Financial Update for May 2020
Every month the Lisk Foundation provides a financial report in which monthly expenditures are transparently broken down into different categories.
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 May
The Lisk Foundation liquidates its assets in order to have enough fiat to cover 12 months of expenses. In the month of May, 100 BTC were transferred to Bitcoin Suisse AG to liquidate them into EUR. In May there were 40,77848898 BTC sold for 352.570,44 EUR. In June the remaining 59,22151102 will be liquidated, an update will be given in the Financial Update for June 2020 next month.
Total Expenditures for the Month of May
In the expenditures section of the Financial Update, you can see how much the Foundation has spent on various aspects of Lisk’s growth. For your convenience, we have divided this section into four areas:
By far the biggest area of expenditure by the Lisk Foundation, this encompasses everything spent on the research, development, and design of Lisk Core, SDK, Desktop, Mobile and Explorer.
This key area of growth for Lisk includes not only traditional marketing like public relations, or performance, but extends to everything spent on business development, event management, creative design and developer relations.
Bounties & Sponsorships
The stronger the Lisk community, the stronger our blockchain is going to be. Under this area of expenditure we outline all money spent on bug bounties, supporting proof-of-concept blockchain applications built with the Lisk SDK, or joint efforts with community members like the Lisk Center in Utrecht.
Here, we mention all expenses needed in the day-to-day running of the Lisk Foundation, such as salaries, office costs, or administrative contractors dealing with accounting or legal compliance.