Key ideas
— If you join the game now and the inflation remains the same, you can get 430% APY in Bomb Crypto.
— If you are in the top 20% of the players, you will earn even in the worst months.
— Joining games early is very important as the returns for those who joined in October and November differ 3.5 times.
APY — stands for Annual Percentage Yield, the rate you can earn on an account over a year that includes compound interest.
Purpose of this research:
One of the goals we pursue at Skill Guilds is to develop a clear structure, clarity, and transparency for those considering investing in play-to-earn games and into in-game NFT assets. When we started out, we eagerly looked for analytical research on different games, data-based and proven by a statistically relevant number of cases.
We have found none and realized that this is one more issue we can tackle, one more problem we can solve.
Table of contents
- About the game: overview, heroes and play-to-earn mechanics
- Research results: key questions answered with data
Bomb Crypto general overview:
Gameplay
Average gameplay process for Bomb Crypto looks like that:
— You buy bomber heroes for 10 BCOINs each, they drop with random rarity and stats.
— You put your heroes on a treasure hunt, they run around the map bombing the chests. Maximum 15 heroes can be active simultaneously.
— Each chest drops some BCOINs, which are stored in your profile.
— When earning 40 BCOINs, you can claim them to your wallet.
— When heroes exhaust their energy, they fall asleep. You can buy a house, for increased recovery rates.
— You can earn additional BCOINs by playing adventures. You can control one hero in that mode, but for access, you need a key that can be obtained from treasure hunts.
How can you earn?
— Play the game modes and farm BCOINs.
— By selling your heroes, you can only sell Legendary Heroes who you can get with a probability of 0.04%.
Earn by playing
We have analyzed the game metrics only using the transactions of the players whose first transaction — a hero mint — took place within the last 30 days. 30 days is enough to farm 40 BCOINs and make the first claim if you keep playing the game.
— Average monthly ROI in BCOIN is 67% meaning that for these users earned 67 BCOINs on each 100 BCOINs spent in the same period.
— Average monthly ROI in USDT is 59.5%. So on each $100 spent, they got back $59.5.
— The token inflation for the same period was 10%.
— If the token price remains the same, these people will get the payback in 1.68 months (~50 days).
— If the inflation rate remains at 10%, the payback period will be around 53 days.
— The current inflation adjusted APY is 430%.
ROI for dummies
If you spend $100 to play Bomb Crypto now and the inflation persists, then:
— you will get $100 back in 53 days
— in 6 months, you will earn $283
— in 12 months, you will earn $430.
Earn by selling
Currently, only Super Legendary heroes can be sold. The chance of getting one is 0.04%, which means that you will have to spend 25,000 BCOINs to get one. The floor price of Super Legendary heroes is 815 BCOINs, which makes this way of earning inefficient.
It is rather a bonus for the lucky ones than a sustainable-income option.
Historical Data
Bomb Crypto has been retaining its user base until March, the inflow of new ones started to decline in February.
However, the game still manages to pay more than it earns. The value of transactions in USD is calculated with the price of BCOIN at the time of every transaction. That may partly explain inflation rates of the game.
Users with payback by registration month
Most of the players who started playing in October and November have at least earned their investment back. It is important to note that the earlier a player joined the game, the more time they had to get the payback.
All-time yield by registration month
The graph shows how much each cohort of players earned compared to their investment in the game till now.
We deliberately take the top 50% of the entire audience to adjust for players who spend substantial time playing the game.
We again see a strong advantage for the players who joined the game early after its release as the players who joined in October on the average earned 7 times their investment in less than 6 months.
We have seen players earning as much as $60k with $3k worth of investment.
The all-time yield of the top 20% players shows that even the worst cohorts were able to get back their investments.
Technical details
We have downloaded all blockchain transactions in Bomb Crypto and analyzed all of them on aggregate:
Unique player accounts: >1,000,000 since September
Unique player accounts who have made at least one token claim: 811k
Total funds spent on hero minting: >578,000,000 USD
Period of analysis: 09/30/2021–02/21/2022
About SkillGuilds
SkillGuilds is a project that unites and helps players, games, and investors find each other. Everyone will choose the most suitable conditions for them. It provides each party with tools to maximize their benefits.
Skill Guilds prioritizes building up a huge professional team of players to evolve the GameFi industry as never before. The platform allows gamers from all over the world to build their guilds, get funded via different sponsorship programs, and, last but not least, learn and accelerate with experienced mentors.
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