According to CoinMeta, Zcash holders will be voting from November 16th to 30th on a funding reform proposal that aims to remove 50,000 ZEC tokens (valued at approximately $50 million) held by the community allocation organization Zcash Community Grants (ZCG) from circulation, which accounts for 55% of its total reserve of about 91,453 ZEC tokens. These tokens will be included in the network sustainability mechanism (NSM) and will gradually re-enter circulation through block rewards in the future. At the same time, the proposal plans to terminate the current 8% distribution of new block rewards to ZCG and transfer it to a newly established development and legal defense fund. ZCG will retain the remaining reserves and continue to provide project funding. This proposal was put forward by Zcash, co-founder Sean Bowe, Zooko Wilcox, and others, and its implementation still requires community support and subsequent network upgrades.