I have a dream ...

I believe you should be able to have a dream like this done!

I would fully back you (however I can) and give you a hand where ever I can finding good deals. :D



I think this is a wonderful dream/idea, getting investors might not be a bad idea. ;)

 

Believe it or not, yesterday i thought "we could have an EP investor group and purchase a shared EP LA"...

 

Well, i am fine with everything that helps making this "ball'o'shit" a better place. ;)
Maybe we can find a way to get this working?

And "Land of Lootius" would be the only acceptable name!!!!

For "EntropiaPlanet Land" we'd have to purchase one more then...

 

That's a nice dream.

Dreams are good, dreams set you free !


Also it's not too different to what I was thinking about the other day ...

 

you're suggesting something like the eu fund? the guys that own some shops and a LA? it's definetely doable. The only thing i'm not sure about is the charity only LA. I'd say do something similar to shares and give a percent of the profit to charity while still giving the rest to the players. charity doesn't motivate the majority of people

 

Mob loots get credit from Lootius, but mining? Lootsifer all the way, baby!!

 

well to start something like this you need to decide first what kind of shares to get. 500 ped a share? then how much is a LA these days? 200k? that's 400 shares for a small, out of the way LA (if any were 200k). then there's dna cost if you make it a hunting la. then there's the legal part which I'm not that clear about. a lot of work. i'd buy a share

 

I would be in most likely. There is only one small but. I do not need to make a profit on this. I however would like to get the money back I poured in. Otherwise it would be just as easy to donate to money directly to charity instead of investing it first. The positive of paying people back is also that when it is payed off the LA will still be there generating money without any responsibillities to anyone.

In short. I'm all for it. Perhaps propose it to FPC? They might even pitch in as it would make them look good.

 

I say we can move this thread out of the Black hole ;)

I was thinking about this myself a couple of weeks back for a less honorable and charitable cause. Evil, evil profit was the idea

But charity does not suck either.

However, can some of you actually bring numbers to this idea?

What would a reasonable price be for a decent Land Area?

What would be the amount of peds needed on a regular basis for it's upkeep?

I have to admit that I'm not very keen to the 100% to chairity idea, since there are much better ways to make charity work and much more efficient ways to attract folks into charity.

On the other hand most of my RL services accounts (bank, electricity etc.) have been configured so that they regularly send about 1% of my expenses and other to the World Wildlife Fund in order to maintain the upkeep of natural parks in Italy.

I would be more than happy to consider an "investment idea" where even up to 50% of the profit would end up in charity.

We could develop a way to calculate the amount of revenue generated per player based on the initial investment made and as a multiplier the amount of peds contributed for the upkeep of the land.

50% of the final profit generated by the LA would end up in a chairity association.

 

I'd have thought a minimum share greater than 500 Peds each (for example, a still affordable 2000 Peds) would mean less paperwork for whoever was administering the LA.

For my own part I'd love to be able to raise that amount (or a multiple of it) to have a share.

As for revenue, I remember Star at one brief stage logged his profits and losses, including his LAs, on a thread in EF. This could give us an indication of the figures we could expect back from such a project.

As for a name, as a non-CoL member I'd prefer the LA to be known as "EntropiaPlanets Land" or similar.

 

Further thoughts on this:

I would have no problem with part of the taxation going towards a chosen charity, but I would expect to see something back in peds for my investment.

I don't know the figures, but say for instance the LA generated 1500 peds per week with the taxes set at 3%. Perhaps a breakdown that might be agreeable to people would be 1% (500peds) to the charity, 1.5% (750peds) to pay as a dividend to the investors, and 0.5% (250peds) to a slush fund for improving the LA (shops, TT, etc).

Would it be better to have the LA for miners only? It would reduce the need to buy DNAs, fertiliser, etc, while perhaps making it available for special events.

How often would you be looking to pay investors and the chosen charity? Weekly? Monthly? Quarterly? Annually?

 

further dwelling into this:
-2000 ped is doable(i'd buy only one share...) and yes it would simplify things.
- the costs of maintaining a mining land area would be at around 100 ped per month. a hunting one 300-500 ped? this comes from something I heard a long time ago, maybe ask deathifier for an update on what a la like the combibo one costs to maintain
- paying the investors should be most effective once every 3 monts (quarterly) with a clause saying you can't withdraw your money out the first year
- a reserve fund drawing in the initial profit should be maintained(something like the safety ammount of money banks need to always have). this fund should be created in order to have something to pay anyone wishing to withdraw his money or maybe a sudden urgent need to buy some dna for a mob nominated in wof or something
- the charity part should be done at every investor payoff (something in between 25-50%, maybe more if a certain good cause arrises, maybe someone wants to help the guys in Haiti or somehting like that in which case 75% could be voted.
- everything should be decided through votes from every investor, votes having a value proportional to the percent represented by the investment when compared to the total sum)

anyway this is just a sketch of what it all should like, i'm pretty sure that if this happens, the agreement terms will be longer than the EULA.
over all things could get classified into: upkeep, advertisement, charity and profit. I'd sugesst trying a small la (smallest possible) with heavy advertisement, some medium mob with medium density that allows mining (that takes out atrox, atrax, and everything else that atacks on sight)
need more comments on this, ideeas, people...and data