SUQA Monthly Financial Statement: December 2018

SINOVATOR
2 min readDec 25, 2018

As we are trying to be transparent as possible and to avoid fraudulent activity, we would like to give our users and investors a brief update about how SUQA funds are being spent monthly.

Following is a summary of how we’ve spent our income on December 2018.

First, let us remind how we divide the resources:

  • Founders Fee %9.090909
  • Marketing %1.75
  • Exchanges Listing %1.75
  • Web Developing %0.5
  • Legal Fees %0.1
  • Dev Fee %2.5
  • Foundation Rewards %2.5

Distribution of funds

Komodo partnership yearly notarization fee 1.25M SUQA

Marketing, Web Development, Admins and Moderators (We have 4 Telegram, 8 Discord, 1 Twitter, 1 Reddit, 1 Btctalk and 1 Medium moderators and a Campaign Manager) Total 400K SUQA

Content Writer 150K SUQA

2 Graphic Designers 300K SUQA

Youtuber 175K SUQA

Legal Partnership and Legal Documents 1.8M SUQA

Twitter marketing 800K SUQA

Discord invitations, bounties and discord altcoin groups partnership & marketing 500K SUQA

Community Bounties (Btctalk Signature, Facebook, Telegram, Twitter) 1M SUQA

Youtube Marketing (Exclusive to Russian Channels, One time only) 1M SUQA

Mobile Apps 175K SUQA

Summary of our all expenses this month (December 2018) : 7.55M SUQA

Summary of our all expenses up to December 2018 are 18.425M SUQA

A total sum of 25.975M SUQA has been spent.

Here’s our developer fee wallet address where anyone can double check our expenditures.

As always we would like to improve ourselves by hearing your feedback on our progress and are open to your suggestions. Come and join us at your favorite social media of choice and join our community!

SUQA Official Website

Discord, Twitter, Facebook, Telegram, Bitcointalk, Youtube

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