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2019Q1 Funding Transparency Report

Last updated: May 02 2019

Introduction

This document provides a high level overview of Grin's financials for Q1 of 2019 (Jan 01 - Mar 31). The purpose is to keep the community up to date on funding activity in transparent and digestible way. This is the first attempt at such a report, and is based on financial logs that was introduced during the quarter.

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

At the end of Dec 31 2018, Grin held the equivalent of $65,237.35 in the following assets:

Currency Amount USD x-rate Dec 31 2018 USD Equivalent Wallet address(es)
BTC 17.34294023 3,742.70 $64,909.42 3ChVP627KU5w4zu2rieFPF3wGXWQgmhvrs
bc1qdgs8vkpzr256qjlzlfht72z3mhcrdrt6wj2rfjw39j8us24gz8uq78qj65
ZEC 5.8 56.54 $327.93 t1QGYYXan3HHEuiPEfccKnUuWEP4CsVvPA5
$65,237.35

Comments

Received in the period

During Jan 01 - Mar 31 2019, Grin received the following assets:

Currency Amount Wallet address(es)
GRIN 10,091.51336 N/A
BTC 16.69418862 3ChVP627KU5w4zu2rieFPF3wGXWQgmhvrs
bc1qdgs8vkpzr256qjlzlfht72z3mhcrdrt6wj2rfjw39j8us24gz8uq78qj65
USD 3600 N/A

Comments

  • This does not account for BTC 16.30469134 received as a change output following a spend transaction.
  • Main income came from donations towards Grin's Security Audit and to the Grin General Fund.
  • The USD raised came from Blockcypher/Grinmint as a result of their organization of the grincon.us event.
  • Some additional income attributed to this period was due but had not yet hit Grin's accounts, for example from the organizers of the Grin Amsterdam meetup.

Additional (unaccounted for) income

In the same period, @yeastplume also conducted a successful fundraising campaign for his work in the period March - Aug 2019.

According to @yeastplume's own records he raised €66,580 of the €55,000 Target Goal, (amounts as of Feb 3rd, 2019):

Currency Amount EUR Equivalent
BTC 17.41 ~€51,900
ETH 148.53 ~€13,700
GRIN 207.0 ~€950
~€66,580

Spent in the period

During Jan 01 - Mar 31 2019, Grin spent the following assets:

Currency Amount Wallet address(es)
GRIN 9,593.296153967 N/A
BTC 4.482 3ChVP627KU5w4zu2rieFPF3wGXWQgmhvrs
USD 3600 N/A

Comments

Status after the period

At the end of Mar 31 2019, Grin held the equivalent of $123,423.73 in the following assets:

Currency Amount USD x-rate Mar 31 2019 USD Equivalent Wallet address(es)
GRIN 498.217203 3.51 $1,748.74 N/A
BTC 29.55512885 4,105.40 $121,335.63 3ChVP627KU5w4zu2rieFPF3wGXWQgmhvrs
bc1qdgs8vkpzr256qjlzlfht72z3mhcrdrt6wj2rfjw39j8us24gz8uq78qj65
ZEC 5.8 58.51 $339.358 t1QGYYXan3HHEuiPEfccKnUuWEP4CsVvPA5
$123,423.73

Comments

  • Some minor beneficial movements in currency exchange rates.
  • A bit portion of the assets will be paid to Coinspect as part of the completion of the security audit.
  • ~$4,000 owed to Ignotus Peverell
  • Some income from the period will be booked in the coming months.
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