Dear Stakeholders,
100,000,999 ECA pre-mine (10% of remaining) has been converted to BTC for risk management purposes. Minor diversification is important at this stage and will allow for continued growth of the Electra project during undesirable market conditions.
I will consider buying back the amount that was sold if there is major opposition to this conversion.
hello,
i have a question in regards the eca who was converted to btc. How will this btc used to benefit the project? maybe for listing fees or at least for marketing?
greetings
Half of the ECA sold has already been bought back as I mentioned before. The remainder will stay hedged for the long term. This conversion was not done to immediately spend it all. It was done so there is a reserve from other sources if needed. The reserve will eventually prioritize funding technical development rather than marketing or exchange fees. When spent on Electra, the stakeholders will be notified.
I don't see the electra bought back on the premine addresses.
Is it planned to pay the developers and the electra team for the last update (BIP130 BIP68, mobile wallet)? Because for the moment you never announced paying for anything and the team did it on their own.
Also can we know the exact amounts of the "diversified" reserve (excluding eca)?
Thank you, we need transparency and regular updates on the amounts / adress wallets
I also wanted to know what you are working on in concrete terms at the moment, because I only see technical updates from the foundation and the team and never from you.
These were the addresses transfers were made to:
EUYq2vCWbYZHgP9QDtBNsycemqwr6pQeD1
EKVGsCMioi7GcsH4ySDp82arjEWe7x8eJz
These are the addresses showing the current balance:
[
[
[
"EVV4hYtiiPy6axtDMHqtcP46GyBFGKkmvu",
0.00000000
],
[
"ENGUxviXUSC8jQLMHcL1B6hhNZ1Es8BQAY",
6380915.68175268
],
[
"EezXAXNPkmeyvRgctQkBpwR2ax1ik7asEX",
0.00000000
],
[
"EHb1zE7yaozWqZZSuZvSiGj8CugJxEbyAs",
402.94823677
],
[
"EffK9U5x5iUDGMGU8nAwKiEv6xNaj7Wm6Z",
0.10830133
],
[
"EfW1cznfN4o6V4g331ga8Yft31MhRioY2G",
0.00000000
],
[
"EeqrSXW1qiXtZvCTYAjqMCWLJSVosoRzFN",
0.00000000
],
[
"EYZ4YsCrA92GG2hSkoACRkfdncqh1y69Zs",
0.05504708
],
[
"EbVAf6zUp4urUft2FZsNLPgNj8VcuKcxGR",
0.03171374
],
[
"EMvmA2phcsYQKe18MSXVEWPJr2HzbnqwpZ",
0.00000000
],
[
"EY9CpGPHzoW5j1eB4C51Fsdr88dAgMfaso",
334.62943049
],
[
"ERCLTG4MsbMg11ZqWopqkM2z3BmvFYNN7b",
0.00000000
],
[
"EPu2GsNwEahSsu1kMYsQwDYmRfJVRPXLsu",
0.00000000
],
[
"EdJHv4cfhvo1TRYnxunwh8e34jCfL2HL3S",
0.00000000
],
[
"EJEnKKVhBH8p2zaEBXHoLM7hoCkcWvYwSa",
0.00000000
],
[
"EVggmyfsA7krt7XsCYyh5DVe5JxDbVs5cZ",
572503827.52336169
],
[
"EdRvKYBid4McVydBJLLSvdALmA7Y19MQZS",
0.00000000
],
[
"EdSa79GugohczTPwyyavbkcYLSrhDky7JA",
262.48523340
],
[
"ENJc5UmLhpyrge7bxDoXjHTjv7DNzBx8sN",
0.00000000,
"test"
],
[
"ERt2cqExYsae34cLvJj5Mn6cKcVmdtqsaa",
0.00000000
],
[
"ELC3NzX16Jy7gSf5Tk36uTXKaUmgXtfPeq",
0.00000000
],
[
"EP3Ukfr1bUp4JsP5fgWHTT5z3GDqN49sKk",
0.00000000
],
[
"EZcMFUccGBMgn2XayQLehziY9rJ9uYZThJ",
0.00000000
],
[
"ETrdKuA6c5fd2SVEdQ9eTipi7viU9BXM8x",
0.01278477
],
[
"EVU3sVPDV3dtCU26pFnWJkd25gjhTUpyHJ",
0.00000000
],
[
"EW4yvbdrSh3GBzpEGhd7PMWQNtbje1A9Gp",
0.00000000
],
[
"EMm6buoPUDXRyHFDo4EayXiTc7vk6BuSW2",
0.00000000
],
[
"EJXiQYb5tYjVdn8erLT92F6D5ZmCG2ZCvZ",
277495398.67974341,
""
],
[
"EcV7gwsm5YhiKutEMfKwD7XYXGAcckPKcp",
0.00000000
],
[
"EfDsBrC4wEbFGmiRskB4bhYMM8fzv3fGtc",
0.00000000
],
[
"EaTjnXZXAcfE4hT7zLrh6JvtYf8W77Eiuq",
0.00000000
],
[
"EWqKevd4icpimY9KCXA9VNeHrkdtUaHNkb",
0.00000000
],
[
"ESwWWMxMNe87B5vLZponfNbpQnsgNVKCWr",
0.00000000
],
[
"EW19qphNhjpGPuti6KMsKJLi3APDoSDEq8",
0.00000000
],
[
"EXHGXEmPQzYEpYfxtVwGvdaAWsoX2qvCPV",
0.00000000
],
[
"EWbW2VfDCo1khpYnmLN7CM1bBmVnfNhauM",
0.00000000
],
[
"ERRMTYFuhnRqdaqVewLtfftnuiZxmDkYQL",
0.00000000
],
[
"EVBuSdwYva6CEVfKLZ2kvhx4d42UGR2BXn",
0.00000000
],
[
"EMpfCZtJxXxzBRzh8m1MJyxcsp15nyBzvE",
0.00000000
],
[
"Ea5Ld5YgafyKEsRo7Dp22Pzr66e4AJcojw",
0.00000000
],
[
"EaRKTiLmuyXtQvnoADT5i7sFApim2bQCYM",
0.00000000
],
[
"EMsGV9hJGbwS4gzHDGHfSKFAcsd5GmWNF4",
0.00000000
],
[
"EXhJi8VpzTMxUGSVc382xp5RphhgodvK9R",
0.00000000
],
[
"EP7ruYBTaTdomdbC9naHmqXwXWtr8wLMNW",
0.00000000
],
[
"EY2nZtPtgZePdT2abQz1dC3iJxCrB6iczZ",
0.00000000
],
[
"EULsnZewta3h4DahYXZRsXiFkdhSyNgES3",
0.00000000
],
[
"EJDBdfYF5CmB19ssNFvHpE2zJQcKKVC1G6",
0.01164875
],
[
"EHDwJ991LsMAJBK6DTNCLmtekEXuASoaa6",
0.00000000
]
],
[
[
"EKVGsCMioi7GcsH4ySDp82arjEWe7x8eJz",
10000.00000000,
""
]
],
[
[
"EUYq2vCWbYZHgP9QDtBNsycemqwr6pQeD1",
18034809.17210000,
""
]
]
]
Around 2.64 BTC went into the ECA buyback. 1 BTC each for Zcash, ETH, Golem, Civic. Rest is in BTC. Nothing has been spent.
There will be about 29 million not included in the total balance. That is in Cryptopia and they were unable to transfer it after announcing the buyback. This amount will be added after they finish their liquidation.
