đ Apr 2022 Report
We are changing the way crypto gaming operates. We have full transparency with our community around the roadmap for the game and the underlying treasury.
We are a proudly Sydney based team. This means we pay Australian taxes and must always liquidate and reserve at least 30% for corporate taxes đĻđē
The following is used for educational purposes only and is no indication for accounting, valuations and/or taxation purposes. The numbers below reflect rough estimates or reflections of on-chain activity and are prone to mistakes. Values are in USD
As of writing, 1 MATIC = $1.08 USD
April Goals
Bootstrap funds to hire a core team of engineers
Design a 6 month roadmap based on our financial situation
Convert a significant amount to FIAT for operating costs and to hedge against a potential crypto winter - i.e. sustain the project with a 6 month runway
Treasury as of April 30th 2022
MATIC - 69,000 MATIC Wrapped ETH - 30.2 Wrapped ETH FIAT - 98K
April Revenue
Farm creation & sync fees - 190,000 MATIC Open Sea Royalties - 42 ETH Charity Donations - 11,880 MATIC
April Expenses
Expenses include but are not limited to:
Technical infrastructure + services - $7K USD
Legal - $4K USD
Engineer Salaries - $40K USD
Hardware + Onboarding - $10K USD
A key outcome of April was hiring 3 full-time engineers, including a CTO.
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