💬〕general

[slim sonnet]

That's some crucial info, thank you!! There goes that plan. lol

[lofty knoll]

Ho lol. He can buy it then x)

[lofty knoll]

You gotta keep on top haha I know it is hard

[slim sonnet]

I'm honestly more interested in the number of NFTs I'm able to get that the buy in price

With GU, my "free" NFTs are worth more than 99% of the cards I bought

So I've learned quite a bit about these liquidity pools, balancer etc but what I don't understand yet is how holding these is going to make money in the long run, token value can go up but are we also earning a percentage of the money made by the game itself by staking ILV?

[lofty knoll]

You got it yea

A % of every transaction goes to the vault in ETH

[slim sonnet]

holy crap, and the percentage is based on what?

[lofty knoll]

The vault buys ILV off the market and distribute it to the stakers

[slim sonnet]

Ok so that's only if you're staking in the ILV/ETH pool?

[lofty knoll]

Both pools

That's the main incentive after staking will be over

[slim sonnet]

so if the game earns $1B then that is all distributed to the potentially 3MM stakers?

holy shit

lol

[lofty knoll]

We got one

Yeeaaah

https://tenor.com/view/mind-blown-gif-11131691

Once you piece the puzzle together.. you will never sell hahah

[slim sonnet]

100% this, it really is one of those, nah, that's, no, nope, can't be that, ok I really don't get this, lol

Thank you! I've been watching tons of youtube videos and reading as much as I can

[lofty knoll]

https://tenor.com/view/good-man-bran-bran-stark-game-of-thrones-good-man-gif-14175041

[inner topaz]

Few

[slim sonnet]

I'm SO excited about this game and I've never even played one of these before, the same was true for GU, I always thought TCGs were for smelly basement dwelling losers and was the worst game ever made, now I'm completely obsessed and trying to get on a pro team, lol

[lofty knoll]

It is all about that blockchain ownership

It is exciting

To truly own your shit

[slim sonnet]

The total and circulating supply is outstanding. The more I learn about this project the more I'm impressed and love it even more.

[lofty knoll]

So many games I wish I could cash out lol

[slim sonnet]

When I first got into crypto, not having a lot of money. XRP sounded like a score! wow, working with the world banking system, it's only .17 and 100B supply but it's going to be huge, ugh. didn't do my research and THANK GOD for GU, they saved my ass.

I sold it all and bought in and never looked back.

and actually my Axie money is paying for my ILV, I thought that was poetic, lol

[spark siren]

I'm new to the crypto world so I would like to know if my thoughts in the process are correct, so plz help me out
1-Get eth/stable coin from exchange
2-Move it to wallet and link it to balancer
3- swap those for ilv when you find the right range of price
4- bring those ilv to uniswap
5- start the yield farm

[lofty knoll]

Gotta wait on that 4th step

But yes you got it

Don't move your ILV until you claimed your NFTs

Yield farm is coming on in April so you will have them chilling in your wallet for some days

[spark siren]

Yeah, thx a lot

The best wallet for defi is metamask right?

[lofty knoll]

Most easy one yes

[spark siren]

💪 👍

[lofty knoll]

Pretty good for someone new to crypto I must say

[spark siren]

Just needed to read the tokenomic a few times to get it, and seeing that a few ppl said that the fees were around to 70$ to get it

[lofty knoll]

So proud

[slim sonnet]

by the people for the people, it's like America being reborn without all the assholes, lol. I always pictured it being a physical entity but nope.

[lofty knoll]

@spark siren Are you a first living proof that Illuvium is onboarding normie gamers? 😄

Or were you in crypto before Illuvium

[spark siren]

I started like 2w ago on crypto, a friend told me about a game like fantasy football that was based in nft so we tried it out, but the price for everything were already too high so at least for me was a fail, and decided to do some research on other games that didn't already started so that I could invest in time

[lofty knoll]

Welcome to the crypto world! Where monay never sleeps. (So do I... try to)

Speaking of which.. 6 am. Let's call it a night hahah

[spark siren]

Lol

[lofty knoll]

Kieran loves to flame me because I sleep

Such a normie think to do right

[inner topaz]

Lol

[slim sonnet]

Sleep is for the weak, until you get old like me. I still remember trying to do my clinical rotations in the ER and working full time, I almost killed a patient, that's when I realized it was time to get some sleep, lol

[inner topaz]

Enjoy

[inner topaz]

Lmfao.

That’s so heavy

[slim sonnet]

Oh man, that was the biggest wake up call I ever had, I switched charts and realized it just in time. Told my preceptor that was it, I had to be more responsible. They push you to death though.

about 20 years ago, I was going through Medic school trying to get on the fire department but ended up starting up my own business instead.

I'm old now, I quit gaming years ago, got into crypto for the investment and GU came along, now I'm a gamer again. My wife HATED it, until I sold 23 Axie items for a stupid amount and showed her what some of GU stuff was worth, now it's not my "stupid game" anymore, haha.

Yes!! Now she's even getting into it which is AWESOME, she's signing up for a GU account and going to get into doing NFTs, she's a crazy good chef so we're doing a project with that and she'll be getting into Illuvium as well. Getting her set up on discord and the whole 9 yards, I'll introduce her after she's all set up, you guys will love her.

It's always amazing when you find things to be passionate about together.

[lofty knoll]

I wish. Maybe later in life hahah

For now she still finds my love for this game childish

[slim sonnet]

Yeah, it's so hard to get people to understand the love of gaming if they're not gamers

I recently went on a field trip with my oldest daughter to the Rosicrucian Museum and learned what hardcore gamers the Egyptians were with Senet, they can't even find the rules to the game because it was passed on through generations and they also believed that your afterlife depended in part on how good of a gamer you were, I was blown away, lol

My mom is 84 and played super mario brothers on her DS lite until she got gamers thumb so bad she couldn't play anymore at about 76, lol

gaming is for EVERYONE

[vagrant wasp]

Good evening

[vagrant wasp]

Pretty incredible story, thanks for sharing

[slim sonnet]

Absolutey! Glad you appreciated it, she's an amazing woman 🙂

[wild fossil]

Did anybody get their chainlink nft yet? I thought they said they sent them but i cant fins it in my wallet. Maybe Im looking in the wrong spot?

[sage falcon]

Yeah that's pretty dope homie the Egyptians had a vast culture, and probably heavily borrowed from the Sumerians before them.

So much History you could spend a lifetime trying to learn it all, love it tho

[slim sonnet]

it's so fascinating! Constantly amazed by it.

[sage falcon]

Me too, I love History. Sadly a lot of the stuff I learned back in the day doesnt apply anymore.

[lofty knoll]

They are sent yes. Try connecting your wallet to Opensea to see if you have it

[jagged spruce]

Is there a marketplace channel or something here that we can sell, trade or promote listings of some nfts or something? Or we can do it directly here in general chat?

[wet sable]

hey guys

[lofty knoll]

#799010390201466880

[sage falcon]

Maybe off topic homie

Rahlord dammit

[wet sable]

if you have 1 rare NFT, what price would you actually sell it haha

[jagged spruce]

thanks homies, appreciate it

[sage falcon]

Jinx

[sage falcon]

Is ur handle japanese just wondering

[jagged spruce]

just random anime crap ahahahahaha

[lofty knoll]

Depends what NFT you are talking about lol

[sage falcon]

Ohhh anime I got u

[wet sable]

what if like Rhamphy or Dash?

[lofty knoll]

You got one? I would personaly keep it at the very least until the game launches

If you meed the monay 5 Eth seems to be the floor

[sage falcon]

Yah for real

[wet sable]

haha so let's assume. Is it possible for it to reach like 40eth or higher?

[sage falcon]

Homie much is Squizz going for these days

Several eth I believe

[lofty knoll]

Possible one day

[sage falcon]

40eth woooooooa

[lofty knoll]

You just have to decide if your NFT will outperform ETH or not

[jagged spruce]

uhh yeh i have a question bro

[sage falcon]

Ok shoot

[lofty knoll]

If ETH is 10k you will probably not get 40 eth you got it?

[jagged spruce]

If someone offers a price in opensea for a certain NFT, what should I do to directly sell it to him without listing it? or is it not possible?

[wet sable]

haha yeah i got it

[lofty knoll]

Never used Opensea so I cant help you sorry

[jagged spruce]

Ahhhh okay, its fine

[sage falcon]

I would personally do everything with open sea or a trusted third party for selling.

Selling peer to peer can be tricky

[jagged spruce]

I mean for example, can I send screenshots here for reference?

[sage falcon]

I believe so yes

[inner topaz]

You accept the offer and the deal is done

[lofty knoll]

You cant in #💬〕general no

[jagged spruce]

i cant send some screenshots lol, either way, i didnt see the accept offer button in opensea

yep, metamasked connected

mask*

only make offer button

I'm pretty sure I'm signed in into the account cuz my metamask has only 2 accs.

it says connected, i mean can we talk in off topic cuz we can't send screenshots or something which makes it pretty hard

[last rain]

The token is stored directly in metamask or is it necessary to register the token before?

[warm surge]

I think in metamask under collectibles? Or am I wrong?

I was just searching on open sea, Am I right if I can only find one nft there and that is Squizz?

[candid smelt]

3. No pornographic/adult/other NFT material
   This is a community server and not meant to share this kind of material.

anyone else thinks this is a weird rule

we have in this discord?

[lofty knoll]

No

And I shall enforce it

[candid smelt]

while we are having NFT drops and so much talks about NFT

everyone should be arrested by the Illuvium Police Squad

[lofty knoll]

Well I'll let the NFT part slip

[candid smelt]

https://tenor.com/view/police-chase-run-being-chased-running-away-gif-5786191

[sage falcon]

High steppin yoooo

The end of the month is closing in fast

Must make more money for crypto lol

[warm surge]

I was just searching on open sea, Am I right if I can only find one nft there and that is Squizz?

[sage falcon]

I'm not sure BK, wish I could be more help.

Busy busy busy haha

U good? Top of the morning to u haha

[candid smelt]

i think there are also others Bonkie

[sage falcon]

Catch up on that sleep, I run myself ragged doing that and have fo hibernate to regain energy

I just noticed that was u dupree

Nice handle lol

Can I get that Squizz on a payment plan hahahahaha

Yeah very lucky indeed

[inner topaz]

$400 in fees?!

[sage falcon]

That's a bummer

I read where they might be pushing eip 1559 through faster than anticipated

Just a rumor though

[slender pelican]

Those emotes for the BLP . . .In love

[sage falcon]

Ikr

I was just looking at those

[slender pelican]

So sweet. Good morning UG M

[sage falcon]

Morning bro

[slender pelican]

About an of catching up to do before I get started with the work day lol...al the action happens when I sleep.

[sage falcon]

I had to wake up early and see what the weather is doing today, just relaxing a bit.

@inner topaz me of you are of like mind, I'd hodle that Squizz and keep it close.

i before e except after c

How much......just curious u dont have to say if you dont want to

[warm surge]

What was i doing wrong searching for them?

[sage falcon]

I agree with u. And I'd definitely hodl til atl least the game is out, you never know it could end up paying off ur mortgage

[warm surge]

lmao

you bought one I see?

what price?

[candid smelt]

https://tenor.com/view/hodling-hodl-crypto-cryptocurrency-bitcoin-gif-10589141

[sage falcon]

Lucky dog

[warm surge]

Damn, lucky you haha

gold in your pocket.

[round remnant]

Just want to share our AMA Session in 5 minutes for the Filipino Community https://youtu.be/yTAjDj88SOo

[sage falcon]

That really is awesome bro, I might right you a long form poem about Squizz and just give it to u.

Gotta love the Squizz

[inner topaz]

https://tenor.com/view/hold-line-gladiator-gif-14670529

[warm surge]

haha

[sage falcon]

Yeah u can have it copyright and all give me a couple weeks I'll try to come up with something good for u.

I have a fetish for cephalopods

So it is my pleasure

Illuvium and beyond yooooooo

I just pay tribute to Squizz haha

I am but a humble Illuvium soldier

So you have a Rhamphyre?

Ok I see u announcements, I got a bit of time to kill.

[lofty fox]

goin live....

ahoy hoy

hahaha

[slender pelican]

Right on. On it.

[lofty fox]

aarrghh.. at the moment the audio is crazy.

hahahaha what.

[sage falcon]

Audio is wak

Sounds like scratching haha

[lofty fox]

i dont think they realised it was un muted.. haha

[sage falcon]

I thought it was just me lmao

[formal oar]

Morning fam, those squizzy emotes... 😍😍😍

[slender pelican]

Emotes looking so sexy

so cute

[sage falcon]

Morning BH

[slender pelican]

Good Day BH

[sage falcon]

Sic

I'm a little jelly of yall this morning hehehe

[lofty fox]

sydney.. hells yeah

hahah

[sage falcon]

Yeah Rhamphyre has class and Squizz too, cant go wrong with either one of them. Roger's artwork looks Royal.

[lavish palm]

when will be the release of the game?

[slender pelican]

Q3 2021 @lavish palm

[lofty fox]

live now.

[lavish palm]

thankssss

how about the presale?

[slender pelican]

@lavish palm Preseed and seed already happened. We are all getting ready for the Balancer Liquidity Bootstrapping Pool (BLBP) on Balancer on March 30th. That is the next event (as of now!)

1 million coins being sold. Starting price $100.

[lavish palm]

what is that

ow

[slender pelican]

https://illuvium.medium.com/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[lavish palm]

when was that

can i still buy?

[tawny panther]

starting price is confirmed?

[slender pelican]

You can buy March 30 along with everyone else. @lavish palm

[lavish palm]

okayyy

[cosmic zenith]

Is the price confirmed?

[slender pelican]

I thought 100 was confirmed for a starting price. 3 days the sale will last (unless they sell out of the million coins)

[lavish palm]

what is a balancer?

[tawny panther]

I didn't think price was confirmed

[cosmic zenith]

What do I need to stock, ETH or Balancer coins to buy ILV?

[slender pelican]

https://balancer.exchange/#/swap Balancer is a DEX - decentralized exchange.

you will swap ETH/ILV

@cosmic zenith

[cosmic zenith]

I see. So I need to have ETH, right?

Thanks!

I can use MetaMask?

[formal oar]

Waiting for that partnership leak in that AMA. 👀👂

[slender pelican]

@cosmic zenith Yes, MetaMask is what I will be using and has been a popular choice among the discord.

[sage falcon]

What’s the starting price in the Balancer

[slender pelican]

@sage falcon $100 USD is the proposal. You can see it here, #📯〕council-chambers

[sage falcon]

Does 1m token means they are all sold or or we start with 2% of that 1million tokens? And never get to 100%

[warm moon]

$100 per ILV token?

[placid glacier]

when is the release of this?

[tawny panther]

$100 feels a bit high

[cosmic zenith]

The game looks expensive to develop so I think it's just right?

They're hiring the best developers, after all

[slender pelican]

@tawny panther You should read this about LBP - https://docs.balancer.finance/smart-contracts/smart-pools/liquidity-bootstrapping-faq

[tawny panther]

Yeah I know how the pricing works, just thinking that $100 = $1bn FDV which seems a bit high. I guess if most people agree then the price will naturally drop to a more acceptable level.

[slender pelican]

Gotcha, right on. Yeah, they have said multiple times, they will be starting the price rather high lol . . Who gonna ape in at 100?

[tawny panther]

Don't underestimate people's FOMO, lol

[cosmic zenith]

I would. I really believe it's just right for a game like this. It looks like it would be one of the most popular blockchain games in the market

I mean it's not just a token. It's backed by a high quality game.

[sage falcon]

Damn impressive boys

[carmine sandal]

@ 1 million tokens that $100 is $100M

[sage falcon]

Gotta love the leaks

[tawny panther]

10m tokens in total, so it's $1bn FDV (fully-diluted valuation)

[worthy wigeon]

Does someone knows how the balancer works? I mean do we have to trade ETH for ILV and what will be the platform to do it?

[carmine sandal]

ooo got it

so yeah 1BN veal seems high no?

[sage falcon]

Helpful links channel helpful links

[carmine sandal]

eval**

[sage falcon]

There is medium posts about the tokenomics

Sale on 30th

Get Metamask

Own eth

[lavish palm]

why should we buy on 30?

[worthy wigeon]

Ok I did check, we have to wait for other info I guess...

[lavish palm]

what will we buy?

[slender pelican]

Boom /\

[lavish palm]

boom boom

[sage falcon]

They are not suggesting u ape in

[worthy wigeon]

Well actually Gas for ETH is too high, I don't think I'll buy ILV right now

[carmine sandal]

https://balancer.exchange/#/swap

connect to metamask, and then swap eth on march 30th for token

[sage falcon]

Well u know that's how it goes

Sorry u dont have the e

[worthy wigeon]

Yes ETH is pretty sad actually

[sage falcon]

Dont worry it wont be for too much longer

[worthy wigeon]

Well there's no ETA for ETH2 actually...

So it can be

[fallow gale]

Are these the same token as our pre-ILV or can we swap them for ILV at a later stage?

[sage falcon]

Yes there is for eip 1559

[worthy wigeon]

EIP1559 doesn't mean lightning

[sage falcon]

Come on bro

[worthy wigeon]

And what about if the miners doesn't follow this EIP...

This will be a disaster and maybe a hard fork

[sage falcon]

Too much to say in this chat, I would say just go read more

[worthy wigeon]

Yeah for sure 😛

[barren scaffold]

preILV will be swapped for you 1:1 to ILV after the launch is complete

[fallow gale]

I see thx

[gentle sorrel]

Wait what did they mean look for clues for the next airdrop

[slender pelican]

@gentle sorrel They drop clues .. maybe on the daily about future partnerships. They are just very......encrypted.

[gentle sorrel]

If it’s another riddle that takes 3 months I’m out lol

[stable matrix]

Considering that many people spend thousands of dollars on f2p games that do not provide them monetary value, this will not be that high for them.

[fallow gale]

I just registered for the newsletter on the new site you know just in case 😏

[gentle sorrel]

Also, how do I get ghetto squizz?

[sage falcon]

Ok quadratic voting now ur speaking my language

[slender pelican]

OH wow.....Animal charity. Just the best community here.

[barren scaffold]

Take part in the launch on 30th March. They are bought with points earned relative to the amount of ILV bought during the launch.. We don't know how many points will be required yet 🙂

[sage falcon]

I would be down for 2% charity.

[gentle sorrel]

$100? Oof

[sage falcon]

Starting bro

It will go down

[gentle sorrel]

But it could also go up

[sage falcon]

Maybe haha

Probably

I think they have discussed at first it will be high most people wont buy at that price point

It will go lower like a discovery phase

And I believe the sell goes for three days

[gentle sorrel]

So how exactly does balancer balance out the price

[sage falcon]

I'm glad ur touching on security

[gentle sorrel]

1m coins will be for sale on the 30th?

Does it need to sell out over those 3 days or

Gotcha

[sage falcon]

Dark Hollos

[gentle sorrel]

Thanks, I’m just used to uniswap drops lol

[hollow tangle]

I was taking a look at the Tokenomics from which Distribution were the preIlv taken from?

[gentle sorrel]

Wait, isn’t a 2:98 ratio really low?

Or is it really high

[tawny panther]

I think the difference is that here you're buying something as an investment for future gain, and valuation and positioning relative to the rest of the token market matters. But you're right that a lot of people will see things differently. We all come into this with different perspectives.

[gentle sorrel]

I think I need to study this before the launch lol

[hollow tangle]

Yes please do, people who jump into BLP's without studying how they work sometimes get wrecked. An example of one is a token named Dora just launched as a BLP and it's initial price was $50 and people aped into it and today it is live on Uniswap and valued at $17. So those who aped in are down significantly.

[gentle sorrel]

Lol

So wait is the period 3 or 7 days?

I’m reading 7 but someone said 3

[reef nexus]

bartenderrrrrrrrrrrrrr!

[gentle sorrel]

Ah

[sage falcon]

Heard ur name dropped haha

[slender pelican]

Enjoyed it very much so.. Always appreciate seeing em live.

[warm surge]

Can I look the ama back somewhere?

[round remnant]

Thank you! Apologies for the audio of the trailer and the language. The AMA is for the Filipino but you can probably understand the session because the questions are in English as well. Appreciate the support!

[formal oar]

Great AMA guys!

[inner topaz]

I have made this next one so easy

[gentle sorrel]

Alright so 4 months then

[inner topaz]

My proposal is 96:4 and it got approved today, or it will by default once the voting period elapses

[inner topaz]

I really want you guys to get this one as well 😿

[marble oyster]

🧐

[barren scaffold]

You got skills bro! Those live translations can't be easy.. nice job anyways. Thoroughly enjoyed!

[lofty fox]

ahoy hoy.. i really enjoyed it... thank yall very much all for doing it.

[lofty fox]

did all council members not vote yet? or whatnot??... i thought once everyone voted it would end... whats up.. whos being all slooow like

[formal oar]

so if the leak has to do with the comic text and I pick a few words....Adorable, Handsome, Mask, Ate. $DORA, ??, $MASK, something food related....Sushi?

[inner topaz]

What are the rules here? Am I supposed to tell you if you get it?

[red geyser]

Maybe just dm me to be safe

https://tenor.com/view/blink-granny-wink-flirt-gif-16207123

[formal oar]

uh, isn't that something you plan out BEFORE you send out a leak? 🤣

[severe breach]

I have a couple of ideas but...nothing is certain..can we disclose our thoughts ? 😅

[sage falcon]

Great AMA! Maraming salamat po!

[severe breach]

I'm rly sure one of my ideas probably only 1 % of ppl would think of it...but..as i said.. that's my thoughts

[lofty fox]

the boys be aussie... all rules are off.

[inner topaz]

lol, you can do whatever you want. I'm not going to stop you

There are people who ban people for breaking the rules, but discussing leaks surely doesn't break it??

[earnest tundra]

It's probably just a ruse, Kieran isn't sure who the next partner is so he's here framing for ideas 😆

[severe breach]

Lol

[inner topaz]

@blissful bay she is the captain now

[inner topaz]

Reverse psychology. You will need to do better than that

[severe breach]

Pffff...not working

[lofty fox]

reverse reverse psychology.... you know you wanna tell us something.. hahahaha

[severe breach]

Keep it probing like that and we'll have an answer by the evening😂

[sage falcon]

https://tenor.com/view/community-ruse-point-stand-gif-7902143

[severe breach]

@inner topaz love's the community to much to let us wandering in the dark for long

[polar sun]

https://tenor.com/view/take-my-money-gif-20103453

how to start?

[lofty fox]

all yall gotta take into account... aaron is the mean one.. that will tease us all day with raw clues and kieran gives us the meaty gossip leaks

[inner topaz]

Guilt tripping now. What is next?

[lofty fox]

bahahaha.. was that.. like.. too much.

[severe breach]

This guy...knows to much🙃

[quick spindle]

Drinks!

[inner topaz]

Now that is 100% your best bet

[earnest tundra]

I think we are in the bargaining stage from the 5 stages of grief, next up is depression

[inner topaz]

ahahahahah

[lofty fox]

come to my place.. i got a bottle .. we will talk.. hahahaha

drinks all round

[inner topaz]

https://tenor.com/view/broccoli-haircut-cute-gif-12450172

[quick spindle]

LOL

[lofty fox]

hahaha hummm

[quick spindle]

I don't understand why... but yes.

[inner topaz]

lol, must be an aussie thing

[lofty fox]

chop chop

[inner topaz]

lol just don't start talking pig latin

[polar sun]

very responsive community. thanks. fly away

[inner topaz]

Ahh sorry, you should start by reading the medium articles. Our BLP is launching next week

[lofty fox]

do all yall have a clothing line worked out?.. as of yet?... i have one set up... and work with trog.. who is known in the 420 community.

hahaha just a thought.

[inner topaz]

of this ship. Unless you get voted off. Then you shall walk the plank

Is that a depiction of what happens after you get voted off?

Gonna leak the female now

[formal oar]

is her name Sue?

[red geyser]

I think she is saying she will captain this ship straight to shore.😂

[formal oar]

lawl

[lofty fox]

https://tenor.com/view/letter-kenny-wayne-to-be-fair-gif-14458907

haha

[formal oar]

so the leak was..."hey look, its a lady."

[gentle sorrel]

the leak was egirl alert

[inner topaz]

I wish I could trade my two waifu's for her 😦

[lofty fox]

to be fair... we have had a lot of goodies recently... and everyone gotta be real busy with everything.... im happy with any lil bits we get.

[formal oar]

strong women are HOT.

[tame solar]

Ah Kieran got rug pulled huh

[marble oyster]

you are as cryptic as Kieran, lol

[formal oar]

Kudos to the designer!

[hidden storm]

Hello all , how is everyone doing ?

[inner topaz]

First one. Can you believe it.

[lofty fox]

more so... kieran wants us to know stuff... but cant talk... i believe.

hahahaha

[tame solar]

The first one is always special

[inner topaz]

This strategy will render the opposite results you are after

[lofty fox]

you always remember your first.

[marble oyster]

the filename doesn't tell me anything.

[inner topaz]

lol oh god

Broc was an inside joke between two Australians

[formal oar]

check #🚰〕leaks

[lofty fox]

"stralians talk all weird like yeah"

haha

[marble oyster]

not looking at that one, lol

[inner topaz]

lol

We consume the most per capita though

Surely that counts for something?

[lofty fox]

kieran... if ever near picton... come say high.. bahahaha

[inner topaz]

We obviously are, but the question is do we have the monopoly on actual broccoli? Because our Agriculture is pretty pumped up down here

[hidden storm]

I have a question regarding the $ILV staking .

So if i Stake my $ILV on April and I claim my rewards as $ILV on July. So Will all my staked $ILV be unlocked by April.

Or it will be april one on April and the later staked on July will unlock on july 2022.

[inner topaz]

ahhh sanwibe my friend, those days are behind me, and Picton is a little.... far away :/

This has gotten seriously off topic and the people with the hammers are around. We should watch out

Actually, I think this is a lull period

Maybe creez is around

[lofty fox]

indeed.. everyone is a grown adult an whatnot these days.. work work work... so slightly, back on topic.. for general discussion... have all yall worked out clothing and whatnot yet?

night

[quick spindle]

Are you talkin about ILV merch??

[plain delta]

Can I ask what you think of the Alice valuation?

[lofty fox]

might be trying to talk abou tit maybe.

about it **..,.. even.

[amber wagon]

Hello good day everyone

[earnest tundra]

might want to ask again in #814313779696238642 questions in here can get lost, general channel is very active 🙂

[short dirge]

For Alice, the game just came out. We will see in a couple months if it holds value. Its already lost a bunch of value. Will people continue to play it etc.

[amber wagon]

Is the game alice already released? I lost so much money with thier token 🤦

[inner topaz]

Only if you choose to lock it for 12 months. If you stake and choose no lock period, you will be able to unstake at any time. You will however miss out on the multiplier for locking

[earnest tundra]

So Alice has a circulating supply of 17.4mil tokens and a price of ~$14. Correct me if I am wrong, but circulating supply of ILV is going to be ~1mil at the end of the balancer sale, right?

[plain delta]

It is uncertain what Illuvium circulating supply will be. I estimate about 1.5-2m

[amber wagon]

Guys where can I buy ILV and where can stake it?

[hollow tangle]

So I feel that Alice can be most closely compared to Animal crossing. The latest Animal crossing game has sold around 31.18 million units at $50 a game that gives you total sales of $1.5B. A game that has no working game yet and has not made one sale in my opinion should not be valued at $240M

[earnest tundra]

it's kinda like buying stock in a high growth company. When you do that the PE ratios are crazy, but you're anticipating rapid growth

[plain delta]

What do you think about them having literally no tokenomics to reveal?

[earnest tundra]

so yeah, probably not worth $240mil right now, but expectation is that it will be

[earnest tundra]

That's the reason I currently don't have ALICE

[plain delta]

Fair enough.

[earnest tundra]

oh, and I'm in the US... so couldn't get it anyways

[plain delta]

It's just funny because some people have compared Alice to Illuvium and they say 'but their token is only $14, that's way cheaper' and it's hard to explain to people that they have potentially 14x the total supply of Illuvium.

[hollow tangle]

And for it to have popped to like $600M was a complete shock. If Bethesda is value at around $7-$8B no way a game like Alice should get remotely close to $1B

[hollow tangle]

Yeah, that is the most frustrating part. People don't think market cap just think in terms of $

[plain delta]

You know? It's a bit like if someone was buying stocks and there was a stock split and they said 'Nooooooo my stocks are worth less now'.

[earnest tundra]

that only reason that I think their valuation is somewhat fair currently is because of Axies value. I see Alice as having a way better onboarding strategy for new players (i.e. Steam)

[short dirge]

You dont have to buy ILV at all to play the game at the Balancer launch. You can wait watch the videos of people playing the beta and all that. See if you like the game then buy stuff to play once it is officially released.People who are buying these tokens now are investing in the game to raise capital to make it successful. They are putting in the risk so you dont have to. No one here has to buy the ILV on the 30th.

[plain delta]

Do you know how they are implementing the microtransactions API inside of steam that they are required to do?

[earnest tundra]

I think the pop was more likely due to how the token was launched, not representative of value

[earnest tundra]

honestly, not sure yet. I'm interested in the game, but finding specific details is challenging. That's one of the main things keeping me from buying the token once it is available

[hollow tangle]

True, but I also hate that it came out when it did. I think it created these expectations that ILV may do the same when it launches. I really want some ILV bc you can tell it has the potential to be a AAA title and the graphics and auto battler set it up very nicely. However, if the marketcap gets to be ridicolous during the BLP I'm just gonna sit it out

[earnest tundra]

Alice doesn't seem to be as transparent with those details

[lofty fox]

hehehe dont get me started... some ... block chain "games"... are a black hole.... but this is the future of gaming

every investment is a risk... some pay off.... some dont.

[earnest tundra]

yeah, and that's really up to the starting price of the BLP. Setting it high is a way to prevent that FOMO buying (well, unless you don't read anything about BLP ahead of time)

[hollow tangle]

Exactly, that's my biggest fear. Every BLP I see is people aping in. I've made post about it in the degen-trading so that people that aren't aware read about it to try and prevent that from happening but crypto has so much apeing in that you never know

But yes, games like ILV and Alice are adding another layer to NFT's and the future of crypto. This along with any tokens that provide gaming infrastructure will be huge in the future

[plain delta]

Well the IIP that got voted in had the value in the Illuvium sale starting 28% cheaper than where Alice is right now, AND the type of sale means that there is downward pressure. I know what I'm predicting.

[earnest tundra]

Alice definitely makes me wonder on the starting price though. $100/ILV and ~1.5mil circulating supply puts Illuvium at $150mil

that's below Axie and below Alice... I have less confidence in Alice vs Illuvium and I think Axie's growth is slowed by the high cost for new players

[plain delta]

Nobody can say that the IIP that got voted in didn't give them a chance. I've had to read heavily into different tokenomics and people are really sleeping on this area. Not all protocols are even remotely the same. Some have had thought put into them, and others, basically nothing.

[hollow tangle]

Definitely agree, I am a fan of ILV tokenomics

[plain delta]

One advantage Illuvium had is that the game design was developed concurrently with the blockchain design. They compliment each other at every stage. Alice still says that they will do the defi stuff later. And other bigger titles had the defi elements as a complete afterthought. They are chasing their tails.

[tawny panther]

I second what people have already said regarding Alice. It's overvalued. But perhaps I'm wrong and a $1bn FDV (Alice is slightly higher than this) is a fair estimate of the future value of high quality blockchain NFT games like Illuvium. Comparison-wise, all we have to go on is existing token projects, most of which are DeFi projects where value is much easier to quantify.

[lofty fox]

just seems like everyone has lost the ability to do research for them selves... haha in my opinion.. a good thing can only hit them so many times... before other people snatch it up.

[tame solar]

Why are so many ppl on about this Alice. What did she do

[lofty fox]

bahahaha... who the F.. is alice..

[earnest tundra]

she rekt some people

[tawny panther]

She fell down the rabbit hole

[lofty fox]

someone.. anyone.. yes.. no..?.. haha ohhh i feel old.

i been waintin for anyone else to say it.

for 24 years.

[marble oyster]

lol, forgot about alice,

[plain delta]

lmao

great song

[lofty fox]

coz she moved.

listen to the song.

haha

sorry yall

since i heard about the game... i have legit been waiting for some one else to make that reference... and yeah... my brain finally gave out.

[wooden compass]

good game

[plain delta]

I thought it was obvious that the game was a reference to the song.

[lofty fox]

absolutely no one that i have seen has stated it ot referenced it..

hahahaha

made me feel real old.

i thought it ... an waited.... an waited.

[candid smelt]

https://tenor.com/view/sausage-party-sausage-party-movie-you-dont-want-to-know-gif-5801942

[lofty fox]

you just dont wanna know.

[dapper whale]

Hi guys ? Do anyone knows how they will regulate the balancer for the ILV sale on March 30? I mean what if big whales buy the stock ?

[main leaf]

lol :p

[tame solar]

The sale is pure price discovery, there is constant downward pressure and upward pressure is purely dependent on the market

so it all depends on how the market evaluates the token

and no one can predict that

[dapper whale]

Does that mean that if someone come and buy literally half the IlV

The price wont go up or down

[tame solar]

Not true

[barren scaffold]

Yea, exactly. Fair price discovery is the aim. And Balancer Liquidity Bootstrapping Pool is the way.

[tame solar]

It is possible someone can buy half the ILV, doesnt mean the price will stay the same

[marble oyster]

5.000.000*100, could be lol

[split dune]

Hello how do I pre-register?

[main leaf]

no pre-register or whitelist

[copper cypress]

Either Alice is wildly overvalued or Axie is wildly undervalued. I can't see how they could both be priced correct

[split dune]

Oh I just have to wait for the release to play ?

[tame solar]

there is a closed beta but the details are not out yet, main launch is Q3

[sand abyss]

When will be the release date of this game? Cant wait to play

[plain delta]

I think I agree with this.

[white lotus]

I was working an average of 7x 10s, driving 3 hours a day. spent last too many years of my life not enjoying my family and the better things in life

my wifes father was murdered in his sleep last year by a psycho ex girlfriend

and my whole concept of what was important in life changed

so here i am searching for a way to stay home and participate in my families life

and i am here

because we should truly mutually benefit eachother whether it be in entertainment or business

and im excited that i can use this game as a model to teach my children about finance and economics all while enjoying life

the sooner we teach our kids about the trustless future the better

for someone who has been gaming for decades, im excited to see such a massively well backed project developed by people that have absolute transparency with their community

the revolution is upon us folks 🙂

dont waste your life working for the man when you can develop a future alongside him

thats it, im done

[last bolt]

5 days to go folks

[lofty knoll]

Good afternoon!

[slender pelican]

Good Day Rah

[violet belfry]

do we have like a estimate of the game launch date eg. beta launch?

[slender pelican]

Beta end of Q2 maybe. Launch Q3 . Estimates @violet belfry

[violet belfry]

thanks BOb

[gentle sorrel]

how does that female character carry that extremely heavy robot

[quick spindle]

Are you assuming Moz4rt's weight....

[gentle sorrel]

uh oh

[lofty knoll]

https://tenor.com/view/imthecaptainnow-look-at-me-gif-4858756

4.5 hours sleep here I am heheh

And I still figured to miss everything

[spare flare]

hello. what is the sale price on balancer?

[loud pagoda]

it starts from $100.

[woven atlas]

how many in airdrops and rewards will be initially released in addition to lbp released tokens (i.e. 1 million)?

[quick spindle]

Hey mans, if you're referring to the airdrops/rewards that will come from the Balancer LBP... at the moment, we just know you will earn "points" related to how many ILV you purchase on Balancer and then those points can be redeemed for NFTs after the sale has ended.

[marble oyster]

6 or 7 partner airdrop still in line according to medium announcements

[hidden storm]

Not a Financial advice . But buying at $100 on Balancer and then selling on Binance at $1000 look like a good strategy.

But i doubt $100 , it's too cheap.

[woven atlas]

Hey @quick spindle not the balancer..I am asking about previous airdrops or/and rewards...in number i.e. the total number of tokens that people received so far..and this will be immediately liquid after lbp

[barren scaffold]

👆 @woven atlas

[worldly violet]

At 100$ that gives ILV a market cap of 1 billion lol.

Fully diluted.

And I think 5mil was raised in private and seed?

I think i read that.

[sage falcon]

Hi guys, i said hello a week ago but slinked off. Am i the only person intimidatingly confused by this project

[worldly violet]

I'm sure you are not the only one haha. Lots of facets to this game!

[sage falcon]

is there some where to start to give myself some footing?

and airdrops 😄

[ivory creek]

Is there a link or apps for illuvum? Can you give me

[quick spindle]

Yes! The Medium Articles found here #🔗〕helpful-links

[worldly violet]

I would read through all the medium articles that have been posted in announcements

#late

[sage falcon]

ty ty

[worldly violet]

@ivory creek

[sage falcon]

i know i missed the beta, i havnt missed launch tho have i? thats the 30th? or is that the token. i will check the medium articles when i get back from work (currently using a phone with a broken scrreen)

[loud pagoda]

seed price was $3.3. So I wouldn't say it's too cheap. actually for Balance LBP the starting price is supposed to be high enough so bot can't front run it

[worldly violet]

Beta hasn't started yet@sage falcon

[sage falcon]

oh i missed the sign up period then

?

[worldly violet]

And the public sale of the governance token is th 30th

[lofty knoll]

There is no sign up

[worldly violet]

Nope, still a possibility for anyone to join beta

[sage falcon]

oh, me and someone else from gods unchained both thought we'ed missed the beta

[ivory creek]

How can I start the game?

[worldly violet]

I think beta is aimed to launch Q2 ish

[lofty knoll]

There is no game until Q3 of 2021

[sage falcon]

ah sweet, i thought id missed the beta/intro period and was waaaaaaaay behind

[exotic sage]

Love the new website!

One question though: where can I find the soundtrack that was on previous site? 😄

[worldly violet]

Still early!

[sage falcon]

the way i like it

[ivory creek]

Thank you sir Rahlord

[lofty knoll]

Good question

@inner topaz Can we have the soundtrack of the old website please?

Love it also

[ivory creek]

Do I need to crypto currency or digital currency before I start the game for the future?

[worldly violet]

It will be helpful to have some ETH

[quick spindle]

Ohh, as in the total amount of preILV tokens airdropped prior to the sale that's going to happen? I'm actually not sure about that... one of the mods may have a better grasp on that though

[lofty knoll]

You will need ETH

[ivory creek]

How much an Eth estimated to have?

[worldly violet]

ETH alongside ILV is what you want for this game

[sage falcon]

this space - the one being carved out by crypto gaming - is possibly the single most confident move iv made in my adult investment/hobby life

[lofty knoll]

You do not need ILV to play.

[lofty knoll]

That is yours to decide.

[worldly violet]

Yes but you will want it (;

[ivory creek]

Thanks

[hidden storm]

Starting at $100 means people will wait for it to come at least 20 to 30% low i.e like $70 before apeing in , that's why i said. Anyways we will find out on 30th what happens. 😅

[worldly violet]

Even at 70$ thats a 700m fully diluted mc. And that means everyone who got the first ilv drop got 360$

[west notch]

could be wrong but by my rough calculations the price of ILV should be $30 by hour 12, $17 by 24 hours and $5 by end of sale if no one bought any tokens at all

[sage falcon]

how do i go about getting ilv drops (sorry i promise i will read everything in like 45mins)

[worldly violet]

Does anyone know what will be circulating aprox?

[worldly violet]

Thats calculated form the initial weight to 50/50?

Interested in the math.

[west notch]

yea 96 % weight to 50%

unlikely it'll get that low with how many tokens are available

[worldly violet]

I haven't participated with balancer a whole lot but since reading up on it its super cool.

[main leaf]

how do u get these numbers? price dont decrease as a function of time.

[hidden storm]

Uniswap and 1inch did their airdrop near to $1000 + . So i don't see $ILV aidrop would worth so low.

[quick spindle]

Hey Bill, no more ILV drops. But any Promo NFT airdrops that the team decides to do will be announced in #768749491171229716 for the most part!

[worldly violet]

The weight of the pool will balance at a certaint rate over 72 hrs from 96/4 to 50/50
@main leaf

[west notch]

from what i understand that's how a BLP is designed

[worldly violet]

So unless people buy, price naturally goes down

[main leaf]

thats weird and hard to believe. lets wait till it drops to 10 bucks then

[worldly violet]

Might not because people will buy at 70$ because they believe its fair value.

But who knows

[loud pagoda]

Oh I see lol we will find out soon enough

[west notch]

yea it's a game of chicken, all depends on when people perceive fair value and want to buy, but the LBP exerts downward pressure over time

[worldly violet]

Totally possible. I have no clue what will happen. I'm just trying to rationalize.

[loud pagoda]

So what price you gonna buy?👀

[lofty knoll]

4.20 is my entry

[worldly violet]

69 for me

[main leaf]

3.34

[west notch]

idk id like to get <100mil mcap if possible

[worldly violet]

How would you calculate mc tho? Cause idk if their is a lockup for seed round ILV

[west notch]

yea there's a seed and investor lockup for two years iirc

[worldly violet]

Okay awesome.

[west notch]

so they said there's roughly 1-2.4m in open circulation after the drop

so from a circulating supply standpoint i want to buy <25mil mcap

which would be the second day of the sale

but PERP had its lowest point at the end of the first day and then climbed the rest of the sale

[loud pagoda]

4.2?

[west notch]

so ill be following that general guideline

[worldly violet]

Yeah I meant to look at previous IDOs but couldnt find the graphs

[west notch]

lol $4.20 is what i have for the last possible price is no one bought the entire sale

[lofty knoll]

I'm trolling. My strategy is for myself hahah

[loud pagoda]

yeah that's what we're afraid of

[west notch]

https://twitter.com/DestinerX/status/1355236611131379721?s=20 this is all i could find

Timur Badretdinov (@DestinerX)

Liquidity Bootstrapping Pool (LBP) is a great way to distribute tokens. Here, I gathered some data on @BalancerLabs LBPs to show it.

With 6 launches, almost 10k trades were made with a cumulative volume of 40M USD.

1/7

Twitter · Jan 29, 2021, 7:29 PM

[loud pagoda]

oh lol

[worldly violet]

Okay thanks! Appreciate it!

[loud pagoda]

I thought $50 but we will see

[worldly violet]

I'm excit3d

[main leaf]

who is buying on first day? 👀

i will connect with my broke ass wallet to see the fees and price just for fun 😋

[worldly violet]

Yeah what do you think gas will be like on the 30th? Haha

700 gwei for slow

[lofty knoll]

Unpredictable

[main leaf]

it doesnt need to . it is pretty much always busy

[worldly violet]

Yeah balancers biggest sale was 22Mil in vol.

Idk how much that would slow the network.

Thats over acouple days as well

4sure

[loud pagoda]

I saw sevral ppl from other project's BLBP said their transaction got canceled a few times because of slippage

[white lotus]

BLBP is just another subgame inside the Illuvium ecosphere

[lofty knoll]

Adjust slippage and gwei accordingly yes

I'd recommend at least 5%

[loud pagoda]

really? so it means I could buy 5% higher price? (sorry stupid question)

[lofty knoll]

Effectively yea

Or 5% lower

5% is nothing hahaha it goes quick

[loud pagoda]

I see~~~

[kindred hatch]

you could buy 100% higher if there is demand

[lofty knoll]

@round remnant Really nice AMA well done!

[sage falcon]

I have never seen a lbp start at 1b valuation, def on the greedy end. Good is that it runs shorter so there is more selling pressure, 1 week is way too long 2-3 days max.

[last rain]

is there any way to check the remaining supply during the token sale on balancer??

[gaunt wadi]

i was told yes

[last rain]

How??

[lofty knoll]

There will be a pool page

With graph and a ticker for remaining tokens

[worldly violet]

Does the team have a goal for how much they hope to raise from the sale? Or is that a bit to much alpha lol.

[cold mirage]

Will the LBP sale now run for 3 days instead of 7?

[gloomy ibex]

It's not how much they raise, it's to set the value of the token

[last rain]

Do you know of any page to consult that?

[worldly violet]

The ETH from the sale is allocated to the team/game tho right?

[west notch]

where have you seen that

unless bots want to buy into 1bil starting mcap

i dont see how thats feasible

[worldly violet]

Yeah I figured the absurd price point to start was on purpose so to avoid bots.

[west notch]

every lbp graph ive seen crashes to start because of the weighting

[barren scaffold]

Why would a team choose to launch this way and then spend funds on bots to achieve the opposite?

[west notch]

^ there's no reason to MM an lbp pool

[worldly violet]

Sale is 3 days long. Just to confirm

[west notch]

thats not cost effective at all lol

[barren scaffold]

All funds are managed by treasury btw..

[lofty knoll]

No yet no.

[loud pagoda]

Yeah I saw that too

[lofty knoll]

At the end yes

[west notch]

youre talking about the end

?

[lofty knoll]

Yes but you wait it out lol

Then it crashes hard

[west notch]

yea that actually proves the lbp works

[worldly violet]

Probably fomo from peeps who don't understand balancer mechanics

[lofty knoll]

Initial candle is caused by newbs not doing their DD and research. They just fomo in like any other token launch

[cold mirage]

The initial candle makes it such that the the price doesn't go much lower than 20-30% of starting price

[loud pagoda]

so that means ppl who don't know lbp at all ape in at start?

[lofty knoll]

Yes

And get rekt

[earnest tundra]

It's been said that only ~1.5-2mil coins will be in circulation at the end of LBP

so not a 1bil starting cap

[lofty knoll]

He meant valuation

[earnest tundra]

more like 150mil to 200mil

ah, got it

[worldly violet]

Which project had 500k first tx?

[west notch]

yeh true, i have 250mcap to start with $100 starting price

[loud pagoda]

so you mean bots doing it?

[fierce vine]

Rich people can suck at crypto too lol

[west notch]

lowest it can go is like $10m i think

[lofty knoll]

We wont see 10$ I'm pretty sure

[west notch]

yea there's no way

[lofty knoll]

Those are the ones trading the BLBP. If you do so you forgo your right to claim NFTs afterward

[west notch]

probably under $25 would be a good deal

[loud pagoda]

guess so too

[lofty knoll]

Your choice

[earnest tundra]

yeah, I think that would be the value if no one purchased

[west notch]

$10 is if no one purchases till the last minute

[fierce vine]

Think kieran said lowest is about 4.20 if no one buys. $10 is probably last day but good fucking luck waiting that out lol

[west notch]

personally aiming for anything under $60mil mcap

[worldly violet]

Seems rational imo.

Atleast for the bottom.

[west notch]

oh shoot yea was looking at the wrong column, $4.20 is the lowest on the last day

[fierce vine]

Ye it won’t hit that so I’m not even thinking Of it lol. I have a number in mind I’ll spend 75% of my fund at then try to hit dips

[west notch]

seed price was $3.3 right?

[lofty knoll]

Yes

[worldly violet]

Thought I read 1$ for private 3.3$ for seed?

[lofty knoll]

Presale was 1$

[worldly violet]

Do you know how much ILV was sold respectively?

Probably in the medium article but I forgot

[lofty knoll]

500 000 for presale and 1.5M for seed

[worldly violet]

Thank you sir!

[prime forge]

Hello, anyone crack the fantastic four and spiderman clue yet?

[raven echo]

Yeah I think sue has a thing for spiderman

[formal oar]

it was pointing to the female hunter leak, check it out in #🚰〕leaks

[silver snow]

u wanna see a leak?

[formal oar]

that was juicy.

[silver snow]

i got kicked for that from the server even

too juicy...

[lofty knoll]

🧐

Keep your strange links for vegetables out of here ser hahah

[sharp sinew]

Hello

[severe igloo]

jesus guys... that new website is SEHEEXYYYY

[livid tendon]

guys , every balancer ICO works on the same way ? about start expensive and then drops ?

[sage falcon]

yessir

[sterile ridge]

when is the game expected to be release?

[livid tendon]

i saw XEND balancer ICO , dont know how it starts but in the end the price was in the highs , like 2,5x from the begining

[finite hawk]

6 day countdown for balancer! for those who have done it, how stressful is it?! lol

[brisk pagoda]

nobody can tell you exactly how it will go. It's set up to discourage bots from frontrunning actual people but that doesn't mean it will absolutely go down at any point during the sale

[hoary furnace]

Hi , what is the price for ico ?

[lofty knoll]

IDO

100$

[idle terrace]

I think people should be mindful that while the circulating supply for the first year will be low. The inflation rate over the following 2 years will be huge. 1-2 million coins will hit 7-10 million over 2 years.

[lofty knoll]

3 years

But most of it after 2 yea

[idle terrace]

Yeah the first year the inflation rate should be not be crazy, but once the seed investors have their tokens unlocked it will rise fast

[lofty knoll]

They wont be selling tho

That's the key hahah

[idle terrace]

We don’t know that

[lofty knoll]

True.

[idle terrace]

They might be up 100-1000x by that point and want some lambos. We don’t know what they paid for ILV

[grave cairn]

around $3.5

[west notch]

2 years is a very long time in crypto

[idle terrace]

Where is this info coming from?

[west notch]

that's some serious commitment from backers

[grave cairn]

you already know the answer to that

I'm memeing a bit but someone here did the math with the amount they raised in their seed round and the amount of tokens they sold

[idle terrace]

Oh wow. Missed that. Thanks for the info!

[grave cairn]

oh, I didn't know those were the official numbers

noice

[west notch]

yield rewards are also locked for 12mo too

true

[idle terrace]

I think most people here will, most seed investors will probably take the ILV

Unless they bout dem games

[west notch]

v hard for them to lose, though i imagine theyll be motivated to keep the project supported throughout the two year vesting period

[idle terrace]

Yeah they bought in at 10-30 milling fully diluted value. Thats going to be some serious money unless this game flops hard.

[reef nexus]

Why would you not want ILV - you can always convert to sILV but you can’t convert sILV to anything, right?

[livid tendon]

guys i didnt understand well the ILV token since the game wil use eth

[worldly violet]

I was just thinking about if the gamers grinded hard enough with using the sILV rewards they might beable to outperform those who just take ILV 🤔

[livid tendon]

ah ok , and the people see value in governance type tokens ?

yeah i think the same

[reef nexus]

If the game is popular won’t ILV benefit regardless of market sentiment?

[worldly violet]

In theory

Can't you lock up ILV for 12 months and get rewards in sILV?

[idle terrace]

Yes

[sage falcon]

What is the body of water called in Illuvium

I had it and cant find it

[livid tendon]

guys why we dont see any gameplay videos on youtube about that game , normally the beta tester game programs leaks this kind of informatiions

[reef nexus]

I agree 100% - just curious why in game currency may be preferred, considering they’ll both move with the same tide. Regardless, I found myself here from searching games... it was very attractive compared to others ive seen

[sage falcon]

Ok someone @ me if u got the info thanks

[livid tendon]

ohh didnt know thanks i thought every game like this has beta tester program

[idle terrace]

Beta will be in 2-3 months I believe

[livid tendon]

understand

[idle terrace]

Crazy to me that people are willing value a game at 1 billion fdv without even seeing a gameplay video lmao.

[livid tendon]

yeah hahahah

the game appears some kind of pokemon with open world gameplay

[idle terrace]

But some people have said in here $100 is cheap sooo

[west notch]

1bil is not the fdv

$100 is just the starting price of the LBP

they are designed to start high and finish lower

[idle terrace]

Guys I understand, I’m referring to the people in here saying $100 is a good price. I’m also aware the total amount of tokens will most likely be less than 10,000,000. My point is that it’s very hard to value a game with so little info.

Hard enough to value a game with lots of info.

[west notch]

oh yea for sure, you're basing an assumption on the reputation of the team and backers and whatever tidbits are out right now, the trailer, artwork, etc...

[idle terrace]

I have my own value in my head that I’m willing to pay, if it never gets hit I’ll see u guys in uniswap and evaluate from there lol

[livid tendon]

hahahha

[sage falcon]

Ok Haha I just looked it up and than x'd out of it, now I have to run out for a bit it's not a rush though

[livid tendon]

which value you guys pretend to click the buy button ?

[stray haven]

This is starting out at 100 million dollar marketcap which I think is too high out the gate which we should see it drop to yeah around 60-50

[worldly violet]

4.20

[idle terrace]

I think decentraland could be huge but yeh very speculative at this point.

[livid tendon]

no way hahah

[worldly violet]

That'll be the end price if nobody buys for the whole 72hrs.

[stray haven]

Gala, axie, rfox are all worth between 180-330 million.

Set price for 100 million is fair but I would see it drop to 50 million and then it’ll earn its value over time as the game is released

This is a top notch game too so it’ll have value

[idle terrace]

100 million would be like $10 per for fully diluted value.

[livid tendon]

humm so for you a fair value would be 10 dol ? not saying that will achieve that ...

[idle terrace]

I don’t know what a fair value is and there’s a debate on what we should consider the amount of tokens in circulation due to seed investors being locked etc

[livid tendon]

ahh ok , nice point , i dont even guess how to do this math hahaha

[idle terrace]

I mean you could also buy higher than you’d like now but once the seed investors tokens start circulating the supply will be diluted very quickly

[west notch]

$10 would be ~24mil w/ current circulation and 100mil full diluted, not sure it will get that low with people buying throughout the sale but that would be an amazing deal

[lofty knoll]

Not exactly

It works the other way around

This is why there is only 7 million total now

The missing ILV are just not going to be minted

[idle terrace]

Yeah Aaron said the total supply should between 7-10million

[lofty knoll]

sILV only use is the game.

[idle terrace]

Due to sILV being yielded instead of ILV

[lofty knoll]

You stake to the next bull market

https://tenor.com/view/genius-think-be-clever-be-smart-gif-10617231

[idle terrace]

Me too lmao. I like the locking option so won’t even be allowed to fuck with it. I don’t think I’m doing the whole 12 months tho.

[lofty knoll]

My buddy outside of crypto has a hard time with it too

I'll try to explain

[west notch]

there's also variable staking

0 lockup, 1 month, 9mo and 12mo, with different weightings given for each

[lofty knoll]

Paper hands

[idle terrace]

I’ll probably do like 6-10 months I think

If I even buy any lmao

[west notch]

im just gonna stalk the contract and see what ape whales are doing

[lofty knoll]

Ok so yes 1B valuation seems high compared to normal games out there. But this is crypto, what you are doing is like buying into Ubisoft as a share holder and they would give the shareholders 100% of the revenue

Not happening outside of crypto

Happening here

This is not the only game

All are going to be based on the ILV token

[worldly violet]

I'm staking the 5 airdropped ILV for 12 months as soon as I can and take my sILV as reward. Then use what I can get from balancer to participate in other yield farming activities.

[reef nexus]

Interesting

[lofty knoll]

Please remember to not sell during or after the IDO and also to not move your tokens

Until you claim your NFTs

[worldly violet]

Yup I want my nfts

Has the team said if they will release the tiers for unlocking the nfts?

[livid tendon]

please explain

[reef nexus]

Leave in MM right?

[worldly violet]

Pretty much buy and don't touch till you get your NFTs

[lofty knoll]

Just not moving them. A snapshot is going to be taken

[idle terrace]

So if I buy at a 1 billion valuation. And I invest $10,000. The game would have to generate $100,000,000 in sales per year for me to get $1000 per year in revenue.

[lofty knoll]

Letting you claim your NFTs with that address

Through the website

[lofty knoll]

Yes

Which is easy

[idle terrace]

What does axie do?

[lofty knoll]

Dont forget the changing valuation of the token itself and of ETH

The vault pumps the price of ILV

[idle terrace]

Of course but I want people to understand the revenue portion.

[livid tendon]

im new to this , sorry , so will buy through metamask connected to balancer , once it happens it will go to my metamask , and if i leave there i will receive NFTs ?

[lofty knoll]

Yes.

Leave them there

Until you can claim your nfts on the website

[livid tendon]

thanks

[idle terrace]

What makes you 100,000,000 in sales will be easy? 100k players paying $1000 per year?

[lofty knoll]

Let's say you have 500k players that all spend around 50$ per week on the game. You get 1.25M dollar of ETH in the vault. If you have 0,01% of all the tokens you get 125$ per week basically if the token price doesnt change ever

Lol I'll be spending 1k in a week lol

[idle terrace]

$50 a week is insane for a centralized gamer!

[lofty knoll]

This is crypto.

Your 50$ you spend one day could be valued at 500$ the next day

Play to earn

[idle terrace]

Are there even 500k crypto gamers right now?

[lofty knoll]

That was included

I took 5%

[lofty knoll]

We will onboard a lot of players

[idle terrace]

How many people play axie? What’s their revenue per year, do we know?

[lofty knoll]

Because the game doesnt look like shit and doesnt cost 400$ to start. Wasnt talking about any game in particular.

[fierce vine]

One thing I’m hoping for is people having a stake in the success of the game pushes players to try to expand the player base. Especially if there’s a referral system that gets added later this is a perfect environment to have player peddlers.

500k maybe a couple years down the line but that’ll take some shilling from ILVers

For sure they are. I was mainly focused on just adding ways to have people push the player base.

[idle terrace]

I’m new to NFT gaming so I’m trying to understand the space better. All I know is there is no NFT games in the mainstream currently I.e. twitch

[lofty knoll]

No for the reasons I explained

The barrier on entry and the fees are too crazy

Illuvium solves that

[idle terrace]

It might solve it. Depends how steep the paywall progression is.

[lofty knoll]

Would you still play fortnite if you could own all your skins and resell them as you which + making $$ from the game revenue? I would lol

[fierce vine]

For sure. If it’s $100+ to even get actually started in the game you’ll get crypto people but won’t get mainstream people 100% for sure.

[lofty knoll]

To make money you don't even need to play the game

[idle terrace]

Fortnite is also a totally fleshed out multiplayer experience. This might be a glorified p2w mobile game for all we know.

[lofty knoll]

You could just be a marketplace shark

sitting there making $

[idle terrace]

I made $5k in 2 months on the Diablo 3 real money auction house when it first came out

[lofty knoll]

There you go

You have your niche here too

[fierce vine]

Sorry did you ping me?

[lofty knoll]

Yea man

[fierce vine]

That’s going to be 75% of my time lol

[idle terrace]

So that’s why I’m interested in games like this but it has nothing to do with how much I’ll spend on ILV lol.

[lofty knoll]

Degen assemble

Don't buy ILV if you don't want to

[fierce vine]

Yeah you don’t have to invest in ilv to play the game.

[lofty knoll]

Nothing of the game forces you to have the token

Compared to other games

Where you need to currently invest in lands and stuff and the game maybe never come out

PTSD from Star Citizen lol

[idle terrace]

Yeah we were talking about the valuation though. I’m playing the game either way.

The hard part is figuring out if it’s worth investing in as wel

[lofty knoll]

I'll say that it is worth it

Do what you want with it haha

[fierce vine]

It’s worth it as much as any investment is, spend what you are okay with losing.

Don’t use rent money to invest in ilv it’s not worth that lol

[idle terrace]

Well no shit guys lmao.

[lofty knoll]

This is the best play for me in years tbh. I am more on the cautious side of things in crypto

I don't do microshittrashcoin

That 50x your money in 2 sec

Do what you want haha

[idle terrace]

I love the idea of it but I’m not going to invest high when I think I can get it cheaper later. I’ll be investing at some point either way. Either on the blpb or uniswap later

[lofty knoll]

I think you have enough information to have a strategy at this point and making a decision

[sage falcon]

Who came up with the "the future is female" crap in the twitter post? Very Sexist. I don't support this game.

[fierce vine]

Good strategy for sure

[lofty knoll]

Good luck on the free market but this is a good strategy

Demand >>>>>>>>>>>>>>> supply

[idle terrace]

Agreed except we still have seen any actual gameplay or fight mechanics.

[lofty knoll]

Lol that's rude. What is wrong with wanting to bring more female in the crypto world

[idle terrace]

The blpb is also the free market. The private market portion is over and they got a hell of a deal.

[fierce vine]

Yeah I just ignored the neck beard lol

[sage falcon]

If only that's what they said...

[fierce vine]

I agree. Would be cool to see a full gameplay vid before balancer

[lofty knoll]

Yes because they bring something to the project. There is a reason why they got the deal. Exchanges listing, expertise in DEFI, etc.

They chose very carefully the investors

[livid tendon]

guys any eth coin to send from binance to metamask will have a standard ~ 20 dol fees , does not have a way to bypass it right ?

[idle terrace]

Yeah and those bastards better put in some work to there 100x profit lol. Not giving them a 1 billion dollar valuation 3 months after they signed on lol.

[lofty knoll]

To metamask no

Between CEXs use XRP or some fast shit like that

But to send to metamask you have no choice no

[foggy needle]

will the holo be usable in game?

[lofty knoll]

They are for one, and secondly most BC ventures normally do crazy return straight at the ICO and can dump on people with their 500x return

[worldly violet]

Not the promo NFTs@foggy needle

[lofty knoll]

This is not happening here

[foggy needle]

k

[lofty knoll]

No Illuvials obtained before the game launch will be usable

@idle terrace Start a Blockchain Venture Capital organisation

It takes money to make money this is how the world goes haha

You are already a step ahead by being in crypto so you are good

[idle terrace]

Lol. I didn’t get to where I am now by blindly trusting in handsome charismatic people. Everyone gets along on this channel because they all think they’re gonna get rich together. If it goes south, this place will be a dumpster fire. I’m playing devils advocate because I want people to see different points of view. Not just trusting the echo chamber.

[foggy needle]

yeap just being here you all ready winning most people i talk to look at me side ways and just say must be a scam

[lofty knoll]

I place my money where I think it is best invested

You do you

No need to start a debate or playing devil's advocate really

If people are here is because they are interested enough

[idle terrace]

Absolutely. I hope everyone gets rich! I really do!

And mostly I hope the game isn’t a piece of shit, cuz I’ve been bored as fuck

Otherwise I wouldn’t be spending my time arguing with u beautiful people 😂

[lofty knoll]

The art speaks for itself. There was not that much leak when I got here and I was already convinced

Everybody is different

[idle terrace]

Yeah I get that, some people will just want to collect. I know plenty of people who collect Pokémon cards that don’t even know how to play the game.

[lofty knoll]

Have you listened to the last AMA

Very informative

[sage falcon]

Lol. Clear as day sexist rhetoric. But hey, some dudes just love being belittled. All the best to you and the game.

[idle terrace]

Was there a new one today? If so, I have not.

[main cedar]

how do i buy ILV can someone explain from A - Z

[lofty knoll]

If you feel so insecure with your masculinity I'm sorry for you

[lofty knoll]

I'll send you a mini tuto in DMs ok?

[plain delta]

Someone who buys at the start will only have an issue if the price doesn’t go above the starting price. Balancer pools can and do finish above the starting price. Depends on the valuation compared to competitors.

[fierce vine]

What lol. I didn’t even reply to you. Go smoke some weed and stop finding things to be grumpy about

If you have a shitty life and need someone to talk to lmk and we can chat. Otherwise go somewhere else.

[inner topaz]

Yeah I’ll find it this morning

[graceful sandal]

Hey guys is there a whitelist to join the balancer launchpad or have I already missed out?

[inner topaz]

No white list. Free for all

[graceful sandal]

Awesome thanks for the info, hopefully I can get in. Very interesting project, keep up the good work.

[inner topaz]

Thank you sir

[main cedar]

Whats the highest price you guys are paying for ILV? Everyone put your answer below so we can see how to community is feeling

[livid tendon]

thats tutorial is good, helps me a lot

[lofty knoll]

Glad to be helping

[lofty knoll]

That is too personal for some people

[main cedar]

how is it personal?? it would be helpful for eveeyone to get an idea of what other people are thinking

[lofty knoll]

Because when it comes to it we all become greedy and keep our strategy for ourselves hahah I'll tell you my entry after the IDO

[livid tendon]

i think folks are thinking on 50-60

[lofty knoll]

Also we do not want people taking what we say as financial advise

[main cedar]

with that mindset were not going to get anywhere we need to coordinate as a community

[worldly violet]

You think ILV is worth 135mil off the bat?

[lofty knoll]

This is not going to work. Trust me hahah

[main cedar]

im sorry for you being so pessemistic

[livid tendon]

idk

[lofty knoll]

We tried to coordinate people for a simple leak vote and it really didnt go as planned lol

That is why I am saying that

[worldly violet]

For contrast, with circ supply of axs, AXS is worth 175mil at the moment.

[lofty knoll]

This is big financial decisions and move for a lot of people here so everybody does their thing

And their choices

[minor sky]

👀

hello there!

[livid tendon]

so a value of 50-60 will represent a 135 mil cap , is that right ?

[worldly violet]

If you look at it like the circulating supply of ILV at 2.5m and 55$ per ILV

Total supply of ILV is 10m. But all the pre and private sale ILV is locked for 2 years if I'm not mistaken.

[livid tendon]

understand, thanks , yeah with that info i think gonna wait to lower prices

[worldly violet]

But that's if the avg price for the whole balancer sale is 55$

Very hard choice because illuvium is full of talent from what it seems. It might be worth more than axs of the rip! 👀👀👀

[livid tendon]

dawn, wish ICOs could just fix a price so i will not have to think about hahaha

[worldly violet]

Lol. Where's the fun in that!?

[livid tendon]

i could think in other things hahah

[spark siren]

Guys, do you know on average how high/low are the fees in balancer?

[livid tendon]

i think is cheap with coinbase walet , since metamask you will need to pay eth gas fees

[worldly violet]

Well the actual transaction would be the same on coinbase wallet as metamask if the tx was sent at the same time. All depends on ETH gas fees.

[lofty knoll]

With coinbase wallet also

[earnest tundra]

yeah, you're going to be paying gas fee's

unfortunately, other fee's will probably not be noticeable with gas fees 😦

[graceful sandal]

Think you can send me that mini tut as well? Thanks in advance

[lofty knoll]

Done

I don't share publicly yet because a lot of things will change

But it will give you the idea

[spark siren]

Alright so it's "only" normal gas fees

[livid tendon]

humm but like if im on binance, i will pay gas fees sending to metamask and pay gas fees buying on balancer , right ? im thinking create a wallet on coinbase to send some low fee coin to convert on coinbase wallet and just pay the fees buying on balancer , is that think right ?

[lofty knoll]

Withdrawal from binance is only like 18$

[worldly violet]

Yeah either way you'll have to pay the fee to withdraw any funds from an exchange wallet to a wallet that you would want to use to access balancer.

Then pay the tx fee to buy ILV