We can’t deny that one way of earning more linden dollars is to invest on businesses in Second Life especially when you are not able to build your own business. SL Capital Exchange is not new in the stocks exchange industry since it was formerly known as AVIX. However, this time, with JTFinancial’s banking sytem merged to AVIX to become SLCAPEX (SL Capital Exchange), they have to be good enough to bring back the trust of residents to the banking and stock exchange industry. So now comes another ReviewMe review after just getting one from a bank.

Virtual Stock exchange can make you linden dollars

Buying and selling stocks is where the game is. You make more lindens when you buy a share and sell it to a higher price. I myself doesn’t have any idea how a stock exchange work 4 months ago, but in the process, since it’s very easy to learn, spending some time on the trades will definitely makes the system more familiar and easy to use.

The graphs and numbers may look overwhelming especially if it’s your first time to see one, but these numbers and graphs are your friends for having a successful trade to make more linden dollars instead of losing.

One thing I noticed as well in SLCAPEX is that they only have few companies listed on the trading room unlike WSE (World Stock Exchange). This is because SLCAPEX REALLY review those who wants to use their system before putting them in the IPO wherein some “companies” listed doesn’t really exist in-world. In short, some companies listed back then are FAKE. The few companies listed in SLCAPEX is a good sign for me that they do really research on the companies first before people can invest from them. 

The banking industry is still alive!

In the past, we’ve seen some banks fail for having such high interest rates on cash balances, ranging from 0.1% to 0.2%. Now, SL Capex also hits the spot of high interest rates but since they are backed up by a well known stock exchange system, I cannot say if they are too good to be true.

SLCAPEX’s current interest rate is at 0.12% daily.

How can they afford such high interest?

According to their FAQ…

The interest rate we pay is determined based on the returns of our investments, and the rate of deposits isn’t how the interest rate is financed.
The radical growth in SL makes the interest rate possible.
We have the interest rate set based on the success of our investments, and constantly monitor our accounting to determine what we can afford to pay.
Eventually growth will saturate and we’ll have to lower the interest rate to match market conditions.
People are buying SL property and products at a fantastic rate, and the growth is simply amazing. This growth is what makes our high, daily compounded interest rate possible. We recognize that radical growth can’t last forever, but we are doing the prudent thing: facilitating and riding that growth while monitoring our business carefully.

I do agree with the radical growth of SL but still, with the past events on the banking industry, a high interest rate can be very doubtful.

You can check out SLCAPEX’s HQ in-world here.

If you enjoyed reading this, subscribe to my RSS feed!