Valex

Valex was a corporation with a cyberpunk-futurist theme, based in the Plus Minus quadrant of Civcraft 2.0. Having achieved large profits historically under the corporate model, Valex served as a strategic consultancy firm and an investment vehicle for wider Civcraft 2.0.

Valex Corporation is centred on Remnant, its capital city. Remnant draws influences from a variety of Cyberpunk and Science-Fiction sources, such as Blade Runner, Gattaca, and TRON. Many different plots, activities, and opportunities are available for visitors and potential citizens. Other settlements under the Valex banner include Crystal Coast and Censure. Valex is also a member of the North-Eastern Alliance.

Remnant
Valex's flagship, its cyberpunk-themed capital city. The city is the base of most Valex shareholders and has a variety of impressive builds. With imposing skyscrapers built into the surrounding cliffs, Remnant is highly vertical in nature.

Album of selected Builds

The GRID
Inspired by the imposing monolithic structures depicted in Blade Runner, the GRID serves as Valex's Colosseum and is a striking monument that has the capability to house a wide variety of events.

Crystal Coast
Image of Crystal Coast

An exclusive collection of luxury plots in a stunning waterfront town, the in-development Crystal Coast is situated in an island bay between Remnant and Fellowship.

Censure
Image of Censure

An agricultural focused settlement sponsored by Valex, Censure is a small town north of Remnant.

History
Valex was founded by a small group of refugees from SPQR amidst political turmoil. Desiring a break from the past and making the most out of the opportunity to try something new, a cyberpunk theme and corporate governance style was chosen (Draft structure can be viewed here). Since then, both old and new friends have joined the corporation and its city, which quickly developed into a thriving nation.

Jaghut, Direct of Strategy, explains Valex's current focus in an interview appearing in the Fellowship Tribune: ''"The last round of share issues went far beyond our expectations, and provided the financial basis for the company to keep paying dividends at their previous levels for months if necessary. However, at the same time a sharp increase in competition in materials and a sharp decrease in activity meant that continuing on as usual would only yield mediocre results. Financially, income streams from material wealth was diminishing at that time and we now had the funds and resources to differentiate ourselves - all our initial goals had been achieved, so we turned to the future. What would the Valex of tomorrow look like? How would it continue to be unique? We've significantly increased the wealth of all shareholders and built an amazing little city in the process, but what next? We made the decision then to focus on long-term projects - projects that would not merely turn a small profit, but help build a safer and more prosperous server as a whole - to enable a higher achieving Civcraft. I see the Valex of today as an investment vehicle to help enable those unique projects."''

The name 'Valex' comes from a portmanteau of Valcar and Alexandria - two proposed names of a concept village to be built under the SPQR banner prior to the split.

Plans and structure were discussed only a few days before the project was started, officially beginning construction on 18th October, 2013. Some of the initial scenes of the early stages of Remnant are charted in this album. The initial challenge of starting the city was the inhospitable terrain - while extensive terraforming took place, most larger builds adapted to the steep cliffs.

Initial plans focused on constructing the base of Remnant and proving the worth of the Corporate structure - untried at Civcraft 2.0 or at such a scale at all. With initialisation of the project and design of the city helmed by CEO Logic_Man, the return of Poopdish to Civcraft led to an aggressive focus on material sales which expanded the companies profits immensely - peaking with a Market Capitalisation of over 22 thousand diamonds. This phase of Valex is charted in the Financial Statements generated in the period below:


 * November 13
 * January 14
 * Febuary 14
 * March 14

Following this outstanding and unexpected success, Valex shifted in focus to an investment approach - seeking to use its material wealth to better Civcraft 2.0 as a whole. Whilst still conducting modest material sales, its most productive citizens now focus on individual projects - such as contributing to the Lightbarrow Cooperative. Derg, a former CEO, went on to become the Sovereign of Fellowship, while Poopdish stepped down from the leadership to enable Logic_Man to take control of Valex forward in its new era.

Structure
Keeping with the cyberpunk-futurist theme, the city of Remnant is administered by the corporation that owns it, Valex. Both citizens and non-citizens alike own shares in Valex, which are necessary for a formal say in its governance, as they entitle the owner to vote for the CEO and on shareholder proposals, proportional to the amount of shares owned.

Shareholders
Shareholders - June 2015

Valex is owned by its shareholders - there are currently 20 individual shareholders who own 2600 shares between them. Shares may be exchanged freely between citizens and non-citizens of Remnant for any reason, including profit, political reasons or as a gift - all that is required is public notification of the share transfer on the subreddit. New Shares are issued when a majority of Shareholders vote to do, and are typically put up for open auction.


 * Current Shareholder Breakdown

Chief Executive Officer (CEO)
The CEO, elected by shareholders, is responsible for exercising leadership, appointing directors, and is the sovereign leader of both Valex Corp and Remnant.

CEOs of Valex:


 * Logic_Man (until the end of Civcraft 2.0)
 * Poopdish
 * Derg
 * Jaghut
 * Logic_Man (interim, founder)

Directors
Directors are positions appointed by the CEO for areas of specific responsibility, such as Defence, Finance, Operations, and Strategy. Directors exercise authority within Remnant and its subsidiaries, and are representatives of the company abroad. Current Directors include Jaghut and Cat_Builder.

Economy
A view of one of Remnant's Farms

Valex is a for-profit corporation and as such works to ensure a healthy return for its shareholders as well as governing Remant effectively. Owning shares in Valex is unique as they entitle the owner to a dividend of Valex’s revenue, proportional to the amount of shares owned. Whilst some plots have an upfront cost to secure prestige areas, citizens of Remnant live tax free and are encouraged to contribute to development in whichever manner suits them best.

Thanks to the selfless efforts of a few dedicated citizens, Valex has several large farms enabling a well-fed and well-supplied population. Currently the corporation gains income from plot sales, donations, and a variety of material sales. Following a materials boom over several months, Valex has diversified into long term investments in efforts to create a sustainable competitive advantage. Drawing on the wide range of expertise of its members, Valex today offers consultancy services for developing and established states, turning Remnant into a knowledge-based economy.