With the secondary market being out of control, our customer FiPME came to us with the issue of ensuring trade regulations are followed. They fear that certain players in this market may benefit unfairly and that there may be risks of fraud, money laundering, and other illicit actions. Additionally, FiPME wishes to guarantee that its games adhere to pertinent trading laws and regulations, which can be difficult in the current market.
Our challenge was to create a system that would allow us to clean up the secondary trading market from fraud which is currently fulfilling the in-game items markets, and which would be capable to:
We’ve created a trade exchange engine similar to the normal existing commodities exchanges where the users can post their BIDs and Offers, see the market trading analytics, and where all the secondary market trading would be conducted within a controlled protected environment with fraud excluded. Our solution was designed to address the following key requirements:
We ensured that the trading solution complied with all relevant regulations related to trading, including anti-money laundering and anti-fraud measures.
The trading solution included robust security features that protected against fraudulent activity and ensured the integrity of the trading environment.
To promote a fair and transparent trading environment, we included features that made pricing easy to understand and ensured that all users had access to the same information
The trading solution was designed with usability in mind, making it easy for gamers to use and trade seamlessly and intuitively.