🚀 ZKSYNC PROJECT AND TOKEN BURN MECHANISM (ZK TOKEN BURN) 🔥

🆕 Update on the token burn mechanism

In September 2025, the zkSync community discussed a major upgrade for the ZK token, called ZIP-XX: Upgrade ZK Token with Permissionless Burn Function.

Upgrade Goals

• 🆙 Upgrade ZK to ZKTokenV3 with:

• Permissionless burn: public token burn, no special permissions required

• Role-gated burn: controlled burn through roles

• 🔍 Public maxSupply on chain → increased transparency

• 🔄 Support for ZKnomics: token economic model, including burn transaction fees → creating a deflationary mechanism

• 🛡️ Delegate BURNER_ROLE_ADMIN to Protocol Governor Timelock → ensuring safe governance

Expected Impact

• 🔥 Burn mechanics: burning tokens from transaction fees, turning every network activity into value for holders

• 💎 Staking pilot: combining ZKnomics staking with a goal of 400 million ZK staked, where delegates/stakers can receive rewards without locking tokens

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📊 Potential Impact

• 💰 For ZK token:

• Create a deflationary mechanism

• Link token value with network activity

• 🏛️ Governance:

• ZK holders can vote for Token Program Proposals (TPPs), including mint/burn to distribute tokens to developers and users

• ⚠️ Risks:

• Need thorough auditing to avoid burn abuse

• Proposals have emphasized security review

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⏳ Current Status (18/9/2025)

• 🗳️ Proposal under discussion & vote on forum zknation io

• ⏱️ If approved, the upgrade can be implemented in the coming weeks

• 🔹 No major burns have occurred before → this is the first step towards automated burns

Indeed, the token burn mechanism (token burn) and the deflationary model can create upward price pressure for the ZK token.