On August 1st, Zooko Wilcox, founder and CEO of Zcash development team ECC, sent a message reflecting on the history of the foundation's operations over the past years and responding to 20% of the mining output entering the foundation for developers to use. He said, “I was at the beginning. I donated half of my Zcash assets, but at the time these assets were worthless. I didn’t know that Zcash would be so valuable, so I set 20% of the mining output to the developers because 20% was not worth it. What money.” When the project was established in 2015, the Zcash community agreed that 20% of the Zcash output in the previous four years was allocated to the founding team and another 80% to the miners. This distribution ratio has caused a lot of controversy with the increase in Zcash prices, which will expire in October 2020. Zook said, "All Zcash values come from the holders. Because the Zcash community started using ZEC, it made ZEC more and more valuable, and the founding team can get rewards, and the foundation can get a donation."