Qtum Chain Foundation 2nd Quarter 2022 Expenditures
The Qtum Chain Foundation reports financial expenditures quarterly for transparency and openness with the community. This report covers the second quarter of 2022.
2022 2Q Expenditures
During the second quarter of 2022 (April, May, and June) the Qtum Chain Foundation spent 44.2 bitcoin, an average of 14.7 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 increased in the 2nd quarter with marketing opportunities with conventions and exchanges.
For the quarter, these category percentages were Technology Development 37.6%, PR and Marketing 41.8%, Operations Costs 1.8%, Compliance Costs 0.0%, Business Development 18.8%, and Technical Cooperation 0.0%.
The monthly expenditures in BTC by category were:
