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Thread: Shadow Tokens

  1. #1
    The Creator Kyle's Avatar
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    Shadow Tokens

    We're pleased to announce full details of the Shadow Token sale, starting August 1st!

    Please see http://www.shadowera.com/tokens/

    The whitepaper has been released at http://shadowtoken.io/shadowtoken_whitepaper.pdf (best if you download it to read)

    Any questions or comments here are welcome as we get closer to the sale.


    INFORMATION FOR TOKEN HOLDERS:

    Portal for managing tokens: http://www.shadowera.com/showthread....arter-Backers)

    Specifics of Daily SC reward: http://www.shadowera.com/showthread....-Token-Holders
    Last edited by Gondorian; 08-12-2017 at 02:12 AM.

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    Senior Member Bluejet24's Avatar
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    Quote Originally Posted by Kyle View Post
    We're pleased to announce full details of the Shadow Token sale, starting August 1st!

    Please see http://www.shadowera.com/tokens/

    Any questions or comments here are welcome as we get closer to the sale.
    Will you be providing more detailed financials of the company?
    IGN: TJ BlueJet24

    Founder of Team Juggernauts

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    Quote Originally Posted by Bluejet24 View Post
    Will you be providing more detailed financials of the company?
    +1

    Not going to get my investment without significantly more detail. Off the top of my head:
    - total revenue, and breakdown
    - total costs, again broken down by development, servers, advertising, salaries, others
    - assets and liabilities (lots of unfulfilled kickstarted things)
    - state of development of all the outstanding features
    - current staff and obligations to them (see costs)
    - business plan

    Plus, importantly, where the $500k actually goes. What's to stop Kyle running off with it?

    How will the transfer of ownership actually work? It says the tokens are not actually a share on the game, so looks like Kyle keeps that!

  4. #4
    Junior Member TyrionLannister0's Avatar
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    Quote Originally Posted by trevorJacobs View Post
    +1
    How will the transfer of ownership actually work? It says the tokens are not actually a share on the game, so looks like Kyle keeps that!
    "Each token represents a share of ownership of the game Shadow Era, the digital assets and physical card inventory. There are 10,000,000 tokens in total. Besides being publicly tradable, players get many benefits and rewards from being token holders. However, digital tokens are not shares in a company nor are they financial securities. Never risk more than you're willing to lose." -- from the token website

    i don't understand this. Is this contradicting itself?

    P.S. Not trying to stir up trouble, i just want to understand
    House Lannister
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    I think we need to see something like a constitution - what are the rules that we are asking to buy into?

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    The Creator Kyle's Avatar
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    These are some good questions, I'll explain briefly but more details will be coming.

    "Shadow Era" consists of the digital game generating revenue, the intellectual property, and physcial card inventory. Wulven is a company that owns Shadow Era, and Kyle is the sole owner of Wulven. So Kyle is selling Shadow Era "to the players" instead of to a 3d party company. It's a sale without any liabilities or obligations beyond basic fixed server costs to keep it running. What will happen is that a new trust company will be formed, Shadow Era will be transferred to that new company, and future income will all go to that new company's bank accounts and be controlled by the paid board of directors. For a good example of how this is done you can see the open source Wesnoth project.

    As for financial details, a complete report is coming in about a week that will go into details probably never before publicly revealed for any live game. But it's important to understand the Key Performance Indicators (KPI) and how revenue is generated and the past performance. The board needs all the information available in order to make decisions about how to move forward.

    The breakdown of the token sale is given on the website. Yes, the 60% token sale money will go into my pocket to pay off substantial debts and earn a proper deferred income. This is an exit sale for me, and not an IPO for a startup.

    Hope that makes sense!

  7. #7
    Game Director Gondorian's Avatar
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    Quote Originally Posted by Kyle View Post
    These are some good questions, I'll explain briefly but more details will be coming.

    "Shadow Era" consists of the digital game generating revenue, the intellectual property, and physcial card inventory. Wulven is a company that owns Shadow Era, and Kyle is the sole owner of Wulven. So Kyle is selling Shadow Era "to the players" instead of to a 3d party company. It's a sale without any liabilities or obligations beyond basic fixed server costs to keep it running. What will happen is that a new trust company will be formed, Shadow Era will be transferred to that new company, and future income will all go to that new company's bank accounts and be controlled by the paid board of directors. For a good example of how this is done you can see the open source Wesnoth project.

    As for financial details, a complete report is coming in about a week that will go into details probably never before publicly revealed for any live game. But it's important to understand the Key Performance Indicators (KPI) and how revenue is generated and the past performance. The board needs all the information available in order to make decisions about how to move forward.

    The breakdown of the token sale is given on the website. Yes, the 60% token sale money will go into my pocket to pay off substantial debts and earn a proper deferred income. This is an exit sale for me, and not an IPO for a startup.

    Hope that makes sense!
    Good stuff! Worth reading a couple of times.

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    Quote Originally Posted by Kyle View Post
    These are some good questions, I'll explain briefly but more details will be coming.

    "Shadow Era" consists of the digital game generating revenue, the intellectual property, and physcial card inventory. Wulven is a company that owns Shadow Era, and Kyle is the sole owner of Wulven. So Kyle is selling Shadow Era "to the players" instead of to a 3d party company. It's a sale without any liabilities or obligations beyond basic fixed server costs to keep it running. What will happen is that a new trust company will be formed, Shadow Era will be transferred to that new company, and future income will all go to that new company's bank accounts and be controlled by the paid board of directors. For a good example of how this is done you can see the open source Wesnoth project.

    As for financial details, a complete report is coming in about a week that will go into details probably never before publicly revealed for any live game. But it's important to understand the Key Performance Indicators (KPI) and how revenue is generated and the past performance. The board needs all the information available in order to make decisions about how to move forward.

    The breakdown of the token sale is given on the website. Yes, the 60% token sale money will go into my pocket to pay off substantial debts and earn a proper deferred income. This is an exit sale for me, and not an IPO for a startup.

    Hope that makes sense!
    Hi everybody,

    im playing and supporting this game on and off since few years, very happy with game's mechanics and the overall tendency to keep the game balanced.

    I stopped playing it recently for the lack of new, promised, contents.

    I'm not an economist so i have few simple doubt about this idea of selling the game to the players, and i hope an answer to those questions will be usefull to make the situation more clear also for who is willing or thinking to get involved.

    1- If it is true that the game is healthy and produce money why selling it?

    2-
    "Shadow Era" consists of the digital game generating revenue, the intellectual property, and physcial card inventory
    i think this maybe part of an answer for the first question: why including the "physical" part of the project (honestly i think is what makes/made this project NOT heathy) .

    i think that the community would not be very happy to put any money in what many here think, and wrote, to be a mistake: "going physical".


    I also wanna thank the community and the game designer who made possible for me to enjoy so many hours with this game and wish good luck to this project.

    Standing by and lurking around for any progress/updates.


    IGN: Fiddartha

  9. #9
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    Quote Originally Posted by Gondorian View Post
    Good stuff! Worth reading a couple of times.
    Indeed - and it raises a lot of questions as well!
    - 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?
    - Who will hold the 23% ($115k) for developers? Is that also Kyle? And Gondorian? Others?
    - 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"
    - 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
    - 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
    - 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
    - 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? What happens if $500k of tokens are not sold? Do you just keep the money anyway? Can you create more tokens?

    I really want to be able to support the game, but this just feels so opaque. I recognise 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.

  10. #10
    Chat Mod Ross013's Avatar
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    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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