With the new update I’m starting to see a few fish over $1! With the whale rod I would say it’s pretty reasonable to expect around $10/hour. And the game is just a good way to relax and fish with friends.
LET THEM FISH 🎣
It has been a really exciting and fun first 6 days for Fair Pond!
In this short time span the feedback has been tremendous as we work through early growing pains.
Over 660 Fishing Licenses issued!
All time high of over 140 players on at the same time!
Over $14,706 covering 224,220 fish catches paid out to players!
Over 6.8% of the $FISH supply already burned!
What went right: People feel the same way I do about Fair Pond, the game itself is so much fun and has a great social layer to it that leaves you wanting to return. Its a great canvas to build something special.
What went wrong: The Fair Pond rewards system has been a work in progress, and I've personally covered the pool while we try to create a sustainable, enjoyable gaming experience.
As we initially launched, 90% of the token creator fees as planned go to the community treasury, and 10% of the creator fees to the team - however after a quick burst of initial volume during our most vulnerable time period to bots/cheaters, these rewards were quickly depleted, and the preceding days have had under $50,000 total volume each day. To keep the system as best operable as we can while we continue to work to master a rewards curve, the team committed the entirety of its 10% back to the community pool, and I personally have provided an additional $5,000 as well.
In conclusion, we need to build a game experience and value flywheel that is not completely reliant on things outside of our control, like full emphasis on trading volume to keep the engine humming.
The solution moving forward will be bifurcated rewards and place more importance of the success of value creation and deflationary nature of the $FISH token.
What's new moving forward:
50% of all creator fees that are generated through $FISH token trading - will go directly to automatically purchase $FISH on the open market, and send it to a burn address.
40% of all creator fees collected will go to the community treasury for an updated rewards pool (variables subject to change based on what the pool can support).
10% goes to the team which we will plan to retain from this point forward.
We heard you on the rods, the fish frequencies, rarity, values, and daily limits.
The new guidelines on caught coin fish and upgrades currently going forward will be as follows;
On the Starter, Carbon, Pro, and Golden rods, roughly one-third of the fish you catch carry a coin value while the rest are silver only.
We will increasingly make silver integral to getting benefits within the game.
On the Pond and Whale rods, every fish carries coin.
Based on 60,000 simulated casts per rod, average payouts will be about $0.040 on Starter (range $0.005–$0.12), $0.080 on Carbon ($0.02–$0.27), $0.089 on Pro ($0.02–$0.45), $0.098 on Golden ($0.025–$0.69), and $0.120 on both Pond ($0.03–$1.00) and Whale ($0.05–$1.69).
Any coin valued fish caught from land pay between $0.005 and $0.02.
Whales and sharks are only able to be fully caught on Golden, Pond, and Whale rods and make up roughly 2% of catches on those rods, never paying under $0.10.
Golden stock fish are also limited to those same rods and have a $0.10 minimum.
Daily caps (rolling 24 hours) are Starter $5, Carbon $8, Pro $10, Golden $12, Pond $15, and Whale $25.
If the treasury drops below 0.05 SOL, every fish becomes silver only and the fish market stops paying out. Both features automatically turn back on once the treasury reaches 0.5 SOL.
Collections are processed one at a time in order, so it’s first come, first served.
The treasury can only payout what it has within these parameters.
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As we restart the rewards system; only those users who acquired coin fish before the announced pause will be credited - those that caught coin fish during the announced pause window will no longer show coin values in those fish.
I will again seed this treasury reboot to get it going again as we resume the new system.
I believe in Fair Pond, and I haven't slept much over the last week supporting its early success in every way I can.
There is so much we can do here - buts on "all of us" now to get it there.
I hope you all have a chance to come and experience the game yourself.
Thanks for reading.
LET THEM FISH 🎣
In just two short days I’ve made nearly $90 just fishing. I throw on some tunes and just relax and reel them in. This will 100% be the biggest game in crypto. Dev is responsive and has the heart and knowledge to pull this off. solana:Fy6R7i9gfCSmtz3tCdmv4mVKLxPAp8qJFvLNvi5Apump
My first coin is starting to take off! As of now we are at a 4.2K market cap with 37 holders. 10X dev boost coming at 10k market cap! Go follow the official X page.
7uc4AhWYG49S2J1NMQy2McRsGm7ooNJ7rX721qDfpump
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