Since the creation of the Peercoin Foundation in 2018 we are aiming at the utmost transparency of operation. Foundation’s funding is public since day one.
The following financial report details all the Peercoin Foundation’s expenses, donations, and conversions (asset management) for the year 2022. The report contains transaction details for all of the Foundation’s addresses and accounts, including Peercoin, Bitcoin, USDC address, and EUR with Open Collective.
The “Jaarstukken” document is produced by an official accountant. This is an official document which Foundation does in order to make the regulators happy.
If you want a more easy-to-read document, use the “Peercoin Foundation Transaction List” document.
Thank you for the comprehensive and transparent accounts.
Regarding the $209,000 stored in USDC, this stablecoin lost its peg for a few days following the insolvency of Silicon Valley Bank. Is there an alternative? Tether has its own lack-of-collateral issues, and Binance was recently issued with a forewarning of legal action, which may affect its BUSD coin. I’m not sure what to suggest, except spreading the risk by sharing the fund between USDC and Tether and/or BUSD?
I don’t see any income from peercoin minting, does the Foundation mint its own PPC holding?
Regarding the link to the present 2023 BTC funds, is the 15 BTC deposit on 8th February 2023 a fresh donation? High encouraging, if it is.
Thanks for the clarification. It’s good to see the skills and commitment of Peercoin’s lead developers being properly renumerated. And it’s especially pleasing to see Sentinel’s honorarium after years of dedication to the Peercoin cause.
