Chapter 133 Point Frenzy (1/2)
As a player auction house, the tax rate of the City of Light Central Auction House was 2% lower than that of the system. That was a big save on the channel fees. Those types of auctions were much more flexible than that of the system auction house. Even if one wanted to sell themselves, there would not be any problem!
And what was the most attracting was the Cash Exchange System!
Prior to that, players were selling their gold coins and valuable items on the black market - customers and sellers traded through private contacts, and sellers often fled with the money. Later, the so-called ”guarantee intermediary” appeared, but it was still unable to prevent such a phenomenon.
Who cared who one was when there were benefits?
Who knew who someone was when they used the Internet?
As a result, the credibility of the black market was very poor. Players could only find large studios to buy gold coins or items. And big studios were not affordable for civilians, which created a huge market gap.
But here, at the auction house in the City of Light Central Auction House, players could make the safest deal! When they put items on the shelf, there would be a system NPC taking care of their items. As long as the customer made the orders, the transaction would be completed immediately, and the money would be transferred to sellers' account immediately.
The equipment and gold coins players were selling would be arranged from high to low in a cost-effective manner. Customers only needed to press a key, and it would screen out the best cost-effective items. The black market gold coin exchange ratio was between 400 and 600, whether it was safe or not was uncertain.
But here, one could exchange gold coins at the rate of 350:1 and guaranteed safety!
Right after the auction house was opened, there were many items put up. More than 40 gold coins were waiting to be sold!
These goods came from the Sky Provisions Shop. Everything needed to be publicized, and so did the auction house.
One player tried to buy a gold coin with 375$. Within one minute, the trade was completed, and he received the gold.
Convenient and safe shopping attracted many people immediately! Goods were sold in cash, waiting for local tyrants to buy them. Since the items were sorted in a ”cost-effective” manner, it eliminated the speculative mentality of players. The price was very fair. It was much better than the system auction house and roadside stalls!
In just two hours, the selling volume of the system auction house dropped by 2/3, all of which was now in the City of Light Central Auction House! The selling volume of it increased rapidly. More than 3,500 gold coins, total worth more than millions, were sold here! Not to mention equipment and scrolls!
”Hey, Jie. The auction house is really a money tree!” Zheng Ziliang watched the record of the transactions. There were so many of them, and he could not read them properly. He said, ”In just half a day, we earned about 10,000 transaction fees. In less than a year, we can get back our investment. Then, we won't starve even if we do nothing at home! LOL.”
Lin Jie rolled his eyes and said, ”Can you be more forward-looking?”
Zheng Ziliang said with a laugh, ”Wouldn't it be wonderful if I made a lot of money in the game, and then I donate all of it to charity so that I can finally meet my father as the chairman at the World Charity evening party?”
”Yeah, yeah…” Lin Jie smiled. ”Did you settle the things I asked?”
”Did it a long time ago. By the way Jie, financial matters should be settled clearly even between brothers. I know that both of us are not the calculative type, but we should settle how we split the income from the auction house,” said Zheng Ziliang seriously. ”I cannot take it if we argue about money one day.”
Lin Jie thought about it and nodded. ”You get 80% of the share since you are the one who invested in it.”
Zheng Ziliang was shocked and said, ”Don't bullshit me! I know the worth of the auction house. Its worth is at least ten million! I have no idea how you lowered its price, but you must have more than 70% of the share. Bro, I don't really need the money.”
”I did not risk anything for it, and I cannot possibly accept such a big share.” Lin Jie laughed. ”Well, let me be straight, we'll split the profit 50-50. The auction house will be under your name, while I'll have the control of its stock and decision-making. How's that?”
Zheng Ziliang thought about it and nodded. ”Sure.”
Since the 5,000,000$ came from Zheng Ziliang, the auction house must be under his name. But Lin Jie believed that he could make better decisions in the future, and he would depend on himself.
The only downside was that if the two of them didn't see eye to eye, it would be difficult to decide who would own the auction house. Though, that case scenario was not possible.
”I have already spread the news of buying points. Why do you need so many of them?” asked Zheng Ziliang.
Lin Jie smiled and said, ”You will find out.”
Before the dungeons were released, the worth of War of Light points was about 50$ each. But as the number of players entered the dungeon increased, its worth dropped. Clearing the dungeon and the missions rewarded points. As such, other than buying the War of Light set, players could not find another way to spend them right now.
From popular to no-one-interested in it, those players trying to change points to cash started to worry. They started to sell their points in a frenzy, and most of the points went to Lin Jie.
———
Hell Plume was following the guild elites in Belief Church and said casually, ”The value of points dropped fast.”
Heaven Plume's face darkened.
Broken Wings quickly poked Hell Plume and asked him to keep quiet. Before the dungeons were released, Heaven Plume spent 100,000$ to buy points at a ratio of 50:1 to allow them to enter the dungeon and prevent the guild from being left out in the progress of dungeon. In less than 10 hours, the points' price had significantly dropped.