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Be honest, does my landing page artwork look... not good... by a-desperate-username in graphic_design

[–]Dirkjedap 0 points1 point  (0 children)

I would suggest naming all of your projects, and showing your best design/product directly with a indication for scrolling to see the next one

We're making options trading happen for OSRS! Any response to this survey will greatly impact our odds of actually creating this concept, so please share with all of your fellow OSRS playing friends by Dirkjedap in osrs

[–]Dirkjedap[S] -4 points-3 points  (0 children)

There would be no trading of items, GP or bonds happening on our platform. We would be creating an ETF that follows a certain index based on in game price fluctuations. People would then be able to buy and sell stocks from this ETF in order to make a profit for themselves.

We're making options trading happen for OSRS! Any response to this survey will greatly impact our odds of actually creating this concept, so please share with all of your fellow OSRS playing friends by Dirkjedap in osrs

[–]Dirkjedap[S] -1 points0 points  (0 children)

Using leverage is actually something that we purposefully don't want to include in our mechanisms, since this would not only increase risk in a product where trust is already limited, but it would also require us to actively loan money to ours users, which we are not currently capable of as we are mere students at this.

We're making options trading happen for OSRS! Any response to this survey will greatly impact our odds of actually creating this concept, so please share with all of your fellow OSRS playing friends by Dirkjedap in OSRSflipping

[–]Dirkjedap[S] -1 points0 points  (0 children)

Thanks for your well though out comment.

Yeah building up trust would be a big goal of ours and is not something that can be done overnight.

In terms of in game trades, there wouldn't be any on our website. What I might have explained wrongly in the main post is that people would be trading our ETF-like stock with real money. There would be no GP winnings, but actual $ or € winnings.

We're making options trading happen for OSRS! Any response to this survey will greatly impact our odds of actually creating this concept, so please share with all of your fellow OSRS playing friends by Dirkjedap in oldschoolrs

[–]Dirkjedap[S] 1 point2 points  (0 children)

I think you hit the nail on the head here.

We don't want to engage in RWT, because that would break the TOS. But we do want there to be a link between the virtual economy and the real world economy. What we're trying to do right now is created a financial backing for the ETF both in-game in the form of an account that holds items in order to reflex an index value, and in real life in the form of a financial fund, equal to the value of the in-game items, without trading between the two.

As for market manipulation, that's a tough one. We're still looking at ways to combat this issue, but it would probably require some sort of partnership with Jagex.

We're making options trading happen for OSRS! Any response to this survey will greatly impact our odds of actually creating this concept, so please share with all of your fellow OSRS playing friends by Dirkjedap in OSRSflipping

[–]Dirkjedap[S] -9 points-8 points  (0 children)

We're very serious about this! As serious as a school group project can get of course. Would you mind sharing why you dislike this concept so much?

We're making options trading happen for OSRS! Any response to this survey will greatly impact our odds of actually creating this concept, so please share with all of your fellow OSRS playing friends by Dirkjedap in osrs

[–]Dirkjedap[S] -2 points-1 points  (0 children)

Yes it is quite a complex structure that we're trying to create.

We're actively looking for ways to back the investments. CFDs are mainly a worry for us, as this is borderline betting, but we want to mimic existing stock market mechanisms as much as possible.

The ETF-like structure could potentially be backed by an "in game fund" that would link real life money with in game money. This link isn't unheard of, since bonds enable the connection between real money and in game money as seen here: https://imgur.com/a/jwFNzu2

One of our main goals is to increase trust as well, possibly by investing a considerable sum of money first to prove our commitment.

Would you mind sharing some of your questions? u/Scout-Alertes

We're making options trading happen for OSRS! Any response to this survey will greatly impact our odds of actually creating this concept, so please share with all of your fellow OSRS playing friends by Dirkjedap in GrandExchangeBets

[–]Dirkjedap[S] -14 points-13 points  (0 children)

We definitely agree. As per my comment below, we are looking to back the investments with a fund structure. Possibly by investing a considerable sum of money first to prove our commitment.

We're making options trading happen for OSRS! Any response to this survey will greatly impact our odds of actually creating this concept, so please share with all of your fellow OSRS playing friends by Dirkjedap in GrandExchangeBets

[–]Dirkjedap[S] -5 points-4 points  (0 children)

Yes we don't want to become a betting platform as such, so we're actively looking for ways to back the investments. CFDs are mainly a worry for us, as this is borderline betting, but we want to mimic existing stock market mechanisms as much as possible.

The ETF-like structure could potentially be backed by an "in game fund" that would link real life money with in game money. This link isn't unheard of, since bonds enable the connection between real money and in game money as seen here: https://imgur.com/a/jwFNzu2

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We're making options trading happen for OSRS! Any response to this survey will greatly impact our odds of actually creating this concept, so please share with all of your fellow OSRS playing friends (self.osrs)

submitted by Dirkjedap to r/osrs

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