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The BANK module 1.0 |

Published in Slovenia - Financial analysis - 36 - 09 May 20 01:38

THE BANK MODULE


I have written idea about the bank module some time ago when there was still an old administration running the game. I do not need to stress out again why i did not publish the idea.


Our neighbour Croatian fellow encouraged me to tweak the thing a little and publish it

He wrote that article: BANK OF CROATIA The problem here is i can not see how this bank will get gold to pay interest back to players - which my idea would cover.


It is just an idea, i appeal to noone that it has to be implemented. If there is a lot of interest, more measures can be made


So here is the idea a little bit more detailed - read carefuly


1. a BANK would be added to each country among economy, judge, politics page:
https://media.discordapp.net/attachments/703905788883763263/708583687188512798/unknown.png

Country governor would be the head of the bank obviously as he has a way with countries finances.


2. In BANK SECTION, a player from that country OR even foreign country could apply for A LOAN.

So, every loan needs:

A. INTEREST RATE - interest rate in that country could be set by a law - a governor would propose a law and congressmen would vote for it. Interest rate can be weekly/monthly, whatever can be discussed.
B. TIME IN WHICH LOAN MUST BE REPAYED - some LOAN CONTRACT that governor sends to a player - the contract like we have for trading goods.
C. INSURANCE obviously - player can not just take any loan he wants. The loan taken must be insured! It could be insured either by products that player has in his warehouse or either by mortgage on his factories - so insurance with stuff player owns.


Example: Player A want to take a loan of 200g from his country. He finds out that for example Colombia has a very good interest rate set. Only 1%. Player A also has 10k air q5 in possesion and Q5 factory air which is worth 700g new.

Option 1. Player does not want mortgage on his factory, he will insure the loan with 10k Q5 air in his hangar which lets say is worth around 200g for this example and covers the amount of gold. Of course player can sell air and get 200g or more. BUT IF HE NEEDS AIR LATER HE DOES NOT NEED TO SELL THIS WAY! Until the loan is not repayed in full, he can not use that air, neither can he sell it. If he does not repay the loan in time a proportional amount of air will be transfered to country storage to repay debt. Example - player owes 100g and time is up. 5000 air q5 (because half loan is 100g and that represents 5000 air in insurance) is transfered to country storage and loan is repayed that way.

Option 2. Player takes mortgage on his Q5 factory. Meanwhile he can not sell the factory, but can produce in it normally. If he does not repay the loan in time agreed in contract, the factory will be LOCKED. That means player can not use it until he pays the mortgage! After payment done, the gold needed to repay debt goes to BANK and factory is UNLOCKED.


Of course, PLAYER will have to think before getting a loan, just like in real life. Is he capable to insure it? Will he be able to repay it?


And then of course THE GOVERNOR will have to think carefully whether to accept the loan for the player or not. A GUVERNER will have power to accept it or decline it if player can not offer insurance. Obviously loan of 1000g can not be insured with q3 food factory only. The amount insured must be equal to amount loaned. Its either up to governer to decide it or even better by admin when making module so it can not be exploited.


SO THE LOAN CONTRACT - best to explain with example

Player will propose to governer of the country to loan 500g and will insure it with q5 air factory ID4392 (player chooses the factory) he can repay debt in 30 days. So governor gets some kind of message in his bank section saying. Player A applied for a loan of 500g and can insure it with q5 air factory, loan will be repayed in 30 days.
The governor now thinks everything through and he can decline the proposal right away if he finds it lousy. If he chooses to accept it, he will send to player the contract proposal. So, 500g of loan, the factory with ID4392 for insurance, 30 days to repay, 1% interest as stated by the country law, total amount to repay 505g.
A new message is sent to player with finaly contract made by governor. The player will now accept or decline. Then everything runs.

There could also be option to repay the loan right away. Repay 30g... then 100g.. then the rest as the gold comes. Whatever. Make it simple or make it more complicated. That is in admins hands.

The idea does not make gold from a thin air. Simply the gold already present in game will circulate more and player will have new options.

THERE COULD ALSO BE CONTRACTS TO LOAN FACTORIES TO OTHER PLAYERS. FOR EXAMPLE IN MY ORG I CAN NOT USE ALL FACTORIES BECAUSE I LACK WORKERS. THROUGH HELP OF BANCK, I COULD RENT MY Q5 AIR FACTORY TO SOME OTHER PLAYER FOR 30 DAYS. HE WOULD PAY ME LETS SAY 20g FOR RENT AND USE IT.

AND BACK TO THE IDEA OF CROATIAN FELLOW. THE SAME WAY THE LOAN GOES, THE INVESTMENT INTO BANK WOULD GO, THROUGH GOVERNOR CONTRACT AND ALL DETAILS. COUNTRY GETS GOLD AND HAS WAY OF PAYING INTEREST - SOME INTERES WOULD BE MADE BY GIVING LOANS TO PLAYERS!


Vote, Support, add more ideas in comments, perhaps admin will see it through and make the module accordingly to all ideas and more tweaks to it. It definetely would give mroe fun to game.

Support

salinhosalinhosalinhosalinhoeditZakonPravicalyonnetdn3080dn3080dn3080kosmatkaBorci8ThylenOurGreenRentalsaljaz123InariusOlimpijalancerboskooboskooboskooboskoo

Comments (36)

09 May 20 01:41
salinho

tako je o7

09 May 20 01:44
edit

o7

09 May 20 01:52
BOZ KURT

The big question is: To whom will give loans?? If a Multi asks for a load and then disappears what will happen?? If someone is unable to pay his loan what will happen??

09 May 20 01:54
Macolar

@Nikitaras that is why the insurance must be in place. Player must insure the loan with his possesions or factories. It is written. Governor decides whether to give loan or not. Player must offer insurance equal to amount loaned. So multi wants 500g? And has no factories at all? Governor will decline the loan, because it is high probability it will not be repayed.

09 May 20 01:54
Muca

o7

09 May 20 02:23
spage

make edom great again

09 May 20 02:23
TheGambler

Great idea, I think for insurance except factories, we can use TG, ability, strategic buildings, in case if someone if unable to pay his load, game will degrade his TG, ability, strategic buildings with -10% of upgrade price until he makes golds of his load and it will be paid automatically

09 May 20 02:45
Takamori Pasha

kahkaha tufanı

09 May 20 03:04
boskoo

o7

09 May 20 03:06
The Croatia Bank

Thank you for visit my BANK :D ;)

09 May 20 03:08
El Greco

The idea of stock market would be better

09 May 20 03:10
Lord Bloodraven

Great idea, banking system would really make economic module of game, more interesting.

09 May 20 03:25
Agui

Why doing something so complicate while states can just loan money directly to citizens (with no interest), it worked for years so I dont really think its really usefull. Also I agree with you about the bank of Croatia, interest or way too high

09 May 20 03:57
mBISON1

G

09 May 20 04:28
The Croatia Bank

https://www.edominations.com/en/article/14507

09 May 20 04:31
Thylen

The best newspaper in town is back;)

09 May 20 04:45
Murkoff

Postoji jedna jedina prava banka i to je naša Hrvatska banka, strane banke ne priznajemo xD

09 May 20 04:55
OurGreenRentals

Odlicna ideja!

09 May 20 07:33
Tomazs

o7

09 May 20 07:34
Great Optimus Prime

o7

09 May 20 10:33
Rome2

o7

09 May 20 10:48
taurus

o7

09 May 20 10:53
dn3080

o7

09 May 20 12:23
kyllingen

o7

09 May 20 18:48
Inarius

Great article o7

10 May 20 00:13
The Croatia Bank

You build a Bank for yourself, then run, mine does business with +

10 May 20 01:47
Olimpija

o7

10 May 20 01:56
lancer

o7

10 May 20 03:20
udinlegug

o7

10 May 20 05:28
MAXPE

o7

10 May 20 05:52
AcurAbi

V

10 May 20 06:04
AHRYMAN

GOOD , But This is an interesting idea and there is only one problem that has not been addressed: The problem is that if the borrower gets a loan for any reason, the unpaid amount of the loan will be practically lost. Unless the game administrator cooperates and withdraws the remaining loan amount from the players account and returns it to the lending bank. Of course, I apologize to the author of the article for not being able to read the whole article because it was so long. Paul Setayesh from Iran

10 May 20 06:08
AHRYMAN

Sorry: Part of the post has been deleted. It meant an account that was BANed.

10 May 20 06:28
The Croatia Bank

no its not baned,i change name to The Bank Croatia ;) and everything is legal ;)

10 May 20 08:29
fuegox

Well we have 2 options here. 1- Make a module bank, (owned by orgs and u can set up this org as banker), so people could ask for loans/deposit in a new webpage in your CT. Of course, to operate this we could get as example military ranks for % damage and daily cost gold. We could increase rank paying gold to get more options to have more accounts for example or more daily limit gold / interest options rate or similar like this. Ofcourse, a new tax could be added for CT for this orgs, which could be splitted to % to CT % To the game, to withdraw golds, more equal. Or if not, add a stock market option would be greater, more options than a banks module itself.

14 May 20 11:48
KuhaR

uff dost nice ideja