ZetaChain to burn 55 million ZETA originally set aside for validator rewards

ZetaChain plans to burn about 55 million ZETA tokens that had originally been earmarked for validator rewards instead of distributing them, The Data Nerd reported. The burn is set to proceed at roughly 4.6 million tokens per month through 2027, and all burn records will be available for real-time tracking on the ZETA dashboard. ZetaChain also stressed that no additional ZETA will be issued on the Solana network. Vesting for tokens allocated to the team and early investors is also scheduled to end on Jan. 1, 2027.