Botto creates 350 visual pieces a week and presents them to the community. Every week the most voted piece is minted and auctioned on SuperRare.

Botto is a decentralized autonomous artist. Botto was founded by Mario Klingemann, Eleven Yellow, Coleccion SOLO, and Carbono and launched in 2021.

BOTTO tokenholders own and govern the protocol. They currently manage the proceeds from the auctioned NFTs (revenue). 

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# Botto Treasury Methodology

## 1. Overview

The Botto treasury metric measures the total USD value of all tokens held across Botto's treasury addresses on Ethereum. This metric provides visibility into the protocol's financial reserves by tracking token balances in real-time and converting them to USD values using end-of-day pricing. The calculation aggregates holdings across multiple treasury addresses and all supported tokens to produce a comprehensive daily treasury valuation.

## 2. Data sources

- **Ethereum blockchain events**: Parsed `Transfer` events and transaction traces from Ethereum to track all token movements
- **Token transfer logs**: ERC-20 token transfer events showing inflows and outflows for treasury addresses
- **Transaction data**: Ethereum transaction records and traces to capture all token interactions
- **External data**: End-of-day token price feeds for USD conversion and token metadata for decimal handling
- **Treasury addresses**: Two specific Ethereum addresses designated as Botto treasury wallets

## 3. Step-by-step calculation

### Component A: Balance change extraction
- **Purpose**: Identifies all token movements affecting Botto's treasury addresses
- **Logic**: Uses the calculate token balance changes macro to process raw Ethereum blockchain data and extract balance changes for two specific treasury addresses: `0x000a837ddd815bcba0fa91a98a50aa7a3fa62c9c` and `0x35bb964878d7b6ddfa69cf0b97ee63fa3c9d9b49`. The system analyzes parsed `Transfer` events and transaction traces to identify when tokens flow into or out of these addresses. Each balance change is recorded with timestamp, chain identifier, account address, token address, and the net balance change amount.
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, `balance` (representing the change in balance), `token_symbol`

### Component B: Cumulative balance calculation
- **Purpose**: Converts balance changes into running token balances over time
- **Logic**: Applies window functions to calculate cumulative token balances for each token at each treasury address. The calculation partitions data by timestamp grain, chain, account address, and token address, then orders by timestamp to compute running sums. This transforms individual balance change events into continuous balance snapshots showing the total amount of each token held at any point in time.
- **Key fields**: `balance` (now representing cumulative balance rather than changes)

### Component C: Forward-fill missing data
- **Purpose**: Ensures continuous daily data by propagating balances forward
- **Logic**: Uses the fill forward macro to address gaps in the data where no token transactions occurred on certain days. The system identifies the last known balance for each token and treasury address combination, then propagates this value forward to subsequent days until a new transaction updates the balance. This ensures every day has a complete picture of treasury holdings even when no transactions occur.
- **Key fields**: Forward-filled `balance` values maintaining data continuity

### Component D: USD conversion
- **Purpose**: Converts token balances to USD values for aggregation
- **Logic**: Joins the forward-filled balance data with end-of-day token price feeds. For each token balance, the system multiplies the token amount by the corresponding daily closing price to calculate USD value. The join matches on timestamp, chain identifier, and token address to ensure accurate price matching. Only positive balances are included in the conversion, and the system uses safe multiplication to handle potential null values.
- **Key fields**: `amount` (USD value of token holdings), derived from multiplying `balance` by `price_usd`

### Final aggregation
- **Combining components**: The methodology sums USD values across all tokens and both treasury addresses to calculate total daily treasury value. No additional grouping is needed since each row already represents the USD value of a specific token holding
- **Currency conversion**: USD conversion occurs using end-of-day price feeds with daily granularity. The system ensures price timestamps match balance timestamps exactly for accurate valuation
- **Time aggregation**: Data is aggregated to daily granularity with timestamp grain set to 'day'. The forward-fill process ensures continuous daily coverage even when no transactions occur
- **Final calculation**: The treasury metric represents the sum of all USD-denominated token holdings across both designated treasury addresses, providing a comprehensive daily valuation of Botto's treasury reserves. The finalize metric treasury macro applies final formatting and a fill zeros strategy for any remaining data gaps

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value of a project's onchain treasury, including its native token.

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Treasury

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