GeoMarket

Understanding the system. How does it work? Terms and Conditions

What is GeoMarket?

GeoMarket is a dynamic business strategy game that creates a digital market for all global locations. In GeoMarket, you can buy and sell shares for all the locations listed.

The term “locations listed” refers to all the available locations unlocked on the bmy.guide application. To be listed, a location must have an official page on the app and at least one published postcard. Locations include cities, localities, and points of interest.

Every transaction within GeoMarket is conducted using Guide Points.

Each location listed offers a total of 100 Shares for purchase. As a participant, you are limited to acquiring 3 for each available location in your area. Additionally, you can ‘Make an offer’ to other users for their assets, negotiate, and acquire extra shares from locations that may not be initially listed in your area.

Both the value of a location and the value of a share increase each time new users acquire shares from that location. Also, the value of a location increases with each new post published from that location or when new places to eat or places to stay are unlocked.

The shares you own can generate income. In this case, you are required to manually collect it from the Portfolio tab. The Guide Points collected will then be displayed in your ‘Wallet’.

By making strategic and informed investment decisions, you can watch your portfolio grow and generate income. The earned income can be withdrawn in cash through the PayPal withdrawal method, accessible within the Wallet section. Alternatively, you have the option to convert your earnings into Guide Tokens, using the conversion feature found in the Wallet.

How does it work?

GeoMarket works like any other financial market — driven by supply and demand. Investors can gain or lose Guide Points based on the efficiency of their investments and decisions.

What is the goal?

Your primary objective should be to accumulate as many shares as possible from diverse locations worldwide. The key focus is not only on expanding your portfolio but also on generating income and maximising profits. Try to strategically navigate the market and make informed decisions that contribute to the growth of your shareholdings.

Location value and Share value

For every 10 shares acquired from a location, both the value of the location and the value of each share increase by 10%. Furthermore, the value of a location increases by 1,000 Guide Points for each new post published, and by an additional 1,000 Guide Points for every newly unlocked place to eat or stay from that location.

How to start? How to buy?

To start your journey, ensure you add your location to your profile. Based on the location you have added, you will be presented with a list of available locations in your area. Choose a location that you believe holds profit potential and choose the number of shares you wish to buy (with a maximum limit of 3 shares per location).

Next, click ‘Buy’ on the initial screen, carefully review the confirmation screen, and then confirm your purchase by selecting ‘Buy’ again. Once the acquisition is complete, the asset will become visible in your portfolio within 24 hours. Once it appears, you’ll begin collecting income from your investment.
Players without any VIP badges can make purchases once every 24 hours. VIP Level 1 players can purchase every 10 hours, VIP Level 2 players every 8 hours, VIP Level 3 players every 6 hours, VIP Level 4 players every 4 hours, and VIP Level 5 players every 2 hours.

Fees and Taxes (Green Fee)

A 10% Green Fee is applied to every transaction processed. These fees are then gathered in the National Pot and distributed as income to all shareholders in that country, proportionate to their share percentage.

Income — what is it and how to collect it?

The Income is the quantity of Guide Points your investments produce. It can be found in the Portfolio section on each location card and must be manually collected to be added to your wallet balance.

All Guide Points collected in a country’s National Pot are distributed as ‘Income’ to the country’s shareholders, based on the percentage of their shares.

What are Levels? How do I upgrade?

In GeoMarket, players progress through five levels. The Levels correspond to the VIP levels in the app’s VIP Membership. With each level, you unlock a new geographical area for share purchases and reduce the countdown to your next acquisition.

As a Level 1 player, you can buy shares from locations within a 200km range of your current position. Upon reaching Level 2 and beyond, you unlock the ability to “Make an Offer” to other players, enabling transactions for locations beyond your area.

Similar to the posting schedule, a Level 1 player can make a purchase once every 10 hours. Level 2 players can make purchases every 8 hours, Level 3 players every 6 hours, Level 4 players every 4 hours, and Level 5 players every 2 hours.

Portfolio

The Portfolio serves as the central hub for all your purchased assets. It allows you to track the performance of your investments, enabling you to gather the generated income from each asset.

Dashboard

The Dashboard is your place for all the statistics on your performance as an investor in the GeoMarket. You can monitor your levels and access all submitted or received offers.

Leaderboard

The Leaderboard showcases the top-performing players involved in the game, ranked by the total value of the shares they own. It offers a sorting feature for both global and national ranks. By clicking on a player’s name or profile picture, you can easily visit their Investor profile. The Leaderboard rankings update every 24 hours.

Offers — How to make an offer? How to respond to an offer?

Upon reaching Level 2, you gain the ability to Make Offers for another player’s asset, even if it’s not listed in your available area. There are two methods for making an offer:
1. Visit a player’s profile — Search for the desired location — click on ‘Make an offer.’
2. Open any location page — navigate to Shareholders List — click on a player to make an offer.

To submit an offer:
- Click the ‘Make an offer’ button.
- Specify the number of shares you wish to offer.
- The system will indicate the minimum offer value, inclusive of a 10% green tax.
- Click ‘Make an offer’ to submit it.

Once submitted, the offer is sent to the other player, who has 24 hours to respond. The Guide Points equivalent to the offer are temporarily deducted from your wallet balance until the other player responds.

The recipient of the offer has the choice to accept or deny it within 24 hours:
- If accepted, the asset is added to your portfolio, and you begin earning income immediately.
- If denied, the Guide Points are refunded to your wallet balance.
Additionally, you can initiate contact with a player by sending a message if you wish to negotiate an offer.

Additional Terms and Conditions

Upon becoming a member of GeoMarket, it is essential to comply with and comprehend the following terms and conditions outlined below:

GeoMarket is an interactive business strategy game that creates a digital market for all global locations. Within GeoMarket, participants can engage in buying and selling shares for the listed locations. Trading shares of these locations can result in the accumulation or loss of Guide Points.

To be eligible for GeoMarket membership, it is imperative to satisfy all the specified criteria outlined in this program. Failure to meet these criteria in full, or only partially fulfilling the requirements, will lead to the forfeiture of rewards.

We reserve the right to, at our sole discretion, suspend, terminate, or modify these terms and conditions without prior notice.

These terms are officially published in English, and any translations are provided for convenience only. This implies that you cannot derive any legal rights from translated versions, and only the English version is valid in legal proceedings.

In the unfortunate event of losing access to your account and being unable to recover it, both your assets and any associated rewards will be permanently forfeited.

Who can participate in GeoMarket?
GeoMarket welcomes users with active accounts possessing Guide Points. Those willing to join can acquire Guide Points directly from the app’s Wallet by navigating to the ‘Buy Guide Points’ section.

Additional information:
1. All transactions within GeoMarket are conducted using Guide Points.
2. A 10% green tax is applied on all transactions within GeoMarket. These taxes are collected in the country’s Treasury and subsequently distributed to shareholders proportionally based on the shares they own.
3. Each user is limited to purchasing a maximum of 3 shares for a particular location.
4. It is necessary to manually collect the income generated by the assets you own to add it to your wallet balance.
5. Completed transactions are irreversible.

These terms and conditions constitute an agreement between you and bmy.guide company. If you have any questions or concerns regarding this Program, please don’t hesitate to contact us via email at support@bmy.guide.