Chapter 712 - 358: Perfected and Launched

Chapter 712: Chapter 358: Perfected and Launched

This would certainly be beneficial to factions like theirs that had pledged allegiance to the Cheng Family.

The Cheng Family wouldn’t promote something if there was no benefit in it for them.

But Cheng Zongyang valued efficiency and gave them no time to whisper amongst themselves. He tapped the table lightly and continued, "There are several goals for implementing the Spirit Ticket. I have also established the corresponding rules, regulations, and policies."

As he spoke, he waved his hand, and a stack of printed booklets appeared beside him.

Li Lu, Zhou Zhendong, Cheng Zongwen, and a few others who were waiting at the side immediately went over and distributed the booklets to everyone.

Watching the booklets being handed out, Cheng Zongyang felt a surge of excitement.

’The implementation of the Spirit Ticket will allow for the rapid recovery of large amounts of gold and silver, and it will further solidify the Immortal City’s status and uniqueness.’

’During the final stages of planning and development, he had decided that the Spirit Ticket would eventually replace the Spirit Stone as the mainstream currency.’

’Spirit Stones would only be used in specific circumstances, such as for purchasing Elixirs that help Cultivators with a Realm Breakthrough, like the Foundation Establishment Pill or the Golden Core Pill, and for certain cultivation practices.’

’Ultimately, Spirit Stones will become a reserve hard currency for all the nations and factions, much like gold in his previous life, thereby reducing the consumption of Spirit Stones.’

’After all, Spiritual Qi gradually dissipates from Spirit Stones through various forms of consumption. Furthermore, Spirit Stone Ores are a finite resource, which means they will eventually be depleted.’

’Therefore, the Spirit Ticket will be implemented gradually. Once the entire Martial Arts Realm, the Immortal City, and all Cultivators have adapted to it, it will become the primary currency for trade. Reserving Spirit Stones for crucial transactions while being backed by the Spirit Ticket is the best approach. This will preserve the value of Spirit Stones and reduce dependence on them.’

"The policies are detailed inside; you can take a look first. This will be beneficial for the development of all your families. Each booklet also contains a sample set of the finished Spirit Tickets for you to inspect."

As the booklets were passed around, everyone began to read them one by one.

Cheng Zongyang reminded them again, "The official name for the Spirit Ticket is the ’Ten Thousand Races Spirit Ticket.’ It is divided into Spirit Silver Tickets and Spirit Gold Tickets. As you can see from the notes in your hands, their colors match gold and silver. They are paper-like in texture but are made from a Spirit Tree, making them resistant to ordinary water and fire. They can also be folded freely, allowing for better preservation.

The denominations I’ve established for the Spirit Ticket are: one tael, five taels, ten taels, fifty taels, one hundred taels, five hundred taels, one thousand taels, and ten thousand taels, for a total of eight denominations.

Under normal circumstances, one thousand taels in Spirit Silver Tickets can be exchanged for one Low Grade Spirit Stone. One hundred taels in Spirit Gold Tickets can also be exchanged for one Low Grade Spirit Stone. That’s right, the exchange ratio is different from before. The reasons for this are all detailed in the booklets."

About fifteen minutes later, a representative from a family from the Land of Thirteen Royal Families raised his hand. "City Lord, my Li Family has no objection to the implementation of the Spirit Ticket, but will the exchange of gold and silver for Spirit Tickets be available in all nations and for all factions, and will it be a fixed, long-term arrangement?"

After the man finished speaking, Cheng Zongyang nodded slightly.

"Correct. This is also explained in the booklet. The exchange of gold and silver for Spirit Tickets will be at a fixed ratio and will be a long-term arrangement. One tael of silver can be exchanged for a one-tael Spirit Silver Ticket, and one tael of gold can be exchanged for a one-tael Spirit Gold Ticket. The more detailed exchange rates and methods are clearly recorded in the booklets, so I won’t elaborate further."

"City Lord, I wonder if we might be permitted to establish our own exchange points," another family representative asked, raising his hand after Cheng Zongyang finished his explanation.

"You may," Cheng Zongyang said, his expression calm as he looked at the representative. "We will establish exchange points in every nation and region, and you may do so as well. My purpose in promoting the Spirit Ticket is also to ensure the economic stability of all nations and factions. I must guarantee that after the common people exchange their money at the proper rate, their original livelihoods are not affected. The only change should be the form of the silver coins in their hands.

A stable environment in the Martial Arts Realm is also beneficial to the development of the Immortal City.

If the implementation of the Immortal City’s Spirit Ticket leads to the common people being exploited, extorted, or cheated, plunging them into misery, then that would be a disastrous consequence brought about directly by my Immortal City.

Therefore, I will dispatch personnel from the Immortal City to various regions to conduct unannounced, random inspections and inquiries among the populace.

If my Immortal City’s people uncover any wrongdoing, regardless of the reason, the individuals who ordered the exploitation will be executed. Those behind them will also be implicated. The family or faction involved will be placed on the Immortal City’s blacklist and permanently banned from entering the city, severing their path to immortality! My policy is this: better to kill the innocent than let the guilty escape! Of course, Cultivators have many ways to track and soul-search, so no one will be wrongly accused!"

For Cheng Zongyang, this was the only way. If everyone in the Martial Arts Realm had a Ten Thousand Races Spirit Seal, there would be no need to set up exchange points. The common people could handle the exchanges directly.

But for now, he could only use such deterrence. Furthermore, having his own people set up exchange points would also serve to promote the use of the Ten Thousand Races Spirit Seal.

The moment this severe punishment was announced, the expressions of some people in the room changed.

Exchanging gold and silver for Spirit Tickets, then using those Spirit Tickets to exchange for Spirit Stones—some of them had indeed entertained such an idea.

Acquiring more money meant acquiring more Spirit Stones.

But now, Cheng Zongyang’s words were like a blade hanging over their heads. The slightest misstep, and that blade would fall, severing their necks!

The risk was simply not worth the reward.

No one could guard against this kind of random inspection. If any problems were discovered, it would truly be over for them.

Some might say that a faction could still develop well without becoming a Cultivation Immortality Family, but that was only because all factions were still within the Martial Arts Realm.