Tag Archives: Board of Directors

Proeconomica Update

Several changes have been made this update, Joint-Stock Companies re-implemented, Competition Module Implemented, New Test Server Opened.

Joint-Stock Companies are finally back in ProEconomica, just like the last time, 4 JSC;s were implemented: Gas, Oil, Water and Electricity I have updated the Joint-Stock Company Page with the latest features, go on there and read how they work.

NEW MODULE – ProEconomica Competitions

ProEconomica ContestWhat is that, you ask ? Well now you will be able to  … compete against other players. You can find the competition window under “ProEco Top”. If you want to compete just choose how long the competition should last, 2 hour or 8 hours and then choose an opponent or wait until someone decides to compete with you.

The winner is going to be the one whom has the most sales in 2 hours or 8 hours.

 

 

 

ProEconomica Contests Window

After you start the competition you will be able to see the live stats of  the competition, how much time is left, the name of your opponent and he’s sales in the Contest  Window or under the Contest Button. If you win a 2 hours competition you earn 12 XP and currency ( 100 RON for RO) and for 8 hours you earn 0.5 gold, 25 XP and money (250 RON for RO)

 

As you may have already noticed a new bar appeared between Health and Experience, Energy. This is used for competitions, 2 hours competition drain 12% energy and 8 hour competition use 50%, you gain 4% energy per hour or you can pay 2 gold and restore 50%.

 

ProEconomica Live Contest

 

Also another server has been opened, a test server, so from now on when something is implemented it should have way less bugs and of course now I’ll be able to make updates and tutorials before new modules are implemented on the Live Server. This way you should be already up to speed with the new features when they are implemented.

Joint-Stock Company Update

ProEconomica Team posted a new updated concerning the newly implemented … and removed Joint-Stock Companies.

Unlike the regular companies that generate virtual shares a Joint-Stock Company is a gold factory, it has the capability to generate gold everyday. Therefor a JSC generates 50 gold/day at level 1, after that the amount of generated gold will increase with about 5 gold every level. The earnings can be shared among the shareholders based on the amount of the shares owned.

Joint-Stock Companies main traits:

  • Can be created by one or more players
  • A player must pay at least 10% of the JSC cost to open one
  • To become a shareholder you only need to buy 1% of the total shares
  • The first 3 players with the most shares owned will form the Executive Board/Board of Directors
  • The board of Directors can propose up to 3 shareholders for the General Director (CEO) job.
  • All shareholders can vote after the candidates are chosen
  • All shareholders have equal vote rights no matter how many shares they own
  • In case there is only one founder he will be automatically  become the General Director (CEO) and will receive a salary based on the profit of the company
General Director (CEO) attributes
  • He is in charge of manufacturing
  • Buys the raw materials
  • Converts the earnings in GOLD
  • Distributes the earnings and gold to the shareholders
  • Hires employees
  • Upgrades the level of the Joint-Stock Company
There was also a small update concerning the number of virtual shares generated when leveling up your company :
LevelVirtual Shares
225
350
475
5100
6125
7150
8175
9200
10 - 15200
16 - 20250

 

 


Upcoming Joint-Stock Companies

Yesterday the admins announced the implementation of the joint-stock companies, the first one will be a Bank and it should be implemented sometime in April. Until then they have given a rough description about how Joint-Stock Companies will work.

What is the difference between a regular company and a Joint – Stock Company?

Well the main differences are that a joint-stock company also known as JSC can have multiple shareholders, shareholders can appoint by voting a General Director (CEO), that will manage the company, and it offers the possibility to earn gold.

In time joint-stock companies will offer players electricity, water, materials, petrol, means of production, etc.

You can read more about the way banks and other joint-stock companies will work here.

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