The centered token repurchase strengthens long-time duration self perception and helps sustainable whisper all over the LayerZero community.
Key Takeaways
- LayerZero Foundation has initiated a buyback for 50 million ZRO tokens.
- The buyback targets early investors who supported LayerZero all over its early pattern levels.
LayerZero Foundation, the non-income entity overseeing the pattern of the LayerZero blockchain interoperability protocol, as of late initiated a buyback of fifty million ZRO tokens from early backers.
The buyback targets tokens held by preliminary investors who equipped funding all over the project’s early pattern phases. Token buybacks in crypto are in overall former to scale lend a hand circulating provide and signal long-time duration self perception in the protocol.
ZRO launched in June 2024 with an preliminary entirely diluted valuation of spherical $3.0 billion. The foundation disbursed 8.5% of the token provide by an airdrop on inaugurate day to bootstrap neighborhood participation.
LayerZero’s protocol connects over 50 blockchains and has facilitated extra than 100 million low-chain messages since inaugurate, bettering liquidity across decentralized purposes.
