John DaBad Quid
Mature
- Joined
- Apr 13, 2013
- Posts
- 28
Total amount of sweat bought to date: 77K
Current price for 1 million ME is 134.30
Purpose of the initiative:
To assist new players and sweat gatherers by stabilizing sweat price at 2.5PED per 1K of sweat with possible further increase in the future. Enhancing new players experience by giving them more means to fund their other in game activities.
Means:
For this project personal deposit will be used.
How does it work?
Phase 1:
I will be buying sweat at fixed price of 2.5PED per 1K of sweat at popular sweating areas and trading hubs. In the initial phase of the project daily allowance per avatar will be 2K of sweat. I will be registering each seller to exclude multiple sale attempts by the same character. Why 2K? I want to offer this opportunity to as many new players and sweaters as possible and will not be buying large stacks from single or group of individuals.
Update: for the time being I have decided to buy 1K per person simply to make more ppl happier and to affect more players this way. When project gets more pace and volume I will increase amount of sweat per avatar.
Trading journal will be updated daily with names of all sellers to ensure clarity of the project.
Phase 2:
After reaching target amount I will start buying Force Nexus at Twin Peaks trade hub for a 107% markup and at the same time selling sweat for 2.5PED/K. Why 107%? Based on my calculations this is optimal price I can buy it for in order to break even after refining sweat and nexus to mind essence and selling it at AH for competitive price. I will be selling ME in 1KK (1000000) lots to make it easier to keep track. Below are my calculations:
1K Sweat (2.5 PED) + 1K Force Nexus (10.7 PED) = 100K Mind Essence (10 PED Trade Terminal value) with production cost of 13.2PED + 0.23PED refiner cost (using T 104). Total cost for 100K of ME comes to 13.43 PED that is without AH fees which I will try to avoid by selling directly.
Total production costs for 1 000 000 ME (TT value = 100 PED) then comes to 134.30 PED and that will be fixed sale price, which is below average current markup.
Note that 1K of sweat and 1K of nexus actually produce 100100 ME, which comes to 10.01 TT value, so rest assured that that 0.01 PEC eventually will be added to the project budget. Hm in order to make 1 PED from that I will have to sell 100 mil of ME. WOW that is a big target and great profit
Do the math how much money i will be making I do not have exact amount of AH tax and how much it would cost to refine 1KK of ME but will update formula after finding out. After selling ME I will rinse and repeat.
How much sweat and how often you planning to buy?
Well initial project funds consist of roughly 400PED, meaning that i will be able to buy up to 30K of sweat and force nexus and will repeat the process after selling ME or sweat itself to interested buyers if any. I will continue playing while running this project and will add funds as I make them from my usual activities. However I want to point out time and again, I have no intention of profiting from this project and will do everything in my power to make it as public and open as I possibly can. All transactions, trades, deals and participants will be listed for any possible references.
So how much will I be making?
0 profit, yep absolute zero. Might even loose on refining costs and if noone will buy ME.
Then why the hell do it?
If you ask this question, your time to understand has not yet come And on the serious side because I want to try and I can at least try to enhance experience for new starters and sweaters alike offering them more for their hard work. This is strictly non profit social project.
So what do you need from community?
Well I need 3 things:
First: If any players are interested in supporting the project and have force nexus to sell or know who mines it and would be willing to sell it to me for ME production for 105% MU, it would greatly speed up the process and I would be able to buy more sweat from players for 2.5PED/K. Please note, I am not trying to buy it for TT price since everyone has the right to make their living, but if someone will be willing to sell it for tt price, all income will be added to project budget thus increasing amount of sweat i will be able to buy. Otherwise i will be buying Nexus at Twin Peaks whenever i have time to stand and shout
Second:
Any ME users and crafters who use sweat in their manufacturing process and would be buying ME or sweat for given fixed price of 2.5PED/K would help to stimulate the project. If any big buyers will be willing to buy large quantities of sweat I will be glad to sell it for the same fixed price of 2.5PED/K.
Third:
Your sweat boys and girls when you hear my announcement in the trade channel, do not be shy to come and get more bang for your buck.
I am not and will not ask for any money from anyone, please do not try to contact me with any devious scam schemes of yours if you have any, I will repeat myself, this is not a profit project, but social one and how successful it is be will depend on our community. It will be funded from my own pocket so you have nothing to loose . If it doesn't work, at least i will break even and will carry on with normal game play, again nobody looses out.
Please leave your comments, remarks and questions below and I will try to answer them.
Regards,
John DaBad Quid
Current price for 1 million ME is 134.30
Purpose of the initiative:
To assist new players and sweat gatherers by stabilizing sweat price at 2.5PED per 1K of sweat with possible further increase in the future. Enhancing new players experience by giving them more means to fund their other in game activities.
Means:
For this project personal deposit will be used.
How does it work?
Phase 1:
I will be buying sweat at fixed price of 2.5PED per 1K of sweat at popular sweating areas and trading hubs. In the initial phase of the project daily allowance per avatar will be 2K of sweat. I will be registering each seller to exclude multiple sale attempts by the same character. Why 2K? I want to offer this opportunity to as many new players and sweaters as possible and will not be buying large stacks from single or group of individuals.
Update: for the time being I have decided to buy 1K per person simply to make more ppl happier and to affect more players this way. When project gets more pace and volume I will increase amount of sweat per avatar.
Trading journal will be updated daily with names of all sellers to ensure clarity of the project.
Phase 2:
After reaching target amount I will start buying Force Nexus at Twin Peaks trade hub for a 107% markup and at the same time selling sweat for 2.5PED/K. Why 107%? Based on my calculations this is optimal price I can buy it for in order to break even after refining sweat and nexus to mind essence and selling it at AH for competitive price. I will be selling ME in 1KK (1000000) lots to make it easier to keep track. Below are my calculations:
1K Sweat (2.5 PED) + 1K Force Nexus (10.7 PED) = 100K Mind Essence (10 PED Trade Terminal value) with production cost of 13.2PED + 0.23PED refiner cost (using T 104). Total cost for 100K of ME comes to 13.43 PED that is without AH fees which I will try to avoid by selling directly.
Total production costs for 1 000 000 ME (TT value = 100 PED) then comes to 134.30 PED and that will be fixed sale price, which is below average current markup.
Note that 1K of sweat and 1K of nexus actually produce 100100 ME, which comes to 10.01 TT value, so rest assured that that 0.01 PEC eventually will be added to the project budget. Hm in order to make 1 PED from that I will have to sell 100 mil of ME. WOW that is a big target and great profit
Do the math how much money i will be making I do not have exact amount of AH tax and how much it would cost to refine 1KK of ME but will update formula after finding out. After selling ME I will rinse and repeat.
How much sweat and how often you planning to buy?
Well initial project funds consist of roughly 400PED, meaning that i will be able to buy up to 30K of sweat and force nexus and will repeat the process after selling ME or sweat itself to interested buyers if any. I will continue playing while running this project and will add funds as I make them from my usual activities. However I want to point out time and again, I have no intention of profiting from this project and will do everything in my power to make it as public and open as I possibly can. All transactions, trades, deals and participants will be listed for any possible references.
So how much will I be making?
0 profit, yep absolute zero. Might even loose on refining costs and if noone will buy ME.
Then why the hell do it?
If you ask this question, your time to understand has not yet come And on the serious side because I want to try and I can at least try to enhance experience for new starters and sweaters alike offering them more for their hard work. This is strictly non profit social project.
So what do you need from community?
Well I need 3 things:
First: If any players are interested in supporting the project and have force nexus to sell or know who mines it and would be willing to sell it to me for ME production for 105% MU, it would greatly speed up the process and I would be able to buy more sweat from players for 2.5PED/K. Please note, I am not trying to buy it for TT price since everyone has the right to make their living, but if someone will be willing to sell it for tt price, all income will be added to project budget thus increasing amount of sweat i will be able to buy. Otherwise i will be buying Nexus at Twin Peaks whenever i have time to stand and shout
Second:
Any ME users and crafters who use sweat in their manufacturing process and would be buying ME or sweat for given fixed price of 2.5PED/K would help to stimulate the project. If any big buyers will be willing to buy large quantities of sweat I will be glad to sell it for the same fixed price of 2.5PED/K.
Third:
Your sweat boys and girls when you hear my announcement in the trade channel, do not be shy to come and get more bang for your buck.
I am not and will not ask for any money from anyone, please do not try to contact me with any devious scam schemes of yours if you have any, I will repeat myself, this is not a profit project, but social one and how successful it is be will depend on our community. It will be funded from my own pocket so you have nothing to loose . If it doesn't work, at least i will break even and will carry on with normal game play, again nobody looses out.
Please leave your comments, remarks and questions below and I will try to answer them.
Regards,
John DaBad Quid
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