The Zcash community will vote on a new proposal from November 16 to 30. It plans to allocate 50,000 ZEC from the community fund—about 55% of the treasury—to a network sustainability mechanism, with the funds gradually returned through future mining rewards.
At the same time, it would eliminate the current fixed allocation to ZCG of 8% of newly issued ZEC and establish a development and legal defense fund. If approved, the proposal would be implemented through the NU7.1 upgrade.
The price of #zec remains under pressure. It previously fell 15.25%, while open interest also declined 13.4%, indicating that speculative demand has cooled.
At the same time, it would eliminate the current fixed allocation to ZCG of 8% of newly issued ZEC and establish a development and legal defense fund. If approved, the proposal would be implemented through the NU7.1 upgrade.
The price of #zec remains under pressure. It previously fell 15.25%, while open interest also declined 13.4%, indicating that speculative demand has cooled.
