Auction Guideline of GXCLAND

GXCLAND Introduction

1.GXCLAND is a virtual world based on the ecology of GXChain. The token in GXCLAND is GXC and Equity token is GRO(GXCLAND Rare Ore). GXCLAND consists of 9 territories, each with 900 plots.

2.The initial mining pool of GXCLAND is 240,000 GXC. The mining pool in each territory is 10% of the total mining pool. The tax revenue from users in the territory will continue to return to the mining pool in a certain proportion. When the development value of a territory reaches a certain value or the plots are sold out, the next territory will be opened. When GXCLAND 9th territory  is open and the development value reaches a certain value, GXCLAND Alliance Event will be launched. At that time, the mining pools in each territory will be shared and the last 10% of the total mining pool will be incorporated.

Land rules

1.GXCLAND 1st territory is located at the lower left of GXCLAND and consists of a total of 900 plots of land. Only the central 10×10 total 100 land will be opened at the beginning. Users can only purchase and build on these land. After the development value of 1st territory and the number of permanent residents reach a certain value, more land will be opened. From the southwest corner, 200 blocks of land are opened each time in a counterclockwise order.

2.The four most central areas of the area are public land and are not sold to users. In public land, there are specific public buildings that will provide users with some important daily functions.

3.Land that has not been sold in land auction can be purchased directly from the system after opening the island. The price depends on the average price of the land auction in the territory. Based on this price, each time a land is sold from system, the price will increase proportionally. Every time a piece of land is written off, the price will drop proportionally.

4.Each land is bundled with a land fund. Land auction price or 30% of the system price will enter the land fund. Each time the land is traded between users, 5% of the transaction price will also enter the land fund.

5.Users can write off their land if there are no more buildings on the land. After the land is written off, the user can pay a 5% handling fee to withdraw the land fund of the land. At the same time, the ownership of the land returns to the system, and all users can purchase the land from the system.

Auction Guideline

1.96 plots that are the most central 10×10 land except for public land will be auctioned.

2.Only NeoWorld registered users can participate in the land auction of GXCLAND 1st territory. GXCLAND new user registration link: https://www.neoworld.io/account/signup?invite_channel=GXC

3.GXC is the token used in the land auction.

4.Users need to deposit GXC to deposit address which can be found from the official website’ “ACCOUNT”, and then transfer the GXC to the auction system through “Assets Management” function in the auction website.

5.After the auction is over, the balances in auction system will be transferred back to the user accounts.

Auction time

  • Time Start: 12:00 pm, 6th November, Wednesday (UTC + 8)
  • Duration: 24 x 7 hours
  • Time End: 12:00 pm, 13th November, Wednesday (UTC + 8)

Auction Rule

1.The starting price of each land is 15 GXC.

2.Each bid increase cannot be lower than 1 GXC and 1% of the current bid.

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

4.Starting from the fourth bid, 10% of each price increase(minimum 0.1 GXC, precision 1 decimal) enter the land fund.

5.Players can withdraw the bid only when he’s not the highest bidder. No fees would be charged if withdraw. The part that has entered the land fund cannot be withdrawn.

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

7.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 minutes.

b) If the calculated auction end time is greater than the auction stop time (12:00pm, 13th November, UTC + 8), then the auction ends according to the latter.

MISC

1.Users with land can obtain permanent resident status in the territory. Permanent residents have lots of benefits in the territory, including free re-entry right and free transportation.

2.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.

3.The owner of the land with the highest transaction price in this auction will receive a Land King Monument and a 50% stake of material exchange in this territory.

NeoWorld sub-brand CryptoIsland with whitepaper officially released

Since the launch of NeoWorld island system, it has been recognized and supported by lots of blockchain companies. Islands such as NEOLAND, EOSLAND, ONTLAND, IOSTLAND, DRAGONLAND, and HPBLAND have also been launched. These islands not only provide a platform for interaction and display for the public blockchain and the exchange, but also create an effective application scenario for them. At present, most of these islands are one of the best dapp in their ecological applications. At the same time, we know that there are many details of the island system that need to be improved. The team continues to receive feedback and advice from users and continually optimizes the island system.

In the past week, the blockchain industry has undergone positive changes. We believe that quality blockchain projects will develop better and more users will enter. Neoworld island system will be an influential application in blockchain industry.

Today, CryptoIsland is officially launched. It is an improved platform product on existing island systems.

CryptoIsland is a sub-brand of the NeoWorld virtual world and a product of the combination of NeoWorld token economy and blockchain industry. CryptoIsland is a coalition of islands. Each island is the entry for cryptocurrency users to enter NeoWorld.

CryptoIsland is determined to open up the PC, Mobile, and VR terminals. Users create content through the PC, daily operations through the Mobile, and immersive experience through VR. The upcoming H5 version will significantly reduce user entry barriers and enhance propagation effects.

CryptoIsland will bring an innovative product to the industry. It provides four application scenarios such as Mining, Payment, Staking, and Exchange for a specific blockchain token. The integration of all tokens will create a visual digital economy platform.

Under the CryptoIsland system, more islands with popular token will be opened, including but not limited to TRXLAND, LTCLAND, ETHLAND, OKBLAND, HTLAND and more. The island of faith – BTCLAND is also planned.

Based on the original rules of the island system, CryptoIsland has made a lot of optimizations and improvements. Users can refer to the CryptoIsland whitepaper for more detailed information. The new rules system is called Island 3.0. All new islands in future will be open based on the Island 3.0 rules.

CryptoIsland whitepaper link:
http://neoworldres.com/download/CryptoIsland%20Whitepapar1.0.pdf

Currently, the islands in operation will temporarily use the old rules. The rules will be upgraded to rule 3.0 in late November. Changes in island rules involve reform and compensation programs which will be announced two weeks in advance. EOSLAND, ONTLAND, IOSTLAND are based on islands running under the 1.0 rule, so the RO rules are facing major adjustments. For the 1st territory of these islands, the existing RO is mapped to the scheme of the new RO in a certain proportion. The new territory will be opened based on 3.0 rules. We do not recommend users to try extreme opportunistic practice.

The official website of CryptoIsland will be launched in near future and a series of publicity work will be carried out.

NeoWorld team
2019.11.2

NeoWorld November Update Preview

Preview of the NeoWorld update in November 2019:

Island

  1. The island system will be upgraded to the CryptoIslands platform. The whitepaper and platform website will be announced in the near future.
  2. Island gameplay will be adjusted to version 3.0. The old islands will be  converted.
  3. The new functional building will be updated in island, Such as robot battlefields, pawn centers and alliance buildings.

Mainland

  1. The interface of construction will be optimized.
  2. The characteristics of production will be optimized.
  3. The equipment system will be updated in the game.The pieces of equipment were updated  on 1 November.
  4. The item synthesis system will be updated.
  5. Performance ranking will be added.
  6. New operational event – performance battleground will be added.
  7. The greening system will be updated.
  8. The wish system of wonder will be optimized.
  9. NASH Staking will be added.

The specific update time is determined by the development schedule. Please refer to the update announcement.

Thank you for your understanding and support of NeoWorld.

NeoWorld Team
November 1, 2019

Transaction Fees Revenue and NEST Buy-Back Disclosure for September 2019

Transaction fees revenue of NeoWorld for September 2019 was as follows:

Items Amount (NASH)
Payments (Rewards, withdrawals, etc.)   38,098,488
Land and building transactions    6,973,976
Item transactions (materials, shops, etc.)   15,648,812
Constructions (work subsidies, building and power)   46,323,984
Subsidies (buildings, R&D, wonders,tents, etc.)   45,368,342
Expenses    981,090
Total  153,394,692

The NEST buy-back for October 2019 was as follow:

From 1st October to 31st October, the team has bought back a total of 900 NEST by pledging 95,934,040 NASH. Of which, 76,697,346 NASH were from the transaction fee revenue of September 2019 and 19,236,694 NASH were from the reserves (out of a total of 750,000,000 NASH, with a remaining balance of 393,585,388 NASH).

Release Note (1st November, 2019)

The continuous service update will be conducted at 16:00 on 1st November 2019:
 
1. work equipment debris and work badge debris will be updated. work equipment debris and work badge debris are classified as five levels: Low, Intermediate, Advanced, Master and Legend.
 
Work equipment debris and work badge debris is not available in this version but can be traded. They could be synthesized into work equipment and work badge in the future.
 
2. The happiness value consumed by the work will be adjusted. 
 
3. The output of ordinary rewards and performance rewards will be optimized.
 
NeoWorld Team
October 31, 2019

Supplementary explanation of GXCLAND Land Auction Data Reset

1、Awards for land auction event will not be taken back.

2、Alchemy factory awards will be decided based on the version. If the reward is cancelled, the player could receive compensation.

3、The new rules will be announced as soon as possible. The starting price of the same type of land will not be higher than the previous auction.

4、We apologize for this data reset. For more details, please pay attention to the next announcement.

NeoWorld Team

2019.10.29

GXCLAND Land Auction Data Reset

GXCLAND, jointly launched by GXChain and NeoWorld, completed the initial land auction on September 4. Due to the impact of other businesses on GXChain, token GXC fluctuated drastically and affected the interests of some players. Therefore, the opening time of GXCLAND is delayed. After communication, GXCLAND will not be affected by this incident and will be opened normally.

In view of the possible impact of the majority of players in this incident, the GXCLAND Land Auction data will be reset. Meanwhile, players who won the land from the auction will receive the returned GXC. After that, the GXCLAND land auction will be restarted. Players can re-bid or not participate.
 
Players will receive the returned GXC within 3 days. The GXCLAND Land Auction will reopen on November 6th at 12:00 (UTC+8). Island rules will be adjusted. Please refer to the related announcement of the auction.
 
Thank you for your understanding and support of GXCLAND.
 
NeoWorld Team
2019.10.29

NeoWorld Biweekly Progress Report(2019.10.14-2019.10.27)

1、Product Developments and Research Progress

1)The NeoWorld mainland RO made its first production cut after the 2.0 update on October 19th.

2)NeoWorld was updated on October 25th and adjusted the calculation method of NRO settlement price.

3)Based on the current scale requirements of the island system, we have recently compiled a new Whitepaper and will be released under the sub-brand CryptoIslands (powered by NeoWorld).

4)Recent research and development focus:

  • Functional development of the island HTML5 version.
  • Design the new official website of CryptoIslands.
  • GXCLAND related development .

2. Business Development and Marketing Activities

1) On October 19th, NRO was listed on Candy Bull exchange. Meanwhile, Candy Bull exchange hold “50% off on new products” event.

2) On October 25th, NeoWorld opened a new community event in the WeChat public platform account : ask community, the event received positive feedback from the community members.

3. Community Developments

1)Till 2019.10.28, NeoWorld’s social media channels’data are as follows (excluding non-official channel data):

Chinese Community:

  • Weibo: 124(↓1)
  • Bihu: 1557(↓1)
  • WeChat public platform account: 15228(↓44)
  • Knowledge planet: 1125(↑23)

English Community:

  • Twitter:546(↓1)
  • Telegram:1729(↑4)
  • Medium:97 (↑0)
  • Facebook:1121(↓3)
  • Discord:155(↑1)

2)Last two weeks, NeoWorld made several important announcements:

4. Ask NeoWorld

We invite all community members to ask questions about our recent developments announced above and any question related to NeoWorld in general. We will select not more than 10 questions to answer and choose the best question from the list.

Period for Asking Questions : From now to 18:00 of 30th October.

10,000 NASH will be rewarded for selected questions and additional 50,000 NASH for the best question of the week. The rewards will be distributed from the UGC mining pool and will be announced to the community in the future.

Question Format:

Game ID: xxxxxx

My Question: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx