PANews reported on February 20th that Bryan Pellegrino, co-founder and CEO of LayerZero Labs, stated that the newly launched Zero will not issue new tokens. ZROPANews reported on February 20th that Bryan Pellegrino, co-founder and CEO of LayerZero Labs, stated that the newly launched Zero will not issue new tokens. ZRO
LayerZero CEO: Zero will not issue new coins; ZRO will inherit all ecosystem value.
PANews reported on February 20th that Bryan Pellegrino, co-founder and CEO of LayerZero Labs, stated that the newly launched Zero will not issue new tokens. ZRO will serve as the sole asset within the ecosystem, used for staking and gas payments within Zero. Priority fees (state contention), tips/MEV, market zone transaction fees, payment zone fees, and all message fees after the LayerZero activation fee is switched on will all flow to ZRO. He also stated that institutional purchases, early investor buybacks, and project team buybacks already account for approximately 19.77% of the total supply, with the majority used for buying back soon-to-be-unlocked shares and early investor holdings. He believes the current public unlocking pressure data is overestimated.
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