CryptoLions Disclosure & Update - Q4 2019
About this disclosure
Cryptolions has matured as an organization. Aside from producing blocks on multiple chains, we offer consulting, development, and IT services. Thus, the expenses listed below no longer reflect the cost of Block Production.
From 2020 onwards, we will stop publishing expenses and only disclose block producer rewards.
EOS Mainnet: Q4 saw a continued decline in our mainnet rewards. We even slipped out of paid position for six days in November (and for one day so far in Jan 2020).
Update
Despite declining mainnet rewards, we continue to grow, producing blocks on other chains, including EuropeChain, Lynx, WAX, Meet.One, and the Jungle Testnet. We've also begun selling services: testnet and chain launching, IT support, and Dapp development. And lastly, we've launched and improved our own products:
- The Jungle Testnet.
- Simple Assets standard for digital assets.
- Kolobok - a Simple Assets demo game.
- Prometheus - on-chain file storage. (coming very soon!)
Also, in Q4 were were awarded a $10,000 Bug Bounty from Block One for finding a pontential exploit (which they promptly addressed).
We are open for business, and would appreciate any referrals. Please contact roar@cryptolions.io .
Income
In Q4 2019, we received a total of 9653.2294 EOS, all from vote rewards. This is our worst quarter.
Expenses
| Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | |
|---|---|---|---|---|
| General Admin | 4829 | 6297 | 8349 | 3434 |
| Legal | 1865 | 0 | 2864 | 0 |
| IT & Web | 14549 | 21674.54 | 13609 | 20375 |
| Media and Outreach | 0 | 926.26 | 233 | 0 |
| Salaries | 92590 | 62991 | 53078 | 65544 |
| Sponsorships | 2610 | 884.28 | 0 | 0 |
| Travel | 454 | 3750.21 | 0 | 1975 |
| Projects - misc | 10524 | 9046.27 | 13205 | 0 |
| HR | 320 | 284.8 | 0 | 0 |
| Paid Proxies | n/a | n/a | n/a | 1279 |
| TOTAL: | 127,741 € | 103,260 € | 90,281 € | 105,5812 € |
We count the work of full time staff (five of us) as salary, though much of it goes in to Projects and IT.
We're enjoying the ride and we expect 2020 to be the best year yet!
🦁🦁🦁
CryptoLions is an EOS Block Producer based in Ukraine. We strive to make EOS more valuable by building projects that improve the ecosystem, by setting the standard for transparency and accountability, and by popularizing EOS all over the world.
website: http://cryptolions.io/
github: https://github.com/CryptoLions
telegram: https://t.me/CryptoLions_io
steemit: https://steemit.com/@cryptolions
twitter: https://twitter.com/EOS_CryptoLions
medium: https://medium.com/@cryptolions/
youtube: https://www.youtube.com/channel/UCB7F-KO0mmZ1yVBCq0_1gtA