ZetaChain Proposes Burning 55 Million ZETA and Pledges Not to Sell Newly Unlocked Tokens in 2027

ZetaChain has submitted its second governance proposal on migrating ZETA to Solana, and voting is now open. According to Odaily, the plan calls for monthly burns totaling about 55 million ZETA in 2027 and for the foundation not to sell newly unlocked ZETA allocated to it that year. The proposed migration is scheduled for December 9, 2026, at a 1:1 ratio, subject to governance approval. The vote will run for 72 hours and end on November 7. After the migration, ZETA would no longer be issued, and its minting authority would be permanently revoked.