CryptoKingdom Markets

[sammy007]

I would advice to hodl SW5 tight. Just 262 items with unknown effect, worth holding, anything could happen.

[rontus]

To make markets more followable, understandable and chartable, there is work to be done. Such as adding a price column to trades. For trades that execute in multiple prices it is more complicated, but maybe it could be done so that it shows volume weighted average price. Also, adding API access to query change log and/or trade log would be great for the nerds out there.

[sammy007]

Also, adding API access to query change log and/or trade log would be great for the nerds out there.

Change log requires some optimisation first, it's extremely slow, maybe just for me.

[kidjim]

I would advice to hodl SW5 tight. Just 262 items with unknown effect, worth holding, anything could happen.

I guess I was expecting some downward movement when the distribution was completed yesterday, but was surprised to see this morning that there were multiple asks under 3 million.

I agree that it would seem more valuable than that, given the limited supply.  I'm very interested in this market, just because I was lucky enough to have joined right as it was gifted by Zenon, and it's my one big-boy chip   

[CrazyLoaf]

To make markets more followable, understandable and chartable, there is work to be done. Such as adding a price column to trades. For trades that execute in multiple prices it is more complicated, but maybe it could be done so that it shows volume weighted average price. Also, adding API access to query change log and/or trade log would be great for the nerds out there.

Have to agree on this point. It was one of the main items I mentioned in an earlier "wish list" post of mine that you can find in the design thread (https://bitcointalk.org/index.php?topic=1207367.0). I get the double entry changelog system, but it is very foreign to new players and most don't want to manually do the math to see what items sold for via in-game currency M before.

The trading engine overall is very elegant and has a lot more functionality than any other crypto trading site I've come across. However, graphs/charts on the level of Poloniex/Bittrex could certainly be helpful. Say timeline with historical candle and volume charts. Order book depth. And ownership distribution.

[CrazyLoaf]

Just going to update everyone on the depository levels. Depositories are external funds - currently XMR, BTC, and Euros - that are stored within the game separate from the other in-game items, such as the in-game currency M. They represent the demand and market making from these currencies into CK.

For Bitcoin (B1: https://cryptokingdom.me/marketplace/item/b1) there are currently ~525 BTC. That is roughly $616k in USD.
For Monero (M3: https://cryptokingdom.me/marketplace/item/m3) there are currently ~65k XMR. That is roughly $1.2m in USD.
For Euro (E1: https://cryptokingdom.me/marketplace/item/E1) there are currently 200k Euros. That is roughly $214k in USD.

In total, depositories represent over $2 million in USD!

Also, pay particular note to the XMR/M3 market. There is an order to convert 16.5k XMR into in-game currency M. In the Euro market, there is close to a 100k euro order.

[generalizethis]

M3 wall is half gone. Doubt it makes it to morning.

[sammy007]

M3 wall is half gone. Doubt it makes it to morning.

The wall is almost eaten.

[generalizethis]

M3 wall is half gone. Doubt it makes it to morning.

The wall is almost eaten.

Only 134K left--I don't no what happens when it's eaten, but I'm prepped either way (although sideways would be boring).

[generalizethis]

M3 wall is half gone. Doubt it makes it to morning.

The wall is almost eaten.

Only 134K left--I don't no what happens when it's eaten, but I'm prepped either way (although sideways would be boring).

And it's gone.

[generalizethis]

E1 reevaluated at -5x, making live arbitrage against b1 and m3 an easy money maker--though you have to be where there is an e1/m exchange agent to make use of it. Sucks to be in the Americas.

[papa_lazzarou]

Code:

CK Marketcap in EUR				 - 59,97 mil 
CK Marketcap in Bitcoin (EUR equivalent)	 - 13,73 mil
CK Marketcap in M3 (EUR equivalent)		 - 12,98 mil

[generalizethis]

Announcement concerning the monetary matters in the Kingdom

1. Embassy has opened the 24/7 dealing desk, meaning exchange between the following:

Money
Markka (M)
Markka certificates

Currency
silver (physical)
AGDC (Silverbank AGD)
gold (physical)
B1
M3
E1
Euro banknotes
USD banknotes

Portable items of value
any

Full service level is expected to be reached in 24 hours.

2. Until otherwise announced, 1*E1=10,000*M

[sammy007]

Due to wild market move I decided to increase my ASK on S-LL (Lucky Lion) to 20,000,000m. Don't forget that we are waiting for dividends also.
The one caveat of these shares is that they are mostly backed by m3 unfortunately. You never know.

[kidjim]

Inflation!  So if my M marketcap just doubled, should I be expecting the prices of depository shares and staple items to rise (nearly double) as well?

[CrazyLoaf]

https://bitcointalk.org/index.php?topic=819073.msg18493451#msg18493451

Some Loafy analysis on recent changes...

Main thing is we had functional units of Markka (M) yesterday of 600 billion. Today, 100 billion was "burned" by rpietila and his group, taking us to 500 billion total M. Functional units were then doubled (x2) to 1 trillion M, possibly for ease in future pricing/market making.

(Additionally, more "zeroes" makes users feel wealthier and more apt to spend in-game. Recall this as a selling point of Dogecoin, where everyone could be a millionaire.)

Previously, we discussed how there was liquidity for those with M wishing to sell for depository shares (BTC, XMR, Euro). Roughly 18k XMR and 2 million Euros were used towards this effect. Meaning rpietila was willing to go from items that have current perceived marketability to one that does not (at this point in time). Why would this be done? Well, the more M the CK market makers own, the more control they can exert over the markets.

Now at this point, those more familiar with the usual altcoin/"shitcoin" logic will wonder; where is the dump? Those monitoring CK and the related depositories (as well as the now announced 24/7 cash trading desk set up by rpietila "irl") will see that the game is now moving towards major market making on the part of rpietila and his group. How does Wall Street and the more "mature" edifices of the economy make their money? Market making; profiting from the spread. That is what is being done here.

So now we have an instance where there is an arbitrageable opportunity between BTC/XMR and Euro depositories for CK, on the factor of roughly x5 between the two. We have already created demand for the trading desk. A floor has been sent for 2,000,000 euros at 10k M by rpietila, meaning the price should move upward on E1 to M while the price moves downward from BTC and XMR to M. This can already been seen by those "feeling" richer as a result of the x2 multiplication of M selling into BTC and XMR depositories.

At the core, arbitrage speculation has been set on fire!

[CrazyLoaf]

Inflation!  So if my M marketcap just doubled, should I be expecting the prices of depository shares and staple items to rise (nearly double) as well?

In the long-run, I would say this is certainly possible. Think of it like this. Say you own 1 share out of 100. We then split the stock where you now own 10 shares out of 1000. Has your % ownership changed? Nope. You just now have more "units" for more "fine tuning" of the price

If you look at stock splits for publicly traded entities, typically the market cap rises in response to a split even though, perhaps, nothing has changed functionally at the firm.

[CrazyLoaf]

Crypto Kingdom has some arbitrage opportunities. Currently:

1 BTC = 3446 EUR
1 XMR = 50 EUR.

More links in this post.

If anyone needs help understanding the recent market changes, this post from Risto helps immensely. I myself thought that the way the ckchart.cryptokingdom.me tool was calculating arbitrage was unclear and I was calculating my own price differential by hand. From Risto's post above, it looks like my process was close, but a step removed from the most efficient way to look at everything.

Naturally, this data changes all the time, but let's work with some current data.

In E1 (EUR), we have 10k M = 1 E1. [For ease, I am just going to say 1 EUR = 1 USD, even though the rate is 1.00 EUR = 1.06 USD roughly.]
In B1 (BTC), we have 35k M = 1 B1.
In M3 (XMR), we have 5.45k M = 1 M3.

Now the 10k M = 1 EUR is easy. For the others:

35k / 0.001 = 35mil M = 1 BTC [each B1 = 0.001 BTC]

5.45k / 0.01 = 545k M = 1 XMR [each M3 = 0.01 XMR]

Now we can take each of these and divide by 10k to see EUR equivalents for these currencies (i.e., what is potentially arbitrageable).

BTC = 3,500 EUR
XMR = 54.50 EUR

So now we have arrived at Risto's values. Naturally, these are well above the market rates for these coins elsewhere.

BTC = 3,500 - 1,175 = 2,325 / 1,175 = x1.97
XMR = 54.50 - 19.50 = 35.00 / 19.50 =  x1.79

So the 10k M = 1 EUR peg is key to all of this from the sense of ease of calculation. Before, I was converting to functional "1 EUR" equivalents in BTC and XMR, and calculating from there. So like a cross market exchange rate, but obviously the extra steps were unnecessary and I feel foolish ignoring the computational value of the peg. This way is much easier!

[Scrotum]

Crypto Kingdom has some arbitrage opportunities. Currently:

1 BTC = 3446 EUR
1 XMR = 50 EUR.

More links in this post.

If anyone needs help understanding the recent market changes, this post from Risto helps immensely. I myself thought that the way the ckchart.cryptokingdom.me tool was calculating arbitrage was unclear and I was calculating my own price differential by hand. From Risto's post above, it looks like my process was close, but a step removed from the most efficient way to look at everything.

Naturally, this data changes all the time, but let's work with some current data.

In E1 (EUR), we have 10k M = 1 E1. [For ease, I am just going to say 1 EUR = 1 USD, even though the rate is 1.00 EUR = 1.06 USD roughly.]
In B1 (BTC), we have 35k M = 1 B1.
In M3 (XMR), we have 5.45k M = 1 M3.

Now the 10k M = 1 EUR is easy. For the others:

35k / 0.001 = 35mil M = 1 BTC [each B1 = 0.001 BTC]

5.45k / 0.01 = 545k M = 1 XMR [each M3 = 0.01 XMR]

Now we can take each of these and divide by 10k to see EUR equivalents for these currencies (i.e., what is potentially arbitrageable).

BTC = 3,500 EUR
XMR = 54.50 EUR

So now we have arrived at Risto's values. Naturally, these are well above the market rates for these coins elsewhere.

BTC = 3,500 - 1,175 = 2,325 / 1,175 = x1.97
XMR = 54.50 - 19.50 = 35.00 / 19.50 =  x1.79

So the 10k M = 1 EUR peg is key to all of this from the sense of ease of calculation. Before, I was converting to functional "1 EUR" equivalents in BTC and XMR, and calculating from there. So like a cross market exchange rate, but obviously the extra steps were unnecessary and I feel foolish ignoring the computational value of the peg. This way is much easier!

What is likely to happen when the EURO peg runs out?

Without the peg what would be natural price for e3 in M? How 'unnatural' is the peg in your opinion?

Is the only way to withdraw EURO in cash at ristos castle?

If player numbers don't increase, wont the likely result be a stampede into m3 and b1 with the last to exit taking a massive haircut?

Fascinating developments!

[generalizethis]

Crypto Kingdom has some arbitrage opportunities. Currently:

1 BTC = 3446 EUR
1 XMR = 50 EUR.

More links in this post.

If anyone needs help understanding the recent market changes, this post from Risto helps immensely. I myself thought that the way the ckchart.cryptokingdom.me tool was calculating arbitrage was unclear and I was calculating my own price differential by hand. From Risto's post above, it looks like my process was close, but a step removed from the most efficient way to look at everything.

Naturally, this data changes all the time, but let's work with some current data.

In E1 (EUR), we have 10k M = 1 E1. [For ease, I am just going to say 1 EUR = 1 USD, even though the rate is 1.00 EUR = 1.06 USD roughly.]
In B1 (BTC), we have 35k M = 1 B1.
In M3 (XMR), we have 5.45k M = 1 M3.

Now the 10k M = 1 EUR is easy. For the others:

35k / 0.001 = 35mil M = 1 BTC [each B1 = 0.001 BTC]

5.45k / 0.01 = 545k M = 1 XMR [each M3 = 0.01 XMR]

Now we can take each of these and divide by 10k to see EUR equivalents for these currencies (i.e., what is potentially arbitrageable).

BTC = 3,500 EUR
XMR = 54.50 EUR

So now we have arrived at Risto's values. Naturally, these are well above the market rates for these coins elsewhere.

BTC = 3,500 - 1,175 = 2,325 / 1,175 = x1.97
XMR = 54.50 - 19.50 = 35.00 / 19.50 =  x1.79

So the 10k M = 1 EUR peg is key to all of this from the sense of ease of calculation. Before, I was converting to functional "1 EUR" equivalents in BTC and XMR, and calculating from there. So like a cross market exchange rate, but obviously the extra steps were unnecessary and I feel foolish ignoring the computational value of the peg. This way is much easier!

What is likely to happen when the EURO peg runs out?

Without the peg what would be natural price for e3 in M? How 'unnatural' is the peg in your opinion?

Is the only way to withdraw EURO in cash at ristos castle?

If player numbers don't increase, wont the likely result be a stampede into m3 and b1 with the last to exit taking a massive haircut?

Fascinating developments!

Another one will go up (or not).

Even when euro/m wasn't at current position, there were arbitrage opportunities in b1 <--> m3.

Embassy or Agent, but how else would one get cash?

Check out how much of depo shares and m coinshop owns. Coinshop can't exit, but can ladder prices to continually favor its bottom-line.

Agreed