As reported by PANews on November 12, 2026, at 13:54 (UTC+8), citing CoinDesk, the Zcash community was scheduled to vote from November 16 to 30 on a proposal to remove 50,000 ZEC from the community grants treasury. That is about 55% of its reported 91,453 ZEC balance.
If approved and activated in a network upgrade, the proposal would require Zcash Community Grants (ZCG) to take the 50,000 ZEC out of circulation within 30 days. Their value would be recorded in a network sustainability reserve and returned through future mining rewards.
The proposal would also end ZCG’s current 8% share of newly issued ZEC. That share would instead accumulate in a new fund for future development and legal defense until the next halving. Initially, no one could spend from that fund; a separate proposal would be needed to establish withdrawal rules. ZCG would retain the rest of its treasury and continue awarding grants, while the token-holder-controlled 12% fund would remain unchanged.
These were proposed changes, not completed transfers. Original report (PANews).