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2019Q1 Funding Transparency Report

Last updated: Aug 23 2019

Introduction

This document provides a high level overview of Grin's financials for Q2 of 2019 (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's 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

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

Received in the period

During Apr 01 - Jun 30 2019, Grin received the following assets:

Currency Amount Wallet address(es)
GRIN 8510.15 https://donations.grin-tech.org
BTC 57.53959802 3ChVP627KU5w4zu2rieFPF3wGXWQgmhvrs
bc1qdgs8vkpzr256qjlzlfht72z3mhcrdrt6wj2rfjw39j8us24gz8uq78qj65
ETH 60.21257467 0x16726940ecebdfb3c352c29bf2620f59ef919a3b

Spent in the period

During Apr 01 - Jun 30 2019, Grin spent the following assets:

Currency Amount
GRIN 1888
BTC 10.458
ETH 58.47

Comments

Status after the period

Inaccessible funds

Due to Ignotus absence in this period, the project has lost access to the GRIN, ETH, and ZEC wallet addresses, which contained the following balances by the end of the period:

Currency Amount Wallet address(es)
GRIN 7120.367203 https://donations.grin-tech.org
ZEC 5.8 t1QGYYXan3HHEuiPEfccKnUuWEP4CsVvPA5
ETH 1.742385670725710718 0x16726940eCEBdfb3c352C29bF2620f59EF919a3b

We expect these funds to be unavailable temporarily and recoverable once Ignotus returns. There is also a risk that the funds could be lost permanently.

Disposable funds

At the end of Jun 30 2019, Grin held disposable funds to the equivalent of $828,991.74 in the following assets:

Currency Amount USD x-rate Jun 30 2019 USD Equivalent Wallet address(es)
BTC 76.63672687 10,817.16 $828,991.74 3ChVP627KU5w4zu2rieFPF3wGXWQgmhvrs
bc1qdgs8vkpzr256qjlzlfht72z3mhcrdrt6wj2rfjw39j8us24gz8uq78qj65
$828,991.74

Comments

  • Beneficial movements in the BTC exchange rate during the period.
  • As per above, some funds remain inaccessible.
  • Majority of increase in funds is derived from a single 50 BTC donation in the period.
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