ZKsync founder releases ZK token update proposal, all network revenue will be used to repurchase and burn ZK tokens.
TechFlame
2025-11-04 14:19
TechFlame2025-11-04 14:19
English
TechFlame News: ZKsync founder Alex (@thealexgluchowski) has released "ZK Token Proposal Part I," proposing a major update to the ZK token economic model. The core mechanism involves using all network-generated revenue to repurchase and burn ZK tokens. Alex stated that in the future, ZK tokens will no longer be limited to governance purposes but will also serve as a means to capture actual value. Sources of network value include: all revenue will flow into a governance-controlled mechanism for ZK token repurchases and burns, staking rewards, and ecosystem development funds. Alex emphasized that this move aims to directly link the value of ZK tokens to network usage, fostering a self-reinforcing and sustainable economic system for ZKsync.