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funding_transparency_2023Q1.md

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2023Q1 Grin Original Council (OC) Funding Transparency Report

Last updated: April 3rd, 2023

Introduction

This document provides a high level overview of the Grin's Original Council (OC) financials for Q12023 (Jan 1st-Mar 31st). 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 finance.yahoo.com unless otherwise stated.

Status before the period

Disposable funds

At the end of Dec 31 2022, The Grin OC held disposable funds to the equivalent of $856,691 as follows:

Currency Amount USD x-rate Dec 31 2022 USD Equivalent Wallet address
BTC 50.49161 $16,967 $856,691 bc1q2x8gu8n85ylur5j83yflhpg5hf80nhnyem98k2pld46lf4czhmgsxq8wlu

Additional details

Activity during the period

Received

During Jan 01 - Mar 31 2023, Grin OC received no donations

Spent

During Jan 01 - Mar 31 2023, Grin OC spent the following assets on the following activities:

Currency Amount Category
BTC 1.783 Development and Maintenance
BTC 0.00005 Transaction Fees

Status after the period

Disposable funds (TBD April 1st)

At the end of March 31 2023, the status of Grin OC's disposable funds were as follows:

Currency Amount USD x-rate March 31 2023 USD Equivalent Wallet address(es)
BTC 48.70856 $28032.26 $1,385,411 bc1q2x8gu8n85ylur5j83yflhpg5hf80nhnyem98k2pld46lf4czhmgsxq8wlu

Comments

  • Over the quarter, the value of BTC increased by ~70%, positively impacting the available funds.