Market Update

W.12 Market Highlights – ESSENCE VALUE! JEWELS & T2 LAND

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This is our Weekly Market update giving you the best Highlights of the past week! Make sure to stay up to date by tuning into these articles. The information in these articles is always expanding and improving! 

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MARKET KPIs (Key Performance Indicators)

In this WEEKLY MARKET UPDATE you will find Highlight from 3 various ASSETS. One Section for each:

  • LAND SALES HIGHLIGHTS
  • JEWEL PRICE HIGHLIGHTS
  • ESSENCE PRICE (Bazaar Valuation)

MAIN HIGHLIGHTS

  • LUMINOUS JEWELS are getting more EXPENSIVE! DRYING OUT! This is most likely due to the fact that less investors wants to spend ESSENCE to upgrade Jewels before ESSENCE is launched as crypto!
    Right now the Baazar is pricing ESSENCE to be worth 0.20 USD on average!
  • Sales of T2 Tiles are continouing to slow down in sales pace
  • T1 Commons (Spawned) are trying to keep stable at around avg 0.23 USD but broke though to 0.22 this week!
  • T3 Cracked prices keeps dropping though the drop is slowing down this week.

TIER 2 LAND SALES HIGHLIGHTS

  • 0.7 Million T2 tiles sold this week. Pace decreased by 100 000 tiles sold week-over-week.
  • Total of 33.7 MILLION T2 tiles now sold versus the 59M T1 Tiles. (43% away in amount of sold tiles T1 vs T2)
  • Sint Marteen (Dutch Part) is soon the first country where the T2 Price surpass its own T1 Price!
  • Saint Martin(French Part) Opened this week and hit 159 462 T2 tiles!

COUNTRIES CLOSES TO HAVE A HIGHER T1 PRICE

JEWELS MARKET HIGHLIGHTS

  • T1 Commons (Spawned) are now challenging the the support and several Commons have broken through to 0.22 USD!
  • Base Jewels: Prices decreased this week versus last week!
    In average -1 cents (-6%) lower in price
  • T3 Crafted Jewels: Prices increased this week.
    Average of +7 cents (+2%) increase in price
"MAKE/ BUY"  - How This works:
This Signals if the T1 versus crafted Jewels are at prices where the sum of T1s could be cheaper or more expensive then buying the T2s or T3s directly. 

EXAMPLE: BLUE T1 Common may be at 0.25 USD and 3 are required to create a T2 BLUE = 0.75 USD. 
However, the price of the T2 BLUE in the bazaar may be 0.6 USD. Then it would be better to buy the T2 Directly then crafting it from the T1s. (Perhaps even sell the T1s for 0.75 and buy the T2 for 0.6 !) 

Brilliants stats & Pricing

To be added in the future

BAZAAR ESSENCE PRICE VALUATION
(Luminous premium price /
Essence upgrade cost)
0.20 USD.

NOTE: A way to already "SELL ESSENCE" exists in Earth2 by making upgraded Jewels and selling them. One could call it "wrapping" ESSENCE into Jewels and selling the jewel at a higher price. The Seller then recieves both income covering both the Jewel Cost to make the Jewel (if crafted) and the premium which becomes the ESSENCE value (This is how we can derive an ESSENCE price via the Bazaar market, see more below)
  • ESSENCE Price have steadily increased since the beginning of the year.
    LUMINOUS ESSENCE cost for T1, T2s and T3s have all increased (See below how calculation works)
  • T3s are currently having the most expensive ESSENCE “premium” cost at above 0.20 USD per ESSENCE.

BAZAAR ESSENCE PRICE - How this works: 
In short: Upgrading Jewels to luminous requires ESSENCE (And shards). Since we know the required amount of both (ESSENCE & Shards) and the value of shards is known (via T1 prices) and we know the total Lumious price we can then calculate the value of the ESSENCE. 

Calculation Breakdown:
Luminous Jewels consist of 3 Cost Elements: 
Jewel Cost, Shards Cost and ESSENCE Cost. Below shows how we derive the ESSENCE cost (Price).

JEWELS COST: The lowest cost to craft the jewel will be used. 
Example: A T3 Jewel requires 18 T1 Commons. 
Is the total of 18 T1 Commons the cheapest or is the available T3 Cracked cheapest. 

SHARD COST: T1 Common price divided by 17 (shards gained when breaking a T1 Common)
The Best way to gain shards by breaking Jewels is breaking T1 Commons. This will result in the highest shards/jewel ratio. It will yield between 17-20 shards depending on what T1 Common jewel being broken. 
(Note: Shards are gained "for free" when crafting. Thus a 0 Shard cost is possible. Nonetheless, we will factor in the price of it, the shard cost is a minor cost element for Luminous Jewels)

TOTAL ESSENCE COST: Since we now know above cost elements for the Luminous Jewel we can simply subtract them from the Luminous Price. 
TOTAL ESSENCE COST = LUMINOUS PRICE (Bazaar Market price) - JEWEL COST - SHARD COST

Lastly Calculate the Cost (price) / ESSENCE: Done by dividing the TOTAL ESSENCE COST with required ESSENCE for upgrading each specific Jewel. 
* PLEASE SEE THE TABLE BELOW AND THE DARKBLUE FIELDS*
**E2Economist ESSENCE "premium" Price Invesors are willing to pay in the Bazaar. 

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