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
Weekly Report: Gold Breaks Below $4,500! Crude Oil Surges Past $110, But Bitcoin Rallies and Outperforms Gold
Escalating tensions in the Middle East and the Federal Reserve's hawkish stance have impacted global financial markets. Gold plummeted more than 10% this week, marking its worst performance since 1983, while oil prices surged to historic highs. In contrast, Bitcoin rose against the trend, indicating a flow of capital toward crypto assets. The market continues to face uncertainty, and volatility in risk assets may persist.
動區BlockTempo3m ago
Yesterday, the US XRP spot ETF experienced a single-day net inflow of $1,978,200.
On March 20, the US XRP spot ETF recorded a single-day net inflow of $1.9782 million, with Canary XRP ETF being the only product achieving net inflows. Total net inflows have reached $421 million. Currently, the total net asset value of XRP spot ETFs stands at $1.006 billion, with historical cumulative net inflows reaching $1.209 billion.
GateNews3h ago
GameFi sector market cap $4.515 billion, FLOKI ranks first with $286 million
As of March 21, the GameFi sector has a market cap of $4.515 billion, with FLOKI, The Sandbox, and Undeads Games ranking at the top. The Solana Foundation chairperson believes blockchain gaming performance has fallen short of expectations, and multiple institutions have previously invested substantial capital in this sector.
GateNews4h ago
Today the cryptocurrency fear and greed index rose to 12, with the market in a state of extreme panic.
Gate News Update: On March 21st, according to Alternative.me data, the Cryptocurrency Fear and Greed Index rose to 12 today (the index was 11 yesterday), with the market in an "extreme panic state."
GateNews5h ago
Ondo Finance Issues Tokenized Securities in IBIT and GLXY
The essay discusses the recent entry of large companies and ETFs into the tokenized securities market, highlighting growth driven by regulatory support and increasing institutional demand, with Ondo Global Markets managing over 250 tokenized instruments valued at nearly $2.6 billion.
CryptoBreaking12h ago
Gemini Faces Class-Action Suit Over Prediction Market Pivot, Plummeting Stock Price
Gemini faces a class action lawsuit from shareholders alleging that the company misled investors about its business viability and concealed its shift to prediction markets, contributing to a significant decline in stock value.
Decrypt12h ago
