10 lots of 1,000 CK gold each -> 2014-10-22, 18:00 GMT

[rpietila]

This is an ingame item. Please see the rules of the game, Crypto Kingdom Version 1: Genesis, before making a bid.

It is advisable to read the game thread also, starting from the announcement that it accepts characters, at least.

As part of the HM The King's gold sales, mandated by the rules, 10 lots of 1,000 units of CK gold each, will be offered for auction.

By buying from this auction, you may also be entitled to the "MEW bonus" and "early poster" bonus that will automatically be added to the gold you have bought.

The bids are to be given in the following format: "quantity @ price (XMR)". For example "2000 @ 0.11".

The reserve price is 0.05 and no more than 2 decimals, so the bidding starts at 0.06.

Higher bid wins over lower one, earlier bid wins over later one, and all winners pay the same amount per lot (the price of the lowest winning bid that still wins).

The right to participate in the auction is limited as follows:
- if it is not legal for you to do so, cannot participate
- negative trust rating, cannot participate
- Newbie and Junior Members, limited to 1 lot
- Senior Members or higher, or existing players of the game, limited to 10 lots (all).

The winners who are already not characters, will be created characters in the game after they pay for the gold and supply the character stats (age, sex, nick).

Auction closes 6 pm GMT Wednesday, BCT server time, or one minute after the last winning bid (in case a winning bid was submitted during the last minute, the auction lasts as long as there are no new winning bids submitted in one minute since the previous one).

Gold bought in this auction must be paid in 24 hours. Non-payment is considered default and results in forfeiture of game assets, or denial to enter the game at a later time.

HM The King reserves the right to make clarifications.

[rpietila]

Reserve bid submitted for clarity:

10,000 @ 0.05 HM The King (rpietila)

Proxy bid:

1,000 @ 0.30 fluffypony


Fluffypony does not necessarily think that 0.30 is the right price, but according to the rules of the auction, since he is the first bidder with a high bid, he can secure himself 1,000 gold and pay the amount that the other bidders have deemed to be the market price.

[rpietila]

This is an ingame item. Please see the rules of the game, Crypto Kingdom Version 1: Genesis, before making a bid.

It is advisable to read the game thread also, starting from the announcement that it accepts characters, at least.

As part of the HM The King's gold sales, mandated by the rules, 10 lots of 1,000 units of CK gold each, will be offered for auction.

By buying from this auction, you may also be entitled to the "MEW bonus" and "early poster" bonus that will automatically be added to the gold you have bought.

The bids are to be given in the following format: "quantity @ price (XMR)". For example "2000 @ 0.11".

The reserve price is 0.05 and no more than 2 decimals, so the bidding starts at 0.06.

Higher bid wins over lower one, earlier bid wins over later one, and all winners pay the same amount per lot (the price of the lowest winning bid that still wins).

The right to participate in the auction is limited as follows:
- if it is not legal for you to do so, cannot participate
- negative trust rating, cannot participate
- Newbie and Junior Members, limited to 1 lot
- Senior Members or higher, or existing players of the game, limited to 10 lots (all).

The winners who are already not characters, will be created characters in the game after they pay for the gold and supply the character stats (age, sex, nick).

Auction closes 6 pm GMT Wednesday, BCT server time, or one minute after the last winning bid (in case a winning bid was submitted during the last minute, the auction lasts as long as there are no new winning bids submitted in one minute since the previous one).

Gold bought in this auction must be paid in 24 hours in monero (XMR). XMR can be bought with BTC here. Non-payment is considered default and results in forfeiture of game assets, or denial to enter the game at a later time, as well as loss of reputation and trust rating.

HM The King reserves the right to make clarifications.

[rpietila]

Above: Added that auction does actually work with XMR only, and it must be bought first in Poloniex (recommended).

[binaryFate]

2,000 @ 0.20

[Febo]

1000  @  0.06





I hope i understand how it goes. And i hope i can raise my bet when i see i am not wining anymore.

[rpietila]

And i hope i can raise my bet when i see i am not wining anymore.

Yes. It is always possible to place new bids. Old bids continue to be valid, though (but if you place a new bid only after the previous one is not winning, this does not matter of course).

Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.06 Febo
6,000 @ 0.05 HM The King
------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.05 XMR/CKG.

[saddambitcoin]

7000 @ 0.07

i decided today that i must obtain a 1:1 ratio of CKGold/XMR. so there is some buying to do.

hail the king for giving us something fun to do with Monero!

[kronicblazer]

1000 at .08

If alot of people take interest, could we limit the amount of gold 1 person can get(so new people have a better chance to try out game early)?  Kinda sucks if one single person can bid a high amount and take everything since I think too much gold was sold to some people at the start already.  Higher adoption means the game will grow faster, and less big monopolies are good for the game in the long run.

[NewLiberty]

1000 at .08

If alot of people take interest, could we limit the amount of gold 1 person can get(so new people have a better chance to try out game early)?  Kinda sucks if one single person can bid a high amount and take everything since I think too much gold was sold to some people at the start already.  Higher adoption means the game will grow faster, and less big monopolies are good for the game in the long run.

Some early buyers might also sell or give gold for many different reasons.

Consider this:
A careful reading of the rulebook shows that there is an incentive to spread the wealth especially for those who might collaborate on common goals simply because high amounts of gold produce less stone per gold than lower amounts of gold.  Therefore multiple collaborators can produce more by working together than can a single player working alone with the same amount of gold.  It is a built in cooperation incentive for the wealthier subjects.

However in deference to your concern, I will forgo bidding on this auction.

[NewLiberty]

1000 at .08

If alot of people take interest, could we limit the amount of gold 1 person can get(so new people have a better chance to try out game early)?  Kinda sucks if one single person can bid a high amount and take everything since I think too much gold was sold to some people at the start already.  Higher adoption means the game will grow faster, and less big monopolies are good for the game in the long run.

Some early buyers might also sell or give gold for many different reasons.

Consider this:
A careful reading of the rulebook of the king's wisdom shows that there is an incentive to spread the wealth, especially for those who might collaborate on common goals simply because high amounts of gold produce less stone per gold than lower amounts of gold.  Therefore multiple collaborators can produce more by working together than can a single player working alone with the same amount of gold.  It is a built in cooperation incentive for the wealthier subjects due to the decreasing returns on hoarding.

However in deference to your concern, I will forgo bidding on this auction.

[dnaleor]

1000 @ 0.1

[rpietila]

Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.10 dnaleor
1,000 @ 0.08 kronicblazer
5,000 @ 0.07 saddambitcoin
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.07 XMR/CKG.

[Shrikez]

1000@0.09

[NewLiberty]

1000  @  0.06

I hope i understand how it goes. And i hope i can raise my bet when i see i am not wining anymore.

You've now been outbid and will need to raise in order to get any of this batch.

[rpietila]

1,000 @ 0.12 fluffypony (aka Riccardo, Earl of Forte Spagnolo)
1,000 @ 0.10 fluffypony
1,000 @ 0.08 fluffypony

[rpietila]

Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.12 fluffypony
1,000 @ 0.10 dnaleor
1,000 @ 0.10 fluffypony
1,000 @ 0.09 Shrikez
1,000 @ 0.08 kronicblazer
1,000 @ 0.08 fluffypony
1,000 @ 0.07 saddambitcoin
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.07 XMR/CKG.

[saddambitcoin]

1000 @ 0.13
1000 @ 0.11
1000 @ 0.10

i must have gold!!

[rpietila]

Situation currently:

1,000 @ 0.30 fluffypony
2,000 @ 0.20 binaryFate
1,000 @ 0.13 saddambitcoin
1,000 @ 0.12 fluffypony
1,000 @ 0.11 saddambitcoin
1,000 @ 0.10 dnaleor
1,000 @ 0.10 fluffypony
1,000 @ 0.10 saddambitcoin
1,000 @ 0.09 Shrikez
----------------------------------
(below the winline, bids are not shown)

If the auction would end now, the price would be 0.09 XMR/CKG.

[dnaleor]

ad this bid please

2000 @0.11