📅Apr 2022 Report
Last updated
Last updated
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
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
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.