Message from the CEO - January 2019
Dear members of Callisto Network:
We’ve finished 2018 with a stable treasury fund balance, in this bear market we’ve been being cautious about the operative costs. At Jan 19th, 2019, Callisto Network has a treasury fund of a total 62.6 million CLO (USD 239,000) to keep the project going in the next phases.
In the last Q we increased our investment in new exchanges.
We’ve paid the borrowed money from Dexaran for Callisto.
Listing fees and getting new advisors. In consequence, the monthly budget increased by at least 35%. Our monthly operation costs have been between 20-25 million CLO per month in the last three months; however, those expenses are one time expenses in the most cases as listing fees.
We have started to do accounting in Estonia through Callisto Network Foundation OÜ; Carlos and I recently tripped to Estonia to get the right accountant firm for crypto companies, and we are building accounting for later 2018 and 2019. This is our commitment in getting all the things on the right way supporting Callisto project with a legal entity from an EU country.
Additionally, I want to thanks Dexaran for the supporting to the project in the early stage by lending money for Callisto for exchanges listing fees, and now I’m happy to announce that Callisto Network has paid the total amount of the borrowed money from Dexaran.
In the first quarter of 2019, we will focus mainly on spending on marketing on Google and Youtube campaigns with new content promoting security audits and Cold Staking.
Our work continues to get Callisto in an excellent position in the crypto space; we haven’t finished our first year of operation, however, I’m happy with the results we got from our team so far.
Financial Report 2018: https://ipfs-gateway.0xinfra.com/ipfs/QmUgKoozGPKKxPAJW1WpVvUCbLZZEwRyobRbLr1aduNCxM
Financial Report Q4 2018: https://ipfs-gateway.0xinfra.com/ipfs/QmeuhioXiL1KqXBBtni61MR6LrfL2RHSyQonp7pfc6v8ZK