In September, the crypto assets market suffered a heavy blow, with mainstream tokens falling one after another, and XRP experiencing a decline of 9%. Meme coins saw even more significant drops. However, amidst this bleakness, Boundless's ZK miner economic model demonstrated astonishing resilience, becoming a refreshing force in the market.

The reason this model can stand firm in a bear market mainly relies on three key factors: incentive mechanisms, scalability, and price resilience.

First of all, in terms of incentives, Boundless adopts an innovative PoVW (Proof of Valid Work) mechanism. This mechanism was announced on September 30, and its core idea is to distribute rewards based on contributions, rather than the winner-takes-all model of traditional PoW. The more valid proofs generated by Miners, the more ZKC rewards they receive, effectively avoiding waste of computing power. At the same time, the inflation rate is strictly controlled, decreasing from 7% in the first year to 3% year by year. Coupled with the mainnet staking and locking mechanism, it effectively prevents the coin price from being impacted by excessive issuance.

Secondly, in terms of scalability, Boundless has a strong backing. The incubation support from RISC Zero and the $52 million financing provide a solid foundation for its development. Additionally, the support from well-known industry institutions such as Galaxy and Delphi further enhances the project's credibility. Currently, Boundless has reached cooperation with multiple projects: BOB uses its technology to bridge Bitcoin, Lido utilizes it for auditing, and even Stellar announced the integration of Boundless technology on September 18. Nethermind has also deployed proof nodes in Asia. These collaborations allow the Miner’s computing power to be directly converted into services that meet actual demand, avoiding the risk of idling.

Finally, from the price performance perspective, although ZKC has pulled back from $1.87 to $0.56, its 24-hour trading volume still reached $200 million, and the monthly trading volume has even increased to $5.6 billion against the trend. Despite the overall market falling by 0.8%, ZKC still has continuous capital entering, which fully demonstrates the actual demand for it in the market.

Overall, the ZK Miner economic model of Boundless demonstrates remarkable resilience in the current bear market environment through reasonable incentive mechanisms, extensive application scenarios, and robust market performance. This may indicate that similar innovative models will play an increasingly important role in the future crypto assets ecosystem.