Cooperative Bidding for 25 Great Monarchs
This thread is to document the cooperative efforts of guild members to bid on the 25 Great Monarchs in Flynn's Plunder.
You can reference the earlier discussions in this thread.
What's going on?
I will bid on all interested individuals' behalves on the 25 Great Monarchs in Flynn's Plunder. As the estimated winning bid is more than most individuals have available, several of us agreed to pool our gold to have the best chance at winning the auction.
How to contribute?
- Quote me (Larkadroid) and let me know that you would like to add your gold into our bidding pool. Please state how much for the sake of official record keeping. If you've already posted in the other thread there is no need to quote me.
Start a labeled trade with me, add in the amount of gold you wish to contribute. I will confirm the trade (my avatar will show "?"), then you confirm the trade (your avatar shows the "OK" speech bubble). If you want, you may take a screencap too for your personal records. I will also be taking a screencap and post it in this thread.
If I need the gold to continue bidding, I will complete the trade.
Will I be allowed to modify my contribution?
Yes, of course! You may add or subtract any amount of gold from the trade, or cancel it all together whenever you want. After all, it is still your gold. I will just update the record accordingly.
When is the deadline for contributing?
- The auction ends on Tuesday June 10th at around 5:53 PM EDT. I would like to have all the gold count finalized by 3:00 PM EST that same day.
What will happen if we win?
- If we win the auction, we will divide up the 25 Great Monarchs based on percentage contribution. Example:
We win the auction, Person A contributed 45% of the gold pool, Person B contributed 35%, and Person C 20%.
Here is what each person should receive based on percentage (notice it is not always round numbers):
Person A - 25 Monarchs x 45% = 11.25
Person B - 25 Monarchs x 35% = 8.75
Person C - 25 Monarchs x 20% = 5
Suggestion: If we win, we'll divide the winning bid by 25 to determine the cost per Monarch. Anyone that contributed that amount or more will receive at least one Monarch. The remaining Monarchs could then be split based on contribution percentage after deducting the claimed Monarchs. No one is going to receive a free Monarch, you can only receive Monarchs based on how much gold you contributed to the pool.
I suggest the person with the highest partial percentage be given the first opportunity to add more gold to get the additional Monarch. If that person declines the option will pas to the next highest partial percentage.
In this example, Person B would have the first option followed by Person A. If Person B puts in more gold for the Monarch, Person A only pays for 11 Monarchs and the remainder of their gold is returned.
What will happen if you lose?
If we do not win the auction, I will return all of your gold.
Regardless of what happens, you will get all of your gold back if we do not win the Flynn's Plunder auction.
Credit goes to Yami no Sakura for the thread setup I borrowed.
