I was first introduced to the Cyber Physical Chain project, similarily to many other crypto enthusiasts, through the rumor of a CPChain (CPC) and VeChain (VEN) partnership. Almost as soon as it was first discovered, CPC had removed their web page claiming VEN to be a partner and many claimed it was false information. A short time later, we had it confirmed to us that VeChain invested into CPC, but have no official word on the extent or if any of it will ever come to fruition. Now with the launch of the new CPC website and once again listing VeChain as a partner/investor, I decided to give it a closer look.

If you have ever used The Ethereum Block Explorer (www.etherscan.io), it should be quite simple to follow my theory, as I begin the dive into foundation and transfer/holding wallets that I feel connect the two projects.

Lets start with the foundation wallet for CPC. I have labeled it as CPCmw. If you open this wallet, you will discover many transactions around 145 days ago as of writing this article. These transactions are the first allocation of bonus lockup tokens being distributed. Then around 58 days ago, you will see a transfer of 57,000,000 CPC tokens to wallet CPCh/tw. To me, this indicates the foundation has taken additional security steps and will now use a secondary holding/transfer wallet for large transfers of CPC. Now, those 57,000,000 tokens are then distributed from this wallet as the 2nd round of the bonus lockup tokens so you can see that these two wallets are both under control of CPC.

About 40 days ago from the CPCh/tw wallet, you will see a transfer of 1,500,000 CPC tokens to the another wallet that I am calling the VENCPCw. This is where the connection begins to unfold as you can see one wallet holding both CPC tokens and VeChain tokens.

Now I know what you’re thinking, surely plenty of wallets hold both CPC and VEN/VET tokens, right?

Upon further review, the VENCPCw holds 1,500,000 CPC and around 1,000,000 VeChain at this time. A good amount of both in terms of dollar value, around $2,700,000 at this time, but could still easily be a single investor holding both tokens. Notice, the large amounts of VeChain tokens being deposited/withdrawn from this wallet.

So my next step was to go through each wallet that sent VeChain tokens to the VENCPCw address. That took a fair amount of time and I found many interesting transactions but I will highlight what I feel is the piece provides the most evidence that ties these two projects together. In the VENCPCw wallet again, you will see a deposit of 661,095 VeChain tokens from the VENh/tw , the holdings/transactions wallet for VEN, about 21 days ago.

When exploring this wallet, you will see a substantial amount of VeChain tokens, approximately 11,475,000 or over $29,000,000 USD, that has been moving large amounts of VeChain around as of recent. It is actually the 19th largest VeChain token holder out of 70,280 different VeChain wallet addresses. In my opinion, there is a high probability that the VENh/tw is either under the control of VeChain themselves or perhaps a major partner of theirs, for example PwC or DNV GL.

VeChain has announced that they will utilize sidechains. With that said, the rumor is that CPC could possibly be one of these mentioned sidechains. What I have discovered is far from concrete proof, but I do feel as though it is a strong theory that supports VEN’s investment progressing into a partnership with CPC.

Stay tuned for the next few articles where I will explore the connection to QTUM, Metaverse, and HPB in a simliar fashion!

See for yourself:

CPC Foundation Wallet (CPCmw) — https://etherscan.io/address/0xc7347a53adcee0c1c3edc749b7ce05df084702ea#tokentxns

CPC Holding/Transfer Wallet (CPCh/tw) — https://etherscan.io/address/0x86a3cd6ea5a1eb9c90f0045b92f94c8f768315de#tokentxns

VeChain/CPC Connection Wallet (VENCPCw) — https://etherscan.io/address/0x9e62d876c6844e0f5efdbbccc706c93e91b3a4e3#tokentxns

VeChain Holding/Transfer Wallet (VENH/Tw) — https://etherscan.io/address/0x00164aa8fe09f8f1ddd04e9245f33da426e735f5#tokentxns

Disclosure — I own both VeChain and CPC and this is not financial advice.