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Posts posted by JaydenIV
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I think if people have a good roleplay mind this would be really cool. I did this in DarkRP on garrys mod and it was really fun.
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Interested in a business deal? Please Pm me.
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This is really interesting, getting the word out there!
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On 2/1/2017 at 11:54 AM, uncannierlink said:A while ago a made a post detailing some general rules for how I plan to run Dollabank. The purpose of this post is to go into greater detail and revise the list of services DollaBank LLC. will provide.
Business Model
The business model of DollaBank LLC. is simply to provide a method for currency to circulate in the economy, while also simultaneously making a profit. We will do this in almost the exact same way all other banks do. We will have clients who choose to open an account. These accounts will earn interest passively. In exchange, we will loan out the money in these accounts to people wanting to buy houses, cars, and of course, start businesses. To ensure that you will always be able to withdraw your money, whenever you please, we take the precaution to ensure that 10% of our net account transactions are in storage at all times. Now enough of how this business works, Onto how you can essentially make money for free!
Account Storage
Savings accounts
- 2% Weekly interest rate (that is, you gain 2% of the money stored in this account Per Week!)
- $1000 minimum balance ($20 fee per day you are below this number)
- $100 Account cancellation fee (this only happens if you withdraw your entire savings)
- Limit to 4 transactions every 24 hours ($5 per extra transaction)
While this may seem like a lot of fees, they are actually there to protect your money. We have these rules because DollaBank, above all else, will be responsible with your savings. If you have a problem with these rules, you can always open a
Checking accounts
- 0.2% Weekly interest rate
- $0 Minimum balance
- $0 Account Cancellation fee
- No Limit on transactions
As one can see, checking accounts are for storing money you want to spend, while savings accounts are for money you want to save.
Loans
At DollaBank LLC. We believe in the rights of individuality. As such, we do not offer blanket interest rates. We will use a simplified credit score formula (found below) assigned to our clients in order to assess the risk associated with them, and assign risk based off of this. Of course, we reserve the right to deny someone a loan, if we find this risk to be too much.
% of Money paid back on time * net worth - amount of money owed * number of weeks payments were made late.
For example: I payed back 80% of all the money I borrowed on time, my net worth is 250k I owe 30k to the bank and I have previously paid back 2 loans 1 week late each. So plugging these numbers in
0.8 * 250,000 - 30,000 * 2 = 140k
My credit score in this case is 140k. Factoring in income, let's assume my job pays me 30k a week, Dollabank would feel safe offering me a loan of $200,000 to be payed back in 18 months at 7% interest compounding daily. Of course this money would be paid back over time, not all at once. Another thing to keep in mind when applying for a loan is that loan officers are highly trained in risk assessment and are free to form their own subjective opinion on the risk, and these numbers are just meant to guide them.
If you have any question feel free to ask below.
Interested! Pm me.
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Closed
in Board Room
Pm me for a business opportunity.
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Selling high end goods is my occupation, half the price, no questions asked.
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My guess would be Garrys mod PERP on ultra or if you dont know what that is, I would expect it to be like H1Z1 or maybe like PAYDAY 2 On high.
Anything below a AMD 7750 wouldn't cut it in my opinion.- 1
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Interested in a business opportunity? Pm me.
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Interested in whole-selling?
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Here at Onyx, we provide the best hand made furniture, clothing and luxury goods money can buy, and at half the cost. no questions asked*.
If your a simple living person with basic needs or a luxurious yachtsmen, we have the best prices with the best quality.
These are some of the products (and not limited to) we offer; Furniture,Cabinets, Home Decor, Clothing, Watches, Artwork, and many more.
We are always looking for people to supply us with these things and customers, refer a friend who makes a purchase of $400 or more and get a 25% discount off of anything of the same or less value.
I, the CEO am looking forward to your orders, see you soon.
subject to change at anytime*
Please feel free to ask any questions below!!
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Servers
in Tourism (Q&A)
Posted
from my understanding if you switch servers you data does not come with you. so therefore you will only be a cop in server 1 and not server 2