OpenZK Announces Burning 25% of Total Tokens

OpenZK announced that it will soon burn a large amount of tokens, accounting for 25% of its total token supply. OpenZK stated that this move is to benefit the community, initiating the deflationary token economics of OZK, which will have a significant positive impact on its network's long-term development, community building, and transparency. The effect of the deflationary mechanism will gradually be reflected in the token price. It is reported that the first large-scale token burn will take place on May 7th.