Financial Report — February 2017

With the successful establishment of the Lisk Foundation in Zug, we are publishing Financial Reports on a monthly basis.

As of the 3rd April 2017 at 6pm CEST, the Lisk Foundation controls the following fiat and cryptocurrency assets for on-going operations and long-term storage:

• 1,104,596.29 CHF
• 726,265.96 EUR
• 299,949.77 USD
• 9,992.30838103 BTC
• 4,369,229.69895737 LSK
• 22,533,551,140,334 bytes

Additionally, the Lisk Foundation holds the following assets for bounties and advisers:

• 3,868,044.77211678 LSK (Bounties)
• 761,745.87898046 LSK (Advisers)

Currency conversions
The 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 February 2017 the Lisk Foundation exchanged the following currencies:

• 16. February — BTC>CHF: 502,917.39 CHF
• 24. February — BTC>EUR: 517,653.10 EUR

Expenditures
In February 2017 the Lisk Foundation spent approximately 19,832.20 CHF for all operations. Below you can find an approximate breakdown of the expenses for February. Please note, payments to the lightcurve GmbH are being executed only at the beginning of a quarter.

• PR: 7,007 CHF
• Legal: 10,905.20 CHF
• Conferences & Meetups: 1,920 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, 2nd April: 0.00024648 BTC/LSK
Coinbase BTC closing price, 2nd April: $1,093.52
LSK closing price, 2nd April: $0.2695308

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