{"id":445057,"date":"2022-05-11T07:24:56","date_gmt":"2022-05-11T04:24:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vechain-foundation-reports-1-2b-crypto-treasury-but-spent-just-4m-in-q1\/"},"modified":"2022-05-11T07:24:56","modified_gmt":"2022-05-11T04:24:56","slug":"vechain-foundation-reports-1-2b-crypto-treasury-but-spent-just-4m-in-q1","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vechain-foundation-reports-1-2b-crypto-treasury-but-spent-just-4m-in-q1\/","title":{"rendered":"# VeChain Foundation reports $1.2B crypto treasury\u2026 but spent just $4M in Q1"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e739f625dc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e739f625dc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/vechain-foundation-reports-1-2b-crypto-treasury-but-spent-just-4m-in-q1\/#%E2%80%9D_VeChain_Foundation_reports_12B_crypto_treasury%E2%80%A6_but_spent_just_4M_in_Q1_%E2%80%9C\" >&#8221; VeChain Foundation reports $1.2B crypto treasury\u2026 but spent just $4M in Q1 &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_VeChain_Foundation_reports_12B_crypto_treasury%E2%80%A6_but_spent_just_4M_in_Q1_%E2%80%9C\"><\/span>&#8221; VeChain Foundation reports $1.2B crypto treasury\u2026 but spent just $4M in Q1 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter.<\/p>\n<p>VeChain (VET) is a blockchain project designed to enhance supply chain management.. <\/p>\n<p>The Foundation\u2019s May 10 financial <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.vechain.org\/vechain-foundation-financial-report-q1-2022\/\">report<\/a> for Q1 2022 outlines its balance sheet as of March 31 and how it spent funds through the quarter. Although the treasury opened the year with $1.37 billion in assets between stablecoins, Bitcoin (BTC), Ether (ETH), and VET, it ended with $1.2 billion. The report states that most of the losses were incurred \u201cdue to crypto market fluctuations and other VeChain Foundation outgoings.\u201d<\/p>\n<p>The BTC price has fallen 34% since, ETH has fallen 36%, and VET has fallen 54% since Dec. 31, 2021 when the project marked the beginning of its Q1 tracking through March 31.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In the interest of continued transparency relating to the holdings and expenditures of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/VeChain?src=hash&amp;ref_src=twsrc%5Etfw\">#VeChain<\/a> Foundation, we are h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>y to share the Q1 2022 Financial Report:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/eJzc3NmBAx\">https:\/\/t.co\/eJzc3NmBAx<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/SmartContracts?src=hash&amp;ref_src=twsrc%5Etfw\">#SmartContracts<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#Blockchain<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Finance?src=hash&amp;ref_src=twsrc%5Etfw\">#Finance<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\">#Cryptocurrency<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/VeChainThor?src=hash&amp;ref_src=twsrc%5Etfw\">#VeChainThor<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$VET<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24VTHO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$VTHO<\/a><\/p>\n<p>\u2014 VeChain Foundation (@vechainofficial) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/vechainofficial\/status\/1524031206613991426?ref_src=twsrc%5Etfw\">May 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nOf the $4.1 million outlaid in the first quarter the Foundation spent $1.8 million on ecosystem business development, which was the highest expense. That includes partnerships, custodians, wallet providers, brokers, community events, and ecosystem project cooperation.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/39ee709e-701d-40ba-aae6-6eae1c16e49a.PNG\"><figcaption style=\"text-align: center;\">VeChain Foundation treasury from Q1 2022<\/figcaption><\/figure>\n<p>Next was $1.1 million on ecosystem operations such as team costs, office space, utilities, consulting fees, and external services.<\/p>\n<p>While the report states that the treasury will be used to \u201censure the long term development of the VeChainThor blockchain,\u201d it is unclear whether the foundation will open the faucet on its treasury for more expenditures on investments. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/037c2f81-2ba6-4d7f-96e5-ca9cc62c4163.PNG\"><figcaption style=\"text-align: center;\">VeChain Foundation Expenditures through Q1 2022<\/figcaption><\/figure>\n<p>Also absent from the report is how much money the Foundation earned through the first quarter. The VeChainThor blockchain collects fees for transactions that are distributed between validators and other stakeholders in the ecosystem. However, data on the total amount of fees accrued is not clear from the financial report.<\/p>\n<p>VeChain\u2019s carbon emissions data management system and VeCarbon\u2019s partnership with cement industry players were announced in the financial report. <\/p>\n<p><strong><em>Related: VeChain can be used as payment in 2M stores \u2014 and VET bridged to BNB chain<\/em><\/strong><\/p>\n<p>During Q1, VeChain launched its own <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VechainThorCom\/status\/1523986631950315522\">stablecoin<\/a> through the Stably stablecoin issuer known as VeUSD. It also formed a partnership with Amazon Web Service (AWS) to build the VeCarbon emission management software as a service (SaaS) system for China. <\/p>\n<p>VET has a market cap of $2.6 billion and is down about 0.6% over the past 24 hours, trading at $0.04 according to Coingecko <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/vechain\">data<\/a>.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/vechain-foundation-unveils-1-2b-crypto-treasury-but-spent-just-4m-in-q1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; VeChain Foundation reports $1.2B crypto treasury\u2026 but spent just $4M in Q1 &#8220; The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter. VeChain (VET) is a blockchain project designed to enhance supply&#8230;<\/p>\n","protected":false},"author":1,"featured_media":445058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvODAzMzEwNTEtYTgwMi00NDU1LWE4YzItNjAzYzNkMmRjYzc2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88725,79699,117,70610],"class_list":["post-445057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-assets","tag-vechain","tag-business","tag-finance"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/445057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=445057"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/445057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/445058"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=445057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=445057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=445057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}