Update:CoinShare and Grand Exchange Changes
This update was added on 4 March 2008.
Clan Chat owners now have the option to use CoinShare, an addition to the LootShare system that was requested by many of you on the Forums.
To start CoinSharing, LootShare must be activated on your clan channel. You can then choose 'CoinShare' from your Clan Chat Setup interface. It is an entirely optional addition.
CoinShare has no effect on the majority of items; they will still be allocated to members of the clan channel according to how 'lucky' they have been with previous LootSharing monster drops.
If you have CoinShare active, the following will happen if a monster drops something of great value, like a dragon chainbody:
- The item is immediately put on the Grand Exchange, set at the current market price.
- An equal amount of coins is dropped on the floor for each LootSharer. Each player can then pick their share up. The total number of coins is based on the item's lowest value on the Grand Exchange.
All of this happens immediately. For a list of items that can be converted to cash using CoinShare, and more information on how CoinShare works, please read the Knowledge Base article.
As there will be an increased number of LootSharers because of this update, we have doubled the number of LootSharing worlds. For a list, please click here.
Summary
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Requirements to use CoinShare You must be on a LootSharing world. Access to: The ability to convert specific high-value items into cash and then share the amount equally with other LootSharers. |
Following the State of Play, many of you posted your concerns about how CoinShare works with the Grand Exchange. The following bulletpoints should address the worries you have:
- We have decided to place CoinShare items on the Grand Exchange so that this update has no effect on the rarity of certain items. High-value items would become more difficult to find if they were all converted into cash with CoinShare. We will place these items on the Exchange so they stay in circulation.
- CoinShare items bought or sold on the Grand Exchange DO NOT affect the item's market value. Only items that have been placed on the Grand Exchange in a conventional manner can affect the market price.
- A CoinShare item will be set at the average market price and will ALWAYS stay at the average market price. So, if the item's market price moves up or down, so will the value of the CoinShare item.
- Players receive the lowest market price when CoinSharing because of its additional convenience. Players do not have to waste an inventory space when picking up a high-value item, they do not have to travel to the Grand Exchange and they are guaranteed money from its sale.
- Players do not receive additional cash once the item has been sold on the Exchange.
Grand Exchange Interface Changes:
The Grand Exchange has been managing item trades for a few months now, which is enough time for us to check the Forums, scan your feedback and put together some changes that will not only make it easier to use, but a lot quicker too.
A lot of feedback centred on the Grand Exchange interfaces, with many of you forced to click multiple times when selling or buying. The following changes should really reduce that wasted clicking time:
- When making a Buy Offer, the +1/+10/+100/+1000 buttons increase the quantity by that amount
- When making a Sell Offer, the 1/10/100 buttons set the quantity to that amount. There is no 1000 option here, instead there is an ALL button which sets the quantity to the total in your inventory
- The Buy/Sell buttons in empty offer slots now appear by default
- The Grand Exchange Item Search interface now opens automatically when you click to make a new buy offer
- If you are collecting five or more of the same item from your collection box, they will be certed/noted (as long as they do not normally stack in your inventory)