KatKwiz can no longer operate as it has in the past due to the newly incorporated interest payments. The rules state that KatKwiz will pay out 1% of its bank balance daily, which was equal to the amount received in interest. This scheme would have kept KatKwiz going forever, paying out ever increasing amounts of points due to my posting and further donations. But now the interest has been cut from 2.00% to 0.03%, a drastic cut. Although I agree with the cut to curb inflation, the cats are faced with two choices:
1. Change the KatKwiz rules from paying out 1.00% daily to 0.15% daily. The impact of this would be that the daily payout would go from 3500 points to just 500 points, a drastic cut indeed.
2. Keep the payout at 3500 points a day until the KatKwiz bank has paid out all points donated by our members. At present, this would mean KatKwiz could continue at the present level for about 60 days with no further donations. Of course, depending on the level of donations, it could still run forever.
I personally prefer the latter because over time the daily payout has reached this level and our players have come to expect this daily level. I doubt that we would hold on to many players if the payout went from 3500 to 500.
The cats and I have decided that we will abide by this one time poll and will carry on according to the outcome.
1. Change the KatKwiz rules from paying out 1.00% daily to 0.15% daily. The impact of this would be that the daily payout would go from 3500 points to just 500 points, a drastic cut indeed.
2. Keep the payout at 3500 points a day until the KatKwiz bank has paid out all points donated by our members. At present, this would mean KatKwiz could continue at the present level for about 60 days with no further donations. Of course, depending on the level of donations, it could still run forever.
I personally prefer the latter because over time the daily payout has reached this level and our players have come to expect this daily level. I doubt that we would hold on to many players if the payout went from 3500 to 500.
The cats and I have decided that we will abide by this one time poll and will carry on according to the outcome.