Community Get LBRY Use LBRY on your computer or phone Frequently Asked Questions Got questions? We probably have answers! News The latest from the LBRY team and community Chat Talk with LBRY fans and team members, right now Blockchain Explorer Lookup transactions and claims on the LBRY blockchain Creators Publish to LBRY Make your content available to everyone using LBRY YouTube Partner Program Sync your content instantly and start earning Creator Questions Frequently asked questions and answers for creators lbry.fund Content Funding Get support for your latest creation Company The Team Meet the people building LBRY and why they're doing it Contact Have a question or want to connect with the LBRY, Inc. team? Credit Reports Quarterly reports on LBRY's funds Developers LBRY.tech Find a technical overview, specification, APIs, and more The Spec Read a formal technical description of how LBRY works GitHub All LBRY code is public and open-source Contributor's Guide Become a contributor to the LBRY project Search Menu Download

Quarterly Credit Report: Fourth Quarter 2018

Summary

This quarter we moved 118,635 operational and 240,000 institutional credits from cold storage. We spent 1,084,796 total community credits on line items detailed below. 118,635 operational credits were used for the LBRY employee LBC purchase program. 100,000 institutional credits were spent from the institutional fund as a second payment of a new media partnership. We anticipate comparable or larger total outlays in Q1 2019. Operational spending may increase, but not significantly. Community spending is likely to be comparable or higher. We will continue to incentivize new users and other beneficial behavior, which is likely to involve 1,000,000+ LBC from our community fund. Institutional spending is expected to be less than 1,000,000 LBC.

Overview By Fund

Community Fund

1,084,796 credits were spent from the community fund, in the following areas:

Category Amount
Bounties 176,550
User Engagement 210,000
Community Engagement 177,000
Publishing 16,410
Acquisition 189,043
Testing 4,241
LBRY.fund 311,552

As reliability and interest has been increasing, we anticipate continuing to reward new users, community contributions, and other beneficial activity. This is likely to represent no more than 1-2 million LBC.

Operational Fund

  • LBRY sold no LBC on the open market
  • LBRY issued 118,635 LBC to employees

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.

Institutional Fund

  • 100,000 LBC re-issued for a 3Q transaction sent from the wrong fund
  • 140,000 LBC issued for our media partnership with Anti-Media