Why panic? Really? The developer straight up abandoned the project. A better question is: Why NOT panic?
Commits on Sep 16, 2017Check out the latest commit to zclassic. Just what do you know about this coin really?
It's about time. Pick some ZCL while it's cheap.
There has only been 4 commits (out of 10,761 total) since june/july (right after the fork). Believe me I had a huge bag of ZCL and truly believed in the project. The developer basically dumped the project and started working on other coins. Take a look a this:
https://bitcointalk.org/index.php?topic=2130838.0 . The whole point of ZCL was to remove the 20% developer fee of ZCASH. He then abandons ship and creates a coin with an absolutely MASSIVE 33% development fee. Come on now.. I wish all of you the best, but I'm out of this coin until some real development starts up again.