Merge pull request #114 from lehnberg/transparency_report

Add Q1 2019 Funding Transparency Report

financials/reports/funding_transparency_2019Q1.md

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+# 2019Q1 Funding Transparency Report
+
+Last updated: May 02 2019
+
+## Introduction
+This document provides a high level overview of Grin's financials for Q1 of 2019 (Jan 01 - Mar 31). The purpose is to keep the community up to date on funding activity in transparent and digestible way. This is the first attempt at such a report, and is based on financial logs that was introduced during the quarter.
+
+### 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 Dec 31 2018, Grin held the equivalent of $65,237.35 in the following assets:
+
+Currency | Amount | USD x-rate Dec 31 2018 | USD Equivalent | Wallet address(es)
+|---|---:|---:|---:|---|
+BTC | 17.34294023 | 3,742.70 | $64,909.42 | 3ChVP627KU5w4zu2rieFPF3wGXWQgmhvrs <br />bc1qdgs8vkpzr256qjlzlfht72z3mhcrdrt6wj2rfjw39j8us24gz8uq78qj65
+ZEC | 5.8 | 56.54 | $327.93 | t1QGYYXan3HHEuiPEfccKnUuWEP4CsVvPA5 |
+| | | | $65,237.35 |
+
+### Comments
+* These were primarily donations towards [Grin's Security Audit](https://grin-tech.org/sec_audit).
+
+## Received in the period
+
+During Jan 01 - Mar 31 2019, Grin received the following assets: 
+
+Currency | Amount | Wallet address(es)
+|---|---:|---|
+GRIN | 10,091.51336 | N/A
+BTC | 16.69418862 | 3ChVP627KU5w4zu2rieFPF3wGXWQgmhvrs <br />bc1qdgs8vkpzr256qjlzlfht72z3mhcrdrt6wj2rfjw39j8us24gz8uq78qj65
+USD | 3600 | N/A
+
+### Comments
+* This does not account for BTC 16.30469134 received as a change output following a spend transaction.
+* Main income came from donations towards [Grin's Security Audit](https://grin-tech.org/sec_audit) and to the [Grin General Fund](https://grin-tech.org/general_funding).
+* The USD raised came from Blockcypher/Grinmint as a result of their organization of the [grincon.us](https://grincon.us) event. 
+* Some additional income attributed to this period was due but had not yet hit Grin's accounts, for example from the organizers of the Grin Amsterdam meetup.
+
+
+### Additional (unaccounted for) income
+In the same period, @yeastplume also conducted a successful [fundraising campaign for his work in the period March - Aug 2019](https://grin-tech.org/yeastplume).
+
+According to @yeastplume's own records he raised €66,580 of the €55,000 Target Goal, (amounts as of Feb 3rd, 2019):
+
+|Currency| Amount | EUR Equivalent|
+---|---:|---:|
+BTC | 17.41 |~€51,900 |
+ETH | 148.53 | ~€13,700|
+GRIN | 207.0 | ~€950 |
+| | | ~€66,580 |
+
+
+## Spent in the period
+
+During Jan 01 - Mar 31 2019, Grin spent the following assets:
+
+Currency | Amount | Wallet address(es)
+|---|---:|---|
+GRIN | 9,593.296153967 | N/A
+BTC | 4.482 | 3ChVP627KU5w4zu2rieFPF3wGXWQgmhvrs
+USD | 3600 | N/A
+
+
+### Comments
+* This does not account for a BTC 16.30469134 spend (that was then received) as a change output following a transaction.
+* GRIN was spent as a partial [donation to Ignotus Peverell for their work on the project](https://github.com/mimblewimble/grin-pm/blob/master/notes/20190312-meeting-governance.md#decision-funding-for-ignotus-peverell). They are due to receive an additional ~$4,000 equivalent's worth of Grin.
+* USD was spent on Discourse fees for https://grin-forum.org.
+* BTC was spent as up front [payment to Coinspect to initiate their work on the security audit](https://github.com/mimblewimble/grin-pm/blob/master/notes/20190212-meeting-governance.md#decision-security-audit-firm).
+
+## Status after 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 <br />bc1qdgs8vkpzr256qjlzlfht72z3mhcrdrt6wj2rfjw39j8us24gz8uq78qj65
+ZEC | 5.8 | 58.51 | $339.358 | t1QGYYXan3HHEuiPEfccKnUuWEP4CsVvPA5 |
+| | | | $123,423.73 |
+
+### Comments
+* Some minor beneficial movements in currency exchange rates.
+* A bit portion of the assets will be paid to Coinspect as part of the completion of the security audit.
+* ~$4,000 owed to Ignotus Peverell
+* Some income from the period will be booked in the coming months.