The Qtum Chain Foundation reports financial expenditures quarterly for transparency and openness with the community. This report covers the fourth quarter of 2021.
4Q 2021 Expenditures
During the fourth quarter of 2021 (October, November, and December) the Qtum Chain Foundation spent 22.5 bitcoin, an average of 7.5 BTC per month. The monthly expenditures are given below (the expenditure amount changes with bitcoin price fluctuation).
Funds spent are further broken down into six categories. The largest categories are recurring expenses for Research and Development, Public Relations and Marketing, and Operation Costs. The non-recurring costs are smaller and consist of Compliance Costs, Business Development, and Technical Cooperation.
For the 4th quarter, these category percentages were Technology Development 48.7%, PR and Marketing 2.6%, Operations Costs 2.4%, Compliance Costs 22.1%, Business Development 18.7%, and Technical Cooperation 5.5%. The monthly expenditures in BTC by category were:
