The Zcash community will vote on whether to remove 50,000 ZEC from the grant treasury.
Voting takes place from November 16 to 30. The 50,000 ZEC represents about 55% of the treasury’s 91,453 ZEC. The proposal would return their value through future mining rewards. If approved and activated in a network upgrade, ZCG would have 30 days to remove these tokens from circulation, with their value credited to the network sustainability mechanism reserve.
· The proposal would also end ZCG’s current 8% share of newly issued ZEC. That share would instead accrue to a new future development and legal defense fund until the next halving, with no one initially able to spend from it.
· ZCG would retain the rest of the treasury and continue issuing grants; the 12% fund controlled by token holders would remain unchanged.
Which matters more to you: removing 50,000 ZEC or redirecting the 8% issuance share?
$ZEC #Zcash
Voting takes place from November 16 to 30. The 50,000 ZEC represents about 55% of the treasury’s 91,453 ZEC. The proposal would return their value through future mining rewards. If approved and activated in a network upgrade, ZCG would have 30 days to remove these tokens from circulation, with their value credited to the network sustainability mechanism reserve.
· The proposal would also end ZCG’s current 8% share of newly issued ZEC. That share would instead accrue to a new future development and legal defense fund until the next halving, with no one initially able to spend from it.
· ZCG would retain the rest of the treasury and continue issuing grants; the 12% fund controlled by token holders would remain unchanged.
Which matters more to you: removing 50,000 ZEC or redirecting the 8% issuance share?
$ZEC #Zcash
