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[Closed] Private Ventures - Investments › Loans › Raffles

Author
Pridit
Private Ventures
#1 - 2015-09-11 14:50:40 UTC  |  Edited by: Pridit
Private Ventures


Channel: Private Ventures


    Main features
  • Investment system offering daily returns.
  • Collaterized loan requests ranging from 100M to 1B.
  • Robust raffle system awarding prizes up to 1B ISK.


    Key points
  • Real-time balance information.
  • Easy to use system making tasks automated.
  • History log keeping track of every balance change on your account.
  • Deposits, backed by the API, and withdrawals made and requested at any time.


    Investments
    Basic
  • 0.17% per day.
  • 5% return p/m
  • 1,000,000 ISK - 499,999,999 ISK

  • Standard
  • 0.23% per day.
  • 7% return p/m
  • 500,000,000 ISK - 2,499,999,999 ISK

  • Advanced
  • 0.30% per day.
  • 9% return p/m
  • 2,500,000,000 ISK - 5,000,000,000 ISK


    Loans
    Small
  • 113% collateral required
  • 9% return p/m expected
  • 100,000,000 ISK - 300,000,000 ISK

  • Normal
  • 110% collateral required
  • 8% return p/m expected
  • 400,000,000 ISK - 600,000,000 ISK

  • Large
  • 107% collateral required
  • 7% return p/m expected
  • 700,000,000 ISK - 1,000,000,000 ISK


    Raffles
    100,000,000 ISK
  • 2.5M ISK per ticket
  • 15 tickets max pp
  • 60 tickets draw

  • 500,000,000 ISK
  • 15M ISK per ticket
  • 10 tickets max pp
  • 40 tickets draw

  • 1,000,000,000 ISK
  • 57.5M ISK per ticket
  • 5 tickets max pp
  • 20 tickets draw


About
The system was initially created within the span of just two days. Every other bank or investment opportunity I found in MD dealt almost exclusively within sheets which, while can be efficient, in the end isn't as efficient as having a system micro-manage each aspect from deposits to withdrawals. I'd much rather deal with a database so I set out to create a system that would normally have to be managed with sheets, by doing this I can ensure an easy to use, streamlined experience while also reducing my time spent on it to instead focus on profitability.

Fund delegation
I am a station trader. An increased capital will allow me to stretch the available balance out across several more high value items and possibly supply other markets depending on logistical factors. Right now, I can comfortably do anywhere between 300-500m/day with only a few hours of input per day. I am looking to increase this and make my process more passive.

Risk assessment
At a glance this may come across as another, stupid boring old ponzi scheme scam which I can assure you it is not. I am looking to create a legitimate, long-term service which I hope can one day be self-sustaining. I have read countless other threads and scams where the end goal has always been to fleece you and it honestly does not interest me. It is entirely up to you whether you want to invest or not but I can guarantee you that this service will never become a scam.

http://private-ventures.co.uk/

More information can be found on the website. If you have any other queries please let me know.
Dethmourne Silvermane
Silvermane Holdings LTD
#2 - 2015-09-11 16:24:49 UTC
How much would you charge to license this tool to another person? I'd love to have this functionality.

Interested Party (TM)

Pridit
Private Ventures
#3 - 2015-09-11 16:39:26 UTC  |  Edited by: Pridit
Dethmourne Silvermane wrote:
How much would you charge to license this tool to another person? I'd love to have this functionality.

Thanks for your interest.

Right now, since the tool has only just launched I wouldn't feel too comfortable licensing it out for a number of reasons. What I will say is everything I've done does not require much work provided you are already well versed in some type of language, I'm using PHP. The API provided by CCP is excellent alongside the PhealNG library that I'm using.

I want to continue development and ensure it is absolutely issue free at this point. If you have any feature requests I would love to hear them and possibly, if there's still demand, I would consider licensing it out at a later point in time.
Dethmourne Silvermane
Silvermane Holdings LTD
#4 - 2015-09-12 13:17:52 UTC
"well versed in some type of language" is where I fail. I'm a project manager at heart, not a developer.

Interested Party (TM)

Nouva MacGyver
Jedrzejczyk Integrated Capital
Minerva Exalt Holdings
#5 - 2015-09-12 14:11:57 UTC
This all seems rather well done on the surface.

Do you have a cap on total deposits in mind where you foresee the interest rates you're paying out is no longer sustainable? Business models like these always makes me jittery when there are no indicators as to how much capital the venture can optimally handle.
Pridit
Private Ventures
#6 - 2015-09-12 14:15:33 UTC
Nouva MacGyver wrote:
This all seems rather well done on the surface.

Do you have a cap on total deposits in mind where you foresee the interest rates you're paying out is no longer sustainable? Business models like these always makes me jittery when there are no indicators as to how much capital the venture can optimally handle.

Thank you, completely understandable. While I don't really have any exact figure until I gather more statistics and clients, I would ballpark somewhere in the region of 50b at the 12% rate at my current pace with my current capital to continue paying out interest without issue.

If this were to be exceeded, I may implement a cap but will not reduce the interest rate. Once I expand my endeavors this could be increased, but for the moment I don't foresee hitting the cap.
Nouva MacGyver
Jedrzejczyk Integrated Capital
Minerva Exalt Holdings
#7 - 2015-09-12 15:18:45 UTC
Thanks for those answers.

Your website - are there any user functions, features or interactivity one can expect beyond the registration and the information you've put in it so far at the moment?

What happens once an investment from a character is made (in terms of confirmation, checking on one's own investment details, etc)? And what is the withdrawal procedure?

And out of curiousity, has anyone taken up this service since you started this thread?
Nero Farway
Imperial Academy
Amarr Empire
#8 - 2015-09-12 15:20:22 UTC  |  Edited by: Nero Farway
A few questions and suggestions:

Why do I need to enter an email and a password? If this is only accessible from ingame and uses ingame information, no password is needed. An email is never needed except if you want to use it in case someone forgets his password. However, a password recovery option does not exist.
In fact, one could get the idea you are phishing for mail/password combinations.

Other suggestions:

-Let people deposit to any Account run by you. This could be solved by crediting deposits with the "Reason" field to the character who sent the money, but allowing people to add any Character name in the "Reason" field on order for it to be credited to that persons Account.
Why? Because then people who are currently not able to get into the game can verify that they got money from someone (in case they just started a loan request) or someone who is not subscribed currently can receive money and actually use it, which leads me to the next suggestion:

- Let people send money to other accounts on your website and let people withdraw to any Account.
Why? Because that would allow people to actually send ISK without having to be subscribes or logged in, and when sent on your website if would be instant. Someone who doesn't currently play eve actively could keep his money invested that way.

- Allow times payments.
Why? With loans, there are regular payments to be made. This could be automated if both parties have an account with you. As an additional service this could be done with ingame payments as well which are then subtracted from the senders account with you. For the latter, you could charge extra.

- Let people Create an account from outside the game.
Why? A lot of people just read the forums when they are somewhere where they do not have access to eve. If they cannot see how your website works and only see the one page saying they need to be ingame, they'll leave and maybe never come back. However, if they can make an account right away and see how everything is set up and what options there are (especially if you add some more options), then they are more likely to come back an invest.
Besides, you already ask for a username, a password an an email addresse, so there is literally no need for someone to access your site via the ingame browser.

Edit: One more question: Where is the withdraw button? I cannot find it. I don't have anything invested (yet) though. Does it only appear if theres ISK on the account or is it just not implemented yet?
Pridit
Private Ventures
#9 - 2015-09-12 15:25:25 UTC  |  Edited by: Pridit
Nouva MacGyver wrote:
Thanks for those answers.

Your website - are there any user functions, features or interactivity one can expect beyond the registration and the information you've put in it so far at the moment?

What happens once an investment from a character is made (in terms of confirmation, checking on one's own investment details, etc)? And what is the withdrawal procedure?

And out of curiousity, has anyone taken up this service since you started this thread?

Thanks for your reply.

Right now, it's very bare-bones as it really has only just gone live. I'm looking for user input on any features you would want rather than me trying to guess or making a mess of things. I have a few ideas of what I want for the user side such as reports, maybe a graph on two on interest generated - that sort of thing. Beyond that, I'm open to suggestions.

Once you make an investment a check is made every 15 minutes, though I've found it can be cached for 30, looking for the deposit, once this is found the balance is automatically added to your account and can be viewed at any time when logged. A withdrawal option appears once you have sufficient balance to process one, it shows as an option in the navigation bar. You select an amount and hit withdraw, this then goes to me and I manually process it but the balance will show as unprocessed until this has happened.

Yes, I have received one investment so far but outside of this thread. I don't expect people to be trusting especially as I have not built any rep so I can't be surprised I have had zero investment as a result of this thread. This will be my only form of advertisement as I would prefer to generate clients through word of mouth than any other means.

If you wish to know anything further please don't hesitate to ask.
Pridit
Private Ventures
#10 - 2015-09-12 15:35:45 UTC  |  Edited by: Pridit
Nero Farway wrote:
A few questions and suggestions:

Why do I need to enter an email and a password? If this is only accessible from ingame and uses ingame information, no password is needed. An email is never needed except if you want to use it in case someone forgets his password. However, a password recovery option does not exist.
In fact, one could get the idea you are phishing for mail/password combinations.

Other suggestions:

-Let people deposit to any Account run by you. This could be solved by crediting deposits with the "Reason" field to the character who sent the money, but allowing people to add any Character name in the "Reason" field on order for it to be credited to that persons Account.
Why? Because then people who are currently not able to get into the game can verify that they got money from someone (in case they just started a loan request) or someone who is not subscribed currently can receive money and actually use it, which leads me to the next suggestion:

- Let people send money to other accounts on your website and let people withdraw to any Account.
Why? Because that would allow people to actually send ISK without having to be subscribes or logged in, and when sent on your website if would be instant. Someone who doesn't currently play eve actively could keep his money invested that way.

- Allow times payments.
Why? With loans, there are regular payments to be made. This could be automated if both parties have an account with you. As an additional service this could be done with ingame payments as well which are then subtracted from the senders account with you. For the latter, you could charge extra.

- Let people Create an account from outside the game.
Why? A lot of people just read the forums when they are somewhere where they do not have access to eve. If they cannot see how your website works and only see the one page saying they need to be ingame, they'll leave and maybe never come back. However, if they can make an account right away and see how everything is set up and what options there are (especially if you add some more options), then they are more likely to come back an invest.
Besides, you already ask for a username, a password an an email addresse, so there is literally no need for someone to access your site via the ingame browser.

Edit: One more question: Where is the withdraw button? I cannot find it. I don't have anything invested (yet) though. Does it only appear if theres ISK on the account or is it just not implemented yet?

Thanks for your reply, I'll try to go through this piece by piece.

1. Registration can only occur in-game for the purposes of retrieval of character information. Logging in and accessing the site, as well as withdrawals can be processed out of game by logging in with the details input during registration. Yes, I could be phishing I suppose? In that case, I suggest using information not used by anything else. Passwords are encrypted and during log in hashes are checked, your password is never in any plaintext form.

Emails will be used for account recovery and password changing, it's not implemented yet but it's on my to do list. I require an email only for this purpose and won't be used for any other or given to any third-party.

2. I'm not going to allow withdrawals to take place to any account that wasn't used during registration. This is mainly for security purposes, so in an event where your account is compromised anyone logged in cannot perform any activities that would help them in any way.

3. I know having registration taking place in-game may alienate people not currently subscribed or wanting to go through the hoop but this is a security precaution and used for verification. EVE-Bet and iwantisk enforce similar requirements in order for registration to take place.

4. As noted previously, withdrawal option only becomes available when you have enough balance to process one. You select an amount and submit, this then goes to me which I manually process. Until then it will show in your account as unprocessed.

As for the other suggestions, I will definitely take those on-board when going forth with development. Depositing to any account is a good idea, and would not be hard to implement.
Nouva MacGyver
Jedrzejczyk Integrated Capital
Minerva Exalt Holdings
#11 - 2015-09-12 16:02:05 UTC
There's another opportunity available in MD within the past month along similar lines - in essence you both present the same level of risks, but you have higher interest rates across the board compared to that one at this moment (i.e. same level of risk but a higher reward). But, the automated system has piqued my interest.

I will be investing an odd random amount below 100mil shortly to check out these features and see how it pans out. No other questions for now and thank you for your time.
Nero Farway
Imperial Academy
Amarr Empire
#12 - 2015-09-12 16:31:58 UTC  |  Edited by: Nero Farway
Pridit wrote:

2. I'm not going to allow withdrawals to take place to any account that wasn't used during registration. This is mainly for security purposes, so in an event where your account is compromised anyone logged in cannot perform any activities that would help them in any way.

You say "mainly for security reasons", so what are the other reasons?

Regarding the security thing, it would be the same if people transfer the amount to their account on your site and then withdraw. So theres not really any security gained if you plan to offer that.
But I got a few ideas regarding security in that case:

- you could require 2FA for in the form of either an email confirmation link having to be clicked or the withdrawal coming from the account owner via the ingame browser in order to verify his identity. It would be best if the client could choose between email authetication / ingame authentication for that purpose. Both can be easily automated and thereffore do not cause additional work once implemented.

- you could require 3FA or optionally let people choose to enable 3FA using both additional authentication factors mentioned above for that feature.

So, if it's really just a security issue, I am sure that can be fixed :)

Pridit wrote:

3. I know having registration taking place in-game may alienate people not currently subscribed or wanting to go through the hoop but this is a security precaution and used for verification. EVE-Bet and iwantisk enforce similar requirements in order for registration to take place.


I see how it can be a security problem based on your how you implemented character-related stuff regarding character name hijacking. While this could be fixed, it would require some work.
However, in the current form only Characters can create Account, which Corporations, Alliances, groups with a common interest etc. cannot create accounts. Maybe you want to think about that again. I'l really like to be able to just create an account and maybe add all my characters to it. Also, when a character gets deleted it's much easier to just have a non-character-based system, especially because someone else could just re-use the name and go empty that Bank account =/


Pridit wrote:

4. As noted previously, withdrawal option only becomes available when you have enough balance to process one. You select an amount and submit, this then goes to me which I manually process. Until then it will show in your account as unprocessed.

Thanks for the information. I will soon invest a small amount to test the features and see how everything works.

Edit: Just deposited a small amount. Btw.: Is there an ingame channel where you can be reached?
Pridit
Private Ventures
#13 - 2015-09-12 16:46:34 UTC
Nouva MacGyver wrote:
There's another opportunity available in MD within the past month along similar lines - in essence you both present the same level of risks, but you have higher interest rates across the board compared to that one at this moment (i.e. same level of risk but a higher reward). But, the automated system has piqued my interest.

I will be investing an odd random amount below 100mil shortly to check out these features and see how it pans out. No other questions for now and thank you for your time.

Thanks, I've just seen this get processed. As for the other opportunity, I read that thread thoroughly before making my own to see what sort of response I would get. I am thankful it has not yet been hostile.

Nero Farway wrote:
Pridit wrote:

2. I'm not going to allow withdrawals to take place to any account that wasn't used during registration. This is mainly for security purposes, so in an event where your account is compromised anyone logged in cannot perform any activities that would help them in any way.

You say "mainly for security reasons", so what are the other reasons?

Regarding the security thing, it would be the same if people transfer the amount to their account on your site and then withdraw. So theres not really any security gained if you plan to offer that.
But I got a few ideas regarding security in that case:

- you could require 2FA for in the form of either an email confirmation link having to be clicked or the withdrawal coming from the account owner via the ingame browser in order to verify his identity. It would be best if the client could choose between email authetication / ingame authentication for that purpose. Both can be easily automated and thereffore do not cause additional work once implemented.

- you could require 3FA or optionally let people choose to enable 3FA using both additional authentication factors mentioned above for that feature.

So, if it's really just a security issue, I am sure that can be fixed :)

Pridit wrote:

3. I know having registration taking place in-game may alienate people not currently subscribed or wanting to go through the hoop but this is a security precaution and used for verification. EVE-Bet and iwantisk enforce similar requirements in order for registration to take place.


I see how it can be a security problem based on your how you implemented character-related stuff regarding character name hijacking. While this could be fixed, it would require some work.
However, in the current form only Characters can create Account, which Corporations, Alliances, groups with a common interest etc. cannot create accounts. Maybe you want to think about that again. I'l really like to be able to just create an account and maybe add all my characters to it. Also, when a character gets deleted it's much easier to just have a non-character-based system, especially because someone else could just re-use the name and go empty that Bank account =/


Pridit wrote:

4. As noted previously, withdrawal option only becomes available when you have enough balance to process one. You select an amount and submit, this then goes to me which I manually process. Until then it will show in your account as unprocessed.

Thanks for the information. I will soon invest a small amount to test the features and see how everything works.

Edit: Just deposited a small amount. Btw.: Is there an ingame channel where you can be reached?

Thanks, this will get processed soon. Should be within 30.

I take security pretty seriously, the reason is that you can't be impersonated by anyone else as both your ID and name are gathered and checked with the system. 2FA is something I will also consider.

Once again thanks for the suggestions, definitely something I will consider. I didn't look as far ahead as to corp/alliance usage or character biomass but it's absolutely something I need to factor in. Right now it is just early days, but these suggestions will help me to expand the system.

I have made an in-game channel named simply "Private Ventures". When I'm on, I'll idle in there and can be reached.
Illegal Spokeswoman
Doomheim
#14 - 2015-09-12 17:50:13 UTC
Competition fuels innovation.

Time for some real market pvp Blink


II
Nouva MacGyver
Jedrzejczyk Integrated Capital
Minerva Exalt Holdings
#15 - 2015-09-15 06:27:29 UTC  |  Edited by: Nouva MacGyver
Been periodically looking at the Private Ventures website from time to time. Risk of scams aside, very happy to see the minute changes happening for user accounts these past few days. Bare bones as it may be, it's clean, easy to see figures and it's good seeing total sums invested and deposits involved.

May invest just a little bit more and bank myself into the 10% Standard plan at some point.

By the way, is there any chance you'll be looking at an audit from a trusted third party somewhere down the line?
Pridit
Private Ventures
#16 - 2015-09-15 09:27:55 UTC  |  Edited by: Pridit
Nouva MacGyver wrote:
Been periodically looking at the Private Ventures website from time to time. Risk of scams aside, very happy to see the minute changes happening for user accounts these past few days. Bare bones as it may be, it's clean, easy to see figures and it's good seeing total sums invested and deposits involved.

May invest just a little bit more and bank myself into the 10% Standard plan at some point.

By the way, is there any chance you'll be looking at an audit from a trusted third party somewhere down the line?

Firstly thanks for your words. I understand it's pretty simplistic, but in everything I do it's more of a priority for me to go with minimalism for a number of reasons. Like I previously said though you'll be given quite a bit more information about your account, I spent a majority of yesterday completely restructuring the database for statistical purposes and later corp usage.

Eventually I'm thinking about having account creation possible outside of the game and then adding your characters, similar to what Nero suggested a few posts back. The back-end would now allow for this. For example you could make a deposit of 1 ISK with a reason code or something and this then gets tied to your account, you'll then be able to withdraw to any character that is tied to this account, so this is where it could benefit corporations. To combat any malicious activity, email verification will be required prior to the character being tied.

I would love to have an audit, but I suppose I don't really know enough about the service or the people who can provide it.
Jeronica
The Terrifying League Of Dog Fort
Deepwater Hooligans
#17 - 2015-09-15 18:07:00 UTC
Pridit wrote:
Nouva MacGyver wrote:
Been periodically looking at the Private Ventures website from time to time. Risk of scams aside, very happy to see the minute changes happening for user accounts these past few days. Bare bones as it may be, it's clean, easy to see figures and it's good seeing total sums invested and deposits involved.

May invest just a little bit more and bank myself into the 10% Standard plan at some point.

By the way, is there any chance you'll be looking at an audit from a trusted third party somewhere down the line?

Firstly thanks for your words. I understand it's pretty simplistic, but in everything I do it's more of a priority for me to go with minimalism for a number of reasons. Like I previously said though you'll be given quite a bit more information about your account, I spent a majority of yesterday completely restructuring the database for statistical purposes and later corp usage.

Eventually I'm thinking about having account creation possible outside of the game and then adding your characters, similar to what Nero suggested a few posts back. The back-end would now allow for this. For example you could make a deposit of 1 ISK with a reason code or something and this then gets tied to your account, you'll then be able to withdraw to any character that is tied to this account, so this is where it could benefit corporations. To combat any malicious activity, email verification will be required prior to the character being tied.

I would love to have an audit, but I suppose I don't really know enough about the service or the people who can provide it.


As I suggested in your chat, eve's SSO is pretty secure in that regard. EVE's server will pass the response of character info, I personally use the character ID as the unique identifier. They'll need to use that character to send isk, but won't require the ingame browser to register, plus you dont need to worry about passwords :)

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Stella Lass
MWC922
#18 - 2015-09-16 15:11:13 UTC
1 bill deposited
Pridit
Private Ventures
#19 - 2015-09-16 19:21:16 UTC  |  Edited by: Pridit
Just thought I'd post to give a bit of an update on what's changed in recent days.

  • Lots of back-end restructure for statistical purposes and the roadway for corp accounts, should there be any demand. To expand on this, it's been set up so multiple characters can be assigned to one account, back-end wise right now.
  • Balance history. Every balance change is now logged and can be viewed when logged in. I had to do some manual entry and restructure a few things so let me know if anything doesn't add up and I'll investigate it.
  • Recovery option if you forget your password. You'll be sent a link to change it.
  • Public statistics straight from the database, accessible to all and displayed on the homepage.

I may end up doing what Jeronica suggested with SSO, but I feel I'm too inexperienced to be delving into that. I will do some research and find out if it's feasible for me to do. It would save a lot of hassle and put to rest some security concerns.

Still lots on the way including everything I mentioned in the OP. Still happy to hear any suggestions, quicker to do the more likely they'll get implemented. Everything else I'm still researching or paving the way to implementing.
Amarr Citizen 155
Nordar Innovations.
#20 - 2015-09-18 04:34:36 UTC
In the statistics section could you add # of account holders in each account type and total # of accounts?
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