The Zcash community is scheduled to vote from November 16 to November 30 on a proposal to remove 50,000 ZEC, representing roughly 55% of the Zcash Community Grants treasury. The tokens would leave circulation within 30 days of the NU7.1 upgrade and would then gradually return to the network through future mining rewards. The proposal also ends the current allocation of 8% of newly issued ZEC to grants, redirecting that share to a new development and legal defense fund that would remain inaccessible until separate withdrawal rules are established. The vote follows the November 3 abandonment of an earlier plan criticized for proposing the transfer of 98,000 ZEC, while ZEC was trading at $986.40, down 1.4% at the time of publication.
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