Chapter 710 - 357: Divine Dao Technique; Promoting the Spirit Ticket (3)

Chapter 710: Chapter 357: Divine Dao Technique; Promoting the Spirit Ticket (3)

"When the Royal Families of the various nations hear this, they will only think about losing their monetary authority. But for the powerful families, it shouldn’t be a problem. After all, Cultivation Immortality is what they seek, too. They have different priorities. The Royal Families want to rule the world."

Cheng Zongyang smiled. "I haven’t forbidden the circulation of gold and silver. The nations can continue to use them. I’m introducing Spirit Tickets to make it easier for people to carry money and use it in the Immortal City. Here in the Immortal City, both gold and silver and Spirit Tickets are accepted. However, Spirit Tickets can purchase certain things that gold and silver cannot. That is their inherent advantage."

"Then there shouldn’t be a problem. As long as the powerful families, the gangs, and the Ten Thousand Races across the nations are willing to use them, the Royal Families will have no choice but to accept." Chen Kaishan smiled. "But the Immortal City’s supply of Spirit Stones is limited, and there are none to be mined in the Martial Arts Realm. We have to prevent one thing: factions exchanging gold and silver for Spirit Tickets, only to then convert those Spirit Tickets into Spirit Stones. Spirit Stones are the ultimate hard currency; they can be used not just for trade, but also for cultivation.

Therefore, all the major factions will inevitably hoard Spirit Stones while using gold, silver, and Spirit Tickets for transactions. This will cause the Immortal City’s already limited supply of Spirit Stones to be systematically exchanged for and hoarded away, and this trend will continue indefinitely.

It’s just like in Da Liang, where all the powerful families hoard gold and silver and use silver notes for their transactions. If it weren’t for the Royal Family’s influence and control, those silver notes would have become worthless paper long ago. Even the Da Yi Commerce Association does the same thing—hoarding the true hard currency while using the widely circulated silver notes for business."

Cheng Zongyang immediately fell into deep thought.

He had considered this point before. ’It’s just like how nations in my past life would hoard Gold. That’s the advantage of a hard currency. It’s the same with Spirit Stones.’

’But I’m no expert in finance. I’ve heard and read bits and pieces, but my knowledge is far from complete.’

So, he turned to Chen Kaishan and said, "I have some ideas, but they’re not fully fleshed out and are bound to have flaws. I’d like you to look them over for me. See if they’re feasible."

"You’re too kind, Boss." Chen Kaishan’s expression turned serious as he clasped his fists. "If I have an answer, I will certainly hold nothing back."

For Cheng Zongyang, the master of an Immortal City, to be so willing to humbly ask for guidance when faced with such a problem... it truly moved Chen Kaishan.

"Then I thank you," Cheng Zongyang said, returning the gesture with clasped fists.

"Uncle Chen, I have given some thought to the problem you raised. It’s as I was saying—there will be a differential in the exchange rate between Spirit Tickets and Spirit Stones. That’s the first measure."

Chen Kaishan nodded, waiting for him to continue.

Cheng Zongyang continued, "So, I will implement restrictions on the frequency and amount of Spirit Stone exchanges. I will set a limit on how many times the various powerful families can exchange for Spirit Stones within a given period to prevent frequent conversions. For example, they might only be allowed to make an exchange once per month.

"I’ll also set a maximum exchange limit, reasonably assessed according to the scale and needs of each family. For example, major powers like the Royal Family, Gate Valve Families, and Noble Families will have a monthly exchange quota that cannot be exceeded. It may not be completely effective, but it’s at least a relative constraint."

Chen Kaishan listened and nodded. "That could work."

Cheng Zongyang went on, "Second, I’ll implement a differentiated exchange policy. Powerful families that actively use Spirit Tickets for transactions and economic activities will be granted more favorable terms for Spirit Stone exchanges.

"For instance, families with high transaction volumes could enjoy lower transaction fees when exchanging for Spirit Stones. As for those who only hoard Spirit Stones without using Spirit Tickets, I’ll gradually increase their exchange costs, for example, by raising transaction fees or offering them a less favorable exchange rate."

"That’s a good idea. It would encourage them to use Spirit Tickets," Chen Kaishan said with a smile.

Cheng Zongyang continued, "...(I won’t write out the rest here; I’ll put it in a supplementary Chapter, along with methods for ensuring the Immortal City can maintain the exchange rate between Spirit Tickets and Spirit Stones, etc. You can all go take a look. Of course, these are just my own ideas, and there are bound to be mistakes. After all, this is all set up from the protagonist’s perspective—he isn’t an expert, nor is he omniscient about his past-life knowledge. So just read it for fun.)"