Why release a transparency report?
Electric Coin Co. (ECC)* is committed to openness and transparency — as we help evolve and support the Zcash digital currency and in support of our mission to empower people with economic freedom. This transparency report details company income, expenses, and use of funds during Q1 2022.
Key takeaways
- Bootstrap received coins at a value above the ECC operating-expense level for Q1 2022. During this time, Bootstrap received coins at an average of $1,055,000 a month (at the Q1 average ZEC price for each of the three months’ distribution dates at $137.75), and ECC incurred average monthly expenses of approximately $700,000.
- At the end of Q1 2022, Bootstrap and ECC collectively held approximately $6.1M in USD and approximately 96.1K ZEC. As of September 14, 2022, the company held approximately $3.5M in USD and approximately 119.7K ZEC.
