[Option to filter market orders by planet and market]

Currently we can only sort market orders.Adding filter feature would make browsing market orders much easier and would save lot of time and brain power.

[CRYSTAL BANK OF HELIOS]

On 6/17/2020 at 7:59 PM, Poliwopper said:

 

It kind of sounds like what you're describing is a trading scheme where you buy ores on other planets and sell them on Alioth

Yes behind the scene we will be something like a hauling orgnisation.Its more like delivery scheme than trading scheme.

[CRYSTAL BANK OF HELIOS]

On 6/10/2020 at 6:28 AM, Poliwopper said:

1. Let's say I, a potential customer, have just mined a bunch of ore but will not be using it immediately, for one reason or another. I could deposit it in your bank, collect some collateral (I assume this would be in Quanta? in any case, not equal to 100% of the value of the ore) and incur the fees. Or, I could instead sell the ore and pocket the Quanta in my completely secure wallet. I would be risking that the value of ore would change over time, but in return I would not be exposed to any risk from the bank (which I believe others in the thread of outlined), I would not pay bank fees, and I would have the ability to use the Quanta in the intervening period as I saw fit. Once I needed the ore, I would simply buy it from the (liquid) market.

2. On the other hand, maybe I want ore transferred from where I mined it to where I will be using it. I could deposit it in your bank, travel without risk of it getting stolen from me, and then withdraw from another branch. This seems like a good deal for the customer. But if there is aggregate mismatch in supply and demand in these locations, the bank will wind up transporting ore around. And it will not cost me extra to withdraw it in a high-demand location compared to a low-demand location. On the other hand, if I simply sell the ore where I mined it, and then purchase it where I need to use it, any aggregate mismatch in supply and demand should induce a price discrepancy that would incentivize traders to meet the demand. They would be transporting the same amount of ore (in aggregate) as the bank, but without a good deal of the overhead.

 

In DU different planets have different ores.If you will sell ore on the planet you have mined it then obviously you will get less money because theres a suplus of it there.
But Liquidity is on alioth.Prices are determined on alioth's market.(atleast till now)
Now if you mined Ore X on jago.Then you would want it to sell it on alioth.For which you have to haul it physically to alioth.
Thats where our bank comes in.

[CRYSTAL BANK OF HELIOS]

4 hours ago, Eternal said:

The purpose of a private bank is to generate income for the institution for it's stakeholders by providing credits. What are your bank's sources of income (revenue)? For example, do you do net interest income? How about the organization's structure? Do you have a good private structure since this is a private institution? And most importantly, do you have people who know some finance and accounting for the operation to work and sustain it since this is banking?

Our organizational structure is also straightforward at the moment.
We will operate branches on different planet with branch managers, branch cashiers, security guards and supporting staffs.
We will also operate a builders department concerned with the design of the fortifications of our branches.
We will operate a central reserve in a safe zone holding atleast "ore = 25% of the total deposited ore" to avoid bankruptcy in case of any unfortunate incident such as raid or employee fraud.
Rest 75% of deposit is backed by collateral given to depositors.

Since we are currently providing very elementary banking services, we don't compulasarily need people with high level of financial or accounting knowledge atm.However, we would be grateful if people with such knowledge join us.
I am an entrepreneur so i know basic accounting.Enough to operate our bank at current level.
We will also operate a mercenary department to scale our forces during the time of distress and we will also rely on external mercenary organisations.
For logistics we will rely on internal logistics department and also external logistics organisation.
We want to be a scalable and reliable organisation.Running with maximum efficiency.

[CRYSTAL BANK OF HELIOS]

2 hours ago, Eternal said:

The purpose of a private bank is to generate income for the institution for it's stakeholders by providing credits. What are your bank's sources of income (revenue)? For example, do you do net interest income? How about the organization's structure? Do you have a good private structure since this is a private institution? And most importantly, do you have people who know some finance and accounting for the operation to work and sustain it since this is banking?

Right now, we are not planning to give credits to people to earn money through interest, nor we are giving depositors any interest on their deposits.
Instead, we are currently aiming to provide minimal banking services like ore transfer for a fee.
People wouldn't have an account in our bank, but they will get an order number, a 16 digit passcode, and an option to choose specific payee/payees whenever they deposit money into our bank. It would be a kind of bill of exchange.
Slowly we would expand into loans and other complicated and risky services too.
 

Currently, we are planning to earn revenue through the fee, which we will charge on each deposit.

[CRYSTAL BANK OF HELIOS]

We heard feedback of our potential customers and we have decided to provide 75% collateral

[CRYSTAL BANK OF HELIOS]

CRYSTAL BANK OF HELIOS
Greetings! I am Crystal Emperor, CEO of Crystal Corporation.
We are looking for active players to help us open first ever bank in dual universe the CRYSTAL BANK OF HELIOS.
Our organisation is very young, so you can climb our organisational hierarchy pretty easily atm. 

 

OUR BUSINESS MODEL
Our business model is very simple.We will have branches on different planet across helios system.
Miners and players can deposit ores into any branch and withdraw ores from any branch.
Hence they would not need to worry about getting looted by pirates and enemy orgs after mining expeditions.
We will charge certain percentage of ore as processing fee at the time of deposit.

 

WHAT ROLES YOU CAN PLAY IN CRYSTAL BANK
You can become Branch Manager, Branch Cashier, Security Gaurd,  Building designers, Recruiter,  Customer Care etc.

 

==>>If we intrigued you enough then JOIN OUR DISCORD TO APPLY TODAY : https://discord.gg/xavm9nr <<==

[Last Post Wins]

Is this the last post ?

i dont think so.

prove me wrong if you can.

[Stealth, Fog of War, ability to hide Territory hex claim.]

nice