Correspondingly, New Zealand marked its name as one of the first states which officially produced a proper framework for crypto adoption. The state employees can also receive cryptocurrency as their wages, being subject to a couple of conditions. The employers paying wages in cryptocurrency also reserve the right to deduct income tax as per the country’s law.

The new crypto adoption framework does not cover self-employed taxpayers, no lock-up period on coins and simple conversion to fiat money. The tax will be imposed on cryptocurrency conversion to fiat money. It has the effect of placing the controversial cryptoasset, aka digital asset, further in the everyday payment system.

This NZ Government’s decision is a step closer to governments recognizing that people want to be paid in cryptocurrencies as they are aware of their importance.

The step is of utmost importance, took place right after two months of Facebook’s Libra announcement. The tech giants interest and different governments adoption and regulations in cryptocurrency favors reveal these coins significance and futuristic vision. Subsequently, it offers a vast room for SGC Secured Gold Coin with its more adaptable features of ultimate security, stability, and usability and its convenient everyday usage with SGC Pay Debit Card integration.

I will clarify; this is not a suggestion to invest in Walken. Though I, and many others have invested, investment is a personal decision and must be done with the needed research, expectations, and risk tolerance. All investments carry risk. If that statement was a graph; Crypto would be on the higher end of it. Risk does not equal ‘bad investment’. However, exercising caution before proceeding and managing expectations is an often overlooked aspect of investment. As is frequently said; ‘only invest what you are willing to lose.’

With that out of the way, let’s dive in…

NUDE STRATEGY

This is the so-called ‘nude strategy’. Cathletes come in five rarities. If you are unfamiliar with these you can watch all the @walkepedia videos for an in-depth breakdown of rarities, levels, stats, and all-things-Walken.

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Essentially, each cathlete has a limited amount of energy and a set ‘recharge’ time. The higher the rarity the more energy and the faster the recharge time. Though higher rarities provide more energy, they do not affect the winrate (per se).

As you’ve seen in the @walkepedia videos the energy breakdown per every 24 hrs is as follows:

Common — 12 energy Uncommon — 13 energy Rare — 16 energy Epic — 18 energy Legendary — 24 energy

Because CAThletes do not earn based on their rarity but according to the league they compete in (which is based on their level). Then it follows, if the winrate is the same across all rarities (this is somewhat debated amongst walken players) a Common CAThlete will make half as much as a Legendary CAThlete.

Winrate with a nude CAThlete (one without NFT items on it) is roughly 42% per day — that is 42% of all possible energy, not of energy used.

Daily profits from competitions would be:

Common Cathlete level 8 — 10WLKN Legendary CAThlete level 8 — 20WLKN Purchase prices:

1x common level 8 = 1,184WLKN (current floor price) 1x legendary level 8 = 14,000 (current floor price) Though a legendary CAThlete has many advantages, clearly, higher earning is not one of them.

With a nude Common level 8 CAThlete earning 10WLKN per day, ten days would mean 100WLKN. If you have 12x level 8 commons then you would earn enough every ten days to buy a new level 8 CAThlete. This is likely the most capital efficient strategy.

If your capital does not permit investment into multiple level 8 Commons, the same strategy can be adapted to level 6 Commons.

The price of a Common level 6 is 620WLKN (current floor price). The league a level 6 competes in earns half the amount compared to a level 8 CAThlete. The winrate is the same so the profit is halved. If you pay slightly more than half for a level 6 vs. a level 8; the resulting return on investment would be nearly identical. An upside to level 6 investment and competing is that you can buy a new level 6 more frequently than a level 8. A downside is that you’ll have many more CAThletes to compete which takes time. A lot of time.

Official Website: Walken.io

Instagram: @walkepedia

TikTok: @walkepedia

If you are new to WALKEN use this code: 6IEZLOR when you install the app! (You’ll immediately receive 100 Mysberries, 10 Gems, & 5$WLKN)