Zcash Grants Group Offers a $124M Compromise as Backlash Grows
Co-founder Sean Bowe proposed ending Zcash Community Grants' automatic 8% share of new ZEC. ZCG now offers a preliminary middle ground: move 36,200 ZEC (~$46M) to the Network Sustainability Mechanism, forgo ~62,000 ZEC of future allocations and taper funding to the 2032 halving. That's ~98,000 ZEC (~$124M) redirected to block rewards.
$ZEC is near $1,260, +6.9% on the week.
Neutral until a vote date is set. Expect a range between $1,247 and $1,310 meanwhile.
Not financial advice. DYOR.
Co-founder Sean Bowe proposed ending Zcash Community Grants' automatic 8% share of new ZEC. ZCG now offers a preliminary middle ground: move 36,200 ZEC (~$46M) to the Network Sustainability Mechanism, forgo ~62,000 ZEC of future allocations and taper funding to the 2032 halving. That's ~98,000 ZEC (~$124M) redirected to block rewards.
$ZEC is near $1,260, +6.9% on the week.
Neutral until a vote date is set. Expect a range between $1,247 and $1,310 meanwhile.
Not financial advice. DYOR.
