*NEW*  Gold Hunt Land RANK SYSTEM

GOLD RUSH

Fish Hunt tutorial on Youtube has reached over 3000 views and has shown as a good tool to spread the word about interesting games in Second Life.

Dear farmers, we have a situation.

By latest measurements of the overall supply of Tasty Worms in the market is too high.

WORM PRICE WARS:

Tasty worms price is falling too quickly as production of Tasty Worms by all farmers who produce them is too high and bigger producers are competing to sell their stocks of worms. Price undercutting is happening that has lead into a true price war.

Such price war can hurts smaller producers as bigger producers can simply afford to keep lowering the price and squeeze the profit from worm sales to a really tiny amount. This is happening and at the end of such price wars we might have a portion of smaller worm farmers getting angry, frustrated and quitting from supplying worms (stopping farming) which leaves a bigger piece of cake for larger producers. That way the worm economy would fix itself as the supply would reduce to meet a demand and there would be balance again. This happens if we take – DO NOTHING APPROACH.

It is in my best interest to have as many people as possible making profit from worm farming. I want to establish balance between supply and demand of worms and retain the value of worms at their optimums because this way all the worm farmers will be able to sell 100 % of worms they produce at profit and everyone will sell their worms faster and be able to reinvest their profit into next batch cycle.

Eventhough we’re getting a lot of new fishers daily and on overall Fish Hunt is growing the supply of worms is still bigger then demand for them. Worms are being piled up and amount of total worms in existance is keep increasing and leading us towards an investment ballon that can expload and cause bad blood.

This GAME is not a pyramide scheme and for me as a creator of this system it is very important to match SUPPLY with DEMAND and keep everything at near perfect BALANCE. I want this market to be in equilibrium as that is the state where most people can benefit from it. There are many different interests and by the rule of thumb everyone must mostly look for their own best interest as we’re taught that but we need to achieve an equilibrium where most people can get something out from this GAME as this will enable the FUTURE of FISH HUNT and further expansion of our games into an even bigger system of connected games with a true virtual economy and markets.

WHAT WE ARE ALREADY DOING (to grow demand for worms):

We’re having and advertising budget to promote the game and we’re doing everything that is possible to grow the number of fishers. We recently released quests where a fisher needs to bring in a new fisher in order to get a reward. A new game that will potentially have an use for worms is currently being planned to be made. All Buoy owners are contributing towards the growth of overall system and we’re in expansion.

On long term all of above will help but on short term we’re headed towards WORMS CRISIS

My suggestion how to achieve EQUILIBRIUM (state where supply meets demand):

Current max batch size of Tasty Worm Farms is 150 Tasty worms per batch per given growth time.

If we reduce the batch size from 150 down to 100 we will reduce the TOTAL SUPPLY OF WORMS that can HIT market in a specific given time.

EXAMPLE to better understand state WORM MARKET IS IN:
Imagine this like having a bucket of water with a hole in it and water is leaking out through that hole slowly. Our goal is not to fill the bucket over its edge because otherwise we have a FLOOD – BALANCE is achieved where incoming water from a pipe flows in as fast as water that flows out of that bucket – thats the perfect BALANCE. But currently water from a pipe is incoming too fast and we’re headed towards a situation where FLOOD will happen and water will be leaking out over the edge.

I only suggest that we step together and slow the incoming water from pipe so that our hole can handle it. This is what we can achieve with lowering the max batch size on tasty farms.

WHAT WE NEED TO DO:
To quickly lower the supply of Tasty worms in market and retain their normal price I propose that we change the max batch size to 100 tasty worms. This would quickly fix the over-supply problem and help all farmers sell their worms on stock. If the conditions on market get fixed we can then later increase the max batch again to meet it with new demand.

I only want what is best for the SYSTEM and we have an opportunity to avoid an investment BUBBLE like they are happening in REAL WORLD. This is an experiment to try to organize market economy better and grow something really big from within Second Life.

We want to decrease the max batch size for Tasty Farms from 150 to 100 worms per batch experimentally for 1 month. We believe that this will help everyone to sell their worms, make profit on them and start their next batch repeatedly. If we don’t reduce it we believe that worm market can come to a halt for worm farmers and will go through cleaning period where portion of worm farmers would stop farming because of low profits.

VOTING

All farmers when they hear that their farm will be producing less worms per same amount of time might freak out and not like the idea. But if you try to look on overall picture and see the benefits of it for us all. All the worm farmers can cooperate and help to build this system to become much much bigger but only if we allow the sustainability of it.

I want to give everyone a chance and I believe that everyone or most of the farmers can understand the big picture and benefits if grow worm ecnomy at sustainable rates.

We will be having a voting:

Every worm farmer who owns a Tasty Worm farm or more can VOTE for or against.

This voting is exclusively for owners of Tasty Worm Farm/s in Second Life. I will ask everyone to not post anything else in this thread except number of Tasty Worm Farms that you hold and your vote, for or against reducing the batch size of Tasty Farm to achieve supply/demand Equilibrium.

Example:
Your Second Life Avatar Name: Wili Clip
Decision: In Support
I own (Tasty Worm Farms): 1

Link to biggest  Stock Exchange simulation:
click to Capex forum>>

When I did IPO with ADS back in February I promised to all my investors that I’ll make ADS shares double and even triple in their worth and it is clear now that I was very serious about it and I am very serious when I say that our goal is to grow a virtual company in a size of a real life global corporation. My intentions are very clear. We are growing a corporation here that is more then just an ordinary business – what we do involves a lot of people all around the world. At new CAPEX we are all proud pioneers of this emerging virtual financial market.

When Skip Oceanlane took over SLCapex he had a vision. There can be a growing community of virtual venture capitalist in Second Life and their investments can support real entrepreneurs with a vision, good ideas and a know how to realize them. I and many others share this vision too, that is why I decided to join with my virtual company and it was one of the best decision that I ever made.

Business in a virtual world is a simulation of real business, business skills that we develop and knowledge about industry and markets we grow are all very real. Reputation is real – many people have taken advantage of developing virtual financial market in the past and atrocities have been made – THEY DIDN’T HAVE REAL GROWTH and they didn’t even set basic rules to detect and prevent false business growth.

Many business analytics thought that it can not be done…
Well here we are. We have a real business growth with large support from people all over the globe and we have just started. We are all taking part at building something that hasn’t yet been done. That is why we came in Second Life – it is a new world.

We are living in 21st century where some virtual worlds and MMOGS are developing a virtual economies that are by its GDP larger and more successful then economies of some RL countries (WoW, EVE online, Entropia Universe, Zynga, Second Life).

This is a new reality.

Zynga is doing a billion USD IPO. They develop games within social network Facebook, their products have become a reason why many people log into Facebook every day.

This is also possible in Second Life and with Gold Hunt we have started developing such games and we are moving into industry that can change Second Life.

Wili Clip
CEO of Second Ads

Gold Hunt (ex. Linden Gold Hunt) was launched previous month. After initial few days we saw that it has a potential to grow in something big.

We’ve been adding more addictive elements to it through all 7 updates (from B1 – B7 release).

Gold hunters started to compete against each other. Rank (measured by amount of points – Gold Tokens) is very important for gold hunters and it represents status. Gold hunters form clans and cooperate to out-compete other clans. As numbers of players grows the competition gets more fueled.

Center of Gold Hunt or headquarters are in the middle of Business Park. Everyone that collects coins ends up in headquarters eventually as they get their rewards (L$) there.

42 549 L$ have been paid out in rewards to gold hunters until now. Gold hunt is becoming primary way for new players to earn money for their first virtual products to improve their newb looking avatars. Gold Hunters have money and with playing they’re increasing their virtual wealth.

Gold hunt combines fun, competition, sociality, teamplay and it also earns money for players. Most importantly it is creating a vibrant community.

For every coin that players collect they get Gold Tokens. Players with most Gold Tokens are ranked high. Gold Tokens are becoming money within the game as Gold Tokens have the main property of money – they’re valuable for people that hold them (value holders).

If it is possible and within LL TOS we will make an exchange system for players where players and merchants will be able to trade them with other players for L$.

**If TOS prohibits that we’ll find a workaround using game mehanics to achieve the same thing.

Important part of strategy to grow sim’s own economy:
We are now partnering up with content producers that will offer their products to our gold hunters in 2 prices (in L$ and Gold Tokens).

Current conversion rate between Gold Tokens (GTs) and Linden Dollars (L$) is: 1 L$ = 5 GTs

Merchants that collaborate with us are asked to decrease price of their products for 80 % in L$ and replace that 80 % with Gold Tokens that players need to pay to be able to get products for price that is 20 % of the full price that everyone else who don’t have Gold Tokens and are not (yet) part of gold hunt community, have to pay.

Merchants partnered with us are not giving DISCOUNTS, they still get 80 % from value of their products (of full price) converted into Gold Tokens (GTs). It is a way for merchants to reward players and grow their popularity and brand awareness within a community of gold hunters that will remember. Gold Tokens will grow in value similarly as BITCOIN – because players need to work (collect coins) to get Gold Tokens and they can only collect coins if they’re charged with L$ that are distributed to players who click them.
Consequently value of Gold Tokens is backed up by the community of players and total value of all Gold Tokens in existance is dependant on the size of this community.

Our community is growing really fast.

Effectively gold hunters can shop for goods of high quality for less L$ but only if they have enough Gold Tokens that is becoming a local currency of Business Park sim.
There is still option for everyone to pay the full price in that case Gold Tokens are sent to customer who paid the full price and added to their gold hunt account (in case if they don’t have one yet its automatically created) and they can use Gold Tokens for payment of another product in gold hunt mall.

We’re currently setting up different merchants in gold hunt mall. We aim for content producers with established brands and goods that are popular.

If everything goes according to this plan then we will grow biggest community of players within group of addictive games (such as gold hunt) that will all use intra-sim currency.

Lastly I’d like to inform you about strange phenomena that we are witnessing more and more:
- When high valued coins are out of budget some players pay into them their own money (L$) to increase their budget just so that they can collect and get Gold Tokens (points) that they need to grow their rank.

Seeing this is a sign for me that we can grow this into something that is more then just a popular game in Second Life. This could potentially grow into Zynga of Facebook with Gold Tokens that have value for community

Goal was always to provide real value to business community in Second Life. That is why our customer base grows in size.

Recently I received positive feedback from a SL radio station owner (Hit Mix). His audio ad sales and adoption of his radio stream in SL grew already in 1st day of his ad campaign.

Second Ads profits are growing from month to month and to ensure future growth and value stability I’ve added additional anti click fraud protection and also directed a person who will ensure that publishers are following TOS.

Second Ads ad network has grown big. Big enough to get an attention of people that will try to cheat the system and earn money on expense of our clients.

Its a natural tendency in humans especially when they are brought up in system that perpetuates corruption to try to cheat wherever they can. People will always try to do that. The only way to fight against cheaters is to protect the system within the source code to systematically prevent the abuse. I did that – I’ve added additional security into networked adboards that second Ads system uses.

I want to keep Second Ads as respected brand and a virtual business that is sustainable and provides real value. I believe that the biggest reason why ad networks failed or they didn’t achieve their full potential in virtual worlds was becuase of click fraud. Ad networks on world wide web that successfuly fight against click fraud are multi billion businesses (example: Google Adsense).

I can not allow other people cheating this system because it would ruin Second Ads reputation and brand image. We are growing in size and have a very big potential to grow much bigger but this can only happen if we keep providing real value to our customers. We already have some of very prominent clients and our biggest rival is Linden Lab itself (ads on sl marketplace) and we have a big price advantage over them.

We will be be much stricter to publishers and we have the ability to see what anyone of them is doing with our networked boards. Its all logged in our database. We also have ability to reward publishers as a whole with bigger comission if they all abide by the rules.

There has been an attempt of click fraud recently – with bots. We’ve dealt with the problem successfully and violators were banned from system. I’ve even been threatened by them that they will repeat it with alt avatars if I don’t pay them a specific sum of money and for that I am implementing additional security to prevent click fraud and efficiently protect the system from bots and alt avatars.

We can detect unusual high frequency of clicks on adboard in our system or clicks from alt avatars. We have everything logged in database.

Its in our best interest to have a big publisher base and that a lot of people earn money from our system but they do need to follow the rules that we have because they’ve been designed with a purpose to grow this ad network into the biggest and most reliable.

Click fraud is a very serious threat for our virtual company. I am taking proper steps to totally eradicate this problem with a systematic solution (within the code). Also a person was assigned to insure that all publishers are following the rules.

Publishers are always welcomed to dedicate some L$ from their earnings to invest in ADS shares as we’re making everything that is possible to grow the value of the whole virtual company.

We are building a biggest virtual business alliance in Second Life…

I am a virtual entrepreneur. That means that I look for opportunities to make my RL career and grow a business within a virtual world.

AD NETWORK

I’ve made an inworld advertising system that now many virtual brand owners use to promote their services and ofcourse I earn money for provided service. Profits are growing and more and more people are aware of my brand.

VIRTUAL ORGANIZATION

I wanted something more then just earning money on my own. I wanted to create an organization. I am reading a lot of books about strategic management and ways how to grow a business organization. I can say that broad definition of an organization is a group of people working together for a common goal – that is the simplest definition. When you make a “group of people working together” then you can create spectacular things.

I managed to do a bit of that. I have managed to gather people that work for a common goal with me. I’ve formed a management team with a RL educated marketing engineer and RL educated business information manager that currently works as an auditor in some bigger corporation.

Now how was I as 22 year old able to gain business professionals to work for me? How was I able to gather human resources to work for my goal? There is a simple answer. It is a worthy goal and they have something to gain from it.
This is why people take RISK, to gain something.

“Maybe it is also because I read a lot and I see some things they can’t – a vision.” I am also a bit of a visionary. Life is nicer is you can be driven by a vision.

A capitalistic society is mostly competitive and sometimes very cruel but it has also enabled growth – it is by no means a perfect system. It just has a great mechanism where a lot of people can share the risk and together concentrate the resources to reach GOALS that an individual would never be able to. A lot of time those mechanisms are abused but sometimes they can work for well being of everyone.

We are living in an information age and number of transistors are still doubling according to Moore’s law. People are still investing in future.

STOCK MARKET SIMULATION

There is a stock simulation game in Second Life. It is just a game like L$ are game currency but for me it is not a game. I am using this stock simulation to grow a real business. As my goal is to build a virtual corporation whose main core is advertising and is able to use that profit to help at developing other virtual businesses (acquire and expand).

I want to create a virtual organization with a matrix or networked organizational structure. And I want that its owned by people. Publicly traded. I’ve seen many big businesses in Second Life. None of them is publicly owned. This is an opportunity to make a history.

We have many happy customers that decided to support my goal/vision. They are customers that are buying a service and at the same time spectators of this happening. As an organization we’re expanding and networking with other professionals in virtual world to form something of a greater value in environment that many still call a game.

At some point of growth we will register a real corporation C-corp in USA and convert shareholders virtual stocks into real stocks. Why do I believe that a virtual organization set as stock company can have an advantage? Because when you pay people that work for an organization with stocks they will do all that they can to keep it profitable because it is in their INTEREST. They own it.

At the time of writing this text there is 32 % of shares out of 1 200 000 that we have to sell to successfully finish the IPO. My goal is to grow a first virtual corporation that will be publicly owned and will make it into the real world.

Could that be your goal too? Join me.

Second Ads is now publicly owned virtual company within virtual space Second Life. We are looking for professional designers to whom we could outsource graphics design jobs for our clients.

It is in our best interest to offer a full range of complementary services that are of best quality to our clients. We want to create a destination where people go when they need some fast/instant design work of highest quality for their business needs.

We are going to create an inworld list of professional designers from all over the world. We will create ONLINE indicator board for every designer. Goal is to have enough graphics designers so that at any given time when a potential customer visits our designer’s hub at least one or a few graphic designers are online and available to do design work instantly.

In this way we want to save time that customers have to spend to locate a proper designer for their work.

We offer to promote every designer that wants to connect with us and our brand:

* Every graphics designer will have a portfolio of past work/products and qualifications on our a website (in this way our clients will be able to choose from a variety of different designing styles.
* All designers can still have their own brand and business

We request that every designer who gets a client through our Second Ads designer’s hub pays a comission of 35 % from the amount he/she earned from referred client. It is preferable that everyone who cooperates in our structure owns some shares of Second Ads to achieve organizational goal congruence.

We are creating vertical connections with other online businesses to create sinergies. Shares of our company are traded on virtual stock market. Our goal is to achieve steady growth that will reflect in growing share price.

We are a virtual organization:
“an organization distributed geographically and whose work is coordinated through electronic communications.”

With networked organizational structure:
“where independent people and groups act as independent nodes, link across boundaries, to work together for a common purpose; it has multiple leaders, lots of voluntary links and interacting levels.”

CEO of Second Ads
Wili Clip