Re: ANN - LEOcoin - Official LEOcoin thread (moderated by LEOcoin Foundation)
Dear LeoCoin Foundation,
I have a question about the work of the Leocoin Foundation:
Mihir Magudia certified that the LCF did not spend any money at all in 2016 and 2017.
I don't understand that. I was under the impression that the LCF finances the development of Leocoin, organizes events etc.
Could you shed some light on that?
Thank you.
I have a question about the work of the Leocoin Foundation:
Mihir Magudia certified that the LCF did not spend any money at all in 2016 and 2017.
I don't understand that. I was under the impression that the LCF finances the development of Leocoin, organizes events etc.
Could you shed some light on that?
Thank you.
Well, I will ask Mihir in this regard, as I am involved with community management and not with finances.
But, iff (if and only if) Mihir Magudia did certify, that the LCF did not spend any money at all in 2016 and 2017, then, your impression that the LCF finances the development of Leocoin was obviously false.
On the website, the Foundation does state, that the "LEOcoin Foundation is ... the guardian of LEOcoin and the architect behind the development ...". We strive to fulfill that duty. As our funds - as a not-for-profit social enterprise - are limited, in order to do so, we strongly depend on gifts and we gladly embrace the support of third parties when, e.g. an event is organized. Good for us, is that - for the most of it - thinking, presenting, representing and brainstorming is for free ...
As Foundation, we are very happy, with what has been achieved over the last few months and we sure do hope, that it will be of benefit to all LEOcoin holders.