# Kiwi distributes its treasury

Source: https://paragraph.xyz/@kiwi-daily/kiwi-treasury-distrbution
Kiwi News: https://news.kiwistand.com/stories/Kiwi-distributes-its-treasury?index=0x64c941400b491677b2db23f0d312cda31cbb240d28b50a6cf9058d469f2be4e2115d6dd7
Submitted by macbudkowski.eth on 2023-08-01 UTC, 5 upvotes, 0 comments

## Summary

Kiwi has decided to distribute almost all of its treasury, which came from NFT mint revenue, the one-time Purple Retroactive Grant, and a one-time Ethereum Foundation Impact Gift from EF employee Rose. In total these amount to 2.78521 ETH and 2000 USDC, with a large part going to the team, which has worked on Kiwi full-time for the last few months, and the rest shared with the community based on tangible contributions. Tim received 2000 USDC plus 0.91 ETH, which the post says adds up to about 2 ETH at current prices, while Mac received his share as 1 ETH already held in his wallet from the Purple Grant. Caroline had already received 0.05 ETH earlier and was not included in this transaction.

## Article

Today we decided to put Kiwi treasury to work.

So far, Kiwi had 3 streams of cash.

The first one is revenue from the NFT mints.

The second one is the one-time Purple Retroactive Grant.

The third one is the one-time Ethereum Foundation Impact Gift from EF employee - Rose.

All in all, they all add up to 2.78521 ETH and 2000 USDC.

We are going to share almost all of it.

A big part will go to ourselves since we've been working on Kiwi full-time for the last few months. But we also want to share part of it with the community.

Most of you probably haven't expected any money. And, of course, the amounts we will share aren't life-changing. But this is how much we got. If we got more, we would share more.

Hopefully, in the next few months, we will grow Kiwi to the point where contributors - instead of getting pocket money - can receive substantial sums.

This is the distribution we prepared based on projects delivered for Kiwi:

We'd love to be able to share some ETH with everyone who helped us, shared a piece of advice, and provided feedback. But it's tough to track these contributions objectively, so for now, we decided to rely only on tangible contributions.

If you want to track tx, where we shared these funds, here's the link: https://etherscan.io/tx/0xe89436ed02163e15aa8669ae40acaef5b2edf2bac0e964735204a7a3d0f87d45

And this is it! We can't promise more rewards, but we'd do our best to make our treasury grow and distribute it efficiently!

And if you are a Kiwi holder and want to get involved more, please reach out on our Kiwi Holders Channel!

PS: If you were wondering why Tim gets much more than Mac, it's because he started working on the protocol in February, and Mac joined in April.

PS2: Tim got $2000 + 0.91ETH since - by current ETH prices - it adds up to 2 ETH. We didn't want to convert USDC to ETH before the transfer (gas fees…).

PS3: Mac received Purple Grant 1 ETH in his wallet, so he just kept it instead of sending it to multi-sig and back (gas fees…).

PS4: Caroline already got her 0.05ETH before so we haven't sent it as part of this transaction.