User blog:SuperTalker101/Big Nate CSCurrency

Join the CSCurrency GC: Code gzuqhaj

 Notice (rule change): All company's products must be given to Super for him to put it on the official webpage of CSCurrency thanks to BNB's suggestion ''This is a remake of Big Nate Currency. Please watch out for text that is in italic - those are important pieces of information!''

Big Nate CSCurrency a new currency system designed to replace the old currency system ("Big Nate Currency:). It features a much more organized paying system, and allows for people to familiarize themselves with the matter of money, particularly in the form of online banking. The system is organized by SuperTalker101.

The System - A Briefing
The CSCurrency system relies on ID numbers to maintain organization. Users can create business which are designated a final/fixed ID number. There products will also have ID numbers. For example, let's say SuperTalker101 wanted to buy the Premium plan for Super Insurance. Super Insurance's ID is 10, and the premium plan's ID is 1. Once Super finishes buying the Premium plan, his last transaction's ID would be 10-1.

Money
Money is measured in the form of currency. It is kept track of via an online chart that allows users to update their own currency when needed.

Select users will be responsible for maintaining the accuracy of the chart. Any user which decides to invalidate it will be banned immediately.

Net Worth
To determine how rich a user is, we divide his/her net worth by his/her company’s total profit multiplied by the present number of customers. The formula should look like this:

c(n/p)- where c = customers, n = net worth (present amount of money) and p = present number of customers.

To determine how rich a company is, we multiply the company’s profit by the cumulative number of customers. The formula should look like this:

nc - where n = profit and c = cumulative number of customers.

'Each player starts with $1500. The player is free to make trades and deals with other customers.'

Businesses/Companies
Companies are organized by customers. Taxes will be present the moment a user opens a company. The taxes will be paid to the Central Bank, which is run by SuperTalker101. Keep in mind that if Super decides to play, he will not make any profit or pay any tax for running the Central Bank.

Taxes are paid every month. They require a 1% payment of the user’s current net worth, calculated by the formula above (c(n/p)). Remember that this only applies to users with a company.

To create a company, you must register the company here. A user can register more than one company. However, you must understand that if you register two companies, your tax payment jumps to 1 multiplied by the number of companies that you own in percentage. In other words, the formula for calculating the tax you need to be is:

(0.01*c)n - where c = companies owned and n = present net worth

In the company register area, you will receive a company ID if your company is approved.

On the live chart, the last transaction is the [company ID - Product ID]. For example, Super Insurance’s ID might be 1000, and its premium plan’s ID is 1. So if Super decides to purchase the plan, his last transaction would be 1000-1.

'''Please voice any questions/suggestions in the comments. Do not edit this page without permission unless absolutely necessary.'''