Why launch a transparency report?
Electrical Coin Co. (ECC)* is dedicated to openness and transparency — as we assist evolve and help the Zcash digital foreign money, and in help of our mission to empower individuals with financial freedom. This transparency report particulars firm revenue, bills and use of funds throughout This fall 2020 and Q1 2021.
- ECC and its father or mother 501(c)three Bootstrap obtained cash at a worth above the operating-expense degree for This fall 2020 and for Q1 2021: For October and November, earlier than Bootstrap was shaped, ECC obtained cash at a mean of $810,000 a month. Bootstrap obtained $537,000 for December. Working bills have been $564,000 per thirty days in This fall. Moreover, we distributed the remaining worker incentive compensation associated to inventory choices and fairness paid in ZEC for October and November. Throughout Q1 2021 Bootstrap obtained cash at a mean of $897,900 a month (on the Q1 common ZEC worth of $117.28) and incurred common month-to-month bills of $556,000.
- On the finish of This fall 2020 and Q1 2021 the corporate held roughly $10.1M and $13.25M in USD and ZEC, respectively, based mostly on the December and March closing costs of $63.99 and $156.92.
- Throughout Q1 2021, the Bootstrap board of administrators accredited a plan based mostly on Zcash cash for worker retention.
Click on here to obtain the complete ECC Transparency Report for This fall 2020 and Q1 2021