ZKsync Founder Proposes ZK Token Update: All Network Revenue to Be Used for Buyback and Burn of ZK Token

BlockBeats News, November 4th, ZKSync founder Alex released the "ZK Token Proposal Part I", proposing a major update to the ZK token economic model, with the core mechanism being that all network revenue will be used for ZK token buyback and burn.

Alex stated that in the future, the ZK token will no longer be limited to governance purposes but will have a practical value capture function. Network value sources include:

These revenues will all flow into a mechanism 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 the ZK token to network usage, driving ZKSync to form a self-reinforcing, sustainable economic system.