Auction Guideline of HPBLAND

Overview

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

2、The first territory consists of 900 parcels, locating at the bottom left of the HPBLAND, 90 of which will be available in the coming auction.

3、The Mining Pool: The initial mining pool is 60,000HPB, funded by the HPB Foundation, and it will be released gradually with the development of the island. Part of the income of selling parcels and buildings will be included in 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.

4、The Materials: Materials can be imported from NeoWorld’s mainland, with applicable tariffs. Players can also build the material factory in the island to produce materials.

5、HRO: HRO represents the rights on HPBLAND, and is an essential material for participating in island construction. It’s stipulated thatthe maximum amount of HRO is 10 million, and each district has a production capacity of 1 million. The presale event of HRO will be carried out in NeoWorld before the opening of the first territory inHPBLAND. For more rules, please refer to the detailed announcement before the presale event. (Note: The presale is only for players with no less than 10 in-game NESTs.)

6、Transportation: With the HPBLAND PASS, playersare allowed to pass all territories on HPBLAND for free within a certain period of time. For the players who do not have an HPBLAND PASS, they will have to pay for a corresponding transportation fee.

Preparation

1、Only registered users can participate in the auction of the first territory of HPBLAND. You can register a new account from the following address: https://neoworld.io/account/signup?invite_channel=HPB

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

3、Players need to deposit HPBin the corresponding address before the auction.During the auction, players can transfer HPBto the auction system. Transferring in and out of the account is supported, though there will be a certain period of cool-down time. No transaction fee will be charged.

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

Auction Time

Time Start: 12:00 pm, 9th August, Friday (GMT+8)
Duration: 24 hours x 7 days
Time End: 12:00 pm, 16th August, Friday (GMT+8)

Additional Rules upon Parcel

1、The parcels are graded as 5 ranks: S, A, B, C, D – based on “potential”. The higher the potential of the parcel, the higher the initial price, and more “features” available to develop the parcel.

2、All parcels can get “feature”.Those features include enhancing the production of certain material, additional add-on for certain industry, etc. It is also possible to have multiple features on the same parcel, and the maximum number of features depends on the potential grade. Certain types of parcels have default features, and more features can be gradually unlocked by improving the development level of the parcels.

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

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

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

3、Apart from the default features, other features of the parcel can be developed or reset when the parcel’s development level meets the requirements. A parcel’s development level can be increased by “investing” in the parcel.

Auction of the Parcel

The first territory consists of 900 parcels, 90 of which will be available in the auction. Quantities of various parcels and the actual quantities in auction are presented below:

The parcels which are not bid by anyone will be provided as the unclaimed parcels, all players can buy any parcel from system directly after the island is available to the public.

The price will depend on the auction/sale price of the same parcel type in previous transactions.As the available number of parcel decreases, the price of that type of parcel will also increase.

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 each parcel is decided by the potential grade.

2、Bids must be higher than 1 HPB. The next bid must be 1% higher than the current highest record.

3、After bidding for one parcel, the corresponding amount ofHPB will be frozen, and players cannot use the frozen bid amount to bid on other parcels.

4、Players can withdraw the bid for another parcel only when the bid is not the highest in the current auction. No fees will be charged for withdrawals.

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 duration of an auction will reset with each bid. Rules are as follows:

a) for each bidding, the end time is the current time plus X.
In earlier stage of the auction, X = 24 hours.

e.g. after someone bids for a certain parcel, 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 parcel auctionends after the stipulated time (12pm, 16th August, GMT+8), then the end time should be subject to the stipulated time.

MISC

1、One HPBLAND PASS (Permanent) will be given to the owner for each parcel auctioned. The owner may activate it to gain permanent FREE re-entry rights to HPBLAND. An unactivated PASS may be sold in the market.

2、Special building Monument will be built on the Saint parcel. For the functions of Monument, please refer to the Introduction.

HPB Deposit is Available

HPBLAND land auction will open on August 9, 2019 at 12:00(UTC+8).

HPB deposit is available now. Players can access User Security page to deposit HPB.

In order to ensure the stability of the function, HPB withdraw will be available after the HPBLAND is opened. The specific date will be announced in the subsequent announcement.

HPB/NASH exchange is available now. Please check in the RO Exchange in game.

More details for HPB:https://www.hpb.io/

Attention Please:

1.KYC is required before deposit HPB.

2.Deposit HPB do not need Transaction Fee .

NeoWorld Team
August 7, 2019

Explanation on NeoWorld 2.0 and Transitional Measures

Dear NeoWorld Players,

By end of August, we will be having a major update. This update and its subsequent follow-ups will be focusing on the optimization of business buildings, production buildings, land development and continental self-regulations, etc., so as to be ready for the public launch.  The update has been delineated for a long time but the implementation of it was delayed. We understand that this update might have an impact on the game habits and experiences of most players, especially core players holding lands and properties in the continents. Therefore, in addition to making adjustments to the game rules, we have also devoted significant time and resources to design and develop plans to ensure the smooth transfer of assets between the current and new versions. Lastly, we will make a transition period for players to be well informed and make sound decisions about their properties.

The transitional period will have three phases:

1) Disclosure Phase

Time: Early August

During this phase, NeoWorld will make official announcements of the new version, together with the explanations.

2) Demolition Phase

Time: Mid August, to be announced

During this phase, certain buildings (those effected by the new version, to be further announced) will have a week’s time to be demolished and have NASH refunds equivalent to buildings built for 90 days. Players should make a decision on whether to demolish the buildings during this phase, and no further demolition is allowed after this phase.

3) Pre-Update Phase

Time: Late August

During this phase, the construction of certain buildings, upgrades and level-up of buildings will be put to a halt, until the update of the NeoWorld 2.0 version. After the update, the above functions will resume for building types under the new version.

After the update, there will also be remedies for buildings not demolished.

————————————————————————————-

Of all the rules,  the demolition of buildings are the most critical of all. Therefore, we make a pre-announcement here:

1)Existing rules on buildings will be ceased. In the new version, buildings could be reclaimed or demolished, but no NASH refunds will be given.

2)Existing business buildings will be no long in effect. In the new version, there will be new types of business buildings and mechanism converting existing buildings into new buildings. Other buildings types remain unchanged.

3)All buildings will be repriced, with construction cost and operating cost. Construction cost is a one-time cost and operating cost is recurring. For instance, electricity costs will be introduced for building generating business value or material output. Electricity price will be determined by the continents independently, and the electricity fees will be a part of continental income, after deducting tax. The price difference between existing and new buildings will be compensated accordingly. Certain building types will no longer have upgrade and depreciation mechanism.

4)Secondary market of building will be launched in September.

The details on the time of each phase, details of demolition and remedy plan will be announced recently. We apologize for the inconvenience caused. We appreciate all comments and please contact us via our social media channels. Thank you all for supporting NeoWorld!

The NeoWorld Team
2019.8.6

Release Note – 3st August 2019

Maintenance Time:

3rd August 14:00 – 16:00 UTC +8

1、NEOLAND 2nd Territory – Parcel Characteristic is Online Now

1)New feature: “Develop” a Parcel

One parcel will be “developed” to gain additional characteristic. The maximum number characteristic a parcel is same as the number of characteristic sockets. The number of sockets depends on the potential of the parcel. S: 5, A: 4, B: 3, C: 2, D: 1.

Currently there are 9 characteristics available. There are 5 levels for each characteristic. The higher the level is, the more powerful the effect is. The details are showed in following table:

When a socket is unlocked, one characteristic will be randomly picked up and filled into the socket. The characteristic could be reset and randomly picked up gain. Depends on the position of the socket, the levels of the possible characteristics will be different. The details are as following:

Note: The characteristic gained by development might be same type as the characteristic that the parcel by default has. In that case the effect will be calculated by adding-up. E.g. by default CBD parcels have 20% add-on for fixed business value of all industries, and if there is one level D commercial center characteristic (5% add-on for commercial fixed business value), the owner will get 25% add-on for commercial business buildings, and 20% for other industries)

The “unlock” and “reset” operations for a parcel will be unlocked based on the development index of the parcel. Each execution of unlock and reset will cost NRO. The details are:

2)There will be a base development index for each type of parcel. The development index will be raised by investing on the parcel. The details are:

3)——New Feature: “Invest” a Parcel

By investing a parcel, the development index of that parcel will be increased. The more fund invested, and the longer investment cycle is, the development index will raise faster. The owner could choose the investment amount (5/50/500 NEO) and investment cycle (10/30/100 days) as the investment strategy. The details are:

When the owner invests on a parcel, 1% of the total investment will be deducted as tax. The investment could be checked in bill interface. The investment could not be cancelled halfway. When the investment is due, the owner could get the fund back immediately from the bill.

The parcel could not be put on sale if it is under investment. The parcel could not be invested if it is already on sale. The parcel on renting could be invested as normal.

2、UGC Function Open Again. Another new UGC clothes release.

3、ACF Coin Building will be in newbie town

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

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

Items Amount (NASH)
Payments (Rewards, withdrawals, etc.)    29,375,625
Land and building transactions     5,722,363
Item transactions (materials, shops, etc.)    13,966,343
Tokens (RO, NEST and island passes)    27,227,103
Subsidies (buildings, R&D, wonders,tents, etc.)    10,263,137
Expenses     1,026,830
Total   87,581,401

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

From 1st July to 31st July, the team has bought back a total of 600 NEST by pledging 60,751,461 NASH. Of which, 43,790,700NASHwere from the transaction fee revenue of June 2019 and 16,960,761NASH were from the reserves (out of a total of 750,000,000 NASH, with a remaining balance of 490,099,370NASH).

Delay of Public Launch

Dear Players,

We are delaying the scheduled public launch to a later date, due to a planned adjustments to some of the gameplay.

After a year into operations, we have received a lot of feedback from users and collected relevant operational data for analysis. We have discovered many areas for improvements and after rounds of discussions, we are planning to make a major update in August.

This update will have a long term impact on the future developments and global expansion of NeoWorld. We will make the public launch of NeoWorld after this version stabilizes and intermediary measures will be taken to ensure the interests of existing players.

The guidelines of this update will be announced on this Saturday (3 August) and the implementation is tentatively scheduled to be the last week of August. The public launch is expected to be middle or late September, and the exact time will be decided after the August update.

We are truly sorry for the delay and we seek your understanding and support for helping us making NeoWorld a more competitive and sustainable blockchain virtual world.

Sincerely,

The NeoWorld Team