Monday, May 25, 2009

The World Stock Exchange Iformation

The World Stock Exchange (WSE), is a fictional securities exchange and banking role-playing game developed, owned and operated by Hope Capital Pty. Ltd. of Melbourne, Australia. The WSE has been developed using Ruby on Rails. The WSE enables listed companies to raise capital and gain brand awareness by participating in the game while providing users with an ability to trade securities and earn interest in a simulated gaming environment using a fictional currency with a license issued by the fictional currency provider that has the potential to be purchased and sold for real US Dollars. The value of the license is determined by an exchange rate set by the provider, the rate is then applied to the total amount of fictional currency assigned to that license at the time of the transaction.
The World Stock Exchange began normal operations on March 7th 2007 and to date has achieved 27,000 user accounts, raised virtual businesses over L$145 million Linden Dollars and total Exchange Turnover exceeded WIC$500 million.[citation needed]
The WSE first appeared in the virtual world of Second Life and initially used the Linden Dollar currency in Second Life. In July 2007, the WSE completed the integration of a new fictional currency independent of Second Life called the World Internet Currency (WIC, WICS, W$). In February 2009, the World Stock Exchange ceased using the World Internet Currency operated by WIC Exchange due to a reversal of the acquisition to purchase WIC Exchange by Hope Capital.

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