Financial Report — March 2017With the successful establishment of the
Lisk Foundation in Zug, we are publishing Financial Reports on a monthly basis. This month the Financial Report also covers the first quarter of 2017.
As of the 26th April 2017 at 12pm CEST, the Lisk Foundation controls the following fiat and cryptocurrency assets for on-going operations and long-term storage:
1,072,401.79 CHF
365,768.94 EUR
299,949.77 USD
9,992.30838103 BTC 4,369,229.69895737 LSK 25,411,425,528,181 bytesTotalling: ~21,750,324 CHF (subject to volatile markets)
Additionally, the Lisk Foundation holds the following assets for bounties and advisers:
3,868,044.77211678 LSK (Bounties)
761,745.87898046 LSK (Advisers)
Currency conversionsThe Lisk Foundation is handling multiple currencies such as CHF, EUR, USD and various cryptocurrencies.
The accounting and our financial reports are all done in CHF.
In March 2017 the Lisk Foundation exchanged 939.8 BTC for the following currencies:
14. March — BTC>EUR: 250,000 EUR
14. March — BTC>USD: 299,949.77 USD
14. March — BTC>CHF: 532,376.60 CHF
BountiesIn March of 2017 the Lisk Foundation
awarded outstanding community members with approximately 58,000 LSK as bounty rewards for their excellent contributions or collaborations to the Lisk Ecosystem.
Monthly ExpendituresIn March 2017 the Lisk Foundation spent approximately 51,354.70 CHF for all operations. Below you can find an approximate breakdown of the expenses for March. Please note, payments to the lightcurve GmbH are being executed every quarter only.
PR: 7,007 CHF
Strategy, UI/UX design: 44,189.70 CHF
Hardware: 158 CHF
Quarterly ExpendituresThe Lisk Foundation is in a contractual agreement of quarterly invoices with the lightcurve GmbH. March concludes the first quarter of 2017 what allows us to give an overview of the costs. Please note, the pre-payment of 213,610 CHF conducted in January to the lightcurve GmbH will be paid back to the Lisk Foundation later this year.
lightcurve GmbH: 340,719 CHF (out of this 16,026 CHF are service expenses for business trips, conference tickets, servers and software)
Additionally, you can find a break down of the single months below:
January: 27,562.4 CHF (without the pre-payment to lightcurve)
February: 19,832.20 CHF
March: 51,354.70 CHF
Totalling Q1: 439,468.30 CHF
The financial reports are published with a delay to give more accurate data.
Not included are: Taxes, exchange fees, smaller expenses throughout the year, dust and random payments to our cryptocurrency wallets. The given numbers are only an approximation.Poloniex LSK closing price, 25th April: 0.00031911 BTC/LSK
Coinbase BTC closing price, 25th April: $1,263.26
LSK closing price, 25th April: $0.4031
Original blog article