Adrintđź”® pfp
Adrintđź”®
@adrintmannin
At the current ETH exchange rate, the Ethereum Foundation has funds for about 10 years, said Justin Drake, a researcher at the organization, during an AMA session on Reddit. The organization will soon release a financial report, according to which EF's main wallet holds $650 million in assets and some financial cushion in fiat terms, which he is “not very aware of.” The organization's current spending pace is $100 million per year, but ETH sales have been temporarily suspended “for regulatory reasons.” Previously, Vitalik Buterin stated that EF's budget strategy is to spend 15% of the remaining money each year.
0 reply
0 recast
17 reactions