Kevin Green, the current share price leader on EAv, posted this insightful bit in the Community Discussion area. I’ve reposted with his permission:
There are a number of EA members going around blogging about their expertise on how EA works. Please before you go publish crap please read the FAQ on EA
To dispel a couple when NEW myths going around…
1 The divs you pay out are based on your actions and response to them. They are NOT based on the yield factor of tickers you own. This MYTH has been around forever and just isn’t true.
another one going around
2 Buy me because I only receive divs if we both own each other. MYTH You get paid on who you own regardless if they own you.
and my favorite MYTH that has been around forever
3 They way to win the game of EA is thru yield. Well first of all there is no winner, at least from a monopoly game sense, your personal goals of why you are here will make you a winner if you achieve them. Unless you are a celebrity ignoring your “fans” will most likely make you a looser. oops even celebrities can fade away. In social media judging someone by a preconcieved caste system (yield) will most likely lead you to failure
Michael Eisbrener
Dec 05, 2013 @ 12:11:02
In the ‘evaluate’ section, EA says that in my case 12% of your share price is based on your top 5 Network Scores. That means 88% of my score is about what other people do relative to me. I like the ‘game’ of this.. The way to ‘win’ is to play. Every other method involves quitting.
fixedopsgenius
Dec 05, 2013 @ 12:57:29
How the percentage works is that through rollovers 12% of your price was made up of social media network scores above the base of $10 e where everyone else starts, 88% of your stock price was made up from people buying your shares at the rate of .029 each.
So Michael based on 531.80 share price 63.82 of your share price is from networks 467.98 is increases due to people buying you over time.
A new persons share price jumps so much from the market maker as their network scores are calculated over 7 days then they level off and price becomes more a factor of time and share sales.
Ina Cordova
Dec 10, 2013 @ 12:52:45
Hi Kevin, thanks for clearing that up for me…
fixedopsgenius
Dec 05, 2013 @ 12:59:01
Thanks Paul for posting, there are many more but these were the two latest going around and there are many new and old that can benefit from knowing
leftyronsidwell
Dec 05, 2013 @ 13:11:32
Reblogged this on LeftyRonbo notepad.
Kevin Green: EA Myths – Please stop creating them | amidiabetic
Dec 05, 2013 @ 13:12:34
leftyronsidwell
Dec 05, 2013 @ 13:13:52
I’d like to see more myths exposed from Kevin Green, Paul, and the like.
Kevin Green: EA Myths - Please stop creating th...
Dec 05, 2013 @ 13:15:24
Kevin Green: EA Myths – Please stop creating them | Greatpoetrymhf's Weblog
Dec 05, 2013 @ 13:15:32
greatpoetrymhf
Dec 05, 2013 @ 13:21:07
thank you Paul for sharing this and THx Kevin Green for clearing the air. When I announced I was focusing on my health rather than EA one certain myth-making-big mouth bully.. BULLIED me for a week telling me great and wonderous lies….about how I needed to buy back their shares to be a success. I thank you for healing my heart with your clear message.
icqstory2
Dec 05, 2013 @ 13:27:59
The wikipedia article seems to mention my city edmonton quite nicely haha.
Now we have more than just Wayne Gretzky and West edmonton mall.Indeed it is a cheerful day for all ‘edmontonians’ as they are called so proudly here.
I have been analyzing empire avenue lately when I have time for it.
Eventhough it is founded in my city, since i’ve lived in edmonton more than 30 years I am not too impressed,us canadians ( and yes I can speak for them all thank you) we like to boast about our achievements and success’s and things we contribute to the world, but then when we go back to look over our checklists, we often find ourselves citing credit from other bodies,cause that is just the way we operate here.
You americans on the other hand, well hah that is another story for another day. So Kevin, I agree with you about the perpetuating myths , I guess, but do you have any additional resources ,maybe some screenshots about the software? or well the math you mentioned ,can you proove it?
the wikipedia article is very short and concise and sweet! and if we want,we can easily seek who wrote those posts in 2010 , who edited them etc,which is why I ask you in seriousness, do you have any additional sources or is it a makeshift type of post? Not trying to be a prick or anything , just curious is all.
fixedopsgenius
Dec 05, 2013 @ 14:08:12
Well I didn’t post the link as it is on the EA site itself under FAQ but I did mention to go there https://www.empireavenue.com/p/help
How do I earn Eaves (our virtual currency) on Empire Avenue?
Empire Avenue uses a virtual currency called “Eaves”, signified by a blue “e” icon seen throughout the site. This virtual currency is throughout on Empire Avenue, as well as purchasing Upgrades and creating Missions. This currency has no real-world value.
You can earn Eaves by being listed on the Stock Market and having people purchase your shares and by owning shares in others. See Stock Market FAQ
You can earn Eaves by competing Missions that others have listed! See Missions FAQ
You can buy Eaves in our Store!
https://www.empireavenue.com/help/faqview?faq_id=16
How do I earn Empire Avenue “Eaves” (virtual currency) on the Stock Market?
Empire Avenue uses a virtual currency called “Eaves”, signified by a blue “e” icon seen throughout the site. This virtual currency is used throughout Empire Avenue, as well as purchasing Upgrades and creating Missions. This currency has no real-world value.
There are many ways to earn Eaves including doing Missions and purchasing Eaves in our Shop. Following are the ways you can earn Eaves on the Social Market:
Sell your virtual shares to others. Every time another user buys your virtual shares, you get to keep 50 % of the value of the virtual shares. So if someone buys 200 virtual shares in you at a price of 10e per virtual share, they pay 2100e (includes a 5% commission the buyer pays) and you get 1000e. Beyond 20,000 outstanding virtual shares, the percentage paid to you from virtual share sales decreases from 50% down to a minimum of 10% for high numbers of outstanding virtual shares.
Sell virtual shares from your portfolio for a profit. As you buy virtual shares in other profiles and as days pass, you will (hopefully!) find that the virtual stock price of those profiles has increased. You can then, if you wish, sell those virtual shares for a profit. As with a real stock market, a good strategy is “buy low, sell high”. Remember, there is a commission (usually 5 %) for both buying and selling of virtual shares, so a very small increase in virtual stock price may not result in much profit.
Dividends in Eaves are rewarded to you from your investments. For example, you’ve invested in John, John is active online and receives engagement, you will receive a daily Dividend from John based on your investment in him. You can see how much we estimate he will pay you on his Profile under Average Dividend Per Share. For example If you own 100 shares in John, and John pays 1.25e per share in daily Dividend then you should receive 125e in eaves each day. As it is dependent on John’s activity and engagement, the actual daily payment may change up or down!
What are Dividends? How are they calculated?
On Empire Avenue we pay you daily for the shares you own in someone based on their activity and engagement! How it works:
You buy shares in John Smith
John Smith posts on Twitter and Facebook, uploads stuff to Instagram and YouTube throughout the day
Based on John’s activity and engagement in those networks, we create a pool of Eaves once a day
We take that pool and we divide it among John’s shareholders, based on the number of shares each user owns.
If you want to be a wise investor, buy shares in people who have great engagement (Network Scores)!
Your dividend payout for each network depends on three factors:
Your daily activity on that network (tweets, posts, photos, videos…)
Your audience’s reaction to that activity (in the form of likes, comments, retweets, shares, favorites…)
Your Network Score on that network (Network Scores are based on a several-week-lookback measurement of your activity and audience on that network.)
Please note: Beyond 5,000 investments (you may upgrade your portfolio size in the Empire Avenue Shop), we limit the number of profiles paying you dividends daily to the Top 5,000 in your portfolio based on their average dividends per share and your shareholdings in them.
Your Dividend Payout is based on your top 5 earning networks in any given day, as well as the sum of all your Network Scores (the numbers displayed in icons on your profile). So being active on all Networks will increase your Network Scores, and therefore your dividend payout, in the long term.
To maximize your dividend payouts, you should:
Empire Avenue: Login and do some transactions (even if you just buy or sell one or two users) regularly. Create Missions, rate the Mission completers, send shareholder mail and be active in your Communities, and get others to respond to your Community posts, Missions and Mail. Complete Missions, and get positive ratings by the Mission creator for completing those Missions.
Facebook, Facebook Pages: Post statuses. The more comments and likes you get on those statuses, the better. Comments from different users are better than lots of comments from the same user.
Twitter: Post tweets. The more people retweet you, the better.
Flickr: Post photos. You don’t need to post 200 photos every day, just get people to interact with the ones you do post through their comments and favorites. Comments from different users are better than lots of comments from the same user.
YouTube: Post Videos. Again, no need to post 20 videos a day, just get people to interact with the ones you do post through their comments and favorites. Comments from different users are better than lots of comments from the same user. Comments and rates by you on other people’s videos also counts, to a limited extent.
Foursquare: Check in to locations. Busy, verified locations (like those with specials) are worth much more than frivolous ones like “my basement”. Write tips, and get others to complete them! Instagram: Post photos. The more comments and likes you get, the better. Comments from different users are better than lots of comments from the same user, and lots of likes on a single picture is better than the same people liking multiple pictures.
Wordpress: Post blog posts, and get others to comment on them.
LinkedIn: Due to limited available information from this connection, we pay a lower, fixed amount for LinkedIn.
All Networks: Your dividends will increase as you increase your Network Score. Your Network Scores are based on the above factors, but over several weeks rather than just over the last day or two, so sustained activity over many weeks is important. They also depend on your audience size, so increase the number of your followers, friends, or whatever, and your payouts will gradually increase.
Please note: Average daily dividend payout shown on profiles is an estimation only!
Are the Dividends I pay to my Shareholders based on whom I invest in?
No. There is no direct relationship between the Dividends you pay out and whom you invest in. Dividends you receive ,of course, are related to whom you invest in. Obviously investing in great people will create great personal reciprocal networks and activity and engagement with you which can result in increased dividend payouts to others!
michellegilstrap
Dec 05, 2013 @ 13:38:05
Yahoo to you both for helping to break this wonderful Myth. I applaud you both for taking on the guys who try to keep these going. Bravo, Bravo!!!!
Jack Baldwin
Dec 05, 2013 @ 14:51:43
wow, this seems like a fun way to turn into a game, I guess I didn’t realize people took this so seriously
Scott Conner Ⓥ (@Scott_Vegan)
Dec 05, 2013 @ 14:59:22
I fell prey to:
Buy me because I only receive divs if we both own each other. MYTH You get paid on who you own regardless if they own you.
The reason I found it believable is due to the fact that in your portfolio if you click on someone you have a mutual investment with, you are shown your estimated dividends earned at close.
However if you click on someone whom is not invested in you you do not see an estimate of dividends that you will earn.
Michael Smith
Dec 05, 2013 @ 15:12:38
Well I am new here but it seems that if you run missions, buy other peoples shares, other people will then buy your shares and your share price will go up. How the divs work I don’t know and I am not sure I care as long as they go up according to your activity.
denniscoble
Dec 05, 2013 @ 15:42:10
Reblogged this on denniscoble.
Kevin Green: EA Myths – Please stop creating them | vicassoc
Dec 05, 2013 @ 15:52:16
salesgamechanger
Dec 05, 2013 @ 17:35:35
Reblogged this on salesgamechanger.
Mary-Margaret Walker (@mmwalker)
Dec 06, 2013 @ 02:59:03
Thanks – Thanks and Thanks!! 😀
Hartley B Singer (@HartleyBSinger)
Dec 06, 2013 @ 15:28:41
These were never myths to me, but hope someone is listening. Other than that – thanks for posting A LOT of extra information in the comments which, probably is a separate post at that!
Kevin Green: EA Myths – Please stop creating them | Godsent247's Blog
Dec 07, 2013 @ 10:00:10
James Duckett
Dec 10, 2013 @ 15:51:03
Good, informative post. I’ve also heard a rumor that you like to mail $100 bills to random EA users. This is true, right? … right?
madame1980
Dec 11, 2013 @ 10:43:01
Reblogged this on Madame Speed.
Kevin Green: EA Myths – Please stop creating them | Shawn's Blog
Dec 11, 2013 @ 16:09:19
patricepaquette
Dec 13, 2013 @ 11:44:25
Reblogged this on ReblogSocial.
Bob Warren
Dec 16, 2013 @ 16:48:28
Kevin Rocks….
Bob Warren
Dec 16, 2013 @ 16:49:13
So Does Paul…. 🙂
@PaulSteinbrueck
Dec 16, 2013 @ 17:23:20
Thanks Bob! It’s been a while. What’s up?
mrbill01
Dec 16, 2013 @ 22:45:10
Reblogged this on WFT! is up with wp/EA/fb and other bitches and moans.
gloriabieser
Dec 17, 2013 @ 13:50:52
I do not agree with all, for it is very important how much a stock is yielding. I think, you are just creating a new myth here, most likely in ignorance, but still.
Many will abuse this statement now, and I don’t like that. Fact is, if you buy bad stocks, stocks that are extremely expensive, but don’t yield a good profit, immediately your own dividend profit goes downhill. And if you sell such bad stocks, immediately your dividend profits go up. And this is a fact !!!!!! Yet I still foillow your blog now, for the rest is pretty good 🙂
Sig. http://xeeme.com/gloriabieser
@PaulSteinbrueck
Dec 17, 2013 @ 16:05:29
Glorida, what evidence do you base your claim on?
I can tell you based on my own personal experience and the EAv FAQs – http://empireavenue.com/help/faqview?faq_id=16 – that the dividend you pay your investors is not affected by the stocks in your portfolio.
Colin Campbell
Dec 28, 2013 @ 20:41:31
Thank you. Nothing really new, but important that people understand how to be succesful in the game.
JW Najarian
Jan 03, 2014 @ 05:40:59
I could care less how eaves are made or whatever…. I use EAv to connect with others, the missions and to gauge what I am doing in social media as a whole.
I do thank you for these wonderful posts however, cuz so many really do care.