Dear friends, it has been five weeks since this donation campaign started.
At that time I told you a sad story about the family in a dire situation.
Please, read the article about the family Štampek. They are forced to live in harsh conditions without proper electricity and running water. They need an amount of 16,000 Euros to pay for the power line to reach their house.
How The Campaign Progressed?
I intended to run the fundraising for two weeks. All liquid rewards from my posts during this period along with your direct donations would go into the amount collected.
You were all great and contributed in many possible ways.
Thank you very much, you rock!
The Final Financial Report
All collected funds are accounted for in this Google Spreadsheet.
After five weeks the total collected sum before transfer out was $770.39.
# Day SBD STEEM SBD STEEM
rewards by ervin-lemark donations by
------------------------------------------------------------------
1 02/27/2018 10.458 0.050
2 02/28/2018 3.359 0.125 0.030 @zen-art
5.000 @seckorama
3 03/01/2018 3.147 0.041
4 03/02/2018 2.952 0.065 10.073 @asmolokalo
0.756 @adisrivastav
5 03/03/2018 3.954 0.031 10.000 @karenb54
6 03/04/2018 2.969 0.028 5.000 @fbslo
2.000 @poss
7 03/05/2018 5.038 0.023 39.432 @blocktrades
8 03/06/2018 4.371 0.059 20.000 @fabien
9 03/07/2018 12.557 0.030
10 03/08/2018 34.620 0.033 0.001
11 03/09/2018 6.059 0.026 0.011
12 03/10/2018 28.799 0.022
13 03/11/2018 0.330 0.001
14 03/12/2018 22.514 0.007 0.003
15 03/13/2018 3.592 0.029
16 03/14/2018 17.847 Report No. 4
17 03/15/2018 8.060 Interim Reports, Day 9 and 10
18 03/19/2018 8.245 Interim Report, Day 14
19 03/20/2018 11.009 Report No. 5
20 03/25/2018 13.919 Challenges ...
21 03/27/2018 9.352 Additional upvotes ...
----------------------------------------------------------
funds raised 239.025 67.002
price in $ 2.64 2.08
@ bittrex
value in $ 631.03 139.36
----------------------------------------------------------
total value in $ 770.39
total value in € 624.02
What Went Not So Great?
I didn't think out well enough two things:
- the exit strategy when it comes to the rewards of the reports after the second week of posts,
- the volatility of the market and the price correction of the Steem and SBD assets.
What I did to somehow fix these two issues?
- I added all liquid awards from reports together with some additional upvoted from you to the sum collected.
- I waited for the price to correct itself up.
Today Was The Day!
As you've noticed Steem and SBD were on a relatively huge upward curve today.
So I seized the opportunity and transferred collected funds out of the platform.
You can also read the following step as a tutorial on how to relatively quickly and easily sell your Steem to fiat :)
I did the following.
1. Transferred Collected Amount Of SBD And Steem From My Steem Wallet To Bittrex
2. Sold SBD To BTC @ Bittrex
3. Sold Steem To BTC @ Bittrex
4. Withdrew aquired BTC to Bitstamp
I came out with 0.09894713 BTC which I immediately withdrew to my personal Bittstamp account.
The amount received minus the fee was 0.09844713 BTC.
Current value @ Bitstap of collected donations is $728.51 or 595.54 €.
I decided to sleep it over in hope that the value tomorrow morning will be higher.
Conclusion
We are two steps away from the completion of our first goal, to deliver the donation:
- Sell BTC to Euros
- Transfer Euros from Bitstamp to the Charity Organisation
Hopefully, this will happen tomorrow.
P1s: I am sorry to pester you with all these financial details when our primary aim is just to help. I want to operate as transparently as possible. I also want to keep the notes for future endeavors. To learn and to progress :)
Thank you for your patience.
Ps2: During this time I did step in contact with both the editor in chief of Ona magazine and the manager of the Charity Organization. Both ladies were happy to hear about our campaign. I'll keep you posted about our conversation too.
Documents History
Call To Action - Help Family In Need
Call To Action - Please, Help Family In Need [Report No. 1]
Call To Action - Please, Help Family In Need [Report No. 2]
Call To Action - Please, Help Family In Need [Report No. 3]
Call To Action - Please, Help Family In Need [Report No. 4]
Charity Fundraising Campaign, Interim Report On Day Nine
Charity Fundraising Campaign, Interim Report On Day Ten
Charity Fundraising Campaign, Interim Report On Day Fourteen - $564.54 Collected So Far
Call To Action - Please, Help Family In Need [Report No. 5] - $596.49 Collected So far
Challenges Of Charity Fundraising In Crypto