"Communism will auction some land to shareholders once > 25 shares are sold.
(XDCD will not participate in this auction)"
I did a little digging, and this looks like a major play by XDCD. For anyone interested, here is a full breakdown of the situation.
The Details
- Company: Communism
- Share Price: $10,000
- Prize: a maximum of 2 land slots in New York, USA. These will be auctioned off exclusively to shareholders.
- Trigger: The auction begins only after 25 shares have been sold.
Who's Buying In?
The big money is already moving. As of now, 3 of the 25 required shares have been sold to some of the wealthiest players in the game:
- NineNineEnterprise (CEO: Matth99)
- MK Shares (CEO: mkarim)
- Global Equity (CEO: Bullgame)
With only 22 shares left to trigger the auction, it's expected that other high-net-worth individuals will be buying in soon for a chance to bid. There is also the option to buy multiple shares to possibly limit the auction competition.
A Genius Financial Play by XDCD?
Let's look at the numbers. This is a brilliant way to raise capital.
- Guaranteed Income: By selling 25 shares at $10k each, the company instantly generates $250,000 before the auction even begins.
- Auction Windfall: The final auction price for two prime New York land slots will create a second massive payday, which could easily be a six-figure sum.
Essentially, XDCD gets a huge cash injection and then hosts an exclusive, high-stakes bidding war.
So, what are your thoughts on this form of land distribution? Who do you think will buy the remaining shares? And more importantly, how high will the final auction price go?
"Communism will auction some land to shareholders once > 25 shares are sold.
(XDCD will not participate in this auction)"
I did a little digging, and this looks like a major play by XDCD. For anyone interested, here is a full breakdown of the situation.
The Details
- Company: Communism
- Share Price: $10,000
- Prize: a maximum of 2 land slots in New York, USA. These will be auctioned off exclusively to shareholders.
- Trigger: The auction begins only after 25 shares have been sold.
Who's Buying In?
The big money is already moving. As of now, 3 of the 25 required shares have been sold to some of the wealthiest players in the game:
- NineNineEnterprise (CEO: Matth99)
- MK Shares (CEO: mkarim)
- Global Equity (CEO: Bullgame)
With only 22 shares left to trigger the auction, it's expected that other high-net-worth individuals will be buying in soon for a chance to bid. There is also the option to buy multiple shares to possibly limit the auction competition.
A Genius Financial Play by XDCD?
Let's look at the numbers. This is a brilliant way to raise capital.
- Guaranteed Income: By selling 25 shares at $10k each, the company instantly generates $250,000 before the auction even begins.
- Auction Windfall: The final auction price for two prime New York land slots will create a second massive payday, which could easily be a six-figure sum.
Essentially, XDCD gets a huge cash injection and then hosts an exclusive, high-stakes bidding war.
So, what are your thoughts on this form of land distribution? Who do you think will buy the remaining shares? And more importantly, how high will the final auction price go?
Don't buy into the scheme guys, he's double dipping. I'd be surprised if there were even 25 active players rn who have $10,000 laying around for an entry fee to an auction for a small chance to get some land at said auction lol. I guess his reasoning is if he wants to fetch at least $400k for a piece of land and he gets $250k entrance fees the bidding just has to go up to $150k before he breaks even, but that's just speculation on my side.
Also, after you bought the Communism shares, the land will be taken out of the holding, your share also loses value.
Bottom line: not worth it unless you know you can outbid anyone and both plots of land will be auctioned under the same 25 shares sold rule. And even then you still overpay. I understand @XDCD 's reasoning for his pricing, but imo it's too high for the current game's state & economy. At least he gives players some option to obtain land.
know you can outbid anyone and both plots of land will be auctioned under the same 25 shares sold rule. And even then you still overpay. I understand @XDCD 's reasoning for his pricing, but imo it's too high for the current game's state & economy. At least he gives players some option to obtain land.
Thanks!
Yeah the 10k are gone no matter what
I'm curious how high a land auction would go if Communism/ XDCD would just hold a open auction
I'm also interested if after Communism eventually sold both of it's land slots, if XDCD is going to transfer more of his land to communism to do more auctions
