The Qtum Chain Foundation reports financial expenditures quarterly for transparency and openness with the community. This report covers the third quarter of 2021.
3Q 2021 Expenditures
During the third quarter of 2021 (July, August, and September) the Qtum Chain Foundation spent 20.8 bitcoin, an average of 6.9 BTC per month. The monthly expenditures are given below (the expenditure amount changes with bitcoin price fluctuation).
Funds spent are further broken down into six categories. The largest categories are recurring expenses for Research and Development, Public Relations and Marketing, and Operation Costs. The non-recurring costs are smaller and consist of Compliance Costs, Business Development, and Technical Cooperation.
For the quarter, these category percentages were Technology Development 69.7%, PR and Marketing 2.6%, Operations Costs 6.6 Compliance Costs 6.9%, Business Development 7.1%, and Technical Cooperation 7.0%. The monthly expenditures in BTC by category were:
