Development Update For CryptoCount:
CryptoCount - The Accounting Extension For Block Rewards
#Development Blog
portaltoblockchain.org/cryptocountBlog.html
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Hello! We’re happy to share our development blog for our debut project called “CryptoCount” - a block rewards accounting application that allows you to realize your block rewards in your country’s fiat currency for income tax reporting.
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Hello! TLDR; CryptoCount development is on schedule! Read on for details!
https://www.portaltoblockchain.org
We’re pleased to inform the Tezos community that development for CryptoCount is on schedule and progressing past our first milestone - core technology development.
Our team at the Portal To Blockchain Organization has constructed the core framework of the system. Our api server client dialogue is approaching finalization. Our external data fetching is nearly complete. The specific architecture of our databases and their relationships with the main backend server is also near completion.
We now look ahead to April where we will transition from mostly core development to user graphics and Tezos ecosystem integration.
We think that you in the community will be happy to use CryptoCount for two reasons:
(sub) TLDR; 1) CryptoCount is super easy to use. 2) CryptoCount saves you money!
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CryptoCount is designed for functionality. Accounting is made visual and simple in CryptoCount. Your rewards will be tracked asynchronously, awaiting you to realize them over a basis price in your country’s fiat currency. Our graphics and live realization tools makes the app pleasing, even for accounting.
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CryptoCount saves users money by helping them report lower amounts of reward income. In addition to accounting your rewards over a basis, you can also depreciate your rewards, live and visualized, for the most optimized and accurate accounting.
In conclusion, we are honored to work for and with the Tezos community to deliver the best software possible.
Please feel free to reach out if you have any questions or want to get in touch about the project!
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Hello!
We are pleased to announce the completion of Milestone 1. Milestone 1 is the core technology development for CryptoCount.
This faze of the project entailed of scaling our database to hold 40 fiat prices, marketCaps, user accounts, user analysis realization histories, and more.
On the front end, this faze entailed having users select their country’s fiat currency and basis date via a calendar selector with all necessary contextual info, in order for a user to observe their block reward analysis.
On the back end, this faze meant developing the analysis function and its corresponding dependency functions. This meant generating and using a complex query set from the baking bad api. The delegator block rewards are fully analyzed and are prepared for user toggling and playing by this faze of the project.
Please check out our blog to read more and find the link to our GitHub!
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Hi all at Tezos Agora!
CryptoCount.co has been REVIVED. CryptoCount provides Fair Market Value (FMV) and two depreciation accounting sets of native Tez block rewards.
Hop onto https://CryptoCount.co to get income metrics in your fiat currency in 4 clicks.
CryptoCount’s API is available for integration of CryptoCount’s accounting objects into your app. Now you can get XTZ → FIAT data for your users, perfect for building user confidence in Tezos when they realize assets from the ecosystem. (API DOCU HERE: https://portaltoblockchain.org).
CRYPTOCOUNT is a read only project and the builders at PTBO TECH never store any personal information.
Check out CryptoCount stats at (https://cryptocount.co) to check on the project’s health.
Cheers everyone!
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Hey guys, PTBO TECH will be adding mockups of XTZ transactions into fiat capital gains to https://cryptocount.co/ shortly. Check out its current functionality → mocking up block reward sales into your fiat currency! New analysis interface available.
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CryptoCount is a platform that helps individuals and businesses with their cryptocurrency tax reporting. It provides an accounting extension specifically for Tezos (XTZ) block rewards, making it easier for users to keep track of their XTZ income and accurately report it on their tax returns. The platform integrates with popular cryptocurrency payment gateway in Uae wallets and exchanges, automatically importing data and generating tax forms such as Form 8949 and the 1040 Schedule D. By streamlining the tax reporting process, CryptoCount helps users stay compliant with the tax laws and avoid penalties or fines.
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PTBO TECH has opened development on its new CryptoCount Tax Smart Contract AI Indexer. The AI sorts Tezos users’ smart contract operations between entry and exit to token positions and yields/dividends/rewards from participating in the contract.
These two actions require different tax accounting between capital gain tax accounting and Fair Market Value income accounting.
We are currently building training sets for the AI to learn from. We are looking for more users to help us build these cases to train the AI. If you are interested in providing operation context to help train our AI please email henrik@ptbotech.org or join our Discord available through https://cryptocount.co
http://ptbotech.org/ will be running the first training session for https://cryptocount.co/ ’s TensorFlow AI Model tomorrow. The model’s purpose is categorize on chain transactions by their accounting need: Capital Gain or Fair Market Value. We’ll be opening a new directory in the AI repo (GitHub - HenrikMoe/CryptoCountAI: CryptoCount's On-Chain Transaction and Reverse Engineering Smart Contract AI) for the manually created result sets shortly. Thanks all!
Hey guys! We’re proud to announce the proposals for https://cryptocount.co/ 0.3.N have been submitted to the Tezos Foundation.
The flagship is the On-Chain Transaction Categorization AI that will save Tezonians thousands in CPA hourly fees every tax season.
Take a look at them here: Portal To Blockchain Organization
CryptoCount’s Q2: Development of XTZ + Token Capital Gain Accounting and Token Reward FMV Assessments
Greetings Agorians,
CryptoCount.co is currently live offering free FMV Assessments of Block Rewards. Paste your address to mockup exits of XTZ rewards this tax season for easy realization of passive income.
For Q2 of 2023, PTBOTECH(.org) is developing CryptoCount 0.3. 0.3 supports exit mockups of every asset in the Tezos ecosystem. This will be possible with PTBOTECH’s CryptoCount AI - a solution for reverse engineering on-chain transactions to categorize them by assessment requirement: Fair Market Value or Capital Gain.
In order to properly train our AI, we’re seeking users from every walk of the Tezos Ecosystem to supply us with their addresses and experiences participating in every contract project. If you’re interested in helping train CryptoCount AI to handle your taxes for 2024 join our Discord here: discord.gg/7rYEu5c32E
That’s all, happy Tax season everyone! /s
