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The simExchange (www.thesimexchange.com) is the prediction market for video games. It is an online community in which thousands of gamers, developers, and investors buy and sell stock in a virtual stock market to predict how gaming products will sell or how great their reviews will be. Trading is done in DKP, a virtual currency.
There are 3 different types of stocks to trade:
1. Global Lifetime Stocks which represent the global lifetime sales of a game or hardware product. For example, if a game is currently forecasted to sell 1 million units (100 DKP), but you think the game will sell at least 1.2 million units (120 DKP), you would buy the stock.
2. NPD Futures which forecast NPD’s monthly data releases. These forecasts include (1) hardware, (2) 10 software titles, and (3) total video game sales. The simExchange settles these NPD Futures when NPD releases their monthly data. For example: if you bought 100 of the Xbox 360 November future at 700k units (70 DKP) and the actual results were 800k units (80 DKP), you would gain 10 DKP per future (total gain of 1,000 DKP).
3. Metacritic Futures which predict the Metacritic score of an upcoming game. For example, if you think a game will get an 85 Metascore, but the current forecast is for a 90 Metascore, you would want to short sell as the Metacritic Future will only be worth 85 if the game actually gets an 85.
First, to sign-up, go to http://www.thesimexchange.com/new_account.php. If you do not get a confirmation email within 10 minutes, please check your spam inbox as sometimes the verification emails may end up there. Although some may be intimidated at first, the concept is easy, if you think an estimate is too low--buy the stock, if you think it’s too high—sell the stock (yes, you can sell a stock even if you don’t own it). But of course, there is a tutorial for those with additional questions at http://www.thesimexchange.com/getstarted.php
After signing up, users can identify themselves with CAG by entering their CAG username in the profile on the simExchange. To do this, users go to the "Account" section of the web site, and then click on "Profile" on the left navbar. On this page, there is a section for users to enter their CAG username. Once a part of the CAG community you will be able to look up your stats and the stats of the other members in the community—including the stats of the other communities.
LET'S KICK SOME ASS!
The simExchange (www.thesimexchange.com) is the prediction market for video games. It is an online community in which thousands of gamers, developers, and investors buy and sell stock in a virtual stock market to predict how gaming products will sell or how great their reviews will be. Trading is done in DKP, a virtual currency.
There are 3 different types of stocks to trade:
1. Global Lifetime Stocks which represent the global lifetime sales of a game or hardware product. For example, if a game is currently forecasted to sell 1 million units (100 DKP), but you think the game will sell at least 1.2 million units (120 DKP), you would buy the stock.
2. NPD Futures which forecast NPD’s monthly data releases. These forecasts include (1) hardware, (2) 10 software titles, and (3) total video game sales. The simExchange settles these NPD Futures when NPD releases their monthly data. For example: if you bought 100 of the Xbox 360 November future at 700k units (70 DKP) and the actual results were 800k units (80 DKP), you would gain 10 DKP per future (total gain of 1,000 DKP).
3. Metacritic Futures which predict the Metacritic score of an upcoming game. For example, if you think a game will get an 85 Metascore, but the current forecast is for a 90 Metascore, you would want to short sell as the Metacritic Future will only be worth 85 if the game actually gets an 85.
First, to sign-up, go to http://www.thesimexchange.com/new_account.php. If you do not get a confirmation email within 10 minutes, please check your spam inbox as sometimes the verification emails may end up there. Although some may be intimidated at first, the concept is easy, if you think an estimate is too low--buy the stock, if you think it’s too high—sell the stock (yes, you can sell a stock even if you don’t own it). But of course, there is a tutorial for those with additional questions at http://www.thesimexchange.com/getstarted.php
After signing up, users can identify themselves with CAG by entering their CAG username in the profile on the simExchange. To do this, users go to the "Account" section of the web site, and then click on "Profile" on the left navbar. On this page, there is a section for users to enter their CAG username. Once a part of the CAG community you will be able to look up your stats and the stats of the other members in the community—including the stats of the other communities.
LET'S KICK SOME ASS!