Why launch a transparency report?
Electrical Coin Co. (ECC) is dedicated to openness and transparency — as we assist evolve and help the Zcash digital forex, and in help of our mission to empower folks with financial freedom. This transparency report particulars firm earnings, bills, and use of funds throughout This autumn 2024.
As we ceased to obtain growth funding in November of 2024, this concludes our reporting obligations as a recipient of the Improvement Fund beneath ZIP 1014. Shifting ahead, ECC might present studies periodically as required by future grant agreements or different obligations.
Key takeaways:
Bootstrap acquired cash at a price beneath the ECC working expense stage for This autumn 2024. Throughout this time, Bootstrap acquired cash at a mean of $293K a month (on the This autumn common ZEC worth, $38.31, for every of the three months’ distribution dates), and Bootstrap and ECC incurred common month-to-month bills of roughly $375K.
On the finish of This autumn 2024, Bootstrap and ECC collectively held roughly $823K in USD and roughly 115K ZEC
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