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Financial Update for January 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.

In January the Lisk Foundation received 867.987,57 EUR from the Lightcurve GmbH which was still an open receivable from 2018. Approximately 950.000,00 EUR of open receivables are still outstanding and will be transferred back to the Lisk Foundation this February.

Additionally, in January the Lisk Foundation invested 1.000.000 CHF into a fund managed by one of the banks the Lisk Foundation has a bank account at.

Total Expenditures for the Month of January

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:

Development

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.

Marketing

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.

Operations

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.

Disclaimer: The information contained in the monthly Financial Updates is primarily of informational value. Minor differences from their actual state may occur due to different moments of booking of certain inflows and expenses, as well as their possible subsequent corrections. Thus, this information cannot serve as an accurate reference point to the exact state of finances of the Lisk Foundation and the costs associated with developing the Lisk Project.

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