Netrunner is a detailed portfolio tracker with Tax reporting capabilities.
Users can view their NFT’s including those staked, total portfolio value and profit and loss.
One feature that is very useful is the conversion of profit/loss/cost into USD value so you can track actual value of your NFT’s
An additional feature which is very useful is the Tax reporting capabilities.
Import your csv files from external platforms and reconcile your transactions and produce a Tax report for the end of the financial year.
Want to check out the platform for yourself? You can find the link right here
In the past staking was available to access further features, as of July 17, 2023 things have changed.
OG Holders that had staked previous to this date will still have lifetime access, including taxation report features but need to keep the NFT in the previously staked wallet. If it leaves this wallet you will loose access and loose OG status.
Subscription tiers and future NFT holders will be required to burn 1 x Netrunner NFT in exchange for 1 x fiscal year tax report according to the following annual subscription tiers:
As stated, new Netrunner NFT holders will burn the NFT (via site) which will grant the user a ‘Plus’ subscription for one fiscal year. If the user owns a Netrunner NFT and requires either the Pro or Unlimited subscription, they will be required to pay a ‘gap’ fee.
The gap fee will be the difference between the floor price of NR & the subscription fee for the tier required.
E.g NR fp of 2 SOL ($43.36usd). To access the Pro tier, they will need to burn 1 x NR NFT and pay the gap fee.
In this example $167 – $43.36 = $123.64 gap fee.
The gap fee will be payable in usdc and/or solana. Users will also be able to sign up & pay full price without burning an NFT if preferred.
Users that have at least 1 Netrunner NFT will be able to generate a unique referral link and will receive a 50% sales commission for every sign up via their unique link.
Direct referrals will be paid out weekly.
25% of affiliate sales revenue will be allocated to our affiliate rewards program.
Once live, the affiliate rewards will be calculated and distributed per eligible Netrunner NFT every 90 days.
Rewards are calculated by dividing 25% of affiliate sales revenue by the amount of eligible NFT’s so it’s in holders best interest to promote the platform.
Now we all love trading and making profits but the documenting not so much.
To effectively use this platform it is in your best interest to treat it like a business. This means regular reconciliation before you forget what the transaction was all about.
This is made easy as every unlabelled transaction comes with a Solscan transaction link to reference.
This collection is a pfp collection by artist Neuromind. This collection was an airdrop to Netrunner holders.
Combine a Cyber Syndicate and a Netrunner to unlock the Tradoor Suite within the portfolio tracker & tax reporting dapp.
At this current stage this means holders can list. and delist direct from the Netrunner dapp. Other utilities are planned but not disclosed as yet.
https://twitter.com/Meat_netrunner
https://twitter.com/sig_brisksec
https://twitter.com/NeuromindArt
This is “Not Financial Advice” but if you trade NFT’s it is a good idea to own one of these.
Not often will I give an almost all positive review and try to stay impartial but this platform is amazing and unmatched by none at this current time.
Speaking from experience I have used Tax calculators such as Koinly and CryptoTaxCalculator which are not cheap and not very user friendly when managing NFT’s.
Netrunner platform is much easier to use. The labelling of transactions alone was amazing. The platform has labels for Staking Rewards, Airdrops even OTC transactions.
The only downfall is there are still many, many transactions that fail to automatically label. These flag and need to be manually assigned.
Honestly the initial catch up is brutal to go through all these unlabelled transactions.But who’s fault is that?
Really we should have been documenting transactions the whole time, treating our trading as income.
To put in perspective how much competitors charge (in USD billed annually)
Koinly under 3k Tansactions $172, greater than 1ok Transactions $269+
CryptoTaxCalculator less than 10k Transactions $172 greater than 10k Transactions $345
One feature I really like is the ability to list directly from the Netrunner platform. (Need to hold BOTH Netrunner and Cyber Syndicate collection.)
No more calculations to find what your profit/loss will be they are clearly shown in both Sol and USD Value.
At the moment you may import csv files from other platforms and exchanges but plans are to secure the Solana market and scale to included other chains.
The platform is already impressive and improving all the time.
Yes there are bugs, but these are addressed and with constant updates come constant improvements.
The introduction of referral rewards was genius. From a project perspective, marketing costs are minimised. Holders are your marketers as they profit from referrals so they are out there spreading the word to friends and users that will benefit from platform use.
With regulations and crackdowns on crypto being spoken of more often there is more demand for people to keep their finances above board. Meaning there will always be a use for a portfolio tracker with Tax reporting capabilities.