A recap of what has been going on with Aragon during Q3 2017
As per our Transparency Model, we do quarterly Transparency Reports of our use of funds and about the overall progress of the project.
This is our main transparency tool which shows our use of funds with human readable descriptions attached to each transaction.
July: 242.32 ETH, equivalent of about $50,446
August: 112.75 ETH, equivalent of $44,310.75 and 4,620.46 ANT, equivalent of $13,233.73 as well as 24.04 ETH, equivalent of $9,447.72 was paid to a contractor.
This also includes reimbursements to team members from expenses that incurred during our first offsite where we all got together for a week to work on Aragon. Around 7.57 ETH, or $1,800 were used in fiat during the offsite for commodities such as food etc.
September: 112.86 ETH, equivalent of about $29,676 and 4,315.57 ANT, equivalent of about $7,263
66.00 ETH, equivalent of $20,000
We wanted to sponsor the Ethereum Foundations yearly Developer Conference as an ecosystem sponsor to help make this great event a reality.
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226.84 ETH, equivalent of around $40,124 and 2,356.02 ANT equivalent of around $4,500
These include business expenses, payments to our PR agency, legal services, logistics and things for the offsite. Included are also things like work equipment to team members, new laptops, office equipment etc. which are essential for us to work effectively since we're a fully distributed team, each working from a different location.
We began buying our tokens back a couple weeks after the token sale had closed. The Aragon Foundation has kept occasionally buying more tokens since then.
ANT is a great tool for us to incentivize contributors. Having a wide, varied community of contributors from different backgrounds is important.
More details and reasoning behind the decision to do these can be found in our Token Buyback Transparency Report.
3,000 ETH, split into several smaller transactions
500 ETH, equivalent of $146,500, done in two parts of 250 ETH
Dev Meetings are deprecated and have been integrated into HQ Meetings after the first two
You can find more details about the development progress in our Aragon Q3 Development Update blog post.
Our Development Plan, which also acts as our roadmap, was updated to version 1.2 in order to reflect recent changes. More info about that and other development related documentation can be found in the Aragon Wiki.