Market Update

W.34 TILES & ESSENCE SUNDAY REPORT (WEEKLY)

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This is our one of our Weekly Market reports giving you the best Highlights of the past week! 
Make sure to see all our different E2 weekly asset reports to stay up to date by tuning into these articles. 
The information in these articles is always expanding and improving! 

INFO:

Pinch To Zoom on mobile and / or tilt phone for larger images.

ESSENCE & TILES
WEEKLY sunday report

what to watch

  • 0.2 Million T2 tiles sold this week. same as last week!
    Mayotte opening Accounted for MORE about 50% of sold tiles this week!
  • Total of 44.9 MILLION T2 tiles now sold versus the 59M T1 Tiles. (23% away in amount of sold tiles T1 vs T2)
  • We now forecast that T2 tiles WILL NOT REACH T1 Sales by the end of this year!
    It is a chance that T2 Sales will close this year as T1 Sales closed last year!

  • 23* ** Countries have now a HIGHER TIER 2 Price vs the TIER 1 !! (or 5 Countries?)

    *NOTE: this is not 100% sure, we have now tried to add the latest T1 price investors had to pay for T1 tiles when it was possible to purchase T1 tiles. Many Countries were at the time connected to the International Territory price of 8,9 USD before closing sales of T1. Currently there may only be 5 Countries with Higher T2 price if EARTH2 truly commit to the prices Investors had to pay for the “locked / Inte. Territory” T1 Countries. )

    **NOTE: OMAN have two regions that “opened” misstakenly by EARTH2 (Could be a border geo fence issue though it is weird that they recieved specific Country Codes) Moreover
  • Wallis and Fortuna is now the closest country to surpass the T1 price that was opened as T1. 37 029 Tiles to go
  • Mayotte opened this week with a countdown clock on the website.
  • 11 + X COUNTRIES ARE STILL CLOSED! (List below)
  • ESSENCE PRICE CONTINUE TO DROP! (or at least the value of Lumious jewels which we measure against!)
    AVG. 0.08, Range 0.06-0.09 USD per ESSENCE.

ESSENCE PRICE VALUATION

(LUMINOUS PREMIUM PRICE / ESSENCE UPGRADE COST)

**E2Economist ESSENCE “premium” Price reflects what the market/sellers expectations is to gain in the Bazaar.

HOW ESSENCE PRICE CALC. WORKS:
BAZAAR ESSENCE PRICE
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*
WHY do we use the Bazaar to estimate the ESSENCE PRICE and not EPL or other ESNC conversions? 
The Jewels Bazaar is the most LIQUID market with the highest/most volume / Turnover of an E2 ASSET involving ESSENCE. This enables a more fresh and updated market price and valuation of 1 ESNC

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)

TIER 2 LAND SALES STATISTICS

countries that surpassed the T1 price

countries next to surpass t1 price

locked countries

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