The VeChain Foundation Financial Report — 2021 Overview

A Brand New Launch for VeChain Foundation Finance Reports

An Evolving Foundation To Meet Evolving Needs

Embracing The Era Of Regulation

Balance Sheet of 2021

P/L Sheet(Including all spendings)

  • Ecosystem development: Including ecosystem partners cooperation like exchanges, custodians, wallet providers, brokers etc., community events, ecosystem projects cooperation and business case development
  • Ecosystem operation: Including the operation cost such as team cost, office rents, utilities, consulting fees, external services;
  • Ecosystem investment: Including the grants, incubations, accelerations, and investments for VeChain ecosystem projects;
  • Technical operation: Including technical team human cost, incentives, travel spending and the cost of attending events, external technical services like smart contract auditings, security auditings, penetration testings etc.;
  • Technical infrastructure: Including cloud service fees and other infrastructure implementation fees.
  • Legal & Finance: Including entity setup, compliance consulting, legal and finance service fees;
  • PR & Marketing: Including marketing events, sponsorship and commercials, communication and media services;
  • R&D: Including technical research & development, Scholar program sponsorship, IP related costs;

Key Disclosure

Technical Achievements

A Focus On Sustainability

Expanding Business Cases

Reallocation of Assets

  • Enterprise Investor Pool
  • Co-founder, Development Team
  • Ongoing Operation and Technological Development
  • Business Development

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Vechain, based in San Marino, Europe built VechainThor, a powerful blockchain enabling a sustainability revolution

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vechain

Vechain, based in San Marino, Europe built VechainThor, a powerful blockchain enabling a sustainability revolution