If Earth 2 is a scam, it is a darn good one

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What is Earth 2

In a nutshell, Earth 2 is a vision of a game world that builds on the actual earth. Within it, users will be able to buy property, trade land and resources, and potentially monetize their property with real and virtual currency. What the world will actually look like in the future nobody, but the developers, know.

Earth 2 is more than a concept, it is a vibrant community of traders and believers

What it is at the moment, is not what it envisions to be. The only thing Earth 2 currently is, is a trading platform for a virtual good called tiles. A tile is a piece of 10x10 meters of land, mapped on our entire planet earth. You can effectively buy a small piece of land that can be traded with others.

How does buying land and trading work

Buying land is very easy. After logging on to the site, you will be presented with a map of the world, cut up into small 10x10 meter tile pieces of land. You can simply select the tiles that have not been taken (without a flag on them) and pay by paypal to claim your piece of property.

From that point on, the land belongs to you. You get a digital receipt and it is 100% clear that no one will be able to purchase this piece of land anymore.

Another option to acquire land, is to buy land off of someone on the free market. The marketplace, as it is called in the game, provides all users with an overview of the tiles that are up for grabs. When you own a piece of land, you are able to choose whether you would like to let others place a bid for your property, or ask for a fixed price.

The system works well, and even though the marketplace is still somewhat unstructured and a pain to scroll through, you might find some gems.

The various project phases

  1. The first phase: claim your land
  2. The second phase: resources will be released
  3. Third (and potentially final) phase: terrain

The first phase is the one we are in at the moment. As described above, this is the time to purchase your land and trade it to get the best slots. The inventors have stated that it is key to own areas that are: potentially rich of natural resources, have a lot of foot traffic (shopping streets that can be monetized), or densely populated (allowing you to collect „taxes“ from your property)

Yet, it won‘t be clear which resources are important until the second phase of the project is rolled out. Nobody knows whether or not the resources will randomly be spread across the globe. Furthermore, it‘s unclear if it would be better to own infrastructure, or just a lot of land.

FOMO

However, as more tiles are sold, prices rise.

There is great value in being a first mover, a believer in the platform. For the simple reason that most of the land prices will still go up as more is sold. Next to that, the value of your property will rise when tiles in the same country are traded. Once others start to offer their tiles on the marketplace, the value of tiles in that country, go up.

Want to learn how it works, follow me

Want to give it a go? We will both get 5% discount (additional credits) when you use this promotion code: D2AA9CJT9J

Scam or genius idea

Whatever you do, please don‘t invest any money in Earth 2 that you cannot afford to lost. The incremental price increases are a very strong emotional trigger. And you have to keep reminding yourself, that this is a game — and a startup. A lot could go wrong and thousands of people could lose their money if the developers decide to pull the plug and take their earnings home.

This is either crazy and fantastic scam, or an absolutely genius idea. I hope it will be the latter. We have recently started a Facebook Group called: Earth 2 — Switzerland. Join the conversation.

Have a great day, stay healthy and see you on Earth 2.

Remco

Originally published at Remco Livain.

Dutch Digital Entrepreneur. Love to share thoughts on innovation and digitalization (ceo @gandt ventures) - writer @thestartup

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