The Foundation is a community operated project to support new players in the Splinterlands to get started, find a home when they feel lost with all the news and updates and get benefits like free card delegations. Join us as guest: https://discord.gg/TmKrz34sz3 (link deactivates after 50 invites).
networth: 1779$
being a project with a dozens of players comes with the price of paying a lot in rental and delegation fees. For this matter, our "credit starter" account holds 71% of our funds meaning most money we own is bounded in credits on our players accounts. Since making a profit with a huge number of accounts is our business model we will need this much credits to be operational.
Additionally 177$ are currently hold in SPS. We plan to keep these for now.
Our collection is completly financed by cards that our players have got in chests,currently 18% of our funds are locked in cards. We will sell these over the season if we need more liquidity to finance our heros.
sofar in this month had expenses of 3.195$ mainly the payouts to our team and our players and credit purchases and spellbook (400$) purchases for more accounts.
These two categories make up for the most of our expenses. Additionally, money that is locked in cards or SPS is counted as expense aswell (because it has left our budget) until we liquidate it again.
since we try to keep our finances as transparent as possible we share our investor situation aswell with each season. Right now two persons have a skin in the project as seen below. We plan to issue a dividend payment to investors to increase the support we can expect. Investing will only be avaiable to partners, players and teammembers.
