Dear NULS community,
After a calm end of September, What an eventful October 2019.
On the 3rd of October, I attended and we had a stand for NULS Blockchain at the the Mauritius Africa Fintech Hub 1 year anniversary event . We met a lot of new people and explained the superior tech of Chainbox and coming soon Chain Factory.
On the 10th of October, there was a 3rd Hustlemania Crypto Trading competition where I ended up with a rece cooker after a tight bidding war I did not have enough tokens to get the starprize flat screen tv There were some new faces and the competition is getting traction with the local crypto community locally.
On the 24th October, I attended the Intro to Blockchain and Cryptocurrency by Mr. Sumaroo, at the United Docks lounge, and nice an informal educative session by a Blockchain Developper whom I have been trying to get on board the NULS platform but he is planning to build his own Blockchain called Horizon Africa based on the Ethereum Blockchain. I met some potential investors who will either stake 20,000 NULS or Create a NULS masternode depending on the hosting costs (their main concern is that the NULS token price is so low at the moment that it might not cover the server costs)
Average NULS price for September / October = USD 0.40
Balance Brought forward end August 2019: -3332 NULS
NULS earned from node in Sept 2019 = 2257.74249859
Amount allocated to Ambassador expenses = 2257.74/2 = 1128.87 NULS
Fuel Costs = USD 50 / 0.4 = 125 NULS
NULS give away at September Hustlemania = 100
Remaining NULS = 1128.87 - 225 = 903.87 NULS
Balance Brought Forward end Sept 2019 = 903.87 - 3332 = -2428.13 NULS
Revenue from NULS node = 2554.38
Amount allocated to Ambassador expenses = 2254.38/2 = 1127.19 NULS
Fuel Costs = USD 75 = 187.5 NULS
Balance Brought Forward end October = 1127.19 - 187.5-2428.13 = - 1488.44 NULS
Since the price of NULS is so low, I am planning to only go to local events till the end of the year and if there is any big events coming, I will then apply through the community funds. Good news is that I will soon become board member and director of the Mauritius Blockchain foundation so that through this platform, we can do bigger events with NULS at the forefront of course
It was an honour to serve the NULS community. Hope to have your support in the votes to keep doing good stuff for NULS