Farming Tales News and OneUp Cartel Investment: Operator Cartel's Weekly Report #5
Cover Image: Logo Farming Tales owned by farmingtales - Logo Oneup Cartel owned by oneup-cartel - Edit by @libertycrypto27 - Font used is Open Source
Farming Tales is an NFT-based farming simulator built and developed on the WAX blockchain.
Farming Tales differs from other blockchain-based farming games because:
- It has beautiful graphics and uses a 3D graphics engine (Unity).
- it has some NFTs that are linked to real goods of real farms (saffron, honey,...).
It was these two peculiarities that convinced me to play and invest on Farming Tales along with the fact that Farming Tales has created a community and an account (@farmingtales) on the Hive blockchain which is my favorite blockchain project.
Farming Tales also has plans to integrate on Hive's blockchain as well (Q3 - 2022) and that's another point that makes me happy although, honestly, I would have liked it if Farming Tales was developed on Hive.
Source Screenshot above: Whitepaper of FarmingTales
On Farming Tales I play two roles:
- I am a simple player who decided to invest in the purchase of NFT and tokens
- I am an operator of the Cartel project of the beautiful community called OneUp
OneUp is a community of Hive's blockchain focused on NFT games and blockchain games
OneUp Cartel is:
- a Meta Gaming Guild
- a Meta Curation
- a Meta Dividend Token
I've been managing OneUp Cartel's investment in Farming Tales since January 8, 2022 but before I show the financial results I've achieved in 32 days I want to share and showcase Farming Tales news and updates related to the past week (February 24 - March 2).
Farming Tales News
Greenhouse and the Seed System
On February 27, 2022 at 20:00 UTC, the sale of the NFT Greenhouse began.
The sale took place in two phases and the first phase lasted for 10 minutes, during which, the purchase was only enabled for players who had an NFT Early Adopter Diorama and at least one NFT Vegetable Garden.
Myself (with my personal account) and OneUp Cartel were among the buyers in the first 10 minutes.
In 10 minutes, 250 Greenhouse NFTs were sold out of a total of 497 NFTs available for sale.
All Greenhouses have been sold and today you can only purchase one from the AtomicHub marketplace and the lowest selling price on the market right now is 700 WAX = $219.10
The NFT Greenhouse is a legendary NFT that allows its owners to produce a Seed Box (NFT) every day.
Each Seed Box contains 3 different seeds that are NFTs and like the Seed Box itself, can be sold on AtomicHub or used within the game.
In the following image you can see the display of Seed and Seed Box type NFTs inside the OneUpCartel inventory on AtomicHub.
Within the Farming Tales game area, the NFT GreenHouse is graphically represented by the structure you can see in the following image.
To receive one Seed Box per day, just wait 24 hours and perform the Harvest operation and the NFT Seed Box will be received and displayed in the My Inventory section of AtomicHub.
With the sale and activation of the Greenhouses, the Seed System has been released and the NFT Vegetable Garden can now be used to plant seeds produced by the GreenHouse.
For example, in the Garden of OneUp Cartel I planted two days ago Blueberry seeds and in a little more than a day I will be able to make the first harvest.
First Drop of DAO tokens: LIRA
On February 23, 2022 Farming Tales began the decentralization process of the game and the first LIRA tokens were distributed to SEST (non-liquid but stacked) token holders.
LIRA tokens are the Farming Tales (DAO) governance tokens and will allow players to take part in decisions about the future of the game.
The distribution of LIRA tokens will continue each week and the distribution mechanism will be as follows:
10000 SEST tokens (stacked) = 1 LIRA token per week
At the time of the first LIRA token distribution the 1carteltales account had more than 23000 SEST tokens in stake and in the following image you can see the two LIRA tokens correctly received.
Blend of the Legendary Animals
Operation Blend of the Legendary Animals began on February 28, 2022.
With this operation you can get 1 NFT legendary animal by combining 5 common animals:
- Epic -> Legendary:
1 epic animal + 4000 SESTs Voucher = 1 legendary animal.
The blending operation can be done from https://neftyblocks.com/c/farmingtales/blends/super
The 3D Animated Animals have arrived
The latest novelty introduced by the Farming Tales development team concerns the graphic look of the game because animated 3D animals have been introduced.
Before in the farms the animals were not displayed but now they are.
In the following image you can see one of the cows owned by OneUp Cartel
Legendary Animals have the same production statistics (SEST for now) as Epic Animals but have a lower harvest cost (cost in CBIT tokens).
In the following image you can see all the production stats of Animals type NFTs updated with the introduction of legendary cards game stats (source: Farming Tales' Whitepaper).
OneUp Cartel Investment
Initial Budget
After showing and sharing the new features introduced in the last week by Farming Tales it's time to publish my fifth weekly report as an operator of OneUp Cartel that contains the financial evaluation of OneUp Cartel's investment on Farming Tales.
OneUp Cartel decided to initially invest 500 HBD in the Farming Tales project.
My activity as a OneUp Cartel operator began on January 29 when I completed the conversion of 500 HBD into 1583 WAX tokens and today March 2, 32 days have passed.
In the past week, after interacting with @flauwy via comments and on Discord, OneUp Cartel decided to increase their investment on Farming Tales and added 250 WAX with the goal of purchasing a NFT Greenhouse.
OneUp Cartel's investment on Farming Tales has now increased and is: 500 HBD + 250 WAX
The current total value of the investment is $566.25.
The updated total of WAX tokens I had available to invest in Farming Tales is 1833 WAX tokens.
The Assets purchased
CPU
On the WAX blockchain you need to have a minimum amount of resources (NET, CPU, RAM) in order to perform certain operations.
For example, all Harvest operations within the Farming Tales game consume the CPU resource (which recharges over time) and for this reason I initially allocated 37 WAX tokens to the CPU resource.
This week I used the Alcor exchange to buy the SEST tokens needed to purchase the GreenHouse and by placing BID purchase offers I had difficulty making transactions because the CPU resource would often go to 0%.
For this reason I increased the stacked WAX tokens for the CPU resource: 37 -> 51.54.
The purchased NFTs
In order to start your farming adventure on Farming Tales, you need to make an initial investment which mainly consists of purchasing at least one of the following card combinations (NFTs):
- Hen + Coop
- Goose + Shelter
- Goat + Stable
- Cow + Stable
- Sheep + Stable
- Pig + Stable
- Garden + Seed
- Lumberjack
- Fishing Pier
- Hive
- Greenhouse
All Farming Tales NFTs can be purchased:
- from the Market section of Farming Tales using SEST tokens (Crafting operation)
- from the Market section of AtomicHub using WAX tokens:
https://wax.atomichub.io/market?collection_name=farmingtales&order=desc&sort=created&symbol=WAX
To date, I have chosen all of the NFTs I have purchased based on a calculation of the estimated annual ROI, a calculation I made for every combination of NFTs on the market before making each purchase.
In the last week I have purchased two new NFTs:
- 1 Early Adopter Diorama
- 1 GreenHouse
Thanks to the two latest purchases and the daily production of the GreenHouse the NFTs owned by OneUpCartel increased by 5 units in one week and now total 20:
- 3 NFT Harlequin Cow
- 3 NFT Harlequin Goat
- 1 NFT Silo Raro
- 6 NFT Stable
- 1 NFT Water Tower Raro
- 1 NFT Garden
- 1 Early Adopter Diorama
- 1 Sugar Cane Seeds
- 1 Sugar Beet Seeds
- 1 Seed Box
- 1 GreenHouse
All details of my purchases can be viewed at:
https://wax.atomichub.io/profile/1carteltales#buyHistory
To purchase the NFTs I listed above, I spent a total of 1585.58 WAX.
To purchase the Greenhouse you needed 40000 SEST tokens.
To purchase the necessary SEST tokens I used mostly liquid WAX tokens but I also used some of the CBIT tokens and SEST tokens I received as rewards from the game activity.
Excluding the value of the rewards used, the GreenHouse cost 471,168 WAX tokens but the lowest selling price on the market today is already 48% higher than the purchase cost: 700 WAX.
In the following table you can see the list of the cards I bought until today with the indication of the purchase price, the current market prices and the differences between purchase price and current value for each NFT bought.
The difference in value (total purchase price - total current market value) is finally and for the first time positive:
- February 23: - $42.88
- March 2: + 89.33$
SEST tokens Purchased
SEST tokens are the native tokens of the Farming Tales game and are obtained through the Harvest operation.
To perform the Harvest operation, however, you must have two consumable items: food and water.
Food and water represent a cost and can be purchased using CBIT tokens (utility tokens).
CBIT tokens can be purchased, but they can also be produced for free by stacking SEST tokens.
SEST tokens stacked provide a daily supply of CBIT tokens.
In order to make the OneUp CArtel farm self-sufficient and able to perform Harvest operations without having to purchase CBIT tokens from the non-game markets on a cyclical basis, I purchased 14970 SEST tokens that I staked in the Wallet section of Farming Tales.
To purchase 14970 SEST tokens, I used the Alchor exchange (https://wax.alcor.exchange/) and spent a total of 195 WAX (January 30, 2022).
The value of rewards
In order to buy the Greenhouse I used part of the rewards obtained so far.
In the table below you can see the total value of SEST tokens and CBIT tokens owned by OneUp Cartel.
If I subtract the value of the purchase of 14970 SEST tokens made on January 30, 2022 I get the value of the game rewards received and not reinvested which is $31.93
Although I used just over 1600 SEST tokens to cover part of the cost of the Greenhouse, the total stacked (purchased + received as rewards) SEST tokens from OneUp Cartel increased in one week by 1035 units.
This amount of SEST tokens currently provides a daily reward of 8.27 CBIT tokens = $0.316 per day
Since my last report and in seven days the value of the daily CBIT token reward has increased by +0.232 CBIT (8,272 - 8,040).
Profit and ROI
It's time to do some calculations and compare costs and revenues.
I created a prospectus to show and track the financial results of the Farming Tales investment that I manage on behalf of OneUp Cartel.
After 4 reports in which I always recorded a negative result finally the green color colors my report.
The financial results are positive and an ROI of +18.62% in 32 days is a very good result:
- Profit: + 341.26 WAX = + 106.81$
- ROI: + 18.62%
The results in my prospectus only take into account investments made using WAX tokens and do not take into account:
- the dollar value of the initial investment
- the variation of the value in dollars of the WAX tokens
- the amount of WAX tokens present in the wallet and not yet invested.
If I consider the current value of the 500 HBD tokens invested in Farming Tales the financial results of OneUp Cartel's investment in Farming Tales are even better:
- Profit: + 114.44S
- ROI: + 20.21%
Final Considerations
The investment on Farming Tales by OneUp Cartel has reached 32 days of effective activity and for the first time I have recorded a financial result not only positive but very positive especially considering the few days to achieve this result.
In the four previous reports I had recorded negative results but I had never worried because I always considered those negative results to be only temporary.
Unfortunately I don't have the ability to predict the future but I saw potential in Farming Tales and I continue to see it.
After I have made the first Harvest from the NFT Garden I will do some calculations and evaluations and decide how to proceed.
In all likelihood I will sell some Seed type cards to get WAX tokens to reinvest in expanding farm production.
I hope you enjoyed my fourth operational report for OneUp Cartel and if you like follow me to read my future reports and posts on Farming Tales and OneUp Cartel.
Important Note:
Blockchain-based games that allow people to buy and sell tokens are not just games but are also investments and should be treated as such!
In any type of investment there is always a risk factor to evaluate and consider.
I am not a financial advisor and the information contained in this post is not financial advice.
Before investing in a blockchain-based game you should always do your own research and personal evaluations.
My advice is to always only invest what you can afford to lose with a light heart!
The images in this post are screenshots taken from the sites:
https://wax.atomichub.io/market
The images containing calculations, tables and formulas are my property
The font I used in my images or in the images edited by me is Open Source
