Users connect a TON wallet and Telegram account to buy Telegram Stars, Premium and Ads, to trade collectible usernames and numbers in auctions and sales, and to withdraw creator rewards. Payments settle in TON.

Fragment is a free platform which facilitates the transaction of collectibles between users and the purchase of services from third parties, such as Telegram Premium and Telegram Ads. It supports direct sales and public auctions.

Fragment is a platform for Telegram users, content creators, bot developers and advertisers, built on the TON blockchain.

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Fragment

# Fragment Expenses Methodology

## 1. Overview

The total operating cost incurred by Fragment for platform operations is measured by Expenses. Creator rewards, including Telegram Stars withdrawals by bots and advertisement revenue share distributed to channels, are captured as the primary operating expense. These payouts are distributed on-chain in the native asset of the network and converted to USD.

## 2. Data sources

- **Blockchain events**: Message transfers associated with designated payout wallets, covering TON
- **External data**: End-of-day price feeds for the native asset (TON)

## 3. Step-by-step calculation

### Component A: Payout flow identification

- **Purpose**: The identification of on-chain creator reward payouts from Fragment.
- **Logic**: Message transfers on TON are filtered for the isolation of outgoing transactions from designated payout wallets. Transactions are included if the source address is matched to the defined payout wallets, the destination address is excluded from internal wallets, the message is not bounced, the transfer value is greater than zero, and the message comment is prefixed with `Reward from Telegram`.
- **Key fields**: `source`, `destination`, `value`, `comment`

### Component B: Normalization and USD conversion

- **Purpose**: The conversion of raw payout amounts into USD.
- **Logic**: Payout amounts are aggregated by day. Raw values are normalized by decimal precision for representation as whole units of the native asset. These normalized amounts are then multiplied by end-of-day price feeds for the determination of daily expenses in USD.
- **Key fields**: `amount`, `timestamp`

### Component C: Expenses equivalence mapping

- **Purpose**: The mapping of cost of revenue to total expenses.
- **Logic**: Total expenses are mapped directly from the calculated cost of revenue in a 1:1 relationship where all platform expenses are comprised of creator reward payouts.
- **Key fields**: `expenses`, `cost_of_revenue`

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

Total project operating and incentive expenses.

Fragment

Expenses

Expenses

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