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An 07/EOC Gp Exchange EmptyTue Jul 15, 2014 1:26 am by Account Set

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An 07/EOC Gp Exchange EmptyFri May 23, 2014 7:31 pm by Genesis

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An 07/EOC Gp Exchange

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An 07/EOC Gp Exchange Empty An 07/EOC Gp Exchange

Post by Trevmage on Fri May 17, 2013 2:26 am

I have mulling over the idea of developing a website exchange for trading between EOC and 07 gp. It wouldn't be a clan chat with ranks that act as MM, it wouldn't be a forum like Sythe, it wouldn't be just a buy/sell listing like Zybez has for trading items, etc. This would be an actual exchange, just like any exchange. If you aren't familiar with Stock Market exchanges, bond exchanges, Forex, etc... it would function basically identically to the Grand Exchange in RS. But instead of buying/selling items, you would buy/sell 07 gp for EOC gp, or vice versa. There would be a 0.5% transaction fee on each Exchange transaction.

You would have to create an account on the Exchange website. Then you deposit your EOC/07 gp into your Exchange account as described below. Once you have gp in your Exchange account, you can begin placing orders. You might offer to buy 1m 07 gp at 20:1. Maybe the offer doesn't get filled right away, so you decide to offer 25:1 for 1m 07 gp. Let's pretend somebody had an offer in to sell 500k 07 gp at 1:22 and somebody else had an offer to sell 500k 07 gp at 1:24. Your order for 25:1 would thus be instantly completed at an average rate of 23:1 as you fill those other 2 orders. Now you have 1m 07 gp in your Exchange account (minus 0.5%) and whatever EOC gp you have left over. You can spend the rest of the EOC on 07 if you want, leave it in the account, or whatever you want. If you wanted, you could leave orders in the Exchange 24/7 to try to "flip" gp by buying at 20:1 and selling at 25:1. You can do whatever you want, and when you are ready to withdraw back into your RS account you would follow the steps below.



TO DEPOSIT/WITHDRAW:
The Exchange would have a feature in it where you can Send gp to a different account. So if you wanted to deposit 1m 07 gp to the Exchange you would find somebody else who wants to withdraw 1m 07 gp. You would have to trust that person, and so there would likely be trusted merchants that would do these transactions for a couple percentages of commission. To withdraw from the account, you would just do it in reverse. You send them gp on the Exchange and then trade them for gp in-game.

As the owner of the Exchange, I would be the only one who could "create" Exchange gp. However, all Exchange gp would be in storage and given out as original deposits to large merchants. If the Exchange becomes more popular and more Exchange gp is needed, the same large merchants could continue to make deposits to me. If there was an excess of Exchange gp because many people want to withdraw, the merchants would be able to withdraw back directly from me. I would charge no commission on those deposits/withdrawals.




What do you guys think?

Could this be useful? Less useful?

If it sounds confusing, it's because a website always sounds confusing when it's expressed in words. If you could see the actual website in action, it would be extremely simple and easy to use. So focus on whether the concept would be useful, not whether or not the website sounds complicated. ;D


Thanks for the feedback.

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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by Houred on Fri May 17, 2013 3:29 am

Surprised sounds like a great idea! Goodluck if you go through with it.

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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by I PewPewUQQ on Fri May 17, 2013 4:27 am

The process is complicated, its much easier to use a middle man in game.

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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by Trevmage on Fri May 17, 2013 4:30 am

I PewPewUQQ wrote:The process is complicated, its much easier to use a middle man in game.

Trevmage wrote:If you could see the actual website in action, it would be extremely simple and easy to use. So focus on whether the concept would be useful, not whether or not the website sounds complicated. ;D

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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by I PewPewUQQ on Fri May 17, 2013 5:19 am

You misunderstand. I'm not saying it would be hard, it would be a much longer process than using an mm in game having to "send" gp to another account. It's complicated in the sense that there is a lot of unnecessary components involved.

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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by World on Fri May 17, 2013 11:54 am

I like this idea, but it will be hard to get people using it.
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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by Nv5 on Fri May 17, 2013 11:56 am

my idea asshole =D
which i stole from
d2jsp
but i wanted to make it for focused on runescape
soooo idea stealererer!!
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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by Genesis on Fri May 17, 2013 6:30 pm

Get the idea into action mate.

Sooner you have it up, the more people will get to know of it.
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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by Trevmage on Sat May 18, 2013 4:27 am

Genesis wrote:Get the idea into action mate.

Sooner you have it up, the more people will get to know of it.
Yep. I might start work on it this weekend. But I also need to make an ePortfolio website for English this weekend... We'll see.

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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by Nv5 on Sat May 18, 2013 11:36 am

Trevmage wrote:
Genesis wrote:Get the idea into action mate.

Sooner you have it up, the more people will get to know of it.
Yep. I might start work on it this weekend. But I also need to make an ePortfolio website for English this weekend... We'll see.

will also have to think of a Nv5-thanker system for giving you the idea
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An 07/EOC Gp Exchange Empty Re: An 07/EOC Gp Exchange

Post by spear dice on Sat May 18, 2013 8:41 pm

Sounds like a great idea! I would love to see this!

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