From Minting to Burning — That’s the New Meta

The founder of ZKsync has proposed a major tokenomics update. The main idea: all network revenues should be directed toward buying back and burning ZK tokens, staking, and ecosystem funding.

What I especially like is that token buyback and burn comes first on that list.

It really feels like the loudest narrative in crypto right now is the complete opposite of what we saw during the ICO boom:

• Back then, projects were all about creating new tokens and selling them to the market.
• Now, it’s all about taking tokens off the market and destroying them.

And I think this trend could easily spread to many more companies. Here’s why:

• They have already collected as much public money as they could.
• The founders have made good profits from those token sales.
• So, selling tokens was, probably, the real business model all along.

Everything built afterward isn’t treated as a business — it’s just a system whose revenue can now be used to destroy tokens.

At rabbit.io, we don’t have a token of our own.
Our success depends on how good the rates we offer are, and how easy and convenient we make crypto swaps for you.
So far, that seems to be working pretty well 🐰