ZIGChain plans 500,000,000 token buy

Abdul Rafay Gadit said on May 24 that ZIGChain plans to buy 500,000,000 ZIG tokens, with the purchase to be funded by revenue from what he described as AI-infrastructure operations. The post, published on X, said the move was 38 days away on the project’s roadmap, pointing to an execution window in early July. (coinmarketcap.com) The contract address included in the thread — 0xb2617246d0c6c0087f18703d576831899ca94f01 — matches the Ethereum contract for ZIG, according to Etherscan. (etherscan.io) The planned size is large relative to the token’s published supply figures. Etherscan lists a maximum total supply of 2 billion ZIG, while CoinMarketCap lists about 1.41 billion tokens in circulating supply. (coinmarketcap.com) On those figures, 500 million tokens would equal 25% of max supply and about 35.5% of circulating supply. At CoinMarketCap’s quoted May 24 price of about $0.05391, 500 million tokens would be worth roughly $26.96 million. ### Which token is the company referring to? The Ethereum contract in the post resolves to ZigCoin, ticker ZIG, on Etherscan. Etherscan lists the token at 18 decimals and shows the verified contract name as ZigCoin. (etherscan.io) CoinGecko and CoinMarketCap both present ZIG under the ZIGChain name, reflecting the project’s rebrand from Zignaly to ZIGChain. CoinMarketCap says ZIGChain is a Layer 1 blockchain project tied to Zignaly’s wealth-management platform. The same page says Zignaly has more than 600,000 registered users and about 30,000 unique ZIG holders. (etherscan.io) ### How unusual is a 500 million token buy? Etherscan lists ZIG’s maximum total supply at 2 billion tokens. A planned purchase of 500 million tokens would therefore amount to one quarter of that figure, based on the token contract data. CoinMarketCap lists circulating supply at about 1.4089 billion tokens. (etherscan.io) Against that benchmark, 500 million tokens would equal roughly 35.5% of circulating supply, which indicates the announced amount is substantial even before accounting for how the purchases would be executed or over what period. (coinmarketcap.com) ### Where does the timeline point? The May 24 announcement said the move was 38 days out. A separate ZIGChain update page on CoinMarketCap says the project’s “revenue buyback program” is expected to start on July 1, 2026, and describes it as using platform revenue to buy back ZIG tokens. (etherscan.io) That July 1 date lines up with a 38-day countdown from May 24. The available public materials reviewed do not specify whether the 500 million tokens would be bought in one transaction or across multiple purchases. ### What is publicly documented so far? (coinmarketcap.com) The public record available on May 24 establishes three concrete points: Abdul Rafay Gadit publicly referenced a 500,000,000-token plan; the contract address in the thread matches ZIG’s Ethereum token; and third-party market pages tied to the project reference a buyback program expected to begin July 1. (coinmarketcap.com) The materials reviewed do not independently document the amount of AI-infrastructure revenue already generated, the venue for the purchases, or whether tokens bought would be held, locked, or retired. July 1, 2026 is the next dated milestone appearing in the project-linked public updates reviewed for this story. (coinmarketcap.com) (etherscan.io)