Why release a transparency report?
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 Q4 2023.
Key takeaways
- Bootstrap received coins at a value below the ECC operating expense level for Q1 2024. During this time, Bootstrap received coins at an average of $199K a month (at the Q1 average ZEC price, $25.97, for each of the three months’ distribution dates), and Bootstrap and ECC incurred average monthly expenses of approximately $330K.
- At the end of Q1 2024, Bootstrap and ECC collectively held approximately $835K in USD and approximately 84K ZEC.
