A Fair and Balanced Report of News and Happenings in the Village


A Fair and Balanced Reporting of News and Happenings in the Village

Monday, March 14, 2011

Daily Profits Now Being Paid


We paid a lump-sum payout on Friday, March 11, 2011 for all Activity Points earned from February 7, 2011 (the first day of live trading) to March 5, 2011. You will see this in your My Credits Balance page as "Accumulated Profit Share".

We paid another lump-sum payout on Monday, March 14, 2011 for all Activity Points earned from March 6, 2011 to March 13, 2011. You will see this in your My Credits Balance page as "Daily Profit Share".

Why is it called "Daily Profit Share"? Good question. Glad you asked.

After reviewing the payouts on March 11 and March 14, we realized we could afford to pay our members a much higher percentage of our profits than we originally estimated. We have been watching the trends on the site and other variables to help us define the correct percentage to deposit into the Profit Share Pool. As such, we realized this pool could be increased. Also, we realized our members may rather be paid DAILY than WEEKLY.

So, we are happy to announce that, as of today, we are paying all our members every night at midnight for the Activity Points they earn that day. Also, we are happy to announce we are greatly increasing the percentage of profits that will be placed into the Profit Share Pool and distributed to our members. Check the site over the next several days. You will see that we do profit sharing every day now, and we are increasing the percentage of our profits that we are paying out to our members.

Also, we made one other improvement to the Daily Profit Share system. We decided to hold over Activity Points for any members who do not have enough to be paid. So, if you have too few Activity Points on any given day to receive a profit share that day, we will roll your Activity Points over to the next day. For example: Say a point is worth 0.001 tagvillage Credits. You would need 10 Points to earn 0.01 Credits. If you only had 9 points, we will roll those 9 points over and add them to the next day's Activity Points. This way, you ALWAYS get paid something for EVERY SINGLE point you earn!

We truly hope you realize our goal is to do the best we can to reward our members properly. We appreciate your hard work and feel we owe you more. We hope you will be pleased by these enhancements. Remember, this is a beta stage of a developing platform. We will be enhancing it as we determine we can make it better for you. tagvillage has the benefit of our members at heart. We are doing everything we can to make this an amazing platform for you and the Causes you support.


Your  It,
Tagger

No comments:

Post a Comment