Author: Tracey Howard

Website Cryptocurrency Mining

November 2018 Accounts

The value of our Ethereum holdings has taken a really big hit this month. Currently at time of writing ETH is at $103 USD. Which means the projects holdings are reduced to $34,921 USD ref. This means we will be taking action to reduce costs to a bare minimum over the next couple of months.…
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December 6, 2018 0

October 2018 Accounts

October was the final month of the ICO and we closed at 551 ETH received at a valuation at close ($193.96) of $106,871.96 The remainder of these funds is being held in the multi-signature wallet here: https://etherscan.io/address/0xc880f4143950bfb27ed021793991f35466b99201 Currently holding 389.1 ETH valued at $82,343 (difference is due to ETH costs, exchange listing fees). We will…
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November 10, 2018 0

September 2018 Accounts

Accounts for September. We had 128 ETH contributed to the ICO in September. The ICO closed at 551 ETH 44,790,780 JSE, the final figures will be displayed in Octobers accounts. Marketing spend and travel expenses were up because of the shows in London this month. This included some products like the backboard and promotional desk…
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October 24, 2018 0

August 2018 Accounts

It’s  been a tough month in the cryptocurrency markets and we’ve seen our holdings in ETH drop as the price reaches a low below $200 today. We have cut back on Marketing and PR expenses as investor sentiment is making it hard to find traffic that converts providing good ROI on ad spend. Contributions for…
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September 9, 2018 0

May 2018 Accounts

We are now one month away from the ICO and we have detailed our budget to the end of July along with the monthly accounts. The spend allocation is really only a rough guide at this point as this will likely change between now and the ICO. Cash flow forecast for start of ICO Accounts…
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June 13, 2018 0

April 2018 Accounts

Here are the accounts for April, crypto markets bounced back a bit which offset our costs. Server costs are reduced further to just $647 USD, these are likely to grow during the ICO due to increased volume and data transfer costs but we have optimized it as far as we can. Accountancy fees are $175/month…
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May 5, 2018 0

March 2018 Accounts

March accounts are live. It’s been a tough month as our holdings in ETH/BTC took a big hit from the market downturn. Although the price of Bitcoin is still above what it was this time last year, market sentiment is nothing like what it was in December and the value to USD has dropped significantly…
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April 7, 2018 0