Zcash Shoots Up 62% to $880 Ahead of Big Token Issuance Vote
Zcash holders are getting ready to vote on shifting how ZEC gets issued, triggering a massive market rally.
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Key takeaways
- ZEC rallied 62% to $880 ahead of an upcoming governance decision.
- A community poll on changing ZEC token issuance runs from Aug. 25 to Sept. 14.
- Holders need spendable shielded ZEC in Ironwood prior to the snapshot to participate.
Zcash just spiked 62% to hit $880, and it's all because holders are gearing up to vote on changing how ZEC gets issued.
The governance poll opens Aug. 25 and runs until Sept. 14. Want to vote? You'll need spendable shielded ZEC sitting in Ironwood before the pre-vote snapshot locks down eligible balances.
Why it matters
Follow the money: when a privacy project puts its issuance model on the ballot, traders don't wait around. Supply rules dictate scarcity and long-term value, period. This price surge shows people scrambling to get eligible for the vote—or just placing bets on where the supply lands before the poll closes.
Source: CryptoSlate
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