Apollo 7th, 1442 — 10am, City of Caledon, State of Pavae.
The air carried a subtle crispness that hinted at the energy of a day full of potential. As I entered the hallowed meeting room, the soft echoes of my footsteps filled the space, mingling with the distant sounds of people below moving to a throw. Sunlight filtered through the tall windows, casting warm, golden patterns across the polished mahogany table and the plush chairs carefully arranged around it.
Seated in their respective places, Nora, Solomon, Jon, Allison, and Theresa greeted me with composed expressions, each radiating a calm professionalism. Nora's sharp eyes flicked up briefly, as if measuring the moment. Solomon leaned back slightly, his hands clasped in thoughtful repose. Jon offered a faint nod, his demeanor steady and reliable. Allison had a notebook open, her pen poised as though already drafting thoughts, while Theresa sat elegantly, her fingertips resting lightly on the table's edge.
As I moved to my seat at the head of the table, the room seemed to gather itself, drawing in the collective focus of everyone present. The weight of their attention felt tangible, charged with a shared purpose. I took my place, letting a brief pause settle like a punctuation mark. With a deliberate nod to Nora, who held my gaze with quiet confidence, the meeting commenced with the assistant closing the door of the meeting room on their way out.
The first topic of the meeting focused on customer and profit trends. On Monday, the 1st, the Bank of Apollo recorded a total of 8,592 visitors, out of which 6,845 individuals proceeded to create an account, resulting in an impressive account creation rate of 79.66%.
Each new account required a minimum deposit of 100 Mill, which is equivalent to 0.01 grams of gold, approximately 1 USD, or 0.90 EUR. For basic members, the bank applied a 5% base fee on this minimum deposit, aligning with its standard membership policy. These figures highlighted a remarkable initial response to the bank's services, reflecting both public interest and confidence in the institution.
The combined account openings resulted in the bank's treasury increasing by 684.5 Sols, equivalent to 68.45 grams of gold. Of this amount, the bank generated a profit of 34.225 Sols from the 5% base fee charged to basic members. This profit was promptly reinvested into the treasury, reinforcing its financial foundation.
However, the growth of the treasury was not solely reliant on new account deposits. Additional deposits from other sources amounted to a substantial 23,816 Sols. From these deposits, the bank earned a profit of 1,190.8 Sols, further strengthening its financial position. These combined efforts demonstrated the bank's robust strategy for revenue generation and reinvestment.
But that wasn't the full story. A significant portion of the bank's activity stemmed from the loans that customers eagerly sought. Out of the 6,845 individuals who opened accounts, 847 applied for loans. Many of these borrowers took advantage of the bank's favorable terms to either refinance their existing loans at a lower interest rate or to secure the capital needed to launch new businesses.
The total value of these loans amounted to an impressive 104,917 Sols. With a 5% upfront fee applied, the bank immediately generated 5,245.85 Sols in profit. Additionally, the 15% monthly interest rate on these loans was projected to bring in a substantial recurring revenue of approximately 15,737.55 Sols per month.
After presenting the data from the bank's opening day, we delved into the customer trends observed throughout the rest of the week. The figures painted a picture of immense growth and public enthusiasm for the Bank of Apollo. On Tuesday, 9,183 new accounts were created. This number climbed steadily on Wednesday, with 14,906 accounts opened. Thursday saw a significant surge, with 26,733 individuals registering for accounts. The momentum carried over into Friday, which witnessed 42,108 new account creations. By Saturday, the bank was flourishing, with an impressive 49,186 accounts opened. Finally, the week concluded on Sunday with an astounding 51,441 people creating accounts.
By the end of this remarkable first week, a total of 193,557 people had opened accounts at the Bank of Apollo. This impressive turnout translated into 17.59% of the city's population becoming account holders—a clear testament to the bank's widespread appeal and strong community presence. Additionally, when viewed on a broader scale, the data revealed that 3.72% of the population of the State of Pavae, which had a total population of 5,200,000, had chosen to bank with Apollo. These numbers underscored the institution's rapid early success in establishing itself as a trusted and sought-after financial entity in both local and regional spheres.
The growth of the treasury saw a significant boost, primarily from deposits. A total of 19,355.7 Sols worth of gold in Thal and Ran coins was added, complemented by an additional 967.785 Sols generated from account fees. However, this increase represented only the deposits. When accounting for all contributions, the treasury's total growth reached an impressive 975,007.278 Sols worth of gold, including the aforementioned fees.
This substantial increase not only underscored the bank's success in attracting deposits but also highlighted its capacity to generate revenue through a combination of account activity and strategic fee structuring.
Finally, the loans emerged as the most lucrative source of profit over the past seven days. The total loan value reached a staggering 966,744.918 Sols, showcasing the strong demand for financial support among account holders. From these loans, the bank generated an upfront profit of 48,337.246 Sols through fees, further strengthening its financial position.
Additionally, the monthly interest payments from these loans were calculated to yield an impressive 145,011.738 Sols, ensuring a consistent stream of income that would contribute to the bank's sustained growth and profitability. This exceptional performance highlighted the pivotal role of loans in driving the Bank of Apollo's overall success during its first week of operations.
The second topic of the meeting revolved around the critical task of minting Sol and Mill to meet the surging demand and accommodate the treasury's expansion. With an ever-growing customer base and rapid increases in deposits, the bank's currency production capabilities needed to be examined with precision. This led to a comprehensive discussion of the minting and printing facilities, their capacities, and their strategic roles in maintaining monetary flow. Each facility, distinct in function and design, held unique importance: AM0 for coin minting and AS0 for bill printing.
The AM0 minting facility was a mechanical masterpiece, engineered for unmatched efficiency in producing Mill coins. Housing 60 minting presses, each capable of stamping 300 coins per minute, the facility was a symphony of rhythmic precision. The presses worked tirelessly, their sharp dies cutting and embossing intricate designs onto blank metal discs with incredible speed and accuracy. Together, the presses churned out 1,800 coins every minute, and when operating at full capacity across a 24-hour cycle, the facility could produce an awe-inspiring 2,592,000 coins per day.
At peak performance, this output scaled dramatically to 259,200,000 Mills per day. This was a theoretical maximum that accounted for ideal conditions—perfect machinery maintenance, continuous staffing, and uninterrupted operations. Even at the lowest operational end, the facility could still produce 2,592,000 Mills daily, ensuring a steady stream of coins to meet daily financial demands. On average, the AM0 facility maintained a reliable output of 130,896,000 Mills per day, equating to approximately 13,089.6 Sols.
What made the AM0 facility particularly remarkable was its adaptability. Its minting presses were designed with modular components, allowing for quick adjustments in production settings to meet specific demands for varying coin sizes and denominations. This versatility was key in ensuring the bank could respond swiftly to shifts in market demand.
The AS0 printing facility was a marvel of modern engineering, designed with precision and efficiency at its core. Housing six state-of-the-art high-speed printing machines, the facility operated as the lifeblood of currency production, ensuring that the demand for Sol bills was met with precision and speed.
Each of the six machines was a powerhouse, capable of producing 5,000 bills per minute. This extraordinary rate of output meant that, when operating simultaneously, the machines could collectively produce 30,000 bills every minute. The synchronized rhythm of the machines, with paper sliding through the rollers and ink drying at remarkable speeds, was a testament to the facility's technological prowess.
At full operational capacity, running around the clock for 24 hours, the AS0 facility could print an astounding 43.2 million bills in a single day. This level of output translated into a maximum daily value of 3,000,000 Sols, ensuring that the facility could meet even the most demanding surges in currency requirements. The hum of machinery echoed through the vast production hall, a constant reminder of the critical role this facility played in supporting the financial infrastructure.
Even at its lowest capacity, the AS0 facility demonstrated impressive resilience. Should operational constraints arise, such as machine downtime or staffing limitations, it could still produce 3,000 Sols worth of bills per day. On average, however, the facility maintained a steady output of approximately 1,501,500 Sols per day, balancing demand and production capabilities efficiently.
What set the AS0 apart was not just its sheer output but the strategic design of its process. Each bill was printed with advanced security features, including intricate designs, watermarks, and anti-counterfeiting measures, ensuring that the currency was both durable and trustworthy. Quality control protocols were embedded at every stage of production, with inspectors overseeing the precision of prints and the consistency of materials used.
The facility's streamlined workflow, from the intake of raw materials like specialized paper and ink to the packaging and transportation of finished bills, operated like a finely tuned orchestra. This ensured not only efficiency but also minimized waste and maximized the facility's output potential. The AS0's capability to deliver such a massive volume of bills within a short timeframe cemented its place as an essential component of the Bank of Apollo's operations, ready to adapt to the growing financial needs of the populace.
As the discussion shifted, the team collectively decided on a prudent approach for utilizing the treasury. It was agreed that 90% of the current and future treasury growth would be allocated toward the production of new currency bills for the public. The remaining 10% would be used to produce reserve bills as a safeguard to reassure the public and maintain a financial safety net in times of uncertainty.
The treasury saw an exceptional increase, rising by 1,401,904.764 Sols during this period—a dramatic surge beyond its original balance of 1.4 million Sols. This growth, equivalent to 140.19 kilograms of gold, demonstrated the institution's ability to attract and manage significant financial resources. The increase was meticulously divided into multiple allocations to ensure efficiency and address various needs.
The first portion of the treasury was allocated for the minting of Mill coins, which numbered an incredible 46,144,047 units. Each coin was valued at fractions of a Sol, but together they contributed a total worth of 274,084 Sols to the currency supply. This step was crucial to ensuring the availability of small denominations for everyday transactions, underscoring the bank's commitment to serving the practical needs of the community.
An even larger allocation went into the printing of Sol bills. A total of 1,624,064 bills were produced during this cycle, representing a combined value of 986,816 Sols. These bills ranged in denominations to meet the diverse financial demands of the populace, from smaller values for general use to mid-range bills aimed at larger transactions.
In alignment with prudent financial planning, 10% of the treasury's growth was reserved for the production of high-denomination bills intended for emergency reserves. This amounted to 140 bills, each valued at 1,000 Sols, highlighting their purpose as a strategic reserve. Unlike regular currency, these bills were not circulated among the public but were stored securely in the bank's reserve vault. The remaining 100 Sols of the reserved gold were set aside for the next cycle of reserve bill production, ensuring continuous preparedness.
Special attention was given to the storage of these reserve bills, given their extraordinary value and significance. Unlike regular currency, the reserve bills were housed in the bank's secure reserve vault, a heavily fortified facility that stood apart from the civilian vault. While the civilian vault featured two security doors and checkpoints, the reserve vault incorporated five layers of security, including multiple checkpoints, reinforced vault doors, and a double-vault system. Access to the reserve vault required the simultaneous use of two head officials' keycards and keys, underscoring its impenetrable design and the bank's unwavering commitment to security.
*Authors note from now on all money will be in Sols, also the monetary amounts will change to be more accurate so don't be alarmed at the changes from past chapters*.