Friday, 3 May 2019

News: Crystal Palace Shares



In the previous few updates we have covered that crystal palaces would be the first land area in Entropia to be sold as shares and in the last update we seen this starting to be implemented, just like the deeds that currently exist in game, if purchased, you will be able to earn a percent of the hunting tax on Crystal Palace.

Currently the prices of the shares are set to cost 10 PED each during the starting period, and a total of 500,000 share are up for sale. The fund earned will go to the current land area owner, "Buzz Erik Lightyear", whom had trouble selling as a whole land area due to the price.

Revenue is generated from hunting activity in the four Crystal Palace biodomes, not including the cave areas. 95% of revenue is paid as dividends to shareholders.

5% of revenue is allocated for the cost of the Energized Fertilizer required for the running of the biodomes, event prizes, and other estate maintenance and improvements.

Tax rate in all biodomes will be initially set to 4.5%. MindArk states that these setting can potentially be voted on by shareholders in the future. Payments of the revenue will be payed every Monday.

The estate will be managed by the official avatar "MindArk CrystalPalace Manager". Energized Fertilizer necessary to maintain creature spawns in the biodomes will be acquired by "MindArk CrystalPalace Manager" at the normal auction at market prices.



Crystal Palace Space Station shares can be acquired via the new share center interface, or in the Entropia Universe Webshop. The new share center interface can be access by right clicking on the your PED card.

Currently you are only able to buy these shares. Crystal Palace shares will be able to be traded in the version update currently scheduled for mid September (approximately 120 days from initial sale).




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