Tag Archives: Euro

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

 

 


Withdrawal Terms

The admins implemented some rules for withdrawing money from the game, you can read them at the “Shareholders” application. Also I created a new page dedicated to the shareholders application, you can check it out here Shareholders , you can read the withdrawal terms and more there but I’ll post them here too 🙂

 

Withdrawal Terms
1. Shareholders application was created for those who supported this project financially during beta testing so they could become future shareholders and permanent beneficiaries of this project. This application is not a an application related to lotteries, gambling, pyramid scheme or anything like that, it’s an application that will allow those who supported the game financially to have real winnings, bonuses and other awards. Players that supported the game morally, honestly and actively ( referrals, chat activity, consulting, regular visiting of the project) can also be beneficiaries of the “Shareholders” both in-game and ,after the decision of the Administration, in the real world by withdrawing money.
2. A player can make a monthly withdrawal but it will be limited to 30% of the amount invested in the game, but he can still make withdrawals after the total amount of the money cashed out will be higher than the amount invested therefor having monthly financial benefits.
3. The players that earned money by referring people to the game through the “Invite” application have the right to withdraw them as soon as they have reached an amount of 20 euros from this application.
4. The players that have not supported the game financially and didn’t use the “Invite” application but used gold to buy real shares and request withdrawals can only cash out a maximum amount of 5 euros every 3 months.
5. If a player didn’t make a withdrawal as mentioned above at point 2, he will not be able to request a higher amount the next month.
6. For any amounts over 20 Euros, there is a withdrawal fee of 20% from the amount requested and for amounts lower than 20 Euro the withdrawal fee is 30% of the amount requested. The player will also pay any other fees perceived by the payment system.
7. The money allocated to withdrawals come from a budget specially designed for withdrawals, all withdrawals are based on the availability of financial resources from this budget.
8. If during the account verification suspicious activity is noticed, in which a player may have used exploits, clones to earn money, gold, etc. the Administration has the right to remove the entire amount of money, gold, experience and any other goods at its own discretion, including deleting the account.
9. The withdrawal budget in ProEconomica is based on the support and investments of the players, income from publicity and other incomes of the ProEconomica project.
10. For the following years the monthly withdrawals according to point 2 will be modified based on the income of the ProEconomica project.

New Conversion Rates

Today the admins made a slight change to the conversion rates between virtual shares and euros, now it will be a lot easier to make a nice profit from your investments in real shares. With the new exchange rated you need only 250.000 virtual shares for 50 Eur, you can see the exact amount of virtual shares you need for each euro below.

ProEconomica GoldIncrementationTotal Virtual Shares
4010001000
8011002100
12012003300
16013004600
20014006000
24015007500
28016009100
320170010800
360180012600
400190014500
440205016550
480220018750
520235021100
560250023600
600265026250
640280029050
680295032000
720310035100
760325038350
800340041750
840360045350
880380049150
920400053150
960420057350
1000440061750
1040460066350
1080480071150
1120500076150
1160520081350
1200540086750
1240565092400
1280590098300
13206150104450
13606400110850
14206650117500
14606900124400
15007150131550
15407400138950
15807650146600
16207900154500
16808200165700
17208500171200
17608800180000
18009100189100
18409400198500
18809700208200
192010000218200
196010300228500
200010600239100
204010900250000
2080+1000010000

 

Source ProEconomica Blog.

Convert Virtual Shares

We can finally convert virtual shares into EURO, for now there is a limit of 30 EURO for each player and the conversion has to be approved manually by an admin for the moment, it will be an automated process in the future. The fund for payments started from 2k EURO and it will grow based on the amounts that players deposit in-game. For now the conversion starts at 500 virtual shares : 1 EURO and increases with 500 virtual shares after each purchase and as stated on the official blog the price will reset in 90 days from our first purchase and will once again start from 500 shares : 1 EURO. This conversion rate affects every player individually so you can buy the shares in your own time-table.

I also made a small update to “My Company” page and now you can find a list will all the materials required for leveling up your company, you can see the table here or below.

Materials Required for Upgrade

LvLBread in ProEconomicaProEconomica MilkProEconomica JuiceProeconomica VegetablesSausageProEconomica WineProeconomica Personal HygieneClothesTehniqueBoardWaterElectricityStoneCementGlassBrickHome FurnitureOffice FurnitureWindows-Doors
210---5-------5--20------
340---10----5-----20------
45060---10---5--5---------
5200150-------20------202020---
6200---20-------10--401004020222
7300---30-------15--401006040233
8400---50-------20--501005050334
9500---70-------30-701505070344
10550----100------40--10025010090444
11800----130------60--150400200130445
121000----200------90--200500300200455
131300----250--300100--110--230--250555
1415001200------350150--150--300--350566
152000-1000260-----180--200--350--400666
162200---330420350670--130-----1600--667
1730001560------850--75-22802280--800-777
18--1360680--420--170---26302630---760888

 

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