According to CoinDesk, Zcash holders will vote from November 16 to 30 on a funding reform proposal that would remove 50,000 ZEC (worth approximately $50 million) held by the community grant organization Zcash Community Grants (ZCG) from circulation, representing 55% of its reserve of approximately 91,453 ZEC. These tokens would be counted toward the Network Sustainability Mechanism (NSM) and gradually re-enter circulation in the future through block rewards. The proposal also plans to end the current allocation of 8% of new block rewards to ZCG and redirect it to a newly established development and legal defense fund. ZCG would retain its remaining reserves and continue providing project grants. The proposal was put forward by Zcash co-founder Sean Bowe, Zooko Wilcox, and others, and still requires community support and a subsequent network upgrade to be implemented.