Utility & economics
Here you will find a thorough overview of the technical aspects of the AZERO coin that are crucial for the functioning of the entire Aleph Zero ecosystem.
Basic metrics
AZERO is the native coin of the Aleph Zero platform and is used to secure the network through staking, pay for fees, and provide a basic unit of account between the multiple subnetworks created on the Aleph Zero platform.
Ticker AZERO
Type Utility
Circulating supply 230,164,446
Total supply 333,103,233
% Staked 71%
# of Wallets 59,657
Inflation 30,000,000 / per year
Volume $1,453,292
Market cap $234,854,736
AZERO utility
AZERO coin will be the base currency that powers the Aleph Zero ecosystem. It will be used for:
1.
Validator node staking
2.
Discounts on Decentralized Exchange (DEX) swap fees
3.
Collateral for wrapped assets in Liminal
4.
Discounts on fees for asset-wrapping and bridging on Liminal
5.
Transaction fees
6.
Governance voting processes
Markets
Available for US citizens
Wallets
Aleph Zero has obtained a no-action letter from the Swiss Financial Market Supervisory Authority FINMA.
FINMA has classified Aleph Zero’s business model as compliant with Swiss law and has stated that there are no authorization requirements under Swiss financial market law for the issuance of the AZERO coin.
This means that the legal and regulatory requirements to launch the Aleph Zero Protocol are met.
AZERO economics
AZERO will be distributed across different network participants and subject to a vesting schedule as follows:
