This article was first published on Lisk Blog - Medium
Financial Update — August 2019
Transparency was always at the core of what Lisk does. Between regular Development Updates and responsive community engagement, we want to keep you in the loop about everything going on behind the scenes at the Lisk Foundation. Starting with the month of August, we are excited to bring back regular Financial Updates.
The Financial Updates will be published on the second Thursday of the following month. They will help you gain insight into the Foundation’s current financial health with a breakdown of total assets held, expenses and portfolio changes had during the previous month. The Lisk Foundation is registered in Zug, Switzerland — because of this, all financial reports are created in Swiss Francs (CHF). You can find the most up-to-date conversions here.
Total Assets Held by the Lisk Foundation
In this section, you can check up on all fiat currency and cryptocurrency assets currently in possession of the foundation. We will also use this part of the update to let you know about any major changes in our portfolio.
Crypto Asset Liquidation in August
The Lisk Foundation is liquidating its assets in an on-going strategy to provide enough liquidity for the projects expenses. Currently, we are following the rule to have enough fiat to cover 12 months of expenses.
In the month of July, we have deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:
- 4.488,71406161 BCH on July 5th
- 8.488,69406759 BSV on July 5th
- 8.488,6940663 BTG on July 10th
- 84.886,9406727 BCD on July 10th
We liquidated them into:
- 1.026.612,11 CHF in July
To keep reading, please go to the original article at:
Lisk Blog - Medium