I haven't heard about the scheme yet but the way you describe it is very interesting and we can earn money by playing it so I will definitely start playing it soon. Because a person has to put money first and buy some things or that's how a person starts playing.
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I would not go into this gaming thinking you can turn a profit. That is quite hard to do. Some do most do not not.
It is a real cash economy game. So everything just about costs money to do from hunting to crafting and mining.
I have quite a lot of content on this game going over many different aspects of it.