The Tycoon God of Online Gaming
Chapter 802 - 803: The Auction Begins!

Chapter 802: Chapter 803: The Auction Begins!

It finally ended, I finally completed crafting the Pioneer’s Proofs required for three sets of level 90 master-grade suits!

One could deduce that if a player from an ordinary guild were to craft a full set of pioneer-grade equipment proofs, it would be hard to even imagine how long that would take.

For Chu You, this was a necessary endeavor, because this set of equipment could suppress all current players and also cope with the majority of NPCs from the seven great countries, just like Dantai Jingning, who could take on guilds of ten thousand single-handedly without fear! Truly ahead of its time!

It’s like casually sending out an Interstellar Mother Ship with alien technology and utterly flipping Human Earth upside down! Total domination!

The strength of the Immortal Guild is now as exaggerated as described above, and though it is indeed an exaggeration, it is also a fact.

Reality has to be accepted, whether one is willing or not in one’s heart; it objectively exists!

A few centuries ago, 18,000 soldiers of the European Ocean Alliance Army were able to breach the Capital city, defended by 150,000 regular soldiers and 200,000 Boxers, and in just 5 hours, the Capital city was declared to have fallen. Doesn’t that sound exaggerated, doesn’t it sound ironic, but that’s the fact!

At this time, Dantai Jingning really did log off.

Chu You walked out of the craftsman’s room at a leisurely pace, appearing amidst the breathtaking scenery. Below the grand steps of the craftsman room’s building, Chu You lifted his head to look at the sky for a while before moving towards a nearby transportation device.

After that, his figure vanished and reappeared at the guild’s exchange.

Entering, he selected the exchange interface, opened it, and then chose the auction function, only to see that the interface was empty, displaying: Not Opened!

Then Chu You chose to open it!

System: Opening the auction function means all players will be able to see the items up for auction and understand the relevant rules.

System: Please choose the official auction time!

Chu You thought for a moment and chose one week later, that is, next Monday! Next Monday, all items appearing in the own guild’s auction will be officially auctioned off at that time.

System: Please set the handling fee!

This means that if a player wants to list an item they purchased for auction, they would have to pay the handling fee set by you.

And the handling fee set by Chu You was: 100,000 Gold Coins!

Damn it! If good items aren’t listed, I’ll see who dares to mess around!

Chu You knew that if the handling fee was set too low, there would be a flood of junk items, and any garbage could be brazenly listed for auction; but setting it at 100,000 Gold Coins could effectively defend against this kind of chaos.

Just think about it, who would dare to waste 100,000 Gold Coins to list a piece of junk for auction? Once the handling fee is paid, there’s no possibility of getting that money back—it would be like gifting extra money to the organizer!

Furthermore, with the handling fee at 100,000 Gold Coins, this guarantees that the items players list are all top-notch! They could all sell for hundreds of thousands, even millions or tens of millions of Gold Coins—that’s the least to expect!

Of course, the starting bid for the items listed by the players is decided by the players themselves! Naturally, the seller can also choose to let the organizer set the starting bid! This is something Chu You, as the organizer, does not have the right to interfere with.

But the most important point is that all items listed by the players are in an: Untreated state!

Only if the organizer approves the item for auction will it appear on the auction interface; if the organizer feels that the auction’s reserve price set by the seller is too high and the item should not be auctioned, then unfortunately, the item automatically returns to the player, and of course, the handling fee is gone.

System: "Please set the commission ratio for successfully auctioned items!"

At this point, Chu You thought for a moment and set a 10% commission ratio! This meant that if a player’s item fetched 1 million Gold Coins at auction, then Chu You could earn 100,000 Gold Coins, plus the earlier handling fee, thus totaling 200,000 Gold Coins on this item.

System: "Considering your guild is Level 9, the number of items you can auction is: 50!"

System: "You may add your remarks to the successfully processed items to increase their popularity!"

What exactly is the difference between a guild exchange and a guild auction? The exchange only allows players to list their items and then set a final trading price, and that’s about it.

The auction, on the other hand, starts with a reserve price and lets the participating players bid, ultimately determining the final selling price of the item.

The key point is this: when choosing to bid, the system will check the amount of Gold Coins the bidding player has. If this amount does not meet the bid they placed, then the bid is invalid, and it won’t be displayed.

Another key point: after a bid is placed, the Gold Coins bid will be temporarily locked to prevent any shenanigans, unless someone else’s bid exceeds their own, releasing the locked Gold Coins. Otherwise, if their bid is successful, the locked Gold Coins will be collected, and the item will automatically enter their spatial backpack.

Many people are not clear about the true value of an item; those interested in an item at the exchange can only judge its true value based on their own experience and friends’ advice, which is highly subjective.

However, if that item has the organizer’s remarks, it’s a different story; it gives the players an intuitive understanding of the item.

This relates to whether or not the organizer holds authority! Whether his remarks carry any weight!

Clearly, Chu You is an authority in himself!

Moreover, the items listed in the auction are not restricted to individual items; they can be bundled in an ’add-on form’ to increase the success rate of auctions. At the same time, this method facilitates long-distance trades for buyers seeking to collect attribute sets and sellers wanting to package and sell such attribute sets.

With the addition of the organizer’s remarks, the chances of a successful auction are indeed very high.

System: "Auction function successfully launched, countdown to the official auction date: 6 days 23 hours 59 minutes 58 seconds!"

At this moment, all the players within the territory of Huaxia’s Yan Kingdom and those using the Shanhai Exchange constructed by Chu You in the central city of Huaxia were alerted by the System. On their trading interface, the words ’Auction (Activated)’ began to flash brightly!

Feeling intrigued, they immediately selected this flashing feature.

Upon doing so, a series of empty slots appeared on the interface with nothing in them, but in the middle of the entire interface was a transparent countdown timer.

It was immediately apparent what this was for!

Wow! You Ye Exchange has launched the auction feature!

A sense of exhilarating excitement rose within many players; the Immortal Guild had actually launched an auction, which was highly anticipated!

Some players who had experienced auctions held by other guilds, whether disappointed or happy, had high hopes for the auction by the Immortal Guild. They were eager to see what sort of items would surface at the auction held by the World’s Number One Guild and at the same time, the World’s Number One Mysterious Guild.

The news of the auction organized by Chu You spread quickly, especially among the players in the Shanhai Exchange in the central city of Huaxia, where players were shouting in surprise. The news spread quickly to the delivery men, and since Prosperous Street was already a major information hub of the seven nations, the intel was swiftly captured by many intelligence agents and disseminated to the ears of some big shots in the seven nations.