ZEC · ZIP-1015 three-way split: miners, FPF, Lockbox.
Fair-launch PoW with a TAO-pattern structural lock. Every block's subsidy is split 80% miners (Sell #1) + 8% Financial Privacy Foundation (Sell #3) + 12% Deferred Dev Fund Lockbox (Buy #4 — unspendable until a future ZIP). Net mildly inflationary; the Lockbox compounds quietly.
Miners' 80% share of the ZIP-1015 block subsidy: 1.5625 ZEC/block post-NU6 × ~1,152 blocks/day × 90 days × 80%. Next halving lies ~Nov 2028 (outside this window).
Fair-launch PoW (Oct 2016). No premine, no ICO, no team vesting beyond the original Founders' Reward which fully expired at the first halving (Nov 2020).
FPF Community Grants — 8% of every block subsidy auto-mints to the Financial Privacy Foundation (rule-based per ZIP-1015), then FPF disburses to community-funded projects (usability / security / privacy / adoption work). §0.45.3.4 overhangs tracked: FPF accumulating balance (the difference between minted grants and disbursed amounts) + Electric Coin Co (ECC) operational holdings (publicly-disclosed core-dev steward).
No ZEC bankruptcy estate. No legacy team / investor lock awaiting unlock.
No protocol buyback mechanism. The 12% Lockbox is a structural accumulator funded by new mint (counted in Buy #4), not by revenue.
Transaction fees flow to miners. No ZEC is burned by the protocol.
FPF only deploys grants outward (counted as Sell #3). No buying programme.
Deferred Dev Fund Lockbox — 12% of every block subsidy auto-mints to a protocol-level pool that is UNSPENDABLE until a future ZIP is passed. Same emission flow as Sell #1, but structurally removed from active float. TAO-pattern long-term lock.
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