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Greetings, Children of the Fire!

One of the basic tenets behind the Vulcano Project is transparency. As a community project, the Vulcano Team knows that we are beholden to the community – the community is the heart and soul of Vulcano, and we are here to serve your best interests.

A major concern that exists in many cryptocurrency communities surrounds what the team does with premine/team funds. Some projects, like Ripple (XRP), have massive numbers of coins held by their team that they have no specific policy in place to handle. This creates uncertainty in the community and stokes fear that these resources could be misallocated. Other teams have seen developers exit-scam with the premine, leaving the community abandoned, leaderless, and cheated. We shall not allow this to happen with VULC.

 

In the interest of transparency, we would like to release the first document concerning official team holdings, transactions, and future plans. Thankfully, due to the fact that all of this exists on a blockchain, any member of the community can audit these accounts to see what is being done with the team funds. As of right now, there are too few transactions to justify the expense of a third-party audit, but as we become more active, this is something that will be done in the future.

 

To the best of our knowledge, a report such as this has never been released to the community by a team detailing all expenses coming out of the premine. While there are many costs not accounted in this, as they are paid for out-of-pocket by the team in fiat (development costs, many marketing expenses, travel, exchanges, etc), this is a full accounting of the VULC premine, compiled to the best of our abilities.

 

Additionally, as this is the first time we have done this, there are some discrepancies due to best practices having not been in place when we first began. As far as we know, no other project releases information to their community like this, so there was no set standard for how things were to be handled. Going forward, this has been standardized and should be much easier to compile.

 

Notable Discrepancies are:

1. The Primary 3^rd Party Premine Wallet could not have specific transactions output because it had been moved to a new wallet as the Governance Nodes were set up and the old wallet.dat destroyed as a security precaution. Future releases will have a full and itemized transaction list.
2. The Community Marketing Fund wallet, managed by Nikita, was inadvertently set to staking. The funds staked, resulting in the generation of 77,350 VULC, which will be burnt in the future. For the time being they reside in the Team Premine Fund (TXID: 340a53985f8f4d1afef075f42e65c04f1a3b2fe4b9d3b1608391f6aff7a905a6). This transaction was sent after the closing date of January 31^st, so it will reflect on later reports.
3. The Trivia Fund, managed by Alice_Liddel, was used to test a soon-to-be-released initiative, the Masternodes for Charity project, which involved sending 30,000 VULC out of the wallet. This was to be returned by the end of the month but was returned late (TXID: 6d23b50b8f97a04103755b958ea69f937edf676e06c5665f1f709dc549e478cc). This is why it shows a discrepancy for the closing date of January 31^st.

 

Basic transactions are tracked on the blockchain and are relatively easy to follow but will not be included in this document. For many of these addresses there may be occasional PoS transactions or block rewards as the wallet is unlocked to send coins. Due to the automatic use of change addresses, some of these funds move through many different addresses in the same wallet. Where possible, we have included destination addresses, but have anonymized the names.

 

Note: Balances displayed are as of January 31^st, 2019.

 

 

Official Vulcano Team Holdings:

 

3^rd Party Premine Address:

Final Balance: 8,355,042.0000 VULC
Note: This account is held in trust by a 3^rd Party. It is used to set up, configure, and run the Governance Masternodes. The team has no direct access to these funds whatsoever.

As this wallet is used primarily for Network Security, it has been used to set up and run various Masternodes and to stake during the network stabilization phase. This resulted in the generation of 152,602.00 VULC, which will be burnt at a later date.

ACCOUNTING NOTE: 152,602.00 VULC TO BE BURNT

 

Governance Masternodes: 200 Masternodes Permanently Locked for Governance Purposes

Total Balance: 10,000,000 VULC

Note: On January 25^th, 2019, the Vulcano Team established 200 masternodes to complete testing on the next version of the Vulcano Wallet, which will include governance. These masternodes will stay permanently locked and will not be available for sale. Any VULC generated during the testing period via masternode rewards will be burnt publicly for the community to see at a later date.

 

The TXIDs of the Masternodes can be found here:

1. b8af01e51e54fdf850a874de5ea5052edefb9b3f0f721fed01f151d904861a7c
2. 727624592263d89c91b3a4fc55e91953c2519e5b6739c8c5883190e142fd09e6
3. 60adb5556b3b1a83a78f9d730ec87787b02d427dcdc85af69fcc13b930ca8d5e
4. 4e16d23b529fddaab84de3e05f117eb341e4800d5ed69ad3765420142ffbc836
5. da11e6f47ba7c13cf8121bd1e0d0a2caed2fbb8de061bb8807e2bcbe10716540
6. 13794a5c8a1f6628c7cb70684dcde3788e37474f56a9129c03fec26868773b2d
7. f7eecb596ccc40ab177e763d549dacef6d516ce4de67f40fad5d13a48144e0ce
8. 5a050f20bfb4e1a64a74bdba3ef7e548a276a64c40ed8f8a39fa3af7526db7e8
9. eb5cc9c7d36c30bc44b2650b2e813cf619682c6ed0abef46954f16cf38c6eab5
10. 59ef9ef7a8fcc9612ca31231b9c51ec97d15560144e2d09591626a15dc015655
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165. 9ef5c684ecaecb6ff3f6c064d9d0ea176fc6ea68c97649e4ef4003f97aae06c0
166. d492c6d0253dd5af7a60cffa2747beb6584de9b45bd62ba59518c7becea44614
167. 37e6d94974d9f3b98b702d8523cb04c7762b334bf52958b959170eb30610f9db
168. b119bfe2f56c84b4fa546426aafc3b80d1f7c937c7680c7816eee01dba2d21a8
169. 3030bc4ee377c9fb2f6de486d1cb4023730e6e0b337d84356c29d67d194b37c7
170. f69896e3d244582e312637b95893e00aa722b4816c31cee3d6bd3e43f1f3ade8
171. 1022378732d31b5877ba10c0f584d8d4a5b5be873b4489e380625f9d14fbf030
172. 75cf9fa84260b61c1161a9c69200849ae28ed3360bdd62c3b60536e9ac04d56e
173. 286771353178bf9da45235f1a3d8c941fe36c1cdb26bcad5e31f078392f7ba8b
174. 69a79aa9a6ce4687d573d869b3692a9a1d6810c4012c6f52601e1550e2fd3bf3
175. c107025a10d4daef5c6a068b4aaceb9c3a99977a3825982a0795ad5aa003e993
176. 08dd927ebfed125126bf12ef3b6c4caae4025a3bfe69c69f00a257ad955427e4
177. aa0191ec312179733160a05768e739635636ba7360f58dac5f135747ff9ac2f1
178. ed0ad1f605a1ca012fc5cb41ab233aad9c2fd76eab008eedf08135a56ee0e1a2
179. 723bad1f390a8570ab0d33f014b679dd41f540c3e8311fc570050f9ffa9e9dee
180. dec51fc9231e0a064f3f3cd879b1989d8cabb42496dbf4a78a8873701e3439a6
181. 9f6dde6871aaac704f4e3d9c97dcdd49e2c4be10af6757e9174b33641cfbbca7
182. d0057bbe01c17dcd5633159de94b33e6f404985b9ca82a34a7e20fd3c7eaf2c7
183. 1dd2f2b6233652de890e43bf8587dbeb1d905a8b8ffced6585e349723dc56d79
184. 186af733653510b59eb11846d122056a9802d630bc14bef33f9c09134cb9a882
185. 5f9b5d20ac7209436673236b8c97a4435710295db353edea2f8ab8ed1d5340fd
186. aae8d19b66b3fe3dfce7211c8634ead7c781c9b2d9ea19989cb2b1548709358e
187. bab330eb9c209530d293092d021f27d9967b8e298a62c1106197c937025dce41
188. 26c5ea8ecfe64a4029e15de4439e5288e444c40acb7cefe41f953a3684e611c7
189. 9c85c8d7b837e9ad86c99488609418ce98d3d13b4f8de73c69e273d6ce4a572f
190. add1016976edf3b09faba0d031d32149a899356b361cb23ed01ea1fb06b41b16
191. 0ab6cb700e04e64509838d916776cf1d51872df9955deca6320fa90bb73cd7d8
192. bd2ab4cb2e5013e00bf6a9bc8d291aeb03a88d2e4a6265be46f39d4c8e9739a1
193. f40181ed4e6308fa45e31f38603a0c26aee3332ef475e836e8a59f4ce580f1fb
194. 3bba8716c6d2eb7155c5efdd20b2e96587157619c1477e536656721c83c2667c
195. 087950264ab39ee03eb8b58d205bc98657a0fc7c2ab7df7a02f87863204dcd10
196. b2b6d16c6b84fe598e782cf9eac27d061245a8c258fab3c1cd985094d916365a
197. 5c37e05e3495e556437be1626af05ceceea06bec57ad44a24b2f3aea191f79b8
198. b23de7b0df7c0bd878d1284d82685a71283f8dcdf65cb1bd0902b4880d4fc9df
199. 60e372390c464288d645026dace994acffd211aeba2b34922d63450e2aa572c3
200. 4dcfc821f3e7df497f52096649fd4fed7e74b4711ea57ded70ecbdc60d55c7fa

 

 

Team Premine Addresses:

Final Balance: 2,559,589.2498 VULC

Note: This is the main account for team funds. Several large transactions can be seen moving in and out to sub-accounts for dispersal for Trivia or Bounties. This address is managed by Vygur. This is the primary account for the payment of bounties and other daily expenses. There was a single stake of 175 VULC, which will be publicly burnt at a later date.

ACCOUNTING NOTE: 175 VULC TO BE BURNT

 

Community Marketing Wallet

Final Balance: 0 VULC

Note: This was an account which made transactions for community initiatives led by Nikita. While it is no longer in use, this wallet was used by Nikita. Due to a configuration error, the wallet was staking during much of its existence leading to the generation of 77,350 VULC. This will be burnt publicly at a later date.

ACCOUNTING NOTE: 77,350 VULC TO BE BURNT

 

Trivia Wallet

Final Balance: 9200 VULC

Note: This stated balance does no include the 30,000 VULC which were sent back to the wallet on February 3^rd (TXID: 6d23b50b8f97a04103755b958ea69f937edf676e06c5665f1f709dc549e478cc) after the successful testing of the Masternodes for Charity Proof of Concept. There were no stake rewards recorded by this wallet.

The Vulcano Team is proud to announce that we are beginning testing on the governance portion of the next wallet release! In order to maximize stability during testing, we will be spinning up approximately 200 masternodes out of the premine to test the governance consensus. In the interest of transparency, we will post the TXIDs of these nodes so that they can be monitored. All of the coins generated during this testing period will be burnt at a later date, and held in escrow by a third party.

This phase of testing is very important for the future of Vulcano, and we look forward to sharing the results of our hard work!

 

UPDATE:

Listed below are all the transaction ID’s for the masternodes created:
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25a13370fd41ec93a0bd020c5bf7efb2c952d1a60e53babf574e39244903ca43
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559181f009f47d6ca464a3d6239ab49cb299b8bffdbbf3d056f638039f063dd8
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The Vulcano Team is happy to announce that they have met with Dr. Pramuk Unahalekhaka, the Dean of the Faculty of Engineering at Rajamangala Institute of Technology Suvarnabhumi, to sign documents solidifying the first many relationships with universities around the world. Rajamangala Institute of Technology Suvarnabhumi is home to Professor Chanarop Vichalai, a seismic researcher of note. Working in concert with the rest of the Faculty of Engineering at the Rajamangala University of Technology Suvarnabhumi, Professor Vichalai will push forward with the development of low-cost networked seismic sensors specifically designed for the monitoring of volcanic activity. Typically, seismographs currently in use are high-cost and cannot be easily deployed, making monitoring of volcanic sites around the world spotty at best. The Vulcano Team will solve this problem with the help of Professor Vichalai and his team of researchers at the Rajamangala University of Technology Suvarnabhumi.

Jason “BitBender” Brink and Wit “BloodyEwe” Sumathavanit have been in talks with the university since August and have received preliminary proposals for the network which show how it will be created and deployed. The team plans to release the full details of this proposal in the near future so that members of the community can be appraised of the ultimate goals and progress of the Vulcano-sponsored research initiatives as they move forward. Funding for this project was drawn from personal team funds and not from the premine or community funds; this was does to verify that the research pipelines can be established and made to function without the use of the shared community resources.

Keep watching as The Vulcano Team continues to build this network of research institutions from around the world and work to take sustainability to the next level!