Zoin Foundation transparency is one of our key strong-points. This page is intended to represent the income and expenses of the Zoin Fund. If you would like to voice a concern, please contact a team member on discord or email development@zoinofficial.com.

Income since the beginning

The Zoin fund was created with 37.5 Zoin of block rewards for 25000 blocks from block 230250 through block 255250.
The Fund is paid to 2 addresses. (22.5 Zoin to the Development Fund and 15 Zoin to the Administrative Fund)
Development fund: ZEQHowk7caz2DDuDsoGwcg3VeF3rvk28V8
Administrative Fund: ZMcH1qLoiGgsPFqA9BAfdb5UVvLfkejhAZ

The Zoin Fund should serve as support for all open topics for Zoin. (Marketing, Adding Exchanges, Development, etc.)
The Fund was approved with a vote across the entire community.
Expenses are determined by the entire Zoin team.
Some unused funds are stored in Zoinodes to provide constant income for full-time team members.

Expenses since the beginning

Address 1: Administrative Fund

Incoming Transactions = 375000 ZOI
Revenue: 236380 ZOIN (incl. Donations before fund start)

  • Used for reserved Exchanges = 81000 avg $1.03  from 12/31/2017 – 2/23/2018
  • Use for Advertising = 18270  @ $1.00 on 02/07/2018
  • Used for Bounty (Articles, Translations, Videos) = 3655.80 @ avg $0.93 from 11/29/2017 – 3/01/2018
  • Used for Design, Website = 21000 avg $0.70 from 12/24/2017 – 3/01/2018
  • Used for miscellaneous expenses = 17382 avg $0.93 from 11/29/2017 – 3/01/2018

Output: 141307 ZOI

Address 2: Development Fund

Incoming Transactions = 550000 ZOI
Revenue: 287000 ZOI (of which currently 100k in Zoinodes)

  • Used for upgrade Zoin to core 0.13 and implement a new Zerocoin lib build = 200000 @ $0.13 on 11/24/2017
  • Used for masternode implementations/Tor additions = 41000 @ $0.85 on 02/06/2018
  • Used for web wallet / Tor web wallet work = 10000 @ $0.99 on 02/24/2018
  • Used for miscellaneous expenses (Bounties for test, etc.) = 12000 @ avg $0.79 from 11/29/2017 – 3/01/2018

Output : 263000 ZOI

Updated balance

As we’re publishing this post, the current balance of the Zoin fund is 523,380 ZOI.
Income from Zoinodes will be displayed on the next monthly expense report.