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Nasgo Stock Exchange Has Opened
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Wenyardâ€˜s 100 days of pre-launch is successfully over - NASGO Stock Exchange has opened.
Congratulation everyone - NASGO has officially opened and we are among the very first to be in the game. If you haven't already done so, you may enter NASGO at www.nasgo.net and login with your Wenyard username and password.
As this of course is new to all of us, I thought I would cover some observations and general Q & A's.
Firstly, I would like to point out, that opening a new Stock Market Game to tens of thousands of people at the same time, could and should be expected to start with small glitches. So I suggest, that we all agree to stay calm, if or when these hick-ups arise and be positive that Wenyard will be doing their best to handle every situation that may come.
Wenyard announced yesterday, that we are starting with a 30 days soft launch, which I believe refers to the controlled release of WFO's - see below for more information. In addition, Wenyard informed that the game currently contains 6 of the many companies already presented, to make it easier to learn the game.
Okay, let's cover what happened to our accounts starting with WFO's
All WFO's gained were end-valued at 3.00 EUR each, and EUR amounts been transferred to NASGO, where they can be found in our Portfolio menu, listed as WFO escrow value. These will be released daily with 1/30 every day until all has been released and all purchases are held in escrow for 30 days before they can be sold. With these precautions, Wenyard hopes to open the game in a controlled and responsible way and give all, the opportunity to position themselves before the free trading starts.
Now, let's cover what has happened to earnings on Mandatory Accounts
Money on Mandatory Accounts (30 % of earnings) has also been transferred to NASGO, and can be found in Portfolio as well, listed as your Mandatory Account balance. Stock purchases made from Mandatory Account will be held escrowed for 30 days as well.
Lastly, let's look at Account Balance
Money on Account Balance, 70 % of commission earnings, stayed in your Wenyard member page. These you may transfer to your bank or Towah account, purchase WFO's from or transfer into NASGO for stock purchasing. Stocks purchased from money from Account Balance will not have an escrow period.
Weekly Qualification - deadline, what to do and how
Presently I am not 100 % on the specific deadline for the weekly qualification. I am confident though that we all get appropriate notice prior to a given deadline. For weekly qualification, in order to earn commissions and/or accumulation of points, it is my understanding that we must purchase for 10 â‚¬ of WFO's. This is possible through our Wenyard member site in START menu. Scroll down approximately to middle of the page, where it says BUY WFO's, insert 10 or more in "Number of WFO's" and then click Buy WFO's. Money on Account Balance is needed to do this, and as not all members presently have that, I assume we'll be noticed appropriately prior to a given deadline.
WFO's in packages after prelaunch and what happens with these
Wenyards prelaunch is over and packages now contains 50 WFO's for Broker, 300 WFO's for Pro Broker and 1200 WFO's for Executive Broker. These WFO's will have a fixed value of 1 Euro each, and will become available for new companies which are in the pipeline for listing on the NASGO Stock Exchange. This means that future WFO's will not dilute the shareholders in the existing NASGO companies.
It seems the momentum bonus will continue. This means the Momentum ticker that creates excitement stays and so does the 100 % match on personal introduced members get in WFO's according to their choice of package as far as I know.
It is early days in NASGO and much information about the game, its rules, companies etc. is still to be announced from Wenyard. So far, I think it looks great and I am eager to start my learning curve and find out how this game functions. First Financial Company News is expected to be published Jan 18th.
This is just getting more and more interesting. Let us build this into a giant!
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