Balanc3 Showcases Financial Statements for Gnosis, Aragon and Digix
Earlier this week, the Balanc3 team showcased the financial statements of Gnosis, Aragon, and Digix.
The ConsenSys project seeks to add more financial transparency to the blockchain industry through its accounting software. The project will make it feasible for all token sales to publicly disclose how much they are spending on salaries, what they are paying in expenses, and what revenue they are generating. Management and investors will be able to easily track and gauge the protocol’s financial performance.
The Balanc3 platform aggregates data across exchanges and blockchains, resulting in financial reports that are compliant with existing accounting reporting standards. The information can then be easily read and accessed by investors, accountants, and management.
As regulators begin to look closer at the blockchain space with a particular focus on tokens, the Balanc3 team has developed the reporting tools, so token sales can operate at the highest standards of financial transparency and compliance. Hopefully, allowing the space to in earnest, to regulate itself.
Balanc3 has been working with Gnosis, Aragon, and Digix in testing the platform.
If you are interested in joining the beta, please contact Info@Balanc3.net
Aragon’s Balance Sheet | Income Statement
Gnosis Balance Sheet | Income Statement
Digix DAO’s Balance Sheet | Income Statement
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DISCLAIMER: The views expressed by the author above do not necessarily represent the views of Consensys AG. ConsenSys is a decentralized community with ConsenSys Media being a platform for members to freely express their diverse ideas and perspectives. To learn more about ConsenSys and Ethereum, please visit our website.
DISCLAIMER: The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, financial or investment advice from a qualified professional. These statements reflect certain financial information for the respective projects at a particular point in time, and are not updated in real-time. Further, the statements are based on information that the projects supplied to Balanc3, which we compiled into the displayed statements by using our software. While we use reasonable efforts to compile and display this information in an accurate manner, we do not warrant that any information contained in or made available in these statements is accurate, complete, reliable, current or error-free. We assume no liability or responsibility for any errors or omissions in the content of these statements. You should not rely on these statements for any purpose, including in making accounting, tax, financial or investment decisions.
