Walton Chain Foundation Expenses (Q2 2019)
As of July 1, 2019, the total expenses of Walton Chain Foundation in Q2 2019 are 1,855,881 WTC and the balance is 11,732,872 WTC.
Expense details by accounts:
1. Waltonchain Global Ecosystem Incubation Fund: 0x309a272885bdeA62d99c4E32E40bEe93A3cCef6a
Spent: 204,581 WTC
Balance as of July 1: 9,522,474 WTC
Expense items:
Partial cornerstone token exchange with DMTC Foundation, airdrop arrangement after listing DMTC on exchanges; hardware deployment and software development for the DMTC child chain project; development, pre-research and testing for new child chain projects.
2. Waltonchain R&D Fund: 0xE12E727deE902CBB27227F924003Dd421210cBB5
Spent: 450,000 WTC
Supplement from Other account: 500,000 WTC
Balance as of July 1: 519,050 WTC
Expense items:
Release of Fully Operational Waltonchain Mainnet and launch of SMN Cross-chain Data Management System (including testing, audit, other office supplies and equipment depreciation besides HR expenses; server and network fees); blockchain explorer, child-chain management system, traceability system software development and external testing; RFID chip tape-out and sample testing; development of auxiliary RFID Handheld Reader-Writer.
3. Waltonchain Marketing Fund: 0x188616e2D481d17190655B8112250912139fB118
Spent: 400,000 WTC
Supplement from Other account: 500,000 WTC
Balance as of July 1: 612,367 WTC
Expense items:
WTC trading gala on Huobi Global, AMA sessions, off-line press conferences and meetings; fund preparation for token swap on exchanges; market promotion of applied business applications; autonomous community incentives, community activities and material expenses.
4. Waltonchain HR Fund: 0x511fb75A1E1526A3732a49e90d35D84d785f4F1B
Spent: 412,505 WTC
Supplement from Other account: 500,000 WTC
Balance as of July 1: 497,445 WTC
Expense items:
Project labor cost coverage
5. Waltonchain Operations Fund: 0x2B2267eCb305f81573058487f64393BA03191d80
Spent: 66,350 WTC
Supplement from Other account: 500,000 WTC
Balance as of July 1: 482,598 WTC
Expense items:
Space rent and administrative costs
6. Other Fund: 0xa3fb24D930C89eaB1ad7B8149dbaA9c99a029251
Spent: 322,445 WTC
Supplement to other accounts: 2,000,000 WTC
Balance as of July 1: 98,938 WTC
Expense items:
WTCT network miner payout up to block #550,000, Fully Operational Waltonchain Mainnet miner payout (advanced by the Foundation), 2,600 WTC and additional 60 WTC rewards for each effective SMN reference; emergency reserve fund.
The Other account supplemented 500,000 WTC to the R&D Fund, Marketing Fund, HR Fund and Operation Fund respectively, total 2,000,000 WTC.
Useful Links:
