We will immediately implement the next program this week, namely supporting activities in Uganda and Health Assistance. This is done on the basis of a meeting held by World Smile Project Int. We will open up opportunities to carry out other activities if we have representatives with integrity, trust and a social spirit.
Accountability and transparency of World Smile Project Int's asset management is the most important part that is regularly published. The assets that we report are not only in the form of income from donors but also explain expenses made to accommodate World Smile Project programs and activities in representative countries.
To display cash flow in the form of receipts and disbursements of assets, we update it in 3 columns as shown below, which show the history of receipts, disbursements and current cash conditions. We regularly report it to the public as a form of accountability to donors who loyally provide share reward support, this report in the form of a cash book is also a reflection for the World Smile Project to measure the percentage of support received both when running an active program or in a passive condition.
You can see a screenshot of the World Smile Project Int cash flow below.
The latest receipts from the Cash Book show that Worldsmile received donations from January 22 to February 18, 2024, in 3 forms of assets. first received 0.000 SBD, 116.802 Steem, then 262.712 Steem Power, During this period up to the previous report, there has been an increase in assets in the form of TRX of 126,652. This increase in assets will certainly greatly assist the World Smile Project in carrying out future programs.
These assets are generally obtained through the support of contest participants and contest organizers by setting the payout of their posts to an average of 10% and the rest is obtained from activity reports related to the World Smile Project, for example in the Cash Book Report which I publish weekly. Even though it is a small amount, we realize that this support is very meaningful for the sustainability of the World Smile Project in the future.
On the other hand, we also cash out TRX and are currently on the exchange, we will also buy Steem or SBD if the market price is suitable, and then it will be returned to the WSP account wallet. This policy was taken based on discussions with WSP Int such as heriadi and el-nailul.
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We hope that the Steem exchange rate will increase again so that it can realize other essential programs in several representative countries. The increase in the Steem exchange rate on the exchange also has a direct impact on donors who voluntarily donate their assistance to the World Smile Project program.
Sunday, February 18, 2024
World Smile Project International Manager