X-Dragon Era

At this point, someone might say, "Do you think everyone is a fool? As soon as someone dismantles a Gold Coin, won't the gig be up? Once exposed, the bank plan is bound to collapse, right?"

On this matter, Xin Yun had actually thought it through... In fact, Xin Yun had no intention of concealing this at all. For a bank, nothing is more important than credibility. A bank without credibility has no other path but to close down.

Therefore, with the gold yuan, Xin Yun announced loudly that it wasn't equivalent currency. If one didn't like it, they could simply use Silver Yuan and copper coins, which are equivalent currencies and absolutely reliable.

But in this case, would anyone want the gold yuan? Definitely not... But that's not a problem, for the next currency to be introduced—the crystal yuan—was actually created to promote the gold yuan.

Originally, Xin Yun had not planned to release the crystal yuan, but for the sake of gold, it became necessary to promote it. To collect gold, the crystal yuan had to be introduced—otherwise, who would want the deceptive gold yuan?

One crystal yuan is worth a hundred Gold Coins. The value is undoubtedly correct, even exceeding by quite a bit. If it were really sold on the market, one crystal yuan would be worth a minimum of thirteen or fourteen gold. This was the market rate, and moreover, it was a seller's market. Yet at Xin Yun's place, one crystal yuan only exchanged for Ten Gold, essentially earning a profit of thirty or forty percent upon exchange.

The crystal yuan not only had value in itself, but more importantly, was also a consumable. Once absorbed... it could directly accelerate the process of cultivation. For everyone, it was a rare and coveted treasure, something no one would want to miss out on.

Now here comes the problem: one might want crystal yuan, but it could only be exchanged with gold yuan, and to exchange for gold yuan, one could only use Gold Coins. This completed a gold collection process.

Once the bank started operations, silver coins could be exchanged for Silver Yuan, Gold Coins for gold yuan, and gold yuan could then be exchanged for crystal yuan. It's worth noting that copper coins would not be taken out of circulation, but the bank would not accept copper coin exchange services. Throughout the whole world, copper coins would still be the most basic unit of currency, akin to the cents and dimes on Earth.

To exchange for copper yuan, one silver coin could be exchanged for ten copper yuan or one Silver Yuan, but it could not be exchanged for gold yuan. Gold yuan could only be exchanged using Gold Coins. Once the exchange occurred, the bank could earn ten units of gold while only paying one unit of gold.

Maybe someone would say, after going in circles, the gold yuan exchanged for crystal yuan ends up back at the bank, doesn't it? This seems no different from directly selling crystal yuan.

At first glance, it does seem that way, but in reality... selling Spirit Stones is actually an important channel for collecting gold, and a standard Spirit Stone is worth One thousand gold. However, after being condensed by the Chaos Cauldron, it can be turned into fifteen crystal yuan. In essence, it's like selling a standard Spirit Stone for 1500 gold!

Moreover, the reason for adding the gold yuan step is to emphasize its importance. Only gold yuan can be exchanged for crystal yuan. Over time, its value will subtly rise, and eventually... gold yuan will become the sole currency for exchanging crystal yuan. Because of this status, though gold yuan itself might not be worth much, the interests it represents make it totally worth the value, thereby achieving promotion. And once gold yuan really takes off, every gold yuan could be exchanged for ten times its weight in gold.

Of course, merely elevating the stature of gold yuan is not enough. Xin Yun also planned to promote the banking scheme in the Thirty-Six Cities under his control, completing the currency exchange. In these thirty-six cities, only these four types of currency could be used, and... as the expansion continued, the cities under the control of Sky-opening Sect would also switch to this currency. In some sense, Xin Yun was essentially claiming all the gold in the Thirty-Six Cities for himself, without causing resentment among the populace.

In addition, Xin Yun planned to combine the refining capabilities of the Chaos Cauldron to produce a large number of exclusive merchandise. These items could only be purchased with gold yuan, not even with gold.

For now, Xin Yun, using the spatial principles of the Chaos Cauldron, had crafted space bracelets. Depending on the size of the space within, they were divided into different grades. Whether for home travel, self-defense, trading, or transporting goods, they were indispensable. Once popularized, they were sure to be an item everyone possessed.

Space bracelets were categorized into nine grades based on the size of the space inside them. The seventh, eighth, and ninth grades, which had smaller spaces that could only fit a car, were directly available for purchase with gold yuan. The fourth, fifth, and sixth grades, with larger spaces big enough to fit a truck, were available through regular auctions. An auction would be held monthly—highest bid wins. Prepare plenty of gold yuan, as without enough, one certainly won't be able to secure one. And to whoever does, wealth is guaranteed, as the space inside the bracelet used for transporting goods can make one filthy rich.

As for the first, second, and third grades, these were not space bracelets, but luxuriant and stately space rings, which couldn't be bought with money. They were not available on the market and private trading was prohibited. Once they changed hands, the space ring would automatically disintegrate into pieces.

The space within the space rings was even larger, big enough to fit an airplane. If used for transporting goods, the prospects would be limitless. But it was certain that those who possessed these rings would not rely on transporting goods to make money.