Zcash ZCG withdraws plan to reallocate 98,000 ZEC

The Zcash Community Grants committee withdrew a preliminary plan that would have cut grant allocations and redirected about 98,000 ZEC toward future mining rewards, the committee said in a January 3 forum notice. The proposal, first published October 29 and described at the time as an initial concept rather than a finalized plan, was dropped after discussions moved quickly. The committee said the community should decide the fate of the development fund and treasury assets through Zcash’s standard governance process, without offering an alternative proposal or a timeline for a decision. The reversal leaves roughly 98,000 ZEC in question as the community weighs how to fund grants versus future miner incentives. What to watch next is whether ZCG or community members advance a revised allocation plan through formal governance.