[SFHL] Financial Report 2016-10-12

bacchist(69)
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This is a quick update of the financial status of SFHL.

We have raised 162.056 SBD of liquid rewards. This represents both SBD rewards and STEEM rewards which I have used to purchase SBD in order to preserve the value of the prize pool.

In addition to the liquid funds, we have 417.190 SP. My original intent was to begin powering down some time later in the season, in time to have the STEEM in hand by the end of the year. I have made the decision to power down immediately and purchase SBD with the STEEM. This will insulate somewhat from declines in the market value of STEEM.

Our week 1 preview post generated 29.625 SBD, half of which will go to winning managers for week 1. This equates to 2.469 SBD prizes for each player that wins their week 1 match up. The remaining funds will be dispersed to users who correctly guessed the winners.

Good luck.

[SFHL] Financial Report 2016-10-12 | Ecency