| Wednesday, December 10, 2008 - 07:21 pm |
We have pulled out of the gold coins market because players where complaining that our offers at the game exchange rate are reducing their chances to sell.
This feature can be reactivated.
If we will see too much money offered and effective rates going up, we will temporarily offer gold coins for game money.
We prefer to stay out of it but we are not interested in the money being lost, we want it to be converted into gold coins.
The loan market
as I said, we are not loaning money at all.
we have reduced interest rates as you know, from 90% per month to 30% per year. We know who complained at that time and even then, they accused us of quartering the loan market.
If we were interested in income from interest that would not be the way to do it.
There is less than 10.000 T in loans in all countries with presidents in all worlds and the amount is declining. people make more money and they don't take loans. we have also reduced the max amount of loans you can take to prevent people from falling into holes they can never get out of. We have eliminated loans in countries that are not playing.
At 30% for a full year this is 250T each month or 500 gold coins in a real month.
Come on guys, you really think that we are competing for a chunk of these 500 gold coins?
The reason for our cash reducing operation is simple.
we want game money to increase in value. This cannot be done if trillions are moving around.
the best way we found for this is to have game money converted to gold coins. this is the best way for players to keep the value of their cash assets.
You can either loan it out if you find people interested in loans or convert it.
there are no financial services on loaned money. this market is yours but it is declining.