- Joined
- Feb 7, 2005
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- 5,221
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- Sweden
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- Xaero e-lite Cynque
The last couple of weeks I have read several post in different threads showing there’s a huge confusion around how EU’s economy works. This question has been answered by MindArk before in a Q&A many years ago, but apparently this information has gone lost over the years. So I thought I’d take a few minutes and try to explain the basics as simple as I can.
The confusion is that all real cash that is deposited into PED goes straight into EU’s shared economy, loot pool and MindArk’s assets. Well this is not how it works.
All deposited PED must first turn into player deficit or loss before it goes into loot pool, deed returns or withdraw-able funds.
An example of this would be if you go into a casino and buy $1000 worth of play markers/chips. As long as you have the chips in your pocket and did not lose any of it on a game, it is still yours to withdraw, and it is not counted towards the casinos winnings pool.
It is not until you lose some or all of these markers/chips that they belong to the casinos winning pool and economy.
This is the same with PED. If you deposit $1000 USD (10K PED) they are not accounted for as MindArk assets as long as they are either on your PED card or traded for against items. It is not until some or all of those PED are lost into hunting, crafting, mining or decay as they are added to the loot pool and to the withdraw-able pool.
MindArk always needs to reserve a quite large overhead of the total amount of PED in the “loot pool” for deed payouts and withdrawals. This is also why there’s quite a long withdraw time until you receive your real world cash back after doing a withdrawal.
There’s the basics. Hope this helps to clear up some confusion.
The confusion is that all real cash that is deposited into PED goes straight into EU’s shared economy, loot pool and MindArk’s assets. Well this is not how it works.
All deposited PED must first turn into player deficit or loss before it goes into loot pool, deed returns or withdraw-able funds.
An example of this would be if you go into a casino and buy $1000 worth of play markers/chips. As long as you have the chips in your pocket and did not lose any of it on a game, it is still yours to withdraw, and it is not counted towards the casinos winnings pool.
It is not until you lose some or all of these markers/chips that they belong to the casinos winning pool and economy.
This is the same with PED. If you deposit $1000 USD (10K PED) they are not accounted for as MindArk assets as long as they are either on your PED card or traded for against items. It is not until some or all of those PED are lost into hunting, crafting, mining or decay as they are added to the loot pool and to the withdraw-able pool.
MindArk always needs to reserve a quite large overhead of the total amount of PED in the “loot pool” for deed payouts and withdrawals. This is also why there’s quite a long withdraw time until you receive your real world cash back after doing a withdrawal.
There’s the basics. Hope this helps to clear up some confusion.