Zooko Wilcox, the ECC CEO, asked for a new general development fund back in August 2019.  There was already an existing controversy about the “Founders” reward, and the issue went to the extent that a part of the ZCash community forked to form Ycash.

The original development fund happened when Wilcox and ECC co-founder and CTO Nathan Wilcox got ECC to buy back some of the founder’s rewards to use it for ongoing funding tasks. Further, Wilcox and a few other founders set aside a part of their rewards to create the ZCash foundation.

With the Zcash founders reward ending in October 2020, a new kind of funding development is needed.

Wilcox previously stated: “I opted for the initial Dev Fund to sunset itself, so that in the future if Zcash were a success and a community was to grow up to support it, that community would have to decide what to do next collectively.”

Wilcox called the community members to make their voices heard by e-mails or by posting in public forums.  After ZCash publishes a procedure to make the community decision, the decisions will be made available.

Bitsler, a community member, tweeted:  “Did you know that Zcash Community Votes to Distribute 20% of Mining Rewards to Infrastructure Development?”

ZCash ZEC Futures Contracts at Binance

Meanwhile, the Zcash Futures Contracts were launched on February 05, 2020, at Binance.  Zcash has been showing a steady performance despite all the issues happening at present.  Zcash, at the time of writing, has been trading at $70.47 with the 24-hour trading volume at $478,691,861.

Despite all things that are trending in the Community, the ECC has a great deal of control. This led to some of the members questioning and raising the issue that Zcash is too centralized.

Sydney Ifergan, the Crypto Expert Tweeted:  “The Zcash ZEC miners will only get 80% of the block subsidy because the community has voted to distribute 20% of the ZEC mining rewards to marketing development and infrastructure.”

ZCash ZEC ECC

ECC might be further hired to continue the goals of Zcash, according to several developers.  Josh Swihart in his blog stated,“The development fund will be distributed to ECC (7% of mining rewards), the Zcash Foundation (5% of mining reward) and an additional fund to be used for grants to support third-party efforts (8% of mining rewards).

Grant participants will receive the largest portion of development funds, which will further decentralize Zcash-related efforts. Stipulations were also introduced for formal accountability and reporting requirements of each participant.” The Community is eagerly awaiting future developments.