Token distribution reveals how projects view fairness and control. Hyperliquid token mechanics rely on governance votes to manage supply through burns. While XRP price today reflects a distribution model set years ago. Both approaches worked for their time, but neither lets the market set prices daily based on actual demand. As investors search for the next crypto to explode, attention shifts toward models that remove insider advantages and let participants compete on equal terms. Zero Knowledge Proof network introduces the Initial Coin Auction (ICA), the first system where token price gets determined by market contributions every single day, not
The post Governance to Market Discovery: Hyperliquid, XRP, and Zero Knowledge Proof, Which is the Next Crypto to Explode? appeared first on The Merkle News.
