Hello, i want to know how many ZEC does Zcash Foundation have？or where i can find zcash foundation’s address to check its balance??? is their balance trasparent???thank you!
Zcash Foundation has an allocation of approx 3% of the 21M total Zcash that will be issued.
Check out @bcrypt’s Tweet: https://twitter.com/bcrypt/status/1011602573873336320?s=09
And No, the Foundation doesn’t have all of thier funds in a transparent address, that wouldn’t be very Private for the Foundations employees, contractors, and businesses they have to pay.
Just to clarify, it’s actually roughly ~3% of the reward during the Founders’ Reward (e.g. the first ~4 years), and the amount of pledged ZEC is slightly less; the total amount the Foundation will receive is roughly ~260,000 ZEC.
These are not “official” numbers, but happy to share the current state of our ZEC holdings all the same: we’ve spent ~25,000 ZEC, and thus have around 235,000 ZEC remaining in pledged ZEC. We plan on publishing a more thorough “state of finances” early next year.
your transparency is incredible.
ok~ thanks for your answer~~:star_struck:
got it~ thank you~:blush: