The Zcash community will vote on whether to remove 50,000 ZEC, about 55% of the 91,453 ZEC in the grant treasury.
Odaily reports that the vote is scheduled for November 16–30. If the proposal passes and is activated in a network upgrade, ZCG must remove these tokens from circulation within 30 days, with their value counted toward the network sustainability mechanism reserve. The 8% share of new ZEC issuance currently allocated to ZCG will be discontinued and instead accumulate in a new fund for future development and legal defense until the next halving. The fund cannot make expenditures initially, and a separate proposal will be required to establish a withdrawal mechanism. ZCG will retain the remaining treasury for grants, and the 12% fund controlled by token holders will remain unchanged.
· The key constraint is timing: passing the vote is only the first step; the obligation to remove the tokens takes effect only after a network upgrade is activated.
Would you look at token distribution before November 16, or participation rates during the vote?
$ZEC
Odaily reports that the vote is scheduled for November 16–30. If the proposal passes and is activated in a network upgrade, ZCG must remove these tokens from circulation within 30 days, with their value counted toward the network sustainability mechanism reserve. The 8% share of new ZEC issuance currently allocated to ZCG will be discontinued and instead accumulate in a new fund for future development and legal defense until the next halving. The fund cannot make expenditures initially, and a separate proposal will be required to establish a withdrawal mechanism. ZCG will retain the remaining treasury for grants, and the 12% fund controlled by token holders will remain unchanged.
· The key constraint is timing: passing the vote is only the first step; the obligation to remove the tokens takes effect only after a network upgrade is activated.
Would you look at token distribution before November 16, or participation rates during the vote?
$ZEC
