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Monero team's first report on funds spent between 2019 and 2020


He team of Monero decided for the first time publish a report on funds spent between 2019 and 2020, approximately one year.

The team explains that this report, being the first, is not perfect. However, considering that the equipment has changed, it was decided to make a report, at least as a summary of the expenses they have incurred during this period.

A report of the Monero funds.

Going into details, the report shows that in 2019 there was only one dozen transactions and 5 of them involved ARM Buildbot for a total of 55 XMR, while 4 transactions involved payments by CDN, seed node, mac server and web hosting fees. In total, we are talking about 631 XMR which, at the current price, are about 35 thousand euros.

The last transaction involved paying the developer salary Diego Salazar, who received 118 XMR.

The funds for these payments come from the CCS wallet, which has a total of 565 XMR.

Instead, analyzing this year's expenses, the Monero team reported only 1 transaction, which again refers to the payment of Salazar's salary, which amounts to $ 7000, which, at the current price of $ 64 per XMR, we can easily deduce that he received 109 XMR. No other transactions have been made in these months of 2020.

Donations to the Monero team

Regarding the donationsThe team reports that there have been quite a few, but mostly less than 1 XMR, although there have been some large transactions. The report does not provide further information on this matter.

Interestingly, the Monero team decided convert all BTC in your possession to XMR on February 14, 2020, although the bitcoin donation channel is still active.

A small income comes from LocalMonero, which pays around $ 100 a month to sponsor Revuo Monero, which is a weekly newsletter.

Finally, the report concludes by presenting the balance: regarding XMR, the team owns 2108 XMR , or more than $ 130,000, while the bitcoin wallet is only 0.187 BTC.

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