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Gold Market Purchase Fees

A new stability mechanism has been added to the Gold Market.

August 14, 2023 at 11:28 AM by JudgeNutmeg

Today we have introduced a new mechanism to the Gold market: Purchase Fees. These are additional fees when buying Gold with Silver, calculated as a percentage of the Silver cost and added on at the moment of purchase. The purpose of these fees is to discourage the hoarding of Gold for expected price rises, while consequently increasing the amount of Gold in circulation. Importantly, however, these fees will not apply to purchases of Premium for Gold or Silver. This will ultimately have the effect of reducing the cost of buying Premium with Silver, for players who wish to do so.

The percentage fee can be seen on the Gold Market screen, and, when purchasing Gold directly or setting up a Buy Order, the exact Silver fee will be displayed in the confirmation popups.

This mechanism means that the price of Premium in Silver should remain more consistent and lower overall, and it will be monitored on an ongoing basis to ensure that it is functioning effectively and efficiently in providing a more satisfactory experience for the community.

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