I would like to open up a conversation on key metrics that members would like to see when it comes to council reporting for 2019.
The NEM elections are coming up next month and I am running for the position of secretary and council member. A policy proposal is to provide regular reports to members on key metrics which will be tracked and measured.
Below are some of my thoughts and I would like to open up to the community for further suggestions. This list below is just a rough idea and not set in stone. I am sure there is more we can add or remove. It will still be pending council approval, community feedback would be important.
- Public Chain activity
o On-chain transaction volume
o Transaction count
o Count of nodes
o Namespaces created and transactions
o Mosaics created and transactions
o New commits
o Open and closed issues
- Use Cases
o No of projects using the NEM public chain (break down by region)
o Average on-chain transactions per use case
o Count of exchanges
o Total trading volume
o Trading pairs of FIAT to Crypto, Crypto to Crypto
- NEM Forum
o Postings and comments
o Overall engagements
- Social Media
o Reddit subscribers - active users, posts and comments
o Twitter - tweets, retweets, mentions
o Google search trends
o Facebook/Instagram/LinkedIn - likes and comments
Have also received feedback and areas to look at (open for discussions on how to best track practically):
- Average project/customer acquisition cost
- Return on investment on conference/sponsorships/events (i.e conversion of leads into successful NEM projects)
Reference - have taken some of the metrics from CoinDesk Crypto-Economics Explorer thanks to @Dan_V’s suggestion. This should definitely been brought up before the elections, there has been good weekly regional progress updates previously and we can work towards building a more robust ‘track and measure’ system for the year to come.
Looking forward to a productive discussion!