From 061f8db84cfd6b9b48d41fae00ef7954453d2714 Mon Sep 17 00:00:00 2001 From: lehnberg Date: Tue, 23 Apr 2019 16:51:54 +0200 Subject: [PATCH 1/2] create initial structure --- financials/reports/funding_transparency_2019Q1.md | 11 +++++++++++ 1 file changed, 11 insertions(+) create mode 100644 financials/reports/funding_transparency_2019Q1.md diff --git a/financials/reports/funding_transparency_2019Q1.md b/financials/reports/funding_transparency_2019Q1.md new file mode 100644 index 0000000..633ae74 --- /dev/null +++ b/financials/reports/funding_transparency_2019Q1.md @@ -0,0 +1,11 @@ +# 2019Q1 Funding Transparency Report + +## Introduction + +## Status before the period + +## Received in the period + +## Spent in the period + +## Status after the period From 1557a3f02fdcbeff3102ca7eee8dd7fa7306fe64 Mon Sep 17 00:00:00 2001 From: lehnberg Date: Thu, 2 May 2019 11:53:44 +0300 Subject: [PATCH 2/2] add first complete draft of Q1 transparency report --- .../reports/funding_transparency_2019Q1.md | 79 +++++++++++++++++++ 1 file changed, 79 insertions(+) diff --git a/financials/reports/funding_transparency_2019Q1.md b/financials/reports/funding_transparency_2019Q1.md index 633ae74..453600d 100644 --- a/financials/reports/funding_transparency_2019Q1.md +++ b/financials/reports/funding_transparency_2019Q1.md @@ -1,11 +1,90 @@ # 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
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
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
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. \ No newline at end of file