After a longer than intended break following the liquidation of accounts held by active players in 2016-2018, the Bank of KoL is now proceeding to return all deposits of inactive players, completing the liquidation process. The bulk of any remaining meat will be paid out to past depositors as an additional return on their balance as of 2014, when the Bank ceased activity due to health issues.
Summary of the 2016-2018 Liquidation Period
In 2016, the Bank entered into liquidation. All deposits plus interest earned up to the day the Bank ceased activity in 2014 was guaranteed, in addition to a further 10% return on this amount.
As the Bank liquidated and the meat became available, it sent rounds of withdrawals to players. Priority was given to active players, and each round was capped at 200 million meat withdrawn per account to ensure all active players received equal priority.
When the Bank began liquidation, all accounts of 200 million meat and less held by active players were immediately returned. Larger accounts held by active players received partial withdrawals of 200 million meat per round.
After a year of liquidation, all accounts of one billion meat and less held by active players were returned, and the cap on meat withdrawn per round was raised to 500 million to accelerate the return of large accounts.
By the end of 2018, the Bank had liquidated the majority of its holdings. All accounts held by players who maintained activity had been returned, except for two very large accounts, which had their principal and most interest returned, as further liquidation was required for these accounts to be fully withdrawn.
In 2019, the Bank took a break from liquidation while waiting for its remaining holdings to sell.
