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Answer
Vick Forcella
Posts: 979
Topics: 12
Solutions: 13
Registered: ‎06-29-2009
Accepted Solution
Difference between Lindex and Xstreet Currency Exchange

On our dashboard, the page that opens op after you login the website, on the left there is a link toward the Linden Exchange.
https://secure-web3.secondlife.com/my/lindex/market.php

If you open op the Xstreetsl website there is something similar. On the welcome page, right below there is a link towards another Exchange.
https://www.xstreetsl.com/modules.php?name=Currency

I expected them to contain the same data, but they don't. The one hovers around 262L$/US$, the other around 273L$/US$ so it's clearly something different.

What's the difference between the two?

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Answer
Accepted Solution
BlckCobra Shikami
Posts: 388
Topics: 1
Blog Posts: 0
Solutions: 23
Registered: ‎03-11-2009
Answered

Hello Vick,

the very detailled article written by Nalates at  http://nalates.wordpress.com/2009/08/12/xstreetsl-currency-exchange-tutorial/ sheds some light on the differences and what they have in common. Both are owned and opreated by LindenLab.

I hope this info is helpful for you, Cobra

CobraTech Scripter - Scripted Things / Contest Systems and more.
CobraTech - "We bring it to life"
Other Answers: 4
Ellla McMahon
Posts: 3,757
Registered: ‎02-28-2009
Answered

Looking at the website information, LindeX™ Exchange and Linden Lab Official:Xstreet Currency Exchange it seems to me that XStreet doesn't charge a transaction fee but uses spread pricing instead.

LindeX: Fees for Buying L$


    

You will be charged a fixed fee of $0.30 per transaction regardless of the amount of L$ you purchase.

XStreet: What's spread pricing?


Spread pricing is often misunderstood, but it's actually both simple
and easier to calculate than standard commissions. This is because
there are no commissions to calculate!

Spread pricing means that buy and sell orders aren't matched at the same price. Instead,
buy orders are matched with slightly lower-priced sell orders, and sell
orders are matched with slightly higher-priced buy orders.

Both exchanges seem to set "Prices at this site are set by the market price - I.E. the best price offered by the different sellers of Linden dollars."

So maybe a factor is that one exchange has more sellers than the other or more sellers who will to sell at a lower rate.

Message was edited by: Ellla McMahon

Great link, BlckCobra, to a very detailed and useful article

BlckCobra Shikami
Posts: 388
Topics: 1
Blog Posts: 0
Solutions: 23
Registered: ‎03-11-2009
Answered

Hello Bob,

> LL doesn't own Xstreet...

they own it. LiondenLab auired XStreetSL (formely SL Exchange) in january 2009 (http://www.massively.com/2009/01/21/linden-lab-acquires-onrez-xstreet-onrez-to-close/).

Cobra

CobraTech Scripter - Scripted Things / Contest Systems and more.
CobraTech - "We bring it to life"
Contributor
Unklebob Hotaling
Posts: 7,287
Answered

LL doesn't own Xstreet... i'd assume LL can set their own rate and Xstreet within reason can do the same.

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Contributor
Unklebob Hotaling
Posts: 7,287
Answered

hahaha, i'm only a year behind the times... blame it on my timezone lol.  Thanks, learn something new every day.

Appreciated 

+ General Manager, Sinful Needs rockclub +