Securities auction #
Lots of securities are auctioned by the state of the land of clones during issues. Issue is the process of issuing new securities of various enterprises and objects in the game. Issues are held regularly, and each of them provides players with the opportunity to purchase securities of various enterprises.
At a securities auction, players can bid on different lots of securities. Each lot contains a certain number of securities, and the auction lasts for a certain time. Players place bids, and the lots are distributed among the winners who made the highest bids.
Securities provide players with the right to receive a share of the income from the underlying businesses or objects. This allows players to invest in various sectors of the game’s economy and receive passive income from the profits of enterprises.
Trading rules at the Securities Auction #
Let’s look at the process of participating in a securities auction in more detail:
Who can participate #
Any clone whose social status is not lower than “artisan” can take part in the securities auction.
Lots and prices #
Lots of securities in volumes of 1, 10 or 100 units are available at the auction. The price per lot is indicated taking into account the number of securities in it.
Trading terms #
The trading period is determined by the time period in hours and minutes. The lot can be sold indefinitely. However, from the moment of the first bid to purchase, the auction for this lot will be completed within the specified period. If at the last minute of bidding one of the players makes a bid, the bidding period for that lot is extended by one minute.
Bidding step #
A step is the amount of money or resources by which the current value of an item will increase when a player bids to purchase it. The next bid will increase the current price of the lot by one step.
Types of bets #
The type of rate depends on the type of securities. Bets can be in gold coins, resources (such as wood, grain, stone or iron), hunting gifts, or other game items.
Making a bet #
In order to place a bet, the player must have a sufficient number of gold coins or resources. You can place a bet using the appropriate button. The player can raise his own bet without restrictions.
Reserve your bet #
After the player has placed a bet, the bet amount is reserved. It will be written off after purchasing the lot. If another player outbids the bet, the previously reserved amount will be returned to the player.
Buying a lot #
If a player wins a trade, he will not be able to cancel the trade. The purchased securities will be at his disposal within 5-10 minutes after the end of the auction.
State Revenue #
The difference between the sale price of a lot of securities in gold coins and their face value is thus sent to the budget of the clone land state. This mechanism creates an additional source of income for the state, which is then used to pay gold into various gaming funds.