[SentiBank] Western Bank Relaunch
![Norway](http://www.erepublik.net/images/flags_png/S/United-Kingdom.png)
Major Lee Hung
![](http://www.brandcrowd.com/gallery/brands/pictures/picture12588248324336.jpg)
Back with a New Name and Logo!
For those of you who remember Western Bank, it was a bank that I launched in the back-end of April offering returns for everybody. It's been around three months since we launched, and investors have made over 100% profit so far in real-terms. Following some consultation with investors, we concluded that this wasn't enough!
It's time for a new brand. A new business model. A new opportunity.
SentiBank
SentiBank will operate differently to Western Bank, though the fundamentals are still there.
SentiBank is for those who like to role-play the economics module. (Or just make extra money!)
After consultation with both past and existing investors & customers, it was concluded that this was the best way to move the bank forward. A total rebrand to go with our new, more efficient operations. All existing shares have been converted in to an equivalent in bonds.
No More Shares
Shares are no longer sold - instead, we offer Bonds. Shares were a huge limitation in our operations. We only ever issued 1,000, all of which were snapped up in a couple of hours. I had dozens of people in the coming days asking to invest, all of whom I couldn't offer shares to due to being sold out.
With bonds, we can scale the business dependent on performance - this gives us the opportunity to raise enough capital to really offer huge returns. This flexibility will be a major boost to our revenue.
Now for the biggest positive: The bonds will never go down in value, I promise that they only ever go up. Unlike shares, they're related to how much your cut makes; not how much it's worth.**
**This doesn't include the high-risk product, more info below.
A Bigger Team
We're planning to expand our operations to maximise profits. Directors will be voted in by investors, each director being allocated some of the investments to give a return to investors, in exchange for a wage. If you'd like to apply to be a director, message me to begin the selection process.
🙂
The additional ideas, resources, infrastructure and assistance we're bringing in will translate directly in to higher profits.
More Investors
As mentioned, our previous downfall was the massive limitation of only ever issuing 1,000 shares. It essentially became an exclusive club in which around two dozen people were actually profiting - though many dozens wanted in. I did manage to double everybody's money in the time since launch (Not including the dividends or eWorld deflation, which bring profits to around 200
😵and we feel we can do way more than double in a 3 month time frame in this new form, with the support of more investors and more ideas.
Bigger Infrastructure
I recently invested heavily myself in to a bigger infrastructure for the bank. More companies, more cash assets to put in myself and the ability to scale the business up or down depending on market needs. Our massive infrastructure, spread across three eRepublik citizens within the current team; makes us collectively one of the (maybe THE!) biggest WRM producers in the eWorld, totaling thousands of gold worth of company assets. Again, this translates directly in to profits.
Security
SentiBank is guaranteed 100% by my own assets. If things start to go wrong, (which is unlikely in the normal bonds!) I can easily refund all investors with their initial investment + some compensation.
I've proven over the last few months that I can be trusted to many, just ask any of our many existing investors & customers for a testimony! I've never defaulted on a payment and have always repaid when requested. Further more, I've given everybody who stayed with me to this point over 100% extra worth of returns. (Up to 200% if you include dividends)
![](http://britishdemocraticparty.org/wp-content/uploads/2013/06/money.gif)
Could your investment bring this in each week?
The New Bonds
You can purchase one of the following:
Premium Bonds
Price: £200 each
These are reserved for long-term customers. (Currently on offer to previous Western Bank customers & investors who now finally have the opportunity to increase their stake)
A significant number are sold already, prior to this official launch.
General Bonds
Price: £100 each
These bonds are the lower risk bonds, and will be used only in activities I know a profit can be turned on. Any number of bonds can be bought.
These are guaranteed against my assets, and are therefore 100% secure.
High-risk Bonds
Price: £100 each
These bonds are exempt from guarantees, are are invested in to higher-risk activities. The return could be massive or tiny. I'll only ever invest in things I personally think can turn a profit. Whether you want to take big risks or not, the choice is yours! Unless you have much money to spare, I'd recommend the General Bonds.
How the Bonds will Work
-You purchase the bonds from me (process below)
-Every Sunday, you're donated the amount your bonds have made. This amount is decided by bank performance.
-Your bond always remains at the price you paid for it, with any earnings going directly to you. To request this money back, simply message me and it will be repaid.
Purchasing Bonds
Simply end me a message with the following:
Bond Type:
Quantity:
Opt-in to the Board of Investors: (Yes or No, see below for more)
I'll reply with the total cost, and once you donate that cost to me I'll add you to the investor list.
![](http://farm7.staticflickr.com/6121/5930180368_66c78bdc76.jpg)
Our massive infrastructure now equal your profit, following my move completely away from politics.
Want More Fun in the Economic Module?
Anybody who purchases bonds will be allowed to opt-in to the board of investors, which will be conducted via in-game messages. From here, you can discuss with other investors our direction, find out in real-time what's happening and have a much more hand-on experience of the economic module.
Invest today for big returns tomorrow! We already have a decent portfolio of both investors and our own investments, we now have the opportunity to let those who want to contribute have the ability to contribute.
🙂
Comments
Wait. What are you doing back here! : P
Good question!
Excellent article!!.I"ll might take it the bonds!!.Voted,shouted and subed!!l
Interesting proposition just a few details I'm interested in which didn't seem to be covered, mainly how often is the coupon paid on these bonds and do they have a set period after which they mature ? If there is no maturity date is there another mechanism for cashing in the bonds? Any responses to these questions would be greatly appreciated.
Might have forgot to add this to the article!
Earnings on bonds are paid every Sunday; amount is dependent upon the overall performance of the investment that class of bonds is put in to.
The bonds don't mature; people can simply message me to cash them in at any time. The full amount of 100CC per bond will always be there, and earnings paid in to them weekly. 🙂
Given the 100%+ with western bank, you can count me in Josh \o/
Dont give in to the capitalist system!
Oh and josh did you get that 2k alright yea? 😛
Yup! 🙂
Yay, the poor eRepublin00b can invest now \o/
We've so far sold 213 bonds, representing 11 sold for every hour since launch. 🙂
Returns are currently looking very nice!
It doesn't really say what is the % or $ on returns for bonds and such per week... why is that?
It varies dependent upon our performance, and therefore changes each week.
I can give rough estimates but I can't give an accurate figure unfortunately.
I'm definitely interested if you want to send me a PM.
How are you actually generating money with investments
As I no longer play the game for any other reason, I've dedicated all of my companies to this as it's something that actually keeps me playing eRepublik. Companies and resources are currently spread out across a few players, which forms the solid base of our incoming. (Guaranteeing people will always make at least more than they'd get from companies)
Fluctuations in market prices recently have been a constant source of profit, so again that money will now go in to this.
Due to the number of us involved, we're able to play the MM with some degree of profit every day or two to ensure there's another revenue stream, until we can get orgs again. (Currently in talks with nations who operate org rental schemes)
Finally, we've had a few applications from loans which again, generate profits from money that would otherwise be sat around.
As we're spread across numerous eCountries, there's a lot of opportunity for us to make money wherever it's possible; always guaranteed by our WRM & weapon production.
Overall, we do this for fun - trying to make something out of the economic module to at least keep interested. 🙂