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P1B

How the
Action Fund works

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Image by Towfiqu barbhuiya

All payment funds pay according to the input and support of each individual member!

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Payments are made according to each members actions during the preceding fortnight.

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THE ACTION FUND CONSISTS OF 6 ACCOUNTS

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Each account accesses data from the app and from new membership nominations. This data is added to the data contained in the account from the previous fortnight.

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The 6 accounts are;

  • BA04-Introductions

  • BA05-Trips & Miles

  • BA06A-Stars

  • BA06B-Quiz & Questionnaire

  • BA07-Join Date

  • BA08-Action Fund Totals

BA07-
Action Fund: The 'Join Date' Part

The 'Join Date' part of the Action Fund is easy to understand.

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Each member is awarded a number of shares, equal to the unbroken length of membership configured in the number of days since the date of registration.

 

A bonus is added to this number when the member reaches 30 days. Instead of 30 shares being applied, a bonus of 15 days is added and the member receives 45 shares.

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The 15 shares bonus applies for each fortnight's calculations, until the member accumulates 100 days. At this point, the bonus of 15 shares REMAINS and a further 50 shares is added.

 

Example

On day 100 the member will have 165 shares.

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Actual days = 100

30 day bonus = 15

100 day bonus = 50

Action Fund Payments for each part
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Bonuses are applied when members reach specific numbers of days of membership.

The bonus is added to the existing join date, but the join date remains accurate, only the bonus is applied.

BA07-
Action Fund: The 'Date Joined' Part

Go to the next part: ACTION FUND TOTALS

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