- Joined
- Jul 2, 2012
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So, in my private conversation relating to my bank, one of my investors made a suggestion and the only other investor who replied to the thread after this months update (I'm starting to think most of them wouldn't even notice if I stopped sending the silver out haha) supported it... here is the idea:
Allowing people to borrow money from Mechbank against the value of their faction. The amount borrowed would be no more then 25% of the total estimated value of the faction + base. A brand new faction without a base or any such things would be able to borrow no more then 50s (enough to set up a shop in Regalia or purchase supplies to help get them started) while a faction like Osai would be able to borrow more into 200 or 300 silver (placing their faction's final value at around 800 to 1200 silver). This amount is generally enough to cover the tribute for a war, should the faction lose, or to help fund a large building project.
If the loan is not paid back in full the faction is forfeit. Meaning that if Faction A takes out a 50 silver loan but cannot repay it, the faction leader must give said faction to Mechbank. The base is included in the faction, so unclaiming it would be considered scamming Mechbank and is therefor bannable. Mechbank could then auction off the faction with or without the base (if without, the base would be taken apart and the supplies auctioned off). Naturally, a screenshot of the agreement to give the faction&base would be kept by Mechbank for legal purposes (to get ur arse banned if you break the agreement).
So, what do the people of massivecraft think? I'm a tad bit reserved on the idea, but the only two active people in Mechbank's private thread support it.
Allowing people to borrow money from Mechbank against the value of their faction. The amount borrowed would be no more then 25% of the total estimated value of the faction + base. A brand new faction without a base or any such things would be able to borrow no more then 50s (enough to set up a shop in Regalia or purchase supplies to help get them started) while a faction like Osai would be able to borrow more into 200 or 300 silver (placing their faction's final value at around 800 to 1200 silver). This amount is generally enough to cover the tribute for a war, should the faction lose, or to help fund a large building project.
If the loan is not paid back in full the faction is forfeit. Meaning that if Faction A takes out a 50 silver loan but cannot repay it, the faction leader must give said faction to Mechbank. The base is included in the faction, so unclaiming it would be considered scamming Mechbank and is therefor bannable. Mechbank could then auction off the faction with or without the base (if without, the base would be taken apart and the supplies auctioned off). Naturally, a screenshot of the agreement to give the faction&base would be kept by Mechbank for legal purposes (to get ur arse banned if you break the agreement).
So, what do the people of massivecraft think? I'm a tad bit reserved on the idea, but the only two active people in Mechbank's private thread support it.
