Introducing - ICF Economy [Bank is Open Now]

[Nova]

Introducing - ICF Economy 

 

We are pleased to introduce a new ICF economy for our members to earn ICF money. The currency will be ICF Rupees.  

 

1. How to earn ICF Rupees?

You can earn ICF Rupees by making runs. Runs are basically points you get for participating in forum activities. Accumulated runs are then exchanged for ICF Rupees once or twice a month.  

 

Ways to make Runs	Cricket Talk Forum (Runs)	IPL, Chit Chat, Other Sports, Politics Forum (Runs)
Create Thread	400	200
Reply to Thread	30	20
Receive replies (Topic starter gets points)	20	10
Write an Article	5,000	5,000

 

1.1 Bonus may be awarded:

• To Poster of the Week/Month
• For outstanding posts at the discretion of ICF staff. 
• On special occasions such as Diwali, Christmas, ICF Anniversary, etc. 

 

2. How to exchange Runs for ICF Rupees?

2.1. Conversion of runs to ICF Rupees is not automated. Transaction threads will be opened by @ICF BANK where members can post to request conversions. Specified runs will then be deducted from your account and ICF Rupees will be credited according to a set exchange rate. The current rate is 1:10

2.2. Request for conversion of runs to rupees may only be done once or twice a month.

2.3. ICF Bank is only for transaction purpose. Please do not message this account for any other queries or help.

 

3. Making transactions using the Economy Dashboard:

3.1. You will have two accounts in your Economy Dashboard: Spending Account and Savings Account.

ICF Bank will deposit your earnings to your Spending Account.

3.2. To increase your earnings, you may choose to invest part of your income in the Savings Account and earn weekly interest with a holding period of 30 days. Interest rate is 2% per day. Rates are subject to change periodically.

3.3. You can send ICF Rupees to other members using the dashboard.

Note:

The Economy Dashboard is located here and in the drop down menu at top right section of the forum.

You can also access it on mobile site in the Main Menu > Apps > Economies.

 

4. What to do with ICF Rupees? 

Use your money in creative ways:

4.1. Betting on matches (including Live betting)

4.2. Bidding to open match threads. Take out a loan from ICF Bank to bid for a match thread. Match threads have high earning potential for the thread starter due to the volume of replies. 

4.3. Organize your own games and use Rupees for payouts or awards. ICF Bank may sponsor some games. 

 

6. Rules and Guidelines

6.1. Creating frivolous threads or spamming just to earn points will get you warnings and ban.

6.2. Please do not abuse the system but strive to participate in a fair manner.  

6.3 If a thread gets deleted, the topic starter will lose the points gained at the time of making the thread.

 

7. Other Notes:

7.1. As we are running this model for the first time, there is room for further improvement and/or revisions as necessary.

7.2. This new economy is conservative as compared to the previous inflated ICF $ model. We would like to have a realistic economy rather than circulation of hyper-inflated billions/trillions. 

If there are any questions, suggestions or feedback, please do reply to this thread here.

 

 

The ICF Economy and Betting section is now open. Please visit the Banking Threads to avail of their services.