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Manalapan Dynasty Banking	Posted - 2008.02.25 03:46:00 - [1] Edited by: Manalapan on 25/02/2008 03:46:44 Dynasty Banking is currently offering: Savings Accounts: Standard: 4% monthly rate Limited Access: 6% monthly rate Certificate of Deposit: 2 Month CD: 7% Monthly Rate 3 Month CD: 8% Monthly Rate 4 Month CD: 10% Monthly Rate Loans: Available at a per character instance based on credit ratings. Expect to put forth collateral. Credit Ratings and Reports Dynasty Banking History. Dynasty Banking started as a corporation devoted to the usage of Dynasty Corporation members. With the success of that operation the bank is now going public with its operation. Interest is on a monthly basis. The money to support the interest is achieved via market trading and dividends received from investments. Loans also serve a portion of the interest but as of yet have not served as a large source of income. Currently Dynasty Banking has gathered a 364% reserve balance for the current savings accounts and CDs. So the ability to cover interest is of no issue. Currently I understand that players will be worried about me running away with their money, so I guess until I have earned some creditability that fear will remain an issue. Credit Ratings and Reports is a system similar to that that currently exists in modern banking. It is designed to allow for new banks to start operating in EVE and have a resource they can use to determine low and hi risk characters based on how they have behaved in the banking industry throughout their history. Dynasty Banking is currently piggybacking off of Dynasty Corporation's website at http://dyco-eve.com/bank/bank.html. You can apply for a savings account there or by contacting me personally in game. You can also check your account balance at that site. Note: Loan Interest operates separately on a per loan basis. Please post any and all questions or concerns you might have so I can clarify all confusion. Dynasty Banking
cosmoray	Posted - 2008.02.25 04:19:00 - [2] I may be wrong but I can only find posts from you starting in february 08. Questions: 1.Why should anyone on the MD forum trust you with our money when you have no history or credibility? 2. Why should I choose you over Ebank and Furybank.? 3. Do you know your competition? 4. Is this character an ALT? 5. If ALT, post with your main? 6. Do you have any references? 7. Is anyone acting as a guarantor for the accounts? Loan Question I assume you plan to make money by making loans. With a high interest rate, how will you attract business when your competitors offer colateral backed loans that are close to your bank interest rate? If you are not offering loans, how do you plan to make money? If it is unsecured loans, you will be wide opoen to scams Answer away
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2008.02.25 04:19:00 - [3] Edited by: Ricdic on 25/02/2008 04:20:45 Originally by: Manalapan Currently Dynasty Banking has gathered a 364% reserve balance for the current savings accounts and CDs. Ok let's start here. Firstly you are an exclamation point. Do you have a main or are you a new player? You then suggest you have a 364% reserve on an undisclosed balance. This could be 1m or 100b. There's no way you can suggest you can repay people based on a 364% reserve that is undisclosed. What happens if people deposit 10b into you tomorrow? Quote: So the ability to cover interest is of no issue. As above I would like some clarity on this Quote: Currently I understand that players will be worried about me running away with their money, so I guess until I have earned some creditability that fear will remain an issue. Some? Try all. We need to know who you are, how long you have been playing, who your mains are, why you think we should trust you, who your references are, etc. I would also suggest a far more comprehensive document listing who you are and what you do not simply (we will use your isk for trading, pay you high returns and still somehow maintain liquidity in withdrawals etc). I am not saying it cannot be done as Fury does a fantastic job of it, but he has also proven his competence and skills in the field. With you, nothing has been disclosed. Quote: Credit Ratings and Reports is a system similar to that that currently exists in modern banking. It is designed to allow for new banks to start operating in EVE and have a resource they can use to determine low and hi risk characters based on how they have behaved in the banking industry throughout their history. I would like to know how you plan to action this. Would I be eligible for a 10m unsecured loan even though I have no Dynasty bank account? Quote: Dynasty Banking is currently piggybacking off of Dynasty Corporation's website at http://dyco-eve.com/bank/bank.html. Ok who is Dynasty corp? Are they established? Are you the CEO? What have they done? Quote: You can apply for a savings account there or by contacting me personally in game. You can also check your account balance at that site. I had a look at the site. It says account number and password verification isn't yet implemented etc. However in your first post you say Quote: Dynasty Banking started as a corporation devoted to the usage of Dynasty Corporation members. so how did Dyn customers access their accounting information etc? I am all for the competition but you have to understand you need to provide a far stronger reason why we shouldn't just blast your idea. Looks like you nabbed some EBANK font/styles too but I don't care about that (and may be wrong) Hopefully you can answer my questions. Best of luck,. edit: cleaned up rabble http://oldforums.eveonline.com/?a=topic&threadID=500043 Largest Empire Research Alliance in EVE!
Admiral Grevious	Posted - 2008.02.25 05:07:00 - [4] So, after doing a little research, I'm guessing that Daallie is the main. Looking at battleclinic killboards, he's about as bad of a pvper as I am. Looking at his losses, he's a trader or industrialist. He had enough isk (6 Bil) to purchase a pretty decent toon - YinandYang - last June. Manalapan is probably a new toon created for managing Dynasty Banking. My conjecture anyways fwiw.
Kwint Sommer Lothian Quay Industries Zzz	Posted - 2008.02.25 05:12:00 - [5] To paraphrase: I'm a faceless alt with no reputation or security. I choose to conceal my indentity and have no one to vouch for me. I have created a bank, please send me as much money as you can. 5% Mining & Manufacturing Implants
Manalapan Dynasty Banking	Posted - 2008.02.25 05:14:00 - [6] Quote: 1.Why should anyone on the MD forum trust you with our money when you have no history or credibility? I do understand the issue of trust present here. With minimal history, including on my main there is very little room for trust and credibility. There is honestly very little room for me to gain any trust without use or reference. I will be posting a response in reference when I get to that question. Quote: 2. Why should I choose you over Ebank and Furybank.? The account rates are much higher than the primary competition of EBANK who provides an interest rate of 3.044% a month while Dynasty Banking base rate is 4% a month. Quote: 3. Do you know your competition? I have not contacted them, but I have looked at their rates and intend to remain competitive with the primary competitors (Ebank and Furybank). Quote: 4. Is this character an ALT? 5. If ALT, post with your main? Yes, this is an alt. This topic was posted for quick in game reference by this character. I will be following up this with a post by my main. Quote: 6. Do you have any references? There are current users of the bank. If you contact me in game I would be glad to have them join in conversation with you. Just as policy I do not feel it is right to disclose that information of customers publicly. Quote: 7. Is anyone acting as a guarantor for the accounts? Money will be primarily gained utilizing market trading so loss amounts will be minimal if at all. Dynasty Corporation and my main also personally gaurantee all accounts on Dynasty Banking. If for any reason Dynasty Banking reserves run too low for withdrawal my main will personally pay the difference. Quote: You then suggest you have a 364% reserve on an undisclosed balance. This could be 1m or 100b. There's no way you can suggest you can repay people based on a 364% reserve that is undisclosed. What happens if people deposit 10b into you tomorrow? The bank currently has deposits of 1,607,161,250 and reserves of 5,850,066,950 Quote: I would like to know how you plan to action this. Would I be eligible for a 10m unsecured loan even though I have no Dynasty bank account? As the Credit Rating system is set up all characters have a neutral credit rating if they have no previous history Dynasty Banking. All loans for characters of this credit rating are required to place collateral on the loan. Unsecured loans are for those members that have had a long positive history with Dynasty Banking. Also this is to help other banks start by giving them an idea of risk associated with certain characters. Quote: how did Dyn customers access their accounting information etc? On the site there was originally a listing based on account numbers. Recently implemented, you may now enter your account number to check balance. Soon to also check account usage and history. Quote: Looks like you nabbed some EBANK font/styles too but I don't care about that (and may be wrong) Myself and the primary web designer created the site prior to the existence of Dynasty Banking all designs are based on the original Dynasty Corporation design. Dynasty Banking
Daallie	Posted - 2008.02.25 05:22:00 - [7] Wow in the time it took me to write the first reply. I had a nice post about myself and then a real lovely response from a character that likes to troll the forums that relate to other people trying to make a living in eve. Not that I really need to do this its just a nice service that I started for my corporation a few months back it was decently successful enough to where I decided to bring it to the public stage. This is Manalapan's main for all that would like to know, and yes this character can get beat up by just about any combat pilots older than three months. I bought YinandYang for a reason almost a year ago. Anything else you want to know about myself please let me know.
Kwint Sommer Lothian Quay Industries Zzz	Posted - 2008.02.25 05:24:00 - [8] Quote: The bank currently has deposits of 1,607,161,250 and reserves of 5,850,066,950 Yet you don't have a maximum amount listed? You clearly haven't run a public business before because if you had you would know that we will throw tens of billions at a trusted source offering a 4% monthly bank account with withdrawals anytime....this isn't a real offer. It's some noob and or scammer wasting our time. 5% Mining & Manufacturing Implants
Admiral Grevious	Posted - 2008.02.25 05:25:00 - [9] Are there any account limits? What if you get 10 people who want 4 month CD's and put in 1 Billion each? Will you be able to pay out the 11 Billion? How would you guarantee that?
Admiral Grevious	Posted - 2008.02.25 05:30:00 - [10] LOL. Too funny. Kwint and I reading and replying to the same points. Also - two different ways to reply. I R not so gruff.
Daallie Dynasty Corporation	Posted - 2008.02.25 05:34:00 - [11] Quote: Yet you don't have a maximum amount listed? There is no maximum amount listed because that would weaken the strength of any bank. Also, know that I personally am very good at working the market. I have no qualms that I can handle any size account and if it does happen then we will address that problem when it occurs. Like I said I personally guarantee all rates as well. So, if an amount becomes too much to handle that interest will be paid and a maximum will be placed on the accounts and I will suffer the loss. Quote: What if you get 10 people who want 4 month CD's and put in 1 Billion each? Will you be able to pay out the 11 Billion? How would you guarantee that? Over 4 months I could easily turn that 10 billion into much more than 11 billion and like I said above I personally guarantee all promises made by Dynasty Banking. Dynasty Corporation
Astorothe Aperture Science Industries	Posted - 2008.02.25 05:38:00 - [12] Interest rates are very nice. I am hoping against all odds that you are legit and breath some very much needed new competition into the player-bank industry. I'll wait and see how this pans out. Eve Web Design \| Eve Addicts \| RPGN.net
Nenoco	Posted - 2008.02.25 05:43:00 - [13] I can attest to the validity of Dynasty Bank. I have had an account from its beginnings and I have not heard of anyone having any problems with it. I've seen Daallie's capability to trade and I have no doubt that he would be able to supply you with your funds at any time and pay your interest.
Admiral Grevious	Posted - 2008.02.25 05:49:00 - [14] Can you provide more detail on the 2 types of accounts - savings and limited access? How easy is it to move isk into/out of each account? Can isk be moved from the CD's at a penalty? You mentioned the Credit Ratings and Reporting system. How are you going to elicit cooperation from the other banks in that regard? It's a great idea - just wondering how that will be feasible. One suggestion for the short term - I think you should have some type of FAQ on the bank page.
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2008.02.25 05:52:00 - [15] Originally by: Kwint Sommer this isn't a real offer. It's some noob and or scammer wasting our time. That's a bit rough. Thus far the guy has answered all questions posed at him in a relatively good manner. I definetly am not vouching for his service but in my eyes it's a long way from a 'scam'. One could 'think' it's a scam, but stating factually that it's a scam is a little harsh at this point in time. Each to their own http://oldforums.eveonline.com/?a=topic&threadID=500043 Largest Empire Research Alliance in EVE!
Daallie Dynasty Corporation	Posted - 2008.02.25 06:07:00 - [16] Quote: Can you provide more detail on the 2 types of accounts - savings and limited access? The savings account is your typical account you can deposit and withdraw as frequently and as much as you want. The limited account is almost a 1 month CD except that you can deposit as much as you want but can only access it once a month. A much better option for people just looking to have money grow but want to have maximum profit and no losses from early withdrawals. Quote: How easy is it to move isk into/out of each account? It is very easy, I check Manalapan multiple times throughout the day. Just send your withdrawal request and I will process it the moment I see it. If you are in a rush you can also use the website to drop me an email at the contact me page and my phone rings nicely letting me know I have an email. Quote: Can isk be moved from the CD's at a penalty? Yes but at a large penalty to interest. If you feel the possibility that you might want to prematurely terminate a CD I would advise a limited account or a shorter CD. Quote: You mentioned the Credit Ratings and Reporting system. How are you going to elicit cooperation from the other banks in that regard? It's a great idea - just wondering how that will be feasible. After your mention of cooperation I do plan on getting into contact with EBank and Fury to try and get help with this setup. Dynasty Corporation
Daallie Dynasty Corporation	Posted - 2008.02.25 06:09:00 - [17] Also please know that due to some confusion in regards to the website efforts are being put into place to alter the design and make it more user friendly. Also will include the FAQ that Admiral Grevious so kindly suggested. Dynasty Corporation
Kwint Sommer Lothian Quay Industries Zzz	Posted - 2008.02.25 06:11:00 - [18] Originally by: Ricdic Originally by: Kwint Sommer this isn't a real offer. It's some noob and or scammer wasting our time. That's a bit rough. Thus far the guy has answered all questions posed at him in a relatively good manner. I definetly am not vouching for his service but in my eyes it's a long way from a 'scam'. One could 'think' it's a scam, but stating factually that it's a scam is a little harsh at this point in time. Each to their own At the time I very much meant and/or and after he produced his main and answered a fair number of questions I'm glad to say I am leaning away from it being a scam. That said, the fact that he has less than 2B (non of which has been confirmed) and yet is claiming he can handle any amount thrown at him makes me say "lol, goodnight." Honestly, anyone who states they can scale directly and immediately up from trading with 2B of people's money to 500B is either a scammer or a noob, in either case my time is being wasted. I hope this is legitimate and I hope we have another bank but there's good reasons why the 2 current banks have heavily capped the account balances and the fact that the OP can't see that shows he's either too inexperienced to handle something like this or worse.... I may have a been a tad harsh and dismissive but I stand by my assessment of things. As was posted earlier this weekend, "garbage in, garbage out." The OP didn't do his homework, didn't put that much effort into the right up, posted it with a faceless alt and is inexperienced enough to think he can handle any amount of money and egotistical enough to post that, my "rough" responses are inline with this. Regardless, goodnight. ~Kwint PS Creating a public venture (especially something giant like a bank) with a faceless and reputation-less alt is not wise, obviously later brining out your main goes a long way towards fixing it but if you're going to do that, then just post with/identify your main in the first place. 5% Mining & Manufacturing Implants
Shadarle	Posted - 2008.02.25 06:26:00 - [19] Edited by: Shadarle on 25/02/2008 06:26:32 You should be limiting the amount you accept to limit the scam potential. You should also stop acting as though you are a god of trading. If, for example, I threw 100b isk into you I seriously doubt you'd be able to turn that into 140b in 4 months on top of paying back the interest you owe to everyone else. Perhaps you can turn 1b into 1.4, but that is not the same thing as turning 100 into 140. If you only accepted up to 4-5 bil you'd still have a very hard time convincing anyone here to trust you... but saying you have no limit makes it even less likely. Without a reputation I can't see trusting you with any of my money. And finally, your assurances that you will be personally responsible for any shortcomings mean nothing. The whole problem is that no one knows if you're trustworthy, so you promising something is kind of worthless. A promise only means something if the person giving it is trusted to back it up. I hope you're real... but you are going to have a hard time finding people to trust you initially. We don't much care for !'s around here. If you don't have the dedication or interest to spend time here, post about things, share your thoughts on various topics, etc then why should we spend any time on you?
Daallie Dynasty Corporation	Posted - 2008.02.25 06:33:00 - [20] Edited by: Daallie on 25/02/2008 06:35:00 Quote: Honestly, anyone who states they can scale directly and immediately up from trading with 2B of people's money to 500B is either a scammer or a noob, in either case my time is being wasted. If you do not think I can handle that much money than do not give it to me. To be honest my expectations was maybe a max of 5B total as a bunch of players tested the bank for its functionality and legality. If I begin to get more players reflecting this same concern to raise everyones comfort levels with the bank I will establish a very conservative max deposit rate of 500M a month to give a slower rate of progress to the higher levels of isk, and raise it, or remove it from there based on performance. EDIT: Alright since someone expressed the same concern during the process of writing this reply the above will be implemented as a maximum deposit rate. Hopefully you are all more comfortable with that amount. Quote: PS Creating a public venture (especially something giant like a bank) with a faceless and reputation-less alt is not wise, obviously later brining out your main goes a long way towards fixing it but if you're going to do that, then just post with/identify your main in the first place. Yes, I do understand that as an error on my part. Dynasty Corporation
Admiral Grevious	Posted - 2008.02.25 06:49:00 - [21] I would like to open a savings and limited access account. Small - probably 10 mill in each. I mainly want to look at the interface. I don't know if you've had a chance yet, but you may want to check out Eve Banks' site: http://www.eve-bank.net/About/Stats.aspx The stats page is the most important thing I think for you so you can check out the scale of your competition. They are pretty massive in scale. I hear good things about Fury Bank as well, but I've not yet utilized Fastlearner's services so I don't know if he has an OOG site. I'm all for more banks. The more banks there are, the more competition, higher rates on savings/bonds/CD's, lower rates on loans. I just don't know if you are ready to scale as large as could be possible. Heck, there are people here who could drop 60 or 100 Billion into a CD and rightfully expect 66 or 110 Billion back. (Not me btw) So, I'll send some isk in the morning to open my accounts. Don't want to login to game right now. One more question... the CD maturation process. After maturity, what will happen to the cd? What tpe of account does it go into? Will it rollover after some point?
Manalapan Dynasty Banking	Posted - 2008.02.25 07:17:00 - [22] Edited by: Manalapan on 25/02/2008 07:20:38 Quote: I would like to open a savings and limited access account. Small - probably 10 mill in each. I mainly want to look at the interface. Thank you for deciding to open an account. I would like to inform you that right now myself and the web designer are working on maximizing the interface usability. Quote: One more question... the CD maturation process. After maturity, what will happen to the cd? What tpe of account does it go into? Will it rollover after some point? Terms for CD is compounded monthly interest. I apologize if that was not clear, so the 100B would actually be worth 146.41B after the 4 months. After maturation of the CD the funds will be as the default dropped into the customer's standard account. The customer will be contacted closer to the maturity date to establish if they desire a different option (at this point it will be an option to rollover and extend to a longer CD that is retroactive across the past CD duration up to a maximum of 4 months at which time the CD will be at maximum maturity). Dynasty Banking
LaVista Vista Conservative Shenanigans Party	Posted - 2008.02.25 07:24:00 - [23] Originally by: Admiral Grevious The stats page is the most important thing I think for you so you can check out the scale of your competition. They are pretty massive in scale. I believe in terms of size isk wise, Fury bank is actually bigger, i believe. I could be mistaken tho, as i dont have the real numbers for either of them. User wise, EBank is definately bigger. So your gonna have quite a bit of competition im afraid.
Manalapan Dynasty Banking	Posted - 2008.02.25 07:35:00 - [24] Everyone loves competition am I right? I offer higher rates than EBank if I start growing to an adequate size of EBank then EBank raises interest rates and then all depositors win! In all seriousness I do understand that I have a lot of work ahead of me if I am going to be able to compete with EBank or Fury. I do hope to achieve this point as well as work along with them to get an adequate universal Credit Rating system established. Also, anyone have Fury site link? I can't find it for the life of me. Everything I can get is in game information. Dynasty Banking
Roguehalo Caldari RH Ship Brokers	Posted - 2008.02.25 07:44:00 - [25] "Note: There is a limited rate of deposit of 500M/month for a customer. This means all Accounts and CD deposits may total up to but not more than 500M" This sentence from your bank interface doesn't really make any sense and needs revising. I assume you have now capped accounts at 500m which means you should remove the reference to 500m/month Good look in your venture Note to certain md regulars :- Being new Being smalltime Being inexperienced Is not in itself an automatic indication that an offering is a scam Of course it's also not an automatic indication of genuineness either So lets try and keep an open mind, do some research and judge offerings on their MERITS
Manalapan Dynasty Banking	Posted - 2008.02.25 08:24:00 - [26] This is actually supposed to reference a capped deposit rate. It allows for large accounts but it takes time to deposit that much isk into them. The rate at which you may deposit is capped at 500M but the accounts remain uncapped. I do not wish to have capped accounts but due to some concern as to that I have capped account growth rate to handle issues with trade capabilities that were earlier expressed. Dynasty Banking
Ambo 2nd Outcasters	Posted - 2008.02.25 09:00:00 - [27] You seem a decent enough sort and I have quite a bit of spare cash lying around atm (lack of IPOs recently ). Consequently, I'll take a 500 mil, 4 month CD for a test drive. I'll set it up when I'm next online. Good luck. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Hexxx Minmatar	Posted - 2008.02.25 12:39:00 - [28] Originally by: Manalapan Everyone loves competition am I right? I offer higher rates than EBank if I start growing to an adequate size of EBank then EBank raises interest rates and then all depositors win! In all seriousness I do understand that I have a lot of work ahead of me if I am going to be able to compete with EBank or Fury. I do hope to achieve this point as well as work along with them to get an adequate universal Credit Rating system established. Also, anyone have Fury site link? I can't find it for the life of me. Everything I can get is in game information. I doubt EBANK will raise it's rates. In terms of knowing your competitors, here's the highlights: 1) FuryBank competes via rate of return, in terms of Banking you can't beat the rates that FuryBank provides. It's around 7% per month and in terms of total funds, FuryBank is also on top at the moment. 2) EBANK competes via convenience and services, having a highly functional website with lots of bells and whistles. Also, since multiple people run EBANK, it has some added marginal benefits (multiple tellers for fast withdraws and it's run by a Board of some well known MD regulars). However, as most people know, the rates are quite low (1.5% for checking, 3% for savings, up to 4% on bonds) You'll need to figure out how you're going to compete. A better website? Higher rates? Something else? Remember; both Banks have the leg-up in terms of reputation as well and experience handeling large sums of money (FuryBank and EBANK handle well over 150 billion isk EACH). If you're trying to compete on rates, you should pay more attention to FuryBank than EBANK. If you want to compete on services, you should pay more attention to EBANK than FuryBank. If you want to do something different and compete on another level...well....good luck to you sir. =) Consulting, IPO Template, and Stock/Bond definitions.
YouGotRipped Gallente Ewigkeit	Posted - 2008.02.25 13:26:00 - [29] Edited by: YouGotRipped on 25/02/2008 13:34:36 I have perused a few posts, however... This is quite a case of win/win for the present banks. If it turns out to be a scam/failure then it will surely set a precedent for future bank IPOs while reinforce the current banks position even with their low returns. If it's not a scam, well it just won't be a problem competing with it given the small scale and relative inexperience of the OP. I personally would take E-bank over other banks anytime mainly because the conveniences and services if not for the fact that it's run by a board of people, (I have special consideration for Shar and his little dog too) those people being closer to the community and whatever events transpire here than any other bank runner. Call me biased but that's the way I see it.
Danny Armstrong	Posted - 2008.02.25 13:57:00 - [30] What about the future? What will happen in 6 months time when you are succesfull and the workload become too much for you to handle alone? What happens when you get hit by a bus?

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