Why launch a transparency report? 

Electrical Coin Co. (ECC) is dedicated to openness and transparency — as we assist evolve and assist the Zcash digital forex, and in assist of our mission to empower everybody with financial freedom and alternative. This transparency report particulars firm earnings, bills and use of funds throughout Q3 of 2019.

Key takeaways:

  • ECC operated shut to interrupt even in Q3 2019, as we acquired a mean of $750,000 a month and realized roughly $744,600 in bills. This contains worker incentive compensation paid in ZEC on the Q3 ZEC worth of roughly $61.28 (the typical ZEC each day closing coin worth throughout the interval).
  • On the finish of Q3, the corporate held roughly $5.6M in USD and ZEC primarily based on the September closing worth of $38.72. ECC’s present holdings are roughly $4.2M in USD and ZEC.
  • Because of the market uncertainty, the corporate continues to tightly management spending in plenty of areas together with PR, trademark protections, engineering, occasion sponsorships and different non-critical actions.

Click on on the picture under to obtain the total ECC Transparency Report for Q3 2019

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