ETH Foundation AMA: EF spends about $100 million annually, with a funding reserve of about ten years.

robot
Abstract generation in progress

Odaily Planet Daily News ETH Foundation Justin Drake answered the question in AMA, ‘How many years or months will it take for the ETH Foundation’s current funds to run out?’ Justin Drake said, ‘The financial report of the ETH Foundation (EF) will be released soon. EF spends about $100 million per year. At the current price, the main ETH wallet of EF is worth about $650 million. EF also has a reserve of Fiat Currency, which can cover several years of operating funds. This is the least part I know. As mentioned by Aya, due to regulatory reasons, the sale of ETH has been temporarily suspended, so the reserve has only recently been replenished. Roughly estimated, the foundation has about 10 years of funds reserves. This fund reserve will change due to the fluctuation of ETH prices.’

ETH-2.73%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)