We will soon open the option of "FOC" Foreign Owned Corporation account.
Why do you have need for that? Who pays that 0.1 XMR/week?
TL;DR: FOC is for people who are not interesting in playing a online role-playing game (MMORPG).
We offer free-to-play, and since all our things have a monereto value, can be sold and withdrawn, it is obvious that the business model can not work on free players alone (it costs to maintain them and they gain money and withdraw it).
To compensate for this drain, we have hooks that try to get people hooked to deposit. Depositing is good for the character as instead of living on subsistence level for weeks-on-end, he can become a middle class, a noble, or a tycoon. Depositing is good for the game economy because it increases the quantity of currency in circulation (this is 100% backed by XMR in a publicly viewable treasury). The aggregate value of all the ingame items has been observed to be about 15-20x that of the circulating currency, so the wealth effect from increasing money supply is great.
The need of FOC is for people who lean more towards wealth management and do not care about character management (health, skills, social) etc. It allows an account whose value is solely determined by the assets owned by the account (such as an online exchange account, unlike a role-playing account). As 90-99% of all free-to-play accounts do not see play beyond the initial weeks, we need to sweep and erase them from the system, which happens so that the character dies, and then has a period before sweep and erase. FOC, on the other hand, is an investment account, does not die, and cannot be closed nor swept by the system.
To differentiate our game from various online services and ensure that the majority of our players are player characters, there is a 50 XMR upfront cost to open a FOC.
The 0.1 XMR/week that the CON item pays, comes from the Town, the ingame "game corporation" account of CK. The risk is solely related to the continuation of CK the Game. If the Town cannot pay, the default triggers liquidation and all the CKG becomes worthless in the process (currently valued at 820,000 XMR). This is because CON is Town debt liability and CKG is a share of its equity. At the moment about 5% of public income goes to servicing debt.
Can a character be converted to a FOC account? When will the FOC option open?
I'm interested to know also. FOC might appeal to more 'players' than just those interested in the game itself (which is still very interesting)
