Virtual Goods, Real Value
Calypso is a planet in Entropia Universe. All items in Entropia Universe have a guaranteed real-world monetary value (called the Trade Terminal value).
These items are useful for various activities and professions within Entropia, resulting in many items having a market value beyond their base Trade Terminal value. Items can be traded among colonists through the in-game auction, in player-owned shops, and in direct player-to-player (P2P) trades.
Colonists acquire resources, items and services from one another to be able to produce their own goods and services, just as in a real-world economy. These goods and services are then acquired by yet other colonists, who produce their own goods and services. And so on.
Thus, all colonists depend on one another to produce and provide all the things that life on Calypso requires.
Planet Calypso is a virtual world, but the economy is real!
PED - The Currency
Each day, tens of thousands of economic transactions occur between colonists on Calypso. The currency on Planet Calypso, and in Entropia Universe, is the Project Entropia Dollar, commonly referred to as PED. The PED facilitates all of these transactions.
The PED is tied to the US Dollar (USD) at a fixed exchange rate of 10 to 1, guaranteed by MindArk PE AB. Thus, 10 PED equals 1 USD.
How To Get PED
Colonists can earn PED in different ways. From acquiring valuable resources and items through professions such as hunting and mining, or from investments such as land management and resource speculation.
Many activities often require PED to begin with. Hunters need to invest in weapons and armor, while miners need equipment and tools to unearth valuable resources. Entrepreneurs and market traders must have PED to invest.
You can obtain PED in two ways:
- Work for other colonists:
Some New Arrivals choose to perform services for other colonists or collect readily available resources – vibrant sweat, fruit, dung – to earn their first few PED.
- Deposit funds to your Entropia Universe account:
Depositing funds to your Entropia Universe account allows you to greatly accelerate your progress on Planet Calypso. Perhaps you have chosen your future profession? Depositing will allow you to purchase the equipment and skills needed to help your avatar prosper on Calypso.
Gathering vibrant sweat
Vibrant sweat is a resource used in the manufacturing of a substance known as Mind Essence, and is a source of income for many New Arrivals during their first few days on Planet Calypso.
Vibrant sweat is gathered by using the VSE Mk 1 Sweating Tool on any of the hundreds of species of Calypso wildlife. All New Arrivals receive a free Sweating Tool upon avatar creation.
While sweat gathering may help you earn your first PED, be aware that it is also a very time consuming process, and thus may not be desirable as your primary activity on Planet Calypso.
Or perhaps you have found some activity that interests you, such as player-versus-player (PvP) combat or tailoring. Whatever activity or profession you choose to do on Calypso, adding funds to your avatar’s PED card will allow you to enjoy and explore the fascinating virtual environment better, faster, and easier.
To deposit funds into your Entropia Universe account, choose from the options available on the account pages. Deposits can also be made inside Entropia Universe by clicking on the Deposit icon near the top of the screen
Build Value Into Your Avatar
On Planet Calypso, all of the items produced or accumulated by your avatar have a real-world monetary value. Even the skills your avatar acquires can be sold to other colonists at market price.
A deposit into your Entropia Universe account can go a long way if you spend it wisely to further your avatar’s progression. Learn as much as you can about your profession/activity and the Calypso economy in order to figure out how you can get the greatest utility possible out of every PED.
Withdraw funds anytime you want!
Unlike other MMOs and virtual worlds, you can withdraw funds from your avatar to your real world bank account at any point in time.
Begin your journey now!