Concept Auction System

v 0.1 030217 Johan Wolff

Overview
Today there is no support for inter-player trade. The players have solved this by unattached PE web pages and very annoying public advertisements of items for sale. By providing this function within PE we will centralize PE-attached activity and remove possibilities of trade fraud. The trading should be kept at a few geographically separate markets divided by commodity type. This will help spread the server load from overly popular trading centres that otherwise become bottlenecks. Inge uppdelning av erbjudna varor kommer att ske.

Markets
A natural division can also be made between commodities and other items.

Commodity trade
The commodity trade centre will allow the user to place buy / sell orders at fixed prices much like the Stock Exchange system of today. It is suited for Ore, Ingots and Components. Example: Sell order 1: 5 units at 5 PEDs / each Sell order 2: 10 units at 7 PEDs / each The buyer indicates that he want to buy 7 units and is given the Buy Now price of 39 PEDs. He may also place a standing buy-order at a lower trading price. Reversly a new seller gets a Sell Now-offer if there are any Buy-orders posted or he may place a standing order at a fixed price.

Item Auction
Individual items should be traded at an item auction. The seller deposits his object for a fixed period of time, a starting bid that is the TT-value and a Buy Now-price that can be set by the seller. The buy scenario is presented below; buyer 2 is the current high bidder: Buyer 1 places a max bid higher than the current price. If buyer 1:s max bid is higher than buyer 2:s, the current price is set to buyer 2:s lower bid and buyer 1 gains the high bidder status. If buyer 2:s bid is higher, the current bid is set to buyer 1:s new offer and buyer 2 remains the high bidder. If a new bid is posted within 10 minutes of the auction deadline it is extended with 10 minutes.