Why release a transparency report?
Electric Coin Co. (ECC) is committed to openness and transparency — as we help evolve and support the Zcash digital currency, and in support of our mission to empower people with economic freedom. This transparency report details company income, expenses and use of funds during Q3 2021.
Key takeaways:
- ECC, through its parent 501(c)3 Bootstrap Org, received coins at a value above the operating-expense level for Q3 2021. During Q3 2021, Bootstrap received coins at an average of $952,000 a month (at the Q3 average ZEC price for each of the three months’ distribution dates at $124.35) and incurred average monthly expenses of approximately $554,000.
- At the end of Q3 2021, the company held approximately $5.9M in USD and approximately 73.1K ZEC. As of March 17, 2022, the company held approximately $5.7M in USD and approximately 93.1K in ZEC.
Click here to download the full report.
The post ECC Transparency Report for Q3 2021 appeared first on Electric Coin Company.
Go to Source
Author: Electric Coin Company
