Qtum Chain Foundation First Quarter 2022 Expenditures
The Qtum Chain Foundation reports financial expenditures quarterly for transparency and openness with the community. This report covers the first quarter of 2022.
1Q 2022 Expenditures
During the first quarter of 2022 (January, February, and March) the Qtum Chain Foundation spent 44.0 bitcoin, an average of 14.67 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. PR/Marketing and Business Development expenditures jumped in the 1st quarter as the new marketing team (with new hires) executed new marketing opportunities with conventions and exchanges, as we rolled out rebranding and post-pandemic operations.
For the 1st quarter, these category percentages were Technology Development 35.8%, PR and Marketing 10.9%, Operations Costs 19.6%, Compliance Costs 0.0%, Business Development 33.7%, and Technical Cooperation 0.0%.
The monthly expenditures in BTC by category were:
