๐Ÿ“…Jan 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 taxes๐Ÿ‡ฆ๐Ÿ‡บโ€‹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 = $1.10 USD

January Goals

  1. Hosting the "Lunar New Year" event

  2. Hiring of Director of Finance & Operations full-time

  3. Begin Beta-testing of "Treasure Island"

January Net Revenue

In January 2023, Thought Farm accumulated roughly $ 50,000 USD net revenue. To account for income tax easier, all revenue streams were converted into FIAT on a 2-3 day basis.

The increase in revenue was due to the successful launch of Sunflower Isles in late December, and welcoming new players to mint farms. As reflected in our Daily Active Users (DAU), overall engagement increased contributing to higher revenue across all streams from prior month.

January Expenses

We successfully achieved startup credits for our infrastructure services which cuts down the technical expenses significantly.

  • Technical infrastructure + services - $1K USD (Credits applied ๐Ÿ†)

  • Legal & Accounting - $1K USD

  • Salaries - $54K USD

  • Jigger - $1K USD

  • Contractors - $11.5K USD (PR, Communications, Art Design, Support Team)

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