To Whom It May Concern-
"We believe that both blockchains and dapps are conceptually similar to traditional marketplace companies. They are internet-native businesses whose services generate fees that is split between the projects’ supply-side participants and owners. These businesses are owned and operated by their token-holders, similar to how companies are owned and operated by their shareholders.
This is why we want to measure and evaluate the performance of blockchains and dapps using financial key performance indicators and correct the misunderstanding—where applicable—of crypto being all about currencies. An increasing amount of blockchains and dapps can be valued by measuring their usage and cash flows."
Token Terminal says, I agree and therefore I quote.
I am attaching a screenshot from Token Terminal; what would it take for the relevant sections of this dashboard to get populated?
Why Token Terminal? Because it has become a popular and must-have tool in our space, and therefore provides us with a standard to begin with instead of struggling to define those at the first place.
I want to stay focussed on financials on this “need”. Before proceeding, I would like to state that I am aware of the differences in transparency obligations between private and public companies in the US and that I am not seeking PNI data.
The objective here is to meet minimum expectations and standards in financial transparency in our space to gain more legitimacy. Moreover, we should figure those metrics out anyway.
Here is a compilation of questions I have asked in the TG channels-
a) So what is revenue for us?
b) What is cost for us? How do we plausibly separate the costs incurred by PNI, PNF and DAO and figure out what goes into the calculations and what doesn’t?
c) Do we give public access to our over/under data between revenue and cost?
d) Is Pocket a commodity or is Pocket a public good, because I have read both? That will have an implication in how we do our financials.
e) Who is accountable to measure and manage this data/sets of data? Will be it the CFO of PNI, qualified resources in PNF/DAO or will it be a combined effort? Could we lay this out clearly?
The above list is not exhaustive and could be cursory. But hopefully it adds some fuel needed to define, extract and publish Financial KPIs and meet the ‘minimum standards’ in this space. That includes enabling dashboards such as that on Token Terminal + more to be filled.
Are there resource related and/or strategic reasons to not start working on this right now? Does this also have to wait until V1 and/or execution of PIP 26?