In the coming days, the town of Midwest is proud to announce a new addition to not only the server, but the town of Midwest.

This new addition is a bank.

We already have a bank but this one is not the kind you store money in.

You can order things from the bank, take out loans, and store items in the protected vaults underground which have way more space than player vaults.

Now the Midwest Stock Exchange:

There are 2 markets. The Midwest Local Market and the Costco.

As of now, the town is only testing the local market to see how it plays out.

When you enter the bank to the left, you will see boards with items that players can buy. You can then buy shares of how many items that stock is worth. When you buy shares, you will be applied to a private spreadsheet with how many shares you own and a signed book in-game of how many shares you bought and for what item. (THIS WILL BE YOUR RECEIPT WHEN YOU WANT TO VEND THE SHARES) There will be a market cap, and the stock will be based on supply and demand and be updated every 2 days.

Example: Player 1 buys several shares from the local stock market. Player 2 buys 1 of that item that is tied to the share. Each share goes up 1-2% per purchase.

At the end of the month, there will be a monthly update on how the bank is doing. The bank can be audited by mods at any time in order to provide information to the people.


Q&A down below

-Justanormal7

 

Vocab:
Market Cap: The price of a share X how many shares there are.

 

Many are concerned about the integrity of the market as they believe that I have the power to deny profits by messing with the local market. This is a way to counter it.

A public spreadsheet will be made available where it will have items, buyer, stock of the item, and stock exchange increase through that item.
I will also take pictures of the chestshop history to validate that the buyers made those purchases.