Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZEN] ZENCASH: Permanent, Distributed, and Fully Anonymous cryptocurrency
by
MedaR
on 12/07/2017, 09:06:05 UTC
any one here mining this coin? which is better zenmine or suprnva?
I'm mining on suprnova and i'm quite satisfied, i think those are minor differences, not so important.
So what's the community funding? Is that like the Dash treasury?

From their Blog:

"Our goal is to decentralize sooner rather than later, and part of that is creating a community organization that’s above any individual. Meet the Zen Blockchain Foundation, a Delaware-based nonprofit corporation formed last week.

The Board of Directors for the nonprofit are those we formerly launched as being part of either the Core Team or the DAO officers: yours truly (Robert Viglione), Rolf Versluis, Jane Lippencott, Steven Nerayoff, and Carlo Vicari. These are founders and those with deep experience building cryptocurrencies from the ground up.

Community funds will flow through the nonprofit so there’s a formal entity instead of individuals handling resources, and the entity will have authority to enter into contracts using those resources. Now we can actually start hiring people and paying them for their hard work."
In short, projects without fundings are not serious projects and will depend on donations or self funding which is irrational. I had chance to talk with team and only i can tell you they are very profesional, and preparing many good things.
This is best type of fund collecting, slow but fair, and cannot compare to ICO or Premine, where risk is thrown on investors.