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Guide:Economy: Difference between revisions

Economy is a Economy plugin on Survival.
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(Updated the tax information according to BakiDance (ty))
(linked taxes page)
 
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---NOTE: Economy page is under construction until we understand how taxes work (it is only slightly less confusing than in real life).
{{Infobox plugin
| image              = Gems.png
| name              = Economy
| type              = Economy
| server            = Survival
| rootcommand        = balance
| custom            = Yes
| subcommands        = 0
| article1          = Plugin:Jobs
}}


Below is the official Prism Party statement regarding taxes on the server. If you have less than $20,000 in your account on the server, taxes will not apply to you every Monday at 11:30am [https://time.is/PT Pacific Time]. Taxes apply to all players, including those offline. Before you consider putting all your money into claim blocks, the transfer rate is not 1:1, so buying 1 claim block for $1.00 will get you $0.75 if you sell it back.
{{Hatnote|{{Icon|notice}} This guide gives an overview of the server's economy features while providing tips for making money while playing.}}


In any of the text below, gems refer to the server's in game currency and is denoted above and below with a $ dollar sign.
The '''Economy''' is a core aspect of {{SITENAME}}'s [[Survival]] experience. While players are free to play on {{SITENAME}} as they see fit—even ignoring all economy features if desired—most of the server's custom features tie into the server Economy to some degree. Nearly all player-facing features of the server—from [[Plugin:GriefDefender|claims]] to [[Plugin:Mobs_to_Eggs|mob capturing]]—interface with the economy system of the server in some way.


Quote from Discord --- "
Despite this, {{SITENAME}} maintains itself to avoid [[wikipedia:Free-to-play#Pay-to-win|pay-to-win]] game mechanics. {{SITENAME}}'s economy is based around a single, in-game, currency unit. The in-game currency of {{SITENAME}} cannot be bought 1:1 with real-world money, and thus is purely virtual. Likewise, [[Ranks]] on {{SITENAME}} do not automatically possess methods of obtaining in-game currency that are unavailable to free ranks on the server.


The new tax system uses tax brackets, which work a lot like a measuring cup. If we need to add sugar for a cookie recipe, all we have to do is put the sugar into our measuring cup and scrape off the extra that the recipe doesn’t call for. Tax brackets don’t tax the money within their bracket, only the money after the given amount.  
{{SITENAME}} is a non-competitive server. While players are encouraged to grow their wealth as part of engaging with the economy, there is no end-state: players cannot "win" by accumulating a higher balance than their piers, nor can they "lose" by running out. Furthermore, there is no official ranking; a higher balance affords users with more privilege than others on the server.  


Imagine your Gems as the sugar in that measuring cup. Let’s say for argument that you have 10,000 Gems in the bank. If the tax bracket calls for 2% after 20,000 Gems, no taxes are taken out because you haven’t filled up the cup. Now let’s say you have 30,000 Gems. Under that same tax bracket, you have 10,000 Gems more than the bracket calls for, so only the extra, that 10,000 Gems, is taxed at 4%. That would mean taxes would take $400, leaving you with $29,600 gems after tax day.  
== Gems ==
Instead of dollars, the virtual currency on {{SITENAME}} are called "Gems" (₲). Upon joining the server for the first time, all players start with an initial balance of ₲200. These Gems can be spent at leisure, but the primary focus for most new players—after setting up a base—should be to gather more wealth and get established within the server economy.


" --- Pause Quote
By collecting Gems, players can afford to trade items with other players, upgrade their [[Plugin:Levels|Level]], or buy [[Plugin:GriefDefender|claim blocks]], to name a few examples. While playing on the server, players are expected to earn more Gems gradually over time as they improve at collecting resources and finding new ways of capitalizing on their progress.


So this analogy may not work anymore o_o
=== Earning Gems ===
{{Note|{{Icon|list}}This is a non-exhaustive list of common ways by which players may obtain Gems while playing on {{SITENAME}}, sorted in no particular order.}}
{{Rules
| title    = Voting for the server
| body      = <nowiki></nowiki>


The way the current tax system works, once a player has reached the minimum tax bracket ($20,000), they are taxed a minimum amount (Tax Bracket * Bracket Percent), '''in addition''' '''to''' the extra gems that get taxed for the next bracket (Bracket Percent for Overflow).
}}
{{Rules
| title    = Selling items
| body      = <nowiki></nowiki>
auctions, shops,direct
}}
{{Rules
| title    = Joining jobs
| body      = <nowiki></nowiki>


'''For Example:'''
}}
{{Rules
| title    = Opening crates
| body      = <nowiki></nowiki>


If a player has exactly $20,000, on tax day they will be taxed $400 (20,000 * 0.02), leaving them with $19,600.
}}
{{Rules
| title    = Participating in server events
| body      = <nowiki></nowiki>


If a player has $21,000, they have a $1,000 overflow. They will be taxed a minimum of $400, as well as an additional $40 (1,000 * 0.04) using the next bracket percent, leaving them with $20,560.
}}
{{Rules
| title    = Completing advancements
| body      = <nowiki></nowiki>


If a player has $250,000, they have a $10,000 overflow. They will be taxed a minimum of $72,000 (240,000 * 0.30), as well as an additional $3,400 (10,000 * 0.34), leaving them with $174,600.
}}
{{Rules
| title    = Being online when a server booster is activated
| body      = <nowiki></nowiki>


Resume Quote --- "
}}
{{Rules
| title    = Winning chat games
| body      = <nowiki></nowiki>


We’ve provided many many brackets to help ensure fairness & to ensure that players who are saving for leveling up aren’t majorly impacted. The current breakdown is as follows:
}}


" --- End Quote
=== Spending Gems ===
{| class="wikitable"
{{Note|{{Icon|list}}This is a non-exhaustive list of common ways in which players may spend Gems while playing on {{SITENAME}}, sorted in no particular order.}}
|+
{{Rules
!Tax Bracket
| title    = Leveling up
!Bracket Percent
| body      = <nowiki></nowiki>
!Minimum Amount Deducted
!Bracket Percent for Overflow
|-
|20,000
|0.02
|400
|0.04
|-
|40,000
|0.04
|1,600
|0.06
|-
|60,000
|0.06
|3,600
|0.07
|-
|80,000
|0.07
|5,600
|0.08
|-
|100,000
|0.08
|8,000
|0.09
|-
|120,000
|0.09
|10,800
|0.1
|-
|140,000
|0.1
|14,000
|0.14
|-
|160,000
|0.14
|22,400
|0.18
|-
|180,000
|0.18
|32,400
|0.22
|-
|200,000
|0.22
|44,000
|0.26
|-
|220,000
|0.26
|57,200
|0.30
|-
|240,000
|0.30
|72,000
|0.34
|-
|260,000
|0.34
|88,400
|0.38
|-
|280,000
|0.38
|106,400
|0.42
|-
|300,000
|0.42
|126,000
|0.46
|-
|320,000
|0.46
|147,200
|0.50
|-
|600,000
|0.50
|300,000
|0.54
|-
|640,000
|0.54
|345,600
|0.58
|-
|680,000
|0.58
|394,400
|0.62
|-
|720,000
|0.62
|446,400
|0.66
|-
|760,000
|0.66
|501,600
|0.70
|-
|800,000
|0.70
|560,000
|0.74
|-
|840,000
|0.74
|621,600
|0.78
|-
|880,000
|0.78
|686,400
|0.82
|-
|920,000
|0.82
|754,400
|0.86
|-
|960,000
|0.86
|825,600
|0.95
|-
|1,000,000
|0.95
|950,000
|0.99
|-
|1,500,000
|0.99
|1,485,000
|0.99
|}
----Calculations from 5/8/23


The below lists the amount of money '''before''' taxes '''=''' the '''predicted''' amount of money '''after''' taxes.
}}
{{Rules
| title    = Buying claim blocks
| body      = <nowiki></nowiki>


}}{{Rules
| title    = Buying items
| body      = <nowiki></nowiki>


/baltop 1
}}
{{Rules
| title    = Capturing mobs with eggs
| body      = <nowiki></nowiki>


1. 254,994.12* = 228,501
}}
{{Rules
| title    = Traveling to certain worlds
| body      = <nowiki></nowiki>


2. 200,001.13* = 192,799.84
}}
{{Rules
| title    = Taxes
| body      = <nowiki>If you have less than $20,000 in your account on the server, taxes will now apply to you every Monday at 11:30am  Pacific Time. Taxes apply to all players, including those offline.</nowiki>
}}
To read about taxes in more detail, visit the [[Taxes]] page.{{Rules
| title    = Creating shops and warps
| body      = <nowiki></nowiki>


3. 212,462.91 = 191,055.19
}}


4. 200,801.20* = 192,687.83
== Commands ==
{{Hatnote|{{Icon|notice}}<nowiki>[Square brackets]</nowiki> indicate optional parameters, while <nowiki><angle brackets></nowiki> indicate required parameters.}}


5. 154,159.54 = 137,467.24
{{Navplate
|title = Balance
|label1 = {{#inline-tooltip: /balance| /bal}}
|list1  = View your current Gems balance in chat. Your current balance is also shown near the bottom of the player list (Defaults to {{Key press|Tab}}). The balances of other players cannot be viewed directly except for by hovering over a player's name in a spoken chat message, or via {{CMD|baltop}}.
}}
{{Navplate
|title = Balance Top
|label1 = {{#inline-tooltip: /balancetop [page]| /baltop [page]}}
|list1  = View the players with the highest Gem balance on the server. If a number is specified, that page will be shown instead. This list is not to be considered a leaderboard; this command is only provided for entertainment as there is no competitive aspect to the server economy.
}}
{{Navplate
|title = Pay
|label1 = {{#inline-tooltip: /pay <player> <amount>}}
|list1  = Pay another player out of your Gem balance. Any amount can be specified, so long as your balance can support it, including decimals. The other player must be online in order for the payment to succeed. All online players can be paid by using <code>*</code> in place of a username. Be advised that this is a potentially risky command to execute depending on the number of online players.
}}


6. 141,804.24 = 138,455.66


7. 135,298.22 = 117,729.12
== Notes ==
* Gems do not have any real-world monetary value, and cannot be purchased directly by any means.
* The Gems currency symbol (₲) is borrowed from the [[wikipedia:Paraguayan guaraní|Paraguayan guaraní]].


8. 124,700.86 = 118,470.94
<br><br>
 
{{Footer/Guide}}
/baltop 3
[[Category:Official guides]]
 
18. 89,065.34 = 88,702.73
 
19. 88,492.27 = 88,152.58
 
20. 87,594.56 = 87,290.78
 
21. 87,404.78 = 87,108.59
 
22. 83,212.40 = 83,083.90
 
23. 80,780.82 = 80,749.59
 
24. 80,173.13 = 80,166.20
 
25. 78,600.89 = 78,600.89-
 
26. 74,692.69 = 74,692.69-
 
/baltop 5
 
36. 66,541.83 = 66,541.83-
 
37. 66,387.73 = 66,387.73-
 
38. 63,228.61 = 63,228.61-
 
39. 63,965.62 = 63,965.62-
 
 
The below lists the '''actual amounts''' '''after''' taxes.
 
/baltop 1
 
1. 178,506.73
 
2. 156,000.88
 
3. 165,721
 
4. 157,498.54
 
5. 138,743.58
 
6. 127,623.81
 
7. 123,121.38
 
8. 115,489.75
 
/baltop 3
 
18. 82,830.76
 
19. 82,297.81
 
20. 81,462.94
 
21. 81,286.44
 
22. 77,387.53
 
23. 75,126.16
 
24. 74,561.01
 
25. 73,884.84
 
26. 70,211.13
 
/baltop 5
 
36. 62,549.35
 
37. 62,404.47
 
38. 62.254.89
 
39. 60,268.68

Latest revision as of 21:59, 13 October 2024

Gems.png
Economy
ServerEconomy plugin  —  on Survival
Main command/balance
Sub commands0
Access
RequirementsAny rank
CustomYes
WikimediaUI-Globe.svgExternal sites

Internal resources

WikimediaUI-Notice.svg This guide gives an overview of the server's economy features while providing tips for making money while playing.

The Economy is a core aspect of Prism Party's Survival experience. While players are free to play on Prism Party as they see fit—even ignoring all economy features if desired—most of the server's custom features tie into the server Economy to some degree. Nearly all player-facing features of the server—from claims to mob capturing—interface with the economy system of the server in some way.

Despite this, Prism Party maintains itself to avoid pay-to-win game mechanics. Prism Party's economy is based around a single, in-game, currency unit. The in-game currency of Prism Party cannot be bought 1:1 with real-world money, and thus is purely virtual. Likewise, Ranks on Prism Party do not automatically possess methods of obtaining in-game currency that are unavailable to free ranks on the server.

Prism Party is a non-competitive server. While players are encouraged to grow their wealth as part of engaging with the economy, there is no end-state: players cannot "win" by accumulating a higher balance than their piers, nor can they "lose" by running out. Furthermore, there is no official ranking; a higher balance affords users with more privilege than others on the server.

Gems[edit]

Instead of dollars, the virtual currency on Prism Party are called "Gems" (₲). Upon joining the server for the first time, all players start with an initial balance of ₲200. These Gems can be spent at leisure, but the primary focus for most new players—after setting up a base—should be to gather more wealth and get established within the server economy.

By collecting Gems, players can afford to trade items with other players, upgrade their Level, or buy claim blocks, to name a few examples. While playing on the server, players are expected to earn more Gems gradually over time as they improve at collecting resources and finding new ways of capitalizing on their progress.

Earning Gems[edit]

WikimediaUI-RTL.svgThis is a non-exhaustive list of common ways by which players may obtain Gems while playing on Prism Party, sorted in no particular order.

Spending Gems[edit]

WikimediaUI-RTL.svgThis is a non-exhaustive list of common ways in which players may spend Gems while playing on Prism Party, sorted in no particular order.

To read about taxes in more detail, visit the Taxes page.

Commands[edit]

WikimediaUI-Notice.svg[Square brackets] indicate optional parameters, while <angle brackets> indicate required parameters.


Notes[edit]

  • Gems do not have any real-world monetary value, and cannot be purchased directly by any means.
  • The Gems currency symbol (₲) is borrowed from the Paraguayan guaraní.



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