DeepToken, a blockchain-powered token for Entropia Universe
and IP Exchange
The only virtual universe
with a real-cash economy, online since 2003
Advanced KYC/AML on payments, token consumption within Entropia Universe,
and new protocols for international IP licensing and exchange. Backed by MindArk’s
20 years of expertise in virtual reality development and virtual currencies
MindArk - creators of the technological platform Entropia Universe launched in 2003 - intends to undertake a token sale which will raise capital to fund and operationalize the creation of an Intellectual Property Exchange (‘IPX’). The IPX will be powered by DeepToken, also known as DTA. We are issuing 100 million tokens for purchase.
Token Sale starting in
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Dear DeepToken DTA holder,
MindArk has been actively developing and operating its flagship product, Entropia Universe, and continues to pave the way for virtual environments that function with true economies. Through this process of innovation, we are continually pushing the envelope of what we envision virtual worlds can become.
DeepToken
DeepToken DTA is now closed. Our decision to not offer a pre-sale for DeepToken DTA meant that the discussions and negotiations with larger investors were ongoing during the initial sale, with some investments coming in just before and after the end of the initial sale. This level of interest was promising for the DeepToken project; MindArk is now preparing for the next sale DTB, and incorporating all that it has learned will certainly help to make DeepToken a big success. The closing administration work and the distribution of the Airdrop promotion tokens are underway and will be finalized shortly.
We believe that the development of DeepToken is an important step toward elevating commerce via digital currencies and assets that will push the industry forward for businesses and individuals wishing to leverage the virtual space. Through partnerships and community support we will achieve the vision that we share with many of you.
As you may have read in our whitepaper, the first-round sale of DeepToken DTA was never intended to be the only round. During this first round, we have been grateful and impressed by the vast amount of input from our supporters, investors, and industry partners. There are always areas for improvement, and we appreciate those of you who have invested in our vision of DeepToken in its earliest stages.
As we prepare for DeepToken DTB, we wanted to inform you that due to your early adoption of our vision, we will be granting all investors an amount of complementary DeepToken (DTB) calculated on the amount you invested in our inaugural offering. All forms of DeepToken will be used in our vision, and all will carry weight in our platforms, especially for those of you who have been supportive enough to support our first sale.
After a brief period of adjustment and optimization of our systems, we will launch a six-month presale of DeepToken DTB, with additional bonuses, airdrops, bounties and incentives. This adaptation will not change the vision and goals set forth on our website and in our whitepaper. It will allow us adequate time to promote and strengthen our offering to the benefit of all stakeholders.
Thank you, and please be sure to reach out to our growing
community with questions, and other
communities you believe
might be a good contribution to MindArk’s vision for DeepToken.
Further information on DeepToken DTB will be posted on this website.
Vision
MindArk, creators of the virtual reality platform Entropia Universe, created DeepToken as an extension of its vast ecosystem consisting of business developers, institutions, token holders and bitcoin loophole 2021 platform users. From the start, DeepToken holders will benefit from the connection and consumption of tokens within Entropia Universe, and through the creation of the IPX, DeepToken will have a multifaceted use.
We also plan to continue collaborating with leading-edge institutions and increase our investment into deep technologies including artificial intelligence (AI), deep learning, machine learning, virtual reality (VR), augmented Reality (AR). Through the implementation of a tokenized economy and banking system functioning through smart contracts on the Ethereum Blockchain, we will create the economic, technological and social platform of the future.
This will be achieved by direct connection to a system already functioning for 15 years within the virtual Entropia Universe, which features the gradual 'micro decay' of any virtual item used within the Entropia Universe platform. We will create exciting new content and systems for our existing and future users and continue to expand our 3 million registered accounts.
MindArk will also create a global ecosystem for the exchange and sale of intellectual property and digital assets on the IPX. With plans to establish the world's first real-world bank to hold its capital in a digital currency, MindArk will be well positioned as a custodian of this ecosystem, while also pursuing additional research and development into deep technologies.
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DeepToken holders will immediately benefit from the consumption of tokens used for transactions within Entropia Universe, which has over 3 million registered accounts; as well as over 70,000 currently available assets which will be introduced into the IPX by MindArk and existing partners.
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DeepToken is an alternative currency for Entropia Universe users, giving DeepToken an instant real value to its holders and real savings on traditional credit card and other transaction fees.
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The global IP market is worth an estimated $180 billion annually, but it is inefficient and inaccessible. In its token sale, MindArk will establish the world’s first Intellectual Property & Technology Exchange (IPX) to broaden access to the market and improve the mechanisms for licensing intellectual property and digital assets.
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2.1 million patents are filed each year globally with a commercial success rate of approximately 2%. The IPX will improve the commercial viability of IP and digital assets by making the licensing and promotional process more collaborative, more transparent, cheaper, and most importantly, easier for all parties involved.
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DeepTokens facilitate transactions between parties on the IPX. Functioning as both the contract for licensing information and assets as well as the platform’s currency.
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The blockchain creates an immutable record of every token and every transaction. The immutable record means transactions can be split into smaller, easily traceable, packages, completely transparently. This will allow the ‘crowdfunding’ of digital assets, where multiple parties can license assets reducing the financial barrier for entry to the market. Using ‘smart contracts’ the IPX will further simplify the process by automatically defining the price, duration and entitlements of the purchaser and compensation of the asset provider.
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Beyond the IPX, Mindark may include subsequent raises for the MindArk Bank to strengthen the IPX as well as for Mindark’s accelerator program, which will nurture and fund the development of new IP and digital assets. These additional raises will serve as mechanisms that enable and empower for growth for existing entities and entrepreneurs, allowing them to realise the value of their assets, facilitated by DeepToken, through the IPX.
DeepTokens - Benefits
Benefits of DeepToken for token holders:
The consumption of DeepToken in the deposit and withdrawal process and in conjunction with the deterioration of Entropia Universe items will reduce the number of tokens in circulation and thereby increase the demand for and value of all remaining tokens, in line with basic economic theory. Entropia Universe platform users will find DeepTokens as a way to save money and time when performing deposit and withdrawal transactions in Entropia Universe. DeepTokens will also be required by users of the IPX, further increasing the usage of and demand for DeepToken.
Benefits of DeepToken for
Entropia Universe platform users:
- Entropia Universe platform users will have the ability to expedite their transactions by utilizing DeepToken.
- Use of DeepToken within the existing platform will be incentivized by reducing expenses when compared to deposits made with traditional fiat currencies.
Benefits of DeepToken for business developers:
- Streamlined access to deep technologies such as bitcoin prime, a Bitcoin automated trading bot.
- Single platform for concept, development, testing and implementation.
- Expedited processing of products/concepts allowing open market distribution at reduced costs and timelines.
- Use of a proven product model and existing customer base.
- Access to MindArk's ever evolving AI, VR, and AR tools.
Benefits of DeepToken for business developers:
- Access to a user-friendly VR platform in which to test their unique concepts.
- Ease of access to developers and assets for new product development.
- Ability to utilize existing Entropia Universe platform users to refine their concepts and products before full-scale release.
The immense volume of social and economic activity and data already generated within the Entropia Universe platform over the last 20 years, together with AI and deep learning technologies already under development by MindArk, will facilitate major strides toward a Artificial General Intelligence (AGI), bringing us one step closer to the possibility of integrating human consciousness into our virtual universe.
DeepToken Bonuses and Incentives
MindArk decided not to offer pre-sale discounts from the beginning, as it wanted the DeepToken sale to be open and transparent, with no “behind the scenes” or murky discount deals. Instead, MindArk will offer early adopters and volume buyers of DeepToken bonuses.
Due to lots of requests for information on bonuses and volume purchases from potential investors, here is an outline of the DeepToken bonus systems.
Volume-based Bonus
- {{filteredDiscounts.volumeDiscounts[0].dtaAmount}} DTA to {{filteredDiscounts.volumeDiscounts[1].dtaAmount - 1}} DTA {{filteredDiscounts.volumeDiscounts[0].bonusPercents}}% Bonus
- {{filteredDiscounts.volumeDiscounts[1].dtaAmount}} DTA to {{filteredDiscounts.volumeDiscounts[2].dtaAmount - 1}} DTA {{filteredDiscounts.volumeDiscounts[1].bonusPercents}}% Bonus
- {{filteredDiscounts.volumeDiscounts[2].dtaAmount}} DTA to {{filteredDiscounts.volumeDiscounts[3].dtaAmount - 1}} DTA {{filteredDiscounts.volumeDiscounts[2].bonusPercents}}% Bonus
- {{filteredDiscounts.volumeDiscounts[3].dtaAmount}} to {{filteredDiscounts.volumeDiscounts[4].dtaAmount - 1}} DTA {{filteredDiscounts.volumeDiscounts[3].bonusPercents}}% Bonus
- {{filteredDiscounts.volumeDiscounts[4].dtaAmount}}+Contact DeepToken support
Time-based Bonus
Purchases made:- {{filteredDiscounts.timeDiscounts[2].daysTillEnd}} (or more) days
before sale end {{filteredDiscounts.timeDiscounts[2].bonusPercents}}% Bonus - {{filteredDiscounts.timeDiscounts[0].daysTillEnd + 1}}-{{filteredDiscounts.timeDiscounts[1].daysTillEnd}} days before sale end {{filteredDiscounts.timeDiscounts[1].bonusPercents}}% Bonus
- 0-{{filteredDiscounts.timeDiscounts[0].daysTillEnd}} days before sale end {{filteredDiscounts.timeDiscounts[0].bonusPercents}}% Bonus
Note: Volume and Time based bonuses will each be calculated individually from the initial investment amount.
All bonus tokens will be placed in your "Reserved" account until the sale has ended, they will then be transferred to your user account
If you purchased DeepTokens before these bonuses were implemented, you will receive an email shortly with instructions on how to claim your bonus.
IP Exchange/IPX
The IPX is a revolutionary platform that connects owners of digital assets and intellectual property with those seeking to access and license those assets. It will be the first ever repository of digital assets and intellectual property backed by blockchain technology and an existing profitable model that compliments its current and future ambitions. The blockchain will ensure that the exchange of assets is fast and transparent and due to its immutable nature, fraud and theft will be virtually impossible over the exchange.
A brilliant technology is owned by a patent holder in Sweden.
An investor from Indonesia sees an opportunity for commercialization in their local market.
The IPX enables the investor to locate the technology; establish a dialogue with the patent holder; agree a license agreement through a smart contract recorded in DeepToken; and pay the monthly license fees in DeepToken.
Partnerships & Development Accelerator
MindArk will launch an accelerator program to fund developers and offer professional guidance to their teams, maximizing the value they create for themselves and a variety of development platforms.
Developers will be encouraged to monetize new assets they create through the IPX, creating opportunities for them and nurturing the platform’s growth.
Deeptoken
DeepToken will initially function as an ERC20 utility token that facilitates the sale and purchase of assets through the IPX. Additionally, DeepToken will allow expedited transactions from the Entropia Platform due to advanced KYC/AML protocols.
MindArk intends for DeepToken to continually evolve with new available technology. In this regard, DeepToken may evolve to utilize a more technologically advanced platform than ERC20, while maintaining a one-to-one value for all DTA holders.
The ultimate vision of DeepToken is never cease in its expansion of use and functionality. Rising to the challenges presented as the IPX and Entropia Platform pursue further research and development in deep technologies. This is personified in the raise and evolution of the MindArk Bank and Accelerator program that will follow the implementation of the IPX.
Token Allocation
The token sale will take place March 2018 via www.DeepToken.io. 125 million tokens will be generated following the event, with 100 million tokens available for purchase. The remaining 25 million will be allocated to MindArk to provide a capital buffer.
Token Sale Proceeds allocation
- Development of the IPX including Entropia Universe Development - 50 %
- Marketing and PR - 25%
- Business Development (B2B) - 5%
- Legal and Regulatory - 5%
- Token Offering Costs (Advisors and Enablers) - 10%
- Contingency Fund - 5%
Token distribution
- Token Sale - 80%
- Capital Buffer - 20%
Roadmaps
DeepToken Roadmap:
DeepToken Token Generation
Event launch
Implementation of
DeepToken to the Entropia
Universe payment and
consumption eco-system
Development of the IPX with
70,000 digital assets as base
Launch of IPX for public use
2019
Total of 150,000 assets
available on the IPX from
partners and third parties
DeepToken trading volume
exceeds $25 million USD
across exchanges
Total of over
300,000 assets including
Deep Technology solutions
to be available on the IPX
DeepToken trading volume
exceeds $100 million USD
across exchanges
MindArk Roadmap:
Application submitted
to the Swedish Financial
inspector for MindArk Bank.
MindArk Bank will serve
as the custodian of the IPX
MindArk Bank launch
(subject to approval)
MindArk Bank will serve as
the custodian of the IPX
MindArk develops
new VR, AR and AI
technologies available for
licensing through the IPX
10 companies accepted as
part of the Accelerator
Program using and
contributing assets to the IPX
Launch of three
new planets into the
Entropia Universe resulting
in upward of $3 million
USD flowing through the
IPX as well as thousands
of new digital assets
History of MindArk and Entropia Universe
The MindArk Team
The wider MindArk Team
Partners
CRUXY & CO
Cruxy & Co. is a provocative strategy consultancy - we question, dig and challenge in a way that is unrelenting and gets to the CRUX. We do that in disruptive industries laced with complexity.
www.cruxy.co.ukHawthorn Advisors
Hawthorn is a corporate and financial communications consultancy established in 2013 by John Evans and Ben Elliot. We work directly with CEOs and leadership teams to develop and convey their stories with accuracy and precision. We support young businesses through the early years of growth and development, as well as working alongside multinational organisations during large scale and complex projects.
www.hawthornadvisors.comJita
Jita offers strategic advice, technology consulting and software licensing to corporates, scale-ups and startups. We cover a wide range of industries. Our clients are active in healthcare, fintech, insurance, gaming and energy. Our team has a strong experience in delivering complex projects with global companies. Jita has offices in London, Dublin and Belgrade.
N-iX
N-iX is a Ukraine-based software development provider with over 800 tech experts. It is one of the leading technology vendors in Eastern Europe working with global companies across multiple industries. N-iX creates sophisticated software products, state-of-the-art digital experiences, and solutions that enable technology transformations.
www.n-ix.comAuditors
PwC
PwC is among the leading professional services networks in the world, entrusted with helping organisations and individuals create the value they’re looking for, by delivering quality in assurance, tax and advisory services. As a network of firms in 157 countries with more than 223,000 people, it is one of the top four global accounting practices and proud to be advisors to MindArk.
www.pwc.comLegal
WSGR
Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology, life sciences, and other growth enterprises worldwide. We represent companies at every stage of development, from entrepreneurial start-ups to multibillion-dollar global corporations, as well as the venture firms, private equity firms, and investment banks that finance and advise them. It is one of Silicon Valley’s leading law firms
www.wsgr.comMindark Press Coverage
FAQ
Funds collected through the sale of DTA will be used for the Following:
- Development of the IPX including Entropia Universe Development 50 %
- Marketing and PR 25 %
- Business Development (B2B) 5 %
- Legal and Regulatory 5 %
- Token Offering Costs (Advisors and Enablers) 10 %
- Contingency Fund 5 %
- DeepTokens are single utility tokens that act as a method for transacting between buyer and seller within the Entropia Universe, and record the agreement made between the two parties as a publicly available smart contract.
- DeepTokens enable the exchange of intellectual property through the IPX.
- The DeepToken will perform three functions: i.DeepToken will be used initially in existing MindArk projects to improve KYC/AML and expedite fiat - virtual - fiat currency transfer.
- It will safely facilitate the licensing of IP and digital assets through smart contracts within the IPX and act as the medium of exchange on the IPX.
- It will act as a recording of all contractual information between IP holder and IPuser, using smart contracts on the blockchain.
- MindArk PE AB (MindArk) is an independent software company dedicated to the development of Deep Tech and establishing the 3D internet: a convergence of online games, virtual worlds and 3D social networks.
- Based in Gothenburg, Sweden, the company is best known for having created the world’s first “free-to-play” massively multiplayer online role-playing game (MMORPG), Entropia Universe.
- Over the past two decades, MindArk has expanded its technology and development expertise in the digital reality space.
- Since founding Project Entropia in 1999 (renamed Entropia Universe in 2006), it has gone on to develop the game into the largest massively multiplayer online role-playing game (MMORPG) in the world, placing the company at the forefront of next-generation gaming real-cash digital economies.
- Alongside the development of Entropia Universe, MindArk is working on projects to develop a next-generation 3D interface and social VR experience technology.
- Total revenues for 2017: ~70 million SEK
- Total revenues for 2016: ~74 million SEK (Additional 4 million received for previous mistakes by the Swedish tax authority)
- Total revenues for 2015: ~60 million SEK
- MindArk earns revenue when its users deposit funds into the game and consume their virtual items. It also makes revenue on direct sales in the form of starter packs and special items; auction fees on items that are sold between users; exchange fees when users change fiat currency into in game currency; and on administrative fees in connection with withdrawals of in game currency to fiat.
- Continue development of its flagship product, the Entropia Platform, and its associated endeavours as new technology becomes available.
- Cement its position as the leader in Intellectual Property storage as well as the sharing and utilisation of digital assets.
- Build its capabilities and expertise in Deep Technology development including VR, AI and AR
- Establish a real-world Swedish bank
- Smart contracts are essentially programmatic representations of a business process. They hold rules and actions that are executed when certain prerequisites are met and has an address like a blockchain wallet.
- In MindArk’s case, the initial smart contract will fully mine an ERC-20 token, called DeepToken A (DTA).
- DTA smart contracts will implement whitelisting mechanisms – which remain under the control of MindArk – such that the digital smart contract can reject Ether and DTA coming from non-whitelisted addresses.
- The smart contract is published and stored immutably and publicly in the blockchain. It can be audited by anyone.
- The blockchain is like a globally accessible, decentralized spreadsheet.
- It keeps track of who sent how many coins to whom, and what the respective balances of each address.
- This information is stored and maintained by thousands of people (miners) across the globe who have specialized computers. It does not depend on any single entity, company or government. It is audited in real time by all network participants to prevent any risk of manipulation.
- The blocks in the blockchain are made up of all the individual transactions sent from MetaMask, MyEtherWallet, Exodus, Mist, Geth, Parity, and everywhere else.
- An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying digital assets in exchange for other digital assets or traditional currencies. Investors in an ICO do so in the hope that the digital assets, or coins, will rise in value, like Ethereum has done since its ICO in an impressive way.
- During a Token sale (also known as a Token Generation Event), in contrast, participants are making charitable contributions towards a cause they believe in. Tokens are generated by the blockchain system after the fundraiser and are not provided by the foundation or old as part of the fundraiser. A Token sale is when a project utilizing either existing blockchain technology, or adapting an existing technology to their own needs, offers a “Token” in exchange for fiat or crypto currencies.
- Entropia Universe is the world’s largest real cash economy massively multiplayer online role-playing game (MMORPG) with over three million registered accounts. Entropia Universe offers players the ability to participate in a unique virtual world in which the they collect and earn virtual currency –’Project Entropia Dollars’ (PED) – though in-game activities. Introduced to the game in 2003, this virtual currency has a fixed exchange rate with the US dollar of 10:1, which allows players to convert to and from fiat currencies (i.e. any currency that is legal tender whose value is backed by the government that issued it), held in their real-world bank accounts. The game encourages players to develop rare job skills to service the wider player community, which they can then trade to accumulate PED.
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To incentivise the creation of a rich gaming environment,
PEDs which are used for in-game transactions by each
player are distributed between the stakeholders
responsible for the environment in which the transaction
took place, namely:
i.The affiliate or planet partner who recruited the player
ii.The planet where the transaction takes place
iii.The platform provider
- Entropia Universe uses a state of the art graphics engine to deliver the highest quality visuals in an MMO today.
- Entropia regularly dominates the ‘top ten’ lists of most expensive digital assets ever sold and still hold the Guinness World Record for the most valuable item ever bought.
- Entropia Universe is built on proprietary technology with its origins in Crytek’s CryEngine – called the Entropia Platform. It has six planets – five of which are owned and operated by independent companies from around the world (known as “planet partners”) and a sixth planet owned and operated by MindArk.
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