Failure of ComPet Deeds Project (Short History)
ComPet Deeds were in-game Deeds, similar to AUDs and CLDs - in other words, they were small contracts/shares between MindArk (owners of ComPetGame.com) and players.
: MindArk started selling 200.000 ComPet Deeds to players, initial price was 100 PEDs ($10 USD) / 1 Deed.
May 17th 2016
: ComPet Game entered closed Beta phase...
Any Entropia Universe player who owned at least 1 ComPet Deed received email invitation to become beta tester of App...
Start of closed Beta phase also brought increase in Deeds price - from this moment on, ComPet Deeds could only be purchased inside Entropia Universe Auction House (ComPet Web Shop was closed) and price / Deed was raised from 100 to 120 PEDs.
I owned 7 ComPet Deeds at that moment, so I installed game on my phone and overall impressions after the first 2 days were pretty positive.
There were some minor bugs, but I thought game has big potential if MindArk does good marketing and builds large players base (which they failed to do with Entropia Universe).
In the next few months, game has changed a lot and players whitnessed many improvements... Game really started to look like a nicely polished product.
: ComPet Game left Beta testing phase and was published to Google Play Store and Steam.
: It was said ComPet Deeds will start generating passive revenue for Deed owners starting early January 2017, and revenue would be paid out to deed holders at start of every month.
MindArk said 30% of all profits generated by ComPet Game will be shared with ComPet Deed holders.
Unfortunately, Deed holders haven't received anything for whole year, until February 2018...
April 1st 2018
: Deed holders finally received their first payment: 0.021 PED / ComPet Deed owned (that was horrible to be honest)... 2 more payments were paid in the next 1-2 months (0.015 PED and 0.013 PED per deed in May and June), and then payments stopped for good...
: MindArk announced that they are "suspending any further development or marketing of ComPet", leaving thousands of players who invested money/PEDs into Deeds with considerable loses :(
I bought 22 ComPet Deeds on several occasions (invested close to 2200 PEDs), in the end I ended up selling them all for 560 PEDs... I have lost around 160 US Dollars...
: In mid November 2018 MindArk offered ComPet Deed owners option to trade five ComPet Deeds for two Arkadia Moon Deeds (which was awful)...