💬〕general

[sage falcon]

so since it's a token you still worry about gas fees with it?

[main leaf]

you shall not pass the gas fee!

[thin ibex]

ETH needs to come up with something fast in order to reduce the gas fees, else someone else might overtake them 😉

[main leaf]

yup competition is much needed

but they cant. eth2.0 aint coming soon

[sage falcon]

yea

[idle terrace]

ADA is probably the biggest competition for ETH atm

[snow fable]

ADA is an empty cathedral... just smoke

We have to be patient for L2 solutions

[sage falcon]

ADA is a bunch of Papers

[lofty knoll]

Let's not go on the ada debate here hahah

Night everyone

I'll be back in 6 hours probably

[tidal flare]

are there any details of the presale? tokenonomics ? or did they decide to postpone it until the last day so that no one could understand anything

[severe igloo]

honestly, I think we should keep a close eye on their platform. About to release the 31st of march I believe? Not there yet, but it's a race against the clock really. If ETH 2.0 and Uni V3 resolve most issues, ADA is gonna have to play catch up.

[candid smelt]

If it is high end needed for Illuvium, then my desktop will be getting a small accident

https://tenor.com/view/rough-day-keyboard-monitor-smash-rage-gif-14696338

[lofty knoll]

Did you do any research at all? Coming in like that doesnt give us the will to answer your question really..

Everything we know is in your #791148036935516161 message and in the medium articles in #🔗〕helpful-links

[tidal flare]

@lofty knoll what you didn't like in my message a couple of days ago I went to the chat and here everyone said that there were no details, there were no notifications either , I say what I think I didn't insult anyone

[lofty knoll]

Have you read the medium articles and your welcome faq?

The only thing missing is the initial price, the launch hour and the way the nfts are going to be earned and distributed really

The initial price will be announced on the day of the sale

" or did they decide to postpone it until the last day so that no one could understand anything " ---> i know for a fact that they are working really hard to push out as much informations as quickly as possible

[tidal flare]

what you say is the only thing that is missing and this is the main thing in the matter of competent investment in this game. That's exactly what I had in mind and it confuses me that it's postponed to the last day. I saw trades on the balancer after which early investors began to drain their tokens and dump the price those who participated in the presale were stuck in the red

[inner topaz]

We are now going to send the configuration of the sale to a vote. I am writing the IIP now. I hope it passes without any changes needed but we thought it would be best to leave it up to the council. If approved the DAO will publish a Medium post with the confirmed BLP guidelines. The configuration includes things like pool weights, pool duration and pairs used.

[inner topaz]

To announce the price you mean?

[sage falcon]

I love being up on aussie time haha.

[lofty knoll]

Lucky

[sage falcon]

I napped and rahlord u have been awake the whole time

[lofty knoll]

I'm dead tbh. I need to sleep but i'm hooked

[sage falcon]

lol

[lofty knoll]

And now I see kieran typing

[sage falcon]

Lol

[tidal flare]

@inner topaz when will early investors ' tokens be unlocked?

[sage falcon]

The man is trying to write the IP config haha

Over my head

[lofty knoll]

As per the tokenomics : 12 months locked then gradually vested

[sage falcon]

These coders are wizards to me

[inner topaz]

12 lock + additional 12 months vesting

[sage falcon]

I think I've forgotten all the C++ I learned lol.....yeah so 2 years basically. Would it still make sense to lock up a small amount?

[tidal flare]

@inner topaz you can give me a link I write through a translator and it's hard for me to find everything

[inner topaz]

A link to what?

[sage falcon]

Like is there a minimum to add liquidity?

[inner topaz]

No minimum, but gas might outweigh your investment, so just be careful with that

[lofty knoll]

@sage falcon I am on my phone. Can you link him the tokenomics please..

@tidal flare

[sage falcon]

Ok yeah gas roger that. But I am looking at investing a smaller amount too start. But I dont mind locking it up for really three years.

2024 is the end of my three year plan hehehe

@inner topaz if you’re looking to spend thousands of dollars on it you think gas fees aren’t too much to worry?

oh okay

The smaller you spend gas eats into ur percentage

depending on what ETH is sitting at on the 30th i think i got a decent amount

[tidal flare]

@sage falcon @lofty knoll thanks

[sage falcon]

Like if you spend 50 and gas is 25 bucks that's not very good u know.

[lofty knoll]

You are welcome. Sorry I didnt realised there was a language barrier and also I was impatient for no reason with you. Pardon me

[sage falcon]

The week leading up to the 30th is going to be hype.

[tidal flare]

@lofty knoll everything is fine

[sage falcon]

I wouldnt be suprised to see a lot of folks joining the discord in the coming days and coming out of the woodwork for Illuvium.

Everyone I talk to loves the project and what it's aiming to do.

And if there ends up being merchandise let me know.

I could rock a black Illuvium hoodie

With the Illuvium in white

Yeah I can dig it haha.

[copper cypress]

Also down for Illuvium merch

The ancient NFTs

[sage falcon]

Yeah like two Rhamphyres back to back like the Kappa logo haha. On some lounge pants possibly.

[marble oyster]

My twitter post for the competition hinted at merge, I made a squizz hat (instead of a pickachu one) 😄

[sage falcon]

That's sic. Full confession Illuvium will be the first game I will play on my laptop in years.

Since Doom really.

Whenever that came out. I am aware of a lot of it, but I know I have a lot to learn.

[inner topaz]

Depends what you call negligible. I've spent 70K on gas in the past 6 months... don't ask me

[sage falcon]

what

that's insane

Jeez yoo, but I kind of already knew you boys had some money.

Kain started synthetix I know he has to be doing ok haha.

[inner topaz]

I started with 100K, turned it into 700K pretty quickly. It was insanely easy during the yield farming craze. I remember making 70K in 35 mins in front of my mum and she nearly had a heart attack. The funny thing is Kain lent me that 100K, in my previous business I grinded for two years without getting any pay. I definitely have not done this the easy way.

It took a shitload of adderall, and bordering on three months of basically zero sleep, but I got back up to speed quickly enough to want to start something of my own. Doing it with the bro is a mega bonus

[sage falcon]

yeah that sounds amazing

[inner topaz]

It's been a crazy ride

[sage falcon]

my goal in crypto is to escape the 9 to 5 i already feel how awful it is at 23 years old 😦

That's really good to hear tho....it is a grind. And I started my initial invested with my change lol. 70k in 35 minutes that's legend status.

I get that u all are r talented. I invest in people as much as I do their ideas.

[copper cypress]

I casually mentioned 600% APYs describing a project to my dad and he looked at me like he was gonna get me committed to an asylum

[sage falcon]

Like Kains picture lol, that looks like a brooding man haha, broad shoulders.

He looks like he thinks a lot

isn't yield farming really risky now or it always has been?

[inner topaz]

Man I assure you it wasn't skill, it was the land of the free back then. If you didn't get rug pulled you were going to the moon

[inner topaz]

Depends on the project

[sage falcon]

that's true I mean if the price of that token goes up to fast you lose money right? Impermeant loss

[inner topaz]

or down

[sage falcon]

yea

[inner topaz]

Yep

[sage falcon]

I am excited about yield farming in the Illuvium ecosystem

i'm just gonna stake

assuming i am able to get some of these tokens

I have not had much experience with it.

It will be interesting to try out.

[inner topaz]

The last balancer sale that went really well, they raised the most out of any project, and they sold 87% of the tokens. It's very likely everyone will have a chance to purchase the token

[sage falcon]

true

[marble oyster]

let's hope so

[inner topaz]

https://medium.com/balancer-protocol/balancer-facilitates-record-high-liquidity-bootstrapping-pool-for-hydradx-f08b6b0a3aee

[strange wharf]

🙏

[sage falcon]

To make matters worse, a significant number (20%) of transactions failed — meaning high gas fees were spent for no reason. A total of 8805 transactions were made with 1780 of them failing.

probably the saddest thing of all

I'm going to check out the doc

Love polka dots

i bought an NFT and got failed transactions like three times

just watched my money go down from like $400 in fees

[copper cypress]

Do you think with all the money involved Illuvium is still going to play really well for children.
Like all my early memories of Pokémon were about 8 years old. Would 8 yearolds be able to play this game unsupervised?

[sage falcon]

my question is obviously people buying on the sale clearly have an edge over people who buy after the public sale but if you still buy after the public sale you still are kinda good compared to when people buy much later?

Ok a lot of good info in that doc

Rahlord mentioned slippage a few times too

yea

slippage is def a good one to include

Kind of paints a picture of how the sale might go.

and then also setting your GWEI

Yeah I love polka dots and the para chains

[copper cypress]

Oh cool I'm gonna search for that discussion. I'm curious

[sage falcon]

Yeah well kids find away

There is atleast a few people on here I talk too that are like 17 who are big into coding and still in highschool

I consider u a kid sort of if your still in school

Depending on life experience too.

ngl i hated school

even though i recently just finished college

I'm old compared to you all probably

how old r u

Young people have that moment tho.

38

true

you better be rich

you knew about bitcoin at the beginning and how 9 to 5 is a scam and money is an illusion

I still look young af tho

Late bloomer still get carded for cigs and booze

Money is an illusion bro

it is

i live with my parents

and put all my money in crypto

and then dumping it all in ILV

My 30s have brought me some clarity lol

and then YOLO

getting a job brought me clarity

and made me like not like it all

all the meetings etc

and since it's all virtual now that makes it even more interesting

Well yeah every situation is different I lost my nanny about a year ago, she had copd and I helped take care of her. Anyways sad sh××. But after her passing I've decide to quit bartending and doing manual labor.

Focus on chess writing and crypto

And I switch the 3 that I'm obsessed with Haha it was chess all last year.

[slow wave]

You play chess? lets play!

[sage falcon]

@sage falcon u retired?

Yes I full on geek out for chess. But now for this game. I haven't been playing all that much lately this year not like I was.

Last year i was playing 12-18 hrs a day in chess

Full on psycho

[slow wave]

I know how that feels! That was me in uni

[sage falcon]

Yeah it helps to get good at something tho

Expert theory 10k hours they say

I try to do it in a 3rd of the time hehehehe

[copper cypress]

Hmm what I'd add to that discussion is I remember a few years back my Ex's brother was about 10 and him and his friends would ask for allowance and birthday presents as Visa gift cards so they could go on sketchy websites to buy Fifa points to get packs.

You could say that was a high barrier to entry cause kids don't have credit cards. They might not know how to transfer the points. Their parents may not allow them. But it was still hugely succesful

[slow wave]

Jesus hahaha much respect! What would be your elo would you say? and lichess or chess.com?

[sage falcon]

i love how people want USDT for the sale but watch ETH go up again and then people won't care that much

[strange wharf]

how much slippage u guys recommend?

[sage falcon]

My elo goes up and down about 200 points haha. And yes I had the same playstation analogy for kids.......I hit my goal of 2000 on lichess in 10 3 and 1 minute times.

I haven't been playing 1 minute I think I'm 1991

@sage falcon the world of crypto is regulation

that's why even though people believe in XMR i don't see it going crazy but then again it depends how many people use atomic swaps

I hope not too much regulation haha

[copper cypress]

If a parent loads a wallet for their kid they actually have better supervision then handing a kid a visa gift card also

[sage falcon]

True

there is less proof of yourself to start a brokerage account then to create an account on an exchange

unless your parents

There's ways to lock up crypto in an ira now

are like here son spend 20k to 100k on crypto your options are limited

I was checking that out a few months ago

my strag is buy shitcoins and then wait for shill and then put them back into something you believe in

Fair enough

[copper cypress]

Do all your chores and I'll transfer you .02 to your wallet to go catch more of those dang Illuvials you're always on about

[sage falcon]

Now that I dont know

[slow wave]

Nice! I have been playing more blitz and bullet (2+1) and I'm about 1750 on lichess

[sage falcon]

I dont think it costs to find the Illuvials

1750 is solid

No more back door mates for u hahaha

[slow wave]

pahahaha

[sage falcon]

I still could get beat my a 1700 hell a 1000 if I'm berzerking

Look chess will humble u real quick haha

[slow wave]

Been trying to work on defense more since I think I'm an aggressive player

[sage falcon]

Try the berlin

[slow wave]

I like the Berlin, but I'm trying to master the French as black atm

[sage falcon]

Advanced french

[inner topaz]

This game isn't targeting 8 year olds. It is targeting the people who were 8 year olds when Pokemon first came out

I probably wouldn't care about Charizard at my age now, except for the nostalgia

[sage falcon]

I'm a 90s kid Pokemon came out in 96 that was an awesome year

Jordan was king

Soccer was golden

The economy was booming haha

Love 90s nostalgia

[marble oyster]

And sonic was the best. Lol

[pulsar haven]

how long does the balancer bootstrapping last? it start at march 30 so when does it end?

[sage falcon]

I'm not good with links

Dupreeeeeee

[scarlet surge]

few days probably?

[sage falcon]

I thought it would end when all the tokens were bought up

But idk

[inner topaz]

Yes, I think it will appeal to teenagers

[inner topaz]

It will be voted on but in my proposal it is 3 days

[pulsar haven]

ahhh we should really decide on that soon lol

[sage falcon]

@sage falcon bruh

it's ez af to get crypto now most people will use coinbase

I'll be there man.... voting, no big lebowski

I dont care for coinbase

[scarlet surge]

lol, CEXs suck

[sage falcon]

I think u may be under estimating these kids skill and these parents that give their kids whatever

I know plenty of my friends and their kids get it all

[copper cypress]

I wonder how many of Axies players are teenagers. I'm sure it's a significant chunk

[sage falcon]

iPhones and you name it

My one cousin spent 400 bucks in PSP money when he was 15 without his parents knowing

[inner topaz]

The council will vote on it very soon. I am assuming it will go through, so as soon as I publish it, the details of the balancer pool will be revealed

[pulsar haven]

ahhh cool thanks man looking forward to the sale

[inner topaz]

We'll then simplify it in a Medium post straight after

Slight oversight on our behalf, this should have always been decided on by the council. There was so much to do for that demo that things slipped a little

[pulsar haven]

it's fine man. pretty sure you guys have a shit ton of work to do

[sage falcon]

Roger that

[oak furnace]

hi friend where I can buy to the 30th of March?

[sage falcon]

balancer.exchange

read the #🔗〕helpful-links

[oak furnace]

thank you so much

[sage falcon]

ur walecum

[zinc scroll]

do you think is worth if to invest 400 dollar or less on the pre sale the 30th?

[strong terrace]

for me it is 2-5 k worth

[chrome topaz]

so besides the cinematic trailer

when can we see some pictures of the gameplay etc?

what are you guys thoughts getting on matic and providing liquidity there for cheaper fees etc?

[inner topaz]

Soon, hopefully prior to yield farming starting

[winter heron]

latest trailer was epic guys well done

[sage falcon]

@zinc scroll you have to keep in mind what your fees would cost and what you think you can get with the money you put in

[granite arrow]

Hi guys newbie herw

[serene karma]

@inner topaz hello! Can you tell me please how to convert my preILV into ILV?

[inner topaz]

We will do that for you after the Balancer Pool closes

[last rain]

Can someone explain to me why the token can go down in price long after leaving, and it will cost more at the beginning?

[inner topaz]

Hey mate

[granite arrow]

Hey man

[copper cypress]

Damn Balancer needs to use that floppy bird analogy in their marketing materials. It clicked immediately after that lol

[sly nymph]

Hi guys. I am very embarrassed to write this, but I have a little financial difficulties. I am fluent in Photoshop and Corel. somebody needs my services? I will do everything efficiently and inexpensively

Ok, thanks

[olive dust]

How much are people planning to put in on the 30th? What kind of roi are you hoping for are are you mostly just wanting to support the project?

[inner topaz]

It's not surprising. I have seen a few projects using that analogy

Its brilliant

[inner topaz]

DM me if you know if you are a web design wizard

[sage falcon]

at least £1-2k I am new but look at GODs and Chain Games

SO to get this straight this will be on Uniswap on 30/03?

[marble oyster]

Balancer on 30/03, not on Uniswap

[sage falcon]

ok thanks anyone got a link cant find

[hollow gale]

1

[marble oyster]

balanacer.exchange

[sage falcon]

thanks

[dawn beacon]

starting price how much ?

[marble oyster]

not known atm

[shell pumice]

How will the BLP work? Just connect MetaMask to Balancer and swap ETH (which I understand from Kieran's post that it will most likely be used for the BLP) for ILV?

[marble oyster]

that is how i understand it

[shell pumice]

Great, thanks.

Any way to calculate the gas fees? I only have about 500-600$ worth of ETH, so I want to see if it's worth it to invest it in ILV... I am super excited about the game and it all sounds even better then Gods Unchained, but I guess when it comes to money, one should uses his mind more and his emotions less... 😀

[zinc scroll]

i think below 1k wont be worth it and you need 2k to be able to add to the liquidity pool( ILV AND ETH)

[shell pumice]

Thanks for that info.
Can one just buy ILV on Balancer and then just hold it, without staking? I am aware of the risks of holding your crypto assets in a hot wallet... 😊

[candid smelt]

https://tenor.com/view/im-basically-a-wizard-danny-docile-danny-docile-asmr-magic-witchcraft-gif-17597273

[runic hull]

Yes

[lunar hearth]

Hello Everyone

I'm very excited about this project and am looking forward to March 30th!

I hope I can become a Beta tester too!

[shell pumice]

Thanks for the reply.

[wheat shadow]

Hi, Is there any whitelist for this or only we need to buy from Public sale?

Thank you so much.

[fierce vine]

How's everyone doing today

[sage falcon]

What is the X axis time period on the graph that shows the $ILV distribution over time in the token economics blog post?It goes from 0 to 80, but what do those numbers represent?

[main leaf]

silent today

monday syndrome?

well hope this bullrun retires us and we dont have to work on mondays or any days anymore

[trail musk]

Working :/

[brisk pagoda]

it's fortnight so 80=160 weeks

[barren scaffold]

I think @sage falcon was talking about the distribution over time graph btw..

[lofty knoll]

Mornin

More like.. its 1 pm

Hahahhah

[fierce vine]

lol I'm PST

10 AM for me

[formal oar]

✋ CST, crushing my lunch burrito. 🌯 nom.

[lofty knoll]

Est gang

[sage falcon]

Gotta love when my brother calls me short notice to go help him screw down a roof haha.

[quick spindle]

CST yeee!

[sage falcon]

I gotta make a little loot for some ILV lol

[formal oar]

hopefully not due to bad weather?

[lofty knoll]

@inner topaz so the price would drop way faster if it last only 3 days right?

[quick spindle]

Afternoon y'all... about to take a little lunch break. Hope all is going well! Looks like there was a little vote about Balancer stuff yesterday that I missed?

[lofty knoll]

We will be playing a real flappy bird

With our wallets

[sage falcon]

No it's new construction. Not too bad.

[lofty knoll]

Gotta love roofing

[formal oar]

nice. make that monies.

[lofty knoll]

Nice sun

[formal oar]

I HATE roofing.

[sage falcon]

Anything for some extra crypto loot

[lofty knoll]

I love concrete

[sage falcon]

I despise manual labor
Grinding concrete dam rahlord concrete is not my favorite haha

[formal oar]

I love that other people love it.

then I dont have to.

[sage falcon]

Alright I'll catch you all on the flip side I hope everyone has a good day night whatever haha.

[formal oar]

byeeee

sooo what's the prep required for the next partnership airdrop 🧐 follow a youtube channel?

[lofty knoll]

Nobody knows at this point

[quick spindle]

Follow the ice cold numbers

Use the key

[formal oar]

well I'm f-ed then

[barren scaffold]

https://tenor.com/view/cray-lost-it-gone-mad-going-mad-stressed-gif-5502030

[quick spindle]

Hahah nah, you can disregard what I said. Just tossing out some old hints to a leak we already unveiled 😛

[formal oar]

lol, @barren scaffold understands.

I was talking about this: #💬〕general message

[barren scaffold]

I thought you might have been. Should be interesting. Specially if it's announced in the next couple of days ahead of token launch. Going to get crazy busy inna this place 🥳 🥳

[lofty knoll]

Yep

We will be copy pasting like there is no tomorrow

[formal oar]

poor mods.

you need better bots.

[quick spindle]

What does a Youtube partnership even entail?! I keep thinking the brothers are going to appear in another interview on Youtube... but this is much more than that, eh?

[formal oar]

My thought is a partnership with specific youtube creators.

[unkempt swan]

If BLBP starts at $400 and decays at what price you will ape 🦍
For those who don’t know BLBP it starts with high price and decays in price to reach certain weight

[quick spindle]

That's for me to know, and you to never find out 😄

[barren scaffold]

Big YouTubers are basically a brand. Their subscribers are their community. So it's prob a community partnership like the others I guess??

[unkempt swan]

I will get better deal than you don’t worry

[lofty knoll]

Savage hahha

My range is between 1 and 3$

[barren scaffold]

What you numbers you looking at bro?

[quick spindle]

😿

[fierce vine]

if it got that low I think the server would implode from the ape-ing.

[lofty knoll]

I have never seen BTC and ETH stuck in such a sideway shit in a long time wtf

[sage falcon]

ikr

[unkempt swan]

Last vc round around 3.5 -4

[lofty knoll]

Nothing happening

[lofty knoll]

Trolling hahaha

[undone onyx]

It could pretty easily be anywhere from 10-100 honestly, depends how hard fomoing is lol

[unkempt swan]

Yes

[undone onyx]

they have a smart design with the optional lock-in because it does tie a lot of collateral behind the token, and it likely won't just dip to the floor after the pool closes like some others

[unkempt swan]

Definitely above $10

I don’t even think we will be below $25 as per yield lockup’s

[barren scaffold]

Nobody sellin mate

[undone onyx]

yeah exactly

and so many are already locked

[formal oar]

Makes sense. Wonder which one(s) the target.

[undone onyx]

I am in a lot of crypto NFT game discord and this one has a huge activity compared to the others, so i'm keeping that in mind here too lol

[quick spindle]

Yeah-- I can see that. Maybe this would mean multiple videos published on that channel as well... whether it be interviews, trailers, new features incoming, etc.

But then again, we'd probably want an Illuvium YouTube channel for all of those videos... so perhaps not?

[last bolt]

7 days to go folks

[undone onyx]

did they end up deciding on stablecoin pair?

want to stock up now

right on, no stocking needed then

[formal oar]

There already is an Illluvium channel. https://www.youtube.com/channel/UCycUiFX_HsAhGb-UXfVsQVw

[undone onyx]

are you all seeing gas rates right now lmao

[fierce vine]

trader 278, lol....

[lofty knoll]

not bad

i wish it is not 500 when the price is good lol

[slender forge]

After Purchase you will have ILV on your wallet? Anybody know price and gas fee?

[lofty knoll]

Yes, no, around 100$ right now

[glacial field]

150-200$ to be more confident hehe ; p

its not a game for little wallets heh

defi costs

[slender forge]

Too high gas...

[lofty knoll]

Yes. Also people need to understand they DO NOT need the token to play

[undone onyx]

will there be methods to earn ILV in-game?

i.e. tournaments

[fierce vine]

Not a game for big wallets either lol. If you trade slow and have a lot of money then yeah whatever but scalpers have been scalped. You can still make money with enough volume but $150 a trade kills your day

[lofty knoll]

Yes

[glacial field]

Yes, but ILV in addition to ETH will be the main medium of exchange in the game and the entire ecosystem

[lofty knoll]

Ranked arena rewards mainly @undone onyx

[lofty knoll]

ILV no. ILV is only used outside of the game except for sILV

ETH is the in game currency

[glacial field]

that's what i meant xD

[sage falcon]

😦

[quick spindle]

Well... my theory might need to be tossed then 😅 But won't know until it's announced!

[thin ivy]

is there a date for release already?

[wooden isle]

think they were saying Q3 2021...not specific date

[undone onyx]

ty rah

[thin ivy]

oki

[slender vale]

Wow that’s pretty cool

eth being in game currency

[lofty knoll]

On L2 so there is no gas fee

[slender vale]

That’s really break boundaries love it

Well let’s see if eth can actually provide that

[lofty knoll]

The game provides it

It is built on Immutable X

[slender vale]

A lot of speculation about eth gas fees

[lofty knoll]

a l2 solution

[slender vale]

I’ll look into that now tbf I haven’t heard of that

But I know that gas fees aren’t going away and still working on l2 for eth as a whole aren’t they?

Like when you try and sell a nft will still have gas fees

[fierce vine]

Where's my Jquery people at? anyone here good with it? I have a quick question 😄

[lofty knoll]

There will be no gas fee in the game marketplace this is 100% sure

[slender vale]

Wow that’s a big statement

Game changer is this is true

Wicked

[fierce vine]

read up on IMX - Immutable X

[lofty knoll]

Exactly 😉

[slender vale]

Yeah I will do now

[fierce vine]

It's 100% required for BC games to succeed

you'll love it after you read

[undone onyx]

yep just look at the issues lost relics is having since they just relied on layer 1, or forcing axie to develop Ronin

[slender vale]

Sorry to ask guys im sure everyone does all the time, has there been any hints about new partnerships??

Yeah I played lost relics

And got some bc items

Okay game pretty standard arpg

But yeah ridiculous fees to sell on market place

Don’t know how they will keep people coming back to that game

[fierce vine]

I play it mainly to stock up once their market opens

[undone onyx]

they have no choice I think besides to develop a layer 2 solution as well

[fierce vine]

Been too busy lately though

[thin ivy]

anyone knows if we get to know whats the market cap after public sale? would nice to know

[lofty knoll]

L2 launching on enjin in first week of april

[slender vale]

Yeah I’ve got a few rares that about it

March 30th friend in balancer

[fierce vine]

4/6 let’s hope it works

My chests need to pay me back for what I’m putting into ilv lol

[lofty knoll]

But yea @slender vale IMX and Illuvium will be ground breaking. We will be able to actually trade stuff below gas fee value haha

Lowering the barrier of entry

More adoptions

[slender vale]

Anything about this, don’t wanna miss next airdrop lol

[lofty knoll]

Not really no

We got a picture with spiderman and the fantastic 4 but thats it

[white lotus]

its hard to catch everything that is going on with this game lol

so much happening so fast which is great

i tried to tell my friends this is the game for all the kids that didnt have the money then to be badass collectors, can now let their inner nerd rage shine

[lofty knoll]

good way to put it hahah

[white lotus]

dominate people with their wallets while enjoying classy polished graphics and a well developed ecosystem

thats how i see it

[lofty knoll]

And yes Ranked arena will be about skills

[white lotus]

i hope people dont get severely discouraged with all the talk about people wanting to whale it up and all that.

im sure this will certainly favor mass adoption over rewarding the largest stakers

too heavily

[lofty knoll]

it doesnt matter really for ranked. yes you could buy the best team but the meta is always going to change

[white lotus]

of course

[fierce vine]

Whale != skill

[lofty knoll]

time in game is more rewarded than money you spend

[white lotus]

just saying ive seen a lot of people talk about dropping Eth

and gas fees and all that junk

theres always a way in and a way to work up

just gotta hustle

looking forward to this game

[undone onyx]

yep same here

I think the ETH spending will mostly be 1) wagers and 2) spending to get between locations

[lofty knoll]

Finishing shards

[white lotus]

they already stated that canadians only have half the chance to get NFTs zaijal

[undone onyx]

dang it

[gloomy ibex]

The promotional NFTs that have been issued are artwork correct, or are they also in game?

[white lotus]

something about chainlinks randomness generator, id start there if you have a complaint

[zealous trellis]

i think that beeing a pokemon kind of thing of catching them

you have to catch a good illuvial if you want to make money out of it

besides having to look for it and win a fight against it

so people like me with a few hundred to invest

[lofty knoll]

Promotional NFTs are not usable in game no

[zealous trellis]

can get a lot out of it

playin

playing a lot

[gloomy ibex]

Thanks. I just wanted to make sure I wasn't missing something.

[white lotus]

there is a LOT of time to prepare for this game

if you dont have money today and want to invest, there will be an opportunity down the road as well

[gloomy ibex]

but that doesn't mean they will not introduce promotional NFTs that are in game assets, I am hoping

[lofty knoll]

There will be some that doesnt give any advantage

Like skins/badges/emotes

stuff like that

[candid smelt]

https://tenor.com/view/peeling-peeling-face-peeling-skin-peel-face-mask-gif-12085277

[weak axle]

Where is @umbral vine ? It’s been a while we heard from him?

[chilly iris]

hi

how can i get illuvium?

[barren scaffold]

Not sure, hopefully he's okay. I thought he was busy working on some stuff, but I'm sure he'll be back soon enough 💪

[barren scaffold]

Hey, welcome! The token launch is on 30th March. The launch will be with a bootstrapping pool on Balancer. Medium article with exact details is coming soon.

[chilly iris]

not enough information yet

[chilly iris]

When will the article arrive?

[barren scaffold]

Have you read the tokenomics article yet? https://illuvium.medium.com/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[rain ore]

Tokens that will remain locked for 12 months

[sterile ridge]

if we're able to swap stable coins for the balancer launch, what stable coin would it be in?

[chilly iris]

yes

[barren scaffold]

Balancer supports a bunch of stable coins. You can go on their platform at balancer.exchange and check it out. If the launch pool does change to stable coin, it'll be one of those.

[rain ore]

How to buy through balancer to buy on March 31

[fiery kraken]

Will anymore details be given about the LBP event? for example how often will the weights update? I read somewhere that weights update in first 0-5hrs every 30mins, 6-19hrs after launch every hour, 20-41hrs after launch every 2 hours, afterwards every 3 hours. But I cannot tell if this holds true to every LBP event? Thanks!

[scarlet ridge]

Hi guys

[fiery kraken]

Thanks

[lofty knoll]

Hi!

[barren scaffold]

You need an ETH wallet. A popular choice is MetaMask but you can check on Balancer to see all their supported wallets. It's on March 30th 😉

[fiery kraken]

Do we know what the exact start time is yet? For March 30th

[lofty knoll]

Not yet no. More details to come soon.

[fiery kraken]

Alright, thanks!

[livid tendon]

will be a whitelist , to buy this token on balance on that date ?

[lofty knoll]

No whitelist no KYC

This is decentralized and open to all

[prime forge]

Hey all, how's it going

Yeah if you look at a 1 day trend, but over a month trend this dip doesn't even look like much

Sometimes dips are better to normalize the market. You don't want a bubble and a crash

I don't have any money in eth right now, and going to have to purchase some for March 30,

So for a lot of us it may seem like a good thing, if we want to be buying ilu tokens

Yeah, but for the majority of this year they have been going in a crazy uphill trend

Just saw the announcement looks like we may be purchasing from a stable coin and not eth

[lofty knoll]

Lol eth..

https://tenor.com/view/skydiving-parachuting-here-comes-nothing-gif-8838063

[sage falcon]

rip

ETH is hitting the floor i hope it goes back up more

[earnest tundra]

this is why I need Iluvium to launch so I can put all my money into capturing Illuvials, then at least when ETH crashes I still have some beautiful Illuvials to keep me happy

[karmic lichen]

buy the dip!

[sage falcon]

lol this article says Bitcoin could plunge 90% into a 'winter' lasting years after another surge, crypto-exchange founder says if it's 300,000 meaning it would be 30k lol

who knows

[karmic lichen]

i just read an article that says crypto will have a winter coming ahead, but not after it goes to 300k first lol

reality, no body except ppl who hold like 50k+ bitcoin know where it is headed

[lofty knoll]

I would expect 150k

300k is pushing it a little bit on the cray cray side hahaha

[tired hazel]

You mean 3 weeks ago? Lol

It's done several 30% corrections this bull run. But yea, not in a single day.

300k would be extreme retail fomo at that point.

[idle belfry]

good evening from where we will buy the coin when it comes out?

[barren scaffold]

Token launch is taking place on Balancer on 30th March

[gentle sorrel]

Are we gonna be buying with USDT then?

[lofty knoll]

Seems like it is staying ETH

Kieran will announce more details in the next medium article

[gentle sorrel]

Stablecoin is winning by 200 or am I reading it wrong

[slender vale]

What about uk?

The randomness of getting nfts will this effect outside of USA

[lethal crest]

only problem is not everyone has the same stables in their exchange, but everyone has eth in their exchanges

Kieran was talkin about it in one of the channels here today

[gentle sorrel]

That’s definitely understandable, I’m just wondering what I should change my eth to if any lol

[lethal crest]

i'd bet it stays eth keep it there for now

[gentle sorrel]

Guess it’ll stay eth for now

[lethal crest]

especially with current gas

[gentle sorrel]

$120 for a uniswap transaction

[lofty knoll]

They are trolling.

[lethal crest]

i don't want to pay graphics card thieves this much, no tx's for me today

[gentle sorrel]

Miners are going to try to suck up every last penny before Uni v3, London and eth2

[slender vale]

I have been trolled

Rip men

[lofty knoll]

https://tenor.com/view/matt-le-blanc-matthew-perry-youve-been-bamboozled-david-schwimmer-bamboozled-gif-10384514

[slender vale]

Cool level 4

Hopefully can get into top 100

[fair moat]

Does rank mean anything in this server?

[earnest tundra]

So far I think it means your cool 😁 but I'm not aware of anything else (if someone else know then please chime in). Please use #👑〕bot-commands for future coolness checks

[undone onyx]

it has something to do with getting into the beta later I think

like your activity in the server gets measured

(although I don't think the #795444126421483520 does anything :D)

[slender vale]

Yh I will do

[fair moat]

Ah ok thanks guys

Anyone know how many people are getting into the beta btw

[lofty knoll]

No information on the beta is known yet guys

[karmic lichen]

@sage falcon that is my point. People with 10k+ btc can move the market, literally

[inner topaz]

Correct

[karmic lichen]

if btc crashes like you say, the whole market goes with it

Still the king

[inner topaz]

Much more

[inner topaz]

Regarding the token pair for the Balancer Sale.
In my IIP I have proposed ETH: ILV as I was not convinced by the vote that a single favoured stable coin would be preferred over ETH. I am not on the council, so I have no power over what they decide to do, but if they back my proposal and don't request changes then it will most likely be ETH:ILV. My advice is to wait until they have finished voting and they announce the result of the proposal before you start preparing for the sale and swapping your tokens around.

[quick cedar]

I’m gna go check out that interview now to learn a bit more about the brothers and the game

[quick spindle]

Ooh, enjoy 🙂

[quick cedar]

Thanks mate

[severe breach]

Blah..the sight of the market today makes me wanna sleep

[undone onyx]

thanks Kieran

[terse karma]

Good Evening

I heard that there might be some art involved in this game

[lofty knoll]

#🚰〕leaks

[terse karma]

Thanks

[idle terrace]

Will staking be available as soon as we purchase on the BLBP or will it begin after game launch?

[sage falcon]

Jeez Dupree really, BTC bear for years, 100 percent. I can barely tell you anything with that kind of confidence.

That's impressive.

[lofty knoll]

It is coming after in April. More information on the staking will come when it comes closer.

[idle terrace]

Thanks! Will a player be able to generate sILV in game or only by staking ILV purchased or generated in game?

My hope is to invest enough in ILV to generate enough sILV so that I don’t need to spend a ton of ETH just to progress. Obviously none of know what the heck that number would be currently lol.

[lofty knoll]

sILV are only available through staking

Doing so you forgo the ILV you would get as reward normally and they will never be minted thus reducing the total supply at the same time.

In game rewards are going to be ILV there is 1M token reserved for that

[idle terrace]

So ILV will be capped at 10,000,000 but sILV could theoretically be generated forever?

Or the total number of ILV+sILV created will be 10,000,000

[fair moat]

Who is buying ILV on 30th? And anyone waiting a day or two to see if price drops?

[idle terrace]

Okay, what happens to staking after 10,000,000 cap is reached.

[idle terrace]

I think I will try to buy 2-3 times throughout the event but gas fees make me sad lol.

[fair moat]

Gas fees make everyone sad 😦

[idle terrace]

I’ve read it like 10 times but I’m stupid so thank you for your patience lol.

[fair moat]

Where in the article does it talk about when the cap is reached and there is no supply left?

[idle terrace]

I don’t see anything about it. But staking does give u a % of the revenue stream. So maybe that’s what’s left after yield is finished.

[karmic lichen]

stupid question, what timezone they use UTC?

dump and move on to the next 🤣

/s

[fair moat]

Oh so the in game ETH spending is used to purchases ILV from Uniswap

[karmic lichen]

@blissful bay ty

what i was looking for

[idle terrace]

I don’t know. I’ve never been a part of one and I’ve been trading crypto less than 6 months lmao.

[lofty knoll]

From someplaces yes.

Might be PM. More info to come soon in the article

[fair moat]

So it will constantly be recirculated

Oh no pls no pm lol. UTC 3pm is 2am here

[idle terrace]

The sale will also last several days.

[karmic lichen]

i think its going to be in the morning UTC @fair moat

@idle terrace if no whales enter! 😄

[lofty knoll]

There is always people that are going to sell so the vault buys those ILV with eth from in game transactions and distribute it to the stakers. This happens when the game launch to .. forever?

[idle terrace]

From what I understand it should take an insane investment from whales to eat up all the supply.

[lofty knoll]

So after the 3 years the vault rewards is the staking and holding incentive

[karmic lichen]

🤔

[fair moat]

Would that constantly push the price up? Assuming the vault constantly buys regardless of price

[lofty knoll]

Coming down to 3 days probably

[lofty knoll]

Vault buys at market price so yes.

It is a nice flywheel mechanic

[karmic lichen]

staking also, it locks in for 12 months right?

[lofty knoll]

Designed so you never want to sell your ILV haha

[fair moat]

You get to choose how long to stake for when you buy at BLBP

[idle terrace]

You can decide how long to stake. Staking longer gives you a bigger yield

[lofty knoll]

You chose your staking duration. 12 months gives you double the weight so double the rewards

[karmic lichen]

whoa, i need re-read some shit

thought it was either 12 months lock up or use ingame

[fair moat]

Read article 9 about Tokenomics

[karmic lichen]

ty

[fair moat]

No thats from yield rewards

[karmic lichen]

Ahhhh

[fair moat]

ILV earned in game is automatically locked for 12 months

[karmic lichen]

nvm, i see my confusion

[fair moat]

But you can choose to forgo that lockup to get instant sILV(?) as in game currency

[idle terrace]

Bro I’ve read every article at least 5 times and I still find myself getting shit backwards lol.

[fair moat]

Same lmao

[karmic lichen]

lol

[lofty knoll]

I have it pretty nailed down so I can answer your questions about it

[fair moat]

Oh actually question about that, do we have to decide if we forgo that 12 months for in game currency straight away? Or can we choose to forgo at any point, even months later?

[karmic lichen]

good question

id like to know as well

[idle terrace]

Yeah that’s why I come in here and harass you poor people lol.

[fair moat]

Also would we have to forgo the entire amount? Or can we choose how much of it we want converted to in game?

[lofty knoll]

It will probably be each epoc

[fair moat]

Epoc?

[lofty knoll]

So I think it is every 2 weeks if I am not mistaken

[fair moat]

Ahh ok

[lofty knoll]

Might be one

As Ami said I do not think ILV earned in game will be locked.

[idle terrace]

That what I’m hoping for. I’d like to be an investor/player. So theoretically I’d like to invest and stake enough to generate enough sILV to not have to spend a lot of extra ETH on in-game purchases. But not sure how that’ll work out.

[lofty knoll]

The ILV you forgo is only the reward. Not your staked capital.

I think you chose one or the other

If you could do both you would pay twice the gas anyway so it would be your choice

[fair moat]

Yeah Im keen to play the crap out of the game and spend in game, but I also want to stake ILV. Not sure what ratio I want to go with

[lofty knoll]

Don't quote me on that this is speculation as this is not known for now.

More detailed information on staking will come after the IDO

[idle terrace]

No problem. I’m pretty set on the range of how much I want to invest so the staking portion can be figured out later.

[fair moat]

Anyone else staking BLBP until September when the game launches? Or everyone going 12 months?

[karmic lichen]

looks like stablecoins it is

[lofty knoll]

You do not chose the staking in the BLBP

[karmic lichen]

would really depend on the performance of Ilv during that time

[lofty knoll]

Those are 2 different things

[karmic lichen]

for me

[fair moat]

Staking available in April right?

[lofty knoll]

It is being debated by the council. They will decide.

[lofty knoll]

Yes.

[fair moat]

Yeah I meant to imply that I think lots of people will stake the ILV they buy from the BLBP

[karmic lichen]

@lofty knoll will we know a day in advance at least or can this be a last minute decision?

[lofty knoll]

They should yes haha

[fair moat]

And was wondering how long everyone was planning to stake for

[lofty knoll]

They are deciding then Kieran will finalize the article detailing how the Balancer launch will happen.

[karmic lichen]

@fair moat maybe once im crystal clear on whats going on, ill know how long 😄

@lofty knoll got it, thanks.

[idle terrace]

I think that’ll be personal for everyone. It’s riskier to stake longer since the price of the coin could plunge. Just depends on how much faith you have in the project.

[lofty knoll]

This is all personal preferences. I am personally staking for at least 4 to 5 years.

[fair moat]

Im so keen though. Is there any way to increase chances of getting into the Beta?

[lofty knoll]

Staking through the bear winter and everything else.

[karmic lichen]

This ^

[lofty knoll]

Nothing on the beta is known no.

[idle terrace]

Pokémon could announce an nft mmo in 6 months and that could scare investors. You just gotta find your own risk tolerance. Not an easy decision in any investment.

[lofty knoll]

Exactly.

Everyone is different

[idle terrace]

Thankfully a lot the seed investors are locked in for 2 years so the volatility shouldn’t be as bad early on.

Or all of them rather as far as I know.

My personal opinion is that Pokémon/Nintendo will be about 10 years late to the NFT craze because they’re generally late to everything that’s not their own idea. But it doesn’t mean competition won’t come from somewhere else.

[brisk pagoda]

are they not using the council discord channels then?

[lofty knoll]

Not that I know of no.

[fair moat]

Wait is there an option to stake 5 years?? Or would it be 5 12 month increments?

[idle terrace]

Increments

[lofty knoll]

The trick is to build a strong player base and have good game development as time goes on and I am not worried by the team here

[lofty knoll]

12 month is the max

[idle terrace]

Exactly. The cream will rise to the top. There’s not enough known here yet for me to go all in but again that’s my own personal risk tolerance.

[fair moat]

Are council members setting the price of ILV on the 30th?

[lofty knoll]

Kieran would be the one to decide that.

The council votes on proposition.

They do not decide what is what.

You have to propose a change to something existing.

[inner topaz]

The council will decide that also. A discussion will take place in the council chambers prior to launch

[lofty knoll]

Decentralization kicking into action I like it!

[inner topaz]

Yeah I don't decide anything anymore. I'm just a guy

[lofty knoll]

Hello guy.

[fair moat]

Would a lower starting price be better to grab the attention of people not already invested in the project? As the price would be likely to go up more?

[lofty knoll]

I'll print you one

[fair moat]

Whereas if it starts higher and drops people won't pay too much attention to it?

[lofty knoll]

We will have enough attention trust me hahah

The IDO date is everywhere on the internet

[inner topaz]

I have put a recommended price in, but it will ultimately be up to the council to decide.

[fair moat]

I guess the biggest limitation is the amount of coins. With other altcoins they have way more coins and they're all available early

Sorry if it's in an article and I've missed it, but is there a cap on how many ILV someone can buy on 30th?

[inner topaz]

Still impossible

[plain delta]

Based on my napkin calculation someone would have to spend about 900 trillion to buy them all at the start.

[lofty knoll]

Pocket change

I'll call the FED

[fair moat]

Oh yeah, what is weighting? What's it's purpose and how does it work?

[plain delta]

in a normal pool the weight is always 50:50

Which means the value of the pair is always equal. If there is more of one coin, it is worth less.

In this one the weight will start out high. meaning that the price of ILV will be pretty juicy

Then it will go down over time

The reason is so that people don't just buy it all up cheap at the start and then dump it.

[fair moat]

So a weight of 2:98 at the beginning of the BLBP means ILV will be x49 more expensive than at a 50:50?

[chrome topaz]

if i know anything about hype couldnt we see it litterally never getting low and people just buying it at a high price

[plain delta]

That is theoretically possible. There have been balancer sales with hype that end up going above the starting price. But at least with those sales there is always that downwards pressure rather than it spiking 30x in 20 seconds.

So even if it pumps, it won't be as drastic as other, less fair launches.

[idle terrace]

It’s also important to note that illuviums balancer event will use linear downward pressure over time, not exponential.

[plain delta]

But I legit have no idea about what is going to happen. I don't know the starting price, I don't know how much people are interested in the project.

[fair moat]

What does that mean in comparison to projects that are exponential?

Will it go down faster?

[idle terrace]

I think a good starting point for people would be estimate what you think the project is worth, divide that by 10,000,000 (the total amount of coins) and try to find that price during the sale.

[fair moat]

Its worth at least tree fiddy

[idle terrace]

So if u think this project is worth $10,000,000 try to get it for $1 per ILV or less. But obviously 10,000,000 is the fully diluted amount of coins and there’s staking etc. but like I said, it’s a place to start lol

[idle terrace]

Yes initially it’d go down very fast then slow down towards the end. Varying on the amount of buying pressure.

[fair moat]

Will there be a queue on buying from Balancer? Or is it whoever mashes the "Trade" button the hardest?

And will there be a real time tracker of how many tokens are left?

[idle terrace]

https://medium.com/balancer-protocol/balancer-facilitates-record-high-liquidity-bootstrapping-pool-for-hydradx-f08b6b0a3aee

This is an article from a recent balancer sale. It can give you some idea of what might happen with illuviums sale.

[plain delta]

Because of the way ratios work, a linear weight change results in exactly this. It will go down faster at the start than at the end.

[plain delta]

The only issue with this is that the max supply will actually not be 10m. It will be somewhere between 7 - 10m.

[fair moat]

Why is there a potential 3 mil gap?

Oops let me reread

[plain delta]

One thing that we will be mentioning in our write up of balancer sales is that a lot of people choose low slippage and low gas fees. The low gas fees make their transaction take more time, and the low slippage means that the transaction fails. For people who want to minimise that risk they would choose higher gas fees and allow for more slippage.

[fair moat]

Oh the ILV replaced by sILV will never be minted

[plain delta]

Correct.

[fair moat]

So if we choose sILV it will literally replace the ILV, the ILV wont go to the vault or go somewhere else? It just doesnt exist anymore?

[plain delta]

Yes. Otherwise that would inflating things.

[fair moat]

Ok, that makes sense, thanks

[lofty knoll]

Really important.

[fair moat]

I read about that in your article Rahlord 🙂
High gas means transaction goes faster, if slippage is too low the price might change too fast and your transaction wont go through, but the gas fee will still get paid for nothing

[plain delta]

Just be aware of it.

[fair moat]

Is the difference between $ILV and "$ILV/ETH" just that the second one can only be traded with with Etherum?

So once it starts trading on exchanges it will just generally be $ILV?

[lofty knoll]

Good night everyone! I'll catch up tomorrow

[idle terrace]

Right but at least it gives you a ballpark so you’re not buying for 50 or 100x what u think it’s worth. I’m personally having a hard time valuing this project’s potential thus far tho lol. And I mean that as a compliment.

[fair moat]

If you dont mind me asking, what are you valuing it currently?

[brisk pagoda]

ILV/ETH refers to the liquidity pool so in this case yes you can only swap ETH and ILV. They are separate tokens ofc

[idle terrace]

I do mind, I’m not a financial advisor! But honestly I’m really not sure. I’ve been changing my mind almost daily on how much to invest and what price. You could look up the market cap of the coins for current crypto games and that might give you a place to start.

[fair moat]

Ok no problem Rawkus, thanks 🙂

[candid smelt]

Morning all

[sage falcon]

hello team when is ur private or seed sale

means public ?

[karmic lichen]

yes

[sage falcon]

Morning evening haha. I seen ur American Psycho reference earlier.......funny stuff.

Really excited for this game! Looks amazing 😁

Hey ami, u doing good?

[candid smelt]

Morning Under G

[karmic lichen]

@blissful bay what you studying? Related to ILV or just in general?

[candid smelt]

https://tenor.com/view/shaquille-o-neal-excited-shaking-gif-14605837

[karmic lichen]

Nice

im just jumping around discords making sure im not missing anything lol

feels like a job sometimes

[opal matrix]

Hi everybody, just checking in

[sage falcon]

Lmao

Gotta check in

Must check in haha

[opal matrix]

Yeah lol these things move so fast

[sage falcon]

Yeah and there's not enough Time in the day

My brother was showing me his Zed horses today

[opal matrix]

Agreed. I had to implement a "discord" time into my day 😂

[versed hollow]

hi

[raven idol]

hi do we have a way to convert the preILV?

[fair moat]

I believe it will convert automatically at a later date

[raven idol]

thanks

[candid smelt]

so 100$ for ILV$

Will there be an indication how much points one NFT will be?

[pale belfry]

How can I parcitipate in the ICO for ILV

[gloomy ibex]

#🔗〕helpful-links

[flint hatch]

Can't vote! Vote function debug @inner topaz

[plain delta]

I can't vote either. It's gotta be a bug. 😉

[gaunt wadi]

1 million points

[plain delta]

If I can learn it, anyone can.

The ILV / ETH pool liquidity pool will go live at some other time so this event is just to get ILV in the hands of the peeps. All the stuff relating to locking, staking, etc... that will happen later.

[west thunder]

@sage falcon

[plain delta]

This would end very badly for them if it goes live during the sale. If you know anyone who is thinking of doing that please warn them against it.

[hallow dirge]

The interview is great, very comprehensive breakdown of the game and the $ILV / ILV tokens

[fair moat]

Where can I find the interview?

[hallow dirge]

@fair moat https://www.youtube.com/watch?v=vEjYa_fqC78

I've watched it like 4 times now

[fair moat]

ty ❤️

[hallow dirge]

no prob fellow tendy (what we call goalies haha)

[plain delta]

Maybe they are a chicken type of tendy?

[hallow dirge]

@plain delta I'm a gambling man and I think your odds are much higher lol ... I don't think I know any other hockey goalies in this space 🤣

[red geyser]

Gotta be. His profile pic IS a chicken 🐓

[inner topaz]

lol

[hallow dirge]

The first time I get to play this immaculate game, I'm wearing my Team Australia hockey jersey 😄

Or maybe I'll wear it on the 30th for some good mojo

[fierce vine]

I dont believe in mojo

I'll just make sacrifices to cthulu, his will be done.

[lofty fox]

hehe hell yeah... but dont take all the mojo.. i needs a lil bit too.. bahaha

[hallow dirge]

@lofty fox lol u got it

[strong terrace]

Goood morning boys :) and girls :) whasuuuuuuup !

[hallow dirge]

Hi @strong terrace !

[radiant hull]

am i understanding it right? $100 for 1 $ILV? or?

[hybrid finch]

Is there going to be more IDO info before drop?

[slim sonnet]

Where did you hear that? Seems REALLY high, is a low supply though so who knows.

[red geyser]

Here #📯〕council-chambers message

[fair moat]

This is the proposed BLBP but if the council members think something should be changed they can vote on it

Assuming its $100 USD btw

[red geyser]

True. We await the council’s decision.

[hybrid finch]

you know and cant share or its public info?

[red geyser]

Speaking of...

[slim sonnet]

Holy smokes, thank you.

[red geyser]

$100 is lower than I expected too. But only because I’m a bit of a pessimist. And expect things to be more than I can afford. 😂

[hallow dirge]

Pretty exciting!!! I was thinking like $500 or more LOL

But I have very little context (I'm a noob)

[red geyser]

Same

[red geyser]

Same

[hybrid finch]

ah yes the low price of 1B evaluation

[red geyser]

https://tenor.com/view/same-gif-8650049

[hallow dirge]

https://tenor.com/view/power-rangers-got-your-back-hand-shake-lets-go-gif-6004263

[red geyser]

But it’s setup to drop. @plain delta has stated that the price should lower to the actual perceived market price during that 72 hours.

[radiant hull]

in #illuvinati we trust. hope to get lower price though

[hybrid finch]

he understands human psychology people will fomo in and it wont drop dont be naive

[slim sonnet]

This structure is completely new to me, what are the thoughts of ILV price say 2 years from now assuming all goes exceptionally well?

or is the value more in the staking rewards?

[red geyser]

I believe that’s Only if people are constantly buying until the 1m are gone.

[candid smelt]

Anyways it will be rocket up no matter what starting price, but the lower the price would start the harder it would go up i have a feeling

https://tenor.com/view/flight-fly-flying-adultswim-cartoonnetwork-gif-5654463

[brisk pagoda]

just vote it down and set higher lmao

[radiant hull]

i wanna know too how balancer works

[slim sonnet]

Got any good vids @blissful bay?

[pale gust]

So it was confirmed $100 each ILV on March 30?

[hallow dirge]

I feel like just witnessing everything on the 30th will be an unreal learning experience ... just excited to see how it all goes down!!

[pale gust]

Isn’t $100 steep price for ido?

[snow fable]

What about the liquidity of the pool?

[red geyser]

Wait isn’t $100 x 1million still just 100mill? Not quite 1B

[snow fable]

Will it be USDC or ETH?

I wasn’t mention in the proposal

[hybrid finch]

how many balancer IDOs have you participated in?

[red geyser]

Eth

[hybrid finch]

ILV total supply is 10M tokens

[pale gust]

I was stoked about this but If the ico is $100 a ILV I’m out

[red geyser]

With up to 3m burnable.

[gloomy ibex]

$100 starting value

[slim sonnet]

Isn't there only 3MM total circulating possible?

[hybrid finch]

all people here who think the price will be chilling below 100$ will have a bad time

[red geyser]

How can you count the other 9M in the market cap if it’s not on the market?

Not in circulation.

[inner topaz]

BLP's are designed to start high and fall in price. Similar to a dutch auction. So if no buys it will drop in price until people deem it fair market price.

[hybrid finch]

yeah as if fomo and greed will let that happen

cmon Kieran 😄

[gloomy ibex]

If you think it's worth $100 then buy it at start

[pale gust]

So don’t jump and buy the ILV right away? It’s best to wait for a drop?

[gloomy ibex]

even if people jump at that price, unless they buy the whole supply, it will drop because those who are not buying think it is worth less

[inner topaz]

Every Bal sale I have participated in I have waited until the price has dropped. I agree, the hype is huge, nothing we can do about that, all we can do is trust the mechanics. This way will ensure there are no bots buying at the start which would just pump the price anyway

Thats if my proposal goes through, again, I don't decide that. I just wrote an IIP

[slim sonnet]

have you ever seen one take off and never go below starting price?

[inner topaz]

Not that I can remember. Usually at the start there is a big spike. But I don't know, I can't give you advice on this, I can only explain the mechanism and my thought process of proposing the price be high to ensure bots don't front-run

[hybrid finch]

thats fair

[slim sonnet]

Appreciate that, not looking for advice, was just curious what your experience was. Going to watch some vids to understand better. It seems hard to believe 1mm would sell out immediately and never dip but who knows, anythings possible. I need to understand the long term benefits better really.

[hybrid finch]

i think people can sell back into the pool right?

[inner topaz]

Once the council votes, one of the contributors will write up the plan moving forward.

[slim sonnet]

Also REALLY looking forward to getting some of those NFTS!

[inner topaz]

Correct

[slim sonnet]

So basically I won't be sleeping for 3 days, lol

[hybrid finch]

there will be people trading back and forth probably

[inner topaz]

I'm going on 30 over here, its gonna be a savage week

[slim sonnet]

brutal! I haven't done runs like that since medic school, one more quick stint won't hurt 🙂

[candid smelt]

Us Dutchies always have great ideas

[snow fable]

Do we know the minimum price that ILV could reach if no one buys a single token in the 72h?

Just to get an idea on when to buy

if we get the chance to buy lower than at 100$

[slim sonnet]

I would think $0

[snow fable]

I don't think so

it's linear usually

and tokens still have a price

[gloomy ibex]

really need to determine YOUR price

[snow fable]

yes, but its easier to do so if you know the floor

[red geyser]

I find I’m a bit of an under informed bear and I definitely appreciate clarifying discussion.

[gloomy ibex]

and then if it dos not get to there, decide if buying at higher price

[snow fable]

Since preILV will be converted after the sale ends the only down pressure is gonna be the one provided by the pool itself

that's why I want to be at which pace will the price move down if noone buys

[inner topaz]

about $5

[red geyser]

The 96:4 to 50:50 should give you some idea of what it would look like if no one purchased. But that math is too much for me tonight.

[hallow dirge]

You guys are grinding it out, awesome to see the effort going into all of this ... makes my head spin

[raven echo]

$4.20?

[snow fable]

fair enough, thanks

[snow fable]

sure, this will do

[inner topaz]

lol, if you are rounding then yeah, actually

[raven echo]

Just take my money

[red geyser]

https://tenor.com/view/420-weed-gif-4612402

[lofty fox]

haha

[red geyser]

Thanks for getting things rolling @blissful bay #📯〕council-chambers message

[plain delta]

MAX theoretical total supply is 10m. There are 3m tokens that are set for yield farming that might be converted to sILV. As such the lowest the supply can be is 7m. If you assume half of people will take their yield as in game rewards so that they can buy stuff right away, then total supply will be 8.5m.

Circulating supply after the sale will be 1m plus some extra depending on seed investors who have the option to LP and lock their LP tokens for 12 months + 12. So the circulating supply is unknown, but only a small percentage of the total.

[strong terrace]

My live is over ... On the 30th i must work hole day from 6 in the morning until 8 in the evening, i cant stare on the ballancer graph .... God damn it DAMNNNNN . I must take a look how i bring it to work so i can do it per mobile :) then i look all 10 minutes on it in a hidden corner xD when someone know how it work good with mobile then please pm me

[graceful belfry]

guys for the balancer sale, are we going to run into the same bot problems most new projects ran into? (DDOSing, bots front-running then dumping, etc.)
https://twitter.com/dcfgod/status/1374173785125920771?s=20

DCF GOD (@dcfgod)

Gotta respect these bots, literally 30s before the $OHM contract was pasted $250k was snagged

Now worth ~$1.7M

Twitter · Mar 23, 2021, 1:38 AM

same thing happened with anchor protocol but luna devs delayed by 40+ minutes to feed the front-running bots fake tokens

[strong terrace]

Planned !

I take the biggest sh1t in hole history at work, call guinnes records please

[plain delta]

Nice pun.

[pale gust]

So is the price starting at $100 strictly to prevent bots from pumping it?

[candid smelt]

lol

[candid smelt]

https://tenor.com/view/family-guy-peter-griffin-bathroom-run-hurry-gif-15063908

Heiler on his way to the restroom to make it realistic

[pale gust]

Is there any word on the next Illuvium airdrop for discord users?

[inner topaz]

Soon

[pale gust]

How will I get notified? In announcement channel?

[inner topaz]

Yeah

There have been many clues already

[pale gust]

Ok thanks!

[marble oyster]

now i have to find all partnerships that could have to do something with soon, keeps me busy

[last bolt]

$100 per ILV? Thats a steal!

Could easily 4-6x after the IDO

[idle terrace]

Too rich my blood personally. Would need to see more before a valuation like that made sense to me. Would like to know how much ILV was given out during the 5 million dollar fundraiser lol.

Is all the seed and preseed ILV 100% locked for 12 months?

[inner topaz]

Pre, Seed, and core contributors are locked for 12 months, and then linearly vested over a further 12 months

[rancid trout]

How long is the public sale again?

Thank you!

[idle terrace]

Has that 12 months started or will that start when the rest of us can choose that option and stake?

[snow fable]

ALso @inner topaz when will we have detailed information regarding the NFTs resulting from the initial sale?

Will we know the chances to get one, how to redeem them if we are lucky enough...

Thanks for answering questions all day long

hahaahha

[lofty fox]

haha oohhh.. clues... dang... things always seem to fly right over my head.. hahahaha

[inner topaz]

From ILV genesis

[idle terrace]

Sorry I’m not familiar with the term.

Ah so around April?

[inner topaz]

technically from the 22nd of March

[idle terrace]

Got it thanks!

[olive idol]

@inner topaz Dear admiin,I think here need a chinese moderator，I come form china and have did moderator for many Blackchain project discord moderator,may I have a chance be llluvium chinese channel moderator？

[radiant hull]

does everyone who participated in public sale guaranteed an nft? if details to this is already available can someone share it to me?

[plain delta]

@marsh river Could you assist?

[lofty fox]

is it how much eth in equivalent to usd spent?... or what am i missing here??.. hahaha

[stray gorge]

I'm also interested in helping build Chinese community

[lean vigil]

hi guys ..IDO on what day?

have whtlelist?

LBP?

LBP?

[vocal girder]

Hi, I'm trying to vote but it's showing me 0 voting power. I did have some pre-ILV and voted for the previous snapshot?

[lean vigil]

Oh I see ,thx

[candid smelt]

https://tenor.com/view/coins-vs-tokens-gif-20183423

[lean vigil]

South ParK😆

[vocal girder]

I see. Ops my bad.

Thanks for clarifying. Do you have the pre-ILV token address btw?

[exotic stratus]

wahooooo

[candid smelt]

Good old wow looks like westland

[vocal girder]

Thank you!

[candid smelt]

is there a way how we can prevent people sending eth to the wrong address

[marsh river]

hello buddy, we already have a Chinese moderator but lets get you in there helping, can you please DM me?

[wind forge]

Question, so the thing that is taking place right now according to governance-proposals is vote for BLBP? So at 30th of March we will be able to invest in to ILV?

[candid smelt]

anti scammer i mean

[wind forge]

Or we can invest in to it right now already?

[candid smelt]

You know how people are

https://tenor.com/view/buzz-lightyear-no-sign-of-intelligent-life-dumb-toy-story-gif-11489315

hahaha

https://tenor.com/view/edgar-mib-men-in-black-meat-suit-bug-guy-gif-10763878

[strong terrace]

Hahahaa boritoooooo!

[barren scaffold]

Toxoplasma 🧛‍♂️

[strong terrace]

So i use my holy moly allmighty future lopking telescope , i buy ilv at 1.70 😂 😂 😂 😂

[formal kettle]

Can someone pls explain what I’m missing here: $100 per ILV and 10,000,000 total ILV to be issued implies that Illuvium is valued at $1Bn before it has launched anything. That sort of valuation makes dot com bubble start-ups look undervalued in comparison. I like this community and concept but is there truly long term value to be unlocked for early investors?

Good for Illuvium team and early seed investors to bank in on irrationally exuberant market. Not good for early community. That’s my conclusion until some kind soul can educate me on why it’s a no brainer to invest

[dim isle]

Also considering they raised 5mil in a seed round https://illuvium.medium.com/13-illuvium-closes-5m-seed-round-from-leading-venture-capital-firms-a6076ef45f62

[marble oyster]

$100 will be the starting price, if nobody buys at that price, it will go down

[dim isle]

$10 seems fairer

100mil market cap

room to grow then 10x

otherwise start at 100? valued at 1 bil? makes it a top 30-50 coin on day 1

valued more than MATIC on day 1?

I think $10 a coin, market cap 100mil (very high already)

[formal kettle]

Yeah, the problem is that people will buy at $100 because DeFi markets is currently irrational.
That’s a long term problem for Illuvium because the community is linked to the value they unlock - think of wealth created for early communities at SNX, Aave, Comp etc and how strong their communities have become. The same won’t happen for Illuvium long term. It’s a blessing and a curse for Illuvium to raise at a ridiculous valuation. Community is the only thing which gives these things sustainable value long term

[dim isle]

Yeah, if they launch at 1bil valuation, then high barrier of entry for the community, and if all of the dev/investor tokens are locked up, i can't see it maintaining a 1bil valuation long enough for them to cash out,

especially if the NFT bubble is going to burst sometime this year,

Whereas starting smaller = lower barrier of entry = better for community = more people think "i can get in easily and have more upside = better long term growth = so when all locked tokens are unlocked, investors and devs can have better chance to cash out at a healthy price

[formal kettle]

FDV matters. It is how you can derive a valuation as a long term investor (well more like medium term). Unless you’re not diluting as tokens emit, it’s more important than tokens in circulation

[dim isle]

fully diluted:

AnrkeyX is 63mil
chaingames is 443 mil
Gala is 639 mil
Sand 1.6 bil
Decentralland is 2bil

I don't see how Illuvium can be valued at 1bil FDV from the get go, compared to all of these games above, maybe with 2-3 months of launch tho when everyone is playing

All I'm really trying to say, is that it shouldn't be $100 a coin...it should be $10, so that way us early community members can get more tokens....let it 10x in 2-3 months so we all win 😆

[blissful hinge]

Agreed.. It's the biggest and more promising title so far. Anything less than $100 would be a steal at this point

[formal kettle]

Yeah Illuvium team can’t really do anything about an irrational market. It’s going to hit $1Bn regardless of what’s realistic. I do think that if they start at a lower price then people will use that as a water point and the irrational exuberance will be dampened a bit more

[hallow shard]

where is the tokenomic and LBP page for illuvium？

[scarlet surge]

😂

[lofty fox]

there is 1 mill going into the launch... if im not mistaken.

[scarlet surge]

1 mil yes

[blissful hinge]

Alice went to 6b fully diluted market cap on first day of binance listing at one point. Looking forward to see how market reacts to ILV 🤣

[main leaf]

NFT points thing is disappointing. even more valuable NFTs for big buyers

[lofty fox]

and more to be released at a later date.. thru other avenues to buy... such as sushi or whatnot.. so it is not possible to "sell out".. in this initial launch.

[candid smelt]

https://tenor.com/view/damn-auction-auctioneer-break-wreck-gif-12896099

[gray mist]

I’d never understood how balancer IDO’s worked until looking into illuvium. I think it’s a great idea! Nice not to have to worry about whitelisting either

And heck yea bonus nfts! What’s to whinge about?

[lofty fox]

im just trying to let everyone who is worried about "missing out".. there will be more available to buy at a later date.. this is just the begining.

[hallow shard]

The pre seed round amount is 500000，what does 500000mean，500000usd or 500000coins？

so what is the price？

isn't the fundraiser is closed and the investment amount is fixed？

i want to know the price of pre seed round and other rounds

[foggy needle]

Hello

How are we all today/tonight

I good just having a hard time geting to sleep thought I’ll pop in and say hi

Aaron must be writing something big taking a minute 😁

[plain delta]

But it wouldn't be 'we all win'. All the people that buy AFTER you would have to pay more than you. So really, you should sell it to them for the same price you bought it, that way THEY can win. 😉

I'm of course being facetious but it still underlines an important point.

The Illuvium Protocol is the only token that distributes 100% of the revenues back to the stakers. Other large blockchain games out there offer somewhere between "nothing" and "10%".

My Neighbor Alice is 1.1B fully diluted. You are suggesting Illuvium should be 11x smaller than them, even though the scheduled release date is after Illuvium. They are finishing their 'DeFi' element in July. Illuvium is done.

I like the idea behind Alice. It looks cool. And there is plenty of room in the space.

The fact is that those who undervalue any project in a balancer sale will end up with no tokens. And that's fine. Everyone has a risk profile. If you enjoy the game it might not worry you too much if you don't have any ILV.

[idle terrace]

Will it be disclosed before the 30th.

[formal kettle]

What about removing things from the irrationality of crypto and comparing valuation to centralized gaming companies. $1Bn pre-MVP valuation surely introduces a risk for longer term community strength of ILV when valuations normalize

[foggy needle]

I’m lost in this conversation

[barren scaffold]

Where can I buy stocks in a gaming company that funnels 100% of profits back to me?

[formal kettle]

Dividends are that

[barren scaffold]

Yea...

[formal kettle]

If you invest beyond a 2 yr horizon then this should be obvious

[idle terrace]

The price entry might be so high that your ROI may be negligible.

[barren scaffold]

Where would the marketcap be if the game is successful and 100ks of people play this game everyday?

[formal kettle]

Listen I’m not trying to dampen enthusiasm. Just trying to base things in reality versus how start-ups are valued in the world. I’m out of this convo! I’m not going to be that FUD guy

[barren scaffold]

I welcome your questions FWIW mate.. 🤗

[idle terrace]

Well hearthstone did about 400million per year when it was most successful. Play with the numbers to see how much you would get based off the market cap and what % of that market cap you can afford to own.

[barren scaffold]

I'm also figuring this out and I enjoy understanding everyone's perspective

[idle terrace]

And it would an insane accomplishment for this game to generate those type of numbers btw.

[foggy needle]

I’m trying to understand any of this but I can’t lmao

[idle terrace]

I definitely am concerned that 30+ percent of the total coins are already accounted for and as far as the public knows it only took 5 million to get there. I don’t like being the fud either but it’s got me hesitant for sure.

[slim sonnet]

It’s all new to me too. There’s some good videos on YouTube that help explain it all in detail.

[idle terrace]

I understand it is unlikely to be 100. But even 30-40 seems high with what’s been released so far.