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VONEX: A novel approach to establishing open virtual money exchange regime
Angelina Chow; Jingzhi Guo
Conference NameACM International Conference Proceeding Series
Source PublicationProceedings of the 11th International Conference on Electronic Commerce
Conference DateAugust 12 - 15, 2009
Conference PlaceTaipei, Taiwan

Establishing an open virtual money exchange regime is a novel idea but rarely discussed. This paper provides a pioneer research on virtual money exchange (VONEX) approach, aiming to facilitate the exchange of virtual currencies among a variety of heterogeneous virtual communities. It has defined the intrinsic value and exchangeable value of virtual currencies and suggested a redistribution strategy, constituting the theoretical foundation of the virtual exchange rate system, by which a novel VONEX exchange rate algorithm is derived. Further to the introduction of the algorithm, a proof is given to ensure its correctness. Copyright © 2009 ACM.

KeywordExchange Rate Payment Redistribution Virtual Exchange System Virtual Money Virtual Payment Virtual World Vonex
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Document TypeConference paper
AffiliationDepartment of Computer and Information Science, University of Macau, Av. Padre Tomás, Pereira, S.J.
First Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Angelina Chow,Jingzhi Guo. VONEX: A novel approach to establishing open virtual money exchange regime[C],2009:352-357.
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