I've participated in this project's translation bounty. but never got any payments it's been almost a year. I almost forgot about that like all other scam projects. but today found out that it's listed in coinmarketcap. so the project is running but they scammed bounty hunters without any payment. this is a shame.

Yes, that's what bounties these days make us. They show us big big rewards on their spreadsheets but the real values of those rewards they offer us are sometimes not even up to $5 on the market. I feel bounty hunters are only being used as baits by project owners to catch their investors virtually for free. What do you think guys ?

What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?

Most projects are now all copy paste from all those successful projects and most new social experiment projects are still not able to gain more popularity to make new investors because of this red market. Most experimental projects cannot sustain on this bear market so that's why they end up as scam projects.

Thanks for your perspective. I believe in blockchain adoption. So I believe blockchain will hit any industries. As long as the blockchain people never stop the effort.

The IEO is still running and I also hope the team had some secret potion to make the campaign success.

No report from the sale today.

Hey, one of my companies is developing the game, Future City INC and I are developing the game
we are staffing up with 3 new staff members and we are currently 4 involved currently on the game development and overall project
we want to keep this a small game studio, to begin with, because we don't need a lot more stuff at the moment as we have already outsourced most of the heavy-duty work for the framework and other things and now we are taking care of getting our in-house staff, so to speak, but most will be working remotely but an option will be to work in-house at our office as well.

I have left my other companies temporarily is very adept hands and am focusing my full effort to run Future city INC and make this game everything we say it is.

Our teaser isn't ready yet

I think one of the reason is Elad team consist of experts in both property and blockchain industry and that is a powerful synergy. Another one is fractional ownership. (just my opinion)

I saw someone is buying slowly here

https://www.cbx.one/trade/ELAD-BTC

In my opinion, there are still good projects, but they got lost in a pile of garbage. I also see such a problem as a loss of investor confidence. I think that everything can still change, but this requires a real revolution in cryptocurrencies.

Have you considered it from the angle of early investors dumping their tokens especially those investoes that bought during the pre-sale stage with bonuses of 10-30% off. The hunters allocations aren't that huge and hardly before you see a project distribute bounty tokens immediately after crowdfunding of a project is over.

Here's a proposal which might work to prevent dumping as understandable if there aren't enough buying support, hunters selling their tokens will surely bring down the price value of a coin. The proposed strategy goes like this, distribution should be done in batches also there should be a break of 15-30 days between each distribution date. Some projects already using this technique are recording a successful. Irrespective of all these, a shitproject without any real value will still lose price value whether or not they get dump by hunters.

Hey there glad that you brought this forward

Most of the back-end functions will be run on smart contracts and this will be a virtual life game with action features
we are in the early stage right now and focusing most of our development at the game itself and the environment and funding ourselves by for example selling pre-alpha spots to players which provides us with the seed money, and then, later on, we will also hold an IEO and people will be able to purchase the game so that will provide income to the company, there will be no subscription fee, the main institutions inside the game will be stock-based and ownable such as casinos, banks, houses, businesses, and more, now this means that there will be some interest that will be earned of the money that you keep in your virtual bank accounts and you essentially will gain vesting profit from keeping your money in the bank but you will also be able to lend to others with interest but that profit will not be generated by the system, as for if you own part of the stocks in the casino then that means you will get a dividend of the total profits from the casino monthly split by the number of stocks that you have vs the number of stocks that exist and this will also work for businesses, which you will need to supply with materials for them to keep running and giving you profits, the cryptocurrency that will be created for future city will have an endless amount of supply that will only be dictated by the system itself which of course is created on blockchain and is therefore non-corruptable & hackable which will comprise of the total amount sold in the IEO and the generated by system on the go and we can not create anything more than is hardcoded in the smart contracts which will be created
the idea is that you can also create contracts with other players and contract them to do pretty much anything in-game
so that you can hire them to go get materials for you, kill this player, bodyguard this VIP, be a driver for a day, advertise your wares, just whatever you can think of really and when the job is fulfilled the escrow gets released, simple.
You can also do direct trades and use the global marketplace as well, and the idea is that you will also be able to
buy apartments or houses and furnish them with nice things and decorate them as you want as well as vehicles
after we see how much will be sold in the IEO then we can adjust the number of the smart contract on how much realistically the rewards for each aspect of the game will be and the prices for items and decide how much everything should pay out and things like that, it is impossible to decide before the IEO because then we can't create a real and viable economy without having the math behind it in the first place and we can only get that when the IEO is finished.

Then there is the claim land system, that is to be so that players can claim an amount of land in no-mans land
and build on it as he sees fit and with that function and the deed will be kept on the blockchain as well, the land is buildable and we also want to make it so that it will be rentable out to other players, so for example if you got a nice land and many segments together in a really good spot and you build on it and then you rent out your piece of the land then you will be able to collect some crypto from that investment you have already made by either claiming the land or purchasing the land from other players and then building on it, now lands will be split up in these kinda increments and players can only claim a set amount of lands and there will be a limit on how many lands you can claim and a higher limit on how many lands you can own so if you claim some really good land, earn profit, then you could easily re-invest into buying more land even if you have claimed all the lands you can clam
now no-man's land will be where the resources are found and where the action is at its peak, and this is where players will spawn, to begin with, but also parts of it will be where you will find missions and the best resources, there will be zones which will be less dangerous and other zones which will be highly dangerous and should not even be considered to enter without high-end gear, no man's land will be HUGE and the center of it will be a massive abandoned city

now to the even further future, we also want to make a starport inside the future city which yet again will be able to be ownable by players and based on stocks, and with this starport, players will be able to buy themselves fares to other planets but we also see that players will be able to buy slots from the starport on spaceships that will transport players, players will need to buy tickets to travel to other planets and that will be a part of the ecosystem, yet again profits are shared between stockholders, some planets will charge you a fee for entering the planet.
now we also want to make it possible so that players can buy special colonizing ships and fly out themselves to space and try to find colonizable planets in a procedurally generated space with a ton of planets, suns and solar systems that will have a very small chance of being colonizable, but we will create a number of planets to be "planted" inside this procedural generated space and planets etc, which we reckon will have more than 10.000 solar systems and more than 100.000 planets, now after you colonize a planet that means you own that planet and every bit of land on that planet, you can do as you please with that land, build on it, rent it, sell it, whatever you want, the planets will have different resources on them and some will be filled with rare materials that could make you crypto-rich, now and of course you and other players can go to these planets and explore them after they are colonized or make them your home.

Between no man's land and future city, there will be a ferry that goes between the lands, but you will never get past border security at Future city unless you have valid citizenship, you can buy one illegally on the black market in no man's land and get it infused with your chip, otherwise if you somehow would be found walking around in Future city without a citizenship then Autobots would probably shoot you down at sight.

Now we want the city to be free roam and open world, as well as no man's land, as free as possible and as sandbox as possible as well, but Future city will not be sandbox / buildable but will be free roam and open world.

You will be able to form corporations in the game as well, corporations can also own land and businesses and planets, and they will be stock-based.

Now the biggest challenges we will be facing is making the system in the beginning so that all the additional addons in the future will be easily integrated with the already existing smart contracts and systems that will be created in the beginning, so we will have that to think on before we actually make the entire blockchain-based economy ecosystem and will need many experts in the field of finance and software development to think all of the ecosystems through in it's whole even though that the game and game world will be gradually created and added to.

But other than that then we see it as smooth sailing