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[[File:TC.png|thumb|300px|Normal Trade Currency Interface]]
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[[File:Newtradecurrency.png|thumb|340px|The RoblEX page.]]
The ROBLOX Trade Currency (Or RoblEX) is a section of the site released on November 21st, 2008 used to trade in each currency for the other for different rates. While most casual users use it for converting their currency to buy goods, its main purpose has been to use the rates to one's advantage, making money using nothing but their original money.
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'''The ROBLOX Trade Currency''' (or '''RoblEX''') was a section of the site released on November 21st, 2008<ref>John Shedletsky, "It's the Economy...", ''Roblox Blog'', http://blog.roblox.com/2008/11/its-the-economy/.</ref>, used to trade both currencies, Robux (abbreviated R$) and Tickets (abbreviated Tix) with different rates. Most casual users used it for converting their currency to buy different goods; however, it was possible to earn money through the Trade Currency by manipulating the ratios and exchanging currency for the right rates. On April 14th, 2016, the Trade Currency system was shut down due to the removal of [[Ticket]]s on that date.
   
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== Features ==
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=== Pair ===
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Pair lists what is being exchanged through the Trade Currency. The Pair section always read "BUX/TIX", which indicates that Robux and Tickets are being exchanged constantly.
   
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=== Rate ===
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The rate would state what rate your Tickets and Robux will be transferred through if you chose to use a market trade. The rate was created by taking the highest rate for Tickets and dividing it by the lowest rate for Robux.
   
== Trading Currency Interface ==
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=== Spread ===
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The spread was the distance the highest Tickets rate is from the lowest Robux rate. The larger the spread was, the larger the difference between the two rates.  With a large spread, one could gain larger profits from their transaction, only by using limit order.
   
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Negative spreads meant that the Tickets rate was higher than the Robux rate, meaning one can make profit using market order.
   
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=== High/Low ===
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The high and low rate would show the lowest rate for Robux, and the highest rate for Tickets out of all outstanding transactions within the last 24 hours.
   
=== Basic information ===
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=== Available Charts ===
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On the right side of the page lied the current trade amounts and rates for both currencies. The chart on the left side was for Tickets, and the chart on the right side was for Robux. The charts showed all of the top 20 lowest outstanding ROBUX trades and top 20 highest outstanding Tickets trades.
   
==== Pair ====
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=== Trade Window ===
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In the very middle of the page lied the Trade window, where you would perform transactions by entering how many Robux or Tickets you wish to enter and hitting "Submit Trade". One could choose between Market Order, which transferred your trade according to the current default rate, or Limit Order, which allowed the user to choose the exact amount of Tickets or Robux they want in exchange for their trade. Checking "Allow split trades" before submitting would allow the user's trade to go through in separate parts, unchecking it would try to put the trade through in one lump sum.  If the trade was not allowing split trades, trades behind it could be processed before it.
   
Pair lists what is being exchanged through the Trade Currency. The Pair section always reads "BUX/TIX", whicn indicates that ROBUX and Tickets are being exchanged constantly.
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=== Positions/History ===
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[[File:TradeHistory.png|right|200px|Trade History page.]]
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On the left of the page below the trade button are the user's current positions and history, set up in four tabs for convenient use. You can access any current Robux or Tickets trades here and cancel any transactions in progress. You can also access your history of previous trades here.
   
==== Rate ====
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== Donating ==
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It was possible to use RoblEX to donate currency to another player without Roblox subtracting their customary 30% Market Fee, and the recipient does not have to be a [[Builder's Club]] member.
   
The rate states what rate your Tix and ROBUX will be transfered through if you chose to use a market trade. The rate is created by taking the highest rate for tickets and dividing it by the lowest rate for robux.
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In this example, the amount being donated is 100 Robux.
   
==== Spread ====
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# The recipient creates a Limit Order with "What I'll Give" being 1 Ticket, and "What I'll Get" being 100 Robux
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# The donator creates a similar order, but with the parameters reversed, giving the 100 Robux, and getting the 1 Ticket
   
The spread is the distance the highest Ticket rate is from the lowest ROBUX rate. The larger the spread is, the farther away the two rates are, and the better deal one can get for their transation. Negative spreads mean that the Ticket rate is higher than the ROBUX rate, leading to a unsatisfactory economy.
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This same system was used to give Tickets, but it costed more for the recipient.
   
==== High/Low ====
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== System Shut Down ==
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On April 14th, 2016, '''Tickets '''as well as''' RoblEX '''were removed from Roblox. Read more [http://blog.roblox.com/2016/03/saying-goodbye-to-tickets/ here].
   
The high and low rate shows the highest rate for ROBUX, and the lowest rate for tickets out of all current transactions.
 
   
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== References ==
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<references />
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[[Category:Discontinued features]]
=== Rate Charts ===
 
 
On both sides of the page lie the current rates for both currencies. On the left side are the current&nbsp;lowest rates for Tix. On the right side is the current highest rates for ROBUX.
 
 
=== Trade Window===
 
 
In the very middle of the page lies the Trade window. This is where you perform transactions by entering choosing how many robux or tickets you wish to enter, then hitting "Submit Trade". One can choose between Market&nbsp;Order, which transfers your trade according to the current default rate, or Limit Order, which allows the user to choose the exact amount of Tix or ROBUX they want in exchange for their trade.
 
 
=== Records ===
 
 
On the bottom of the page below the trade window is the records, set up in three tabs for convient use. You can access any current ROBUX or Tix trades here, and cancel any transactions in progress. You can also access your history of previous trades here.
 
[[Category:Money]]
 
[[Category:Robux]]
 
[[Category:Tickets]]
 
[[Category:Features]]
 
[[Category:Money System]]
 

Latest revision as of 07:54, December 31, 2019

Newtradecurrency

The RoblEX page.

The ROBLOX Trade Currency (or RoblEX) was a section of the site released on November 21st, 2008[1], used to trade both currencies, Robux (abbreviated R$) and Tickets (abbreviated Tix) with different rates. Most casual users used it for converting their currency to buy different goods; however, it was possible to earn money through the Trade Currency by manipulating the ratios and exchanging currency for the right rates. On April 14th, 2016, the Trade Currency system was shut down due to the removal of Tickets on that date.

Features Edit

Pair Edit

Pair lists what is being exchanged through the Trade Currency. The Pair section always read "BUX/TIX", which indicates that Robux and Tickets are being exchanged constantly.

Rate Edit

The rate would state what rate your Tickets and Robux will be transferred through if you chose to use a market trade. The rate was created by taking the highest rate for Tickets and dividing it by the lowest rate for Robux.

Spread Edit

The spread was the distance the highest Tickets rate is from the lowest Robux rate. The larger the spread was, the larger the difference between the two rates.  With a large spread, one could gain larger profits from their transaction, only by using limit order.

Negative spreads meant that the Tickets rate was higher than the Robux rate, meaning one can make profit using market order.

High/Low Edit

The high and low rate would show the lowest rate for Robux, and the highest rate for Tickets out of all outstanding transactions within the last 24 hours.

Available Charts Edit

On the right side of the page lied the current trade amounts and rates for both currencies. The chart on the left side was for Tickets, and the chart on the right side was for Robux. The charts showed all of the top 20 lowest outstanding ROBUX trades and top 20 highest outstanding Tickets trades.

Trade Window Edit

In the very middle of the page lied the Trade window, where you would perform transactions by entering how many Robux or Tickets you wish to enter and hitting "Submit Trade". One could choose between Market Order, which transferred your trade according to the current default rate, or Limit Order, which allowed the user to choose the exact amount of Tickets or Robux they want in exchange for their trade. Checking "Allow split trades" before submitting would allow the user's trade to go through in separate parts, unchecking it would try to put the trade through in one lump sum.  If the trade was not allowing split trades, trades behind it could be processed before it.

Positions/History Edit

TradeHistory

On the left of the page below the trade button are the user's current positions and history, set up in four tabs for convenient use. You can access any current Robux or Tickets trades here and cancel any transactions in progress. You can also access your history of previous trades here.

Donating Edit

It was possible to use RoblEX to donate currency to another player without Roblox subtracting their customary 30% Market Fee, and the recipient does not have to be a Builder's Club member.

In this example, the amount being donated is 100 Robux.

  1. The recipient creates a Limit Order with "What I'll Give" being 1 Ticket, and "What I'll Get" being 100 Robux
  2. The donator creates a similar order, but with the parameters reversed, giving the 100 Robux, and getting the 1 Ticket

This same system was used to give Tickets, but it costed more for the recipient.

System Shut Down Edit

On April 14th, 2016, Tickets as well as RoblEX were removed from Roblox. Read more here.


References Edit

  1. John Shedletsky, "It's the Economy...", Roblox Blog, http://blog.roblox.com/2008/11/its-the-economy/.
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