Hi @everyone, exciting news!
ZenIP 42407 Voting Result: Passed!
We’re excited to announce that ZenIP 42407 has passed with nearly 100% of participants voting in favor of the proposal!
This pivotal milestone introduces major updates to $ZEN tokenomics and marks a new era for the Horizen ecosystem.
Here’s what this means:
40% of $ZEN emissions to Collator and Delegator Rewards
Collators will secure the network and earn $ZEN rewards. $ZEN holders can delegate their tokens to Collators, participate in network security, and earn rewards in return.
32.5% to the Horizen Foundation
This supports long-term growth and ecosystem stability:
– 15% for Ecosystem Development
– 10% for $ZEN Growth & Stability
– 7.5% for Infrastructure Support
27.5% to the DAO Treasury
To drive ongoing community development:
– 17.5% for the ZEN Sustainability Initiative
– 5% for Community Grants
– 5% for Growth Marketing
No More $ZEN Halving
A smoothly declining emission rate will replace the traditional halving schedule, creating stability and predictability for $ZEN holders.
These changes set the stage for Horizen’s long-term success as a leader in the zk space, empowering the community and driving innovation.
A big thank you to all $ZEN holders who participated in the vote. Together, we’re taking Horizen to the next level!
See full ZenIP42407 and voting result: Snapshot