Foresight News reports that LayerZero co-founder Bryan Pellegrino stated, "Since the announcement of the launch of Layer 1 blockchain Zero, there have been many speculations within a week about ZRO’s role in Zero and the ZRO tokenomics model. Let us clarify: Zero will not issue any new tokens, and ZRO is the only asset.
ZRO will serve as Zero’s staking asset and gas asset. All platform revenues—including priority fee excess income, MEV/tip income, market transaction fees, payment zone transaction fees, and cross-chain message fees after LayerZero’s fee switch—is allocated to ZRO. All economic value generated by Zero, LayerZero, and Stargate will directly belong to ZRO holders."
Additionally, institutional purchases, early investor buybacks, and LayerZero’s own buybacks have collectively reached 19.77% of the total token supply, mainly used to purchase soon-to-unlock shares. As a result, most public data in the market overestimate the unlocking pressure by nearly double. Zero mainnet is expected to launch this fall.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Market Holds Steady Despite U.S.-Iran Tensions
The crypto market remains stable amid geopolitical tensions, with a market cap of $2.31T. Bitcoin and Ethereum show slight gains, while notable gainers include TRUMP, IRIS, and PEPE. DeFi TVL rises, but NFT sales decline. Key companies adopt Solana's toolkit, and Singapore reports an $8.83M crypto theft.
BlockChainReporter30m ago
Michael Saylor seems to be signaling a bullish outlook, while Goldman Sachs claims that BTC may have bottomed out.
March 29th Cryptocurrency Market News: MicroStrategy's founder gives a bullish signal, analysts focus on Saudi production cuts, High points out that Bitcoin may have already bottomed. U.S. stocks may be approaching a short-term bottom, Canada plans to ban cryptocurrency political donations. The market needs to reset in order to start a new bull market.
GateNews9h ago
Today’s Crypto Fear and Greed Index has fallen to 9, and the market is in extreme fear.
Gate News message, March 29, according to data from Alternative.me, today the Crypto Fear & Greed Index has fallen to 9, down further from yesterday’s 12, and the market is still in an “extreme fear” state.
GateNews11h ago
Morgan Stanley enters bitcoin ETF race with market-leading low fee
Morgan Stanley plans to launch a spot bitcoin ETF with a competitive fee of 14 basis points, undercutting rivals. This strategy aims to attract investors by leveraging cost as a differentiator in the crowded ETF market.
CoinDesk14h ago
Tokenized platform xStocks brings new private shares fund on-chain
xStocks has partnered with Fundrise to tokenized its Innovation Fund, recently listed on the NYSE. Despite initial trading success, shares fell sharply following SEC concerns. Tokenized equities now exceed $1 billion on-chain, highlighting growing investor interest.
Cointelegraph15h ago
Important Binance Update Concerning Ripple (XRP) and Other Altcoin Traders: Details
The world’s leading cryptocurrency exchange is set to delist certain trading pairs this week.
Some of the digital assets that will be affected by the initiative include Ripple (XRP), Bitcoin Cash (BCH), and Avalanche (AVAX).
The Upcoming Amendment
----------------------
Binance will remove the
CryptoPotato16h ago
