Zcash Holders to Vote on Removing 50,000 ZEC From Community Grants Treasury

Nov. 12 — According to CoinDesk, the Zcash community will vote from Nov. 16 to 30 on a proposal to remove 50,000 ZEC (about 55% of the treasury's 91,453 ZEC) from the community grants treasury and return its value through future mining rewards. If the proposal passes and is activated in a network upgrade, ZCG must move these tokens out of circulation within 30 days, with the value counted toward the network sustainability mechanism reserve.

The proposal would also end ZCG's current 8% share of new ZEC issuance, which would instead accumulate in a new future development and legal defense fund until the next halving. Initially no one can spend from the new fund, and a separate proposal is needed to define the withdrawal mechanism. ZCG will retain the remaining treasury and continue issuing grants, while the 12% fund controlled by token holders remains unchanged. The draft estimates that, based on the October treasury snapshot and a ZEC price of $1,300, ZCG's existing funds could cover about 13 years of spending; after removing 50,000 ZEC, about 6 years would remain.