Entropia News: Deeptoken Airdrop Campaign

According to MA's statement, they had been eyeing the crypto market for at least a year and a half. Their current CEO Henrik earlier was their Chief Strategy Officer, so he's just on regular payroll, and most likely the guy who knew a bit more about Cryptocoin than the fossils.

I'd be highly surprised if the other advisers are paid beyond the 10% of the capital raised through the ICO, with their reward depending on how well the ICO did. In total, they'll have to split less than 10k; not anything I'd get out of bed for, let alone partner up with MA and tarnish my professional reputation for.

A few million, if you have to believe the rumours. However, the value of his coin dropped drastically, and I think that largely effected MA's ICO as well. People who were willing to invest in ND probably also would have invested in MAs ICO. However, with most of them loosing their money in a short while, and others seeing how their peers fared, I think it posed massive scepticism. Add to that the typical MA incompetence, and you have an explanation as to why they fail to meet even 0.1% of their desired capital.

You'd be able to hire me from my employer for less than a month for 46k USD. And we're in a solid business, which is growing. Not CryptoMarket, where experience is measured in months, and that is bubble-based (meaning you'll likely be charged a heck of a lot more by a consultant, because the time they can suck your money from you is fairly limited).

No. This simply means that out of 100m tokens, 80% is sold, with MA keeping 20%. So with the sale raising (let's be generous) 100k, MA's own buffer of these tokens equals 100.000/80 * 20 = 25k USD. Though most likely the value of deeptoken will plummet right after the ICO finishes, meaning that the "investors" are left with worthless coins they cannot sell (like the ND Coin), and MA's fictional reserve is equally worthless.

As for Vuforia using Unity for their code, that'll be interesting to integrate with EU. I bet MA's master coders will ensure a seamless and bugfree integration. </sarcasm> The success of their AR game will largely depend on marketing. The reason why Pokemon Go did as well as it did, is (duh) because of the Pokemon name.

Pokemon Go actually uses the exact tech of Ingress (even the locations are similar). The same tech will soon be used in a Harry Potter themed game. I'm guessing that, too, will become a gigantic success. A few months later, MindArk will most likely attempt to hitchhike a ride on that gravy train, but as usual, be too late, and fail to reach a large enough public, while their existing customer base seriously starts wondering whether EU will ever become the primary focus of MindArk again.

 

In calculations don't forget that there's a relatively big share of bonus token nobody paid for, for example that one 50k token purchase got a 10k volume bonus and another 5k time bonus. A total of ~70k USD revenue (not profit) is probably more realistic.

Many consultants work for a fixed base fee plus profit-based bonus. No idea what the rates are in this area but base costs should already be 10ks of USDs. On the other hand, not sure whether there was actually any consultancy done beyond posing as a confidence builder on the website.

I guess everyone can agree that this was a major fail, just as Compet. In other environments this could lead to firing the CEO and other people responsible.

Yep, and they arrived at their current top position after 6 -7 years of development plus massive tech infusions from various Google projects. I don't think anyone else will get anywhere close in the near future.

 

Yup, was going to add this. I'm also guessing that the recent increase we saw from 89k to 902k is the MailDrop bonuses being handed out. I.e. no extra revenue, just people claiming their 4 USD (soon to be worth 0.04 USD).

 

Funny, mine shows yet other numbers:



Math is hard. 1 DTA mysteriously disappeared. (99,999,999 <> 100,000,000).

The number before the MailDrop (that they weren't going to do, because it would reduce the investment of the tokens, but let's do one anyway, because fuck the investors) announcement was about 89k. That means that even when MA was giving away free tokens, they didn't manage to even get 5.000 people to join the MailDrop (and let's face it, chances are a bunch of people participated with more than 1 account). Worse is that the effect of the MailDrop for sales was apparently jack shit.

I hope that there is some serious head scratching going on at MA HQ today, as to why even the most loyal MA fans didn't bite on this opportunity. On PCF, the MailDrop thread hasn't been updated with the final results yet, and I can only assume this is because literally nobody gives a shit. Fuck, man. Even NEVERDIE managed to raise more money than MindArk and their "20 years of experience".

I really hope you're not serious. They clearly stated all unsold tokens would be deleted:

Source: FAQ, under Technical.

If MindArk doesn't want to lose even more face than they already have, they just accept they failed miserably, and figure out other ways to keep their company running. If I were them I'd start by cutting away some dead meat on the Payroll, and focusing on what kept them going for all these years; Entropia. Reach out to the partners, and repair the relationships that they shat on for the last few years while they pursued anything other than Entropia. Address the fuckload of bugs. Start engaging with the players again, rather than just considering them to be easily replaceable bags of money. Make the game fun to play again. Change its dynamics so the items looted might have some value again, rather than ensuring pretty much everything turns into TT food.

Oh, and for gods' sake, fire Timkrans, Simmonds and Jerkrot, with a nice recommendation for other companies to never ever let them get into any position where they can do damage again ever.

 

There's some interesting stuff to see on the WaybackMachine's version of the deeptoken site, by the way:

https://web.archive.org/web/20171228175827/http://www.deeptoken.io/#14

For instance, compare this:


With the advisors from the actual live site.

My absolute favorite is this gem, though:



So they claim to produce over $400 million in GNP, but their slide does not reflect that at all. This could, of course, be explained by the deliberately misleading y-axis scale (Apparently the y-Axis does not start at 0, but the gap between 800-1,600 is equally big as the one between 1,600 and 3,200), but then the only conclusion is that the actual growth between 2012 and 2017 is absolutely minimal (Which contradicts the State of the Unions and Financial reports that for the last few years have boasted spectacular growth).

Secondly, I love the linear development from 2012-2017. And then, magically, in 2018 there's a huge increase in GNP, while the number of microtransactions actually is cut in half. So apparently the average value of the microtransactions in 2018 will dramatically and magically increase.

I think I get why the slide was cut from the final presentation...