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The Qtum Foundation reports its financial expenditures quarterly for transparency and openness with the community. This report covers the third quarter of 2020.
3Q 2020 Expenditures
During the third quarter of 2020 (July, August, & September) the Qtum Foundation spent 189.0 BTC, an average of 63.0 BTC per month. The monthly expenditures are shown below (the expenditure amount changes with Bitcoin price fluctuation).
Funds spent are further broken down into six categories. The largest categories are for recurring expenses for Technology 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 3rd quarter, these category percentages were Technology Development 75.3%, PR and Marketing 17.9%, Operations Costs 2.9%, Compliance Costs 0.0%, Business Development 2.8%, and Technical Cooperation 1.1%. The expenses in BTC for these categories are shown below.
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