Quarterly Credit Report: Second Quarter 2018
This quarter we moved no credits from cold storage. We spent 738,027 total community credits on line items detailed below. No operational credits were moved to markets. We sold 327,352 credits to a crypto education club. No institutional credits were moved or spent. We anticipate comparable or larger total outlays in Q3 2018. Operational spending may increase, but not significantly, and community spending is likely to be higher. We will continue to incentivize new users and other beneficial behavior, which is likely to involve 300,000 to 1,500,000+ LBC. LBRY is also likely to form it's first institutional partnership, with spending anticipated to be around 500,000 LBC.
Overview By Fund
738,027 credits were spent from the community fund, in the following areas:
|Bounties||48,606 LBRY Credits|
|User Engagement||275,000 LBRY Credits|
|Community Management||35,810 LBRY Credits|
|Technical Contributions||148,880 LBRY Credits|
|New Publishers||108,495 LBRY Credits|
|Acquisition||85,133 LBRY Credits|
|Testing||3103 LBRY Credits|
|LBRY.fund||33,333 LBRY Credits|
- LBRY sold no LBC on the open market
- LBRY sold 327,352 credits to a crypto education club.
LBRY does not anticipate moving credits to market this quarter due to both market conditions and our favorable cash position. However, should market conditions or our needs change, we reserve the right to move credits to market as needed.
No activity this quarter.
We may run our first institutional pilot programs this quarter. Any outlays from this fund this quarter will be minimal.