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Why launch a transparency report?
Electrical Coin Co. (ECC)* is dedicated to openness and transparency — as we assist evolve and help the Zcash digital forex, and in help of our mission to empower folks with financial freedom. This transparency report particulars firm earnings, bills and use of funds throughout This autumn 2020 and Q1 2021.
Key takeaways:
- ECC and its guardian 501(c)3 Bootstrap acquired cash at a worth above the operating-expense stage for This autumn 2020 and for Q1 2021: For October and November, earlier than Bootstrap was shaped, ECC acquired cash at a median of $810,000 a month. Bootstrap acquired $537,000 for December. Working bills have been $564,000 monthly in This autumn. Moreover, we distributed the remaining worker incentive compensation associated to inventory choices and fairness paid in ZEC for October and November. Throughout Q1 2021 Bootstrap acquired cash at a median of $897,900 a month (on the Q1 common ZEC worth of $117.28) and incurred common month-to-month bills of $556,000.
- On the finish of This autumn 2020 and Q1 2021 the corporate held roughly $10.1M and $13.25M in USD and ZEC, respectively, based mostly on the December and March closing costs of $63.99 and $156.92.
- Throughout Q1 2021, the Bootstrap board of administrators accredited a plan based mostly on Zcash cash for worker retention.
Click on right here to obtain the total ECC Transparency Report for This autumn 2020 and Q1 2021
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