ICO of the Day #5: Prospectors
10 Questions answered about an ICO. Today an online real time economic strategy multiplayer game called Prospectors!
1. When will the ICO take place?
It should have already started on the 1st of June 2017 and the end date would have been a month later on the 1st of July but it got postponed. Yesterday they announced on Twitter that a new date will be announced soon.
2. What is the initial price?
1 Ethereum will get you 1000 Obligations (OBT).
3. What is the total supply?
100,000,000 OBT.
4. Will there be an additional issue of tokens?
There have been a few OBTs sold in the pre-sale to early investors but no tokens will be sold after the ICO ends. All unsold tokens will be burned. Minimum goal is 8000 ETH so 8,000,000 ETH.
5. What is the ICO structure?
- 78.5% totaling 78,500,000 Obligations will be sold to participants of the ICO.
- 1% totaling 1,000,000 Obligations are reserved for early investors that participated in the pre-sale.
- 0.5% totaling 500,000 Obligations will be given as bounties to people that like and follow them or social media, promote them on blogs, translations, etc. You can still earn bounties until the 1st of July 2017 (this date might be extended).
From all the ETH that Prospectors will receive from the ICO:
- 65% will be used for development,
- 20% will be used for advertisement,
- 15% will be held as a reserve.
6. What is a Obligations Token?
A Obligations Token represents a share of Prospectors and anyone holding an OBT will receive a part of the company's profit based on the amount of OBT they own. Furthermore, anyone holding OBT's will have a say in regards to: decisions on vital points for Prospectors which includes the amount of profit paid to investors and the distribution of funds for the development of the game.
7. How can I purchase and store Obligations?
Not 100% clear yet which wallets you can use but as they will be using the Ethereum platform i'm sure MyEtherWallet.com will give you the possibility to buy and receive the tokens and store them safely.
8. What is Prospectors?
Prospectors is what they themselves refer to as a Massively Multiplayer Online Real Time Economic Strategy (MMORTES).
The game is basically a strategy game where you start on a big map and in this case need to start of with finding a plot. Some plots have gold and some don't so you will need to do some research before buying your plot. Gold is very important in the game as this is the actual crypto-currency that is based on the Ethereum Platform. So whilst playing the game OBT is useless as the main currency and the only trade and settlement instrument in the game is the Gold token.
The main things worth knowing about the Gold token are:
- The only way to get Gold is by mining it in the game,
- To mine Gold you will need in-game labor and instruments
- The amount of Gold is limited, not known what the total amount will be at the moment,
- Like I mentioned: some plots come with a lot of Gold and some with no Gold at all,
- Gold can be retrieved and traded on exchanges.
To continue, after you bought your plot or parcel of land you can create (governmental) organizations to trade, produce and process things. There is a full range of raw materials/resources which can be collected by a certain amount of workers that are assigned to every player to begin with. These workers can also built or work for your and someone else can hire them from you, with your consent and for a compensation will be paid in Gold.
9. The Team
- Andriy Maslievich: Cofounder & leading developer and smart-contract developer
- Nazar Chervinskiy: Cofounder
- Max Karkach: Cofounder & Developer, designer and illustrator.
- Oksana Vasylytsya: Cofounder & leading economic model developer
- Taras Yeserskiy: Cofounder & author
- Sergiy Chervinskiy: Cofounder & author and illustrator
10. Should you buy it?
According to the (outdated) road map, which can be seen below, development on the games has not started yet so it is yet to see what this game will be like. If it ends up becoming the new Clash of Clans or as popular as World of Warcraft you are sure to become a wealthy individual. I do feel like people would enjoy playing an online real time economic strategy multiplayer game but it all depends on the execution of the idea and getting it among the masses. Although it sounds as a lot to 20% of all tokens for advertisement in the gaming industry you will have to go big on advertisement or your game won't be picked up by the masses. Just like it isn't always the best App that's first in the App store.
There hasn't been a lot of interest or news about this coin so there definitely is no hype going on. They have an insignificant amount of followers on social media, no proper whitepaper and although the concept of the game is very interesting I would've liked to see some more information (like game play screenshots). It is also unclear why they postponed it but now I am just thinking it's because of the lack of interest. Which might not be true at all but that's what people will start thinking when you don't clearly state why you postponed the date of your ICO.
Will keep an eye on the game and so I will join at an later stage, if it's promising, and so I don't see the need to invest in the ICO, to risky.
Thank you for reading, please share your thought and don't hesitate to leave a comment, follow me or upvote my posts!
ICO of the Day #4: Crypto Ping
ICO of the Day #3: Status
ICO of the Day #2: Tezos
ICO of the Day #1: Polybius
Sources:
https://twitter.com/prospectorsgame
https://prospectors.io/en
https://cointelegraph.com/press-releases/prospectors-ethereum-based-online-economic-strategy
http://coinews.io/en/category/1-crypto/article/448-prospectors-%E2%80%93-ethereum-based-online-economic-strategy-
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I did wonder when a game based mining strategy would surface. It actually sounds like a workable idea. The implementations and running of it will be the key factors I think.
People like results.
Great post as always buddy. 👍
Thank you @justatg! The game sounds cool to be honest lol. I would actually try it out. Especially if they have an App for iOS. But i totally agree, l want to see it in action before putting money into it.
This just looks like a scam - even the basic idea is recycled and it looks like a half hearted effort.
Hi @cryptofield! Great to have someone with such a reputation as yourself comment on my post and share your opinion. IMO it's Important to write an unbiased article on ICO's like this which only seem to have positive sponsored articles around. And yes a company that wants to raise millions and doesn't even update it's potential investors is a big NO for me, half hearted and disrespectful to say the least! Thanks for the $10 upvote!
NP. To be honest a lot of people like myself look for as much information as we can find on ICOs. I'm not very good as a trader (although I'm trying to get better). ICOs are a better way to earn some money as long as you invest in the right ones but that is hard for someone who isn't a coder or doesn't understand all the economic details to do. It is still very much an art in trying to spot the signals that someone is selling snake oil, or they have something genuine to contribute but may be rough around the edges.
I agree, it is hard to find that rough diamond that doesn't have an amazing marketing team but will live up to its promises and potential after receiving its funding. On the long run it will be spotted and introduced to the masses and you will be sure to make a killing. I want to get more involved in investing in ICO's so whilst doing the groundwork I might as well share it with others. Although my posts are just of an introductory nature I hope they are helpful and appreciated.
Yes it is helpful even if you can't give in depth information - after all people need to do their own diligence too. Making them aware is useful because there is no way any of us can keep up with everything. So far Steemit has helped me find several new ICOs and projects to find out more about. I think finding that under appreciated rough diamond as you call it is the ideal - you can make money on the popular projects, but something like this would have much greater potential.
Yes, talking to people and being out there in any community has given me good deals. Mainly on real estate so far but also DigiByte to name one. Have you heard of Verge? Will post something about that in a few hours even though its already been out there on the Exhanges for a while.
Yes I think I did read about it on another blog recently. Didn't really stand out to me.
It's like Bitcoin but very anonymous. They seem to have been working hard lately, technology used pretty impressive, very elaborate black paper and their road map is very detailed and they seem to be making progress. Went up a lot yesterday like 35% but down 18% today so definitely some action there. Been out there for a while and pretty stable.
nice upvoted and visit my wall when you free thanks :) @locos
Thank you! Appreciated! Visited your wall and upvoted your latest article!
thank @locos
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I just want to share the coin information and share it.
In addition to the NeverDai ICO information posted today, I would like to ask you for ICO information frequently.
https://steemit.com/ico/@maxtill94/nevedie-ico-full-analysus-why-you-should-buy-neverdie-coin-gaming-cryptocurrency-coin-comparision-with-gamecredit-mobilego-first