TEST FARMING (UPDATE): How 11 EARLYBIRD FARMERS raked 1,000,000 NGN (30.55% ROI inclusive) from EarlyBird Test Farming in 11 weeks.

WHAT WERE THE CHALLENGES WITH THIS TEST FARMING AND HOW WE SOLVED THEM?

There was an oversight for the 20,000 fingerlings, because the earlier budget that was accounted for is 10,000 fingerlings to be farmed in 5 SMP (Standard Mobile Ponds), which was sufficient for the batch. But, instead of a budget of 200 bags of feeds and 10 SMPs; We failed to capture these requirement and update in the budget, hence the challenges. This primarily led to the poor turnout of this batch of earlybirds farming and the following happened:

TEST FARM SOLVED

At the end of the earlybird test farming, we have expanded from 5 SMPs to 9 SMPs. We also want to say a big thank you to EarlyBird farms who come to our aid financially.

SALES REPORT OF EARLYBIRDS (HOW IT HAPPENED)

🔹 On Saturday, 22nd of October, 2021:
We started the sales at 700 NGN/KG & 650 NGN/KG due to varied sizes of the midrange fishes:
👉 A 296 KG was sold at 700 NGN/KG. This means: 207,200 NGN.
👉 A 470 KG was sold at 650 NGN/KG. This means: 305,500 NGN.

WHAT EARLYBIRDS INVESTED, THEIR ROI AND HOW THEY GOT RETURNS?

Again EarlyBirds, we have all become a big family, So as this is test farming of what we are projecting into 2022 and beyond. The Fishfactory Protocol team has transparently worked with all 11 participants and we did our very best to preserve your investments with addition of 30.55% ROI. Hence we are returning 1,000,000 NGN to all 11 wallets. All EarlyBirds have $XFP in 11 Wallets out of 13 wallets (the two remaining wallets were bought by teams during the sales), meaning that only 15,318,726.79 $XFP is not within our reach. All 15.3 million XFP were bought at 0.05 NGN and shall be repaid as 0.065 NGN, amounting to 30.55% ROI.

HOW WE CALCULATED ROI

Just at the conclusion of the sales on Monday 25th, there came a rush as more fish customers came to site and others started calling our office contact asking for produce, but unfortunately, no more products for sales. This is how lucrative fishfarming utility is when brought on blockchain infrastructure.

TESTIMONIALS SENT TO US BY EARLYBIRDS

TOKENOMICS (UPDATE) & WHEN IS LAUNCH AND SALES DETAILS:

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Staw.Finance

Staw.Finance is a community-served protocol, facilitating $WAVES scarcity, tokens stakes, credit facility and commodity market at defined entries.