Every ZEC the protocol has paid outside mining since the genesis block, computed block by block from the consensus rules and valued at the ZEC/USD close of the day it was paid. Heights by day from Blockchair; daily closes from Bitfinex.
Allocated outside mining
3.39M ZEC
20.0% of all ZEC issued
USD at receipt
$423.8M
each day valued at its close
Same ZEC at today's price
$5.2B
at $1,538.54 per ZEC
In-protocol lockbox
65.41K ZEC
value pool at block 3,495,277
Who each consensus rule paid, for how long, and what that ZEC was worth on the days it arrived.
| Recipient | Period | Share | ZEC | USD at receipt | Avg. price | Follow the money |
|---|---|---|---|---|---|---|
| Founders' RewardZcash Company, 48 rotating 2-of-3 multisig addresses | Oct 2016 to Nov 2020 | 20% | 2,100,000 | $279.9M | $133.29 | Protocol spec §7.8 ↗ |
| Bootstrap (ECC)Dev Fund 2020 | Nov 2020 to Nov 2024 | 7% | 367,500 | $28M | $76.17 | ZIP 214 ↗ZIP 1014 ↗ |
| Zcash FoundationDev Fund 2020 | Nov 2020 to Nov 2024 | 5% | 262,500 | $20M | $76.17 | Zcash Foundation reports → |
Since 2026-09-23 (block 3,493,963), 1,314 more blocks have paid 164.25 ZEC to ZCG and added 246.375 ZEC to the lockbox. The daily series closes at the last complete UTC day.
ZEC allocated outside mining each calendar year. The halvings and Blossom show as steps; the price at receipt does the rest.
| Year | Founders' Reward | Dev Fund 2020 | ZCG | Lockbox | Total ZEC | USD at receipt | |
|---|---|---|---|---|---|---|---|
| 2016 | 68.56K | · | · | · | 68.56K | $6.2M | |
| 2017 | 523.02K | · | · | · | 523.02K | $99.9M | |
| 2018 | 523.06K | · | · | · | 523.06K |
What happened after the coinbase, as far as primary sources state it. Open questions stay open.
Planned split, September 2016 · shares of the 21M supply
The heights where the rules changed. Each links to its block on CipherScan.
The rules are code; these real blocks and balances pin them down. The same checks run in the test suite.
Consensus rules from the Zcash protocol specification and ZIPs 207, 214, 1015 and 2001. A day runs from its first block to the block before the next day's first block. USD at receipt uses the Bitfinex ZEC/USD daily close; the genesis day has no close, so its 24.766875 ZEC carry no dollar value. Series through 2026-09-23, generated 2026-09-24.
Data as JSON or CSV →| Major GrantsDev Fund 2020 | Nov 2020 to Nov 2024 | 8% | 420,000 | $32M | $76.17 | ZCG totals →ZCG grants →ZIP 214 ↗ZIP 1014 ↗ |
| Zcash Community GrantsZCG and Lockbox | Nov 2024 to today | 8% | 95,945.5 | $25.6M | $266.69 | ZCG totals →ZCG grants →ZIP 1015 ↗ZIP 1016 ↗ |
| LockboxZCG and Lockbox | Nov 2024 to today | 12% | 143,918.25 | $38.4M | $266.69 | Coinholder grants →Coinholder pool →ZIP 1015 ↗ZIP 2001 ↗ZIP 271 ↗ZIP 1016 ↗ |
| $118.6M |
| 2019 | 523.14K | · | · | · | 523.14K | $29.7M |
| 2020 | 462.23K | 31.13K | · | · | 493.36K | $27.8M |
| 2021 | · | 261.33K | · | · | 261.33K | $39.4M |
| 2022 | · | 261.48K | · | · | 261.48K | $23M |
| 2023 | · | 261.45K | · | · | 261.45K | $8.6M |
| 2024 | · | 234.61K | 5.52K | 8.28K | 248.4K | $7.6M |
| 2025 | · | · | 52.31K | 78.46K | 130.77K | $16.8M |
| 2026 | · | · | 38.12K | 57.18K | 95.3K | $46.3M |
Consensus split, ZIP 214 · shares of the block subsidy
Consensus split, ZIPs 1015 and 1016 · shares of the block subsidy · through block 3,495,277