Hi, I am considering about building some kind of a bank in game where people can deposit mesos or some common accepted items for some time to get the interests and people can also loan some mesos or some common accepted items from me for some time by paying some extra interest expense. It is just like a real-world bank to solve some situations, for example, someone start a new char without funded and he or she may want to hp wash the char and he or she believes that some money can be made when the char levels to like 140 and all he or she needs now is some mesos loan. Meanwhile, someone may have a lot of mesos and have no ways of invest, they can deposit to make some interests then. However, the whole system will be very complicated and I am serious considering making some detailed rules to prevent certain thing I won't like to see from happening. Just post this thread to see if you guys like this idea so that I can decide whether to try this or not and to check if it violate any rules.
Do not think its a feasible idea with regards to enforcing loan repayments, people can keep creating new accounts. Correct me if im wrong
Will GM support you if players do not repay debt? It can be wise if it will have certain rules and maximum loans according to the levels and level of trust of the user. I do not think we should lend to players below level 70. I also think that like any bank should put money first and show activity to get a loan later. So for beginners, it does not fit.
Trusting a new person without any history on the forum or game is a very high risk business. The fact that scam is "allowed" not a bannable offense on Royals, GM will not help enforcing the rule that you establish as a banker and act as a debt collector. Of course players has zero power on making someone pay their loan. Even loans established between trusted friends sometimes cause drama and unpleasant experiences.
The credit problem is in my consideration, as you guys mentioned, level is one of the important factors should be take into consideration. However, unlike real-world where the bank is supported by law, it is not in game, so what I could do if someone don't pay is that let him or her lost trust of all players in this server by building some kind of credit score system, which I believe could be a big threat. And I am also considering to ask for FB account if he or she wanna loan.
The question here is also who will take the bank's profits? The bank always earns otherwise it can not exist. This can be good only if it is supported by law and GM and will need to deposit to the bank for at least six months to get a loan in the future and only to players from high levels with deposits and seniority.
I'm sure as hell gonna take your offer, just tell me when and where! This is the greatest suggestion for a scam an investment next to "trad me ur item an i doble in 2 day"
lol but when someone doesn't pay the debt the collectors come and take all his house items, how will you enforce it here if you can just give all items to another mule
Yeah, it is all about risk control, how to determine the amount and length someone can have according to that guy's profile is actually a big project. I am considering several algorithm to manage to do that. Take Buccaneer as an Example, he wanna borrow like 60B and given that he is an well-know and I believe he won't quit in one month. I could borrow him 60B in some condition like 1. He must provide his FB account 2. I could borrow 60B if he have a guarantor and 50B if not 3.He must return all the mesos with some interest within one month.
Well back in GMS at some point people were selling HB/Haste/SE services. The way it worked is that you'd pay the amount for the service (Ex: 30m) and give a collateral (Ex: 4b) while he/she gives you the pants that gives you the skill, then you'd use the PvP glitch to obtain the skill and give back the pants in exchange for your collateral. A bank could work the same way, but you wouldn't pay in advance for the service, and instead of the pants you'd be receiving meso. Problem with this is that, with the HB/Haste/SE service, it took at most 10 minutes then the transaction was finished, while lending money could take a while and its not easy to keep track.
Think it's important to mention that if he had 50b already he probably doesn't need 60b more. Like I get what you're saying and that's kind of how it works in the real world (the more money you have, the more you're generally approved to loan) but if he had that much money why would he need you in the first place? It's also really important to mention that loans and credit works in the real world because, in general, people have actual income to justify their borrowing habits. For example, the likelihood that you are to receive a home mortgage is next to 0% in many places if you are an unemployed young adult, but if you are a 40 year old with a six figure salary, you would have no issue finding a mortgage for pretty much any amount. So... first off, the concept of stable income doesn't exactly exist in MapleRoyals, not even if you're one of those ridiculous 6xLeprechaun farmer types, and second off... if you're playing this game enough to pay off 60b in a month on MapleRoyals, you're probably an unemployed young adult. Spoiler: Basically what this thread boils down to
Hi guys, I have spent some time to craft the terms which I think should work, I prepare to start a new thread to officially announce the start of this bank. Just put the terms here before starting a new thread to have some advice. What is the the Royals Bank? The royals bank is a real-world bank like bank in MapleRoyals. People can borrow mesos or ws/cs by paying some extra interest from the Royals Bank, and people can also deposit mesos or ws/cs to earn some interest. First Things First I keep the right to modify these rules anytime. All trade happen be in accordance to the rules at the time when the trade happen. And if you try to trade with me, I would assume that you have read the rules. For Lenders What's the criteria need to be a lender? You need to meet at least one of following criterion to borrow mesos from the Royals Bank. 1. Have at least one account lv at least 70. 2. Have a guarantor who can be a legitimate lender(the lv for a gurantor should be at least 120). 3. Give something whose value should be at least the amount of mesos you wanna borrow as pledge. What do you need to give to borrow mesos? 1. A Facebook account of you own(I will verify the owner later). 2. A guarantor if you just meet criteria 2. 3. Give something whose value should be at least the amount of mesos you wanna borrow as pledge if you just meet criteria 3. 4. Some extra interests. How much mesos and how long am I legitimate to borrow? I have classfied the lenders into 4 levels. Which level you are depends on how good you meet the criterion above, a lv 200 account should be legitimate to borrow more mesos than a lv 70 account and a lv 100 account with a lv 200 account as guarantor should be legitimate to borrow more mesos than a pure lv 100 account. The length you can borrow is generally the same with the amount. Level 1: You can borrow up to 40M and up to 1 week. Level 2: You can borrow up to 100M and up to 2 weeks. Level 3: You can borrow up to 500M and up to 3 weeks. Level 4: You can borrow up to 1B and up to 4 weeks. I will try to modify these levels cap according to the lenders' response. But I don't have that much mesos now so I'll just borrow that small amount of mesos for a try. What if I don't pay the debt? I hope that won't happen but if that happen I will try my best to make everyone know this is a scammer and never trade with this guy. And don't forget I have got your fb account, I'll try to post something to let your friends know your behavior in game. I believe you don't want to lose trust of others because of some mesos. What about the intersts? This is still in test. The intersts will be in daily basis and the percentage will be 3%. Let me just have an example, you borrow 1B mesos and if you promise you will pay the mesos within 1 week, then intersts of first day will be 1B x 3% = 30M, the interst of second day will be (1B + 30M) x 3% = 60M, and the day after that will just follow this rule. Basically, the mesos you have pay is (The mesos you originally borrow )*(103%)^(the number of days have passed since you borrow the mesos). Therefore, pay as sonn as possible or it will go really big. However if you borrow more than 1 week, you can pay the debt on a weekly basis like you borrowed 1B for 2 week, what you have to pay after one week is 1B * 103% ^ 7 = 1.23B, you can pay the 0.23B(230M) at the end of the first week and the second week will start from the 1B. About the guarantor? If someone bring a guarantor and the a guarantor is willing to do so, the guarantor will have to pay the dept if the lender don't, so be careful when someone ask you to be his or her guarantor. And don't have you mule as your guarantor or you will be in my blacklist(I do have some kind of methods to verify that though it is not that accurate). About the pledge? If you don't pay the debt after the deadline, I have the right to keep the pledge. If you pay on time, the pledge will be returned. About the day? A day is naturally 24 hours, if the hours is like 25 hours, it will just be 2 days. For Depositor I have the right to refuse the deposit if there is no lenders in demand. The interest? Term deposit and fixed deposit are both accepted and the time of deposit should be on weekly basis which means you can only deposit like 1 week, 2 week or more but not 1 day, 2 days. For Term deposit, you will get 2% interest per week. For fixed deposit, you have 4% interest per week and you will have a deadline and you have no interest if you withdraw the mesos within the deadline. All the interest of both deposit will be accumulated to the original deposit week by week just like borrow. When is the bank available? The bank will be available from 5th of Nov, 02:00:00(UTC). Have to have some time to find sponsor or to collect some mesos. What time can we find you online? I'll be online from 02:00:00 to 04:00:00(UTC) on weekdays. For the weekend, I'll be not online since I gonna level my own char but you can still pm me to get me. I am still optimizing the time, feel free to make an appointment by PM me. Where? CH 7 FM Your IGN? I'll use this IGN to start the project, LittleM, lv 15 magician. About the tax? All the mesos I mentioned is before tax. And for lenders who wanna borrow mesos to buy some stuff, I can buy that stuff for you so that you can evade some tax. About the meso? Mesos I mentioned refer to mesos or ws/cs. ws=440M, cs=445M About the credit score? All the trade history will be recorded. And I will evaluate the hostory to determine someone's credit score. Blacklist will be published. Feel free to give your advice and looking for some start-up deposit.
You're telling me you can't even borrow from your own bank, and that we're going to be giving our mesos to a lv15 magician in the Free Market? I admire your gumption sir, but I must honestly suggest you look through some previous attempts at starting this sort of thing in the past. And at the very least become someone known well enough to be taken seriously because... in the sincerest manner possible, I don't think anyone is going to trust you with their money, and more than likely anyone who borrows from you will scam you.
I can just start by borrowing rather than depositing and after I borrow out some times, I guess I can earn some credit and I believe someone will deposit. A new IGN is just to seperate my game and the bank test. And the IGN listed on my profile is actually lv 82, just haven't update it.
TBH, I think some aspects of this bank concept is out of your jurisdiction. If it was to be done properly, it should be implemented as part of the game (a NPC) rather than it be ran by a player.
