It’s the start of a new financial year for the company. We have a lot going on with advertising and press releases because of the ICO. Ethereum has crashed down to $260 USD / ETH which is a shame but we expect this to only be a temporary issue. The platform reached 100,000 registered users earlier this week which is a huge achievement for everyone that works on the project. In the accounts the tokens contributed during the ICO will only show on the books once used or traded for fiat. We have declared the total ETH received each month as well and you can also track this via the ICO page at https://jsecoin.com/ico More detailed information is available via etherscan at: https://etherscan.io/address/0xcfc4fceb90787ef1fda15bb115630ef453f50f86#internaltx
The ICO has started slower than we expected although we are already in a position to start negotiations with exchanges and fund further marketing efforts. Thank you to everyone that has contributed to the project either with funding, cpu resources or time.
Advertising costs we wont break down at this time as there is a competitive nature to purchasing ad placements. Press releases were costs for the CCN and Cryptovest articles. Stat. Printing & Postage was for the postage of the whitepaper out to VC/crypto funds via snail mail. Server costs up a bit, due to increased volume and data transfer.
Full accounts at: https://jsecoin.com/july-2018-accounts/
