Compare community funding and company ownership using public Zcash data.
Cypherpunk · latest reported balance
326,417.51 ZEC held
Latest entry: Aug 31, 2026. Later unreported mining is excluded.
1.93% 5%
Starting share → goal
Today’s target: 5% × 16,949,703 ZEC = 847,485.15 ZEC. The amount needed grows as new ZEC enters circulation.
Cypherpunk’s stated goal uses circulating supply: ZEC already in circulation.
Share of circulating supply
1× = today’s price of $1,538.54 / ZEC
Keep mined ZEC, then make one purchase at the end. 0 = buy immediately.
Buy remaining ZEC today
$801.68M USD total
521,067.64 ZEC to reach 5%
One purchase today at $1,538.54 / ZEC
Buy after 1 year of mining
$730.91M USD total
475,068.84 ZEC still to buy
One purchase at the end, at $1,538.54 / ZEC
$70.77M less than buying today
Time to 5% with mining only
Below goal
With these inputs, reaching 5% needs purchases or a larger mining share.
Estimated final ownership: 4.24%
After all future ZEC has been created.
Starting holdings plus projected new mining rewards. The company keeps all mined coins and the same share of mining rewards. A halving cuts new ZEC rewards in half; the model includes each future halving and your dev fund settings. Future transaction-fee income, mining luck and changes in network competition are not projected.
Ownership after 1 year of mining
405,288.81 ZEC · before market purchases
2.30%
of projected circulating supply
Target after 1 year: 5% × 17,607,153 projected circulating ZEC = 880,357.65 ZEC. New coins increase the target by 32,872.5 ZEC.
100% assumes all their new rewards are offered for sale.
Estimated offers from other miners · today
1,224.06 ZEC / day
1,224.06 ZEC / day × 100% offered
This changes estimated market supply. Purchase costs use the price you enter; the company’s ownership uses its own holdings and mining.
Community treasury
How does ZEC’s price change the value and spending coverage of these funds?
Change any field below. Results update instantly.
Shared with the Company tab. Your inputs are kept when switching tabs.
The years divide total past grant payments to estimate an annual budget. The default 5 years is an assumption, not a verified reporting period.
The percentage changes assumed ZEC sales; total spending stays fixed. 100% means the full budget is funded by ZEC sales. Actual sales by funds or recipients are unknown.
Share of newly created ZEC sent to community funding. The rest goes to miners.
These settings also change mining results in the Company tab.
Budget years represented by gross assets
85.16 years
At $1,538.54 / ZEC
Assumes the ZEC price and annual USD budget stay fixed for the entire period.
$21,477,071 total grant payments ÷ 5 years you selected
| Same starting balances | Today$1,538.54 / ZEC | Your scenario$1,538.54 / ZEC |
|---|---|---|
| Treasury value | $365.81M | $365.81M |
| % of treasury spent / year | 1.17% | 1.17% |
| Assumed ZEC sales / year | 2,791.88 | 2,791.88 |
Gross assets include funds already committed to unpaid grants. ZCG and Lockbox require separate approvals to spend. This comparison excludes future funding and rising expenses; it does not forecast how long accessible funds will last.
The reported total includes grant milestones and grant-funded contractor payments. Choose how many years to divide it by to estimate annual spending. Separate discretionary spending and committee stipends are excluded.
ZCG balance anchor: Sep 23, 2026; retrieved Sep 25, 2026, 02:16 UTC. Lockbox accrued through block 3,495,277. The official ZCG report is marked “updates required”.
Funding ends at the next halving, following the current schedule. Halvings reduce new issuance. These inflows are excluded from the spending coverage above.
New ZEC received by the funds: 360 ZEC/day. Estimated sales at today’s price: 1,224.06 from other miners + 7.64 to pay expenses = 1,231.71 ZEC/day. This estimate depends on the sale percentages you entered; actual market liquidity is unknown.
Other miners are assumed to sell 100% of their rewards, editable under “Edit company assumptions” in the Company tab. The spending sale equivalent is 2.12% of current fund inflows.
ZCG: 88,435 ZEC + $8,816,950 cash. Lockbox: 143,598.04 ZEC. Combined value today: $365,809,060.
Last available quote · Sep 25, 2026, 03:19 UTC
USD purchase estimates · excludes mining costs & market impact
All dollar amounts are USD. M = million · B = billion. Future prices and sale percentages are your assumptions.
Cypherpunk dashboard · 326,417.51 ZEC, checked Sep 23, 2026. The latest ZEC entry is dated Aug 31 and already includes mining.
Company release · Sep 22, 2026 · 3,023.13 ZEC mined Aug 18–31, all added to treasury. The model averages this over 14 calendar days; exact operating hours and the subsidy/fee split are not disclosed.
Company annual report · p. 8 · goal of at least 5% of total circulating supply.
Zcash economics · 21M cap, 75-second blocks, 1.5625 ZEC subsidy in the current era: 1,800 ZEC/day total, 1,440 to miners.
CoinGecko market data · 16,949,703 circulating ZEC. Supply reading: Sep 25, 2026, 03:28 UTC.
Official ZCG balance report · $21,477,071 of cumulative paid grant milestones; 88,435 ZEC; $8,816,950 cash. Balance block dated Sep 23, 2026, retrieved Sep 25, 2026, 02:16 UTC. Other cells can be revised without changing the block date. Paid milestones include grant-funded contractors; separate discretionary spending and committee stipends are excluded.
Official Lockbox / Coinholder report · 143,598.04 ZEC, using the Sep 23, 2026 balance plus protocol accrual through block 3,495,277. Retrieved Sep 25, 2026, 02:16 UTC. Later payouts require a new source balance. The combined valuation uses the same balances as the home-page treasury overview, at this calculator’s current ZEC price. Source CSV balances are rounded; future receivables are excluded.
Purchase need = max(0, target % × supply − holdings − projected mining) × ZEC price. Each scenario uses its own price and projected supply. Mining starts from the reported balance; no undisclosed mining is added.
Halving schedule · output steps down every 1,680,000 blocks. The next halving is at block 4,406,400. Network height used: 3,492,985 (company dashboard snapshot, 2026-09-23). Block times are estimates.
Constant-output benchmark: 6.61 years to mine today’s gap at 215.94 ZEC/day. This simplified comparison freezes both supply and mining output. The main mining result follows the full halving schedule.
Funding rules · ZIP 214 · currently 20% goes to funding (8% grants, 12% deferred fund). The default follows its scheduled expiry at the third halving. Editing the allocation or enabling renewal creates a hypothetical scenario. Halvings still reduce total issuance in every mode.
Annual spending = historical USD spending / historical years. Fund assets at each price = ZEC holdings × that price + USD cash. Coverage = those assets / annual spending, holding today’s balances and annual USD expenses constant. This compares valuations; it does not project balances after the mining horizon, future inflows or inflation. ZEC sale equivalent = annual spending × assumed share funded by ZEC sales / scenario price. Cash-funded payments require no new ZEC sale. The ZCG spending average is only a proxy for future combined-fund spending; the two pools have different governance and expenses.
The observed share of miner rewards (15%) is calibrated against the official allocation in the observation’s era (Aug 2026 for the company preset; the current era for custom output), then held constant. All company mining is retained. Market circulating supply and the node height are separate readings; projected issuance is added to that market baseline, capped at 21M. This can differ from protocol-issued supply. Funding retention changes potential offers without automatically adding a price premium. Order-book depth and other holders’ sales are not measured.
Mining electricity, equipment, fees, taxes and purchase slippage are excluded. Saved market purchases are not mining profit. Future prices are your assumptions.