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ZKsync founder releases ZK Token update proposal: All network revenue will be used for the repurchase and destruction of ZK Tokens.
On November 4, Alex, the founder of ZKsync, released “ZK Token Proposal Part I,” proposing significant updates to the ZK Token economic model. The core mechanism is that all revenue generated by the network will be used for the repurchase and destruction of ZK tokens. Alex stated that in the future, ZK tokens will no longer be limited to governance purposes but will have actual value capture functions. The sources of network value include: all this revenue will flow into governance-controlled mechanisms for ZK repurchase and destruction, stake rewards, and ecological development funds. Alex emphasized that this move aims to directly link the value of ZK tokens with network usage, promoting ZKsync to form a self-reinforcing sustainable economic system.