Linden Dollars are the currency of Second Life
In short Linden Dollars are called "L$” is the official and virtual currency in Second Life
The name comes from the creators of Second Life, the Linden Lab in San Francisco
The economy is based on the Linden™ dollar (L$), Second Life's virtual micro-currency
Residents can buy and sell L$ on the LindeX™ the official virtual currency exchange of Second Life. In 2008 more than USD $100 million worth of L$ were bought and sold on the LindeX.
Players can use those Linden Dollars to buy and sell assets. Assets can come from own production or can be the result of an acquisition. Real estate, products and services are tradable assets.
What makes Second Life special is the interface between the real and the virtual world. Currencies play a major role here. Because it is possible to trade the virtual currency Linden Dollars in hard and real US-Dollars - and vice versa. Virtual and real world merge together. LindeX is the official trading platform for L$.
Similar to the existing financial markets, managers of Second Life try to stabilize the exchange rate of the L$ - and also inflation. So one can buy some Linden Dollars for real American Dollars!
Players can use those Linden Dollars to buy and sell assets. Assets can come from own production or can be the result of an acquisition. Real estate, products and services are tradable assets.
What makes Second Life special is the interface between the real and the virtual world. Currencies play a major role here. Because it is possible to trade the virtual currency Linden Dollars in hard and real US-Dollars - and vice versa. Virtual and real world merge together. LindeX is the official trading platform for L$.
Similar to the existing financial markets, managers of Second Life try to stabilize the exchange rate of the L$ - and also inflation. So one can buy some Linden Dollars for real American Dollars!
Similar to the existing financial markets, managers of Second Life try to stabilize the exchange rate of the L$ - and also inflation. So one can buy some Linden Dollars for real American Dollars!
There are various ways to buy Linden Dollars
First of all, there is LindeX
LindeX is the official trading platform from the company and managers behind Second Life, the Linden Lab. Third party platforms like IGE and SLExchange are an alternative to LindeX. All of them supply quite similar services. It is a matter of taste and personal preferences which way to choose.
The basic requirements to be able to buy Linden Dollars are simple: One must have an avatar and must be a registered player of Second Life.
The managers of Second Life have the goal, to maintain a stabile and constant price for Linden Dollars. Momentarily you get just under 270 Linden Dollars for one US-Dollar.
There are two main options to finish the purchase of Linden Dollars:
First of all a credit card can be used.
If the player has a premium account at Second Life, he can use this credit card.
The second option is to use a Paypal account.
Buying Linden Dollars
