GAO

The Galactic Asset Offering (GAO) refers to a timed event during which the team sells in-game assets (only ships so far) directly to players.
The kick-off point of the GAO was announced during the 15th Townhall and through a tweet that linked to a brochure containing the ships that would be offered. The brochure lists 27 ships and notes that these will be sold over a 3 month period starting September 7th, 2021. Due to delays in development this 3-month period was later prolonged. Additionally, the team decided near the end of 2021 to postpone the titan ships to the next GAO phase.
All in all, 24 ships were released during this first phase (2021).
==Waves==
The initial GAO consisted out of several waves, with different NFT-assets being sold during each of them. Additionally, some of the NFT's being offered were divided into multiple batches at different price points.
===Wave 1===
The first wave launched on September 7th at 15:00 UTC with the release of the Opal Jet. That same day 4 other ships were released, each one hour after the other.
The following assets were sold during this wave:
 
 GAO Sales - Wave 1
Item 	Date 	Time 	Batch pricing	Batch supply
Opal Jet 	Sept 7, 2021	15:00 UTC	20 USDC 	127,500
Pearce X5 	Sept 7, 2021	16:00 UTC	135 USDC 	14,000
 	 	 	145 USDC 	17,000
VZUS Opod 	Sept 7, 2021	17:00 UTC	1,500 USDC 	800
 	 	 	1,800 USDC 	1,000
Calico Compact Hero	Sept 7, 2021	18:00 UTC	3,520 USDC 	700
 	 	 	4,160 USDC 	500
Ogrika Thripid 	Sept 7, 2021	18:00 UTC	8,170 USDC 	400
 	 	 	8,955 USDC 	300
Upon conclusion of the first wave, the next day an article was released, detailing the first two waves and hinting that subsequent waves would follow over the weeks following it.
===Wave 2===
Wave 2 was originally supposed to start September 9th at 15:00 UTC but was last-minute postponed by the team to 23:00 UTC to accommodate different time zones.
The following assets were sold during this wave:
 
 GAO Sales - Wave 2
Item 	Date 	Time 	Batch pricing	Batch supply
Pearce X4 	Sept 9, 2021 	23:00 UTC	20 USDC 	55,000
 	 	 	25 USDC 	62,000
Opal Jetjet 	Sept 10, 2021	00:00 UTC	300 USDC 	1,000
 	 	 	320 USDC 	8,000
Fimbul BYOS Packlite	Sept 10, 2021	01:00 UTC	3,360 USDC 	725
 	 	 	3,640 USDC 	875
Calico Guardian 	Sept 10, 2021	02:00 UTC	29,985 USDC 	100
 	 	 	30,950 USDC 	80
 	 	 	32,999 USDC 	40
===Wave 3===
There was a significant gap (a month) between Wave 2 and Wave 3 sales. Wave 3 consisted out of only 2 ships and went live on October 7th at 15:00 UTC.
The following assets were sold during this wave:
 
 GAO Sales - Wave 3
Item 	Date 	Time 	Batch pricing	Batch supply
Pearce F4 	Oct 7, 2021	15:00 UTC	2,500 USDC 	1,200
 	 	 	3,250 USDC 	1,000
Fimbul ECOS Greenader	Oct 7, 2021	16:00 UTC	8,200 USDC 	450
 	 	 	9,185 USDC 	300
===Wave 4===
Due to delays with game development, the team decided to slow down their ship releases. Wave 4 was launched a month after wave 3 finished. It consisted out of 4 ships that were all launched one after another on November 9th, starting at 12:00 UTC. 
====ATLAS====
What made this launch special is that it marked the first release where half the available supply could be bought with ATLAS directly. Simultaneously, the team moved whatever remained of their earlier waves in full to the ATLAS market as well. 
* Note that in the table below, the ATLAS-batches are also shown in their dollar value. The peg was set at 1 ATLAS = 0.195 USDC. Despite assurances by Michael that they would rebalance the peg every week or so, this did not occur until the start of the 5th wave mid-December. 
The following assets were sold during this wave:
 
 GAO Sales - Wave 4
Item 	Date 	Time 	Batch pricing	Batch supply
Rainbow Om	Nov 9, 2021	17:00 UTC	2,400 USDC 	461
 	 	 	2,400 USDC* 	461
 	 	 	3,120 USDC 	600
 	 	 	3,120 USDC* 	600
Pearce R8 	Nov 9, 2021	18:00 UTC	10,080 USDC 	277
 	 	 	10,080 USDC* 	277
 	 	 	12,240 USDC 	250
 	 	 	12,240 USDC* 	250
VZUS ambwe	Nov 9, 2021	19:00 UTC	1,200 USDC 	2,266
 	 	 	1,200 USDC* 	2,267
Pearce C9 	Nov 9, 2021	21:00 UTC	28,900 USDC 	22
 	 	 	28,900 USDC* 	22
 	 	 	32,385 USDC 	35
 	 	 	32,385 USDC* 	35
 	 	 	34,400 USDC 	17
 	 	 	34,400 USDC* 	18
===Wave 5===
The final ship sale for 2021 occurred right before the launch of SCORE, starting on December 14th. It would mark the launch of some of the biggest ships and would conclude the sale of all non-titan ships listed in the initial GAO brochure. Unlike previous waves, this one would span 2 weeks, seeing releases on 4 different days with 5 different ships being offered on the first day. The last ship released was the first anomaly-class ship, the Fimbul ECOS Treearrow, and the most expensive ship to date. It was released on December 23rd, 2021.
The following assets were sold during this wave:
 
 GAO Sales - Wave 5
Item 	Date 	Time 	Batch pricing	Batch supply
Pearce C11 	Dec 14, 2021	17:00 UTC	80,100 USDC 	27
 	 	 	80,100 USDC* 	27
 	 	 	99,900 USDC 	27
 	 	 	99,900 USDC* 	28
Rainbow Chi 	Dec 14, 2021	18:00 UTC	$995 USDC 	3,744
 	 	 	$995 USDC* 	3,745
Ogrika Jod Asteris 	Dec 14, 2021	19:00 UTC	25,000 USDC 	14
 	 	 	25,000 USDC* 	15
 	 	 	31,385 USDC 	42
 	 	 	31,385 USDC* 	43
 	 	 	33,565 USDC 	25
 	 	 	33,565 USDC* 	25
Calico Evac 	Dec 14, 2021	21:00 UTC	2,200 USDC 	355
 	 	 	2,200 USDC* 	355
 	 	 	2,860 USDC 	550
 	 	 	2,860 USDC* 	550
Tufa Feist 	Dec 14, 2021	22:00 UTC	795 USDC 	3,294
 	 	 	795 USDC* 	3,295
Fimbul BYOS Earp 	Dec 20, 2021	17:00 UTC	895 USDC 	3,907
 	 	 	895 USDC* 	3,908
Pearce X6 	Dec 21, 2021	17:00 UTC	930 USDC 	3,754
 	 	 	930 USDC* 	3,754
Fimbul ECOS Bombarella	Dec 23, 2021	17:00 UTC	30,000 USDC 	14
 	 	 	30,000 USDC* 	15
 	 	 	34,385 USDC 	20
 	 	 	34,385 USDC* 	20
 	 	 	37,660 USDC 	25
 	 	 	37,660 USDC* 	25
 	 	 	40,275 USDC 	30
 	 	 	40,275 USDC* 	30
Fimbul ECOS Treearrow 	Dec 23, 2021	19:00 UTC	99,500 USDC 	22
 	 	 	99,500 USDC* 	23
 	 	 	111,000 USDC 	22
 	 	 	111,000 USDC*	23
==Price Announcements==
During the first two waves, the price at which the ships were sold was not made public until the actual sale started. The team hoped this would prevent front-running from happening, but discovered that this approach did not work as hoped.
After these waves, the team decided to approach the remaining waves a little differently. During the 16th Townhall, Michael promised greater transparency by announcing the price at which they would sell the items before going live.
==Fixed supply==
During the 16th Townhall, Michael revealed that they have no immediate intention to sell the ships that are sold during the GAO ever again:
==References==