FAQ

General Questions

What is Blockchain?

This is a technology which main focus is the continuous operation of the chain of blocks. All transactions between the parties are recorded from the very beginning and stored in an updated registry, which can be viewed by each system’s member. Also here can be stored literally any personal information of the person, from road fines, to certificates of marriage. The general idea is not just Bitcoin or money at all, but the creation of a field of data independence and security. The information here is stored in a constantly updated register, where blocks are linked to each other as train wagons connection.

What is Ethereum?

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction based state transitions. Along with Bitcoin, Ethereum is considered to be one of the pioneer platforms in distributed ledger and blockchain technology.

What is GAS?

“Gas” is a some kind of “fuel” that allows financial transactions between the Ethereum crypto-currency wallets. When you enter the purse number and transfer amount in your office at MyEtherWallet, the minimum and recommended amount of "Gas" will be set in the lower field of "GasLimit", which miners received by the transfer. If you set the figure lower, it is more likely that the transaction will not be processed at all. "Gwei" can speed up the process. This is a name of one Gas unit cost. The higher it is, the faster the translation will be made. You can find the average cost of 1 gas on ethstats.net. In sum, you will find out how much commission you will pay for your transfer in dollars.

What is Initial Coin Offering (ICO)?

ICO (Initial Coin Offering) is a crypto-currency analogue of an IPO (initial public offering): a new model of crowdfinding. New projects attract investments in crypto-currency for the successful launch or further development during the ICO. Tokens are shares in this case Investors can’t influence on company’s decisions, but they can buy finished product for tokens further, to pay company services or trade on crypto-exchanges.

When did ICO first appear and why it became highly popular?

The first ICO project was called “Mastercoin” (then renamed to “Omni”) launched on July 31, 2013. One year later Ethereum crowdsales was started. Bitcointalk forum was some kind of crowdfinding platform, and the project found 500 investors who invested 5,000 BTC ($ 500,000) in total. The main target of Mastercoin is to help while creating encrypted currencies and trade it without tangible difficulties. ICO became popular because of three main reasons: quick collection of necessary funds in cryptocurrency, absence of bureaucratic delays during the process, profitable investment prospects for everyone with a minimum entry threshold in ICO.

How to become an investor and get on the ICO (Pre-ICO)?

To become an investor in ICO you need: - A wallet with a positive balance of BTC, ETH, LTC, NEM (XEM); - Minimal knowledge of terms and Blockchain technology; - Attentiveness when studying the ICO you’re going to invest; - Understanding of risks and patience. Check special resources constantly to find ICO. This is a Blockchain-themed trackers and forums with links to official pages of such projects.

What is Pre-ICO?

It’s a useful tool to prepare the basic ICO that provides the chance to fix any technical errors on practice. A small number of tokens for minimal cost can be bought during Pre-ICO, and the first investors will be rewarded on the difference between the current and future prices to the maximum.

How to choose ICO for investment?

ICO is turning into a source of future income, if you give due attention to WhitePaper and RoadMap. It is necessary to monitor the project's potential independently and not to yield to the “experts” recommendations. The correct actions are: to read WhitePaper, monitor the situation at Bitcointalk forum as highly trusted, learn the list of advisors. But the well-known advisors are not an indicator of success; you need to communicate with people about the details of the project. Also study the situation at popular trackers, see the social channels of ICO and publications. The best result is given by combining all of the above methods according to the situation.

What standards of tokens exist?

Standardization is a kind of license that each script issued over the block on a certain platform receives. This status determines the value and possibility of the unit's participation in trades. New standards constantly appear and eliminate the problems of older versions. For example, ERC-20 is a standard for the whole Ethereum network.

How to add a purchased token to your Ethereum wallet?

After buying tokens for ICO and authorization at MyEtherWallet, find “Tokens” tab in “transaction history”. Then you’ll go to Ethplorer.io, where you can see tokens and the balance of each one. Then: - In the MyEtherWallet cabinet, click on the button "Add your own token". - In the address field, add a smart contract. - In the field with the token symbol, copy its short name. - In the field with the crushing, copy the needed number of Decimals. - Click "Save" and check the balance.

What if all the tokens were bought?

ICO is not the only way to buy tokens; you can do it sometime later at exchanges.

What is the economy of tokens and why is it important to understand it?

The economy of the token is a system and principles for creating, issuing and distributing tokens within the company and among investors. Or we’re talking about new cryptography-based economy. Correct knowledge helps to find fake ICOs and also predict inflation, notice speculative actions, control token emission and save money as a whole.

What is Crowdsdale?

This is a kind of crowdfunding with the other nature of assets. Investors, according to the old scheme, fold their money through crypto-currencies to develop an ICO start-up. But instead of shares and actual pre-order for the product, depositors receive tokens in exchange for their own crypto-investment.

What is a Smart Contract and how it can look like?

Smart Contract is an independent, safe, reliable and accurate algorithm that is built into the Blockchain and executed by its nodes. Smart contract automates the transaction process between the seller and the buyer, without resorting to the services of intermediaries. It works on domino principle, when the first action is followed by the second and so by the chain according to the written code. Smart contracts can be written on any Blockchain, but Ethereum provides unlimited abilities for writing the algorithm and further work with it. Smart contracts can be used practically in any business area.

What is Crowdsale contract?

It is needed to distribute tokens among investors, team members and members of the bounty program. This is a really simple thing. You enter the number on investments you want when buying tokens during the ICO. In the same form, you see the count and the equivalent in the tokens immediately, which you get by spending the selected amount. Then, you copy the system-generated address and paste it into the corresponding field in your Ethereum purse. An important detail, always check the amount of GAS limit otherwise the transaction can be stuck indefinitely. After sending the payment, you receive your tokens directly to the Ethereum address.

What is Roadmap?

RoadMap (Road Map) is a step-by-step scenario for implementing a project on an ICO with fixed deadlines. This allows investors to see a detailed schedule of all stages, key periods of development and financial criteria.

What is SCAM?

SCAM is a fraud. This is a regular thing for ICOs and comes into contact with 95% of exceeded campaigns. Scam is classified by: - Time - short-term and long-term; - Complexities - simple, medium and complex; - The subjective side - deception is planned initially or it comes during the project’s implementation. Irrevocable loss of money is a result of SCAM for investor.

What is Bounty?

Bounty is a marketing tool for promoting ICO. Organizers create an information platform for a massive advertising event. In exchange for actions and results, rewards are to be paid with tokens. Most often Bounty campaigns are published in large crypto-communities like bitcointalk, golos and other ones where is concentrated a large number of digital money fans.
FAQ
ICO questions

What is the total supply of Worldopoly Tokens?

Total amount: 200,000,000 WPT

When is WPT listed on exchange platforms such as coinmarketcap?

WPT is added automatically to coinmarketcap when the sales volume is high, this cannot be done manually.

Will there be any real estate taxes in the game? If not, it will turn out that you can buy up all the streets in the game and be a monopolist. Will it be convenient for other players?

There are no Real estate taxes as we have a different approach to preventing monopolies. Every building has to be maintained (maintenance costs) by the proprietors, if you don’t do that for a long time your building and then your street will go into foreclosure and be put up for auction. So inactive players can not block properties.

Where will the trade in-game items take place? On the internal exchanger or directly between the players?

Both ways: one can put his house/street/object up for sale on the auction-exchange in hopes for a greater return. Or he/she can make a direct deal with a specific player e.g. within his/her clan. A player can also make another player an offer for their street/building.

Hard cap for ICO is set at $18 million. At what level is the soft cap set?

There is no soft cap as the project is already being developed and the team have decided not to set a minimum amount.

The initial investment was made by the team itself or by some angel investors?

The investment was made by the team and their Partners.

Does the project have an MVP or demo version? If not, when is the release expected?

The MVP is completed.
Demo: https://www.youtube.com/watch?v=Mzw03ljLOUE
Beta-version is planned to be completed in the summer of 2018 and released in October/November 2018.

What is the minimum number of users you need to make the game scale?

The minimum number of players is near 100.000 users.

What kind of bonus do investors get when they buy tokens for such a significant (at least for me) amount?

Up to 25%. An adequate bonus that allows subsequent investors not to worry about their investments.

Apart from the economic component, what will the gameplay be like?

Besides the economic component, you‘ll be able to:
- Damage other players properties with different items such as Molotov Cocktails or hired gangsters etc.
- join clans to finance large real estate, for example, the Eiffel Tower
- Place billboards on your building and earn money
- upgrade your buildings, streets etc.
- collect unique items using the AR-Extension
- take part in player content creation challenges
- And many more!

It turns out that the WPT will be traded on exchanges? Will In-Game Currency shop only sell coins or will the WPT be sold there as well? If it is the second option, then which exchange rate is the WPT set?

The exchange with the largest volumes will most likely be selected. Or the platform will calculate the average value of prices on those exchanges where the token will be traded. There are several options to solve this issue.

Will the In-Game Currency shop sell only coins or will the WPT be sold there, too?

Yes, as shown in the roadmap, the creation of an internal cryptocurrency exchange (centralized input-output and exchange) is planned for August 2018.

If it is the second option, then which exchange rate is WPT set?

As well as on different stock exchanges, the Bitcoin and ETH exchange rate, the difference is independence from its real market value (for example coinmarketcap), also in our case - the rate of the in-game token may differ from the external rate, because the economic model of the game is built on a token and as a result, it reacts faster to a change in the pricing of the token. But the difference in exchange rates will be insignificant.

What do mean by ''risk-free introduction to cryptocurrencies''? Can you please give me more details?

This means that you can play the game for free and even earn some money. At the same time, you will not risk your own money. You can experience with money that you have earn while playing Worldopoly.

Interesting AR concept. If I understand correctly, players can "buy" real streets with real buildings, existing IRL? It isn't 100% clear in the video description.

Users can buy real streets that can be levelled up. The buildings they build on that street is up to them, of course, that also depends on the value of the street.

Can you help me understand how the relationship between gains and profits inside the game work?
For example: When players buy a street, that street give them profits? How? And the same for buildings? Or can they only earn WPT when the street or the buildings are sold?

1. You download & start the game, register etc.
2. You get a start capital of coins (not WPT) and building resources.
3. You choose a vacant street to buy (because without WPTs you can’t buy a street from another player)
4. You buy that street for coins and see how many building slots you have (depends on the street) the ownership of the street is saved on-chain so that everyone knows that’s it’s your street
5. In the building slots, players can choose to build the houses, the types/their upgradability of houses depends on the value of the street, houses cost coins and their building can be sped up using the building resources
6. After the house is built, it starts to generate coins that they have to collect at various intervals depending on the type of property.
7. Players can upgrade their streets, upgrade their properties etc.
8. If someone wants to buy another users street/property, they can make an offer in WPT directly or players can put their street/properties up for auction, set a minimum bet and the duration of the auction, letting the highest bidder capture it.

Of course, there are more mechanics to explain the gameplay, as such the clan system, the advertising one can place on buildings, attack possibilities, protection item etc.
But that is the general game mechanic, as you can see players can actually make money without investing, just by playing.

But of course, players that already holds WPTs have big advantages. What is also interesting: with this mechanic we achieve a “natural” distribution of WPTs to a lot of players over time, creating a token that rises in value and is not dependent on the exchange rates of other cryptocurrencies and becomes less prone to harsh value drops through dumping of huge quantities by large-scale investors.

Will the game currency trade on exchanges?

Yes, it will. It will be announced soon.

Where can I download this game? Will it be available within all countries and all mobile platforms?

The game will be available for all countries at the same time. Localization of the application (translations, linguistic content) will be added gradually.

What happens if the hard cap is reached, will you guys close the ICO? If the hard cap is reached will there be an early release to market?

Exactly. It will allow us to forced all the processes and it will be an early release to gaming market.

How will you promote and attract users to the game?

We have already started a massive promotion through different media channels with various marketing campaigns. Our ICO and communities in a social web are the first steps. We're going to create community worldwide step by step.
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