About Compet and Compet deeds:

[Admin]

Alright, I'm going to try and out line the facts known about compet/compet deeds. This more of a copy and paste deal though, with some minor explanations.

Site: [You must be registered and logged in to see this link.]

Compet deeds are still forsale via the webshop/compet shop. They will go live in aprox 23 day from the time of this post. They are estimated to pay out a minimum of 30 ped per deed per month. They cost $10 usd per deed via the online shop while they are for sale.

It is reasonable to assume that their price will jump dramatically on AH after they go live and sell out of deeds.


Entropia Universe Global Crowd Investment

Entropia Universe takes Global Crowd Funding to the next level with the Development of Compet a Real Cash based Competitive Pet Battle App and Browser Game. Entropia Universe is an $80 Million Dollar Virtual Trading Platform that has maintained its position for over a decade as the Pioneer of Real Cash Virtual World economics with its groundbreaking Multi-Planet Virtual Universe, which has set numerous World Records for Most Valuable Virtual Items including Moons, Asteroids, Planets, Space stations, Weapons and Treasures which contribute to an annual GNP of over $300,000,000 USD.

The First Crowd funding Campaign in Entropia Universe started in December 2011 and raised over $6,000,000 USD through the distribution of Virtual Land deeds for the Planet Calypso. Unlike Traditional Crowd funding Websites which only allow Backers to receive thanks or Product Rewards from the Campaigns, Entropia Universe allows backers to receive Revenue participation from the Projects backed. Deed Holders in Planet Calypso have collected over $3.5 Million USD in Revenue since the launch of the campaign. Another Feature that makes Entropia Universe Crowd funding so exciting is the player auction which allows backers to securely trade their Deeds in the secondary market. Calypso Land Deeds currently trade at appx 150% of the initial offering price at a Volume of 1,000 Deeds Per Month.

The COMPET Game which is built on the Backbone of the Entropia Universe Real Cash economy System will have a greater reach than all previous Entropia Universe Games as it is designed to be accessible on the Web through Browsers and as an App to anyone with a Smart Phone or Tablet
COMPET has already received over $200,000 USD in funding from the participiants of Entropia Universe now it’s your chance to Become a Backer of Compet and finally you will have the opportunity you truly deserve to enjoy the financial upside of Backing a Successful Crowd funded Project.

Most of us have heard of crowdfunding, private individuals pledge funds to a new start-up company or product and receive in-exchange the service or product from the company once it comes to market, but imagine if you could actually crowdfund a project and receive on going revenues from the sale or use of that product.
A well know crowdfunded product was Oculus Rift, a virtual 3D headset, this was crowdfunded in the normal way and the pledgers helped the product to production, they received a virtual headset as part of the promised pledge, but that was the end of the road for the people who pledged to help this company and product become successful, and when the company was sold to FaceBook in 2013 for over 2 billion Dollars none of the pledges received any remuneration or bonus for helping bring this company to be a billion dollar business.
A little unfair we think!

A new type of crowdfunding;

Help fund this project and receive regular monthly payments based on the revenue generated once launched, when the company/project revenues increase so does your share.


The offer

Finally you will be able to play the Entropia Universe(EU) on different platforms.

The new Competition Pet (ComPet) system will provide features of Entropia Universe, including creature clashes, and bring them together in an exciting smartphone, tablet and web browser application.

Smartphone, tablet and browser users will be able to compete with one another by selecting one of the many pets available in the ComPet application. There are various maturity and price levels available to fit players of all types, including a free-to-play version. Once a pet has been selected the user will choose a number of “buffs” and “add-ons” that can both personalize the pet and enhance its combat prowess. Next, users carefully prepare a unique battle plan; this is a set of special instructions for the pet on how to engage its rival. Once the user is satisfied with the pet configuration, the pet can be entered into the ComPet Arena or enlisted for defense duty at the user’s home base. In any battle, trainers can win real cash prizes. If players play for free they can win special pet upgrades and points; if played for PED (Project Entropia Dollars), they can win more PED, which can be exchanged for real cash.

Additionally, any player can be part of this revenue opportunity and earn PED when smartphone, tablet and web browser users play the new Entropia Universe ComPet App. Before launch, 200,000 ComPet Deeds, priced at 100 PED (10 USD) each, will be made available through the webshop and in the Entropia Universe auction. Deeds can be acquired by anyone with an Entropia Universe account, even those who may not have installed the full Entropia Universe PC client software. They can alternatively purchase deeds through the Virtual Tycoon Android mobile app and start earning revenue from ComPet activity, which is scheduled for launch on May 10 2016.

Deed holders will receive 30% of the gross ComPet revenue. In addition, the ComPet affiliate program will enable users to recruit their friends and earn a 15% share of their recruited users’ activity. The remaining 70% (or 55% in the case of an affiliate-referred user) of revenue will go toward marketing, operation and support for the ComPet App. In conjunction with MindArk’s accountants, Price Waterhouse Coopers (PWC), the ComPet App accounts will be available for inspection and published on the Entropia Universe website.

The graph below shows the annual return on the ComPet deeds as a function of the number of paying users (possible revenue share from affiliate program not included).



Assumptions underlying the graph:

That the average user lifespan will be six months
That 80% of the users will play for free and 20% will pay to play
That the Average Revenue per Paying User and month (ARPPU) will be 3 USD.

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FAQ

MindArk is proud to announce that the auction of ComPet deeds is going very well, with over 1 million PED worth of deeds already acquired by participants looking forward to being part of the ComPet project. The MindArk team has been both thrilled and encouraged by the great amount of interest shown in ComPet so far! In this announcement and throughout the development cycle we will be sharing lots more information about the ComPet system, including design plans and concept art.

We have also collected a number of relevant questions received from support cases and community discussions, which we hope to answer in the FAQ section below.
Why is MindArk creating a separate game on a different platform?

We have learned from our marketing efforts that many potential Entropia Universe participants are lost before even logging in to Entropia Universe due to inadequate computer requirements, internet bandwidth, or other factors. ComPet will give potential participants who are interested in the concept of Entropia Universe’s RCE-MMO but are unable to play the full PC version a chance to experience at least some part of the uniqueness of Entropia Universe.
It was announced that in the free-to-play portion of ComPet, one can win points. What are the points used for?

There will be multiple currencies in ComPet. ComPet points can be obtained through lots of dedication to the game, and used to upgrade your pets or home as an alternative to using PED that can be bought for real money.
When will ComPet be released?

The release date for ComPet app has been set to May 10, 2016. You can follow the countdown here on competgame.com
Will we be able to test the game?

Yes, those who own ComPet deeds will be invited to join the closed beta test in March 2016.
Does this new project mean that MindArk’s development priorities have shifted away from Entropia Universe?

MindArk’s vision for Entropia Universe has always been about making the universe deeper and broader, with a variety of experiences and features available for participants of all interests. MindArk wishes to expand the RCE universe to improve the user experience while also creating more opportunities for participants to invest and earn profits. Introducing ComPet as a standalone game and connecting parts of it with Entropia Universe accomplishes both of those goals.

That being said, rest assured that MindArk will continue to develop the core Entropia Universe platform and content as it has done for over 10 years. Development of Entropia Universe will not be negatively affected in any way by the ComPet project.
Why are there so many different types of deeds being introduced by MindArk lately?

Deeds are a great way for our participants to engage with the RCE model of Entropia Universe in a way that is totally unique in the gaming world. Previous deed opportunities have been a great success for everyone involved, and we plan to continue offering these opportunities to our participants in the future.
Which platforms will ComPet be available on?

We are mainly targeting mobile devices running both Android and iOS. It will also be available in a desktop version for PC and possibly Mac as well.
The original description of ComPet sounded a lot like gambling. Is this the case?

ComPet will be a skill-based game with some random elements included for balancing and entertainment value, very much similar to Entropia Universe.
Will all pets available in ComPet be inspired by Entropia Universe creatures, and will all pets used in ComPet be provided by Entropia Universe tamers and stables?

While the Entropia Universe taming system will definitely be a big part of the ComPet economy, not all ComPet pets will originate in Entropia Universe or be inspired by existing creatures. Many of the low-level ComPets will be generated by the ComPet system itself so that new players can get started right away. More details on the interaction between the Entropia Universe taming and stable systems and ComPet will be announced in the near future.
How does the ComPet app relate to the re-implemented Entropia Universe taming system that was announced not long ago?

As explained in the original ComPet announcement, the ‘traditional’ Entropia Universe taming system that was disabled after Version Update 10.0 will be reimplemented, with some exciting new features. In additon, the recently auctioned Entropia Universe stables will have the ability to sell pets and services to ComPet players.

[Admin]

For up to date information on how the project is going please refer to this link:
[You must be registered and logged in to see this link.]

[weirdo]

30 PED per month? This sounds like a lot. May I ask where these estimations come from? I am thinking of buying more of them ...

[Admin]

They come from Mind Arc, and knowing MA, I would take the estimates in stride.

[weirdo]

Sorry, but where did they state that? I am interested in every bit of info I can get. I seem to have missed that one

[Admin]

Follow the link at the beginning of this post. It's at the very top, hard to miss.

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