LayerZero CEO Confirms ZRO as Sole Token for Zero Protocol Staking and Gas

LayerZero Labs cofounder and CEO Bryan Pellegrino said on Feb. 20 that the newly launched Zero protocol will not issue a separate token, confirming ZRO as the only asset for staking and gas payments, PANews reports. All fees—including priority fees for state contention, tips/MEV, market zone transaction fees, payment zone fees, and message fees once LayerZero's fee switch is activated—will accrue to ZRO. Pellegrino added that institutional purchases, early investor buybacks, and project team buybacks collectively represent about 19.77% of total ZRO supply, allocated mainly to repurchasing tokens nearing unlock and early investor allocations, and argued that public data overstates unlock-related selling pressure.