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Goron Goron
The Shade Tree
#1 - 2017-01-30 19:46:00 UTC
Hello,

I am seeking some advice and/or interested parties on expanding The Shade Tree (selling service for roaming pilots out in null) to include others running it on the back end. It has become slightly less active due to the holidays and some real life deadlines but I'm looking to expand it and make it more robust (less dependent on me while still providing the service to pilots).

The plan is that the other brokers never have access to more ISK than they already put into the program. As an example the level 1 broker would put up 1 billion and gain access to the corresponding wallet division that keeps 1 billion stocked. I or another would restock this wallet after transactions that were seen to be legitimate. Only I will be creating the courier contracts or having access to the bought assets from other pilots.

The idea is that already existing market alts might choose to opt into this and at the end of each month the net profits (if any) are split to the brokers based on how many contracts they processed out of the total that month. I am not included in this payout as I already believe I have the margin about as low as it can safely go to avoid having the program go negative due to fluctuating markets.

What are you thoughts on this and are there any issues you see?

-Goron
Garen Sobek
Doomheim
#2 - 2017-01-30 19:57:14 UTC  |  Edited by: Garen Sobek
I might have some interest in this, my problem though is I have no interest in net profit and instead would like a share of the gross. Also whats to stop you from taking the money and running?
TheSmokingHertog
Julia's Interstellar Trade Emperium
#3 - 2017-01-31 00:59:12 UTC
Garen Sobek wrote:
I might have some interest in this, my problem though is I have no interest in net profit and instead would like a share of the gross. Also whats to stop you from taking the money and running?


You could push it in a holding company managed by a third party.

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-
Goron Goron
The Shade Tree
#4 - 2017-01-31 02:27:14 UTC
To put it in perspective the profit isn't exactly numbers a good market player will consider significant. With the goal being the margin as low as possible an example is that with the first several months of the program running it only managed to increase the funds by 1 billion with around 50 billion paid to pilots at that point.

I understand the gross vs net issue but my ultimate goal is that the program continues to function so if market fluctuations leave the 'profit' smaller than other months then its just how things play out. There has been one or two occasions so far where this occurred. I am not going to lie about any of this to sugar coat it.

The only thing insuring I don't cash grab is the track record of the program so far. You can see the first public post about the program here. In addition, past courier contracts once enough loot has accumulated can be seen via the Shaded Jackals corp's history. Only a few have been done since I decided to expand the program and put it into a neutral corp.

I have more interest in being able to use this a roaming pilot myself. That is why I started The Shade Tree and my goal is insuring it won't be destroyed from the inside if i bring in other brokers but I do want to offer some incentive. The idea is it would just be some side ISK if you were doing your normal market plays and then a sell contract popped up. You would verify it was done correctly and accept it for corp.

I'm not opposed to incorporating a trusted third party and would gladly start that conversation. Who would you suggest, why, and how would you suggest it be organized in order to be more trusted?
Garen Sobek
Doomheim
#5 - 2017-01-31 06:15:53 UTC
I think what your doing is a great idea, that being said after looking at the returns investing in this enterprise would be closer to donating to a charity. As a whole your net profit is 3.8% according to your reddit post. That means(If profits were divided equally according to amount invested) if I gave you 1B right now I would be looking at a .076% return on my investment(This is extremely low FYI). To make matters worse, since I haven't bought any shares or any other type of investment tool. The only thing I own is that 1B, so as the "fund" continues to grow my return will continually shrink. In order to make this a worthwhile investment you would have to fundamentally change the entire structure of it.

To be completely honest man I would just keep doing what your doing and seek investments from the players who are actually using this service. For those players it makes since to put their money in because they can actually profit by selling back to it.
Goron Goron
The Shade Tree
#6 - 2017-01-31 13:00:03 UTC
All of that is correct except the 'profit' margin is actually closer to 1.8% due to taxes when selling goods (assuming no market fluctuations on the items). The 3.8% is from when I started off at 85% paid. I do agree its closer to a charity setup due to how it is structured and the goals but I hesitate to call it that due to past PR manipulation with the idea of charity in EVE.