ZKsync founder releases ZK token update proposal: all network revenue will be used to buy back and burn ZK tokens

ChainCatcher reported that ZKsync founder Alex (@thealexgluchowski) released "ZK Token Proposal Part I," proposing a major update to the ZK token economic model. The core mechanism is that all revenue generated by the network will be used 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 also have actual value capture functionality. The sources of network value include: all of this revenue will flow into mechanisms controlled by governance, used for ZK buyback and burn, 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 and sustainable economic system.