/r/Chromamarket
Chroma Market!
This is the place where you can buy and sell goods for the nations currency, Chromanium!
Remember, prices WILL change often, so watch for updated posts labeled [PRICE CHANGE]!
Visit the Wiki (Menu above) to read up on the Chroma Market
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/r/Chromamarket
So this is another, and hopefully the last, chroma market reboot. This market's focus is on keeping up the integrity of the Chromanium (CRM). This economy will be based on jobs revenue (subject to change). There are 3 types of jobs, labor, management and corporate. Most all beginning jobs will be labor (Gas station worker, diner chef, pastry maker, etc.) and pay poorly but require little to no experience.
Every job provides experience, each in units of weeks, and you need certain amounts of it to get a job. The requirements will be posted up so you will know how to get each job. Most will say "X weeks in [Previous Job in job stream] with X weeks total experience in Y"
You will be paid in a paycheck at the end of the week. The paycheck will total every day you've worked. There will be a chomanium per day (CPD) amount assigned to each job so your paycheck will be that x7. IMPORTANT You will receive a x1.25 multiplier on that day's CRM if you check in to work that day. I'm not sure what this will look like but I'll have to figure it out because that much mod mail could be bad, but I guess I don't see why not, idk.
Anyways, there will also be taxes and tax brackets. Tax will be assigned to each team, and each person's tax will be assembled into one fund. What this tax goes toward is TBD. If you have a problem with taxes, screw you, but PM me and state your case. However, if you have next to or 0 experience with the market and oppose taxes, I may just ignore you.
Anyways, each type of job is unique. In labor, you are paid for your "physical labor" so you don't need to do anything but the daily check in if you so choose. Then, unlike the real world, you all have very flexible working hours, from what time you go to work to when you go to bed. Also the quality of work is important so being more awake is better. So what the hell am I talking about? Well, you can rent an apartment, lease a small house or a larger house or a mansion. The mansion is just as good as the big house but it's just for fun because why not. Anyways, I'm still deciding between having every labor job have separate amounts for each type of housing or just scaling it. Anyways, you can go homeless, that's pretty lame and we can tease you.
So for management jobs you have revenue and resources, this most closely resembles the previous market. You are given revenue (which is separate from your personal money) once you are hired and you use that to purchase resources for your company which, like the old market, is used to gain money. That money goes to revenue, but you still get paid. Many upper management jobs will require you have X amount of CRM in your revenue before you can be promoted there.
Corporate jobs are the tippy topest jobs. These are your CEOs, Presidents and VPs. They are exactly like the management jobs but you are paid significantly more but you must maintain the approval of the board. This will be simulated by a Random.net coin toss.
No that we have that out of the way, perks and consequences.
You are hungry, you need to live so a 50 CRM slash of your paycheck each week will go towards groceries.
Each Chroman starts off with 100 CRM and can apply for any entry level position.
You can purchase flair for different prices as a sign of your affluence. That is yet to be determined.
That's about it, I'll have the content up as soon as I can, all of the resources and have the sub updated to match this. Now here's the dealio, I want to run a beta of a this with 5-6 people (myself not included). Orangered or Periwinle. I'll be picking beta testers based on previous market experience and then after that, based on newness to Chroma.
If you're interested, please please please comment below your qualifications and I'll get back to you guys with a PM as soon as I can!
EDIT:
Spots:
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Registration is now online. Simply comment in this thread, and choose your home base by writing its name next to a # like so:
#Midnight-Marsh
Note that I used the normal name for the sub, not the format /r/sub_name.
When you submit the comment, the # will disappear, to be replaced by a light underline, like so:
#Midnight-Marsh
EDIT: I was wrong. It'll be easier if you add - or _ marks between each word in the name.
Have fun, and try to break it. When you do, PM me what happened!
I've been working for a while now to build a bot to run the Chroma Economy. It works similarly to Chromabot in terms of giving it commands. So, without further ado:
Mechanics
The economy is based off of the production of resources by individual players. There are three types of resources: material, food, and luxury. Every player initially produces 1 "resource unit" of a resource of their choice per 12 hours. In other words, a registered player automatically produces 1 food resource, 1 material resource, or 1 luxury resource every 12 hours, without having to enter a command.
As is obvious, food RUs (resource unit) can be used to create foodstuffs, material RUs can be used to create buildings and machines, and luxury RUs are used to create luxury goods. However, there will also be some crossover. To create a farm for example, you might have to combine X food RUs and Y material RUs, or to create a mansion X material RUs and Y luxury RUs. Some items would require other items to be created.
If a user wants to produce more than 1RU/12hr, he or she has to build machinery and buildings that allow them to increase their output. Some items would increase their output unconditionally, but some would only increase the output of specific things, like a farm would only increase a user's food output. This means that players will need to focus on a specific job, and not just spam whatever they want.
Additionally, when each player registers, they must choose a territory as their "base." Each territory has a resource type buff and a resource type debuff, which either increases the amount a user produces in that territory or decreases it. For example, the Midnight Marsh gives a bonus to food production, but a penalty to luxury production. Therefore, if I tried to produce food, I'd get 1.5 food per 12 hr, and if I tried to produce luxury, I'd get .5 luxury per 12 hr. There will be a cost for moving territories. This is in place to make sure one or two players can't completely dominate the market.
Commands
To send a command to Chromeconomist, you can either make a comment in a territory sub which starts with "#", or send the bot a PM with your commands. As of now, there are 4 commands:
To Do List
Notes
IMPORTANT, PLEASE READ
The one thing I haven't done, because I wanted the community's input, was make a list of items. What I'd appreciate is if you guys could submit some ideas on what items we want, so that I can put them into the bot. Keep in mind that a user produces 1 RU every 12 hours when deciding on the prices. Try and submit suggestions something like this:
Name: Apple Cost: 1 Food Pre-reqs: None
Name: Apple Juice Cost: 5 apples Pre-reqs: Juicer
I welcome any suggestions or modification you'd like to see.
There is no value to Chromanium. Look at Dogecoin. I just started using Dogecoin, and they have actual stores accepting it as currency. The reason this sub is failing, is because it has no value. Now it doesn't need to have real value, but it needed to be related to the game somehow. Nobody likes to waste time, and lets face it, this game ends up being nothing but that.
If we could convince the Council to integrate us into the game, we would be back to normal. Without the game, this sub will continue to waste away.
Well, I longer live in Pasto, so agricultural stuff is no use to me. So I'm selling 5 large farms and 300 stills.
CHRISTMAS SPECIAL! EVERYTHING IS 5% OFF!
Product | Original Price | Price After Discount | Amount Left |
---|---|---|---|
Large Farm | 6000 | 5700 | 5 |
Still | 35 | 33 | 300 |
Ok, so I've decided to work on the market and it's many problems, and I believe I've solved a few. The demand of the people will limit the amount sold in total, creating the competition in the market, lowering the prices. I've also added taxes (boo!) to keep the prices of goods from hitting 1 CRM. More is coming, so here is the progress: http://goo.gl/8U54GW
EDIT: make sure you read the comments!
A while back I created Chroma Market Solutions as a way for citizens to more easily invest money in the multitude of companies active in the Market. At the time, however, the nature of the market had not been clearly defined, and in many ways was in a wild state of flux. Stocks, and trading in them, weren't feasible, and my hopes for it quickly died out.
Now the market is far more stable, and is ready, I believe, for this grand step. I'd like to introduce my fellow merchants and lords, and the honorable bailiffs of the Market, to my implementation of a stock exchange.
First, I'll need to briefly explain what stocks are, and why anyone would buy or sell them, as well as what benefits they give to companies.
What is a stock?
A stock, also called a share, represents ownership of a small percentage of a company. That is, anyone who owns stock in a company owns a small percentage of it (hence "share," as in your share of the company). Owning a percentage of a company also entitles you to that percentage of the companies profits (called dividends).
Why would I buy or sell stocks?
The first, and most obvious reason, are the dividends. That is, every day you receive a percentage of the company's profits equal to your percentage ownership in the company. The second reason is that others will also be looking to buy stocks, and you can sell your stocks for more than you bought them for, resulting in a profit. Stocks, therefore, can be both a source of income and a long-term investment.
Why would my company offer stocks?
Companies who choose to offer stocks also offer up a portion of control of their company, and its profits. However, when the company initially offers stocks to the public, it can choose the price, and the initial buyers must pay that much. This makes stocks an excellent way of raising money for new projects or expansion. In addition, new companies can offer stocks as a way of getting enough capital to get off the ground.
HOW IT WORKS:
For Citizens
To view available stocks, simply browse the CMSE for a stock that you want. In future updates, I plan to add graphs to display each stock's price change. The selling/buying process is simple. Reply to this post in a top-level comment, indicating whether you're buying or selling, and how much you are willing to pay/want to get. I'll keep a list of buy/sell offers edited into the post, along with who is making the offer. Users browse that list looking for the sell/buy offer closest to what they want, and can then begin to negotiate with the seller/buyer. With a good mind and a bit of luck, you can certainly make a profit.
For Companies
Simply PM me if you want to offer stocks. Tell me how much of the company you want to offer to the public (i.e.; 20%, 30%, whatever), and how many shares you want to offer. Each share will then represent the total public offering divided by the number of shares. For example, if a company offers 20% ownership total, and offers 100 stocks, than each stock is worth 0.2% of the company. Keep in mind that dividends are mandatory right now, so some portion of your profits will go to paying them, That portion depends on how many stocks you offer. In addition, you also need to tell me how much CRM you want the stocks to be worth when you offer them.
With that, the CMSE is now OPEN!
Stock List:
Company | Symbol | Price | Volume | %ofC |
---|---|---|---|---|
Gaga and Grey Quality Furniture | GGF | 85CRM | 200 | .195% |
Snooland Steel | SS | 65CRM | 10 | .25% |
Shouldn't we update the Wiki since we have a new system?
As you all know, the market is very stable. Too stable. I think that we need to spice things up in the market, or it will always just be "make money and invest to make more money" with no challenge.
Therefore, I suggests we add random "events", and this will add the uncertainty of an actual market. The events can vary from losing a few items, or as big as depressions causing everyone to lose thousands of chromium. The goal is to add a little more excitement, and keep people coming back daily to see what new event just happened.
##Ask questions please!
###INSTANT LOTTERY
1 ticket is 15 CRM. You may only buy ten instant lottery tickets each day. All proceeds are re-routed to Pasto Bellas Bebidas, formerly known as Pasto Range Adult Shop.
Quick Chromance!
Using Random.org, I will draw 2 sets of 9 numbers between 1 and 25.
Time Stamp!
Using Random.org, I will draw a random hour, from 00:00 to 23:00. If the drawn hour matches the hour you commented (in UTC), you win 250 CRM!
Hit the Deck!
Using Random.org, I will draw 5 card from a standard 52 card deck.
To buy a instant lottery ticket, comment with the following information:
Amount of tickets:
Where your profits should be sent: (if you don't have a company, just write your name here)
Game: Quick Chromance, Time Stamp, or Hit the Deck
###Weekly Raffle:
One ticket is 20 CRM. You can buy as many as you want. If you are the only one to buy tickets, you get a refund. Otherwise, the winner wins 75 percent of the price of the tickets bought that week.
The weeks are Saturday to Saturday. I'll probably draw Sunday afternoon, because I'm not waking up in the middle of the night. That means I'll make one of these posts every Saturday. ^^Duh.
To buy a ticket, comment with the following information:
Game: Raffle
Receiving Account: This is where the money will be taken or sent
Number of Tickets: self explanatory
The deadline for this week is:
December 28, 2013, 23:59 EST
###INSTANT LOTTERY
1 ticket is 15 CRM. You may only buy ten instant lottery tickets each day. All proceeds are re-routed to Pasto Bellas Bebidas, formerly known as Pasto Range Adult Shop.
Quick Chromance!
Using Random.org, I will draw 2 sets of 9 numbers between 1 and 25.
Time Stamp!
Using Random.org, I will draw a random hour, from 00:00 to 23:00. If the drawn hour matches the hour you commented (in UTC), you win 250 CRM!
Hit the Deck!
Using Random.org, I will draw 5 card from a standard 52 card deck.
To buy a instant lottery ticket, comment with the following information:
Amount of tickets:
Where your profits should be sent: (if you don't have a company, just write your name here)
Game: Quick Chromance, Time Stamp, or Hit the Deck
###Weekly Raffle:
One ticket is 20 CRM. You can buy as many as you want. If you are the only one to buy tickets, you get a refund. Otherwise, the winner wins 75 percent of the price of the tickets bought that week.
The weeks are Tuesday to Tuesday. I'll probably draw Wednesday afternoon, because I'm not waking up in the middle of the night. That means I'll make one of these posts every Tuesday. ^^Duh.
To buy a ticket, comment with the following information:
Game: Raffle
Receiving Account: This is where the money will be taken or sent
Number of Tickets: self explanatory
The deadline for this week is:
December 17, 2013, 23:59 EST
Users that do not show any activity from 10 December 2013 will have their production frozen. This is to ease the number crunching placed on the moderators.
Also we are looking for more moderators to help run the market; we need dedicated Chromans willing to process transactions!
I've been producing decent amounts of concrete, moving into steel when I buy another manor for coal and smelters.
I was wondering if I need to go through anything official to be considered a business and maybe hire some people who are just getting started on the market.
Comment below for your suggestions. Circlejerking in the comments will be dealt with harshly (i.e. deletion).
The Conglomerated Trading League (henceforth referred to as CTL) is a new organization which aims to increase business opportunities for new members of the market, while providing otherwise unproduced goods to chroma.
Membership costs 50CRM monthly, and members can join at any point. Every month, the CTL will officially meet to discuss new business prospects. At this meeting, members can propose new business startups to improve the variety of goods available to chroma.
Once a proposed business is chosen by the 3 chairs of the CTL, all members in favour of it submit funding investments relative to their current wealth, including business holdings. Control of the company is then handed to the member with the lowest wealth, who assumes position of the CEO.
This business can produce the agreed good(s) and ONLY these. It may obtain funds or purchase land and equipment to further itself as the CEO sees fit, as long as it does not expand its range of goods. Exceptions can be made by appealing to the League for expanding productions, who will grant it if they deem it necessary.
Once this business has became profitable, it is required to begin paying back the other committee members who agreed to back it. The period is of no concern, but each member must eventually be returned their investment plus 5%. The investors can be paid back in any order the CEO sees fit.
After this point the CEO is free from all obligation to the guild, and make take their company in any way they see fit. It is hoped however, that he stays in it to further aid other startups.
The CTL will have personal holdings of one (1) large manor, purchased in joint by the three chairs. This will serve as the guild hall of the League, and will produce 10 goods a day to provide for the guild's dining hall. Excess goods will be sold off the day before meetings, but this will simply go towards providing funds for startups. This will be a return-free grant, which the CEO has no obligation to repay.
Every second month, the combined fees for membership will be awarded as a cash prize to the member who the League feels has done the most for promoting business in Chroma. The chairs will make a shortlist of candidates, and every member can vote on their choice. They cannot, however vote for themselves.
To apply as a co-chair, please apply below. The format is as follows:
The head committe is now as follows:
Alderman of the League: /u/cdos93
Co-chairs of the League: /u/greyavenger and /u/captaincrunchie
^The ^CTL ^is ^a ^non-discriminatory ^organization. ^Any ^members ^seen ^to ^be ^acting ^in ^an ^inappropriate ^manner ^while ^representing ^the ^League ^will ^be ^reprimanded, ^and ^will ^be ^fined. ^Repeat ^offenses ^will ^result ^in ^loss ^of ^membership. ^Additionally, ^if ^they ^are ^a ^CEO, ^they ^may ^be ^stripped ^of ^rank ^and ^the ^business ^given ^to ^a ^more ^suitable ^individual.
signed
/u/cdos93
Alderman of the Conglomerated Trading League
PS could people please post their total wealth in assets (thats all your CRM, land and goods). It'll save me a bit of time. I've got everyone apart from hatter who has posted at the moment this has been edited.
1 ticket is 15 CRM. All proceeds are re-routed to Pasto Bellas Bebidas, formerly known as Pasto Range Adult Shop.
Quick Chromance!
Using Random.org, I will draw 2 sets of 9 numbers between 1 and 25.
Time Stamp!
Using Random.org, I will draw a random hour, from 00:00 to 23:00. If the drawn hour matches the hour you commented (in UTC), you win 250 CRM!
To buy a ticket, comment with the following information:
Amount of tickets:
Where your profits should be sent: (if you don't have a company, just write your name here)
Game: Quick Chromance or Time Stamp
#Edit: I am a mere mortal. From now on, you may only buy 10 a day
#Edit: Changed reward amounts
#Edit: Changed Game Name
#Edit: added game
###PAY
You will receive 10 CRM a day. The week starts on Sunday and payday is on Saturday. For example, if you join us on a Thursday, on Saturday, you will be given 3 days worth of pay. In the case that you quit or retire, you will be given 50 CRM. So if you join Monday and quit on Wednesday, you will be payed 3 days pay and 50 CRM, which is 80 CRM. However, if you are fired or leave on mutual agreement (meaning you want to quit and I want to fire you), you will not receive the 50 CRM bonus.
###HIRING
Both Orangereds and Periwinkles may apply. There may be background checks. Anybody who works less than a week before leaving may not join again, as constantly receiving the bonus would rob us of all our money.
Sincerely,
bleekicker, Esq.
The Bank of Patria Orientales shall be chaired by the Lord Governor of the Royal East Chroma Company, /u/captaincrunchie.
A Periwinkle and an Orangered will be chosen as co-chairs of the bank to provide balance. The Lord Governor of the Company reserves the right to approve or deny loans. Please message /u/captaincrunchie to apply as a Periwinkle or Orangered representative for the company.
Any citizen of Chroma not on the Blacklist has the right to request a loan from the Bank of Patria Orientales.
Citizens shall not be discriminated against based on their nationality or beliefs, nor their actions during battle, nor their opinions and statements.
The application for a loan shall be as follows:
Name of borrower:
Reason for loan:
Time-frame for repayment:
Loan amount:
Interest rate on loans shall depend on several factors, including the time-frame for repayment, the amount loaned, the reason for the loan, and whether the borrower is an individual or a business.
The standard loan interest rates for an individual will be as follows:
5% interest for a loan paid back per day, and with a time-frame of a week or less.
7% interest for a loan paid back per day, and with a time-frame of a month or less.
3.5% interest for a loan paid back weekly, and with a timeframe of a month or less.
15% interest for a loan paid back in a lump sum in under a month.
20% interest for a loan paid back in a lump sum after a month or more.
Individuals and companies have the right to appeal their interest rate, if they believe they have mitigating circumstances. Note that not all appeals will be heard.
Failure to pay off a loan within the time-frame will result in a 40% increase in interest, and lower creditability.
Individuals may appeal for an extension on their time-frames if they feel they have mitigating circumstances, but companies may not. Appeals for time-frame extension must be submitted before the time-frame is up.
Failure to pay off the debt in a timely manner will result in the individual or company defaulting on its debt.
An individual or company which has defaulted on its debt will have assets seized from their account worth an equivalent amount to the debt, plus all interest, plus an additional 15%.
An individual or company that has defaulted on its debt will be placed on the Blacklist, and barred from borrowing money from the Bank of Patria Orientales. An individual or company listed on the Blacklist is able to appeal its listing, and may eventually regain its ability to borrow.
The liquid assets of the Bank of Patria Orientales are exclusive property of the Royal East Chroma Company, and may not be used for any purpose other than those authorized by the co-chairs.
The liquid assets of the Bank of Patria Orientales must never fall below 1500CRM.
The Bank of Patria Orientales is authorized to own 5 large tenements, with which it may produce goods up to 2 days a week. The days on which production occurs are up to the co-chairs.
A: No history of defaulting on loans, and paid on time.
B: History of late payments, but loans were repaid.
C: History of late payments, but loans were repaid by seizure of assets.
D: History of defaulting on loans, assets were seized.
BLACKLISTED: Ineligible for any loans, unless status is appealed
Amendments may be added to the charter in order to allow it to adapt, and to give it a modicum of flexibility.
Amendments must be approved by both co-chairs and the overseers before being implemented.
A up-to-date version of the Charter, along with all amendments, must be available for public viewing.
Please send your transactions to be processed by 1800 EST to ensure quick response. Thank you
Captaincrunchie
Lord Governor of the Royal East Chroma Company
/r/Chromamarket Southern Hemisphere Moderator
We're back. There are some announcements and decisions that we've made, and I'm telling you all now. Also, I will be going through every account and business, personally, and see to it that all income has been adjusted to the price changes.
The Integration of the Market into Warfare
In a 4-0 vote, there will not be an integration.
Bringing Activity to the Market
As suggested by /u/captaincrunchie, we have decided that the person who brings in the most people into the Market will get one year's worth of reddit Gold!
As suggested by /u/Danster21, there will be a separate marketplace, for out of game things. In a statement,
> Say I want someone to draw me a picture, I can pay someone a few thousand CRM to do it.
Dissolving Monopolies
In a 2-1 vote, we have decided that any monopolies that form will be dissolved and distributed to investors of that company.
That's all. Thank you for your patience on this hiatus of the Market, and everything is in full swing, as of now.
I was thinking about opening a brewery/distillery in /r/Snooland but I have no idea what goes into starting a company or what other companies are around. I would hate to start a company if there is another brewery on the orangered side. How much land would I need and how do I buy equipment? As someone who has spent almost no time in the market and is confused about how it works, I need a lot of help. Thanks for all of your help.
For example, because of the recent fighting in Pasto Range, and Pasto being OR's agricultural capital, the prices of agricultural goods would increase.
Or, if r/ExampleTerritory is Periwinkle's machine making territory, if OR's capture it, the price for machines would decrease for OR's and increase for Peri's
Pasto Range Adult Shop (don't know why, but we're not in the archive yet) Offers to create a business union.
Benefits:
Share the employee paychecks but share employee profit bonuses are shared
In times of major price changes, we could share profits for a limited time.
Variety of product makes price change effect lower
Annual Secret Santa Program
Depending on the amount of people willing to join, some of these things may or may not change.
Leave a comment with the following information if interested:
Also, what's the difference between a Lord and a Merchant?