ZK Nation Empowers Holders to Directly Manage Token Supply
- ZK Nation proposes ZKTokenV3 upgrade with permissionless burn functionality, a key step in programmable supply management. - New features include public token burning, BURNER_ROLE authority, and a 21 billion ZK supply cap enforced during minting. - Upgrade aims to decentralize supply control, enabling holders to directly impact scarcity without centralized governance. - Analysts highlight reduced inflation risks and increased market confidence, with voting active until November 13.
ZK Nation has put forward a proposal to update its
The updated contract brings three main enhancements: a public burn option that lets any holder destroy their own ZK tokens permanently; a BURNER_ROLE system, which allows certain addresses to burn tokens from designated accounts; and a clearly defined 21 billion ZK maximum supply, which will be strictly upheld during minting
Building on ZKTokenV2, the upgrade introduces only minor changes to maintain compatibility, while expanding capabilities. Importantly, the 21 billion ZK limit will be open for verification by any program,
This proposal has attracted attention from major blockchain and crypto media outlets such as Bitget, Mars Finance, and Weex,
The voting process, which began on November 13, will decide if the upgrade moves forward. Should it pass, the new system is expected to make supply management more efficient and lay the groundwork for future programmable economic strategies
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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