$ZEC : Here’s why Zcash could remove 50,000 ZEC from its grants treasury
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The Zcash [ZEC] community is gearing up to vote on a proposal that could significantly change how ZEC funds its development and distributes newly created tokens. The plan involves removing 50,000 ZEC from the Zcash Community Grants (ZCG) treasury and redirecting its value toward future mining rewards.
That said, Zcash currently allocates 8% of newly issued ZEC to ZCG, which uses the funds to support developers, wallet providers, and other ecosystem projects. These grants help maintain the infrastructure and software needed to use ZEC.
However, rising ZEC prices has increased the value of ZCG’s existing treasury, which has raised concerns that the committee was accumulating more funds than necessary while continuing to receive new token allocations.
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© AMBCrypto
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The Zcash [ZEC] community is gearing up to vote on a proposal that could significantly change how ZEC funds its development and distributes newly created tokens. The plan involves removing 50,000 ZEC from the Zcash Community Grants (ZCG) treasury and redirecting its value toward future mining rewards.
That said, Zcash currently allocates 8% of newly issued ZEC to ZCG, which uses the funds to support developers, wallet providers, and other ecosystem projects. These grants help maintain the infrastructure and software needed to use ZEC.
However, rising ZEC prices has increased the value of ZCG’s existing treasury, which has raised concerns that the committee was accumulating more funds than necessary while continuing to receive new token allocations.
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© AMBCrypto
