Next Island Shares

Next Island has announced a redevelopment of Ancient Greece and the release of Ancient Greece shares. The shares are the second to be listed on the exchange at an initial cost of 10 PED per share. 750000 shares represents 50% of Ancient Greece, 100% of the revenue is to be shared between the share holders. The dividend payout will happen every Monday at 00:00.

There has been a complete overhaul to Ancient Greece, the terrain has been terraformed to improve previously underdeveloped areas, and the teleporter network has been redesigned. The terraforming has cause previously inaccessible resources to shift closer to the surface.  A number of auctioneers have set them selves up and new terminals have also been added. Ancient Greece is accessible through the Orpheus Cave teleporter on the planet Next Island.

21 new unique blueprints are now available along with the ability to upgrade the Gorgan Armour. 2 new missions chains are now available, containing treasure hunts, kill-point missions, crafting objectives, mining runs, and more of an in-depth storyline. 3 New unique bosses have been added, and 8 creatures have been graphically reworked.

Codex Released and Shares Trading

Bestiary Codex Released

Anyone who keep track of Entropiazine will know that back in July MindArk announced that the current mission system will be replaced with a new mission system.

Today the citizens were handed a new Codex system today containing information on the creatures they have killed, along with a new ranking system based on contribution. The bestiary list in the codex will automatically be added when a person makes their first kill with the new system.

There will also be a period where both the new and old systems will be in place at once, during which kills on qualifying creatures will result in progress on both the old and new system.

The grace period between the two systems will extend approximately one year, if you complete the requirements for the old iron mission during the cross over period, you will receive the usual reward, but you will not be able to begin the next mission of the old system.

When the one year cross over period has elapsed, all missions from the old system will be disabled for all participants. Progress will no longer be possible for the missions, and uncompleted missions will not provide any rewards.

Crystal Palace Shares For Sale

In other news today, we also see the release of the ability to sell shares in the shares system. Right now people are buying and selling shares in the new system.

Back in May Crystal Palace Shares was released to the public, being the first land area to implement the share system.

500,000 shares are available shares equalling to 100% of the Crystal Palace's land area and was originally sold for 10 PED or $1.00 USD each. All the shares were sold in less than 3 days.

Currently the price of each share is around 17.50 PED, but we can not predict if the price will raise or fall. The revenue from the shares have an average of 0.01 PED each per week, payed every Monday.

The estate is 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.

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).