I heard that ZK is set to play a major role, its native token that will power all elastic chains, once the zk gateway launches, it will act as the bridge connecting every elastic chain. So, I have an idea about ZK to discuss and build a better token utility. All other chains using SNARK Technology and the center of the idea of this technology belongs to ZK. The technology allows other chains transfer fees lower and faster. If it provides them cheaper and faster technology we can expect them to invest ZK. We must make a reason for that. The idea exists from here… Let me explain it. We can condition SNARK users to make transfer fees only with ZK, so they will want to keep enough ZK in their hands to cover transfer fees and also if we use transfer fees (equals to amount of ZK -for instance 0.001$ = 1 zk-), we can burn those ZKs in a program we call a burning program. Assuming that the transfer fees are 0.001$, which SNARK commit their users, that will probably not hurt tokenomics and I believe that it will start an incredible hype in the industry. It will be a just burning program for a while like an ignite program. I wonder your ideas.
2 Likes