Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
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
This is the Total Assets Held by the Lisk Foundation
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
This is the Total Assets Held by the Lisk Foundation
As you can see above this liquidation is all about keeping their nice jobs as coders....why pesky work for someone else...when you can liquidate LISK and get another year
of self-employment as coders out of this LISK project. So naw, they will drain this to the bone before having to work for someone else again. Long term planning like
buying Bitcoin and other such is not as sure a thing as funding your project 1 year into the future. IF no future arrives that works and LISK dies..hell, at least you had a
few years of trying to be independent and then you go off and work as a coder someplace else. The way they manage is all about status quo..the only risk the devs ever had
was the original ICO and they have made plenty of BTC off that by now to do as they please. Human nature the above hedge is.
You are right, with the fiat funds and the crypto assets they have, Lisk foundation can survive the next 3-4 years without the need to do something else, our only concern
is if they gonna liquidated the 7 million Lisk coins they own in reserve, i hope Mark still in love with Lisk in a few years
.By the way, i had to restore my laptop and i lose the txt file with my passphrases, i found a paper with the words written and only the first one works, but the second passphrase
is not working, i think i wrote bad the second one, so my question is, there is no hope to recover that funds right ?
Friendly advice, dont trust in nobody, even in yourself
