After Relaunch #2: Financial Overview

by admin · Published February 22, 2018 · Updated February 22, 2018

During the Relaunch event Max Kordek presented the updated financial overview of the Lisk Foundation. More than 14.000 BTC were raised in 2016 during the ICO phase, putting Lisk fundraising as the second most successful cryptocurrency crowd-fund till that moment.

Nowadays the Foundation owns more than 8400 BTC (~ $86M) and the same amount of the related forks (Bitcoin Gold and Bitcoin Cash), that worths ~$11M. The LSK stake worths more than $195M and it represents 65% of the total assets. The Fiat deposits (USD, EUR, CHF) are a very small portion of their holdings, with less than $2M held in local currencies. The sum of these assets puts the current Lisk Foundation holdings to far over 300 million CHF.

Regaring the costs overview, in 2017 the Foundation spent 5 Million CHF entirely on the development of the project and their current projections estimate for the 2018 a total expense equals to 25 million CHF due to the huge growth of the team. In the next 2 years they estimate an exponential growth, reaching 80 million CHF in 2020.