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Entropia News: Share System - Crystal Palace Space Station Shares

Discussion in 'Entropia News' started by EP-Newsbot, May 1, 2019.

  1. [​IMG]
    Share System - Crystal Palace Space Station Shares


    In Entropia Universe update 16.3 the new Share Center was introduced which allows avatars to acquire shares in virtual companies and receive revenue in the form of dividends from estates controlled by those companies.

    The first company to be listed on the new share exchange will be Crystal Palace Space Station, with shares available starting on Thursday, May 2, 2019 at 11:00 UTC.

    Crystal Palace Space Station has been one of the most popular Planet Calypso hunting destinations since 2004 and features four biodomes with unique alien creatures.

    Crystal Palace Space Station shares can be acquired via the new Share Center interface (accessed by right-clicking on the PED card), or in the Entropia Universe Webshop.


    Share Information

    • Price per share: 10 PED
    • Total shares: 500,000
    • Revenue is generated from hunting activity in the four Crystal Palace biodomes (caves not included).
    • 95% of revenue is paid as dividends to shareholders.
    • 5% of revenue is allocated for fertilizer costs, event prizes, and other estate maintenance and improvements.
    • Dividends are distributed on Mondays at 00:00 UTC.
    • Minimum dividend payout is 1 PEC per share. If the payout per share is less than 1 PEC, the amount is carried over to the following week’s dividend.
    • The estate will be managed by the official avatar MindArk CrystalPalace Manager.
    • Tax rate in all biodomes will be set to 4.5%. This setting can potentially be voted on by shareholders in the future.
    • 2018 Crystal Palace revenue - 524,261.36 PED (average of approximately 10054.33 PED per week).

    Source
     
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  2. cash-cow.
     
    • Like Like x 1
    • Funny Funny x 1
  3. !deed sales aio graphic.
     
    • Like Like x 1
    • Informative Informative x 1
  4. Tass

    Tass Administrator

    "company", "shares", "dividends", "real cash economy", ... I wonder how they are able to do this without getting in trouble with regulatory bodies.

    I wondering about this:

    Revenue for shareholders is 95% of what's generated from taxes only on hunting (not mining) in the 4 bio domes "(caves not included)".

    "2018 Crystal Palace revenue - 524,261.36 PED". So I would assume this was too only on hunting (not mining) in the 4 bio domes "(caves not included)". Otherwise this would be an outright scam.
     
    • Like Like x 1
  5. NotAdmin

    NotAdmin Administrator

    Yeah right. That would make this the first system that's released half developed and actually updated later. You'll have to escuse me for being skeptical, but we're still waiting updates of space, taming, societies, CLD plots, implementation of a fishing system, and I'm sure McC can name a few other things that were promised to be revised at some mysterious future date.

    Also lol at 2 PEC per week. PLEASE TAKE MY MONEY!
     
    • Funny Funny x 1
  6. Tass

    Tass Administrator

    "potentially... in the future" = never :)
     
    • Agree Agree x 1
  7. NotAdmin

    NotAdmin Administrator

    Yeah, exactly ;)
     
  8. Just to clarify: CP is a no mining area.
     
    • Informative Informative x 3
    • Like Like x 1
  9. Wistrel

    Wistrel Kick Ass Elf

    Unless I'm missing something, it doesn't seem terrible. OK 10% ROI is skating pretty close to RL fully regulated investments (especially if you take into account access and withdrawal/currency transfer fees/conversion rates. But they are at least allowing you to spend PED, and there is no requirement that all the shares get sold by the sounds of things. Presumably they'll be tradable immediately too?

    I'm a little confused as to why a new system to support this rather than the established deeds but ho hum MA might have their reasons. It amuses me that the share exchange was around when I started IIRC? Wasn't it a rather cool looking but non functional room at Hades? I wonder if there is "so much more still to come" as regards companies... I smell BIG Industries and that EP crafting guy er... what do they call that "company" again?

    On the other hand this may be the end of it and it will never be used again. Heck, at least it isn't compets or more crypto bollocks.

    Might grab some with my CLD revenue... I don't think it's worth buying more CLD with that income, not at today's silly inflated prices. What is the ROI on CLD these days if you got them at market rate? Presumably pretty poor?

    What is the ROI on moon deeds too?

    Wistrel

    PS it's worth 10ped just so you can tell your friends you own a spacestation ;)

    PPS Caves? Did someone say Caves? What Caves? Where? and can I go there? or will I instantly die?
     
  10. Those are permainstances containing six Aurli-like mobs named along the lines of Brood of X.

    To gain access, you need to kill 6600 (100+500+1000+5000) Aurli.

    The above is one of the drivers of traffic to CP but it won't last forever. (apart from rare items now and then, Aurli have crap MU these days)
     
  11. The preview image shows the old tunnel system again...wtf ?
    (it all got removed 11 years ago)

    One even leads to the forgotten 3d structure...

    cp tunnels 2019.

    Feel free to compare to my videos of 2008...

    At 0:34 :



    Complete walkthrough of the old tunnelsystem :









    And here is how you got into the Brood missions wthout having to kill 9000 Aurlis...




    And some annoying bonus footage :

     
    Last edited: May 1, 2019
    • Winner Winner x 1
  12. At first to all colonist :
    The relog bug and come back outside of the dome in space is still not in the pipeline to be fixed.
    No bug report was done by Darkaruki because he doesnt have the level to hunt mobs there.
    This is a known issue since 2004 reported thousands of times but no patch is schedulled in a near future.

    Mindark plans to "re-adjust" (translated by dramatically increase) the health and stamina regeneration to increase the cost to kill for the 14th time since Crystal Palace is existing.
    The loot return will not give anything better.
    Loot distribution is shrapnel or under 101% market stakables, so you can tt all loot you get !
    Grind in speculation purpose is a fail already.
    But if you are swedish (or canadian working in sweden) you may "luckily" find rare extremly valuable unlimited items.
    We at mindark can not control the loot, everybody knowes this !

    * "Caves not inculded" : The cave door is located at Crystal Palace but the instance is from Calypso owned by Mindark. Added to this the biggest money return is made by the caves, so you were not expecting to get revenues from those are you nuts ? ! LOL.

    Btw, you may encounter misses in a row "lag" and lost connections, but those are not mindark features and have never been neither in Project Entropia times. Call and accuse your Internet Service Provider !

    The cherry on the cake, 5% from the whole return will be discreetly substracted from the total revenue, even we did not buy a single share (corresponding to 25 000 shares not owned x 10ped),
    but this is not a hidden scam or dishonnest feature (this is not our style at MA, picture it or it did not happen !).

    100% bought / 95% returned : honnest inst' it !


    Ak also did some video at CP :

     
    Last edited: May 1, 2019
  13. Wistrel

    Wistrel Kick Ass Elf

    I don't think I ever killed even 5k puny's let alone hate my life enough to want to spend it killing nearly 7k or something I couldn't kill anyhow I expect. Ah well... I stick to the little Saba Cave or waiting for ubers to run through the one I found... or maybe the Argo one I found that wasn't too bad.... we need underwater caves.
     
  14. San

    San

    There is one, called "Tidewater Cavern" located on the island northwest/outside off the tip of Halfmoon Bay. It's somewhat claustrophobic but also atmospheric if you like virtual spelunking. It has a nasty insect and an underwater creature. When preparing to tackle them, factor in that you will get swarmed quite a bit and take multiple hits.
     
  15. I got a message last night...that made me think...put on your tinfoil hats. ;D

    -Buzz isnt dumb
    -Mindark isnt dumb
    -CP is dead
    (thanks to the caves, that arent part of the deed income, for obvious reasons)
    -dont buy these shares

    Exactly my opinion anyway, but it was nice to hear it from someone I know for a lOoooOoooOong time now.


    p.s.

    You cant buy them anyway, the counter crashes if you set it to 1 x'D
    Because there are "0" shares available.

    The info text about Crystal Palace also dissapeared...I bet they work to rush it out, as too many people asked for "Can I sell the shares"

    Entropia 2019-05-02 12.48.07.
     
    Last edited: May 2, 2019
  16. They changed the counter...added 500k shares....but the transaction fails...


    Entropia 2019-05-02 13.07.28.

    cp fail shares 1. cp shares fail 2.
     
  17. Are we able to sell back the shares ?

    Or we need to wait for another NPC who will tell us we're fucked because they sell at 20% ? ( remember compets )
     
  18. Emergency shutdown of the server. x'D

    Entropia 2019-05-02 13.23.31.
     

  19. Its exactly questions like yours, why they have to rush the sale now...which we can already feel, in the way of error messages and server shutdowns. x'D

    They dont want to answer...but as there is no "Sell" button...the guess is yours. ;)
     
  20. Still not possible to buy shares after the server restart.
    Not bad...as always... ;D


    p.s.
    Shares can be sold in September 2019...as posted by Mindark...
     
    • Optimistic Optimistic x 1

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