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KPIs

To effectively evaluate the performance of TON Footsteps program, a small-scale fast-track grant system, we propose the following KPIs:

  1. The number of tasks completed: This KPI tracks the total number of tasks successfully finished within the program.
  2. Task completion rate: Calculate the percentage of completed tasks out of the total number of approved tasks.
  3. Time to completion: Measure the average duration from task approval to completion.
  4. Time to approval/rejection: Determine the average time taken for the committee to approve or reject a task proposal.
  5. Participant satisfaction: Gauge participant satisfaction with the program using a rating scale (e.g., 1-5) through surveys.
  6. New participants: Monitor the number of new participants joining the program over a specific period.
  7. Retention rate: Assess the percentage of participants who return to the program to complete additional tasks.
  8. Impact on the TON ecosystem: Evaluate the overall effect of completed tasks on TON blockchain ecosystem, considering metrics like the number of new users or the adoption rate of developed tools and applications.
  9. Community engagement: Track community engagement levels by monitoring social media mentions, forum discussions, or other online interactions related to TON Footsteps program.
  10. Total Distributed Award: Keep a record of the payments made to participants.

By consistently measuring these KPIs, valuable insights can be gained into the performance of TON Footsteps program, enabling data-driven decisions to enhance its effectiveness.