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Token Launches & TGEs

LayerZero Sets November 30 Launch for Zero Mainnet

LayerZero has scheduled the launch of its Zero mainnet and ATLAS trading infrastructure for November 30, with Open ATLAS supporting over a dozen trading venues.

LayerZero Sets November 30 Launch for Zero Mainnet
Image: BullishMarketCap

LayerZero has scheduled the launch of its Zero mainnet and ATLAS trading infrastructure for November 30, according to CryptoNews. Open ATLAS is expected to support more than a dozen trading venues at debut, with additional venues joining before the end of the year.

ATLAS Trading Infrastructure

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ATLAS functions as a headless exchange without a consumer application or trading interface of its own. It is designed to handle trading and settlement behind third-party platforms. The platform will operate in two configurations: Open ATLAS for crypto-native applications and teams building open financial products, and Institutional ATLAS for institutional participants choosing custom rules for their markets.

According to the company, LayerZero plans an initial ATLAS capacity of 200,000 transactions per second. The technical architecture aims for a median latency below one millisecond, with company-reported performance measuring 1.418 milliseconds at the 95th percentile and 2.641 milliseconds at the 99th percentile in a public deployment environment.

Token Economics and Buybacks

The planned token model integrates $ZRO to secure Zero, pay network gas fees, and grant trading venues access to higher ATLAS rebates through staking. For Open ATLAS, a single trading fee is set, with venue rebates ranging from 20% to 65% based on $ZRO stake, trading volume, or both.

Remaining fees are split, with 25% allocated to market creators and 75% used to buy and burn $ZRO. The system separates transaction execution from verification through zero-knowledge proofs, operating the trading engine in its own distinct Zone.

Key facts

  • LayerZero scheduled the Zero mainnet and ATLAS trading infrastructure launch for November 30.
  • Open ATLAS will support more than a dozen trading venues at debut.
  • Initial ATLAS capacity is provisioned at 200,000 transactions per second.
  • The platform allocates 75% of fees remaining after venue rebates to buy and burn $ZRO.
$ZRO#LayerZero#ZeroMainnet#ATLAS

Source: crypto.news

This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.

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