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

# Botto Treasury (net) Methodology

## 1. Overview

The Botto treasury net metric measures the total USD value of all tokens held in the official Botto DAO treasury wallets. This metric provides insight into the financial health and asset holdings of the Botto decentralized autonomous organization. The calculation tracks token balances across time by monitoring blockchain transfer events, converting token amounts to USD values using end-of-day price feeds, and aggregating all holdings to produce a comprehensive treasury valuation.

## 2. Data sources

- **Ethereum token transfer events**: Parsed `Transfer` events from ERC-20 token contracts to track token movements into and out of treasury addresses
- **Ethereum transaction traces**: Transaction context and execution details for transfer events
- **End-of-day token price feeds**: Daily USD price data for all tokens held in the treasury
- **Token metadata**: Contract information including token symbols, decimal places, and contract addresses
- **Treasury wallet addresses**: Hardcoded official Botto DAO treasury wallet addresses

## 3. Step-by-step calculation

### Component A: Token balance change tracking
- **Purpose**: Identifies and quantifies all token movements affecting Botto treasury wallets
- **Logic**: The system monitors Ethereum blockchain for `Transfer` events where either the sender or recipient is one of the two official Botto treasury addresses (`0x000a837ddd815bcba0fa91a98a50aa7a3fa62c9c` and `0x35bb964878d7b6ddfa69cf0b97ee63fa3c9d9b49`). For each relevant transfer event, the system calculates the net balance change by adding inbound transfers and subtracting outbound transfers. The BOTTO governance token (`0x9dfad1b7102d46b1b197b90095b5c4e9f5845bba`) is explicitly excluded from treasury calculations to avoid double-counting governance assets
- **Key fields**: `timestamp` for event timing, `account_address` for treasury wallet identification, `token_address` for asset identification, and `balance` for the net change amount

### Component B: Cumulative balance computation
- **Purpose**: Calculates running token balances over time for each treasury address and token combination
- **Logic**: Using the balance changes from Component A, the system computes cumulative balances by applying a running sum ordered by timestamp. This calculation is partitioned by timestamp grain, chain, account address, and token address to ensure accurate balance tracking for each unique combination. The cumulative calculation ensures that the current balance reflects all historical token movements
- **Key fields**: `balance` representing the cumulative token amount held at each point in time

### Component C: Forward filling
- **Purpose**: Ensures continuous balance history even during periods with no token transactions
- **Logic**: The system uses a forward-filling process to propagate the last known balance across time periods where no transactions occurred. This creates a complete daily balance history for each token and treasury address combination, enabling consistent valuation calculations across all time periods
- **Key fields**: `balance` values are carried forward to fill gaps in the time series

### Component D: USD conversion
- **Purpose**: Converts token balances to USD values for aggregation and reporting
- **Logic**: The system joins the forward-filled token balances with end-of-day price feeds, matching on timestamp, chain, and token address. Each token balance is multiplied by its corresponding USD price to calculate the dollar value. Only positive balances are included in USD conversion, and only daily price feeds are used to ensure consistency
- **Key fields**: `amount` representing the USD value calculated as balance multiplied by `price_usd`

### Final aggregation
- **Combining components**: The USD-converted token values from all treasury addresses and all tokens are summed together to produce the total treasury net worth
- **Currency conversion**: USD conversion occurs at the token level using end-of-day price feeds before aggregation
- **Time aggregation**: Daily boundaries are maintained throughout the calculation, with all values reported on a daily basis
- **Final calculation**: The treasury net metric equals the sum of all USD-converted token balances held across both treasury addresses, excluding the BOTTO governance token

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

Total value of a project's treasury excluding its native token.

BottoBOTTO

Treasury (net)

Treasury (net)

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