- Electric Coin Company, the central company behind the development of Zcash, has been operating at a deficit, spending about $880,000 per month during the second half of 2018
- Due to operating at a deficit and market uncertainty, a dilution was put in place in June where additional funds were allocated to the company to ensure its ability to operate
- We estimate that the total founders reward to date, 1,422,843 ZEC, could have generated approximately $245,041,994 if it was sold on the corresponding days it was received, $179,633,804 based on the historical median price of Zcash, or $253,948,840 based on its historical average price
With all the attention that has been brought to Zcash, Electric Coin Company, and the possibility of an extension to the founders reward, we will examine the founders reward and estimate approximately how much capital has been brought in to date for each recipient.
Electric Coin Company, the central company behind the development of Zcash, has been operating at a deficit, spending about $880k per month for during the second half of 2018 ($700,000 for monthly expenses and an additional $180,000 as additional compensation to employees) and plans to increase its operating expenses to approximately $1.1 million per month.