Market Discussions

Starting today at midnight, VAERT BOOST donation upper cap of 500M is lifted.

Any amount of donation will be accepted as long as it fits within the sponsorship pool.

Exceeding amounts will be sent verbatim to Chribba / AC155.

VAERT BOOST Update

ISK has been succesfuly delivered to Chribba and the amounts match to the decimal

As per the reports above VAERT sent:

12,097,360,000 ISK
1,198,800,000 2 x PLEX
Total: 13,296,160,000 ISK


Here's the current Trillion ISK Initiative tracker page, we figure as Vahrokh Financial Technologies (that is VAHFT, the collecting VAERT BOOST corp).

VAERT BOOST charity initiative has now officially ended!

After yesterday's donations cap lift Amarr Citizen 155 generously donated 10,168,858,333.33 ISK to top up the sponsorship amount.

In fact 10,168,858,333.33 ISK got matched with 120% from the fund, that is 12.202.629.999,996 ISK.

Total to send to the 1 Trillion ISK initiative is the sum of the two:

22.371.488.333,326, ISK, rounded up to
22.371.488.333,33 ISK.

Screenshot of the final amount being sent.

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Official fund situation after the ISK has been sent

Taken from the online Google Docs sheet located here.


Donors

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

01/12/2013 Rykker Bow 500.000.000,00 Cash 1,00 500.000.000,00
02/12/2013 James Hawkwood 2,00 PLEX 599.400.000,00 1.198.800.000,00
02/12/2013 Marcion Cravik 500.000.000,00 Cash 1,00 500.000.000,00
02/12/2013 Dorian Mirror 500.000.000,00 Cash 1,00 500.000.000,00
03/12/2013 Eternity MistSeeker 500.000.000,00 Cash 1,00 500.000.000,00
03/12/2013 Samroski 500.000.000,00 Cash 1,00 500.000.000,00
03/12/2013 RAW23 500.000.000,00 Cash 1 500.000.000,00
03/12/2013 Fisk Alabel 200.000.000,00 Cash 1 200.000.000,00
04/12/2013 Mercahnt 500.000.000,00 Cash 1 500.000.000,00
04/12/2013 Nanatoa 500.000.000,00 Cash 1 500.000.000,00
04/12/2013 Thomas Harding 100.000.000,00 Cash 1 100.000.000,00
06/12/2013 Amarr Citizen 155 10.168.858.333,33 Cash 1 10.168.858.333,33

Total donated ISK 15.667.658.333,33


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
06/12/2013 Samroski (*) -2.500.000.000 Cash 1 -2.500.000.000,00

Total donated ISK 20.000.000.000,00


Current progress

Amounts Multiplier Totals

Total donated ISK 15.667.658.333,33
Total matched by sponsors 120,00% 18.801.190.000,00
Two PLEXes sent to Chribba after their equivalent ISK value got multiplied 1.198.800.000,00 (value covered by sponsors, bringing their total donated ISK to 20B).
VAERT BOOSTED equivalent value 220,00% 35.667.648.333,33

VAERT BOOSTED + AC155 equivalent value 200,00% 71.335.296.666,65

PLEXes discorporation (**) 1.198.800.000,00
NPC contract fee 1 10.000,00 10.000,00
Remaining pool (Total Sponsors pool - Total matched by sponsors) 0,00


(*) On December 6, 2013, Samroski decided to withdraw his 2.5B sponsorship.

(**) PLEXes Discorporation: PLEX value has been transformed into ISK in the math above and then 120% matched with sponsors
ISK, but then we still have 2 PLEXes on hand that have been accounted already as ISK. The 2 PLEXes have been sent to Chribba
and their equivalent value has been subtracted from the sponsorship pool.

This is how the same VAERT BOOSTED equivalent value of 35,667,648,333.33 appears on Chribba's and AC155's 1 Trillion initiative records. It matches to the second decimal digit

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Conclusions

Many, many thanks to the selfless Donors who made it possible to send that much ISK to Chribba for further multiplication!

Here are the tangible VAERT BOOST results:

VAERT BOOSTED equivalent value: 35,667,648,333.33

VAERT BOOSTED + AC155 equivalent value: 71,335,296,666.65


This means that with PLEX currently selling for about 610M, VAERT BOOST has contributed generating about 117 PLEXes, which translated in dollars means: 1,755 dollars!

That amount will be further augmented by VAERT's own balance when it'll be finalized later.

Unlike killboard accounting, every ISK claimed by VAERT BOOST has been paid and will factually become money.
AC155 is on the same page as well.

I see some competition at creating more way to donate ISK for charity as a good thing. If that involves showing some numbers to entice more people to donate, I don't find it so wrong.
In the end this is not some fractional RL banking, the ISKs do exist, it's not mere chatter.





If Samroski is OK I will forward you my evemail written on 2013-12-03 19:50 exactly detailing the process: use it to raise cap and if we would not get the objective, then make it a donation and fit it in the cap.

I hope I have not done anything to make him feel bad or offended (thus causing the withdrawal), when he asked his ISK back I have sent it back no question asked.

Please draw your own conclusions.

Both AC155's initiative and mine heavily relied on a bonus to be added to each donation. It's just consequential that the converted numbers get posted afterward.

Also, I strongly claim my and VAERT (BOOST) Donors right to be happy about it. Because in the infamous cold, harsh universe where everybody IS out to get you, we demonstrate people can better than that, even with no reward, no "politically correct" customs or anything. And in doing that, we factually help somebody else.

I do understand your point... and I suppose we'll have just agree to disagree.





What do you want I say, that we did have an agreement and he did infamous things to it? No, he took his decision I don't want to put my nose into as it's his personal choice if and how to donate his ISK.

I put him before 3 choices, with the math done for each of them and he rightfully chose one. Period.




Donations come a lot in the last few days. I won't want to create a fund whose only destination is to send ISK to AC155, go to bed, wake up and find out some rich American players filled it and then what do I do? I'd have ISK from people who trusted me to make it multiplied and with what face am I going to tell them: "sorry I have neglected my manager role and now the doors have closed, your donation is now detuned".

Considering there's a third party invovled, sending the donation in tranches is just prudent and due diligence.

Samroski's ISK did not get sent to AC155 at any time and I made sure there was enough funds left to convert his whole amount to donation and multiply it with my money alone.
Therefore even without calling the above paragraphs into cause, we are arguing about a non issue. Because his ISK was fully here and fully covered till the drive has ended.

These were my unvoiced questions. Because I do not doubt VV's integrity, I decided to leave things be. I wanted to give VV the benefit of doubt, as I have had a long association with him, and know that he would not deliberately do anything wrong.

When VV posted that the ISK had been donated, accurate to the last decimal, it would have been nice to have got the 3 options at that time- not many hours later after I had posted to ask what had happened to my ISK. Had I been informed at that time of the American donor etc. and the plan to boost the ISK later (or the simple statement suggested above by Nanatoa), I would have left the 2.5b with VV. In the circumstances, I decided to withdraw the 2.5b on principle. I honestly felt that we were just dealing with just a few billion, and keeping, and posting an accurate record of a handful of donors, and keeping people informed of any future plans was not a very tough job.

Having said that, I also know that VV is involved in many other initiatives related to PLEX for Good, and I also want to give him leeway in this context; juggling many things at one time can be tricky.

At the end of the day, my interest is in getting the ISK to charity, and I am grateful to AC155, Chribba and VV for motivating others to donate. It does not really matter who donated more. I am positive that there were no bad intentions on VV's part, and this minor incident should not overshadow his long time efforts for charity via Eve.

Credits

I wish to express my utmost gratitude to the real VAERT (and Sister Funds) owners: the Donors. And the other kind people like Rhivre who managed a charity Raffle, AC155 and Chribba for their massive personal involvement.

Without them, this would be just an exercise of accounting, without their generosity there would be no fruit.

Only thanks to them, we are sending a tangible help to Philippines.

Only thanks to them, I may read this kind of post (this is related to Rhivre's raffle).

Yes I am not discerning between VAERT and other initiatives Donors, because there are no borders to a generous heart.

A special thanks goes to RAW23. Hadn't been for him "strong-arming" me back into re-opening VAERT, today Philippinos would get some thousand dollars less than what his gesture made possible.

VV thank you for the clarification, and the personal correspondence in this matter. The misunderstanding was entirely on my part, and I apologize for for my hasty decisions and comments. Look forward to continuing out joint efforts for charity via Eve.

Thanks for the clarification Samroski. It seems a bit better communication could've prevented the misunderstanding (note for VV: more words does not mean better communication).


I'm not sure if 'moaning' is entirely fair. I am being critical yes. Meanwhile, don't forget I traded VV PLEX in 0.0 for PLEX in Jita, I sold VV cheap PLEX, I donated to VAHFT, and I made my own donation to AC155's doubling effort.* I helped where I can. I don't include fawning over anyone to be helpful.

*As did you I noticed. We all do what we can.

I'll take one.

MDD