Farming Tales News: Flame partnership, RoadMap, WAX, SEST and CBIT tokens + Cartel's Report No.20
Cover Image: Logo Flame owned by Flame - Logo Oneup Cartel owned by @oneup-cartel - Edit by @libertycrypto27 - Font used is Open Source
Farming Tales News: Flame partnership, RoadMap, Considerations on the Value of WAX, SEST and CBIT tokens + OneUp Cartel's Investment: Report No.20
The Bear Market has affected all blockchain projects including blockchain-based games but I firmly believe that in the future centralized games (Web 2.0) will be overtaken by NFT-based games although it will still be some time before this overtaking happens.
In this year I have increased the number of blockchain-based games that I follow, play, and invest in, and among them is Farming Tales which is the only game developed on a blockchain other than Hive that I have decided to play and Farming Tales is the protagonist of this post of mine today.
The main topics that I will cover in this post are as follows:
- Farming Tales News (June 22, 2022 - July 7, 2022)**
- WAX, SEST and CBIT Market Value Considerations
- Cartel Investment Update: Report #19
Before covering the main topics I begin with a short introduction about the Farming Tales game.
What is Farming Tales? (Brief Introduction)
Farming Tales is an NFT-based farming simulator built and developed on the WAX blockchain.
I decided to start playing and investing in Farming Tales because I saw peculiarities in this game that many other blockchain-based farming games don't have:
- Farming Tales has beautiful graphics and uses a 3D graphics engine.
- Farming Tales has some NFT that are linked to real goods from real farms (saffron, honey,...).
Another point in favor of Farming Tales over other farming games is that it chose my beloved Hive to:
- post game-related updates (account: @farmingtales).
- create a community: https://peakd.com/c/hive-151527/created
Farming Tales News: June 22, 2022-July 7, 2022
Below I show you all the news and updates regarding the Farming Tales game that occurred in the period between July 7, 2022 and today July 21, 2022 but differently from my previous posts I will not follow a chronological order because there is one news item that I think takes precedence because it could be very interesting in terms of marketing and promotion.
Farming Tales is officially launching on Flame Store: the Web3 Steam!
On July 18, 2022 within the Announcements channel of the Farming Tales Discord server, an important partnership with the Flame project (https://flamestore.xyz/) was announced.
Flame is a project that wants to become for blockchain-based games (WEB 3.0) what Steam is for Web2 games.
So Flame will be a store and multi-chain wallet for Web 3.0 games that will allow people to launch, trade, and play games of different blockchains from a single platform.
For the time being the Flame project is under development, I joined the waitlist and the Discord server and in the general channel I asked about the timing of the project's launch and the answer was that the launch of the public beta version of Flame is planned for next month.
On the Announcements channel of Flame's Discord server, 12 partnerships were announced, among which are Farming Tales and Splinterlands.
Flame is a project created by Ryu Games which hired Rick Ellis who was a founder and dev of Steam which was created by Valve Corporation.
So there is no direct connection between Steam and Flame because they are projects created by different companies but Flame seems to me to be a very interesting project and if Flame is successful the player base in blockchain-based games could also increase in number.
The Farming Tales road map has been updated
Farming Tales has updated the Road Map within the Whitepaper (https://nodo42.gitbook.io/farming-tales-the-game/road-map/road-map) and in the image below you can see the planned development steps.
In the following image you can see the announcement message published by Farming Tales with more details about the work of the development team and the changes to the game dynamics that will be introduced soon.
WAX, SEST and CBIT Market Value Considerations
In blockchain-based farming games, it is always important to do the proper calculations before purchasing a token and NFT, and it is also important to monitor the value of the tokens connected to the game.
There are three tokens connected to the Farming Tales game:
- WAX
- SEST
- CBIT
In the image below you can see the current value of the WAX token, which is the blockchain token on which Farming Tales runs, and the current values of the Farming Tales tokens (SEST and CBIT) and the difference in value against the dollar and the value comparison between the three tokens.
The token value comparison is for the time interval: June 22, 2022 - July 7, 2022.
Compared to 14 days ago when all three tokens WAX, SEST, and CBIT had increased their value against the dollar, in the last 14 days only the WAX token and the CBIT tokens register an increase in value while the SEST token loses 5.75% of the dollar value it had 14 days ago.
The WAX token is the best performing token in the past 14 days:
- WAX: +$0.007715 = +8.07% (July 7, 2022 - July 21, 2022)
The WAX token also improves in comparison with both Farming Tales tokens (SEST and CBIT).
On July 7, 255 SEST were needed to buy 1 WAX token today instead 293 SEST are needed while the difference between WAX and CBIT has more or less remained the same: today 7.32 CBIT are needed to buy 1 WAX while 14 days ago 7.14 CBIT were needed.
The CBIT token increases its value against the dollar: +$0.00072 = +5.36%.
The SEST token loses value against the dollar although the decrease is minimal: -0.00002$ -5.75%.
Cartel Investment Update: Report
My gaming/investment activity on Farming Tales is double because I play two roles:
- I am a simple player who has decided to invest in the purchase of NFT and tokens
- I am a operator of the Cartel project of the beautiful community called OneUp (https://www.1up.zone/).
Cartel is:
- a Meta Gaming Guild
- a Meta Curation
- a Meta Dividend Token
Regarding OneUp Cartel's investment in Farming Tales, my management began on January 29, 2022 and today, July 21, 2022, it has been 173 days, just under six months.
OneUp Cartel invested in the Farming Tales project in two successive times:
- First investment: 500 HBD (January 29, 2022)
- Second investment: 250 WAX (March 1, 2022)
From the conversion of HBD tokens to WAX tokens, I obtained 1583 WAX tokens, which when added to the second investment of 250 WAX produced a total of 1833 WAX tokens.
1833 WAX tokens is therefore the total amount of tokens I had available to invest in Farming Tales.
I used the 1833 WAX tokens in the following ways:
- Purchase of NFT: 1585.59 WAX
- Purchase of WAX Resources (CPU,RAM,NET): 51.54 WAX
- Purchase of 14970 SEST tokens: 195.00 WAX
- Cost of trading on Alcor Exchange: 0.87 WAX
VALUE ASSETS + REWARDS
The value of the NFT collection of the Cartel project
In the table below you can see the list of NFTs owned by OneUp Cartel with an indication:
- of the purchase prices
- of the payment method used to purchase them
- of the current market prices on AtomicHub/NeftyBlocks
- of the difference between the purchase price and the current market value for each NFT purchased.
To calculate the total value of the card collection I consider the lowest selling price in the market for each NFT at the time I write my report and for this reason this value is an estimated value.
In this report I record a small decrease in the average value of NFTs purchased.
The difference between the total market value of Cartel's NFTs and the total purchase price returns to a negative value albeit a small one: -48 WAX = -$4.97
The most valuable NFT in Cartel's collection is the Green House (602 WAX) even though there is a single NFT on the market for sale at a much lower price than the average price I have recorded in the past in my previous reports, which has almost always been over 650 WAX.
Market value NFTs - Total purchase cost NFTs (July 21, 2022): -4.97$ -48.08 WAX -3.46%
Market value NFTs - Total purchase cost NFTs (July 7, 2022): +$9.29 +97.16 WAX +6.99%
The value of CBIT and SEST tokens accumulated and not reinvested
Profit and ROI
In the following image you can see the prospectus I created to get a concise and immediate view of the investment on Farming Tales that I manage for the Cartel project.
In the prospectus the total initial investment cost is the total amount of WAX tokens I had available to invest: 1833 WAX.
Considering the investment in terms of WAX tokens the financial results (Profit and ROI) are positive as in my previous reports although lower than the financial results I had recorded 14 days ago.
Profit: +316.63 WAX = +32.70$ (Profit previous report: +447.26 WAX = +42.75$)
ROI: +17.27% (ROI previous report: +24.40%)
I invested a total of 1833 tokens WAX and got a total investment value (Assets + Rewards) of 2149.63 WAX so far: +316.63 WAX.
In the following image you can see the prospectus I created to track two financial results that take into consideration:
- the value of the 500 HBD and 250 WAX at the time of their use
- the current value of Cartel's investment in WAX tokens and in dollars.
The data in the table above show the effects of the Bear Market on the value of WAX tokens.
WAX tokens have lost a lot of value since the day Cartel's investment in Farming Tales began.
In fact, 1 WAX token was worth $0.28 on January 29, 2022 while today it is worth $0.10.
It is time to continue accumulating game rewards and wait for the Bear Market to become a memory and the WAX token to recover its value ;)
My investment plan on Farming Tales (Update)
Those of you who regularly read my posts and reports know that I consider farming games to be investments rather than games because the skill is more in the timing of the investment and trading in tokens and NFTs than in the game operations that generally take little time.
As with all farming games I have invested in, even on Farming Tales my main and short-term goal is to transform Farming Tales from a play 2 earn to a free to play.
As for the investment I manage for Cartel I will reach this goal when the total value of rewards received will be equal to the initial investment (1833 WAX) but without decreasing the farm's SEST and CBIT token production.
It will still take some time to reach this goal because I have reached a completion percentage of 26.62% (see next image) but I hope to do so as soon as possible.
To increase the number of liquid WAX tokens in Cartel's wallet I will continue to sell the NFT Seed Boxes that the NFT Green House produces daily.
In the past I also used to sell surplus CBIT tokens but already for several days now I have decided to hoard them all because in the future fees will be introduced (in CBIT) to sell agricultural products and thus both their usefulness within the game and their value may increase.
Today I decided to purchase an NFT that has gained utility with the start of phase 1 of the new Farming Tales product system: the Barn NFT.
Cartel's farm has a Common type NFT Barn that has a capacity of 100 units.
Now that NFTs no longer directly produce SEST tokens but produce agricultural products that need to be stored in the Barn it is necessary to purchase an NFT Barn at least of type Rare which has five times the capacity of the common type NFT Barn and will be even more useful when quests are introduced.
Today I purchased a NFT Barn of rare type for the price of 18.6 token WAX using the Market section of AtomicHub.
I hope you liked my 20th operational report for the Cartel project and if you like follow me to read my future reports and posts on Farming Tales and 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
https://neftyblocks.com/c/farmingtales
https://coinmarketcap.com/it/currencies/wax/
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
The dividers with the Hive logo in this post were created by me and if you like them you can use them too, the Hive logo is property of https://hive.io/
