Compet Payout ROI

[Korin Dante MDe]

What has been the ROI we getting on the payout received monthly from Compet deeds with taking Mindark sold as cost price and also considering present market price?

 

[RickEngland]

What has been the ROI we getting on the payout received monthly from Compet deeds with taking Mindark sold as cost price and also considering present market price?

Compet paid out 4 times from February 2018, a few pec a deed per month. It's not paid out any revenue since June 2018

Deeds were originally sold by Mindark at 100 ped each when listed on auction in 2014, just before launch MA removed them from auction and listed them for sale in the Web shop for 120 ped per deed.

Mindark have not confirmed if all 200K of deeds were sold ($2 million based on 100 ped each), therefore it's unknown how many deeds are in circulation.

The current market price is averaging around 20 ped a deed as of end of August 2018. This triggered a few big original supporters of Compet this month to finally throw in the towel dumping their big stacks of deeds at huge losses. Those investors, appear to be selling out of EU as well based on EU auction listings.

The current season has just ended, so the Arena is out of action, until Mindark trigger it again.
Players are still upgrading rings, buildings though in my opinion.

There has been zero communication from Mindark since Feb-18 when they said they would start revenue payouts. There's been no communication about stopping payouts since June-18

The main Compet theme is still in Easter mode, I'm not sure what message Mindark intend this to mean to their customers and supporters, although it's not sending the right message to any new players that join the game.

Mindark have previously stated they're committed to Compet, and intend to link it to EU in some form, although they've not provided any timescales for delivery. There's still a market for deeds based on assumption Mindark will deliver on their promises at some point. If that happens, then the deeds at current prices could be considered a bargain.

Nothing more to say really.

Rick

 

[mastermesh]

Nothing more to say really.

Rick

Actually, there's a lot to say, but not worth saying since it'll all fall on deaf ears.

 

[RickEngland]

Actually, there's a lot to say, but not worth saying since it'll all fall on deaf ears.

Exactly. There's a load of very pissed off Mindark customers and supporters right now. Like you say it's a complete waste of time writing about it. Some easy fixes too for Compet to get it moving, Maybe Mindark put the whole thing on hold whilst they decide what they intend to do about it. Again; until Mindark communicate or publicly show some interest in Compet (like take it out of Easter mode), debate is pretty futile.

I'm out of here.

Rick

 

[mastermesh]

Honestly, I think they left the Easter theme turned on since it's Kim considers a 'showcase' of the potential. I suspect they originally were going to do all of the other seasons, but then discovered they were too broke to do any more customization... If they are going to leave it turned on, at least put some of the speedy pink bunnies in the shop so that we can transfer em over to Entropia if/when that possibility happens in another decade or two.

 

[Me Really Never]

imo 20 ped a deed is still 20 ped too much. i would say the future MU of them is TT value as the game is dead and there wont be a revival. mobile games are a lot too fast paced for MA and as it was expected the game failed and died.

 

[Spawn]

What has been the ROI we getting on the payout received monthly from Compet deeds with taking Mindark sold as cost price and also considering present market price?

lets try to answer the question.

assuming that all goes well and there will be payouts in september, october, november and december and that you have an average of 1 pec per deed per month, that's 12 pec per year

original price was 100 ped per deed. So it will take 833 years to break even if people keep playing this game that long.

current price is around 20 ped. It will take 166 years to break even.

A "normal" investment opportunity in Eu has a roi of 5-8 years. lets assume 8 years then,
the realistic price of a compet is 12x8= 96 pec or approximately 1 ped.

That is still a high risk investment, because it assumes that there will be a payout every month and people will keep playing compet for 8 years to come.

 

[Atrax]

lets try to answer the question.

assuming that all goes well and there will be payouts in september, october, november and december and that you have an average of 1 pec per deed per month, that's 12 pec per year

original price was 100 ped per deed. So it will take 833 years to break even if people keep playing this game that long.

current price is around 20 ped. It will take 166 years to break even.

A "normal" investment opportunity in Eu has a roi of 5-8 years. lets assume 8 years then,
the realistic price of a compet is 12x8= 96 pec or approximately 1 ped.

That is still a high risk investment, because it assumes that there will be a payout every month and people will keep playing compet for 8 years to come.

Yep, that's fair IMO. Harsh but true.

Backed up by the purely personal/emotional fact that at 1 ped per deed I'd be willing to buy 50 - 100 to speculate. At two PED per deed I'm not very interested. At five PED per deed, I'd wish you the best of luck but also not very hopefully.

At current market prices I keep thinking "It sure is nice of these guys to help those original investors out of their investment without a total loss".



There was a matter of timing but I'm glad I missed this train. I would have invested if I had been aware.

Fingers are crossed for AMD to perform a little better.

They've treated compets JUST LIKE the EU. The comments from supporters here and elsewhere show this clearly.

The current crop of MA never started PE or EU they have just milked the cow for a decade. I guess they never understood the part about how if it doesn't at least work right for a minute, nobody new is going to show up and start throwing money at their clusterf***.

It looks like the current EU player base is so forgiving of MA that they thought they could just throw a minimum effort app out there and it would stick.

I guess ignoring basic (promised) functionality, 'bugs' that you can spend to get around, requiring PVP with no player base, etc... just isn't the way to get a new app off the ground when you're aiming directly at one of the most competitive market segments there is.

who'da thunk it?

 

[Bones]

who'da thunk it?

From the beginning they stated or at least inferred the game would be directly linked to Entropia.

This is what sold their loyal base on a 2 million dollar gamble.

They lied.

 

[SpikeBlack]

The Stables were sold on a possible link to the app as well?

How does the ComPet app relate to the reimplemented 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.

Did that ever happen?

 

[Hijacker27]

The Stables were sold on a possible link to the app as well?



Did that ever happen?

Did anything promised to us in the past half a decade ever happen?

 

[Fiona Simmons]

People purchased stables must feel also screwed. I dont think that selling buffs is much profitable i dont think they will enhance a "dead" system. Some stables dont even got their visuals, they still just a single terminal standing in the middle of somewhere.

Compets had a massive amount of signs that it will end up like it did and i can only assume that a lot of people who put their money into this have no expirience with high risk high reward investments.

In the first place if you bought the deeds as soon they got out it took them years and years to deliver the product. That allone should have been a reason to sell. No matter what fantasy ROI we was dreaming about it was ZERO for years and years. After years of waiting and no signs they would relase the game within another year i sucked up my loss and let it go. Two weeks later they put compet deeds in webshop exclusively for 120 ped each and i only tought of two things.

1. DAMMIT i sold too early instead of 10% loss i could have been out with 10% to 15% profit after all those years of waiting.

2. This is hillarious, the game is doing so bad and they raise the price, it almost feel like they giving insiders and wary investors a oportunity to BAIL out of compets with a small profit on the costs of all those people who didn't realize it's flushing down the toilet. Anyone who bought or hold on deeds at this point had a big tunnel vision, ignoring all signs of warning.

This dick move from mindark woke me up, im not saying you can't invest in EU but i will never again invest into something that isn't developed yet and functional and proven profitable. For example the moon deeds, making them 60 ped and drive people into buy them wayyy before the moon was ready for a couple less peds was another mindfuck.

Same for their crypto token, buy early get discount on something that dosn't exist yet and you might see any return in a couple years, maybe or maybe not. Until than thanks for the free of interest donation

The ark moon wont generate more economic turnover at best it shift peds spend from other places to the moon but is that good enough allone to sink so much peds into those deeds ? I dont think so , also the fact allone you can't sell your deeds before arkadia sold all deeds to the playerbase would be a NO dont invest in big red letters for me.

If people have too much money they should grab a bigger gun and have some fun instead wasting it on pec's and 20 years ROI projects or investing outside entropia in a high risk fond, but thats only my personal opinion.

 

[RickEngland]

Interesting thoughts and posts good read.

Lets be honest though, The Entropia community bought compet at the price Mindark "the developer" we trusted suggested they could make it work to generate revenue (a company with a good 15 years experience in RCE gaming). In other words the developer must have known what systems they would need to add to Compet to generate revenue (in it's current state), to justify the price of the deeds Mindark sold.

For me; I never considered that Mindark would act like a bolier room towards their own long term community. Sure we all know MA sell us stuff that can devalue pretty quick, but surely even Mindark have their limits. I just didn't want to beleive I guess that Mindark would do this to us.

Maybe I'm in denial, although I still believe compet is not a finished game. Simple things like adding a ped paid forest that you can loot ped is a step forward. The big question for me has always been; why don't Mindark want to add systems that will generate revenue?

Rick

 

[Me Really Never]

Interesting thoughts and posts good read.

Lets be honest though, The Entropia community bought compet at the price Mindark "the developer" we trusted suggested they could make it work to generate revenue (a company with a good 15 years experience in RCE gaming). In other words the developer must have known what systems they would need to add to Compet to generate revenue (in it's current state), to justify the price of the deeds Mindark sold.

For me; I never considered that Mindark would act like a bolier room towards their own long term community. Sure we all know MA sell us stuff that can devalue pretty quick, but surely even Mindark have their limits. I just didn't want to beleive I guess that Mindark would do this to us.

Maybe I'm in denial, although I still believe compet is not a finished game. Simple things like adding a ped paid forest that you can loot ped is a step forward. The big question for me has always been; why don't Mindark want to add systems that will generate revenue?

Rick

you missed a point there. MA has 15 years experience in RCE PC games and 0 years experience in mobile games. they used their pc games exp to make the game but unfortunately, as we told beforehand, this wont work. the mobile gaming community is entirely different and cant be converted 1 by 1

 

[wizz]

If people have too much money they should grab a bigger gun and have some fun instead wasting it on pec's and 20 years ROI projects or investing outside entropia in a high risk fond, but thats only my personal opinion.

Well, I never regretted buying the CLD's instead of a big money wasting gun.

I do however also not regret that I did NOT buy compet deeds.
Never believed in that mobile shit.

 

[OZtwo]

People purchased stables must feel also screwed. I dont think that selling buffs is much profitable i dont think they will enhance a "dead" system. Some stables dont even got their visuals, they still just a single terminal standing in the middle of somewhere.

Compets had a massive amount of signs that it will end up like it did and i can only assume that a lot of people who put their money into this have no expirience with high risk high reward investments.

Yes, even I put up red flags way before Compets was set on paper. I still remember so many laughing at me when I stated that my thought was that MA would not linked the two games. It was only after Compets was released and crashed when MA said 'maybe in the future' with people then yelling at me telling me I was wrong pointing me to the 'maybe' link

But one side I didn't think about which makes a lot more sense WHY the two games are not linked is that since MA did outsource the project, if they were to link the games that would mean that MA would then have to give up a LOT of EU source code which I'm guessing put up a red flag and top people at MA said "NO!" and that right there ended the planned link. -- But yes, I still believe that it wasn't that but more the outsource company just scamming MA telling them anything could be done.

 

[NPV]

Interesting thoughts and posts good read.

Lets be honest though, The Entropia community bought compet at the price Mindark "the developer" we trusted suggested they could make it work to generate revenue (a company with a good 15 years experience in RCE gaming). In other words the developer must have known what systems they would need to add to Compet to generate revenue (in it's current state), to justify the price of the deeds Mindark sold.

For me; I never considered that Mindark would act like a bolier room towards their own long term community. Sure we all know MA sell us stuff that can devalue pretty quick, but surely even Mindark have their limits. I just didn't want to beleive I guess that Mindark would do this to us.

Maybe I'm in denial, although I still believe compet is not a finished game. Simple things like adding a ped paid forest that you can loot ped is a step forward. The big question for me has always been; why don't Mindark want to add systems that will generate revenue?

Rick

Tunnel vision. Entropia is here only because of gambling addicts and some whales profiting on them, that's why game is free to play model. Conpet, Deeptoken, it's all failure from day 1, it's just means to move money.

If Entropia had 15$ monthly fee like every other MMO back then or it would be F2P model with cash shop, game would of died in a month.

Let's be honest, game engine and whole gameplay, physics etc is a complete crap. Story and missions, crap. PVP, crap. The one thing that is keeping it alive is gambling addicts who are not smart enough to play slot machines?

On top of that, Mindark has zero regulation, meaning they can pull whatever numbers at whatever time to still profit. It's not very smart to show in Sweden that you are making a lot of profit = taxes. It's better to to move money around with contracts, loans, new bodies etc.

I own Ltd with auditing commitment and I can make 20% revenue disappear or create 30% more cost with an ease, auditor will have no clue. That's why you have good accountant and I'm sure Timkrans has enough know-how how to run things.

I commited 5k$ to see if I can reach lvl100. I quit mid way, pulled out my funds, when I learned about Mindark and the way they operate. I now just click random trash I have left on my account, once it runs out I'll be sweating and keep posting on forums like all the "vets" With the difference, that I actually learned something

 

[RickEngland]

Tunnel vision. Entropia is here only because of gambling addicts and some whales profiting on them, that's why game is free to play model. Conpet, Deeptoken, it's all failure from day 1, it's just means to move money.

If Entropia had 15$ monthly fee like every other MMO back then or it would be F2P model with cash shop, game would of died in a month.

I hear ya. What I think is really sad, and from a management point of view incredibly unbelievable. Is MA had a format that had appeal and customer longevity with Entropia, if you put aside the game physics etc. Why Mindark didn't mirror that with a small App game for pets that ran on phones and tablets is totally beyond me.

It was a brilliant opportunity to start with a clean slate, based on all the experience MA had gained over the last 15 years. They could've got a whole new player base, and as it would've had a similar format, it could've helped with EU traffic as well. But they go for a basic PVP battle app instead.

Sometimes I wish I had the coding knowledge and funding to do it myself. I actually downloaded Unity (engine for Compet) to see what I could do with it even at basic levels, I got so frustrated with MA. At times I wish I could walk in their boardroom, and ask WTF are you guys doing?

There comes a point though when it doesn't matter how many years we've been around and consider ourselves part of the Entropia history or even part of the furniture, it becomes a struggle to defend the direction Mindark take. It's sad really, maybe that's the price of survival who knows.

Rick

 

[wizz]

Entropia is here only because of gambling addicts and some whales profiting on them, that's why game is free to play model.

Yes, we all know Entropia is like a casino.
Pretty good business model

Conpet, Deeptoken, it's all failure from day 1, it's just means to move money.

If Entropia had 15$ monthly fee like every other MMO back then or it would be F2P model with cash shop, game would of died in a month.

Indeed. It would have died. But it didnt. So, it's not like any other MMO.

I commited 5k$ to see if I can reach lvl100. I quit mid way, pulled out my funds, when I learned about Mindark and the way they operate. I now just click random trash I have left on my account, once it runs out I'll be sweating and keep posting on forums like all the "vets" With the difference, that I actually learned something

So you learned that YOU couldnt do it.

But many others could.

Well, I would surely respect you for staying around sweating in the game, just to hang here with the rest of us

 

[wizz]

I hear ya. What I think is really sad, and from a management point of view incredibly unbelievable. Is MA had a format that had appeal and customer longevity with Entropia, if you put aside the game physics etc. Why Mindark didn't mirror that with a small App game for pets that ran on phones and tablets is totally beyond me.

It was a brilliant opportunity to start with a clean slate, based on all the experience MA had gained over the last 15 years. They could've got a whole new player base, and as it would've had a similar format, it could've helped with EU traffic as well. But they go for a basic PVP battle app instead.

Sometimes I wish I had the coding knowledge and funding to do it myself. I actually downloaded Unity (engine for Compet) to see what I could do with it even at basic levels, I got so frustrated with MA. At times I wish I could walk in their boardroom, and ask WTF are you guys doing?

There comes a point though when it doesn't matter how many years we've been around and consider ourselves part of the Entropia history or even part of the furniture, it becomes a struggle to defend the direction Mindark take. It's sad really, maybe that's the price of survival who knows.

Rick

And for you Rick, I really think you are one of the kindest persons around here on the forum, and I really mean it!

But, whenever I read your posts, it wants me to listen to this music and

 

[Atrax]

...
I commited 5k$ to see if I can reach lvl100.
...

I remember my second weekend in game I had found a soc and I was really getting into the game. I had bought enough gear to survive just following them around. Saturday I put in 100 ped and asked them if it would be enough to master the Opalo.

Everyone in channel had a good laugh at that

 

[NPV]

So you learned that YOU couldnt do it.

No, I learned about Mindark and took my 5k$ elsewhere. It's a free to play game after all, didnt you know?

You can get to lvl100 for free, if you go with crafting. You need bankroll, 5k$ is almost enough.

Crafting is profitable, always been, but market is so tiny that it would take good 20 years to get there. Or you go waste your peds and get there faster.

I'm not interested in handing my money to a bunch of obvious scammers since getting to lvl100 has no value at the end.

I played Warframe for few months, I have to say I got little addicted, my wife was angry, I was hiding my playtimes etc. I decided that if I sell that Warframe account, I wount log in and I'm rid of the damn need to log in. With hundreds of thousands players online on rush hour it took 3 minutes after posting my account sales thread to sell it.

There are skill "account" sales threads here 3 years old and will never sell.

 

[Korin Dante MDe]

I just calculated and Compet is giving a ROI of 0.23% annually with initial sales price of 100 PED. That's ridiculous, when is MindArk going for IPO in European market?

 

[Atrax]

I just calculated and Compet is giving a ROI of 0.23% annually with initial sales price of 100 PED. That's ridiculous, when is MindArk going for IPO in European market?

This is suspiciously close to my success rate in mining

 

[RickEngland]

And for you Rick, I really think you are one of the kindest persons around here on the forum, and I really mean it!

But, whenever I read your posts, it wants me to listen to this music and

HAHAHAHA.....well you made me laugh.

Truth is I gave up hunting and mindforce to take the a new direction in pets 4 or so years ago. so I sacrificed many years of game play to train EU pets and back Compet. But the promised content for EU pets never happened, and MA didn't give compet enough activities to generate income.

It takes years mate to add a good million plus XP to top end EU pets.

Back in the day I used to enjoy adding hof posts to the forum, and really enjoyed skilling mindforce and rifle. Plus my antics in space in basic quad looting ESI's from cosmics...fun days.

To be honest my the last 4 years in EU feels like a complete waste of time, because I don't feel my pets have any purpose and my Compet deeds are worth f**k all and don't pay.

I learned a valuable lesson though, TRUST NOTHING MA says, until it's in game and working. I wish that wasn't true, but it is.

Rick

 

[RickEngland]

I just calculated and Compet is giving a ROI of 0.23% annually with initial sales price of 100 PED. That's ridiculous, when is MindArk going for IPO in European market?

I suspect Mindark would have to announce actual active player accounts in any prospectious, and give detailed income over various statistics per current players. They just couldn't get away with; we had 100K Entropia players in 2009, that just wont wash for an IPO share listing.

Rick

 

[sawachika]

HAHAHAHA.....well you made me laugh.

Truth is I gave up hunting and mindforce to take the a new direction in pets 4 or so years ago. so I sacrificed many years of game play to train EU pets and back Compet. But the promised content for EU pets never happened, and MA didn't give compet enough activities to generate income.

It takes years mate to add a good million plus XP to top end EU pets.

Back in the day I used to enjoy adding hof posts to the forum, and really enjoyed skilling mindforce and rifle. Plus my antics in space in basic quad looting ESI's from cosmics...fun days.

To be honest my the last 4 years in EU feels like a complete waste of time, because I don't feel my pets have any purpose and my Compet deeds are worth f**k all and don't pay.

I learned a valuable lesson though, TRUST NOTHING MA says, until it's in game and working. I wish that wasn't true, but it is.

Rick

I feel for your loss. Took you too long to notice though...when the signs were written all over to be honest.

https://www.planetcalypsoforum.com/...et-App-Deeds&p=3270107&viewfull=1#post3270107
https://www.planetcalypsoforum.com/...eeds-and-BAD&p=3271495&viewfull=1#post3271495
https://www.planetcalypsoforum.com/...out-schedule&p=3302671&viewfull=1#post3302671
https://www.planetcalypsoforum.com/...bout-ComPets&p=3342061&viewfull=1#post3342061

One more thing though, just in case you hadn't noticed. Even if it is in game and working, MA CAN and HAVE the right to alter/modify/overwrite/change (yes, they all have the same meaning) anything at the drop of a hat. So it is best to stay cautious.

 

[Fiona Simmons]

For those who still believe 20 Peds/Deed is a good investment oportunity



I dont expect this badly drawn arrow to move for the next 4 years to come, but until that day compet will have vanished as it cost money to keep it running and right now it dosnt generate any income. I believe the only reason
its still up is because they dont dare to kill the last shred of hope for those who holding deeds.

Reboot ? Relaunch ? Of course they had to say this, imagine the outcry if they didn't. Paper is patient. The unpleasant truth is a reboot and overhaul cost money, wanna give them another 2 million trying to fix whats wrong with the game and market it right ? Else, why would they threw more money at compet especially when its their money and not ours ? If you can still get 20 ped / deed and not selling you'd one of those People who would also keep their dot.com stocks after march 2000.