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  3. Walton Chain Foundation Expenses (Q3 2019)

As of October 1, 2019, the total expenses of Walton Chain Foundation in Q3 2019 are 940,323 WTC and the balance is 10,792,549 WTC.

Expense details by accounts:

1. Waltonchain Global Ecosystem Incubation Fund: 0x309a272885bdeA62d99c4E32E40bEe93A3cCef6a

Spent: 464,623 WTC

Balance as of October 1: 9,057,851 WTC

Expense items:

Hardware deployment, software development and maintenance for the DMTC child chain project; development, pre-research and testing for new child chain projects.

2. Waltonchain R&D Fund: 0xE12E727deE902CBB27227F924003Dd421210cBB5

Spent: 130,000 WTC

Balance as of October 1: 389,050 WTC

Expense items:

The 2nd audit of the code of Fully Operational Waltonchain Mainnet; token swap; development and upgrading of software systems of KIRINMINER Mall, Blue Paper app, KirinPool (including testing, audit, office supplies and equipment depreciation besides HR expenses; server and network fees); RFID chip testing and function optimization; development of auxiliary handheld RFID reader-writer and fixed reader-writer.

3. Waltonchain Marketing Fund: 0x188616e2D481d17190655B8112250912139fB118

Spent: 115,700 WTC

Balance as of October 1: 496,667 WTC

Expense items:

Waltonchain offline exhibitions and online events; token swap preparation and activities on exchanges (token swap started on October 15, 2019); marketing of business applications; autonomous community incentives, community activities and material expenses.

4. Waltonchain HR Fund: 0x511fb75A1E1526A3732a49e90d35D84d785f4F1B

Spent: 130,000 WTC

Balance as of October 1: 367,445 WTC

Expense items:

Project labor cost coverage

5. Waltonchain Operations Fund: 0x2B2267eCb305f81573058487f64393BA03191d80

Spent: 50,000 WTC

Balance as of October 1: 432,598 WTC

Expense items:

Space rent and administrative costs

6. Other Fund: 0xa3fb24D930C89eaB1ad7B8149dbaA9c99a029251

Spent: 50,000 WTC

Balance as of October 1: 48,938 WTC

Expense items:

Fully Operational Waltonchain Mainnet miner payouts in Q3 (advanced by the Foundation); emergency reserve.