Xanato Xan Kaso
Stalker
- Joined
- Oct 3, 2017
- Posts
- 1,635
- Location
- Florida
- Society
- The Frozen Flame
- Avatar Name
- Xanato Xan Kaso
Hi there, some of you may know me some of you may not. I have been running my rental service and investment fund for the last 5 years, with this being the funds 3rd year. I want to create a new fund around TWEN tokens and items to work together and accomplish more as a group than as we could as individuals. A lot of us do not have the time or money to grind or bot enough tokens to pull items from the vendor. However if a bunch of us pool resources we could.
On this thread I would like constructive feedback on how to build and manage the new fund I created. Right now it is simply invest tokens, pull items, .... Profit. But some people pointed out that it might be better to rent them and keep them in the fund for the players to use instead of them going into the hands of an uber and never getting to touch the weapon. To make this work will require a lot of people coming together so I want to make sure I do it right.
You can see what it currently says behind the spoiler. I put it that way so im not taking up a lot of space with what is already written elsewhere.
What do you think? How can I make this better? Please keep feedback constructive. No flaming/trolling/off-topic posts.
UPDATE: So I decided to split it into two funds, players that wish to invest long-term and keep items for rentals and dividends, and players that just want to pool tokens for quick sales. I updated the spoiler section to reflect the changes on the thread in the services section. I also go it a new url of tinyurl.com/TWENTOKENFUND. Please read the new setup and make suggestions or if you see a possible problem let me know!
On this thread I would like constructive feedback on how to build and manage the new fund I created. Right now it is simply invest tokens, pull items, .... Profit. But some people pointed out that it might be better to rent them and keep them in the fund for the players to use instead of them going into the hands of an uber and never getting to touch the weapon. To make this work will require a lot of people coming together so I want to make sure I do it right.
You can see what it currently says behind the spoiler. I put it that way so im not taking up a lot of space with what is already written elsewhere.
Grinding TWEN tokens hoping to get enough for an item before they are all gone? Or just tired of selling them to traders/ubers and watching them reap all the profits? Well here is a chance for us casual or mid-level players to band together and level the playing field.
How it works.
Players trade me their TWEN Tokens and it is inputted on a google spreadsheet that investors with 1000 or more tokens can see. As a player acquires more tokens and trades them to me I continue to tally them up.
There are two options, you make a long-term investment to pull TWEN items for renting out, or a short term investment where I just pull an item once I have a buyer and sell it.
If you chose a long-term investment once I have enough tokens for the desired item I pull it the item is now owned by all long-term token investors according to the % of their tokens to total tokens in the long-term fund. Then the process repeats. Players invest more tokens I pull another item it gets added to the list of TWEN items owned by the fund for rentals. Rinse and repeat.
If you pick a short-term investment I will put the items up for sale and once completed the ped from the sales will be split according to players % of ownership using the FIFO(First In First Out) as the method of tracking. If get more tokens than needed to pull the item for sale, the remainder will start the next item's queue.
I will have full discretion on which items to pull and how much they sell for, but I will consult with knowledgeable investors and other players to do my best for the benefit of all who have entrusted their tokens to me. I have the option to receive a commission equal to no more than 5% of total sale value of all items, but no less than 2% managing the short-term TWEN fund.
Once invested, tokens are NOT refundable. If you are depositing them into this endeavor there is no changing your mind, as I can not be about to pull an item and someone decides they want to sell their handful of tokens and then I am unable to purchase said item. IF I end up not using the tokens because we were unable to gather enough, all tokens will then be refunded.
I am not liable for any change in TWEN token value between the time of deposit and the time an item is pulled or sold. I may develop a buyout option for players to sell their token shares to each other.
I would like this to be a fund that owns the items pulled, that way in the future if MindArk releases corporations and our own share systems similar to EVE online as mentioned in the UE5 updates I can convert shares on the google sheets right into the actual game system, but that is only a hope down the road for now. So I am giving players the option for quick sales or long-term investment.
I will flesh out this concept as I get more feedback from players, but I wanted to start it up because there is a race going on, and we have a chance of winning if we work together. Yes you can sell your tokens for a few ped to the traders, but that is only a small part of what the tokens real value is. This gives you an opportunity to get paid that full value.
Please keep responses on topic. CONSTRUCTIVE criticism is appreciated, trolling/flaming is not.
I look forward to hearing your thoughts and ideas and working together for a common goal.
How it works.
Players trade me their TWEN Tokens and it is inputted on a google spreadsheet that investors with 1000 or more tokens can see. As a player acquires more tokens and trades them to me I continue to tally them up.
There are two options, you make a long-term investment to pull TWEN items for renting out, or a short term investment where I just pull an item once I have a buyer and sell it.
If you chose a long-term investment once I have enough tokens for the desired item I pull it the item is now owned by all long-term token investors according to the % of their tokens to total tokens in the long-term fund. Then the process repeats. Players invest more tokens I pull another item it gets added to the list of TWEN items owned by the fund for rentals. Rinse and repeat.
If you pick a short-term investment I will put the items up for sale and once completed the ped from the sales will be split according to players % of ownership using the FIFO(First In First Out) as the method of tracking. If get more tokens than needed to pull the item for sale, the remainder will start the next item's queue.
I will have full discretion on which items to pull and how much they sell for, but I will consult with knowledgeable investors and other players to do my best for the benefit of all who have entrusted their tokens to me. I have the option to receive a commission equal to no more than 5% of total sale value of all items, but no less than 2% managing the short-term TWEN fund.
Once invested, tokens are NOT refundable. If you are depositing them into this endeavor there is no changing your mind, as I can not be about to pull an item and someone decides they want to sell their handful of tokens and then I am unable to purchase said item. IF I end up not using the tokens because we were unable to gather enough, all tokens will then be refunded.
I am not liable for any change in TWEN token value between the time of deposit and the time an item is pulled or sold. I may develop a buyout option for players to sell their token shares to each other.
I would like this to be a fund that owns the items pulled, that way in the future if MindArk releases corporations and our own share systems similar to EVE online as mentioned in the UE5 updates I can convert shares on the google sheets right into the actual game system, but that is only a hope down the road for now. So I am giving players the option for quick sales or long-term investment.
I will flesh out this concept as I get more feedback from players, but I wanted to start it up because there is a race going on, and we have a chance of winning if we work together. Yes you can sell your tokens for a few ped to the traders, but that is only a small part of what the tokens real value is. This gives you an opportunity to get paid that full value.
Please keep responses on topic. CONSTRUCTIVE criticism is appreciated, trolling/flaming is not.
I look forward to hearing your thoughts and ideas and working together for a common goal.
What do you think? How can I make this better? Please keep feedback constructive. No flaming/trolling/off-topic posts.
UPDATE: So I decided to split it into two funds, players that wish to invest long-term and keep items for rentals and dividends, and players that just want to pool tokens for quick sales. I updated the spoiler section to reflect the changes on the thread in the services section. I also go it a new url of tinyurl.com/TWENTOKENFUND. Please read the new setup and make suggestions or if you see a possible problem let me know!
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