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
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
- 1.Bootstrap funds to hire a core team of engineers
- 2.Design a 6 month roadmap based on our financial situation
- 3.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
MATIC - 69,000 MATIC Wrapped ETH - 30.2 Wrapped ETH FIAT - 98K
Farm creation & sync fees - 190,000 MATIC Open Sea Royalties - 42 ETH Charity Donations - 11,880 MATIC
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.