The Electrical Coin Firm is dedicated to openness and transparency — as we assist evolve and help the Zcash digital foreign money, and in help of our mission to empower everybody with financial freedom and alternative. To this finish, our transparency report particulars firm revenue, bills and use of funds in the course of the second half of 2018.

Key takeaways

  • The Electrical Coin Firm is funded (assuming present value of ZEC) by way of October 2020.
  • The Electrical Coin Firm and its workers have been receiving roughly 4.2% of the full mining rewards.
  • On the present value of roughly $60 per ZEC, the corporate and its workers have been receiving roughly $550ok monthly.
  • The corporate’s working value within the second half of 2018 averaged $700ok monthly. A further $180ok a month was used for worker compensation in the course of the interval. As such, the corporate has been working at a big deficit.
  • The Zcash obtained from the Electrical Coin Firm’s share of mining rewards was used to fund R&D, engineering, international adoption efforts, audits, trademark protections and regulatory relations. The specifics are included within the Bills and Use of Funds part of the disclosure.
  • The corporate presently holds roughly $5M price of USD and Zcash.
  • Founders Reward members not too long ago agreed to a dilution, efficient June 2019, to make sure the monetary sustainability of the Electrical Coin Firm.

We hope that making the data contained inside this report open and accessible demonstrates our excessive requirements for radical transparency. We invite you to ask questions and present suggestions within the discussion board or through e-mail at [email protected]money as we proceed to help Zcash growth and adoption.

Click on on the picture beneath to obtain the report.



Read the original article here