LBRYFoundation/lbry.com
1
0
Fork 0
mirror of https://github.com/LBRYFoundation/lbry.com.git synced 2025-08-31 01:11:25 +00:00
Code Issues Projects Releases Packages Wiki Activity Actions

Update 2020-Q1.md

Browse source 
updated for 7MM on USB sticks to creators
This commit is contained in:
Josh Finer 2020-06-02 12:21:58 -04:00 • committed by GitHub
parent cf09b51c4e
commit f9b35dd77c
No known key found for this signature in database
GPG key ID: 4AEE18F83AFDEB23
1 changed files with 3 additions and 2 deletions
Show stats Download patch file Download diff file Expand all files Collapse all files

5
content/credit-reports/2020-Q1.md
View file

@ -4,13 +4,13 @@ sheet: https://docs.google.com/spreadsheets/d/12_4RFTiEjV1RVdhOOPURa724ZSS8RDBxf
category: policy
---
## Summary
This quarter we moved 10MM operational, 20MM community credits, and 3MM institutional credits from master cold storage. We spent 16,026,383 total community credits on line items detailed below. 126,352 operational credits were used for the LBRY team member LBC purchase program. 3MM institutional credits were granted to lbry.org. We anticipate similar community outlays throughout 2020. Operational spending may increase at any time, but is not expected to increase significantly. Institutional spending could be substantial at any time, but would be expected to be coupled with sensible and sensitive distribution rules.
This quarter we moved 10MM operational, 23MM community credits, and 3MM institutional credits from master cold storage. We spent 16,026,383 total community credits on line items detailed below. 126,352 operational credits were used for the LBRY team member LBC purchase program. 3MM institutional credits were granted to lbry.org. We anticipate similar community outlays throughout 2020. Operational spending may increase at any time, but is not expected to increase significantly. Institutional spending could be substantial at any time, but would be expected to be coupled with sensible and sensitive distribution rules.
## Overview By Fund
### Community Fund
16,026,383 credits were spent from the community fund, in the following areas:
23,026,383 credits were spent from the community fund, in the following areas:
| Category | Amount |
|---|---|
@ -22,6 +22,7 @@ This quarter we moved 10MM operational, 20MM community credits, and 3MM institut
| Testing | 100 |
| Swarm | 664,000 |
| LBRY funds staked | 4,115,000 |
| Special Creator USB Sticks | 7,000,000 |
As interest has been increasing, we anticipate continuing to reward new users, YouTube channel owners, community contributions, and other beneficial activities.