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Zcash holders to vote on pulling 50,000 ZEC, worth $50 million, from grants treasury

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CoinDesk
By Shaurya Malwa
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Zcash holders to vote on pulling 50,000 ZEC, worth $50 million, from grants treasury
Photo / Coverage: CoinDeskCredit: Shaurya Malwa
EXECUTIVE SUMMARY

The 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.

Key Takeaways

  • Zcash holders to vote on pulling 50,000 ZEC, worth $50 million, from grants treasury.
  • The 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.
  • The 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.

The 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.

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