Zcash grants proposal drops plan to send 98,000 ZEC to miners
Zcash Community Grants withdrew a 98,000 ZEC allocation proposal following backlash, leaving competing plans for a $129 million funding pool unresolved.
Zcash Community Grants withdrew a 98,000 ZEC allocation proposal following backlash, leaving competing plans for a $129 million funding pool unresolved. Zcash (ZEC) is trading at ₹1,21,533 ($1,281.53), down 0.7% since this brief published. This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Wed, 04 Nov 2026 14:00:02 UTC.
The withdrawal keeps a substantial community-funded allocation unsettled and illustrates how proposals involving miner incentives can shape consensus around Zcash funding. Competing plans remain under consideration rather than the proposed transfer being finalized.
- 98,000 ZEC transfer proposal was withdrawn after backlash
- A $129 million Zcash Community Grants allocation remains unresolved
- Competing proposals are still under consideration
- ZEC rose 9.82% over 24 hours, but fell 1.23% over seven days
- Zcash Faces Backlash Over $550K Adult Industry Grant Proposal
- Zcash Proposes Redirecting 8% of Block Subsidies from Grants to NSM Reserve
- Zcash Proposal Seeks to Redirect $124M to Mining Rewards Amid Governance Concerns
- Zcash Proposes $61M Reserve Transfer from Grants Treasury
- Zcash grants proposal drops plan to send 98,000 ZEC to miners — this brief
Zcash Community Grants has withdrawn a proposal that would have redirected 98,000 ZEC to miners, according to Crypto.news. The abandoned plan came after community backlash, although the supplied report does not detail the objections raised or identify the organizations behind competing proposals. The withdrawn proposal had formed part of a wider allocation valued at $129 million.
The decision does not resolve how the $129 million funding allocation will be distributed. Instead, Crypto.news reports that competing proposals remain in contention, leaving the proposed payment to miners off the table without selecting an alternative beneficiary. No timeline for a final decision or further details about the competing plans were provided in the coverage.
The episode centers on a community funding mechanism and a proposed transfer large enough to make its withdrawal relevant to Zcash participants and industry stakeholders. Miner incentives can influence network participation and security, while grants also support ecosystem initiatives; the available reporting does not specify which projects or activities the competing proposals would finance.
Market data show Zcash trading at $1,290.40, up 9.82% over 24 hours but down 1.23% over seven days, with a reported market capitalization of $21.97 billion. The broader crypto market capitalization stands at $2.69 trillion and is broadly higher, while 
Bitcoin gained 1.85% over 24 hours. The Fear & Greed Index is at 34, indicating a Fear reading. The available information does not establish that Zcash’s price move was connected to the grants proposal.
The immediate item to follow is the disposition of the competing proposals for the $129 million allocation and whether the community grants process produces another miner-focused plan. The 98,000 ZEC proposal itself has been withdrawn, and no replacement transfer had been confirmed in the supplied coverage. Market conditions remain mixed, with ZEC’s strong daily advance offset by a slight weekly decline amid a generally higher broader market and a Fear reading of 34.
Since this brief published about 3 hours ago, Zcash (ZEC) has moved from ₹1,22,374.12$1,290.40 to ₹1,21,532.94$1,281.53 — -0.69%.
The chart plots ZEC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ZEC ≈ ₹135,861.4 (about $1,281.53), up 7.0% over 24 hours. The rupee itself trades about 11.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 4, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Zcash grants proposal drops plan to send 98,000 ZEC to miner — questions & answers
How many ZEC was the withdrawn miner proposal worth?
The proposal covered 98,000 ZEC. At the reported ZEC price of $1,290.40, that quantity corresponds to about $126.46 million.
Who withdrew the 98,000 ZEC miner proposal?
Zcash Community Grants withdrew the proposal after backlash, according to Crypto.news.
What remains unresolved about the $129 million allocation?
Competing proposals are still under consideration, and the supplied coverage does not identify a final recipient or decision.
How much is 1 Zcash worth in rupee today?
About ₹135,861.4 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1,281.53. The rupee price moves with both ZEC's US-dollar price and the USDT/INR rate; use our Zcash in rupee page for any amount.
Has Zcash's price moved since this brief was published?
ZEC is down 0.69% since this brief first published — trading at ₹1,21,533 ($1,281.53) now versus ₹1,22,374 ($1,290.40) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.