Zcash Community Grants proposes $124 million shift to block rewards, faces criticism

Zcash Community Grants (ZCG) has introduced a plan to redirect approximately $124 million in Zcash tokens from its treasury and future allocations to bolster mining rewards, prompting questions from industry participants over fund transparency and oversight. On Thursday, ZCG recommended transferring 36,200 ZEC, valued at about $46 million, from its current treasury holdings into the Network Sustainability Mechanism (NSM), a mechanism designed to secure ongoing funding for future mining rewards. This transfer would reduce the committee’s treasury from roughly 91,500 ZEC to around 55,200 ZEC, worth about $70 million at current prices.

Source: CoinTurk News