LayerZero Co-founder Clarification: Zero will not issue any new tokens, ZRO is the only asset
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.
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