Tuesday, November 8, 2011

Become a citizen of Planet Calypso

Today MindArk announced that they will sell shares from Planet Calypso to the players so 50% of the profit will go to MindArk and 50% to the players that own the deeds. One deed will cost 1000 PED and will give you piece of land 100m x 100m. You will also receive interest each week. Also one of those deeds will give you the right to vote for future development of the planet and 9 deeds will give you the ability to build house on that land. Below is the full official news, but first you can read some of the questions and answers from MindArk employees to make things more clear.

Q: Futurama:
The question is - will we be able to sell them to someone else afterwards? Or i will have to wait few years to get my peds back?
The Land Lot deeds are tradable just like any other item in Entropia.

Revenue share dividends will be paid once per week, to whichever participant currently holds the deed at the time of disbursement.

I guess you will all be my bosses from now on then

Other planets in Entropia Universe
Once a planet partner has reached a certain criteria, such as level of users and a record of profitable revenue stream they will have the chance to include this system on the planet.

Q: AxeMurderer:
Now the deed is like a share from all calypso or for exactly named plot siting somewhere, so everyone will get different revenue depending where his mini land is?

A: Bjorn|MindArk:
Each Land Lot deed provides an equal share of the total Planet Calypso Planet Partner Gross Revenue. The plots that will be made available later will not affect a deedholder's share of revenue.

More of these deeds will be added on a daily basis.

Additional Information
To clarify various questions raised by participants, the following information has been added to the original Land Lot Deed announcement:
Land Lot Deeds can be found on the Entropia Universe auction, under the ‘Global’ location (selectable in the top right-hand corner of the auction interface), and are sold by the avatar James Bowerbird EstateBroker.
Land Lot deeds will be added to the Entropia Universe global auction at varying times throughout the day so that participants from all timezones will have an opportunity to acquire deeds during the initial offering.
The Land Lot deeds are tradeable just like any other item in Entropia Universe. Revenue share dividends will be paid once per week, into the PED card balances of all participants currently holding Land Lot deeds at the time of disbursement. Land Lot deeds need not be held in an avatar’s carried inventory; as long as the deed(s) are included on the ‘My Items’ list, dividends will be received.
The Planet Partner Revenue paid to Planet Calypso (AR Universe AB) will be divided equally: 50% paid to Land Lot deedholders and the remaining 50% to cover the ongoing development, marketing and operating costs of Planet Calypso.
Land Lot deeds are unable to be looted in PVP areas.

Posted on behalf of Jan Welter Timkrans

One of the main reasons for introducing this new system was to finance a substantial marketing campaign for the Entropia Universe. We are committed to initiating a marketing campaign as soon as possibly at much larger scale then we have ever done before.

/EDIT: This was posted in response to questions from Viperstrike voiced yesterday in this thread and through private messages. I thought that the rest of the community would benefit from knowing this as well and that is why I posted the statement in public. - Kim

Q: AxeMurderer:
Is there end date for this or until all deeds are sold?

A: millstreet2:
James (broker) was answering a question in town today, and said vice versely that if they all dont sell, you still get 1/60k of the share, not 1/x amount that sells. But I highly doubt that will happen. Won't be a month before these are gone once bank transfers hit.

It seems that some participants still hold the misconception that buying a Land Lot deed is like buying a "mini Land Area" or that Land Lot deeds will function in a way similar to other existing estates.
This is not the case, as we have tried to make clear in our original announcement and in later statements.
Land Lot deeds are not the same as Outback Land Areas (commonly referred to as LAs or Land Areas).
Land Lot deedholders will not have the ability to set tax rates, manage mob DNA setttings, host events, etc.
The Land Grab mentioned in the initial announcement simply describes a forthcoming system whereby Land Lot deedholders will have the ability to claim a 10m x 10m plot of land for each deed held.


And here is the full news:

Entropia Universe takes Virtual World Citizenship to a whole new level!

Planet Calypso introduces a groundbreaking Citizenship System that includes Land Lot Deeds with an expected annual return on investment of up to 30%.
Gothenburg, Sweden, November 8th, 2011 – MindArk, developer of Entropia Universe, announced today that it will introduce a groundbreaking new Citizenship System. This system will provide planet-wide revenue sharing to participants, as well as a forthcoming political system that will allow users to influence the future development of the planet.

“The Citizenship System will have a strong impact on the social and virtual worlds industry”, said Jan Welter Timkrans, Chairman of MindArk, “Now people can make money using their game-playing skills and by engaging in the micro transactions economy. They can both share in the revenues of their favourite world and help decide its future via the political system! “

The new system will allow participants of Entropia Universe to acquire a Land Lot deed. This deed grants holders citizenship on Planet Calypso, along with political voting rights. Citizens of Planet Calypso will receive a share in the planet partner Gross Revenue. Based on Planet Calypso’s performance over the last twelve months, the potential ROI (Return of Investment) of such shares is expected to be between 27% - 30% per year.

Jan Welter Timkrans: “So far, land management in Entropia Universe has been a very exclusive thing, as the market price for land area deeds have ranged from $5,000 on the low end, to upwards of $500,000. Now, participants of all levels and budgets can manage a piece of an entire virtual world for $100 USD – less than the price of two regular PC games. The Citizenship System brings a new era in MMO and Virtual World participation, something people have been crying out for. It will bring value to people who are passionate about games and global online culture.”

The new Citizenship System will showcase the economics of a successful Planet Partner on the Entropia Universe platform. Planet Calypso is a profitable Virtual world. It is the oldest of the planets in Entropia Universe, has over 1 million registered users and over $ 400,000,000 USD per year in user-to-user transactions.

In total, sixty thousand (60,000) Land Lot deeds will be created, each representing a 100 square meter plot on Planet Calypso. Starting on November 8, 2011, batches of these deeds will be offered on the Entropia Universe auction. Each Land Lot deed will have a start-bid price and a buyout price of 1000 PEDs ($100 USD). The Land Lot deeds will be implemented as stackable items, and will be made available in single units, as well as in stacks of 5, 10, 20, 50, and 100. Batches will continue to be offered on the auction until the entire sixty thousands deeds have been sold.

Each Land Lot deed entitles the holder to a share of the 50% planet partner Gross Revenue generated by Planet Calypso. Payouts of revenue share dividends to deed holders will be made once per week, as opposed to once per year or once per month for many other investments!"

The success and profitability of the planet will determine the revenue received as a land lot deed holder. If Calypso becomes more popular, the ROI will be higher; similarly, if the popularity of Calypso decreases, the ROI would also decrease. First revenue payouts are planned for the beginning of December 2011.

Once every six months, audited figures will be presented on MindArk’s homepage so that deed holders can verify their revenue share payouts.

Current land area deed holders on Calypso will be entitled to one free land lot deed. This does not include deeds for claim battle areas, houses, apartments, shops or sub-divided areas, only Outback Land Areas (OLAs). Treasure Island, FOMA, Crystal Palace and Medusa’s Head will receive one deed, issued to the main estate manager. Management of existing Outback Land Areas will remain unaffected.

Land Lot Deed holders will have the opportunity to take part in a Calypso Citizenship land grab. Certain areas will be opened on Calypso where deed holders can stake out their land plots. This system development is scheduled to begin in 2012.

Land Lot Deed holders will be able to build house(s) on the plot(s) they have staked out. (Minimum of 9 plots in a 3x3 format suitable for a structure). This system development is scheduled to begin in 2013.

Additionally, a comprehensive political system is planned that will allow Land Lot Deed holders to become directly involved with decisions affecting the future development of Calypso, with voting power relative to the number of Land Lot Deeds held. This system development is also scheduled to begin in 2012.

This information has been released prior to the official press release planned for 16th November as a courtesy to Entropia Universe participants. Further information and specifications may be applied.

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