Over the years, because Fengyue Baolou has an excellent reputation, even the good deeds printed by the Righteous Dao Immortal Alliance have been competed by many monks.
Since in Feng Yue Bao Tower, the system that has always been implemented is that fairy jade can be quickly exchanged for good merit points, and in Feng Yue Bao Tower, all high-level treasures must be purchased with good merit points, so that the supply of good merit points has exceeded demand in recent years.
Once a batch is printed, the monks will exchange it for immortal jade.
Of course, there are some monks who do not have enough fairy jade, so they start to take on tasks crazily in exchange for good merit points. When they get the good merit points, the first thing they do is to store them in Fengyue Pavilion, so that they can
Earn interest.
Because of Fang Yang's various financial methods, the value of good works has always been very strong, and basically requires a high premium to redeem it.
Therefore, Fang Yang and the others secretly used a large amount of good deeds to buy fairy items. Naturally, they were very popular. They completed the transaction quickly and bought a lot of good things.
However, as more and more good merits enter the market, as a kind of currency, inflation begins to occur.
First of all, there are problems with the exchange between good merit points and fairy jade.
Originally, the merit points were very valuable due to the various discounts and high interest rates offered by Fengyue Baolou. The general official price was that one merit point could be exchanged for ten immortal jades.
In the past, because good deeds were relatively scarce, they had a price but no market. It often took twelve fairy jade to exchange for one good deeds.
As a large amount of good deeds poured into the market, the exchange between good deeds and fairy jade began to change subtly.
First, the price started to drop to the point where eleven jade can be exchanged for one good merit point, and then it even returned to the official price, where ten jade can be exchanged for one good merit point.
However, this balance did not last long, and soon the bottom line was broken down.
"Nine immortal jade can be exchanged for one good merit value..." "Eight immortal jade can be exchanged for one good merit value..."
"Five immortal jade can be exchanged for one good merit value..." "Three immortal jade can be exchanged for one good merit value..."
For a time, the value of good deeds in the market began to depreciate rapidly, and finally it became a fairy jade exchange for one good deeds value.
Even though the decline is so rapid, it still seems to be just the beginning of the avalanche.
"What should I do? The value of good deeds is worthless now!"
"The price keeps falling every day. My wealth seems to have evaporated..."
"No, I have to take out the good deeds I saved and exchange them for fairy jade!"
"Yes, if I continue to fall like this, all the good deeds I have earned over the past few years will be reduced to useless paper..."
The turmoil in the financial market soon caused a huge response among all the monks. The sensitive monks have exchanged the good deeds in their hands into fairy jade as quickly as possible, and even started to stay away from this place.