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LayerZero Part 3: $ZRO Token
SUMMARY
- The $ZRO token was introduced in June 2024, with planned utilities that include protocol governance, transaction fee payment, and staking for DVN security. All three utilities have strong implications for $ZRO’s value.
- We foresee that the next three years will be marked by a rapid increase in $ZRO's circulating supply, alongside growing utilization within the protocol and its adoption as a common currency for cross-chain trades.
- We propose a valuation framework for $ZRO that leverages the Market Cap to Transaction Volume (MC-Tx) ratio, combined with projected transaction volume scenarios. This framework aims to provide readers with a perspective on the relationship between protocol growth and token value.
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