Annual Financial Report 2016-2017

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Annual financial report

January 2016 - March 2017
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Written by Eric Bondi

January 2016
Thinking with a clear head immediately after holidays, we made a decision to purchase ETH as signs of long-expected
powerful pump were emerging. Judging by all signs ETH accumulation occurred in October, November and December and
the public was heated by fresh news. Large number of BTC was received at Poloniex cold wallet and this was also a sign of
the upcoming pump. Moreover, we performed several profitable transactions at FCT and DASH.
Ethereum Altcoins
Minimun Maximum BTC Avg weekly
Dates Trades Profit % Name depo % profit % Trades
buy sell Volume profit %
04.01.2016 0 0 0 0 0 None 0 0 0
11.01.2016 0 0 0 0 0 None 0 0 0
18.01.2016 76 0.00243 0.00391 145 56 22.25% FCT 10 3 8
25.01.2016 93 0.00347 0.00549 188 33 DASH 10 15 12
Total 169 0.00243 0.00549 333 89 Total 20 18 20
Total profit for January = 81.9 %
Ethereum
DASH
2
February 2016
February turned out to be a very volatile month at cryptocurrency exchanges. Along with ETH growth which we managed to
grasp in time, an extremely powerful growth of EXP occurred from 0.000124 to 0.00363 and we managed to make more than
600% profit on it from the sum allocated by this fork for trading. The same month MAID started growing. We were a little bit
late, but still got a profit. Also our altcoin portfolio was blended with coins: SYS, RADS, SC DGB
Ethereum Altcoins
01.02.2016 61 0.00487 0.00662 135 10 FCT 15 4 8
08.02.2016 54 0.00594 0.00817 111 16 FCT 15 17 18
15.02.2016 87 0.00848 0.01610 144 61 EXP 15 625 14
22.02.2016 75 0.00919 0.01140 80 4
20.4% MAID 15 5 10
29.02.2016 71 0.01180 0.01390 96 11 MAID 15 44 10
Total 348 0.00487 0.01610 566 102 Total 75 695 60
Total profit for February= 190.9%
Ethereum
Expanse
3
March 2016
In March ETH rate reached its peak, we sold about 50% of ETH at price close to the maximum value. ETH growth was
accompanied by pumps of many altcoins. We made a mistake with FCT purchase, but we profitably bought Rads, Qora,Dash,
EXP. On the whole the month brought a good income for the entire company.
Ethereum Altcoins
07.03.2016 60 0.0150 0.0296 143 77 EXP+DASH 10 31 22
14.03.2016 53 0.0220 0.0364 117 54 FCT 10 -13 12
21.03.2016 61 0.0207 0.0320 115 7 37.5% XVC+DGB 10 15 28
28.03.2016 40 0.0257 0.0293 91 12 Rads+Qora 10 65 20
Total 214 0.0150 0.0364 466 150 Total 40 98 82
Total profit for March = 144.8 %
Ethereum
Qora
4
April 2016
In April a distinct Downtrend on Ethereum and the majority of altcoins are observed. The reason is gradual BTC growth. We have
foreseen the trend and closed positions on majority of coins even before big falls. We are confident about further Ethereum growth - it
is just a matter of time. We opened long positions in the range of 0.0161-0.0165, but we also consider it possible that a short-term ETH
can fall by 15-20% is possible, so we keep large amounts of BTC for ETH purchase before the next pump. We have chosen AMP and SYS
among altcoins this month - but we used only short-term trading to receive quick profit and we didnt open long-term longs.
Ethereum Altcoins
04.04.2016 44 0.0257 0.0289 111 23 SJCX 10 2 12
11.04.2016 37 0.0181 0.0255 138 21 FCT 10 -3 24
18.04.2016 51 0.0173 0.0213 123 17 17.25% AMP 10 27 38
25.04.2016 32 0.0161 0.0189 147 8 SYS 10 55 34
Total 164 0.0161 0.0289 519 69 Total 40 81 108
Total profit for August = 101.5 %
Ethereum
SYScoin
5
May 2016
In May, the popularity of TheDAO has allowed grassroots spreading of Ethereum. Many news channels and top information publishing
houses in many countries have praised Ethereum and the future of smart contracts. The total capitalization of all cryptocurrencies has
approached the point of $10 billion, which indicates the inflow of new investors to the market. Cryptocurrency LISK has been launched,
which is treated quite sceptically, but it managed to outweigh a part of trade volumes. This month, EXE, EXP, XCP, SYS, ETH proved to be
quite good. Bitcoin continues to strengthen its positions, we predict a growing trend due to the approach of halvening. The month has
been productive for Ethtrade traders, investors received a stable income at the volatile market.
Ethereum Altcoins
02.05.2016 54 0.0154 0.0229 162 16 SYS 10 14 22
06.05.2016 24 0.0205 0.0224 97 5 EXE 15 31 28
16.05.2016 46 0.0197 0.0242 124 7 XCP 10 21 16
23.05.2016 40 0.0226 0.0339 117 8
8.6% SC, EXP 10 34 30
30.05.2016 52 0.0211 0.0321 129 7 LSK 20 23 44
Total 216 0.0154 0.0339 629 43 Total 13 123 140
Total profit for May = 53.4 %
Ethereum
Counterparty
6

During the first half of June, Bitcoin has risen from $530 to $780 on expectations of bitcoin block reward halvening. Ethereum received
the approval of the international community and many positive news allowing ETH to grow to $21.4. BTC and ETH acquired capitalization
together, which is an indicator of an increase of cryptocurrency approval in the society. But, suddenly for the entire industry, TheDAO
contract was hacked, which has sharply decreased the ETH rate to $10 with a squeeze to $7. We also responded quickly to the news and
quickly opened short orders for buying ETH in the range of 0.0180-0.0220. Such strategy proved to be quite effective and we were able to
get an excellent profit. We also sold LISK residues, because we have studied the distribution of coins in LISK and concluded that LISK will
not have a powerful pump for quite a long time.
Ethereum Altcoins
06.06.2016 66 0.0231 0.0269 144 7 LSK 10 17 36
13.06.2016 84 0.0234 0.0256 92 10 DGB 10 20 15
20.06.2016 94 0.0181 0.0270 124 9 DAO 5 37 14
27.06.2016 44 0.0146 0.0229 74 8
7.6% SC, FCT, DASH 30 19 54
30.06.2016 50 0.0176 0.0211 85 4 XCP, FCT, EXP 30 21 62
Total 338 0.0146 0.0270 519 38 Total 17 114 181
Total profit for June = 51.6 %
Ethereum
Siacoin
7
July 2016
In July, the community attention was drawn to two main events: Bitcoin Block Halvening and Ethereum Hadrfork. In connection with the
division of the community into 2 camps and launching blockchain Ethereum Classic, July has turned to be a quite difficult month for our
traders. We have tried to minimize the risks and to chose a conservative trading strategy with short stop loss orders. Despite the fact that
this strategy did not bring us super profits, it has allowed to receive profit every trading week. In July, Steemit platform became incredibly
popular, the rate of its token STEEM has grown in more than 15 times. Several of our traders did not miss this chance and made a series
of successful transactions because STEEM was sold on Bittrex stock exchange at the price of 0.0003, but soon this coin has been added
to Poloniex exchange, where at the peak point its rate reached 0.006! However, the inflationary model of the STEEM token did not
allow the coin to grow further, and a dump phase started. For July, Expanse experienced 3 pump stages, we were able to sell the coins
previously purchased below 0.0006, within the price range of 0.0011 - 0.0012, almost doubling the investments in the Expanse.
Ethereum Altcoins
04.07.2016 84 0.0144 0.0172 135 7 XMR 10 17 14
11.07.2016 72 0.0156 0.0184 112 7 EXP 10 18 20
18.07.2016 20 0.0162 0.0213 60 2.5 4.9% Steem 20 25 90
25.07.2016 46 0.0178 0.0209 88 3 ETC 20 27 116
Total 222 0.0144 0.0213 395 19.5 Total 15 87 240
Total profit for July = 31.6 %
Ethereum
DASH
8
August 2016
In August, the Bitcoin Core team released Bitcoin Core version 0.13.0, which increased the stability of the network and prepared it for the introduction of
segregated witness technology. This is another step on the path of Bitcoin value growth. The next step will be the introduction of a full-fledged segregated witness
support with miners, and then the launch of the most anticipated lightning network protocol, which will allow to conduct off-chain transactions in Bitcoins, Huge
pump this month was shown by DASH, which we bought below $10 and sold at $13-14. Also, our traders have made a series of successful transactions with XCP,
as this coin is fairly easy to anticipate and almost always relies on the support and resistance levels that are divisible by 25. The first purchases were in the range of
0.00375-0.004, with the sale at 0.00525 - 0.00575. Further, we were able to re-buy XCP for 0.00450-0.00475 and to sell it at 0.00625-0.00650. We were pleasantly
surprised by the strongest XMR pump, as we could sell our coins at $7-13, which were purchased for $1-2 a few months ago. ETH was stabilized at $10-12, we
started the repeated phase of coins purchase at this level. ETC and XMR could temporarily delay the trading volume at the market, so the ETH has experienced a
relatively quiet month. But since it is usually calm right before the storm, for September Ethereum has prepared for us a lot of surprises!
Ethereum Altcoins
01.08.2016 52 0.0141 0.0193 95 4 ETC, XCP 20 22 96
08.08.2016 38 0.0186 0.0205 77 5 DASH. XCP 25 17.3 109
15.08.2016 30 0.0186 0.0196 46 2 AMP, LSK 30 23 80
22.08.2016 34 0.0188 0.0197 51 1
3.5% XMR 30 26 64
29.08.2016 86 0.0190 0.0219 115 5.6 XMR, ETC 20 15 54
Total 240 0.0141 0.0219 384 17.6 Total 25 103 403
Total profit for August = 40.7%
Ethereum
Monero
9
September 2016
This September, Bitcoin was trading in the range of $590-$623, this price was higher than in August. The uptrend was backed by just few
news: the announcement of Bitcoin ETF from Winklevoss brothers, the block mining reward halving occurred in the summer and the
instability of the global financial market. Ethereum was traded at around $11-$14.4 gradually losing value against BTC, while Bitcoin rose in
price. In September, a significant profit was brought by XCP cryptocurrency which grew by more than 2 times in just 1 month. The growth
was accompanied by high volatility with deep pullbacks enabling our traders to confidently trade profitably. In the first week of September
XMR has reached its peak at 0.0265, after which downtrend began. We bought STRAT in the range of 0.00004 - 0.00005, sold part when
pumped at 0.00008 and continued to buy this one of the most promising coins while its price dropped to 0.00005 after last pump.
Ethereum Altcoins
XMR,
05.09.2016 74 0.0180 0.0194 96 3 STRAT
20 29 43
12.09.2016 92 0.0192 0.0211 141 6 XCP, DGB 15 23 58
19.09.2016 112 0.0208 0.0237 137 7 3.5% XCP, XRP 10 17 32
26.09.2016 76 0.0212 0.0222 104 4 STR, XCP 20 24 40
Total 354 0.0180 0.0237 478 20 Total 16 93 173
Total profit for September = 32.7%
Ethereum
Counterparty
10
October 2016
In October, BTC has grown gradually from $615 to $740 with almost no pullback. This growth has forced many altcoins holders to sell
their cryptocurrency. We also were able to get rid of many altcoins selling most of them with a profit against to USD. ETH fell almost 2-fold
regarding BTC, from 0.0215 to 0.0115. This fall was not as critical against USD: from $13 to $10. The decline of Ethereum capitalization
was due to DDOS attacks on the network and attempts to eliminate their impact by developers. On the other hand, after a long wait
was launched trading REP tokens that use ETH blockchain. The high price of REP ($10) allowed us to obtain a multiple return from ETH
invested one year ago. In the last week of the month we were able to capitalize on STRAT, because it outlined to the new maximum value
- 0.000085. WAVES also reached a maximum value of 0.00056 on trading expectations when adding WAVES token on Poloniex exchange.
We sold the bulk of coins in the range of 0.00048 - 0.00054, thereby obtaining about 90% profit from investments in WAVES for 3 months.
.
Ethereum Altcoins
03.10.2016 70 0.0203 0.0220 88 1 REP 20 35 61
10.10.2016 55 0.0182 0.0195 61 2 DGB, REP, POT 45 14 97
17.10.2016 68 0.0185 0.0199 103 2.2 WAVES, XMR 30 19 35
24.10.2016 49 0.0160 0.0183 80 0.3
3.5% ANT, STRAT 45 16 132
31.10.2016 64 0.0143 0.0163 95 1 EXP, REP 30 20 58
Total 306 0.0143 0.0220 427 6.5 Total 14 104 383
Total profit for October = 36.3%
Ethereum
Monero
11
November 2016
In early November, Bitcoin sharply fell by $75, from $750 to $675, due to news about regulation cryptocurrency in China that wasnt true.
This news turned out to be a fake and we took advantage of panic in the market and have had several successful trades with leverage,
the average sell price - $740, the buy price - $690. Bitcoin survived this time and continued its smooth growth. In November, ETH fell
from 0.0160 to 0.0110. Based on chart ETH trades of all time, we predicted a long downtrend. Apparently, the price moved to the strong
support level of 0.008. Our traders were able to keep the cost of Ethereum portfolio against to USD, increasing the number of ETH during
the fall. This month, we spent more Bitcoin to trade Monero and made a successful purchase of XMR at levels of 0.0062 - 0.008. Most
altcoins have dropped in price against BTC forming a fertile ground for strategic buying. Stratis met our forecasts, we sold most of coins in
the range of 0.00012 - 0.00016.
Ethereum Altcoins
07.11.2016 36 0.0140 0.0153 61 1.4 XMR, DASH 25 26 71
14.11.2016 40 0.0123 0.0143 74 2 XMR, STRAT 30 22 66
21.11.2016 48 0.0114 0.0136 89 2.1 3.5% XMR, ZEC 30 18 49
28.11.2016 24 0.0095 0.0118 55 1.3 DASH, XMR, 70 9 93
Total 148 0.0095 0.0153 279 6.8 Total 39 75 279
Total profit for November = 29.04%
Ethereum
Monero
12
December 2016
In December, Bitcoin overcame a 3-year price record. This led to the recent bottom of most altcoins in relation to BTC.
Political events and financial instability in many countries only increase the demand for cryptocurrencies, in particular,
Bitcoin. At this time, Ethereum traded at a minimal level, in the range of 0.0073 BTC - 0.012 BTC ($6- $8), we were engaged
in the accumulation of ETH before the forecasted uptrend. We also faced: EXP at ~ 0.00019 BTC; DASH selling for ~ $
10 in anticipation of an upgrade of the DASH network before the release of Evolution 3.0, and XMR at ~ $9 after the
announcement of the GUI wallet. We finished 2016 with a lot of different altcoins in long-term storage and are expecting
a wave of pumps in the first quarter of 2017, as the total capitalization of the Cryptocurrency market in 2016 reached an
absolute record!

Ethereum Altcoins
05.12.2016 61 0.0078 0.0113 124 4.3 STR, STEEM 30 12 97
12.12.2016 58 0.0099 0.0109 103 3.3 STR, POT 30 15 85
19.12.2016 82 0.0078 0.0098 109 4.2 3.8% XMR, MAID 40 13 127
26.12.2016
Total 119 0.0078 0.0113 227 11.8 Total 33.3 40 309
Total profit for 1/2 December = 13.4%
Ethereum
Bitcoin
13
January 2017
In early 2017, Bitcoin continued to grow, on January 4, the price of 1 BTC reached $1166. Against the backdrop of sharp
growth, the Chinese Central Bank decided to conduct checks of Chinese cryptocurrency exchanges for violation of laws,
which led to a rapid drop of BTC by $300. Within a few weeks, the Chinese crypto-exchange market was restructured, the
leading Chinese exchanges lost the leading positions in trading volume and started to implement strict rules of customer
identification requirements. These events led to the high volatility of Bitcoin in January, which allowed our traders to earn
on USD/BTC and CNY/BTC pairs. January turned out to be a key month for Ethereum in overcoming the $11 resistance
level. One of the factors for the growth of ETH was the announcement of the details of upcoming update of Metropolis
by Vitalik Buterin. At this point, we almost finished accumulating ETH and began to buy ETC in the range of 0.0013 BTC -
0.0014 BTC for further sale with 100% profit. The daily trading volumes of DASH began to increase, which, in conjunction
with positive news and the planned network update, indicated the pump being prepared to begin. We bought DASH for
$10 - $12, which was a fairly low price, given the relatively small number of DASH coins in circulation (totaling 7.1 million).
Ethereum Altcoins
16.01.2017 121 0.0111 0.0119 143 3.8 DASH, STRAT 45 17 128
23.01.2017 73 0.0114 0.0118 88 1.4 STRAT, PASC 50 13.5 147
30.01.2017 86 0.0105 0.0119 104 1.7
2.3% DASH 35 18 115
Total 280 0.0105 0.0119 335 6.9 Total 43.3 48.5 390
Total profit for January = 22.65%
Ethereum
Bitcoin
14
February 2017
On February 1 BTC for the first time outstripped the cost of an ounce of gold, reaching $1294. This growth was largely due
to the expectation of approval of the ETF application from the Winklevoss brothers, which would provide industrial traders
with access to professional tools for trading with Bitcoin. Ethereum after overcoming the resistance level of $12 began its
growth, reaching $20 by the end of the month. The capitalization of ETH rose to a record of $1.75 billion. Tokens based on
the Ethereum blockbuster also began to rise towards the dollar and bitcoin: REP, GNT, Singular TV, Vdice, DigixDAO, and
others. DASH continues a smooth set of capitalization with almost no kickbacks, by the end of February, the price of 1 coin
has reached $50! This month we accumulated STRAT in the range 0.00063 - 0.00008. We also purchased: EXP, LISK, DOGE,
QORA, WAVES, with the aim of selling these coins with the growth of 100% - 300%.
Ethereum Altcoins
buy sell Volume profit
06.02.2017 91 0.0107 0.0113 97 2 PASC, DASH 40 11.3 141
13.02.2017 116 0.0113 0.0131 155 2.7 MAID, DASH 35 13 107
20.02.2017 124 0.0108 0.0122 147 2.8 3.67% GNT, DASH 40 14 95
27.02.2017 157 0.0123 0.0161 215 7.2 DASH, XMR 30 9.3 116
Total 488 0.0107 0.0161 614 14.7 Total 36.25 47.6 459
Total profit for February = 27.12%
Ethereum
Bitcoin
15
March 2017
In March, Bitcoin reached its maximum mark of $1340, before the decision of the SEC commission. On March 10, the Commission rejected the
ETF application of the Winklevoss brothers, after which the Bitcoin rate plummeted to $960, but the market bought the drop, Bitcoin immediately
recovered to ~ $1,240. A week later there was a dump below $1000, then a short-term drop to $890, but by the end of the month BTC returned to
$1080. Such movements reflect the sentiment of traders and investors and we see that BTC rate has withstood the rejection of the ETF order - all
major sales were bought out by the market, which reflects the real liquidity of Bitcoin. This highlights the continuation of the BTC/USD and BTC/
CNY uptrend in 2017. The capitalization of Ethereum this month rose to $5 billion, which is more than 1/4 of Bitcoins capitalization! The cost of
1 ETH token reached $54. We sold our ETH in parts: for $22, $27, $35, $45 and $50, and left about 30% of coins in case of continued growth. We
preferred to fix this profit from trading Ethereum in USD, and the quantity of Ethereum is increased by means of scalping trades on the pair ETH
/ BTC. DASH also broke the capitalization record, the cost of 1 DASH coin reached $117, which is more than 1000% growth for a month! We sold
most of the coins quite early, below $60, but even this price is 4 times higher than the purchase price. According to the laws of the market, after
such intensive growth, the asset value is rolled back by 60% -80%, which our traders used, making several successful shorts for DASH deals.
Ethereum Altcoins
Dates Trades Minimun Maximum BTC Profit % Avg weekly Name depo % profit % Trades
06.03.2017 107 0.0141 0.0169 131 4.9 DASH, SDC 40 11 129
13.03.2017 443 0.0196 0.0453 344 8.2 DASH, XMR, SDC 30 5 97
20.03.2017 522 0.0377 0.0560 417 7.7 5.47% ETC, GNT, XRP 30 14.7 143
27.03.2017 531 0.0436 0.0519 508 1.1 XRP, LTC, XMR 40 17 181
Total 1603 0.0141 0.0560 1400 21.9 Total 35 47.7 550
Total profit for March = 31.8%
Ethereum
Bitcoin
16
Total January 2016 - March 2017
The 2016-2017 trading years were incredibly successful for cryptocurrency traders! Ethereum with each month is strengthening, the
number of miners and developers is constantly growing and enthusiasts from different countries are joining. New ERC20 tokens on the
ETH protocol enter the market through ICO, most of which brought good returns to investors after they entered the exchange. Profitable
ICOs were: DigixDAO, TheDAO, Augur, SingularDTV, FirstBlood, Golem Network and Edgeless. In addition to ICO projects, more than 200
full-time programmers are working on the development of the Ethereum network itself, this project continues to be one of the most
ambitious in the modern world. The Ethereum network also survived a spam check for strength, which increased the level of trust in the
network. The release of the Raiden protocol is being prepared, with the help of which it will be possible to make almost instantaneous
transactions in the Ethereum network. In March 2017, Ethereum capitalization reached $5 billion and this reflects the fact that the young
Ethereum ecosystem is developing much faster than Bitcoins, which is already 8 years old. Bitcoin continues to be the main cryptocurrency
and is gradually becoming more expensive, despite disagreements in the community and unceasing disputes about the size of the blocks.
Our team constantly increases the number of traders, which allows us to test different trading strategies and to apply the best of them. We
originally forecasted the growth of the market capitalization of Cryptocurrencies, therefore, we diversified investing in the most promising
altcoins, such as ETH, DASH, XMR, LTC, SDC, SC, MAID, FCT, and others. For 2016-2017 in the top rating of the country was a noticeable
restructuring, and thanks to our analytical department, we were able to predict the majority of trends and multiply the invested funds.
We try to minimize risks and sell growing assets in parts, 10-20% of the number of coins in our portfolio. We apply several main areas
of earnings: long-term investments (6-12 months), medium-term investments (1 week - 3 months), Day trading or scalping transactions
(trade within a day or an hour) and investments in ICOs (1-12 months). As our practice shows, the combination of these strategies allows
investors to generate a stable income of 15% to 25% even in a declining market. We traced the cyclicality of the crypto-currency market
and partly learned to predict seasons of pumps and dumps. We forecast the continuation of the growth of the capitalization of
Cryptocurrencies in 2017-2018, which together with the accumulated professionalism of our team will allow us to continue to bring stable
profits to the traders and investors of our company!
Month Trades Minimun buy Maximum sell ETH/BTC vol Profit % Avg monthly profit
January 189 0.0024 0.0054 333 81,9
February 408 0.0048 0.0161 566 190,9
March 296 0.0150 0.0364 466 144,8
April 164 0.0161 0.0289 519 70,2
May 216 0.0154 0.0339 629 53,4
June 338 0.0146 0.0270 519 51,6
July 222 0.0144 0.0213 395 31,6
58.0%
August 240 0.0141 0.0219 384 40,7
September 354 0.0180 0.0237 478 32,7
October 306 0.0143 0.0220 427 36,3
November 148 0.0095 0.0153 279 29
December 118 0.0078 0.0115 227 13,4
January 280 0.0105 0.0119 335 22,65
February 488 0.0107 0.0161 614 27,12
March 1603 0.0141 0.0560 1400 31,8
Total 3183 0.0024 0.0560 7571 869,95
ETH DASH XMR STRAT ETC GNT XCP REP XEM XRP WAVES MAID ZEC Another
50,23 13,59 8,06 4,27 3,71 3,62 2,58 2,31 2,16 2,02 1,44 1,27 1,17 3,57
Total number of trades = 5554

Total ETH volume= 7571 BTC
Total ETH + Altcoins volume = 6302 BTC
Average Month Profit = 58,00 %
Average Weekly Profit = 14.26 %
ETH price percentage change for last 12 Months = +468.36 %

17
Ethereum
Bitcoin
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Annual financial report

Written by Eric Bondi

Total number of trades = 5554

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