LayerZero has officially disclosed the economic model of the ZRO token in detail, with a total supply of 1 billion. The specific distribution plan is as follows:
1. The LayerZero community will receive a 38.3% share. Among them, 8.5% of the airdrop will be distributed to community members in today's TGE (token generation event); 15.3% will be used as a reserve and may be used to reward users, protocol participants, developers or other community members in the future; another 14.5% will be managed by the LayerZero Foundation, and 5% will be released in the initial stage to promote ecological development, implement donation plans and increase liquidity supply.
2. 32.2% of ZRO tokens will be allocated to strategic partners, including investors and advisory teams. This part of the tokens will be locked for one year and then gradually unlocked on a monthly basis within two years.
3. Core contributors, including current and future team members, will receive a 25.5% token share. This part of the tokens also has a one-year lock-up period and will be unlocked on a monthly basis within the next two years.
4.LayerZero Labs has repurchased 4% of the total supply of tokens and plans to use them to increase community share to further support community construction and development.
The economic model announced this time shows LayerZero's emphasis on community and ecosystem development, as well as the incentive mechanism for long-term partners and core team members.
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