The eRepublik Stock eXchange (ERX) is Live!
Day 855, 14:40
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Published in USA 
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by
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by Big Brother
Max McFarland 2: "…this is just incredible, this will change eRepublik forever."
The eRepublik Stock eXchange (ER
😵(erepublik.ws/erx)
Back in the Beta days, without an API and seemingly without much financial backing from anyone, a stock exchange was but a pipe dream. Today, on March 24, 2010 I am here to tell you it is that no more. Thanks to AidenAstrup, Max McFarland 2 and the US Government, ERX has been reborn and is available starting today.
ERX allows any citizen to trade shares 24/7 and take their company public by listing their Org - no matter how large or small. Listed companies can be certified ("audited"
😉, for free, by the SEC to ensure the legitimacy of their stated asset values. Backed by the largest bank in eRepublik (t'jelle bank with 11,000+ Gold in assets) and the US Federal Reserve, this project will lay the groundwork for an improved, more complex & rewarding financial system in eRepublik:
Benefits to Organizations
• raise immediate capital to expand or upgrade by selling shares.
• transfer shares to existing shareholders.
• dramatically increase the networth of your company.
• free to use/register.
Benefits to Citizens
• invest into companies, and watch your money grow.
• receive dividends paid out in gold.
• speculate right, and become super rich.
• free to use/register (only a 1% per-trade fee).
To get started, register on erepublik.ws/erx and deposit gold into your ERX account (please allow 5-12hrs for processing) -or- list your Org, issue shares and start selling them!
This project was a long time in the making, and we appreciate your continued support. Please vote the article, shout it, and spread the word!
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Comments
w00t!
nice
and what about lottery?
vote
Finally! Yay!
eLottery is coming back in April 🙂
Sweet
Great stuff, Big Brother!
This is the greatest leap forward in eRepublik game play since Emerick was born. The US Treasury and McAdden Investments are proud to be a part of it.
Sign up now and buy/sell stock from me!
wow
@Chicco - didn't expect to see that one did you 😉 Its been almost 2 years.
How long until we can buy?
*eagerly waits to start purchasing*
Gold deposits will be processed in the next 5 hours and then trading can begin - sorry for the wait. AidenAstrup is in charge of this.
Wow, this is awesome! I can't wait until it really takes off and people start using it like crazy.
Voted, created an account too.
so cool!
This is the best news I've heard on the internet for the past year. 🙂
I have been waiting for this since it was first talked about, and was just an idea.
Well done.
cool
prolly invest soon
Man this is something incredible, congratulation guys!!
Such a triumph of the free market. Spectacular.
COol!
<3
Is it possible to list single companies only, instead of orgs?
No, each user can list only one corporate offering, so it's arranged as orgs.
Thanks for the fast reply sydiot.
I got another question.....one of my companies went public about a year ago...is it possible to retain existing shareholder structure within ERX?
Woot woot 😛
Good stuff! We've all been waiting for this 🙂
Awesome
The Pakistani Mobile Forces is on this.
Now the highest Volume company on the market with 2842 Volume
Very Nice!
Perhaps a .1% charge if you cancel an order? It still takes work to move the money around and we cant have people changing their minds every two seconds.
@xeja1 what do you mean it takes work to move the money around for canceling orders?
So now there are suddenly two stock exchnages? This one and erepx.com?
- How are calculated the dividends and how often are they paid to the shareholders?
- What happens to the share value if the CEO decides to invest his own money in a company?
- How can you prove a fraud? As you know screeshots or any material can be manipulated.
- Are you going to expand your site with history activity data as dividends history, company profile page, reputation, balance sheets, etc..?
- Are you going to improve your FAQs with these and many more questions some people may be asking?
Thank you, best of luck!
This really will change the game forever. Never before have I seen this level of ingenuity executed so professionally. Good job guys. Good job.
Another exciting idea 😃
Better late than never! Well done, Big Brother! Let's just hope you can control all the fraudsters that can appear on it.
What hapens , if one user , takes 100% of stocks of one Org ?
this is going to be legen
wait for it
dery
When u say TOTAL SHARES, does it include the promoter's shares also or only those shares which as listed for public investing?
If latter is true, than how can i know how much % is promoter holding up other than the listed shares?
Starkad,
I think it is. You can simply transfer shares from your corporate entity to people, so if all your shareholders sign up, you can send them the appropriate number of shares and you are all set.
Aronfly, from what I see:
1. This is at the discretion of the person whose account is tied to the corporate entity. You will just have to deposit gold in and then click on a button "Pay Dividends." I believe it will then distribute an equal amount per share to all shareholders. Big Brother should probably confirm though as I have not tested this yet.
2. You can issue more shares and transfer them to yourself. I already tested this and issued shares 3 times and transfered them to myself. This is as if there is a secondary offering.
3. This bugs me, too. But if you ask me, it should be the responsibility of the investor to do their due diligence before investing their money. For example, I would not invest in a lot of the companies appearing here: http://erepublik.ws/erx/view.php" target="_blank">http://erepublik.ws/erx/view.php I would, however invest in eUS Treasury Bonds, t'jelle Bank, Jaguaros' bank, my own corporation and a few others I trust.
4. It already has history and company profile pages. Something like a reputation should be incorporated in price/volume data for a company's stock. (then again you might have some successful Ponzi scheme. But you have them in RL, too. Madoff, anyone?)
5. Big Brother, please do! 🙂
very nice
sweet
So you say that an org sells shares at a fixed price, gaining a lot of money. It may pay dividends to the shareholders, BUT, if it doesn't pay, there's no punishment for him. More, the price of it's actions are dropping and it may buy them back at almost 0 price.
Is this true?
*ERX is a "good" thing because it will attract gold from a lot of guys who will quit playing (I'm saying "good" because the StockExchange is one of the reasons that low lvl players will quit the game, not having real profit from the market).
can somobody explane me bit more about this???tnx
can you explane me this???tnx
yes there are 2 stock exchanges (or will be soon)
ERX has been in development for 2 years and EREPX for 1 month, so its no surprise they were able to launch before us, however, we think that the erepx has some really great stuff to offer and don't spend all of your gold in one place.
http://www.erepublik.com/en/article/erx-vs-erepx-differences-1269464/1/20" target="_blank">http://www.erepublik.com/en/article/erx-[..]1/20
I compare some of the features of the erepx to the erex.
The erepx will be coming out next week
I'm listed!
Super 🙂
please fix the bugs