Today, October 28th, opening of ZCash (ZEC) trading starts. One of the biggest exchanges, Poloniex, announced yesterday that ZCash market goes live today. However, I would like to warn everyone of you about the coming hype when ZEC market goes live.
There are a few issues you should be aware of:
1. In the first 4 years in every 10 minutes 50 ZEC coins are created. 20% of them goes to the network creators and 80% to the miners. It means, that in one year ZCash team will earn 525 600 of 2 628 000 annually created ZEC.
2. ZCash team are lying do not telling crypto community on their site that 20% of all created ZEC coins go to the team. Only in 2030 the percent will change to 10%.
Have in mind above mentioned issues before making decision to buy ZCash.
Check the most popular cryptocurrency trends and news if you want to invest in ZCash
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