ZEC holders to vote starting November 16: proposal would move 50,000 treasury tokens out of circulation, not yet approved
An improvement proposal drafted by Zcash co-founder and others was added to the specifications repository on Wednesday. Holders and community groups will vote from November 16 to November 30, 2026 (until 23:59 UTC on the 30th) on whether to move 50,000 ZEC held in the treasury of community grants organization ZCG out of circulation. This is only a vote—not an approval, and certainly not a burn.
Who is affected: People who hold ZEC and plan to participate in this vote. According to the October treasury snapshot cited in the proposal, ZCG held 91,453 ZEC at the time, making the 50,000 ZEC about 55% of its holdings. CoinDesk estimated its value at about $50 million based on market prices at the time of reporting; the amount will fluctuate with the price. If a rough consensus is reached and the measure is activated in the subsequent NU7.1 network upgrade, ZCG will have to move the tokens out within 30 days. Their value will be credited to the network's security sustainability mechanism, then gradually returned to circulation through future block rewards—it will not be permanently erased from the total supply. The proposal would also end the 8% of new issuance currently allocated to ZCG and instead put it into a temporarily unspendable “Future Development and Legal Defense Fund”; how it can be accessed would require another proposal. ZCG would retain the rest of its treasury and could continue issuing grants. The activation height and reference implementation have not yet been determined.
Do you plan to participate in the vote starting November 16?
This is not investment advice.
Source: CoinDesk (2026-11-12); draft ZIP (Sean Bowe, Zooko Wilcox, Jason McGee); Wu Says, citing the report · 2026-11-12, around 14:30 HKT
#Zcash #ZEC #夯B媒体 $ZEC
An improvement proposal drafted by Zcash co-founder and others was added to the specifications repository on Wednesday. Holders and community groups will vote from November 16 to November 30, 2026 (until 23:59 UTC on the 30th) on whether to move 50,000 ZEC held in the treasury of community grants organization ZCG out of circulation. This is only a vote—not an approval, and certainly not a burn.
Who is affected: People who hold ZEC and plan to participate in this vote. According to the October treasury snapshot cited in the proposal, ZCG held 91,453 ZEC at the time, making the 50,000 ZEC about 55% of its holdings. CoinDesk estimated its value at about $50 million based on market prices at the time of reporting; the amount will fluctuate with the price. If a rough consensus is reached and the measure is activated in the subsequent NU7.1 network upgrade, ZCG will have to move the tokens out within 30 days. Their value will be credited to the network's security sustainability mechanism, then gradually returned to circulation through future block rewards—it will not be permanently erased from the total supply. The proposal would also end the 8% of new issuance currently allocated to ZCG and instead put it into a temporarily unspendable “Future Development and Legal Defense Fund”; how it can be accessed would require another proposal. ZCG would retain the rest of its treasury and could continue issuing grants. The activation height and reference implementation have not yet been determined.
Do you plan to participate in the vote starting November 16?
This is not investment advice.
Source: CoinDesk (2026-11-12); draft ZIP (Sean Bowe, Zooko Wilcox, Jason McGee); Wu Says, citing the report · 2026-11-12, around 14:30 HKT
#Zcash #ZEC #夯B媒体 $ZEC
