OpenZK has announced that it will conduct an OZK token burn, representing 25% of the total token supply.

BlockBeats News, April 30th, according to official sources, OpenZK, an innovative Layer 2 network based on the ZK Rollup architecture, announced a large-scale token burn, with the amount burned accounting for 25% of its total supply.

OpenZK stated that this move will benefit community development, kickstart the OZK token's deflationary economics, and have a positive impact on the network's long-term growth and transparency. The first large-scale token burn will take place on May 7th.