Apr 2023 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 = $1.01 USD
- 1.Preparation for the new Dawn Breaker Season
- 2.Introduction of the first Seasonal Banner - Dawn Breaker Season Banner. The Banner is the first in-game purchase which grants the player exclusive content and discounts during the season.
- 3.Introduction of the Sunflower Land Referral Program for player acquisition.
- 4.Easter Island special event
- 5.Introduction of Guest mode which allows players to trial Sunflower Land without a wallet set-up
- 6.Major improvements to onboarding process including new tutorial.
- 7.New Town Center building to make "chores" and news more accessible to players
- 8.Introduction of new Discord streams including the "Let's Grow Sunflower Land" show and a community chat during non-Australian hours, to help gather feedback and improvements.
- 9.New competitions and giveaways including the Sunflower Land Referral Competition and the #OnlyFarms Competition
- 10.Introduction of Design mode which allows players to landscape their farm and move buildings and nodes.
In April 2023, Thought Farm accumulated roughly $ 70,600 USD net revenue. To account for income tax easier, all revenue streams were converted into FIAT on a 2-3 day basis.
We successfully achieved startup credits for our infrastructure services which cuts down the technical expenses significantly. In April 2023, expenses accumulated roughly $ 60,100 USD expenses:
- Technical infrastructure + services - $4.2K USD
- Legal & Accounting - $1K USD
- Salaries - $46.1K USD
- Jigger - $1K USD
- Contractors - $7.8K USD (PR, Communications, Art Design, Support Team)
- Travel - $0.5k (including offset from EMDG)
Sunflower Land has sufficient capital and runway to fund our future business plans.