My personal view:
First, let’s look at some data and facts:
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160 million ZK tokens are unlocked each month (allocated to the team and VC).
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Through proposals such as the ZKsync Immunefi Bug Bounty Program 2026, approved at the token governance meeting, the Foundation, the Association, the ZKsync Security Council, and others still have 250 million ZK tokens remaining to be minted. ZKsync Token Program Capped Minter Overview
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The ZKsync Foundation initially received 4.1 billion ZK tokens ZK Token | ZK Nation
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There is a monthly sell-off pressure of 300–400 million ZK. However, liquidity for $ZK has completely dried up. For example, on Binance, there are only slightly over 100,000 USD in buy orders. It would take just 20 million ZK to drive the price of $ZK to zero.
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The Foundation and the team have never disclosed any information regarding their holdings of $ZK. The situation remains opaque.
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Where did the $258 million in funding go?
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Between 2019 and 2024, where did the substantial network fee revenue go?
The team frequently mentions buybacks, burns, and network protocol fees. There is a constant stream of positive news, but the community has yet to see any increase in the value of $ZK.
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For example, a decentralized sequencer was mentioned many years ago but has yet to be completed. ZKPorter has also been abandoned.
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Six months ago, mentioned buybacks, network fees, and burns, but there has been no significant progress to date. Other protocols have completed this in just one month.
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What are Prividium’s current revenue figures? What are the associated costs, etc.?
Every month, the team receives large amounts of $ZK (for free) from unlocking, along with salary payments and other benefits. you continue to release more ZK through proposals, yet we have not seen any potential growth in $ZK. So far, I have only seen ML, the Security Committee, the Foundation, the Association, and related interest groups consistently benefiting.
Am I correct in assuming that the entire team is building a for-profit entity and enriching themselves, while shifting all costs and risks onto the community’s $ZK investors?
The Canton ($CC) project has consistently been criticized by the ZKsync team. However, they have at least delivered returns to investors and community members and have earned their support.
If transparency is improved and the revenue model is clearly defined, I will support this proposal. Otherwise, I will vote against it.
From 2021 to the present, I have been a staunch supporter of ZKsync and have contributed to the ZKsync community for four years. However, given ZKsync’s current state—particularly the team’s various practices—I cannot help but suspect that the company and team behind ZKsync are constantly “exploiting” the community for their own growth.
If you wish to refute my point, please provide data and evidence regarding $ZK’s growth.
To increase visibility. @gluk64 @the_matter_labs