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32 lines
1.5 KiB
Markdown
32 lines
1.5 KiB
Markdown
---
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title: "Quarterly Credit Report: Second Quarter 2016"
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sheet: https://docs.google.com/spreadsheets/d/1r7puheE4Ut4c08R47uCDZbDdMHAoQa0WDqw470gjMIw/edit#gid=0
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category: policy
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---
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## Summary
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This is LBRY's first quarterly report. We enter with zero Credits expended. We anticipate zero institutional expenditures, zero or limited organizational expenditures, and light community expenditures.
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## Overview By Fund
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### Community Fund
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Currently, we are engaging in the following programs:
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- 3-20 LBC for users invited to participate in the beta. This program is expected to continue well throughout this quarter.
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- 1-5 LBC for referrals. This program is expected to continue in parallel with above.
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- Up to 2,000 LBC for certain publishers to join LBRY. This program is new and experimental, and is subject to revision.
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- A [bounty program](/bounty) with rewards varying from small rewards to 10,000+ LBC. This program is new and experimental.
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- Tipping on our community chat for user contribution and participation. This program is expected to continue.
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We have allocated approximately 2,000,000 LBC across these categories, but do not anticipate actually awarding this much.
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### Operational Fund
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We anticipate most expenses continuing to be met via existing assets.
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Depending on fundraising over the next 3 months, we may entertain private placements via structures that align with the long-term interest in LBRY and minimize market impact.
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### Institutional Fund
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We anticipate zero expenditures from this fund this quarter.
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