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.

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