2026-01-08 15:22:41

The ZEC project is a bit chaotic right now. In mid-week, Josh Swihart, CEO of the company behind ZEC, announced that the board had unilaterally amended the contract terms, a decision that directly angered the entire development team.

The core of the dispute is actually quite clear—bonuses and rights distribution. The developers were completely disappointed with the new terms, collectively resigned, and even planned to establish a new company. The market responded quickly to this news, with the ZEC token plummeting 20% in response, and investors voting with their feet to express their dissatisfaction with this management turmoil.

From this incident, it can be seen how sensitive governance issues are in crypto projects. When a core asset like the development team loses confidence, users and investors also lose faith. Imbalanced profit distribution ultimately has to be paid for by market prices.

ZEC-3,52%

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TopBuyerBottomSeller

· 01-11 14:59

It's the same old trick, the CEO's contract has dispersed everyone's trust. --- The development team running away, ZEC is really done for. --- Regarding profit sharing, the crypto circle really hasn't learned how to do it properly. --- A 20% drop is still considered mild; if it were me, I would have sold already. --- Is Josh trying to kill the project? One person can ruin the entire team. --- Collective resignation to join a new company—that's true backstabbing. --- The governance issue boils down to a game of power and money; developers are always the ones getting cut. --- Looks like the ZEC story can't go on; who will be the next victim? --- The board's actions seem to be aiming to turn the coin's value into worthless paper. --- When people leave, the project dies—that logic has never failed in the crypto world.

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ShamedApeSeller

· 01-11 13:56

Same old story again, the CEO issues a command to cut salaries, can developers not run away? --- This is the norm in crypto, management's self-righteousness has backfired. --- A 20% drop is considered mild; if I were an investor, I would have cut my losses long ago. --- Laughable, unilaterally changing the contract? Do they really think talent is disposable? --- The correct move is for the development team to leave; why stay and work for others? --- Poor profit distribution, no matter how good the project sounds, it's useless. --- Josh Swihart's move is a typical case of killing the goose that lays the golden eggs. --- The ZEC incident explains why the coin's price drops as soon as it falls. --- Core personnel leaving = the project is almost done; everyone understands this logic. --- Governance chaos is indeed a common problem in crypto projects, but this time it's too obvious.

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MidnightSeller

· 01-08 15:49

It's the same old trick again—cutting developers' salaries and still expecting them to work hard. Laughable. --- ZEC messed up this time. The core team left, and the project can still recover? Overestimating. --- The CEO's unilateral decision indeed led to a bad outcome. This lesson in the crypto world still needs to be learned firsthand. --- A 20% drop is actually a bargain. Will the bad actors come to take over? --- Basically, it's greed. Forcing the development team to give up their share. Now everything's lost. --- With the team gone, what confidence is left? ZEC is truly in trouble this time. --- A classic self-destructive decision. Management's brains are really lacking. --- After squeezing the retail investors, they still want to squeeze the developers. The CEO's move is truly brilliant. --- A coin without developers is just paper money. How come some people still haven't realized this? --- They've never learned about profit sharing. Only after taking a loss do they finally understand.

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Ser_This_Is_A_Casino

· 01-08 15:47

Same old story, CEO in full control, developers fleeing en masse. What is ZEC playing at? --- Haha, a project with governance failure still wants to survive? Dream on. --- The wave of跑路 is coming. This time, ZEC is probably done for. I've seen through this trick long ago. --- Is that all? The board unilaterally changing terms, really thinking developers are easy to manipulate. Collective resignation is well-deserved. --- A 20% drop is just mild. If trust collapses, can the project still rise? Not happening. --- A classic case of self-destruction. Driving away the most important people and still expecting token prices to rise—who's got that kind of logic? --- So this is the current state of Web3. When governance collapses, everything's over. --- The development team left to start their own project? That’s the real beginning. What’s left of this shell that is ZEC? --- When利益分配 becomes unbalanced, the market votes. The recent ZEC voting results are very clear.

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CryptoCrazyGF

· 01-08 15:45

It's the same old story again, the CEO makes all the decisions, and the development team just says goodbye. This is outrageous, they change the contract whenever they want, no wonder people want to leave. ZEC's recent moves are really dragging down... a 20% drop, investors are all stunned. Unfair distribution leads to this kind of outcome, it's very normal. The development team is the root; if the root is rotten, can the tree survive? Josh's move was really terrible. Another case of governance collapse, this is how the crypto world operates. Collective resignation to establish a new faction, I believe in it. This is why I don't touch projects without good governance. The CEO wants to be a dictator, but ends up being taught a lesson by the market. Equity distribution must be fair; otherwise, it's just digging a pit.

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BitcoinDaddy

· 01-08 15:29

Another classic "boss turns hostile" script, the developer just walks away with a slap on the butt haha --- ZEC's move this time is brilliant. The CEO offended the entire team with a contract, and as a result, was backstabbed collectively. This is what you get, right? --- Basically, it's about not dividing the cake properly. If the developers all leave, how can the project survive? Laugh out loud --- A 20% drop is just the beginning. With the core developers gone, who would dare to sleep holding this coin? --- This is the real truth of Web3 governance. Lack of transparency in power leads to this outcome, every time --- Josh is way too inflated. He thought the board was invincible, but in the end, he played himself to death --- The development team wants to go solo? Then I really don't understand ZEC anymore. Does this coin still have any value? --- When profit distribution is unbalanced, the market will teach you a lesson. ZEC paid a pretty painful tuition this time

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SadMoneyMeow

· 01-08 15:23

Another case of a power CEO messing up a project, can it be salvaged if the developers have all left? CEO unilaterally changing the contract? That's suicide, no wonder the team directly all left. ZEC's recent actions are truly outrageous,利益分配一乱套，代币直接腰斩，这就是现实 Core developers no longer trust it, how can retail investors dare to take over...a 20% drop is considered mild. Unequal distribution must be met with consequences, this is the most common death trap in Web3. Feels like ZEC is really done, the forked new coin is clearly the trend. CEO causing trouble, developers rebelling, I've seen many such soap operas. By the way, this management team is really incredible, do they have to anger the entire technical team to be happy? ZEC's story once again proves that if the money isn't distributed well, the project is doomed.

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