Runescape Grand Exchange was introduced in 2007. Other Massively Multiplayer Online Role Playing Games like Word of Warcraft and many others have what we called auction houses.
The Runescape Grand Exchange created by Jagex, was first of its kind and have several unique features which I will go through as you read on.
Free World Trading vs Runescape Grand Exchange
Before the switch to the new trading system, Runescape is a world of free trading. Every player can buy or sell gold and/or items freely among themselves. This creates a huge problem for Jagex.
Thousands of website sprung up all over the places to sell Runescape gold and items for real cash. And Jagex treat this very seriously.
So, in order to stop this from happening, and thousands of other players paying cash to other website rather than Jagex themselves, they switch to the exchange system.
This greatly impacted millions of players, as most of them quit, only a handful of them cracked the code of the Runescape Grand Exchange and multiply their wealth in Runescape many hundred folds.
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