Ethereum Classic new monetary policy to be launched

Hours are left until the launch of a new monetary policy of Ethereum Classic which will be implemented on December 11
11 December 2017   5348

As we have reported earlier Ethereum Classic will have a protocol level upgrade ECIP-2017 which is designed to the stabilize the coin supply. At first, the new monetary policy was sceduled for December 12, but it will actually be launched on December 11, 2017.

At the moment of press, these are main market parameters of Ethereum Classic:

  • Average price: $29.21
  • Marketcap: $2 871 096 899
  • 24h volume: $438 839 000

Grayscale to Support ETC Devs For Another 2 Years

Ethereum Classic Cooperative was launched in 2017 for financing infrastructure development and projects in the Ethereum Classic ecosystem
23 January 2020   203

Digital asset management company Grayscale Investments has expressed its willingness to continue to provide financial support to Ethereum Classic Cooperative (ECC) for another two years.

ECC was founded in 2017 and is a public charity that directly finances infrastructure development and projects in the Ethereum Classic ecosystem. Initially, Grayscale intended to support ECC for three years, and now extended this period until April 2020.

Grayscale donates to ECC the third part of a three percent commission from its Ethereum Classic Trust. By the end of 2019, the company had donated ECC over $ 1 million.

It is a big vote of confidence which we deeply appreciate. This funding allows us to continue our support of the ETC protocol and ecosystem. We will provide grants for key projects, as we have through 2018 and 2019.

 

Bob Summerwill

ETC Cooperative executive director

In the new year, ECC intends to aim for more sustainable development by redesigning its governance structure and increasing transparency in its operations. The report for 2019 will be published by March 2020, after which such reports will be published on a quarterly basis.

Grayscale is a division of Digital Currency Group, whose founder Barry Silbert actively supports Ethereum Classic.