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2022 Grin Original Council (OC) Funding Transparency Report

Last updated: Mar 31st, 2023

Introduction

This document provides a high level overview of the Grin's Original Council (OC) financials for 2022 (Jan 1st-Dec 31st). The purpose is to keep the community up to date on funding activity in transparent and digestible way. The data is derived from what is reported in the financial logs under /grin-pm/financials.

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 finance.yahoo.com unless otherwise stated.
  3. The project has gone through significant restructuring since the last financial report, with much of the original team having left the project. This document covers all of 2022 and is a catch-up report between 2021 and the resumption of quarterly reporting in Q1 2023.

Status before the period

Disposable funds

At the end of Dec 31 2021, The Grin OC held disposable funds to the equivalent of $2,845,537 as follows:

Currency Amount USD x-rate Dec 31 2021 USD Equivalent Wallet address
BTC 57.119721 $46,306 $2,845,537 bc1q2x8gu8n85ylur5j83yflhpg5hf80nhnyem98k2pld46lf4czhmgsxq8wlu

Additional details

Activity during the period

Received

During Jan 01 - Dec 31 2022, Grin OC received no donations

Spent

During Jan 01 - Dec 31 2022, Grin OC spent the following assets on the following activities:

Currency Amount Category
BTC 6.57945984 Development and Maintenance
BTC 0.04836 Hosting Expenses / Infrastructure
BTC 0.00028716 Transaction Fees

Status after the period

Disposable funds

At the end of Dec 31 2022, the status of Grin OC's disposable funds were as follows:

Currency Amount USD x-rate Dec 31 2022 USD Equivalent Wallet address(es)
BTC 50.49161 $16,967 $856,691 bc1q2x8gu8n85ylur5j83yflhpg5hf80nhnyem98k2pld46lf4czhmgsxq8wlu

Comments

  • Over the year, the value of BTC decreased by ~66%, negatively impacting the available funds.
  • From April 2022, Yeastplume and the OC entered into an indefinite arrangement to continue to provide full-time development services on the project.