What is the World Internet Currency?

The WSE operates using fictional currency called the World Internet Currency (WIC, W$) provided by www.WicExchange.com . New users receive a bonus W$100.00 assigned to their WSE account in order to experiment and start trading. When using the WIC you are issued with a limited license by WIC Exchange that you can buy and sell for US Dollars subject to the terms of WIC Exchange. The value of the WIC license is determined by an exchange rate set by WIC Exchange, the rate is then applied to the total amount of WIC assigned to that license at the time of the transaction. Trading on the WSE allows users to increase the amount of WIC assigned to their license and the more WICS users have, the higher the value of the license! The WIC Exchange rate to buy is currently USD$1/WIC$265 and to sell is WIC$270/USD$1. WIC Exchange accepts VISA, MasterCard, Bank account and Paypal. To Deposit or Withdraw WICS on WSE go to the menu and select "ATM" on the WSE. Click here to join WIC Exchange!

About WIC Exchange
The World Internet Currency (WIC, W$) is a fictional currency issued and operated by WIC Exchange. Users are issued with a limited license by WIC Exchange that has the potential to be purchased and sold for US Dollars. The value of the WIC license is determined using a fixed exchange rate set by WIC Exchange, the rate is then applied to the total amount of WIC assigned to that license at the time of a transaction.

WICS are a universal virtual currency giving Internet users worldwide the opportunity to learn, have fun and share in the explosive growth of Virtual Worlds, Social Networks, Massive Multiplayer online games and the World Stock Exchange. The WIC transcends the borders of virtual and real world finance, allowing users to send or receive WICS for virtual goods or services. The World Internet Currency (WIC, WICS, W$) is not a real or legally recognised currency and holds no monetary or barter value in and of themselves. US Dollars are exchanged between WIC Exchange Pty. Limited and the user as payment for the limited license right to use World Internet Currency. Any US Dollars received by a user for the sale of their license may be subject to taxation laws in the jurisdiction where the user is a resident.

How to Buy and Sell WICS
Users can buy their WIC license and select the amount of WICS to be assigned to that license from WIC Exchange. Payments can be made with a Mastercard, VISA, bank account or PayPal account through our payment gateway supplied by Paypal. WIC Exchange charges a USD$0.40 fee to sell the license to users in addition to the license charge. Australian citizens are required to pay an additional 10% GST which is applied to the total purchase amount.

Users can sell their WIC license and any WICS assigned to that license to WIC Exchange. WIC Exchange charges a USD$1.00 to buy the license from users and will subtract this charge from the license price. WIC Exchange will only pay users with a Paypal account. All user payments by WIC Exchange are reviewed for security and processed once every 24 hours using the Paypal Mass Payment system.

User to User Transfers
Users can directly transfer a portion or all of the WICS assigned to their license to another user with an account on WIC Exchange or on a third party platform such as the World Stock Exchange. WIC Exchange provides users with the ability to exchange WICS privately for any virtual goods and services. To use this feature, simply click "Send WICS" once you log in to your WIC Exchange account, and then enter the amount of WICS to transfer along with the recipients WIC Exchange username to send WICS instantly. If a user has incorrectly quoted a username and sent WICS to the wrong user, WIC Exchange will attempt to rectify the error upon receiving information from the sender via our contact page. WIC Exchange cannot guarantee that any incorrectly transferred WICS will be reassigned to a users account.

How to Create an Account
To use WIC Exchange, users must hold an account with WIC Exchange. There is no fee for creating and holding an account. To open an account, simply click "Register Now!" from the main page, and follow the simple instructions. By creating an account with WIC Exchange users acknowledge that they accept and agree with the WIC Terms of Service. For legal and security purposes WIC Exhcange requires that all users provide their legal identity including their Full Name, Postal Address, Telephone number and the Country where they reside. Users who provide false information during the registration process will have their account closed.

USING THE FICTIONAL WORLD INTERNET CURRENCY IS SUBJECT TO THE TERMS OF SERVICE BY WIC EXCHANGE PTY. LTD LOCATED AT WWW.WICEXCHANGE.COM