Krono Are Coming to EverQuest!

Here is all sorts of information about the Krono:

We are excited to announce a new in-game item coming to EverQuest, EverQuest II, and Vanguard: Saga of Heroes – KRONO! Here are some questions and answers to get you familiar with this new object.

Q. What are Krono?

A. Krono are in-game objects that can be redeemed for 30 days of membership time in the following SOE games:  EverQuest, EverQuest II, and Vanguard: Saga of Heroes. They are sold in the marketplace for real money only, or they may be purchased from other players via the broker or private trade for in-game currency.  Players may not, however, sell Krono to each other for real world money.

Q. What can you do with them?

A. You can buy them from SOE using real money, buy them from other players using in-game currency, gift them, sell them to other players for in-game currency, trade them to other players for other in-game items, and consume them. If you consume a Krono, it is removed from your inventory and 30 days of game membership time is added to the account associated with the character that consumed it.

(More after the jump...)

Q. How can I acquire them?

A. You can buy a new Krono from SOE for US $17.99 or less. Players can also gift Krono to other players, trade them, and sell them for in-game currency.

Q. Wait, does that mean I'm getting a membership for free?

A.  It depends.  All Krono are initially purchased from SOE using real world money.  After a Krono is purchased, it may be freely gifted, traded, or sold for in-game currency to other players.  If another player gifts a Krono to you, then yes, you are effectively getting an item for free that can be redeemed for 30 days of game membership time.  However, somebody previously paid real world money for that Krono.

Q: Why would I buy a Krono?

A: There are many reasons to buy Krono.  For example, if you're a veteran player with a lot of in-game currency, but not a lot to spend it on, you can use that extra currency to buy Krono from other players and turn it into game membership time. Alternatively, if you're a player without much in-game currency and can't buy things on the broker because prices are too high, you can consider buying Krono and selling them to other players to build up your in-game currency.  You can also treat Krono as in-game commodities, and build up your in-game currency by buying and selling them on the broker for a profit.

Q. Does this replace any existing payment methods?

A. No. Krono are not a payment method.  They are in-game items that can be purchased from SOE for US $.  The introduction of Krono into the games will not replace any existing methods for buying game membership time. 

Q. Can I trade them between characters?

A. Yes, they may be transferred and traded between characters using the trading window, shared bank slots, and in-game mail.

Q. How can I sell them for in-game currency?

A. Depending on which game you are playing, you can trade them in person to another player, post them for sale on the broker, advertise them in chat channels, sell them in the bazaar, etc.  Please note, however, that players may not sell Krono for real world money.

Q. Do they expire?

A. No, Krono do not expire.

Q. Is this a permanent part of the game?

A. Not yet.  Initially, we will release Krono as a trial program. We will watch to see how they are embraced and used. If the trial is successful, we will continue the program and roll them out to new games.

Q. Are Krono transferable between games?

A. No. Once a Krono has entered a game, it is now a part of that game and cannot be moved to a different game. However, prior to claiming a Krono in a participating game you can choose which game to apply your Krono.

Q. Are they refundable?

A. No.

Q. Do Krono work for game memberships as well as All Access memberships?

A. Yes. When a Krono is consumed, it will add 30 days of game membership time to the account associated with the character that consumed it.  If that account has an existing All Access membership, the All Access membership will be extended by 30 days.  If the account has a regular game membership, that membership will be extended by 30 days.  If the account has no current membership, then 30 days of regular game membership time will be added to the account.   

Q. How exactly does the Krono work?

A. You consume the Krono much like you would drink a potion.

Q. Is there a limit to how many Krono I can purchase each day?

A. You can purchase up to 25 Krono per day – either all at once or in separate transactions.

Comments

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Station Cash
# Oct 21 2012 at 1:39 AM Rating: Decent
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25 posts
Will we be able to buy Station Cash with Krono? Some people who are Platinum rich and cash poor may want to have the option to buy in game items instead of a month subscription.
hm
# Oct 20 2012 at 7:05 PM Rating: Decent
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95 posts
All Access membership AND regular game membership.... this isn't going to go over well sony, either people will find a way to rip you off or well, ya.. that's prty much it.. have fun tring to figure out what price tag to add to these things. AAM and RGM have different prices. why would someone willing pay MORE then a basic membership for another basic membership month of play? everyone change your accounts to all access and get your reduced price here!.. (/sigh) there goes another massive hit to the in-game economy. Gratz Sony! your future plans will just make things worse.
Restores ability to help
# Oct 19 2012 at 6:04 PM Rating: Decent
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86 posts
There have been occasions when I wanted to pay for an in-game friend's subscription time, directly to game management. While this once was possible, some time ago, that ability was withdrawn. This option almost restores that ability.
Jusy sayin'
# Oct 19 2012 at 3:13 PM Rating: Decent
12 posts
don't know if the Krono are a good idea or not, but sure would be nice if they were purchaseable by loyalty tokens as well. Since the only way to get those is to be paying real cash, would be great to get a reward that way.
Krono
# Oct 19 2012 at 2:40 PM Rating: Excellent

Heh and I remember when people castigated CCP for introducing PLEX to EVE. All of a sudden now, everyone's looking for a way to copy them. Problem is, this just isn't much of a deal at all. $17.99 for what amounts to an item with a real value of $14.99 (one month of gameplay) unless you have an All Access sub just doesn't add up. With the ease at which getting a prepaid & rechargeable debit card is now (heck, even American Express has one!), the whole "I don't have a credit card" line doesn't even fit anymore. But I guess the $3.00 difference is to either encourage All Access subs or a tax to pay for the convenience of being able to sell these things ingame.

I honestly don't see these things catching on since I don't think the ingame value will come close to the typical rates RMTers charge for plat. I think cash rich-time poor people tend to gravitate to the newest games (time rich folks form more of an attachment to their characters due to the time spent developing them. Time not required in newer games where you can shoot to the level cap playing casually, within the free/first month) so I don't know if there will be enough of them here to make the trial successful.
____________________________
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Krono
# Oct 20 2012 at 9:31 AM Rating: Decent
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264 posts
Remianen wrote:

With the ease at which getting a prepaid & rechargeable debit card is now (heck, even American Express has one!), the whole "I don't have a credit card" line doesn't even fit anymore. But I guess the $3.00 difference is to either encourage All Access subs or a tax to pay for the convenience of being able to sell these things ingame.



"How Much Does [a pre-paid credit card] Cost?

Prepaid credit cards come with a lot of fees. For example, the Account Now Prepaid Mastercard, has a activation fee of $9.95, a monthly transaction fee as high as $9.95, up to $4.95 to reload money onto the card, $1 fee for making PIN purchases, $1 fee to check your balance at an ATM, $2 fee to talk to a customer service representative, and a $2 fee to withdraw money from an ATM (in addition to the ATM’s fees). Each time you incur a fee, it comes from your balance, giving you less money to spend."

Source: http://credit.about.com/od/creditcardbasics/a/prepaidcard.htm

Ease =/= cheap. The "I don't have a credit card line" still fits absolutely perfectly; you're throwing money down the drain and get virtually nothing but convenience (and not much of it, at that) in return.

Not disputing the rest of your post, time will tell us about that. However, there already is a game-sub market on Firiona Vie. You want 30 days? An easy 350k-450k will get you a card. (Have purchased cards for as low as 175k before, from a guildie. Plat is super easy to farm on FV, a few hours of work will get you 100k without even trying and with no more than average luck.) There are constant ads in FV baz for them, one day there will be spam for people selling them, the next will be spam for various people buying them... definitely a (healthy) market for them.
Krono
# Jan 16 2013 at 9:18 PM Rating: Decent
They are trying to cut back on Walmart game cards being sold in game for PP. They want a piece of that action. It is still cheaper to buy the walmart card online and turn around and sell it in game in 5 mins for 175,000 pp than it is to spend $2 more for a krono. If anything it is going to drive down the market value of a 30 day card that normally goes for 175K
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