The co-creator of ZKsync proposed a governance token overhaul to prioritize “economic utility.” ZKsync has evolved into an ecosystem of interconnected zero-knowledge chains, requiring the token to capture network value and drive adoption. New tokenomics include onchain protocol fees and offchain licensing agreements for enterprise software components.

The revamped ZK token aims to establish a self-reinforcing economic loop by deriving value from protocol fees and licensing deals. Large enterprises using community-built infrastructure should provide value back to the ecosystem. Extracted value will flow into a governance-controlled system for buybacks, staking rewards, token burning, and ecosystem funding.

ZKsync plans for a sustainable economic model by directing revenue to ongoing development, security, and operation. The timeline for the token shift is unclear, with the proposal open for community feedback. ZKnomics aims to align token value with the protocol’s long-term health and sustainability, incentivizing participants and managing token supply.

Read more at Cointelegraph: ZKsync Creator Pitches Governance Token Redesign