Chapter 316: The Underground Treasure Exchange Convention, Corpse Moth [Subscribe Requested]_2
The similarity lies in that this kind of event also adopts an invitation-by-token system, where only those holding a token can enter, and participants are encouraged to conceal their identities.
At the same time, the origin of any item that appears at the Underground Treasure Exchange Convention is not to be inquired into.
The difference lies in the location and revenue structure of the Underground Treasure Exchange Convention.
Generally, the Underground Treasure Exchange Convention is held in the safe confines of a marketplace, so even if someone exchanges something valuable at the Convention, they need not worry about being ambushed and can take their time to deal with the item within the marketplace.
At the same time, the organizers of the Underground Treasure Exchange Convention will charge the seller a venue fee for successful transactions, usually amounting to around two percent of the total value of the items sold.
Additionally, the tokens for the Underground Treasure Exchange Convention also need to be purchased by the Cultivators with Spirit Coins.
For example, Zhou Chun, in his eagerness to acquire a token, first spent over a thousand Spirit Coins on Elixir Talismans in a shop to qualify for purchasing a token.
Afterward, it cost him another three hundred Spirit Coins to purchase the token.
The Spirit Coins from the sale of these tokens mostly end up in the pockets of the organizers.
Therefore, the organizers of the Underground Treasure Exchange Convention usually have a deep relationship with the marketplace managers, or the marketplace managers themselves are one of the participants.
Moreover, compared to underground auctions, the Underground Treasure Exchange Convention is held more frequently, and some places even hold them at fixed times on a regular basis.
As a result, this kind of Underground Treasure Exchange Convention has also become a favorite place for Foundation Establishment Stage Cultivators and Purple Mansion Cultivators to unload their acquisitions.
Just like Zhou Chun, who has come to this Underground Treasure Exchange Convention, he has also brought some items he acquired in Jingguo Country to see if there are opportunities to sell them.
As time slowly passed, more people continued to enter the place while Zhou Chun waited.
After about two hours, when the number of people in the Underground Cave Hall reached over seventy, the previously unusually quiet Underground Cave Hall finally heard a voice.
"Alright, it's about time, we don't need to wait for those who haven't arrived," someone said.
Zhou Chun looked in the direction of the voice and saw that the speaker was a Purple Mansion Phase Cultivator wearing a crimson red mask, who seemed to be the person in charge of this Underground Treasure Exchange Convention.
When he spoke, all the Cultivators' attention was drawn to him, and he cupped his hand in greeting and said, "I go by the codename Red Fox, and I'm responsible for this Underground Treasure Exchange Convention. Fellow Daoists, it's fine to address me as Red Fox."
After that, he went on to explain the rules and precautions of the Underground Treasure Exchange Convention as if reading from a script.
It was essentially a series of standard rules such as no coercion in buying or selling and the requisite payment of a venue fee for transactions.
When the rules and precautions had all been explained, Red Fox took the initiative to slap his Storage Pouch at his waist, taking out several treasures and placing them in front of him, introducing their uses and the items he wished to obtain in exchange.
Of course, he could have chosen not to introduce the treasures at all. As long as he brought out the items and stated what he wanted to exchange for them, that would have been fine, as it was all up to personal will and there were no mandatory requirements.
This Treasure Exchange Assembly that operates on a barter system indeed tests the Cultivators' own knowledge and experience.
If one is shortsighted and makes a misjudgment, then they can only pay for the lesson with their own money.
Zhou Chun silently observed as the treasures that Red Fox brought out were discussed and negotiated in whispered transmissions by many, and in less than a quarter of an hour, most of the items were taken by others.
The remaining two items that did not seem to reach an agreement were promptly withdrawn back into his Storage Pouch by Red Fox.
Then, Red Fox turned his gaze to another Cultivator who wasn't concealing his face—a horse-faced elder—and said, "Would this fellow Daoist be interested in showcasing his treasures now?"
Upon hearing this, the horse-faced elder pondered for a moment before nodding and saying, "Then this old man shall comply with respect."
He then stretched out his hand and slapped his Storage Pouch, taking out five treasures.
"One piece of a second-grade middle-quality Defensive Dharma Artifact, the Azure Mist Scarf, capable of unleashing Defensive Radiance to protect the whole body, able to withstand several slashes from a sword of the same rank."
"Three feathers from a third-grade Demon Beast, the Blazing Sunbird."
"Five feet of millennium Yinhui Wood's heart."
"Seven middle-grade Snake Saliva Fruits."
"Two top-grade Snake Saliva Fruits."
The horse-faced elder introduced the five treasures he brought out one by one. After finishing, he scanned the crowd and said in a deep voice, "These items will only be exchanged for millennium Spiritual Medicine, or Spiritual Objects that can aid in this old man's cultivation."
Upon these words, the Cultivators who were interested in the items he brought forth immediately shook their heads, abandoning the thought.
Whether it be millennium Spiritual Medicine or Spiritual Objects that could aid a Purple Mansion Cultivator like the horse-faced elder in cultivation, all are more precious than the items he had brought and are not something these Foundation Establishment Stage Cultivators could possess.
And those who truly own such items would obviously not exchange them for his offers.
Thus, for over half a quarter of an hour, no one communicated with the horse-faced elder. Continue reading at My Virtual Library Empire
Seeing this situation, the horse-faced elder's face became unsightly.
He knew all too well that his exchange conditions were somewhat excessive, but without trying, he could never make peace with it.
At this point, seeing that no one could bring out the items he requested, he had no choice but to lower his demand and said, "Then this old man will step back further. As long as it's Spirit Ginseng or Lingzhi of over eight hundred years of medicinal age, one can bring them out to use as bargaining chips."
Once his demand decreased, people began communicating with him almost immediately.