📅Jan 2023 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 = $1.10 USD
Hosting the "Lunar New Year" event
Hiring of Director of Finance & Operations full-time
Begin Beta-testing of "Treasure Island"
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.
We successfully achieved startup credits for our infrastructure services which cuts down the technical expenses significantly.
Technical infrastructure + services - $1K USD (Credits applied )
Legal & Accounting - $1K USD
Salaries - $54K USD
Jigger - $1K USD
Contractors - $11.5K USD (PR, Communications, Art Design, Support Team)