IMPORTANT - MARKET CLOSED FOR WSE 4.0 UPGRADE
Submitted by:
World Stock Exchange - WSE (Trade)
Date: January 04, 2008
We are upgrading many areas of our services and the website as part of our launch for the WSE 4.0 platform. This is a huge undertaking and we have now entered a phase of development that requires the WSE to close all trading and transactions for "up to" 30 days. As responsible managers and to ensure stability, security and improved services it is important the WSE fix all existing bugs in the website as part of the upgrade. CEO's will continue normal reporting and announcements during this period. WSE 4.0 includes a new ATM, improved security and functionality along with a new conditional trading system. All WSE Account Holders will earn a bonus 25% p.a. interest during this process. We ask for your patience and apologise for any inconvenience.
The WSE now has come along way since March 2007 to become the leading internet- based stock exchange system focused on virtual companies operating in Second Life.
I joined Second Life in December 2006 and within the first week I was convinced that virtual worlds with endless possibilities such as Second Life will provide an extended platform to the existing website and over time would provide Internet users with a complete Broadband Entertainment experience. Thanks to the great leadership, innovation and achievements of Linden Lab the creators of Second Life, we have now entered a new era in the technological evolution of mankind which is the virtual world. Second Life and all that it represents is bringing people from around the world closer together and providing a great opportunity for residents to be inspired, learn, collaborate, innovate and to share their knowledge and creativity.
At the heart of most economies is a Stock Exchange and therefore I felt it was the right time to establish a stock market for the Second Life economy.
On the 22 December 2006 Hope Capital Ltd a Second Life based company was nothing more than a vision in a pdf file. Today WSE is the first and leading fully internet-based securities exchange and trading platform based on the virtual world of Second Life. The World Stock Exchange has experienced exceptional growth over the past 10 months and this growth is expected to continue. Second Life and the World Stock Exchange are History in the making and have exceeded all our expectations.
Since being established, the WSE has constantly overcome all challenges it faces while continuing to improve and growing all services to provide users all over the world with a fully interactive securities exchange and trading experience. The WSE has constantly made every effort where possible to improve and develop our services while providing information to allow all stakeholders an opportunity to share in the future growth and prosperity of the World Stock Exchange and virtual world economies such as Second Life.
The WSE has achieved over 26,100 accounts, raised IPO's over L$129.5 million, WIC$1,800, secondary offers have raised over L$27.1 million, nearly WIC$ 3,000 and had exchange turnover exceed L$519 million.
The WSE is progressing well and has made a significant contribution to economic activity in the virtual economy of Second Life. We have been aggressively cleaning up the market, making sure CEO's keep the market updated and de-listing any companies that fail to adhere to the WSE Rules and Terms.
We have also been extremely busy developing the very latest version of the WSE Platform - called WSE 4.0 -, which is progressing well and we expect the new website design, layout, functionality and services should be completed within 45 days.
WSE staff are cleaning up the market and preparing the WSE platform for our worldwide launch of the World Stock Exchange to the mass market as the world’s leading Internet-based stock exchange platform to be used for educational and entertainment purposes.
The majority of future WSE traders will be general Internet users with a browser using the World Internet Currency as their chosen currency for trading on the WSE.
We estimate that trading volume will exceed L$10m per 24 hours with in excess of 50,000 new additional WSE traders participating in the market between now and April 2008.
We ask for your patience and continued support while we complete this final major phase of the WSE's development and growth.
Every decisions we make or action we take are made in the best interests of the majority of stakeholders at all times. There are times when leaders must make decisions that can lead to some negative consequences in the short term in order for us to make a greater positive impact in the longer term. It is for this reason that the WSE is still operational when many other virtual businesses and banks are not and it is for this reason that the WSE is on the verge of major growth which we hope you will share in with us.
Kind Regards,
LukeConnell Vandeverre
CHAIRMAN & CEO
World Stock Exchange
The WSE now has come along way since March 2007 to become the leading internet- based stock exchange system focused on virtual companies operating in Second Life.
I joined Second Life in December 2006 and within the first week I was convinced that virtual worlds with endless possibilities such as Second Life will provide an extended platform to the existing website and over time would provide Internet users with a complete Broadband Entertainment experience. Thanks to the great leadership, innovation and achievements of Linden Lab the creators of Second Life, we have now entered a new era in the technological evolution of mankind which is the virtual world. Second Life and all that it represents is bringing people from around the world closer together and providing a great opportunity for residents to be inspired, learn, collaborate, innovate and to share their knowledge and creativity.
At the heart of most economies is a Stock Exchange and therefore I felt it was the right time to establish a stock market for the Second Life economy.
On the 22 December 2006 Hope Capital Ltd a Second Life based company was nothing more than a vision in a pdf file. Today WSE is the first and leading fully internet-based securities exchange and trading platform based on the virtual world of Second Life. The World Stock Exchange has experienced exceptional growth over the past 10 months and this growth is expected to continue. Second Life and the World Stock Exchange are History in the making and have exceeded all our expectations.
Since being established, the WSE has constantly overcome all challenges it faces while continuing to improve and growing all services to provide users all over the world with a fully interactive securities exchange and trading experience. The WSE has constantly made every effort where possible to improve and develop our services while providing information to allow all stakeholders an opportunity to share in the future growth and prosperity of the World Stock Exchange and virtual world economies such as Second Life.
The WSE has achieved over 26,100 accounts, raised IPO's over L$129.5 million, WIC$1,800, secondary offers have raised over L$27.1 million, nearly WIC$ 3,000 and had exchange turnover exceed L$519 million.
The WSE is progressing well and has made a significant contribution to economic activity in the virtual economy of Second Life. We have been aggressively cleaning up the market, making sure CEO's keep the market updated and de-listing any companies that fail to adhere to the WSE Rules and Terms.
We have also been extremely busy developing the very latest version of the WSE Platform - called WSE 4.0 -, which is progressing well and we expect the new website design, layout, functionality and services should be completed within 45 days.
WSE staff are cleaning up the market and preparing the WSE platform for our worldwide launch of the World Stock Exchange to the mass market as the world’s leading Internet-based stock exchange platform to be used for educational and entertainment purposes.
The majority of future WSE traders will be general Internet users with a browser using the World Internet Currency as their chosen currency for trading on the WSE.
We estimate that trading volume will exceed L$10m per 24 hours with in excess of 50,000 new additional WSE traders participating in the market between now and April 2008.
We ask for your patience and continued support while we complete this final major phase of the WSE's development and growth.
Every decisions we make or action we take are made in the best interests of the majority of stakeholders at all times. There are times when leaders must make decisions that can lead to some negative consequences in the short term in order for us to make a greater positive impact in the longer term. It is for this reason that the WSE is still operational when many other virtual businesses and banks are not and it is for this reason that the WSE is on the verge of major growth which we hope you will share in with us.
Kind Regards,
LukeConnell Vandeverre
CHAIRMAN & CEO
World Stock Exchange