The TULIP Mania Game Round 3 News - Day 1 of 28

I think yesterday's Dutch auction went smoothly and I hope most people got the tokens they wanted.

We narrowly failed to sell all of the 3-cent TULIP tokens, so there is still an opportunity for new players to join in. Sales often don't stop until well into Day 2. Let's look at some early numbers.

We have sold about 49,000 TULIP tokens in this new round; to be precise, players have bought 49,160 tokens. Remember that this includes those bought by the game management.

Purely from the token prices, this should have yielded an income of 874 STEEM. However, because a number of players bought above the strike price, plus a small amount of early profit, the current total is 926 STEEM, giving us a tentative asset based value (ABV) of 1.88 STEEM cents.

This is a pretty good starting average, meaning everybody who bought at around the 1 to 1.5 cent range is already sitting on a profit.

One other thing to note is that the @Busbecq account did start with certain holdings from previous games. These holdings total 337 STEEM, so that the fund capital earning money has a gross value of some 1,263 STEEM. This means that, for example, a 10% rise in the fund value would give a 14% rise in the value of the tokens in play.

More updates tomorrow.

Thanks for playing the TULIP Mania Game!

Disclaimer. We are not responsible for your actions. We are not responsible for the functioning of third party software. If the game needs to terminate early for any technical reason (HF21 springs to mind) then liquid funds will be distributed at the earliest possible opportunity on a pro rata basis or the game paused and restarted. Do not play with funds you cannot afford to lose.

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