Market Discussions

Announcing VAERT BOOST Sister Fund

VAERT is glad to announce a new donation fund: VAERT BOOST, NEISIN code MRVAHFTCF062.


What's it?

It's a limited time fund that is aimed at going beyond the usual VAERT way of donations.

In fact, given a maximum pool amount, every donation sent to VAERT BOOST will be more than doubled by me: the current conversion rate is 220%, that is every ISK sent to VAERT BOOST will be matched by me with another 120%.


Example: a 100M ISK donation will become 220M ISK donation.

Yes, this is a VAERT-ized adaptation of Amarr Citizen 155's own Trillion ISK initiative, studied both to deliver even more value per ISK donated and yet to fit within the super-rigid VAERT accounting practices.


How does it work

It works in two different ways.

1) Donor: the regular players sending in ISK to be boosted.

2) Fund sponsor. a generous, rich player who provides a portion of the ISK pool that will be used to match and boost Donors' donations. I will provide a 20B starting pool myself to get the ball rolling.
The sponsors pool will be reduced by matching each donation, donations will not count as part of the sponsors pool.


Donors: how to send charity ISK to be boosted

It's simple:

1) Copy this corporation ticker into a chat:

VAHFT

2) Right click on it, select:

Autolink and then Corporation.

This will produce a clickable corporation that will point to:

Vahrokh Financial Technologies [VAHFT]

3) Right click the VAERT clickable name generated at point 2.

From the resulting popup menu select: Give Money.

4) A window will appear, where you may enter an ISK amount to donate (maximum 500M!) and a Reason. In Reason you should enter (or copy and paste):

VAERT BOOST

Done! Easier to do than to write it down!


Q. Why sending to VAHFT and not VAERT?

A. VAHFT has historically been the operating finance company in the Vahrokh's corporations conglomerate. This is an additional management I have to take because VAERT must keep a simple records booking for CCP to check. I would easily risk running out of transactions API limits if I had to triple them (Donors + mine + Sponsors) and / or would make an accounting mess.


Rules

1) No donation may exceed 500M. The portion exceeding 500M will automatically promote you to Fund Sponsor. In case not all the sponsors ISK will be used by the end of this initiative, the excess will be sent to Amarr Citizen 155's trillion initiative. If he won't take ISK any more (for any reason) the ISK will go to VAERT instead.

2) Once the donations pool is exhausted, excess donated ISK will be sent to Amarr Citizen 155's initiative. I will try and update the remaining pool amount, but since I live in the GMT time zone there will be times of the day when I won't be able and update it for hours.

3) The donations pool will be determined before the CCP charity drive ends, so if Fund Sponsors will send pool ISK, the pool cap will be lifted up and more donations will get 220% boost!

4) In case Amarr Citizen 155 own pool gets filled or any other event happens that makes him stop accepting donations, the excess donations will be forwarded to VAERT's regular fund.

5) In case ISK is erroneously directly sent to VAERT, its bylaws forbid any kind of ISK extraction and in general any kind of mess. Therefore it's highly possible the donation will stay as is, without boosting.

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Fund Sponsors: how to send ISK to seed the fund

If you would like to donate more than 500M ISK, you should consider becoming a Fund Sponsor.

Featured on the VAERT front page (where history Donors are recorded), Fund Sponsors help VAERT BOOST gather liquid ISK to match with the regular Donors donations.

Basically if you sponsor VAERT BOOST with 1B, you'll enable a regular Donor to send 454-ish millions and see those multiplied by 220%.

Needless to say, I appeal to your good MD-er heart to support this new initiative!


Rules

1) There's no ISK cap to sponsoring VAERT BOOST.

2) VAERT BOOST accepts either ISK or PLEX.

3) Fund Sponsors donations will only be accepted up to Dec. 5 midnight EvE time. Those coming past that term will be forwarded to VAERT.

4) The minimum amount accepted is 100M. Below that, the sponsoring ISK will be considered a regular player VAERT BOOST donation.

5) Please EvE mail me when you send your sponsorship.

6) Please use this description when you'll send ISK:

VAERT BOOST SPONSORSHiP



Thank you in advance,

Vaerah Vahrokha,
VAERT, President

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2013-12-03 Amended the rules to make them clearer as per RAW23 post.

Think people may be getting donor fatigue.

VAERT BOOST update:

2013-12-01 | 500,000,000 | Cash | Donor name: Rykker Bow


Equivalent donation: 1.1B!

After being forwarded to Amarr Citizen 155's initiative that donation will become: 2.2B!!!

Sorry for the delay, the server crashed.

2 PLEXes from you have indeed been arrived to VAHFT. They will magically become 4.4 PLEXes and then (when sent to Amar Citizen's initiative) where they will become 8.8 PLEXes!

Damn near had a heart attack!

VAERT BOOST JOURNAL


Donors

2013-12-01: 500,000,000 | Cash | Donor name: Rykker Bow
2013-12-02: 2 x PLEX | Inventory | Donor name: James Hawkwood (equivalent to 2 x 599,400,000 ISK) (*)
2013-12-02: 500,000,000 | Cash | Donor name: Marcion Cravik
2013-12-02: 500,000,000 | Cash | Donor name: Dorian Mirror
2013-12-03: 500,000,000 | Cash | Donor name: Eternity MistSeeker
2013-12-03: 500,000,000 | Cash | Donor name: Samroski


Sponsors

2013-12-01: 20,000,000,000 | Cash | Sponsor name: Vaerah Vahrokha
2013-12-03: 2,500,000,000 | Cash | Sponsor name: Samroski

Total Sponsors pool: 22,500,000,000 ISK


Current progress

Total donated ISK (*): 3,698,800,000

VAERT BOOSTED equivalent value (@220%) = 8,137,360,000 ISK

Remaining pool (Total Sponsors pool - VAERT BOOSTED equivalent value) = 14,362,640,000

VAERT BOOSTED + AC155 equivalent value (@200%) = 16,274,720,000 ISK




(*) PLEXes are valued at Jita IV CNAP average price for the day they were put up on contract.

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Edit:

For maximum clarity and ease of verification, I have added a public Google Docs VAERT BOOST balance sheet.

I have no set goal, the more I manage to gather the better.

VAERT could have used some more love but it's not as effective as your initiative so I created VAERT BOOST.

VAERT BOOST has this little invention that lets me transform 1 ISK in 4.4 donated ISKs. It has a ceiling due to the ISK cap (currently 22.5B).

VAERT will be sacrificed (no more donations going there) to send everything off the VAERT BOOST fund to you, because your trillion fund + VAERT BOOST fund together are now the top effective way to donate ISK.

Sorry to be a pain VV but I don't quite understand the figures.

1) You have a total in the sponsor pool of 22.5bil.

2) Isk donated so far is 3.698bil

3) VAERT BOOST matches this with a 120% donation = 4.437bil

4) So, the sponsor pool minus the matched funds should leave just under 18bil in the pool.

It looks like you have subtracted the 120% boost AND the donations the have been boosted from the sponsor pool. But shouldn't it just be the boost coming from there?

Fund situation update, to match RAW23's suggestion. It's copied and pasted from the online Google Docs Excel file.
I have also changed the labels at the bottom to the new math, from pool - VAERT BOOST to pool - matched amount.

@RAW23 despite having checked the numbers to match the new algorithm, some numbers don't match. Please tell me how you came to calculate below 18B total pool left, whereas it's a bit above 18B for me.

If you want I can give you access to the spreadsheet so you can check the formulas.

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Donors

Date Name Amount Item type Item value in ISK Total donation value

01/12/2013 Rykker Bow 500.000.000 Cash 1,00 500.000.000,00
02/12/2013 James Hawkwood 2 PLEX 599.400.000,00 1.198.800.000,00
02/12/2013 Marcion Cravik 500.000.000 Cash 1,00 500.000.000,00
02/12/2013 Dorian Mirror 500.000.000 Cash 1,00 500.000.000,00
03/12/2013 Eternity MistSeeker 500.000.000 Cash 1,00 500.000.000,00
03/12/2013 Samroski 500.000.000 Cash 1,00 500.000.000,00

Total donated ISK 3.698.800.000,00


Sponsors

Date Name Amount Item type Item value in ISK Total donation value

01/12/2013 Vaerah Vahrokha 20.000.000.000 Cash 1,00 20.000.000.000,00
03/12/2013 Samroski 2.500.000.000 Cash 1,00 2.500.000.000,00

Total donated ISK 22.500.000.000,00


Current progress

Amounts Multiplier Totals

Total donated ISK 3.698.800.000,00
Total matched by sponsors 120,00% 4.438.560.000,00
VAERT BOOSTED equivalent value 220,00% 8.137.360.000,00

VAERT BOOSTED + AC155 equivalent value 200,00% 16.274.720.000,00

Remaining pool (Total Sponsors pool - Total matched by sponsors) 18.061.440.000,00

Tired mental arithmetic . The error in calculation is mine, I'm sure, as I rounded plenty of figures off to work it out in my head. I was just aiming at pointing out the main issue rather than going for perfect accuracy.

Edit - Also, 500mil sent to VAHFT for VAERT BOOSTing