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Thread: Shadow Tokens

  1. #11
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    Quote Originally Posted by Ross013 View Post
    In regards to available positions, are we emailing to apply for said roles or emailing to get information on the application process?

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    http://www.shadowera.com/showthread....for-Shadow-Era!

  2. #12
    The Creator Kyle's Avatar
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    There were some good detailed questions so I'll try to answer them all.

    Q. Why including the "physical" part of the project (honestly i think is what makes/made this project NOT heathy)
    A. The physical cards have already been paid for and are profitable. People that play it enjoy it, and it's a high quality product. There is still a huge inventory but lacking the manpower to sell it, promote it, organize physical tournaments, etc. The tokens might just be a great way to incentivize physical promoters to help the physical game take off.

    Q. What is the 12% of tokens (representing $60k) for "operations" actually for? if the game has good revenue, do we need this? Who will hold these?
    A. These tokens are held in the main Shadow Era Waves account to pay for community positions such as Board of Directors, community leaders etc

    Q. Who will hold the 23% ($115k) for developers? Is that also Kyle? And Gondorian? Others?
    A. It is legacy costs given to developers including me and Gondorian yes. It's kept in reserve in the hands of developers and not for public sale.

    Q. I think it's saying that any remaining liabilities (e.g. staff pay) will remain with Wulven - i think we need to see exactly what the split is - what are you actually selling? I hope this is in the finances available "in about a week"
    A. The sale of Shadow Era comes with no staff or debt liabilities, besides me keeping it running and doing server maintenance for free.

    Q. Who owns the new trust company (in financial terms, who is the Beneficial Owner)? It's not the players, as a ST is not a share in anything - it's more like a voting right
    A. The trust company does not own the assets it's entrusted with ("Shadow Era"), but it's operated by the board of directors with positions such as Treasurer etc other than myself.

    Q. The token site says the game has a revenue of $2.7m ... but not per year, rather (presumably) since inception - i.e. 6.5 years ago. This is an average of $450k per year ... but what has this been spent on? Again, would need to see this in the finances
    A. Details of previous spending is largely irrelevant. I wish it was spent on my private yacht and villa, but such was not the case. The sale is for the digital and physical assets of Shadow Era, not an operating company with employees.

    Q. What is the salary of each position? Difficult to motivate people to apply/stick at it without this being known! "It's up to the board" is not quite enough, as we should be able to work out at least the total pot of money available for salaries
    A. I don't think any position these days advertises the salaries, it's up to the experience, hours available, etc of each candidate. And not really up to me to decide in any case. I will hire the board members and we'll discuss from there.

    Q. Lots of "constitutional" questions: How will decisions be made? What if there's a deadlock? What involvement will Kyle still have? What happens to any assets should the new trust go broke? How can directors be appointed / fired / disciplined? Who will have access to the accounts?
    A. I'll likely still be involved for awhile due to legacy, support and maintenance requirements, but no longer be a bottleneck for the active development. Other questions are things the board members should work out.

    Q. What happens if $500k of tokens are not sold? Do you just keep the money anyway? Can you create more tokens?
    A. Only 60% of the tokens are being sold. I will be happy to keep my unsold tokens. New tokens can't be created.

    Q. I really want to be able to support the game, but this just feels so opaque. I recognize that more info is to follow soon ("in about a week") - hopefully this will answer the questions, but i just don't think many people will feel comfortable investing anything remotely serious with this level of info.
    A. The tokens are two-fold: a reward system for players and an investment in itself. Many players will be enticed by the long-term rewards and it will be designed that way. If you're a player that's thinking of spending money, it will be worth it in the long run to buy the tokens. Shadow Era is a highly rated and long-lived game, and with new management it can really live up to its potential.

  3. #13
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    Shadow Era is a good game, with good art and good skills. The Shadow Token Concept is pretty interesting and I plan to invest in some Tokens asap. The game has good mechanics and is one of the most popular CCGs (collectable card games) on Android/Google Store.

    With all the perks of being a Shadow Era Token Holder including Cash rewards, deck, voting rights... it's definitely worth it.

    Shadow Tokens and aiding in the future of Shadow Era CCG is worth doing.

  4. #14
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    Thanks Kyle - very helpful!

    A couple of follow-up questions if i may:

    Quote Originally Posted by Kyle View Post
    Q. Who owns the new trust company (in financial terms, who is the Beneficial Owner)? It's not the players, as a ST is not a share in anything - it's more like a voting right
    A. The trust company does not own the assets it's entrusted with ("Shadow Era"), but it's operated by the board of directors with positions such as Treasurer etc other than myself.
    This doesn't answer the question - i understand what the Trust will own, and who it is operated by, but my question was who owns the Trust?

    Quote Originally Posted by Kyle View Post
    Q. The token site says the game has a revenue of $2.7m ... but not per year, rather (presumably) since inception - i.e. 6.5 years ago. This is an average of $450k per year ... but what has this been spent on? Again, would need to see this in the finances
    A. Details of previous spending is largely irrelevant. I wish it was spent on my private yacht and villa, but such was not the case. The sale is for the digital and physical assets of Shadow Era, not an operating company with employees.
    Details of the previous/current finances are hardly irrelevant! If running the game historically has incurred high costs (whatever these might be!) we, and hte future directors, would want to know. I've no idea what the costs of running a digital TCG are, so hard to understand the viability of the company (and hence judge its investment potential) without these data.

    Quote Originally Posted by Kyle View Post
    Q. What happens if $500k of tokens are not sold? Do you just keep the money anyway? Can you create more tokens?
    A. Only 60% of the tokens are being sold. I will be happy to keep my unsold tokens. New tokens can't be created.
    Ok - so what if some of the $300k of tokens remain unsold? Does this sale go ahead, only to those who have purchased Tokens? And in this case, what's the minimum sale volume you need for the exit sale? Or is it like Kickstarter where you have to cross the threshold before any money changes hands?

    Thanks for your answers so far! Looking forward to the financial info at the weekend

  5. #15
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    Kyle, will the Shadow Era trust be making other digital/pyshical games?

  6. #16
    The Creator Kyle's Avatar
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    Quote Originally Posted by trevorJacobs View Post
    Thanks Kyle - very helpful!

    A couple of follow-up questions if i may:

    This doesn't answer the question - i understand what the Trust will own, and who it is operated by, but my question was who owns the Trust?
    It will be either a 3rd party trust company that provides this service, or a new non-stock company created with directors as per members of the SE Board. Subject to the approval of the Board. I think the intent of your question is really "who controls the assets and money" which would be, in both cases, the SE Board of Directors. As previous sole owner of SE, I'm looking to distance myself from management yet still be available for any technical or logistical issues. So it wouldn't really make sense if I sold the game yet still kept legal ownership of the bank accounts where the money goes etc


    Details of the previous/current finances are hardly irrelevant! If running the game historically has incurred high costs (whatever these might be!) we, and hte future directors, would want to know. I've no idea what the costs of running a digital TCG are, so hard to understand the viability of the company (and hence judge its investment potential) without these data.
    The financial doc will explain in detail the current fixed costs, and the board will budget the future costs of new development and marketing etc.


    Ok - so what if some of the $300k of tokens remain unsold? Does this sale go ahead, only to those who have purchased Tokens? And in this case, what's the minimum sale volume you need for the exit sale? Or is it like Kickstarter where you have to cross the threshold before any money changes hands?
    I'm more than happy to keep some or all of my tokens if there are somehow no buyers. There is no minimum amount. No matter what, the sale goes ahead from August 1 when it's listed on an open exchange where anyone can buy and sell. It's expected to take awhile to sell the inventory of public tokens available, and the price will flucuate in this time.

  7. #17
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    Awesome! Thanks for the info. I'll wait for the finance doc to provide the deets

  8. #18
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    I just realized that I will not be able to participate in this endeavour as the Waves client requires credit card info. I do not and will never own a bank account (I'm 30+ years old and still alive, so it's obviously possible) so I'm limited to paysafe and similar options.

    This is the text that shows up when I try to deposit waves:
    "The phone number must be associated with your credit card information. Keep your phone next to you — you will receive a call from indacoin with the 4-digit code, which should be entered on your order page. "

    Similar thing happens when I try to deposit euros.


    Wish you all the luck and I'm sorry I wont be able to help.
    I have applied for some positions though, maybe that works out xD

  9. #19
    Devoted Fan Gondorian's Avatar
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    Quote Originally Posted by cargoth View Post
    I just realized that I will not be able to participate in this endeavour as the Waves client requires credit card info. I do not and will never own a bank account (I'm 30+ years old and still alive, so it's obviously possible) so I'm limited to paysafe and similar options.

    This is the text that shows up when I try to deposit waves:
    "The phone number must be associated with your credit card information. Keep your phone next to you you will receive a call from indacoin with the 4-digit code, which should be entered on your order page. "

    Similar thing happens when I try to deposit euros.


    Wish you all the luck and I'm sorry I wont be able to help.
    I have applied for some positions though, maybe that works out xD
    Without risking a thread derail too much, I wouldn't mind knowing why you have no bank account and how you get by without one based on other essentials in life (apart from SE!). Send me a PM and maybe I can help. I promise not to share any info you would like kept confidential.

    Good to hear you are still considering getting involved regardless though. But how would you cash out ST without a bank account?


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  10. #20
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    thx for your feedback and interest Gondorian!
    I applied not because of the money but because I would really like to be a part of this as i believe SE is a great product.
    I will write a rather long explanation later, im stuck with mobile atm.
    probably best to pm it though, dont want to derail too much

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