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Share System - Crystal Palace Space Station Shares

Discussion in 'OFF TOPIC' started by theunicate, May 1, 2019.

  1. theunicate

    theunicate Administrator Forum Staff

    Share System - Crystal Palace Space Station Shares

      • Today, 12:03 PM

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      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).
      Info is published on old forum today.
    Kind Regards.
    Theunicate
     
    Last edited: May 1, 2019
  2. Sinner

    Sinner Member

    its an exciting system. im curious what all we can use it for in the future.
     

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