“ Demonstrating Star Atlas as a viable economic model to create change. Donating proceeds to IRL charities and a vision to providing web 3 education and tools for disadvantage youth in Cambodia. ”
It seems like just the other day that I was writing the last Monthly report. These milestones seem to be passing by just so fast. Although I look forward to the future of Atlas Grace and the potential for what it can be, I’m also reminded that this is a special time to be growing something from grass roots. They the best time to plant a tree was 20 years ago. The second best time is today. Looking back at when this all started, I can’t believe how far this has come in such a short time!
It was a fairly steady month for Atlas Grace, collecting daily $ATLAS rewards from Star Atlas Fleet Staking and $POLIS emissions from the DAO locker. Slowly compounding half of the daily $POLIS to grow the snowball & half exchanged for $USDC. However this month had a very special new perk...
With the recent buff of R4 production made to Staking Claims, the Atlas Grace fleet was now self sustaining in it’s fleet resource burn. In fact we were running at a surplus which has allowed us to sell on the secondary market and earn approx. 100 $ATLAS per day at current prices.
Now this may take a little while to save to, but a small focus will be to save enough $ATLAS through R4 sales to stake in the Atlas Locker and receive a discount on market fees. Seeing as though Atlas Grace is now selling R4 and participating in the player driven economy, we would benifit from a reduction in market fees.
The long term benefit from this is an emission of $POLIS from the locker which always helps, but more importantly allowing future scholarship programs to be initiated where disadvantaged youth could learn design skills to create skins and other assets to be sold on the market place through the Atlas Grace account and benefit from the lower market fees, essentially lowering the barrier of entry for them to participate in the web3 economy.
Star Atlas Fleet Report
The fleet now consists of 94 ships & 11 Claim Stakes currently staked in Star Atlas SCORE, earning 144.39 $ATLAS and approx. 75k R4 per day.
Here’s what fleet we rockin’ :
11 x FIMBUL ECOS Unibomba
23x FIMBUL Airbike
3 x FIMBUL Lowbie
24 x PEARCE X4
1 x PEARCE X5
6 x VZUS Solos
23 x OPAL Jet
4 x OPAL Jetjet
Eventually SCORE gameplay will sunset, so these will remain in the wallet and be leased for free to Khmer youth in Cambodia. This will allow them to jump into the Star Atlas metaverse without the need for any upfront cost and have them earning their own assets within the play and earn economy.
POLIS Locker Report
Polis Locker Balance (as of June 30th) is 5'379.6 $POLIS earning approx. 7.2 $POLIS per day.
The locker was at $5276.99 POLIS at the beginning of the month. 219.88 $POLIS rewards were earned with 50% compounded back into the locker and 50% exchanged daily for USDC.
Donation Report
A Twitter poll was sent out for the Star Atlas community to vote on. We had 14 votes with 43% choosing Pencils of Promise as the beneficiary of this months funds.
4,447 Atlas emissions
113.68 Polis emissions
converted daily to USDC
Total = $24.84 USDC
We used the “Support Charities” tab on the Step Finance website to donate to the verified Pencils of Promise wallet address. The beauty of the blockchain allows for full transparency and immutability of our donations and the hash receipt can be found here where you can view using Solscan
Quarterly Report
This quarter saw a decline in the price of $POLIS & $ATLAS which also meant a decline in $USC donated. Despite this, each month there was a significant increase across the Fleet size, Locker balance and R4 production. But by far the largest and most important growth was with our community and their support.
What’s Next For Atlas Grace?
We will continue to donate monthly to IRL charities using the Star Atlas Fleet & Locker staking rewards. The longer vision is to set up a physical location in Siem Reap Cambodia where teens & young adults can have a safe and fun environment to learn, game & make friends not only in their local area but online amongst THE BEST web3 gaming community out there.
As many of you may already know, Siem Reap is a place near and dear to my heart. I spent more than 5 years teaching, mentoring and building friendships and connections there. I hope to return in 2023 where I can once again continue this work, setting up gaming computers, holding free workshops and teaching financial literacy, 3D & graphic design and of course all things Star Atlas.
I look forward to bringing you more good news in next month’s report. If you found this report worthwhile please follow along on Medium & Twitter.
