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Zcash Plan Would Pull 50,000 ZEC From Grants Treasury

The Defiant ·

Polling starts Nov. 16 on a draft that would end ZCG's 8% funding stream and build a locked development and legal-defense reserve.

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First reported by CryptoPotato at · 4 outlets in all

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  1. The DefiantZcash Plan Would Pull 50,000 ZEC From Grants TreasuryPolling starts Nov. 16 on a draft that would end ZCG's 8% funding stream and build a locked development and legal-defense reserve.
  2. Crypto BriefingZcash holders to vote on pulling 50,000 ZEC from the grants treasuryThe proposal could shift Zcash's development funding model, impacting future grant availability and potentially altering miner incentives.
  3. CoinDeskZcash holders to vote on pulling 50,000 ZEC, worth $50 million, from grants treasuryThe proposal would remove more than half of Zcash Community Grants' ZEC holdings from circulation and redirect its future block rewards into a new development and legal-defense fund.
  4. CryptoPotatoZcash (ZEC) Collapses Below $1,000: Can the Bulls Fight Back?According to one X user, ZEC may plummet to the $500-$200 zone.