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RChain Cooperatives Claiming A Loss Of About $4.1 Million In 2018

Liang CHE

Summary: According to theblockcrypto.com, the RChain Cooperative, a blockchain platform that once competed with Ethereum, released a financial report on Monday that included a 2018 income statement and a February 2019 balance sheet. In 2018, RChain Cooperatives generated $22.2 million in proceeds from the sale of tokens and cryptocurrencies, but spent $26.3 million, which meant a ...

According to theblockcrypto.com, the RChain Cooperative, a blockchain platform that once competed with Ethereum, released a financial report on Monday that included a 2018 income statement and a February 2019 balance sheet. In 2018, RChain Cooperatives generated $22.2 million in proceeds from the sale of tokens and cryptocurrencies, but spent $26.3 million, which meant a total net loss of $4.1 million for the fiscal year.

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