The post Developers of the Altcoin Praised by Vitalik Buterin Announce a Major Update appeared on BitcoinEthereumNews.com. ZKsync (ZK) founder Alex Gluchowski has announced a new tokenomics model that aims to transform the ZK token from a mere governance tool into an asset that provides real economic utility. According to the proposal, cross-chain fees and enterprise license revenues will be added to the ZK token, so all value generated will be managed by the management for buyback, burning, staking, and ecosystem funding. According to DeFiLlama data, ZKsync Era's total revenue is currently $30.03 million, but only $640,000 in revenue was generated in the last year. Gluchowski said in his statement: “ZK was launched as a pure governance token. However, with interoperability and the real-world adoption of Prividiums, this proposal aims to give the token tangible economic benefits. The model is quite simple: When the network is used, the ecosystem should benefit as well.” Related News: Next Fed Decision in the US Becomes Increasingly Complicated: BLS Won’t Release Critical Data – Will This Affect Bitcoin? According to the new model, value will be reflected in the ZK token in two ways: On-chain interoperability fees: Revenue generated from moving assets and messages between ZKsync and Prividium. Off-chain corporate license revenues: Revenue generated from licensing advanced modules to be used by banks and financial institutions. Gluchowski stated that all revenue generated will flow into a governance-controlled system, from where it will be used for ZK buybacks, staking rewards, token burns, and ecosystem funding. He argued that the goal is to make decentralization economically sustainable by aligning usage with value, ensuring the ZKsync network captures a meaningful share of the economic benefits it generates. *This is not investment advice. Continue Reading: Developers of the Altcoin Praised by Vitalik Buterin Announce a Major Update Source: https://en.bitcoinsistemi.com/developers-of-the-altcoin-praised-by-vitalik-buterin-announce-a-major-update/The post Developers of the Altcoin Praised by Vitalik Buterin Announce a Major Update appeared on BitcoinEthereumNews.com. ZKsync (ZK) founder Alex Gluchowski has announced a new tokenomics model that aims to transform the ZK token from a mere governance tool into an asset that provides real economic utility. According to the proposal, cross-chain fees and enterprise license revenues will be added to the ZK token, so all value generated will be managed by the management for buyback, burning, staking, and ecosystem funding. According to DeFiLlama data, ZKsync Era's total revenue is currently $30.03 million, but only $640,000 in revenue was generated in the last year. Gluchowski said in his statement: “ZK was launched as a pure governance token. However, with interoperability and the real-world adoption of Prividiums, this proposal aims to give the token tangible economic benefits. The model is quite simple: When the network is used, the ecosystem should benefit as well.” Related News: Next Fed Decision in the US Becomes Increasingly Complicated: BLS Won’t Release Critical Data – Will This Affect Bitcoin? According to the new model, value will be reflected in the ZK token in two ways: On-chain interoperability fees: Revenue generated from moving assets and messages between ZKsync and Prividium. Off-chain corporate license revenues: Revenue generated from licensing advanced modules to be used by banks and financial institutions. Gluchowski stated that all revenue generated will flow into a governance-controlled system, from where it will be used for ZK buybacks, staking rewards, token burns, and ecosystem funding. He argued that the goal is to make decentralization economically sustainable by aligning usage with value, ensuring the ZKsync network captures a meaningful share of the economic benefits it generates. *This is not investment advice. Continue Reading: Developers of the Altcoin Praised by Vitalik Buterin Announce a Major Update Source: https://en.bitcoinsistemi.com/developers-of-the-altcoin-praised-by-vitalik-buterin-announce-a-major-update/