User Complaint About Existing Services Leads Naxdax to Create Used Game Market
"Giving Games Back To The People!" Says Naxdax Founder
Los Angeles, CA - - August , 31 2009 - - UTC - Amidst tentative media speculation, Naxdax Inc. today announced it is testing a preview release of Naxdax.com a free user-based game trade service utilizing the internet as a medium. With a capacity mirroring that of an actual stock market, the nuances of financial, political, investment, and management risks have been simplified. But the fun has been amplified.
The inspiration for Naxdax came from an average gamer complaining about the poor quality of existing game trade services, recalled Jason Wang, Naxdax president. "The guy complained about having to regularly go through triple digits to support a casual gaming habit," Wang said. "And when he's avoiding that, he has to jump through loops and hoops to find a sometimes only marginally better deal. So I thought, 'canâ€˜t I fix this?'"
The idea that there could be a better way to handle game merchandise thus caught the attention of Jason, who thought it was a good time to create a people's market that was both convenient and an actual reflection of market supply and demand. (Grand Theft Auto 4 had released as a smashing success, disproving the impact of economical downtrends on the gaming market). Millions of beers later, Naxdax was born.
"If an average gamer has a problem obtaining new content, well, so do we," said Naxdax founder, Jason Wang. "And while conceptualizing Naxdax was a lot more complicated than we anticipated, we're pleased to be able to offer it to the gamers who want it; free!"
"Naxdax solves all of my gaming merchandise desires. It's fast and easy and has all the versatility I need. Best of all, it's internet based. I love it!Ã¢â‚¬ added Jason.
Today, a handful of users will begin testing the preview version of Naxdax. Unlike other game trade services, Naxdax is built on the idea that gamers should never have to struggle to obtain a game or pay exorbitant retail prices. Key features of Naxdax include:
* Supply and Demand: Derived and inspired by the NASDAQ stock market, but without all the nuisance of financial, political, investment, and management risks; NAXDAX is an innovative way to connect thousands of gamers around the country to buy, sell, and trade their video games. NAXDAX creates a peopleâ€˜s market in which used game prices are determined by supply and demand as the only market forces.
* Empowers: NAXDAX offers game owners a much more efficient platform through a combination of direct and reverse auction mechanisms, and empowers video gamers by allowing them to set their own buy or sell orders. Moreover, based on unique data collected from each individual user, NAXDAX makes personal recommendations of games and accessories that are most suitable for their gaming needs.
* Convenience: NAXDAX is dedicated to the gamers, and as such, strive to deliver exuberance through service. Our value proposition for users is not only a marketplace for economical buyers or recyclers of used games, but a one stop shop to fulfill all gaming needs.
According to Jason, Naxdax will make the preview test version of Naxdax available to a small number of gaming aficionados. With luck, Naxdax will prove popular to them and to the original gamers who sparked the idea.
About Naxdax Inc.:
Fueled by the outcry of gamers, Naxdax was founded to provide a secondary market for fast and easy trading between video game owners, using the internet as a medium. Naxdax, Inc. is a California corporation that is created by gamers, for gamers. Derived and inspired by the NASDAQ stock market, but without all the nuisance of financial, political, investment, and management risks; Naxdax is an innovative way to connect thousands of gamers around the country to buy, sell, and trade their video games by providing a stock exchange approach for e-commerce, payments, and information. For more information, visit www.naxdax.com.