📅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 đŸ‡ĻđŸ‡ē

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

  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

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.

Last updated