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funding_transparency_2020Q2.md

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2020Q2 Funding Transparency Report

Last updated: Mar 08 2021

Introduction

This document provides a high level overview of Grin's financials for Q2 of 2020 (Apr 01 - Jun 30). The purpose is to keep the community up to date on funding activity in transparent and digestible way. The data is derived from what is reported in the financial logs under /grin-pm/financials.

Notes

  1. Data was up to date at the time of writing, but it's still possible that there have been changes and updates in the logs since.
  2. USD conversion rates are derived from the closing price of the asset on the day in question according to Coinmarketcap.com unless otherwise stated.

Status before the period

Disposable funds

At the end of Mar 31 2020, Grin held disposable funds to the equivalent of $754,416.42 in the following assets:

Currency Amount USD x-rate Mar 31 2020 USD Equivalent Wallet address(es)
GRIN 3647.21555489 $0.455882 $1,662.70 https://donations.grin-tech.org
BTC 116.91191256 $6,438.64 $752,753.72 39hgKkhfPFpwKRQ6yARGwU2uuVay69NKu4
bc1qecw954uappnwhle6tmafqskn6vxmpr6lmmuwfwldphfxplcshgnssy9kmx
$754,416.42

Additional details

Activity during the period

Received

During Apr 01 - Jun 30 2020, Grin received the following assets:

Currency Amount Wallet address(es)
GRIN 123.5 https://council-donations.yeastplume.org
BTC 0 N/A

Spent

During Apr 01 - Jun 30 2020, Grin spent the following assets:

Currency Amount Tx fees Total amount
BTC 10.38 0.00013199 10.38013199

Comments

Status after the period

Disposable funds

At the end of Jun 30 2020, Grin held disposable funds to the equivalent of $971,920.39 in the following assets:

Currency Amount USD x-rate Jun 30 2020 USD Equivalent Wallet address(es)
GRIN 3770.71555489 $0.415295 $1,565.96 https://donations.grin-tech.org
BTC 106.53178057 $9,137.99 $973,486.35 39hgKkhfPFpwKRQ6yARGwU2uuVay69NKu4
bc1qecw954uappnwhle6tmafqskn6vxmpr6lmmuwfwldphfxplcshgnssy9kmx
$971,920.39

Comments

  • Quarter over Quarter, the disposable funds increased in dollar terms by ~ $144,000, attributed completely to a positive moment in the USD/BTC exchange rate during the period.
  • Negligible amounts (~$50) worth of Grin were donated in the quarter.
  • Funding requests accounted for the total spend in the period, which in Jun 30 exchange rates was approximately $172,000.