[Proposal: 16] Zeitgeist Proposal to Open HRMP Channel & Register Asset xcZTG

This proposal aims to Accept/Open an HRMP channel with Zeitgeist and register xcZTG.

XCM Disclosure: Zeitgeist Network


We propose to open a bi-directional channel between Moonbeam and Zeitgeist and to register Zeitgeist’s native currency ZTG as xcZTG. Initially, the main use case will be to transfer ZTG between the two chains to create a trade pair in Stellarswap and offer it to any dApp on Moonbeam that wants to utilize it. Another potential use-case of the channel is to offer prediction markets and the Futarchy governance mechanism in the near future to Moonbeam and any dApp on Moonbeam. Further use cases shall be evaluated over the course of time.

On-Chain Proposal Reference

On-Chain Referendum #16 with the associated hash:


Technical Details

Zeitgeist already has an open hrmp channel request to Moonbeam on Polkadot:

    sender: 2,092
    recipient: 2,004
	  confirmed: false
	  age: 0
	  senderDeposit: 100,000,000,000
	  maxMessageSize: 102,400
	  maxCapacity: 1,000
	  maxTotalSize: 102,400

The on-chain proposal on Moonbeam does:

  1. Accept Zeitgeist’s open hrmp channel request
  2. Request to open a hrmp channel to Zeitgeist
  3. Register xcZTG on Moonbeam

xcZTG has the following metadata:

Multilocation: { parents: 1, interior: { X2: [ { Parachain: 2092 }, { GeneralKey: { length: 2, data: "0x0001000000000000000000000000000000000000000000000000000000000000" } ] }}
Decimals: 10
Name: Zeitgeist
Symbol: xcZTG

and furthermore:

Asset ID: 150,874,409,661,081,770,150,564,009,349,448,205,842
XC-20 address: 0xFFFFFFFF71815AB6142E0E20C7259126C6B40612

The setAssetUnitsPerSecond was calculated using a token price of $0.03, targeting a XCM transaction cost of 0.02$.

The hex encoded call data for the call executed by the proposal is:


Aye on this, lets get some fun with Zeitgeist markets, to see what use cases we cam bring

1 Like

Welcome to Moonbeam team

1 Like

Aye !!! Extending HRMP channels with parachains is a crucial for ecosystem :slight_smile:

1 Like

Definitely AYE and hope we’ll welcome xcZTG quite soon on our chain :raised_hands:

aye, more XC integrations, the merrier

Aye, will like to see Zeitgeist as XC integration