[Zcash.blog] Continued Funding and Transparency

[eye4bd]

Continued Funding and Transparency

Our mission is to create open financial technology with zero-knowledge privacy, for everyone in the world to use. The first application of that technology is Zcash, a cryptocurrency and blockchain with privacy built in....

https://z.cash/blog/continued-funding-and-transparency.html

[1715071558]

1715071558

[1715071558]

1715071558

[1715071558]

1715071558

[spartak_t]

Geez, $15.24 per coin sounds kinda expensive for a starter, but I do believe that Zcash is going to be big.

[DaveyJones]

Why mentioning the "value" of one coin... this sounds like putting a price-tag on it for me. Especially with their over-time-mine ( the 10% ) it makes NO sense to put that tag on it.

[smoothie]

Essentially a corporate crypto coin.

[FruitBucket]

Geez, $15.24 per coin sounds kinda expensive for a starter, but I do believe that Zcash is going to be big.

According to the article this also includes an equal stake in the company. With this in mind the price per coin is infact lower, depending on how one values a stake in Zcash corp.

Why mentioning the "value" of one coin... this sounds like putting a price-tag on it for me. Especially with their over-time-mine ( the 10% ) it makes NO sense to put that tag on it.

There was a lot of discussion that the coins were practically gifted to investors because their investment would be negligible compared to the coins received. This clears up that investors did take some risks on the price.

[spartak_t]

Geez, $15.24 per coin sounds kinda expensive for a starter, but I do believe that Zcash is going to be big.

According to the article this also includes an equal stake in the company. With this in mind the price per coin is infact lower, depending on how one values a stake in Zcash corp.

"In return for $2 million, the new round of investors collectively took ownership of 6.25% of the company.That implies that the new investors were effectively valuing the company at $32 million (at a time when the uncertainties were greater).The overall amount raised including the previous round is $3 million, and the investors collectively now own 16.4% of the company."

That would matter if Zcash develops something other than the coin.