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funding_transparency_2023Q4.md

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2023Q4 Grin Original Council (OC) Funding Transparency Report

Last updated: Feb 28th, 2024

Introduction

This document provides a high level overview of the Grin's Original Council (OC) financials for 2023Q4 (Oct 1-Dec 31). 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 Sept 30th 2023, The Grin OC held disposable funds to the equivalent of $1,229,620 as follows:

Currency Amount USD x-rate Sept 30 2023 USD Equivalent Wallet address(es)
BTC 45.59565438 $26,967.92 $1,229,620 bc1q2x8gu8n85ylur5j83yflhpg5hf80nhnyem98k2pld46lf4czhmgsxq8wlu

Additional details

Activity during the period

Received

During Oct 1 - Dec 31 2023, Grin OC received no donations

Spent

During Oct 1 - Dec 31 2023, Grin OC spent the following assets on the following activities:

Currency Amount Category
BTC 0.96108118 Development and Maintenance
BTC 0.0299 Hosting Expenses / Infrastructure
BTC 0.00093197 Transaction Fees

Status after the period

Disposable funds

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

Currency Amount USD x-rate Dec 31 2023 USD Equivalent Wallet address(es)
BTC 44.607374723 $42,265.19 $1,885,339 bc1q2x8gu8n85ylur5j83yflhpg5hf80nhnyem98k2pld46lf4czhmgsxq8wlu

Comments

  • Over the quarter, the value of BTC increased by ~57%, positively impacting the available funds.