With the launch of the BETH token, Jak Cole’s Ethereum Community Foundation wants to give meaning to the burning of Ether, which has been in place since The Merge update. According to a message posted on their networks, this mechanism is revolutionary.
However, independent observers are wondering how much credence to give this new eccentricity. Analysis.
“Ethereum Community Foundation launches BETH token”
“ETH to 10k.” These are the only words that appear in the description of the Ethereum Community Foundation’s X account.
A name very similar to that of the “official” organization that oversees Ethereum and its development, the Ethereum Foundation. But the differences between these two foundations are immense. On the board of the Ethereum Foundation is Vitalik Buterin, the creator of Ethereum, who calls for building a future we can be “proud” of:
We want to build something that the next generation can look at and say, “Yes, this truly creates openness, freedom, and gives everyone fair and uncontrolled access.”
Vitalik Buterin at EthCC 8
As for the Ethereum Community Foundation, no official information about the names of its leaders appears on the website, even though Jak Cole is regularly presented as the person who founded it in 2025.
The intentions of the dissident foundation are clear: to implement “a shameless strategy that prioritizes ETH.” The price of Ether must reach $10,000, network fees must go to Ethereum — and no one else — and no other cryptocurrency must compete with ETH. These are the conditions for eligibility for a grant.
The Ethereum Community Foundation is moving away from the cyberpunk philosophy of its creator, a former geek disappointed by World of Warcraft and its untimely updates. The goal is no longer to build something “good,” but to ‘serve’ Ether holders, who are “shareholders.”
The one and only goal: to increase the value of Ether, whatever the cost. To do this, Jak Cole and the Ethereum Community Foundation are betting on a strategy that works well: making as much noise as possible. Shouting “ETH to 10K” from the rooftops — until it was picked up by Justin Sun, an equally vocal personality.
Does BETH give meaning to the burning of Ether? Not for now
It seems that Jak Cole and the Ethereum Community Foundation have found a new way to get people talking about them with the launch of a token with no apparent use: BETH.
BETH is a token given to an Ether holder who has burned an ETH — with a parity of 1 BETH for 1 ETH burned.
On X, observers were quick to point out the lack of utility, but also the lack of logic behind this new initiative from the Ethereum Community Foundation.
As the @tx_analysor account on X notes: “[BETH] cannot be worth more than ETH.” It explains that “if the price of BETH is higher than that of ETH, then this creates an arbitrage opportunity that brings its price back below that of ETH.”
It’s been a long time since I’ve seen an idea as stupid as $BETH.
First things first: this initiative comes from the Ethereum Community Foundation, an entity that has no connection to the official Ethereum Foundation.
So how does $BETH work?…
— tx (@tx_analysor) August 31, 2025
However, the Ethereum Community Foundation is promoting this initiative as an innovation that rivals the burning of Ethers, an alternative that, according to the foundation, has no value:
Ethereum burns billions of ETH every year. Until now, this value has disappeared into thin air.
Whatever the historic foundation does, it’s never good enough for Jak Cole. Yet on the website of his dissident foundation, burning is clearly an encouraged practice: one of the conditions for obtaining a grant is: “Generate fees in ETH only, and burn them.” “
The Ethereum Community Foundation claims to give value to burns with BETH. Knowing Jak Cole’s eccentric profile and the erratic statements of the dissident foundation, it’s a safe bet that a number of features will be unveiled as we go along to dress up this BETH, which is, for the moment, a little bare.
