Zcash price holds $1,400 as holders approve $8.4M grants
- Published
- Updated
- Since then
- 1 new report
- In
- Privacy
Zcash holders approved two $750,000 payments for Taylor Hornby for finding the Orchard vulnerability, plus an additional community-nominated reward. In the same broader vote, holders approved $8.39 million in retroactive grants, including the $1.5 million Orchard package, while ZEC traded near $1,400.
Key claims & sources
What it means
Zcash holders and the people watching the protocol’s funding decisions are the ones who notice this first. The approval of the Orchard-related payment package and the larger retroactive grants vote makes those amounts part of the network’s current governance record, and ZEC was trading near $1,400 at the time of that broader approval.
Market reaction i
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.