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 firstname.lastname@example.org.
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
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.