PANews reported on November 4th that ZKsync founder Alex (@thealexgluchowski) released "ZKToken Proposal Part I," outlining a major update to the ZK token economic model. The core mechanism involves using all network revenue to buy back and burn ZK tokens. Alex stated that in the future, ZK tokens will no longer be limited to governance purposes but will possess a real-world value capture function. The network's value sources include: all revenue will flow into a governance-controlled mechanism for ZK buybacks 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, driving ZKsync to form a self-reinforcing, sustainable economic system.PANews reported on November 4th that ZKsync founder Alex (@thealexgluchowski) released "ZKToken Proposal Part I," outlining a major update to the ZK token economic model. The core mechanism involves using all network revenue to buy back and burn ZK tokens. Alex stated that in the future, ZK tokens will no longer be limited to governance purposes but will possess a real-world value capture function. The network's value sources include: all revenue will flow into a governance-controlled mechanism for ZK buybacks 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, driving ZKsync to form a self-reinforcing, sustainable economic system.
ZKsync founder announces ZK token update proposal: to use all network revenue to buy back and burn ZK tokens.
2025/11/04 22:28
PANews reported on November 4th that ZKsync founder Alex (@thealexgluchowski) released "ZKToken Proposal Part I," outlining a major update to the ZK token economic model. The core mechanism involves using all network revenue to buy back and burn ZK tokens. Alex stated that in the future, ZK tokens will no longer be limited to governance purposes but will possess a real-world value capture function. The network's value sources include: all revenue will flow into a governance-controlled mechanism for ZK buybacks 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, driving ZKsync to form a self-reinforcing, sustainable economic system.
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