The Zcash community will vote from Nov. 16 to 30 on a proposal to remove 50,000 ZEC — approximately 55% of the community grants treasury's 91,453 ZEC holdings — and return its value through future mining rewards. If approved and activated in a network upgrade, Zcash Community Grants (ZCG) must move the tokens out of circulation within 30 days, with the value redirected toward the network sustainability mechanism reserve.
The proposal would also terminate ZCG's current 8% share of new ZEC issuance, redirecting those funds into a newly created development and legal defense fund that accumulates until the next halving. No withdrawals would be permitted from this fund initially; a separate governance proposal would be required to define the spending mechanism. ZCG would retain the remaining treasury balance and continue issuing grants, while the 12% holder-controlled fund remains unaffected. Based on an October snapshot and a ZEC price of $1,300, draft estimates suggest existing ZCG funds could cover roughly 13 years of spending before the reduction, dropping to about six years after removing the 50,000 ZEC.
Zcash Community to Vote on Removing 50,000 ZEC From Grants Treasury
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