December 2018 Accounts
It’s the end of a hard year for the project and cryptocurrency in general. Valuations have dropped a lot as the bear market continues to cause problems throughout the industry. We are taking measures to reduce costs and ensure that the project continues to develop and we are given the opportunity to keep building. Hopefully the new year will bring a turn of fortunes in the markets and the hard work and commitments from our supporters will be rewarded.
It’s also a time to be pro-active and release the components of the JSE ecosystem that will build demand on exchanges as quickly as possible. The lack of investors due to the bear market has shown the need to generate real utility at volume for the JSE token.
We liquidated some ETH to cover costs this month which brings the mulitsig wallet balance down to 285 ETH. Ref. https://etherscan.io/address/0xc880f4143950bfb27ed021793991f35466b99201
With markets low we want to keep the liquidations to a bare minimum for the foreseeable future. For this reason we will be taking further steps to reduce costs for January.
Token Price @ 31st December 2018 $0.001247
Market Cap @ 31st December 2018 $553,006
|Year to date|
|Sale of cryptocurrency||24702|
|Direct income expenses|
|Repairs and renewals||0|
|Stationery, Printing & Postage||779|
|Travel & Business Entertainment||2102|
|Paypal and Bank Charges||48|
|Currency Exchange variation||874|
|Legal and accountancy fees||1145|
|Plant & Machinery||$0|
|Bank Account 1||$4,487|
|Bank Account 2||-$9,606|
|Net Current Assets||-$10,639|
|Creditors after one year|
|Long Term Loan||$0|
|Capital & Reserves|
|Profit & Loss||$17,852|