This post outlines Phase 2 of the Bank's liquidation. For information on Phase 1 of the liquidation process, covering the period from July 23rd, 2016 to July 22nd, 2017, see the posts lower on the page.
Following a year of liquidation, the Bank of KoL has begun Phase 2 of the withdrawal process, covering the period from July 23, 2017 onward.
The objective of Phase 2 is to accelerate the withdrawal of large deposits held by active players. Phase 2 increases the ceiling on meat withdrawn per round for each individual account to 500,000,000 meat (500m), up from 200,000,000
meat per round for each account during Phase 1.
Withdrawals will be made periodically in rounds, roughly
every other month, as the Bank liquidates its holdings. Each subsequent round of
withdrawals will include the accounts of depositors active since the date of the previous round.
Withdrawals for each eligible account will be capped at
500m each round to ensure all active depositors receive
equal priority. Larger accounts will receive
withdrawals of up to 500m each eligible round until they are fully withdrawn.
The
first round of Phase 2 withdrawals have been sent. Depositors were eligible for this round if they were active any
time from July 23, 2017 to August
17, 2017. Players
who resume activity going forward will be eligible for future rounds
of withdrawals.
Phase 2 withdrawal rounds:
The first round of Phase 2 withdrawals was sent on August 24, 2017 to all
accounts that were active at any time from July 23, 2017 to August
17, 2017.
The second round of Phase 2 withdrawals was sent on December 4, 2017 to all
accounts that were active at any time from August
17, 2017 to November 30, 2017.
The third round of Phase 2 withdrawals was sent on January 21, 2018
to all accounts that were active at any time from November 30, 2017 to January 20, 2018.
The fourth round of Phase 2 withdrawals was sent on March 3, 2018
to all accounts that were active at any time from January 20, 2018 to March 2, 2018.
The fifth round of Phase 2 withdrawals was sent on September 3, 2018 to all accounts that were active at any time from March 2, 2018 to September 2, 2018.
The sixth round of Phase 2 withdrawals was sent on December 22, 2018 to all accounts that were active at any time from September 2, 2018 to
December 21, 2018.
[etc..]
Please send a kmail if
you have not received a withdrawal for a period in which you were
active.
Reasonable
offers made on items for sale in the Bank's shop will be very much
appreciated, as all sales hasten the return of deposits.
Phase 2 will reach completion when all accounts of active
depositors are fully withdrawn, at which point Phase 3
will be initiated. Phase 3 will begin the withdrawal of accounts held by
inactive depositors.
Withdrawal Format - Phase 2
For accounts less than or equal to 500m:
Dear
[PLAYER],
The Bank of
KoL has closed and is liquidating all accounts. The Bank can
guarantee the return of all deposits, plus interest earned up to the date of
the Bank’s last activity on July 13, 2014, in addition to a further 10% return
on that total balance. Any additional meat resulting from the Bank’s
liquidation will be put toward increasing your return on investment.
The
principal of your deposit, plus all interest earned up to July 13, 2014, sums
to [PAST BALANCE]. A further 10% return on that balance yields [10% RETURN]
meat added to your account, representing partial payment of interest accrued
during the Bank's inactivity. As the Bank liquidates you may receive payments
of additional interest if surplus meat becomes available, although such
payments cannot presently be estimated or guaranteed.
Enclosed is
[WITHDRAWAL] meat as a full withdrawal of your total balance as of July 13,
2014, in addition to a 10% return on that balance.
Your deposit
was selected for priority withdrawal due to your status as an active account.
For information on how priority was determined please refer to this post: http://bankofkol.blogspot.ca/
Please send
a message if you have questions concerning your deposit, although do not expect
to receive estimates on any additional interest. Also be in touch if you'd like
to make an offer on any items for sale in the Bank's mall shop, as all
purchases will expedite the return of deposits.
Thank you
for depositing with the Bank of KoL, and my apologies for the considerable delay.
Sincerely,
Bank of KoL
For accounts greater than 500m:
Dear
[PLAYER],
The Bank of
KoL has closed and is liquidating all accounts. The Bank can
guarantee the return of all deposits, plus interest earned up to the date of
the Bank’s last activity on July 13, 2014, in addition to a further 10% return
on that total balance. Any additional meat resulting from the Bank’s
liquidation will be put toward increasing your return on investment.
The
principal of your deposit, plus all interest earned up to July 13, 2014, sums
to [PAST BALANCE]. A further 10% return on that balance yields [10% RETURN]
meat added to your account, representing partial payment of interest accrued
during the Bank's inactivity. As the Bank liquidates you may receive payments
of additional interest if surplus meat becomes available, although such
payments cannot presently be estimated or guaranteed.
Enclosed is 500,000,000 meat as a partial withdrawal of your account. This withdrawal has
been capped at a maximum of 500m per account to ensure all active players
receive equal priority given the Bank's current meat on hand. Your account now
has a balance remaining of [REMAINING= (PAST BALANCE + 10% RETURN - 500m)] meat. Further withdrawals of up to 500m each round will be sent
to active accounts until fully withdrawn.
Your deposit
was selected for priority withdrawal due to your status as an active account.
For information on how priority was determined please refer to this post: http://bankofkol.blogspot.ca/
Please send
a message if you have questions concerning your deposit, although do not expect
to receive estimates on any additional interest or the timing of forthcoming withdrawals. Also be in touch if you'd like
to make an offer on any items for sale in the Bank's mall shop, as all
purchases will expedite the return of deposits.
Thank you
for depositing with the Bank of KoL, and my apologies for the considerable delay.
Sincerely,
Bank of KoL
