Land Auction Rules_GXCLAND

Overview

1、GXCLAND is a virtual world funded by GXChain for GXChain community. GXCLAND consists of 9 territories, and 8100 (90 x 90) parcels in total.

2、The first territory consists of 900 parcels. It is at the Lower left of the GXCLAND. 90 parcels will be available in the coming auction.

3The Mining Pool: The initial mining pool is 24000GXC, funded by GXChain, and it will be released gradually with the development of the island. Part of the income of selling parcels and buildings will go to the mining pool. The mining pool of the second territory will be independent from the first territory, until the opening of the third territory. Every time a new territory opens, the mining pool of the previous territory will be combined with the overall mining pool.

4The Materials: The materials could be imported from NeoWorld mainland or other islands, with certain cost. The materials could also be produced by local factories.

5GRO: GRO represents the rights on GXCLAND, and it is a driving force of the development. GRO could be used on both territories. There will be a GRO presale before GXCLAND opens. Please refer to the detailed announcement before about the presale. Please note the presale opens to the players who holding at least 10 NEST only.

6Transportation: The GXCLANDPASS will apply to all territories onGXCLAND. For the players who are not holding a pass, one additional fee will occur for teleportation between territories. However, going across the border by walking is free.

Preparation

1、Only registered user could participate in the auction. You can register a new account from the following invitation address:

https://www.neoworld.io/account/signup?invite_channel=GXC

2、GXC is the only supported currency in the auction.

3、Players need to deposit GXC before participating the auction. During auction, players can transfer GXC in and out of the account, though there will be a certain period of cooling down time. No transaction fee will be charged.

4、At the end of auction, the balance will be transferred back to the game account.

Auction Time

Time Start: 12:00 pm, 28th August, Wednesday (GMT+8)

Duration: 24 x 7 hours

Time End: 12:00 pm, 4th September, Wednesday (GMT+8)

Additional Rules

1、The parcels are graded as 5 grades – S, A, B, C, D – based on “potential”. The higher the potential of the parcel is, the higher the initial price is, and the more the “feature” to develop for the parcel.

2、All parcels could get “feature”.  Those features include enhancing the production of certain material, additional add-on for certain industry, etc. There could be multiple features on the same parcel, and the maximum number of features depends on the potential grade. The number of features will be unlocked by rising of prosperity value of the parcel.

The mapping between maximum number of features and potential grade is as following:

Potential Grade Max. Number of Features
S 5
A 4
B 3
C 2
D 1

Certain types of parcel have default features, the details are as following:

Type Potential Grade Default Feature Misc Base Development Value
Saint S Business Value of all Industries +30%

RO Production +20%

1. Owner could build special buildings with special functions
2. Owner will get special building “Teleportation Platform”
3. Owner will get special building “Monument”
8000
CBD A Business Value of all Industries +20% Owner could build special buildings with special functions 5000
RO Enhanced A RO Production +10% 3000
Timber Enhanced B High-Tech Production time-10% Owner will get 2 free hi-tech factories(Delivery to warehouse) 2000
Dock B Business Value of all Industries +10% Owner can build wharf and airport 3000
Steel Enhanced C Steel Production

time -25%

1000
Timber Enhanced C Timber Production time -25% 1000
Stone Enhanced C Steel Production

time -25%

1000
Villa Parcel C With One Villa by default 1000
Ordinary Parcel D 0

Note:No complimentary building will be given for buying RO Enhanced and High-Tech Enhanced after islands are opened.

3、The features could be developed or reset when the prosperity value meets the requirement. The prosperity value will be raise when construction, operation and renovation happens, in addition, “invest” will gain additional prosperity value in a daily base.

The Parcels

There are 900 parcels in the first territory. The details of the parcel types are as following:

Type Potential Grade Total Number Number in Auction Initial Price in GXC
Saint S 1 1 1350
CBD A 15 1 200
RO Enhanced A 9 3 200
Timber Enhanced B 33 3 200
Dock B 59 6 200
Steel Enhanced C 66 6 70
Timber Enhanced C 66 6 70
Stone Enhanced C 66 6 70
Villa Parcel C 198 18 70
Ordinary Parcel D 387 40 15

After opening of the island, all players could buy any parcel from system directly, if it is not sold yet. The price will depend on the auction/sale price of the same parcel type in history. The price formula is: Price = average auction/sale price of the same parcel type * factor. The value of the factor will be announced before the island opening.

Auction Rules

1、The initial price of the each land is decided by the potential grade.

2、Bids must be multiples of 1 GXC. The next bid must be 1% higher than the previous price, the minimum price increase cannot be lower than 1 GXC also.

3、After bidding for one land, that amount of GXC will be frozen that players cannot use it to bid other lands.

4、Players can withdraw the bid only when he’s not the highest bidder. No fees would be charged if withdraw.

5、When the auction time runs out, the land automatically belongs to the bidder with highest price and will not be auctioned again.

6、The auction end time will be changed according to the bidding each time. Here are the details:

a) for each bidding, the end time is the current time plus X.

In earlier stage of the auction, X = 24.

e.g., after someone bids for a certain land, if no one bids it with a higher price in the next coming 24 hours, then this auction ends.

In the last 24 hours of the auction, X will be halved for each biding, the lowest time is 10 mins.

b) If the calculated auction end time is greater than the auction stop time (12:00pm, 4th September, GMT+8), then the auction ends according to the latter.

MISC

1、One GXCLAND Pass (Permanent) will be given to the owner for each parcel auctioned. The owner could activate the pass to gain permanent FREE re-entry right of GXCLAND. The passes not activated could be sold in supermarkets.

2、Special building “Monument” will be built on the Saint parcel. The functions of Monument are as following:

All the player could “BLESS” at the Monument, and gain the buff “BOOST”.

With “BOOST” buff activated, the player could “BOOST” any business building. By doing this, both the player and the building could gain more business value from working.

“BLESS” will cost GRO. The price will be set by the owner of Monument. 30% of the GRO cost will go to owner and 70% will be burnt.

Leave a Reply

Your email address will not be published. Required fields are marked *