Forums

Grand exchange - Futures

Quick find code: 185-186-509-66282810

Squash Wash
Oct Member 2023

Squash Wash

Posts: 17 Bronze Posts by user Forum Profile RuneMetrics Profile
Hello, to make prices on Grand Exchange more diversified for all players and help reduce inflation.



**EDIT - Please just review the last comment ' Pixie notes' for a simple design answer**

29-Jun-2023 22:36:28 - Last edited on 30-Jun-2023 00:00:28 by Squash Wash

Squash Wash
Oct Member 2023

Squash Wash

Posts: 17 Bronze Posts by user Forum Profile RuneMetrics Profile
To elaborate further on my idea for the designers and PO to consider:

Given:
-Grand exchange would exist as it is.

Idea:
-Optional tab for 'Derivatives' is available for players.

Logic:

'Dwarf contracts:'

-Dwarf condtracts (Options IRL) would allow creation of a 'contract'. Whilst the grand exchange offers limit orders currently, this allows a 'tradable' contract which offers a 'given' price of the item in question.

-The selling 'Dwarf contract' would allow a player to buy at any given price, no matter the grand exchange price, by a particular time.





-The buyer of the contract must pay a 'surcharge' + the price towards to the purchase when buying. They can choose from a set of previous and future times.
--Surcharge will increase the longer ago the contract started.

---The surcharge would depend on the grand exchanges price % growth over the [Month/Day/Year] *1

---*1 - the growth charge would be tied to the 'Dwarf Contract's expiry date.

--Anyone can sell or buy the contracts (act like notes of an item currently) but with a FIXED price associated with that note.


Result:

-Players have the ability to insure their items against future price fluctuations.
-Inflation would be limited as the Options derivatives would act as speculative vacuum.

Other benefits:

-World first derivative system (outside Eve's contracts)
-Implements AI based price adjustments based on grand exchange prices.
-Corrects an issue existing in the RS world with inflation other then using events or drops to correct item pricing spikes.


Technical:

-Clone of the note object.
-Different properties --SetPrice --Quantity --DateOfExpiration

29-Jun-2023 23:00:22 - Last edited on 29-Jun-2023 23:16:26 by Squash Wash

Squash Wash
Oct Member 2023

Squash Wash

Posts: 17 Bronze Posts by user Forum Profile RuneMetrics Profile
Alternative - Simple solution: 'Pixie Notes'

-allow players to CREATE notes of items at a fixed price at grand exchange. (Price is set by player on creation using price widget) + a player defined 'Pixie premium price' on top of contract price, which is then locked until an expiry date (setup by the player using a [days widget] upon creation of the note.).

-Players may hold that 'note in their inventory, bank or even trade it.

-The note can be traded on the Grand exchange allowing players to purchase items as flexible prices.

Seller/contract author:
-Creates contract of a set number of items e.g. Logs. . Set's a fixed price to that contract.
-Set's a 'Pixie' premium price of their choice as well as additional profit regardless of trade).

Buyer:
-Player 'purchases' contract note on the Grand Exchange and pays buyers contract price + fixed 'Pixie' premium.
-BUT the note remains a'locked note' until expiry date setup by the seller/contract author.
-The note can be banked, traded or kept in inventory like any other note.
-The buyer can wait for expiry to receive items, bank or even re-trade the contract on Grand Exchange.
--If reselling on grand exchange: the new seller sets the price + new 'Pixie Premium' they want to sell at.


Seller:
-When expiry date is greater than [CURDATE] - note is unlocked and items available to be 'unnoted' to bank.
-The Seller automatically gets their pixie premium + contract price (of original seller) automatically into their bank *money sound* (Seller playerid would have to associated with each contract object).

Considerations:
-If the seller then sells the contract on grand exchange, the contracts 'owner' changes to the next purchaser of that contract on grand exchange.
-- If no new owner buys it by expiry, the ORIGINAL owner is still set in database as owner of that contract instance.



Object specs:

each note would require following properties:
--Sellerid
--Price
--DateOfExpiry
--Buyerid

29-Jun-2023 23:05:11 - Last edited on 30-Jun-2023 00:06:48 by Squash Wash

Quick find code: 185-186-509-66282810 Back to Top