Zcash holders to vote on pulling 50,000 ZEC, worth $50 million, from grants treasury
Summary
Zcash token holders will soon vote on a proposal to remove a large portion of the digital asset from the community grants treasury. If approved, the plan would also redirect upcoming block rewards to establish a fresh 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.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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