Starting on December 1, 2017, the first phase of Space purchase price corrections began all over the Spheroid Universe augmented reality map, with Spaces' location and monetization potential factored in.
During the beginning phase Space prices range from $1 to $10 depending on the country, up to $20 in the cities, up to $40 in specific city districts, and up to $80 in the most popular spots.
For example, the minimal price of one 50mx50m Space in Great Britain, Singapore, the USA and Japan is currently equal to $10, in Australia, Germany, Canada, UAE, South Korea - $7.5, in Armenia, Spain, Italy, China, Russia, Chile - $5, in Brazil, Egypt, Vietnam - $2.5, going as low as $1 in African countries.
Country-specific Space price averages will be valid in the majority of cities and world capitals. With each day, countries and cities will be zoned in a more detailed fashion. For example, starting on December 2, 2017 the price of 1 Space in Netherlands, including central Amsterdam, will be equal to $7.5, but in the very near future the price of 1 Space in Amsterdam will go up to $15, and in central Amsterdam – up to $30.
In the future, we plan to implement a smart price adjustment system, which will modify prices depending on the transactions with nearby spaces, leading to a uniform increase in price as they approach the areas of greater local demand. Such areas may coincide with significant cultural event spots, upcoming sporting events, popular tourist destinations, business districts and business and shopping centers under construction.
The launch of the secondary Space marketplace will allow users to manage their own Spaces and determine the sale/purchase price. The secondary Space marketplace mechanics are currently being developed, and will become available to users in approximately 1-2 months.