Ill start out this post with saying that I only own the tokens I looted and im not planing to sell them, for no other reason that I looted them xD, and that im not looking to buy any tokens at current levels. I do however see value in this token/share and under the right circumstances I would. Also english isnt my first language.
This is a LONG POST xD
Why does the Entropia unreal token have any value at all? The token could have some novelty value linked to the launch of the unreal engine, but I think that most of us would agree that its value can be traced to its ability to pay a dividend to the owner of the token (that you later can trade in for a Entropia unreal share).
So how does that dividend work? Well we have an answer already in the post
https://www.planetcalypsoforum.com/...ds/introducing-entropia-unreal-tokens.290550/. Each share will receive an equal portion of 1% of MindArk’s revenue (calculated after Planet Partner revenue split). The number of shares, to be released, are 1 000 000.
So when will you start to recieve this dividend? MA stated that it will happen after the launch of the unreal 5 engine. So the next questions is then when is that? According to this memorandum (
https://www.mindark.com/investor-relations/notices/documents/MindArk-Memorandum-2023-01-11.pdf), posted by MA, they assess that it will be sometime during Q1/Q2 of 2025.
So how can we quantify the dividend of the future share? The only number released, for us to work with, is what MA posted (
https://www.planetcalypsoforum.com/...ds/introducing-entropia-unreal-tokens.290550/). That is approximately 0.0425 PED per month per share.
These are facts. What comes next are my deductions.
The one thing that the unreal token has going is that its based on MA´s revenue. Since its MA´s revenue it goes beyond 1 single planet. Not only does all avatars born on calypso contribute 25% to calypso wherever they are. MA collects revenue from planet partners in a variety of ways. Since this is the case, one could argue that even if avatars decides to spread out more in the universe, the Unreal share will still be stable. Other planet specific shares might not be as stable.
The payout is still more then 2 years into the future. So MA has stated they "assess" that unreal 5 will launch during Q1/Q2. But for anyone who has been in this game long enough, and other games for that matter, knows that many things can go wrong during a major launch. Look at what happend last time. Do you guys honestly think that this will go of without an hich? That so many things wont be broken? I will go out on a limb and say that not only will there be a lot of patchwork before we really can enjoy EU again, but it will test players patience and affect how much we existing players play and how many new players stay after testing it. Then also consider that many things can go wrong during these coming 2 years. What says that MA will meet thier goal of launching in the first place? Does thier trackrecord tell us that they are always ons chedule, behind schedule or ahead of schedule.
I believe that we wont see the realization of dividend for much longer then 2 years. What says that thier first priority is to launch the unreal token instead of fixing many other broken things first? I have no idea but I still consider it.
When Unreal 5 hits players will flock to Entropia and it will 10x the amount of revenue for MA. So lets talk about the number they released. 0.0425 PED per month per share.
This number is not representative of the typical revenue of MA but one of the best numbers they had. 2021 was an unusal year for MA and they made bank. Many things came together for the company wich gave an unusal bottom line. Nobody can be happier then me about that. I love this game and im
SO happy for us, the players, and MA that this is the case. Hopefully they can snowball this into realizing the potential we all see in this game. But to not take into account that the "0.0425 PED per month per share" number is based on one of the best years they had in a long time, and all the factors that played into that, I would not consider wise.
Will Unreal 5 bring more players and increase the return of Unreal shares? Yes I believe that it will. I also believe that the unreal token will be a nice way to collect divdend based on the fact its based on MA revenue.
Do I believe that its worth to buy these shares for 15 ped per share? If we look at the released numbers its about 1 pec per week. Similar numbers to a few other shares that currently sells at 10 ped or below. The difference is that these shares will pay dividend during the coming 2 years and beyond. Based only on that I do not believe that its worth to buy these at 15 ped per token/share.
Can the Unreal share be undervalued at 15 ped per token/share? It can be. I see how an increase in players benefits the unreal share more then other investments in EU. But its a long way there and many ifs and buts. Then again im too conservative at times and sometimes lack vision.
Whatever You decide to do I wish Lootius is with you and good luck out there!
thanks for taking the time to look thru my items, that means my strategy of quoting at a higher price caught your attention, thats my whole intention 
