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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

Community Fund

738,027 Credits were spent from the community fund, in the following areas:

Category Amount
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 33,333 LBRY Credits

Operational Fund

  • 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.

Institutional Fund

No activity this quarter.

We may run our first institutional pilot programs this quarter. Any outlays from this fund this quarter will be minimal.