Ethereum update: Reserves and burn rate of ETH foundation
– current reserves of the ETH foundation is about 11 mil USD
– total employee count of the foundation is 70
– burn rate for paying its employees is 7mil USD per annum at 100k per employee
ETH foundation can sustain itself for another 1.5 years or so.
Is my guestimation right? I read a couple of posts in this sub before coming up with these numbers, so I could be way off… Haha
So here are the updated numbers
– Reserves: [140 mil USD](https://www.reddit.com/r/ethereum/comments/9vbx9p/reserves_and_burn_rate_of_eth_foundation/)
– Burn rate: 7 mil USD pa?
– Sustains: 20 years?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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