The introduction of the NEOLAND and the auction rules

The introduction of the NEOLAND

The dreamland NEOLAND has 8,100 (90*90) piece lands. The value of land could be changed by servals factors. For example, the location of land, some land near coastline or CBD areas; resource factor, wool, steel, stone, advanced materials and etc.. The land value also depends on the development of the economics, such as technology, afforest, and etc.. Therefore, the greatest factor to influence the value of land is running the land more carefully.

Introduction of NEOLAND

NEOLAND has an independent financial fund.

The revenue sources of it include but are not limited to the following aspects:

1) revenue from land auction sales;

2) transaction fee income;

3) customs revenue;

4) other income.

The Origin Land in this auction is located southwest of NEOLAND. It consists of 16 CBD lands, 59 coastal lands, and 825 ordinary lands. In order to help residents carry out economic construction more quickly, the land of origin has been supported with 4000 NEO as the initial financial fund. At the same time, 70% of the auction revenue will be added to the financial funds of NEOLAND.

Auction Rules for NEOLAND

1. Preparations.

① NEO is the only token supported during this auction. The official address for players to top-up: https://neoworld.io/account/billing_neo

② Players need to deposit NEO into the account from the official website and transfer NEO into the auction centre. During the auction, players can transfer NEO in or out of the account freely, though there will be a certain period of cooling time. No transaction fees will be charged in this whole procedure.

③ At the end of the auction, the balance will be transferred back to the original account.

2. Auction Time

Begin Date: Dec. 27th at 22:00 pm (GMT+8), 2018.

Duration: 7 days

End Date: Jan. 3rd 22:00 at 22:00 pm (GMT+8), 2019.

3. Land Attributes.

Some lands have special attributes listed as following:

*Coastline:

players could be built airports and wharf here, thus to provide lower-cost access for other players to go to other continents. Revenues generated from airports and wharf (after tax) belongs to the building owner.

*CBD:

players could build special buildings with special functions here.

*Lumber Lands:

Players build timber mills here, and the production of woods will increase 30%.

*Stone Lands:

Players build stone factories here, and the production of stone will increase by 30%.

*Steel Lands:

Players build steel factories here, and the production of steel will increase by 30%.

*High-tech material Lands:

Players build high-tech material factories here, and the production of high-tech materials will increase by 10%.

*Mineral Lands:

Players build mineral factories here, and the production of mineral (NRO) will increase by 10%.

There is only 1 attribute for each land.

2. Auction Rules.

① The upset price of each land is decided by the attribute.

② Bids must be integer multiples of 0.1 NEO and greater than the current bid.

③ After bidding for one land, that amount of NEO should be frozen that players cannot use it to bid other lands.

④ Players can withdraw the bid only when he’s not the highest bidder. No fees would be charged if withdraw.

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 auction end time will be changed according to the bidding each time. Here are the details:

a. for each bidding, the end time is the current time plus X.

In the earlier stage of the auction, X = 12.

e.g., after someone bids for certain land, if no one bids it with a higher price in the next coming 12 hours, then this auction ends.

In the last 24 hours of the auction, X will be halved for each biding, the lowest time should be 10 mins.

b. If the calculated auction end time is greater than the auction stop time (Jan. 3rd at 22:00 pm, GMT+8), then the auction ends according to the latter.

4. Else:

Lands that on one bid during the auction will be put on sale after NeoLand officially released. Purchasing price will be its upset price in the auction.