ZeroLend announced the ZERO token economics, with a maximum supply of 10 billion tokens, 18% allocated for airdrops

ChainCatcher news, the multi-chain lending protocol ZeroLend has announced its ZERO tokenomics, with a maximum supply of 10 billion tokens and an initial circulation of 25%.

35% of the total supply is allocated for private placement, 18% for airdrops, 10% for liquidity, 5% allocated to the treasury, 7% allocated to advisors, 5% allocated to the team, and 20% reserved for release to stimulate growth (with a vesting period of 1200 months).

According to previous news, ZERO is a Linea ERC-20 token, serving as a utility and governance token for the ZeroLend ecosystem, which can be bridged to all chains using LayerZero. The ZERO TGE will commence on May 6.