Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
by
lestherat
on 27/09/2019, 03:02:18 UTC
The Lisk Foundation is liquidating its assets in an on-going strategy to provide enough liquidity for the projects expenses. Currently, they are following the rule to have enough fiat to cover 12 months of expenses.

In the month of July, Lisk 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

They liquidated them into:

    1.026.612,11 CHF in July
    1.770.977,32 CHF in August

This totaled at 2.797.721,90 CHF.

To sustain 12 months in FIAT, we are looking to further liquidate some of our crypto assets. We will liquidate all remaining 4000 BCH, and enough BTC to sustain approximately 12 months again.

They spend 934,910.52 CHF in August for expenses like Development, Marketing, Bounties and operations, so right now they have the CHF to cover almost 4 months, not counting other currencies.


By the way, Lisk foundation should buy Bitcoin right now, and not liquidating crypto assets.

If big players of crypto are liquidating at this price, near future is not looking good for us  Cry



This is the Total Assets Held by the Lisk Foundation