Originally Posted by ondaderthad
Can you explain the withdrawal rules in more detail.
How can I calculate the maximum available to withdraw if I have some upgrades in both plans.
What happens if my original $30 upgrade in the kickstart plan has expired and I have a $60 upgrade in the Bronze plan. Is there any advantage in purchasing a new upgrade of $30 in the Kickstart or $30 extra in the Bronze?
I am willing to play along but I need to know the implications.
BTW ... payments received - no problems.
The short answer would probably be: go the easy way, just stay with $60 maximum, so that ALL of the earnings can be withdrawn daily, without “leftovers” on the account balance, if that is the goal. This is regardless of the combination of how much and in which plan money are deposited to make it the total of $60. This deposit limit corresponds to the allowed maximal daily withdrawal of 14.40.
Well, thanks to you, I just realized that the maximum withdrawal needs to be 20 cents more, to account for the case when there is $30 in the Start Kick plan and $30 in the BRONZEplan. Difference in daily percentages makes it a bit higher, than if all $60 where in the BRONZE plan.
However, the potential advantage of adding deposits to over $60 (or other maximum) could be in the fact, that earnings will mature and accumulate for an extra withdrawals on the days (could be more then one day, depending on the amount of extra deposit) following active deposits expiration. Another advantage could be if the maximum deposit (therefore daily withdrawal) limit is raised, while there is accumulated balance on the account. It means, there will be money available for immediate withdrawal the same day when the maximum is raised. This gives an extra 24 hour advantage if compared to maturation of deposit made the same day as the limit is raised. With the plans like we have now (24% and 28% daily), this gain could be of significance when the round reaches much higher maximum levels.
Overall, I agree that the way we are trying to present the system right now, is a bit confusing. Perhaps, instead of limiting the withdrawal amounts, we could have set the maximum on deposits and no limit on withdrawals, but the problem here, is that script doesn’t have such option. Plus, an extra advantage described above, would be lost too. So, for now, we are going to stay where we are on limits, especially considering the fact that paying the next day of withdraw requests placed on previous day, seem to be a good solution to achieve what we want..
Even though we still might have some roadblocks in the game that needs “fine tuning”, I REALLY would like to emphasize that, as you can see from this very round, an approach of “low spend at start” is working. This is the a mean to extend the longevity of the round. By the way, I am NOT saying that every round must start from $20. As we grow bigger, and people understand the concept better, we will not need to start that low.
Sorry that came out a bit lengthy. For that reason, let me just summarize all of the current rules in just few sentences that users could use to make their own decisions:
1. Maximum daily withdrawal limit is currently set to $14.60
2. Payouts will be processed during the day, following the day on which such requests were made.
3. All deposits made on any given day, are assigned equal entry time point of day zero.