EFD System Explained

711 · 11-30-2006, 03:38

EntropiaForum Dollars (often called EFD) are the "currency" of EntropiaForum.

Members earn EFDs through various forum activities (explained below), and can use accumulated EFDs to purchase items in the EFD store, donate to friends, play games in the arcade, etc.

How to Earn EFDs

Creating new threads - Every time you create a thread, you receive EFDs; the amount awarded for a new thread varies depending on the forum. In order to encourage members to post new threads in the proper forum or subforum, any threads or posts made in the General Discussion forum earn no EFDs. Similarly, the trading and off-topic forums do not award EFDs. You receive additional EFDs for creating a poll within your thread.
Replying to threads - You also receive EFDs by posting replies to other members' threads
Replies to your threads - You receive EFDs every time another EF member responds to a thread you have created.
Views of your threads - You also receive a small amount of EFDs each time a logged-in member views a thread you have created (once per 24 hours, so repeatedly refreshing pages to unfairly earn EFDs will not work).
EFD Bank - You can deposit your unused EFDs in the EFD Bank, and earn 1% interest per month. Note that if you make a second deposit, the timer for the next interest award is reset to 28 days.
EFD Member Paychecks - All members who are active within the previous 7 days earn a weekly "paycheck". Premium Members earn a bigger EFD paycheck, among other features.
EFD Lottery - Take a chance in the daily or weekly EFD lottery and try to win some EFDs from your fellow forum members.
EF Referrals - Tell you EU friends about EntropiaForum, and earn 500 EFD for each new member who registers!
**NEW**EFD Global Screenshot Competition - Earn EFDs while Hunting! Promote EntropiaForum in your hunting team name, and post screenshots to earn EFDs!

The exact formulas for the awarding of EFDs varies in many ways, depending on the forum in which a thread is created, length and rating of thread, and several other factors. The best way to earn EFDs is to be an active and regularly contributing member of the forum, and by creating interesting and popular threads in the proper forums. Moderators and admins will also regularly award EFDs to members who exhibit exceptional contrbutions to the EF community.

Where to spend EFDs

EFD Store - The EFD store offers many ways to spend your hard earned EFDs: Custom titles, colored, glowing, and shadowed usernames and titles, bumping and debumping threads, and much more. You can even change the custom title of other members.
Donations - You can donate EFDs to friends or members who have impressed you with their postings or contrubutions to the community. Donations can made directly within a thread by clicking the "Donate" link under a member's avatar, or by visiting the EFD store.
EFD Auctions - Purchase EU items from other members using EFDs.
EFD Lottery - Purchase tickets in the daily and weekly EFD Lottery drawings
Arcade - Play games in the Arcade. Each game costs a certain number of EFDs, or you can purchase an unlimited pass which will allow you to play games for free for 10 days.
EF Adspace - Purchase Adspace on EntropiaForum to promote your events, sales threads or other EU-related campaigns
Gifts - Give gift icons of EU items and Unlocked Skills that appear near a member's avatar in threads.

Taxes and Discounts

Certain luxury items in the EFD store have an additional tax; your total price for any item (including any tax or discounts) can be seen on the item purchase confirmation page.

Loyal Member Discount - In the EFD Store, anyone who has been a member of EF for 1 year (365 days) receives a 5% discount on all purchses.

Premium Member Discounts
Adjusted - 5%
Improved - 10%
Modified- 20%

**Discounts are cumulative (e.g. If you are a member for more than 1 year, and you are a Modified member, you will enjoy a 25% discount in the EFD Store).

Rules and Restrictions

The EFD system is in place to reward members for their contributions to the EF community, and to enhance the user experience on EF. We plan to continually refine and expand the EFD system and items available for purchase. We hope you enjoy the EFD system, and welcome any suggestions for improvements in this thread.

***Any abuse, manipulation or interference of the EFD system will result in the immediate loss of all accumulated EFDs, and exclusion from the EFD system, and/or banning from EF.***

RidingDirty · 11-30-2006, 14:56

Hmm... You forgot to add that you get EFD for +repping people

711 · 11-30-2006, 18:39

Quote:

Originally Posted by RidingDirty

Hmm... You forgot to add that you get EFD for +repping people

There are indeed other ways to earn EFDs, not all were outlined in this guide, only the most important of methods.

Members also gain a small number of EFDs by voting in polls, rating threads, and pretty much any activity that contributes to the sharing of information on EntropiaForum.

The Nightbird · 11-30-2006, 18:57

For the EFD BANK, it's a bit of a pain to wait until the right time to make a deposit and avoid reseting the timer :p That would make it a hassle and I wouldn't bother using it.

Is it necessary to reset it? If every transaction is taxed 2%, including donations, people can't gain exploit the system by sending eachother loads of EFDs right before interest gains anyways.

711 · 11-30-2006, 19:06

Quote:

Originally Posted by The Nightbird

For the EFD BANK, it's a bit of a pain to wait until the right time to make a deposit and avoid reseting the timer :p That would make it a hassle and I wouldn't bother using it.

Is it necessary to reset it? If every transaction is taxed 2%, including donations, people can't gain exploit the system by sending eachother loads of EFDs right before interest gains anyways.

Deposits and withdrawals from the bank are not taxed at 2%.

As for the calculation of interest, there is no simple way to allow multiple deposits and calculate interest properly. The bank system is a simple one:

You make a deposit, and a timer is set to start counting down for 7 days. At the end of the 7 days, the interest is added to your bank balance, and the time resets. You can see at any time when your next bank interest will be awarded.

Example:

You deposit 500 EFDs into the bank, 7 days later (actually, it counts in minutes, so 10080 minutes later) your bank balance is increased by 1%, making your new balance 505 EFD. Assuming you do not make a withdrawal or deposit, after another 10080 minutes, your bank balance will be 510.05 EFD, and so on.

The Nightbird · 11-30-2006, 19:14

Quote:

Originally Posted by 711

Deposits and withdrawals from the bank are not taxed at 2%.

As for the calculation of interest, there is no simple way to allow multiple deposits and calculate interest properly. The bank system is a simple one:

You make a deposit, and a timer is set to start counting down for 7 days. At the end of the 7 days, the interest is added to your bank balance, and the time resets. You can see at any time when your next bank interest will be awarded.

I meant why not make it so that every 7 days you get 1% of whatever is in your bank? You can withdraw and deposit as many times as you want, you can even withdraw it all and then deposit the second before 7 days are up and still get that 1% interest.

There is a tax on donations so it can't be exploited.

Wouldn't that be easier?

711 · 11-30-2006, 19:38

Quote:

Originally Posted by The Nightbird

I meant why not make it so that every 7 days you get 1% of whatever is in your bank?

This is exactly how the bank works, read my post above.

Quote:

Originally Posted by The Nightbird

You can withdraw and deposit as many times as you want, you can even withdraw it all and then deposit the second before 7 days are up and still get that 1% interest.

Umm, that defeats the whole purpose. Try to go to your local bank IRL and tell them you want to deposit 10k on the 1st of the month, remove your money on the 2nd, put it back in on the 30th, and get interest for a full month on the 31st. If you find a bank that lets you do that, I'll sell everything I have so I can deposit there.

The Nightbird · 12-01-2006, 20:48

Quote:

Originally Posted by 711

This is exactly how the bank works, read my post above.

Umm, that defeats the whole purpose. Try to go to your local bank IRL and tell them you want to deposit 10k on the 1st of the month, remove your money on the 2nd, put it back in on the 30th, and get interest for a full month on the 31st. If you find a bank that lets you do that, I'll sell everything I have so I can deposit there.

Which IRL bank says to you "if you deposit now, your next interest earning date gets moved back 30days"? I have a feeling that bank wouldn't get many customers

Since EFDs can only be spent in EF, there is no real purpose anyways is there? My only motivation was to make it simpler as there is no way of exploiting it. If there was ONLY ONE bank IRL, that didn't do loans or investment, and yet could still give out an interest rate, it wouldn't make any difference to them if you deposited the second before the interest is given out since they don't have any use for it anyways. It's an impossible system as it is, no need to try it make it seem more realistic imo.

711 · 12-01-2006, 20:56

Quote:

Originally Posted by The Nightbird

Which IRL bank says to you "if you deposit now, your next interest earning date gets moved back 30days"? I have a feeling that bank wouldn't get many customers

Since EFDs can only be spent in EF, there is no real purpose anyways is there? My only motivation was to make it simpler as there is no way of exploiting it. If there was ONLY ONE bank IRL, that didn't do loans or investment, and yet could still give out an interest rate, it wouldn't make any difference to them if you deposited the second before the interest is given out since they don't have any use for it anyways. It's an impossible system as it is, no need to try it make it seem more realistic imo.

I disagree in about 10 different ways. What you are suggesting is that members deposit EFDs, withdraw them, then redeposit right before the interest maturity date. If this were possible, there would be a MASSIVE increase in the number of EFDs in circulation. It would be the same as giving 1% interest per minute.

Please do a search on the concepts "simple interest" and "compounded interest" and you will hopefully understand things more clearly.

The EFD bank system uses simple database entries to calculate interest. If multiple deposits were allowed, the system would have to keep a separate timestamp for each deposit, in order to award the 1% interest per week properly. This would result in much more work in the database, and is not really the main priority of EF.

I try to introduce something fun and interesting (pun intended) for EF members, and all you seem to do is complain and say things to the effect of "it's not good enough"?

The Nightbird · 12-01-2006, 21:17

Quote:

Originally Posted by 711

I disagree in about 10 different ways. What you are suggesting is that members deposit EFDs, withdraw them, then redeposit right before the interest maturity date. If this were possible, there would be a MASSIVE increase in the number of EFDs in circulation. It would be the same as giving 1% interest per minute.

Please do a search on the concepts "simple interest" and "compounded interest" and you will hopefully understand things more clearly.

The EFD bank system uses simple database entries to calculate interest. If multiple deposits were allowed, the system would have to keep a separate timestamp for each deposit, in order to award the 1% interest per week properly. This would result in much more work in the database, and is not really the main priority of EF.

I try to introduce something fun and interesting (pun intended) for EF members, and all you seem to do is complain and say things to the effect of "it's not good enough"?

I'm just curious as to why the system is set up the way it is, and certainly didn't mean to upset you.

I'm trying to understand why it would be bad to make say Monday 1am the interest maturation date, as at worst it means the net volume of EFDs increases by 1% per week. How to get from here to "It would be the same as giving 1% interest per minute" boggles my mind. I am learning economics at the U of Chicago and I thought I understood this stuff lol. If you can be bothered to explain this one concept I promise I'll never post in this thread again

Oh, I think I understand simple and compound interest as that was why I voiced earlier than givi