Tag Archives: Stock Market

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 Companies Implemented

Finally, Joint-Stock Companies (JSC) were implemented yesterday ..sort of, they have a lot of bugs at the moment. The 4 JSC’s implemented are Water, Electricity, Oil(Petrol) and Natural Gas, today or sometime soon banks will be implemented as well.

Players can either create a Joint-Stock Company or buy stocks to an already created one, if you choose to open a new one you have to buy at least 10% of the stocks and if you choose to just buy stocks an already created JSC you need to buy at least 1%. No matter if you create a JSC or buy stocks to one for 1% you will have to pay 100 Gold and a certain amount of currency based on your country, in Romania for example is 5.000 RON. So far the earnings details are fuzzy, will announce them when they are confirmed by the admins.

I’ll comeback with an update on JSC’s when they are fully functional until then don’t forget to check out JSC for more info.

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.

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

 

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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