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 Q2 2023.Â
Key takeaways
- Bootstrap received coins at a value below the ECC operating expense level for Q2 2023. During this time, Bootstrap received coins at an average of $252K a month (at the Q2 average ZEC price, $33, for each of the three months’ distribution dates), and Bootstrap and ECC incurred average monthly expenses of approximately $631K.
- At the end of Q2 2023, Bootstrap and ECC collectively held approximately $922K in USD and approximately 91.8K ZEC. As of December 21, 2023, the company held approximately $960K in USD and approximately 69K ZEC.Â
