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
Backpack is scheduled for around March 23rd TGE, the exact date will be announced tomorrow.
Backpack CEO Armani Ferrante announced during a Twitch live stream on March 11 that the token TGE is expected around March 23, with the exact date to be announced on March 12. Polymarket data shows a 100% probability that Backpack TGE will occur before the end of December and a 93% probability before the end of March.
GateNews16m ago
Binance Founder CZ Dismisses $110B Net Worth Estimate in Forbes Ranking
Binance founder Changpeng ‘CZ’ Zhao has dismissed the Forbes Billionaires List, which put his net worth at $110 billion, pointing to a steep drop in crypto prices.
Forbes ranked CZ higher than Michael Bloomberg, Microsoft founder Bill Gates and India’s richest man, Mukesh Ambani.
Binance fou
CryptoNewsFlash26m ago
Osmosis proposes to migrate governance to Cosmos Hub, and OSMO will be converted to ATOM within 6 months.
Osmosis plans to migrate its DEX to Cosmos Hub. If approved, native liquidity, governance, and security will be unified. Circulating OSMO will be converted to ATOM at a specific ratio within 6 months, without affecting existing staking emissions. Unclaimed ATOM will be returned to the community pool.
GateNews50m ago
U.S. stocks opened with a broad rally in crypto-related stocks, with Strategy rising 2.45%
On March 11, the US stock market opened with the Dow down 0.17%, the S&P 500 up 0.13%, and the Nasdaq up 0.33%. Oracle's stock price rose over 11% due to better-than-expected earnings and an upward revision of revenue guidance. Crypto-related stocks generally rose, with several individual stocks performing well.
GateNews1h ago
Shiba Inu's Shytoshi Kusama Disappears From X Again After 'Bug Fix' Update - U.Today
Shiba Inu ambassador Shytoshi Kusama has paused X activity since February 21, raising speculation about potential updates or improvements hinted in his bio. Meanwhile, SHIB's price shows slight gains despite broader market declines.
UToday1h ago
Bitcoin surpasses 70,000 USDT, with an intraday increase of 0.10%
Gate News Report: On March 11, Bitcoin broke through 70,000 USDT, currently trading at 70,015.14 USDT, with a daily increase of 0.10%.
GateNews1h ago
