Hello, ladies and gentlemen. About a month ago I have opened first ever SkyBlock Bank, which based on a really simple system. I quickly succeed, got clients and everything went great, everyone were happy. However, the problem I couldn't solve is the existence of unstability: while someone was getting 125% profit from depositing 200 diamonds, others were getting nothing, literally. This is why I had to re-think the entire system once again and thanks for the help of xSheicoh (Greetings, fellow comrade!), I came up with the solution of that issue. From now on, our Bank bases on the system of interest, meaning that for every deposited diamond client gains 0.01% interest (THIS SYSTEM ONLY APPLIES TO THE CREATION OF THE BANK RESERVE SERVICE!) I have also implemented the "4 days week", basically it means that client gains interest funds only 4 days a week, however, the new week just like in the normal reality starts every Monday. Now, don't get scared, it is not as bad as you think. If you deposit 200 diamonds (200 diamonds is the limit for deposit! Any other diamonds won't affect the amount of interest funds), your weekly profit will amount 4 diamonds, the monthly profit will amount 16 diamonds, yearly profit is 192 diamonds. The weekly interest amounts 2%. Pretty decent for just giving someone diamonds, huh? I have also completely re-written the Terms and Conditions and excluded all the possible Bank loopholes. For example, our clients no longer gain interest for depositing "rares" and for that case, I have implemented new Service, the Rares Manager. Basically, all the deposited by client "rares" (soap, dragon egg, heads and etc. All illegal rares, according to /warp illegal except for the gravel will not be accepted for deposit!) will be sold by Bank for an advantageous market price for taking only 4 diamonds fee. Creation of this service may also lead to creation of "rares" monopoly on the server, the personal dictature of prices on the server market. I have also applied minor changes in conditions of Bank reserve property confiscation. Now in case of permanent ban on the server, we will automatically confiscate all the property of client-rulebreaker. All previous conditions of confiscation are still valid. Be careful while following the server rules. And that's it. If you want to use one of the bank services, just find me or Sheicoh in-game. If you have any questions, ask them in the comments and I'll try to answer them. Thanks for reading. TL;DR: New system of interest and services were implemented.
So if I deposit less than 200 diamonds I dont get profit? Or some other way of profit other than the .01% interest? Pls explain
Does interest stack up? Lets say I deposit 100 diamonds and get 4 diamonds interest. Does that make me get 104 diamonds' worth of interest the next week?
Anything between 30 and 200 you can deposit. Anything under 30 and above 200 won't give you any interest.
It's simple interest, thus you'll get your interest purely based on the initial revenue. In order to change the interest rate, a new "Principal"/deposit must be made. So easily said, if you put in 100 Diamonds you will always get that interest on the 100 Diamonds but your revenue will always grow from the interest. If you were to put in 120 Diamonds the next week then the interest would be on the 120 Diamonds... if that makes sense.
Is it possible for you to give us a written book, maybe with a code (so it cant be copied) that states how much we deposited and on what date? Also what are your usernames?
So I don't quiiiite understand. I have a few questions :3 Would one get 0.01% of interest every day, for four days of each week? In which case, might as well call it 0.04% each week. Also, any fees when it comes to withdrawal or cancelling of the scheme? How can you guarantee that the rares will be sold? Can you give a fixed price before the rare is transferred? If the price is not met, can there be complaints or refunds?
Yes you can withdraw. What withdrawing does is it lowers your revenue and you get the interest on the amount you have after withdrawal.
Your interest bases on the amout you have deposited. For example, if you deposit 200 diamonds, then your interest will be 2% daily or 4 diamonds. The interest will always base on the amount you have deposited, it won't increase with the increase of property of bank reserve. Interest funds are independent from the amount in the bank reserve. The daily profit is 4 diamonds, the weekly profit is 16 diamonds. I might consider changing % of interest per diamond after the point of depositing 100 diamonds to like 0.005%. No fees apply to withdrawal; fees only apply to the Rares Manager service for selling rares. We're unable to guarantee to sell rare in set time, but we guarantee to sell it. In case if the trading goes bad and we're unable to sell it, we will return the rare to it owner without taking any fees. Yes, you can give fixed price before the rare is transferred. In case if we don't meet price requirements of the client, we will refund the amount of diamonds.
