💬〕general

[hoary patio]

So , yeah the smart thing to do if you just want to just invest a small amount, say 1000us?

[somber edge]

no lol, its $75 rn

[sturdy frigate]

Can't give investment advice.

[hoary patio]

I'm confused as to why you would want it to be high?

[sharp fog]

More profit

[plush pier]

He's already invested

[past marsh]

i really don't understand why people ask what price they should buy things at? like are you expecting anything besides a troll answer?

[sturdy frigate]

When ever I spend eth on something I try to read all material put out about it and form a thesis. I very rarely flip for the short term

[somber edge]

@hoary patio must be cause he alrdy bought

@past marsh Because this is my first ICO with this kind of tokenomics

[sage falcon]

Just buy when it starts rounding

Don't fomo in 🙂

[sage falcon]

People are really clueless , most people have (still) no idea how the Balancer auction works. But yeah noobs get rekt nothing new, especially in this type of auction

[past marsh]

yeah that's fine. and i certainly have no problem with people asking questions so they can make an informed decision. but there's no fundamental value to these things. 90% of the people are jsut trying t flip for a quick buck. asking where you should also buy to flip seems like it's not going to get good answers

[sage falcon]

It is kinda sad cause if the noobs get rekt, it will hurt the image of the project so it is concerning tbh, but lots of opportunistic tokenflippers also in the mix. You will see how the discord looks like in a few months. Always the same.

[sturdy frigate]

Go to #📣〕announcements and read everything posted including the links before you spend any eth. That is my financial advice

[stoic yew]

I see alot of people getting burned by this sale

will be a learning experience for them

[fallen zinc]

@sage falcon noobs get wrecked everyday

[slim sonnet]

I made sure to understand this as much as I could before jumping in, it's hard to resist FOMO but I'm damn glad I listened to @inner topaz and others when they said DON'T ape in plus learning from vids, docs etc. IF the swap was working correctly I would have made a decent dime on a quick flip but still, even that would have been incredibly risky.

[fallen zinc]

Won’t affect the project at all

[past marsh]

in the long run balancer pools are better once people understand them. it's much worse to be fighting bots for tokens and get screwed that way

[grave swift]

are they going to keep ILV on Balancer after the 72 hours? Or is the 72 hours just for the NFTs?

[hoary patio]

I had thought that the case

[brisk pagoda]

most of us are chilling. you have to understand the really vocal ones are the minority. If you have questions just head on over to #814313779696238642 🙂

[sage falcon]

Balancer auctions are nothing new, but in prior balancer auctions there were on the sale website clear warning signs and text that the tokensupply goes up during the sale. Also an interactive chart or hell maybe even just a picture of the curve on the site would save some noobs.

its 1m tokens and 963 716 are left now. so yeah if u are buying the first 40k tokens out of 960k its high chance u get rekt.

[lofty knoll]

Just for the IDO.

[past marsh]

also balancer pools are designed to jack up the price on the initial purchases. the weighting makes the liquidity very thin to begin with

[stoic yew]

In either case of if presale = $3 and you but you buy over $50 you deserve to be rekt when the tokens unlock

[past marsh]

it's literally designed to stop front running and bots

[grave swift]

THANKS! 🙂

[sage falcon]

you mean the first buyers get hurt a lot? can you elaborate?

[lofty knoll]

You CANT have a chart with ETH pairing. Get over it please.

[fallen zinc]

Haha

[sage falcon]

Okay but warning signs lol that we can have its sad to read messages of people here who bought up and got rekt. Caring about the community.

[brisk pagoda]

personally I disagree and think you can't judge based on presale prices. All depends on what you think the true valuation is. At this point everything is speculation and everything is possible

[past marsh]

in a normal pool the weight of the pairs is 50-50 and the only downward pressure on price is other people selling tokens that they have. so you need people who bought pre IDO to offer up tokens to drive down the price. otherwise it just sits there. in a balancer pool the initial weight is misbalanced. the weight of ILV is much lower than ETH so a small purchase of ILV will cause the price to go up a lot. over time the pool normalizes itself. each time the weight adjusts you're effectively saying there is more ETH per ILV in the pool now so price of ILV in ETH terms decreases. this happens over the course of a period of time, in this case 72 hours.

the team has written a lot explaining this, much better than i can

there are also other projects that have used this with faqs. i personally liked https://lbp.radicle.network/faq.html

[mortal rover]

How much did seed investors get in for?

[idle terrace]

Hold ur fire but Aaron said earlier they were working on getting a live chart. So that’s not gonna happen?

[mortal rover]

Read that is was 3 bucks a token is that correct?

[fallen zinc]

@brisk pagoda long term crypto investing 101. Buy as close to seed/ico/ido price as possible. This is crypto not the stock market. A coin can have a million reasons to have “intrinsic value. Still going down 95% In a bear market

[sage falcon]

Ah thanks that makes a lot of sense also explains why the price overshoot so hard in the beginning lots of people bought up like 1-2% of supply with thousand of ethereum

[chrome topaz]

well depends psychmike

[fallen zinc]

It’s not buying apple stock that’s undervalued where worst case there’s a bear market and you hold through a 50% drop. Great projects drop 95% plus

[chrome topaz]

do you really think that more adoption isnt happening

[fallen zinc]

I do

[chrome topaz]

also the fact its not vapour ware 2017

[fallen zinc]

But that doesn’t matter

[vital quiver]

March 30, 2021, 7:42 PM 35.012 WETH 887.888 ILV $97.16
March 30, 2021, 7:42 PM 859.198 ILV 35.012 WETH $96.6
look at this some kind of bot making transfactions like this all day... manipulating the price and winning with the difference, at zero risk... it start at 3:52
March 30, 2021, 3:52 PM 33 WETH 717.128 ILV

[past marsh]

if you want a more technical read here is the balancer doc https://docs.balancer.finance/guides/smart-pool-templates-gui/liquidity-bootstrapping-pool

[fallen zinc]

Bitcoin is the bouncer at this party

And the crypto markets and bitcoin will have a bear market

[chrome topaz]

bitcoin wont drop 80% again

[fallen zinc]

And when that happens even the best projects will collapse

Well you don’t know that, and neither do I

But I agree..either way 60% to 70% is likely

[chrome topaz]

bitcoin is 1 trillon markwt cap now

[sage falcon]

@chrome topaz it's been that way for a while

[fallen zinc]

So saying it “won’t” when it always has is actually not the most likely outcome

[chrome topaz]

if it follows gold it wont dtop 80%

[fallen zinc]

It’s nowhere near gold

[sage falcon]

but how is it that the weight of Illivum is at 93% and eth at 6%? shouldnt it be the other way around?

https://pools.balancer.exchange/#/pool/0xd0dd7451d58318d8d528b83a8f45b0a22b7eacd1/

[fallen zinc]

Market cap isn’t what makes bitcoin drop

It’s tokenomics

[sage falcon]

@sage falcon no you want the weight of WETH to be higher

[idle terrace]

Well I’m still putting my money into Bitcoin rather than gold.

[fallen zinc]

1 trillion market cap can drop 70% no problem

[sage falcon]

but we started out with small amounts of tokens and they increase over time or not?

[fallen zinc]

Happen to silver in 08

Which is a way slower moving market

[chrome topaz]

every four years bitcoin halves its supply from comig out

[past marsh]

i'm not smart enough to explain the mechanics of the weighting properly

[fallen zinc]

Yes and ever 2 years before..it has a bear market

[chrome topaz]

so it becomes more and more scarce

[fallen zinc]

Because whales who own this market, sell when on chain fundamentals are flashing red

And then they rebuy the bottom

[chrome topaz]

we also have institutions investing into their treasury for the first time

[fallen zinc]

Yea, but it’s really not that much..it’s a lot for us

[chrome topaz]

theres so many new dynamics

[fallen zinc]

But not compared to over bitcoin holdings

Square micro Tesla

[chrome topaz]

different outcomes create different results

[fallen zinc]

It’s not different though

The narrative is different

It’s still the same

[chrome topaz]

more user adoption

is a different outcome

[fallen zinc]

Early miners have btc bags that would make Michael saylor looks like a guppy

[idle terrace]

I think crypto has turned a corner...could blow up in our faces but I guess we’ll see

[past marsh]

the scary thing about now vs 2017 to me is with defi, there is so much more leverage in the system. people putting eth on AAVE to borrow and buy more eth. when if we have a really big dip that's going to really hurt when everyone rushes to unwind. leverage is what blows up financial markets

[chrome topaz]

but when you have people trading btc for assests

and not liquidating there btc for fiat

[brisk pagoda]

I'm not asking for a lesson here and don't act like you can predict the future lol I just don't think saying people 'deserve' to get rekt has any constructive place here

[chrome topaz]

it will change how btc falls against usd

[fallen zinc]

@past marsh no one should get wrecked

I agree

@chrome topaz I’m obviously not going to change your mind. Which is fine: but after 3 market cycles, nothing ever really changes. I think it’s likely that the next bear market is shallower, especially if we get an etf

But the notion that we won’t have one, and that it won’t be crushing either way is just not how markets work

[past marsh]

i think the main saving grace is there's a lot more real projects out there now. so much harder to go to zero than back in 2017

[fallen zinc]

And when people say “this time is different for this or that reason (which has happened for the last 3 cycles I’ve been in) that’s when you want to be prepared

@past marsh most definitely

Agree 100%

We’ve come very far

But stocks are really companies, that have actual stuff regular people buy everyday, and stocks still drop 80% in a bear market

It’s human emotion,. It always happen. That’s what a market cycle is

We are in euphoria right now, and soon enough the chickens will come home to roost

[past marsh]

yes that and leverage. if you're unlevered and things drop 50% it sucks but you'll live. if you're 4x levered and things drop 25% you're broke

[fallen zinc]

All the fed has to do is raise rates and bitcoin, altcoins, stocks gold

Going down down baby

[bronze lark]

is there a place to see the price chart during the current bootstrap?

[fallen zinc]

Which they will do soonish because the 10 year bond is going parabolic

[rough fog]

Hey guys one question about the ido. If the pool goes 50:50, or even if we reach the 3rd day. What happen with all the ilv which wasnt sold? Are they going to the yield pool?

[weak axle]

Yes it is

[twin ibex]

i mean there is a reason the term bull market and bear market exists...to assume we are never hitting a bear market again is probably setting yourself up for a bad time

[fallen zinc]

Very bad time

I’m looking to go risk off not risk on right now

[restive cedar]

if i use eth instead of weth is it more gas fees

?

[fallen zinc]

Sell to the greedy, buy the blood

[west thunder]

hey guys can you help me please cant we buy ilv anymore?

[idle terrace]

Same thing has been said the last 9 months. You lose more money waiting for it.

[weak axle]

What help do you need dude

[fallen zinc]

No it hasn’t..the 10 year has been rising for like a month and a half @idle terrace

There’s a difference between people talking about it and the actual market showing it

[sage falcon]

does somebody know when the nft raffle ends

[fallen zinc]

@idle terrace but I haven’t lost any money I’ve been all in pretty much gain every the covid crash haha

[weak axle]

When sales ends

[twin ibex]

bitcoin price just needs to hit a level where the profits make sense to take and shift, and the potential benefits of dumping outweigh the potential benefits of holding. the whales will start it, the auto triggers will accelerate\ it.

[west thunder]

when does sales end?

[weak axle]

Yes please is on the link

[sage falcon]

i mean the nft from alex

where you have complete some tasks

[weak axle]

Aww no I don’t have a clue; write him

[fallen zinc]

Bitcoin dom looks like it’s about to die. Alts could have a serious season on the bitcoin pairs

[west thunder]

i cant purchase ILV???

[sage falcon]

@past marsh u know how to calculate how much the price would go down if nobody would buy at this moment ? like how to calculate the exact pressure of the pool going to 50:50 on the current price

[weak axle]

Use this link: http://swap.illuvium.io

[idle terrace]

The top is in?

[fallen zinc]

I don’t know lol

[idle terrace]

Correct answer. Lol

[fallen zinc]

I think we are getting close to stock market 20% correction at least

[west thunder]

Thanks bro till when can we invest?

[fallen zinc]

Odds favor that, usually there’s a 20% snap after a year of bullishness

[weak axle]

Just study the trend and watch the prices you think is fair to buy

[west thunder]

i need this info because i arrive at home in 2days 😦

and i have to go home for purchase

[fallen zinc]

My thesis is that bitcoin tops out sooner than later, the aggressiveness of this move reminds me of 2013

Also on chain data shows an accelerated trend vs 2017

[west thunder]

What do you mean?

[short scroll]

anyone have a link to the yield farming post

[fallen zinc]

Not to mention being bullish on bitcoin is the most crowded trade I’ve ever seen in my life

[weak axle]

Use this to check prices; https://pools.balancer.exchange/#/pool/0xd0DD7451D58318d8d528B83a8F45b0a22b7EAcD1/

[bold crag]

hello

[safe plover]

We back to $50 yet?

[weak axle]

$78.25

[safe plover]

@weak axle noice

[keen helm]

$3.3

[weak axle]

Thanks 🙏 guys; I have learn a lot from your thesis and I will improvise

[chrome topaz]

i never said we wont have a bear market

[safe plover]

Hopefully this will land on chartex soon

then should see some lvls for buy ins

[fallen zinc]

Oh sorry @chrome topaz I thought that’s what you were saying

[pale trail]

what was the high so far?

[fallen zinc]

I misunderstood

Hard to keep track this room moves fast

[chrome topaz]

i just dont think we will have an 80% drop on bitcoin

[knotty escarp]

This.

[keen helm]

$140 but was only for few mins

[idle terrace]

~140

[weak axle]

Please open the link and you will see current price of ILV . Kindly look

[short scroll]

any idea when preilv switches

[barren scaffold]

I would be weary of taking financial advice from people in a general chat. Community's awesome but no one in here knows what's going to happen and those that love to preach the future are usually channeling a lot of baggage. No offence to anyone!

[pale trail]

🤣

[west thunder]

ah ok thanks

[keen helm]

$20 incoming

[idle terrace]

This should be in the Bible 😂

[chrome topaz]

what creates a super cycle

[knotty escarp]

Yeah, seems like majority of folks have no idea how AMMs work, etc. Also, most aren't even reading through the Medium posts lmao

[west thunder]

50Dollar gas fee lol

[chrome topaz]

only one thing creates a super cycle

[fallen zinc]

@barren scaffold no one should take my advice. Dyor

Lol

[chrome topaz]

adoption

[pale trail]

how is there no chart? they serious?

[chilly compass]

Hi

[knotty escarp]

Lmao are you serious? Do you not know how this works?

[olive briar]

So... does anyone know what they’re going to set as the original price or ETH ratio in the Uniswap pool when the sale ends?

[fallen zinc]

@chrome topaz im not in the super cycle camp

[keen helm]

too early

[fallen zinc]

Bitcoin has been in a super cycle since inception

[weak axle]

Also look down on the exchange to know the available ILV

http://swap.illuvium.io

I hope it helped

[fallen zinc]

And adoption had been happening this whole time

[idle terrace]

Tidal had a chart.

[chrome topaz]

defi is a game changer

[uneven anchor]

Anyone know what is happening with pre-ILV tokens that were airddropped? Any links where there is info?

[keen helm]

960k left

[fallen zinc]

But I know that’s a popular theory I just don’t agree with it

But I hope it’s right

And I’m wrong

[glad osprey]

Just so we know

[pale trail]

bro other LBPs had good infos.. i was in the 1st one ever with Perp

[chrome topaz]

the only thing stopping adoption at an accelerated rate is eth not being 2.0 yet

[sharp fog]

If you want a chart use 1inch and add the contract

[fallen zinc]

Because we will all be rich

[knotty escarp]

Bruh it was launched today morning. Just give it a couple of hours at least

[chrome topaz]

act accordingly

[west thunder]

👌🏻 thank you very much

[olive briar]

So... does anyone know what they’re going to set as the starting price or ETH ratio in the Uniswap pool when the sale ends? 👀

[chrome topaz]

the markets trending till its not

we are super early regardless if the super cycle is real

[idle terrace]

8/72 so far

[chrome topaz]

but what causes a super cycle is adoption

[fallen zinc]

@chrome topaz the thing that most people miss about the “super cycle” is that while mainstream adoption may happen, it doesn’t necessarily mean things are going to go up as high as you think. Mainstream adoption gives you market saturation. Where essentially the size of the market up until that point swallows more of the demand

[weak axle]

I think it’s a prediction and it’s 50/50
It’s up to us to learn and be smart
There is nothing new under the earth ; whatever has happened would happen again like the scripture says

[fallen zinc]

Which is why smaller market caps have larger gains the. Mega caps

[chrome topaz]

amazon chart

is an example of a super cycle

[weak axle]

Currently Tokens left: 963101.604520

I think and hope you have familiarize yourself and you are good to go! ??

[fallen zinc]

That’s called a compounder not a super cycle. Amazon produces profits and growing profits means a growing share price. Bitcoin does not produce revenue

It is a commodity

[west thunder]

do you think i will be able to buy tokens in 2day or will ther be gone

[chrome topaz]

but defi adds value to bitcoin

beyond it being just a commodity

[fallen zinc]

Don’t get me wrong

I’m as bullish as you

[chrome topaz]

defi is like the future of france

[fallen zinc]

I just don’t think we get to the numbers without 4 year cycles and halving

Fuck France!

Lol

[weak axle]

Was the number

[idle terrace]

U got about 64 hours

[fallen zinc]

Imo, gaming will onboard far more users than defi

Gaming, is where all my long term chips are going for 100x-1000x returns in the next cycle

[barren scaffold]

Niceeee

[west thunder]

they will close after this

64houre

[fallen zinc]

Yuge!

[weak axle]

Thanks 🙏

[weak axle]

You have 72 hours starting from the time the sales launched. Just keep watching and studying if you can. You have up till Friday 3 pm -GMT for sales to end if I am right

[sage falcon]

yo guys any word on when the game is launching?

can u sell the rhamphyre NFT? Or are only the other NFT tradeable before the launch of the game? And if so where can you trade those?

[knotty escarp]

I think July

[sturdy frigate]

Q3

[idle terrace]

Have fun with that 😂

[chrome topaz]

so far im dissapointed

with most nft games

like chain gaurdians

like what dog shit is that

[drifting saffron]

Barely any sells but price keeps going down this thing is rigged

[fallen zinc]

https://www.tradingview.com/x/XEL4njWL/

[sturdy frigate]

Try gods unchained and blankos. Those are the two I'm most excited about besides Illuvium

[fallen zinc]

@chrome topaz

[past marsh]

@chrome topaz that's because most nft "games" are thin UI layers over a defi protocol

[fallen zinc]

@chrome topaz that looks to me like a parabolic advance. Not a sustainable trend. The reason I don’t believe the super cycle narrative is because we have been in a super cycle for years, on the log chart we’ve been in a decade long bull market.. we just correct harder than Amazon and Apple because of tokenomics

[past marsh]

as long as games have scarce items they're going to be dominated by speculators and people in it for the economics. for a real game with tradeable assets you're going to need infinite supply. otherwise it's going to basically impossible to make the balance not pay to win

[fallen zinc]

So I think that trend continues moving forward, but it would just be business as usual

[idle terrace]

So what’s ur take on ILV?

[chrome topaz]

this was bitcoin in 2016 to 2017

[sturdy frigate]

I disagree. That is easily negated by making the rare items skins only. As long as they don't give you an advantage it shouldn't be an issuje imo

[violet moat]

whats the current weight

[past marsh]

yes that's true. if the only thing you can trade for value are cosmetic that's fine. but currently that's not what these projects are doing

[sturdy frigate]

In both blankos and gods unchained it is. I don't know about other games

[worldly violet]

93.4/6.6

[fallen zinc]

@chrome topaz yes, I’m aware. I was there lol

What are you pointing out in the chart

[chrome topaz]

that its all relative

[past marsh]

gods unchained is cosmetic only? isn't it the collectible card game? i thought you bought rare cards? admittedly i've never played it

[fallen zinc]

What you just showed was a sustainable uptrend

[sage falcon]

whats the m0z4rt skin for in the game? some kind of pet? lol

[lofty knoll]

The drone yes. Read the mediums.

[red geyser]

more like tool

[sturdy frigate]

The very rare cards are only cosmetic. But I think with defi there is unique opportunity to give rare items utility that doesn't give an advantage in gameplay

[inner topaz]

We are building out livecharts now, and we have submitted our price feed to coingecko. We will have live charts up ASAP. For now please use the Balancer link in the announcements channel. Apologies for any inconvenience

[fallen zinc]

What we have now is not that @chrome topaz

[chrome topaz]

% wise

how different is it really

[idle terrace]

DMs r cool

[fallen zinc]

@idle terrace that sucks bro

Maybe you should get out of GENERAL chat

[chrome topaz]

maybe people are interested in the discussion

as it relates to the overal market

which affects IVL

[sage falcon]

Great, thanks for the fast improvements !

[past marsh]

gotcha, did not know that. yeah i think there is definitely a lot of neat things you can do with blockchain to improve the community around your game. what i don't like is this whole trend of "play to earn". like the entire point of playing the game is to earn money now? that's called a job.... i want a game that's fun to play where i don't have to spend thousands of dollars just to start playing.

[sage falcon]

For anyone who has bought already or wants to buy what nfts would u mint after the sale and why?

[stable bison]

How are ma apes doin? Got Rekt?

[chrome topaz]

esports

have you heard of them?

[idle terrace]

Maybe you can find each other on the blockchain tinder.

[past marsh]

yes? again, esports pros have jobs. they don't play games like you and i do (or maybe you're a pro, i dunno)

[chrome topaz]

What I'm saying madcow

[red geyser]

shoebill because I've got a small wallet

[chrome topaz]

is if your looking for the gameplay experience like that

dota underlords

is free to download

Not every game is going to cater to your wants and needs

not to be blunt

[fallen zinc]

@idle terrace 🤣

That was funny

Sounds like an ico waiting to happen

[chrome topaz]

but thats the idea of a free market we get to choose what we like and invest accordingly

unfortunatley for psych mike im not gay and im married

[idle terrace]

100x moonshot for whoever wants it.

[past marsh]

sure. yes there are other games that i can play for fun. fine i agree with that. i'm not saying every game has to cater to what i want. i'm not telling you what you should do. why does every opinion on the internet get interpreted as an attack on your own personal beliefs? i'm just saying what i think. don't listen to me if you don't want to.

[chrome topaz]

sorry madcow im just pointing out

that some people

like the idea of having the opportunity to play to earn

[gritty terrace]

is this thing live?

[chrome topaz]

as axies in the philipines is thriving

i wouldnt be buying now shep

waiting for the balancer pool to go down

its currently around 70 dollars

[gritty terrace]

I'm not buying without checking the details

just asking

ok so it's like

waiting on the auction to go down

[chrome topaz]

yeah

[past marsh]

and that's fine. i think play to earn is great in many cases. the economic benefits of play to earn gaming for low income countries is amazing. i love it. i just don't want to see 100% of games being developed on the blockchain be that model. that's all.

[chrome topaz]

we bid when we think the price is fair value

[gritty terrace]

is there a chart available

[chrome topaz]

the market decides that till all are sold or till the 72 hours is up

chart eta soon

[sturdy frigate]

#💬〕general message

[chrome topaz]

theres some interesting models coming out

but your right in some sense its like a money grab

this play to earn model and those will fail

who don't offer value beyond it being play to earn

[past marsh]

and i would love to hear about those. i just haven't come across many. Illuvium is one of the more interesting ones to me from a gameplay standpoint which is why i'm here.

[fallen zinc]

In interested in monetization. Game changer

[chrome topaz]

i dont want to shill anything here but im aware of an mmo nft game ocming out which only the land is available

[fallen zinc]

Ember sword, star atlas, sandbox..anything with land to monetize I’m interested in

Illuvium is cool too though

A lot different

[stable bison]

This was more entertaining than Netflix last night

[fallen zinc]

Hahaha

[chrome topaz]

tell me more ami

[lofty knoll]

Exactly my thought too

Why buy a game asset that has a chance to never launch

Star Citizen PTSD

[gritty terrace]

there will be an infinite number of land monetizing crypto currencies. gotta see what they offer that will keep them a float

[chrome topaz]

can i show case my illuvials and and cool rare nfts that ive gotton with my stats embedded in the nft to show how much of a baller i am at the game

just fyi guys theres not land sale we just mucking aroungd

[gritty terrace]

I think the currencies that will stick around are those that offer utility beyond the game itself

[chrome topaz]

ivl offers revenue share

[sturdy frigate]

rev share is HUGE

[gritty terrace]

what drives revenue?

into the future

beyond initial hype

[chrome topaz]

purchasing pokeballs

[gritty terrace]

that's the question you should all be asking

[limpid parrot]

The price is currently around $70? Where did it start

[chrome topaz]

theres a list of what would create revenue

[swift breach]

Agreed

[chrome topaz]

and with governance

[vague raven]

1

[lofty knoll]

50

[swift breach]

It started at $50, pumped to $100, now is at $70

[chrome topaz]

we could vote on more ideas in the future

[swift breach]

Good tweet I found on it https://twitter.com/marktm000/status/1376991680650473473?s=21

T (@MarkTM000)

(1/9)
How would you rate the launch of @illuviumio's $ILV today?

$ILV launched at a price of $50 using a @BalancerLabs Liquidity Bootstrapping Pool, with an implied Fully Diluted Valuation of $500m.

But what exactly are buyers of $ILV getting, and at what price?

Twitter · Mar 30, 2021, 8:16 PM

[gritty terrace]

governance is a meme, people don't really care that much in the long term

[chrome topaz]

well governance will be cared about if theres a big enough following

if the game succeeds then governance is important

[limpid parrot]

It pumped? I thought the more you buy the more it goes down?

[swift breach]

I was referring to the question on price movement and Balancer functionality

[wintry palm]

People can play to earn income and enjoy the game at the same time. And there’s no reason for that to detract to much from the experience of people just wanting to play for fun. That’s always been my opinion with gods unchained anyway

[swift breach]

The tweet I sent is a decent explanation of how Balancer affected price

[chrome topaz]

i mean hearthstone if it had a model

where if i spent heaps of money to get a good deck

and i can resell that

[foggy arch]

we can both play for fun and money, is there something better than that ? lol

[chrome topaz]

im more likely to invest

knowing it has resell value

[brisk pagoda]

"For a platform with only a trailer and no tokenomics, you'd think they would look to benefit the DeFi community." math aside this is not a good look for credibility's sake

[sharp fog]

Sounds more like a guy that's bad at math and wants to buy lower

[swift breach]

I thought the balancer part was solid. What math?

[limpid parrot]

Thanks. So only 3% of all coins have been purchased?

[west notch]

that's pretty dumb besides adjusting the curve tbh. that's why i suggested a 60/40 or 70/30 curve in governance to keep the price going down throughout the sale

[swift breach]

Currently it’s about 40k purchased, so about 4%

[limpid parrot]

Ah okay thanks

[lofty knoll]

Yea ahahah

[hard mango]

is there a limit to how many of each nft there are in the balancer bonus selections?

[swift breach]

Na curve weights are correct and should be 96 or 98, it’s a basic graphing exercise and balancer has a bunch of posts on it

[swift breach]

The difference is the exponential curve type, not weight

[hard mango]

cool. Thanks

[west notch]

i meant the end weights

[swift breach]

Oh yeah I agree

[molten peak]

.

[swift breach]

Balancer actually recommends end weights of 2/98 ish

[sage falcon]

this guy who said all this on twitter is right

[swift breach]

Kinda agree tbh

[west notch]

end weights that are imbalanced like that just ramp the end price dont they?

[haughty zenith]

I agree this is a good tweet and helped me understand better. Moves past the hype. Thanks @swift breach

[chrome topaz]

i was sort of expecting the weight to go down faster

but over 3 days i guess

hasnt even been 1 day

[swift breach]

No not really. You can’t bring a pool down to 0, there always has to be a value of the opposing token. So if you’re doing a token sale and want to sell the max amount of tokens, you’ll make the end weight something like 2/98

[chrome topaz]

i disagree that it doesnt share tokenomics

like its crazy how high the price spiked

[swift breach]

Yeah I couldn’t tell if the post was serious in that

[chrome topaz]

with such a small amount of tokens sold

[swift breach]

So on the weight of you think about it, it’s very slow

[chrome topaz]

like whats up with that

why does the price spike so crazy

[swift breach]

We need to go from 96% to 50% over 72 hours

[idle terrace]

What’s ur average at so far?

[swift breach]

But it also depends on pokeWeights and reset frequency

[chrome topaz]

is the reason to stop people from buying all at once

[swift breach]

So basically it’s just going to be slow

[chrome topaz]

when you slow it down

it stops people gas waring

i wish i could of voted on a 30 million dollar market cap. surely that would be enough for the team right?

[swift breach]

No

Seed investors came in at 50 million

So it would need to be higher

[chrome topaz]

5 million

i was told

[swift breach]

They bought at like $3 a share

[idle terrace]

New idea. Gas fees per discord comment.

[swift breach]

Implied it’s about 30m FDV

[chrome topaz]

make your own discord channel and control it how you want

[sage falcon]

Where can I find the white paper?

[knotty escarp]

It opened to us at a $500M FDV

[swift breach]

Medium posts

[swift breach]

Yes yes correct, I’m referring to early stage investors. We got the short end of the stick at $500m FDV

[idle terrace]

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

[knotty escarp]

Yeah lol and they'll be dumping on most haha

[chrome topaz]

in 2 years

you still gonna be holding in 2 years defihodler

[swift breach]

Not dumping I don’t think. Most have at least 1 year holds

[knotty escarp]

Yeah dude 100% @chrome topaz. I'm the worst trader ever lmao

[sage falcon]

Thx

[knotty escarp]

What I like about projects like ALCX is that investors had to market buy

I don't like projects that offer early access to investors. Should be more democratized but well

So I'm not too eager to buy ILV if that makes sense

Pretty dope idea though

[fiery wing]

Are yall getting hyped yet

https://tenor.com/view/hype-toad-super-mario-shookt-gif-8033625

[gritty terrace]

I don'

[idle terrace]

I caught that yawn

[swift breach]

Agreed

[barren scaffold]

You can't compare ALCX to ILV in this way imo. One can easily be done by a couple crazy geniuses. Building a game of this type requires a lot more..

[gritty terrace]

I don't like the auction idea, we'll never know the right price point to buy in and it will leave a bunch of people rekt if they buy early

[swift breach]

Well the game doesn’t launch for like 6 months right?

So there’s no reward sharing till then...

[knotty escarp]

I disagree creez. It's like comparing apples to oranges. What I'm talking about is token distribution

[swift breach]

Can’t imagine it should be worth a ton

[past marsh]

what do you mean by right price to buy?

[chrome topaz]

un educated investers

will just ape and get screwed

which forces the price to stay pu

[lofty knoll]

Good night 😄

[chrome topaz]

and bots will be playing at this too

[barren scaffold]

good night!!

[haughty zenith]

At $1 I would have bought in a second. At $5-$10 would have considered. At the current pricing I wish the team well and am staying out of it completely.

[gritty terrace]

the launch on balancer starts and 100 and moves down over time 'to beat the bots' but it's going to rek a bunch of people no doubt

[knotty escarp]

@barren scaffold not sure if you are part of ALCX's discord but that's what you want from projects. The way they listen to the community is unparallelled. It was fairest distribution ever

[chrome topaz]

it already has wrecked people

but it was said as a warning

for people in the medium post

[barren scaffold]

Hmm not sure about the fairest distribution ever 😅 I watched it live mate

[past marsh]

but if it's a normal pool you're going to buy after all the bots buy first and get screwed that way no?

[knotty escarp]

@chrome topaz unfortunately most people expect others to hold their hand. It's just how it is

[past marsh]

at least a balancer pool the market price gets determined by where the majority of people end up buying. as opposed to a normal pool where it gets determined by the bots going in first

[gritty terrace]

at least most people understand this who have traded early launches where as this is new

[idle terrace]

Can someone give me the announcement address in chat. On iPhone and I can’t copy it.

[past marsh]

but isn't the solution to educate people on a better process? than jsut keep at the old broken one?

[gritty terrace]

this process is no less broken

[agile meadow]

There's a reason they did it this way. These people know what they're doing.

[gritty terrace]

people want to be early in crypto

[chrome topaz]

i agree in these market conditions it can wreck people

[barren scaffold]

not trying to start an argument about ALCX though. It's a great project and i've shilled it here before. The point I was making is that they are very different and distributing a token like ALCX would've been much much different.

[knotty escarp]

It's so that most don't get front run by whales and bots which is the best approach imo. LBP are going to be the future

[chrome topaz]

I'd rather a set price at 30 million dollar market cap then this

[knotty escarp]

Ah yes, makes sense

[gritty terrace]

it's leaving people to speculate on the right price point rather than let the market decide from the get go

[past marsh]

people want to be early in crypto because they think they will be able to flip it higher. not because they think the price they're buying at early is the "fair" value. this way it's not a mad rush at the beginning of people trying to flip but actual price discovery when people buy at the price they value the thing

[past marsh]

this is true if there is supply out there to sell into it for price discovery. that's not always feasible in an early stage project

[gritty terrace]

If you don't see how this is no better I can't help you

[past marsh]

ditto?

[gritty terrace]

in fact it's worse because you have to educate people

[past marsh]

i don't know how to respond to this.

[barren scaffold]

I've looked through the list of people that have sold back in to the pool and besides the ones that sniped first, everyone's pretty much got wrecked. It's doing it's job. Stay patient and you shall be rewarded! I'm going to bed anyway. Goodnight peeps! 🤗

[chrome topaz]

creating a barrier to entry

[gritty terrace]

don't then

[gloomy ibex]

people should be educating themselves

[knotty escarp]

+1

[chrome topaz]

isnt always a good thing

[knotty escarp]

Goodnight bro! Have a good one ✌️

[west notch]

rough trajectory for y'all, buy smart stay safe

[sharp fog]

https://etherscan.io/tokentxns?a=0x1c23fae057469757642a7ea479b867f1900e7f2f

That guy

[knotty escarp]

this one seems to be more likely, but let's see how it plays out

[west notch]

i have a few projections with buys throughout but this is my livefeed

[knotty escarp]

What I mentioned is based on the premise that random purchases are made throughout the sale

[gritty crown]

hioli

[knotty escarp]

Nice!

[knotty escarp]

@west notch you right

[gentle sorrel]

960,000 left? Lol

[swift breach]

Yeah this is from Balancer and I saw it previously. To be honest, I kinda hope it’s more of a straight line down. Most retail type investors aren’t willing to buy at this price

[knotty escarp]

Yeah, I think after it goes down to find support, it may follow the trajectory I posted above

But who knows

Anything is possible

[swift breach]

Yup. The big question is where is support

[west notch]

that one has the wrong starting price too

[swift breach]

And if it his 60’s, will whales start dumping?

[wet cobalt]

What happens if we all call the pokeweight function multiple times ? Is that what the 33 ETH order guy does every half hour, or does he know when the pool gets weighted down ?

[knotty escarp]

You're right. I got it from the Medium

[swift breach]

We can all call pokeWeight technically

[sage falcon]

I think a lot of people are about to be burned

Big volume of tokens still left won’t be able to maintain this price.

[knotty escarp]

Yeah it was bound to happen. Nobody is buying now so it'll push the price way down

[swift breach]

I really like ILV as a game and concept but I just feel like the ILV team is out for themselves and want to take advantage of the little guy

[wet cobalt]

I mean you look at the 1inch chart, the drops happen EXACTLY when the 33eth buy orders are set

[cerulean pier]

why is the price for ilv differant on 1inch and pool management? inch has it at $70.31 and pool has it at $72.05

[worldly violet]

Doubt this

[knotty escarp]

Honestly this is most people. Can't complain about this. It's just how this world works lmao

[cerulean pier]

balancer*

[primal hedge]

how is ilv still 72$ stop buying it wth do you guys not know how balancer works

[wet cobalt]

Can he just buy and sell on his own and call the pokeweight fonction and manipulate the market on his own ? Making between 30 and 50 bonus ILV each time

[swift breach]

Why do you doubt it? They priced the game initially at 1bn, that’s equivalent to Axie

Na pokeWeight is just a refresh

[knotty escarp]

That's FDV but I get what you're saying

[midnight halo]

did i read the airdrop thing right did everyone get an airdrop of 5000 tokens last month ? or was it 5000 total divided to everyone

[sage falcon]

Doesn’t make sense investors got in at $1.50 a month ago and now they are commanding almost 50x even though no beta has been released, I don’t understand how it goes up 50x without any significant progress. Let alone in a month lol

[worldly violet]

At that price point it was anticipated to drop heavily. My guess is thats why they lowered it

[swift breach]

It wouldn’t have dropped heavily. The balancer has a linear curve and it would’ve been a slow drop

[knotty escarp]

Divided

[worldly violet]

Think roughly 15k preILV has been airdropped.

[midnight halo]

ok thanks good to know

[worldly violet]

I just mean diverge away from the 100$ price point drastically.

[sage falcon]

15% of the way through the sale, only 4% of tokens sold, but we're at 40% above starting price...this balancer thing is funny

[primal hedge]

yea lock for a year is big risk thats like 10 years in crypto. market might crash by then

[chrome topaz]

dont offend with this im a sensitive human being

[swift breach]

You would need a complete lack of volume for that.

[primal hedge]

yea smells fishy

[sage falcon]

Assuming it stays the same 0 changes which many here would consider a disappointment, if you can find me any firm ever that says you can make 50x your fund value in 24 months I don’t know a single one that would say no.

[worldly violet]

My initial point was that illuvium is not after the little guy

[swift breach]

I don’t disagree. They’re out for themselves at that valuation though

[sage falcon]

Illivium is a great project

[primal hedge]

guys lets just see what happens honestly if we dont ape in we can get it at 10$

[sturdy frigate]

Thats not how balancer pools work. It was always expected to drop

[knotty escarp]

Too early to say

[primal hedge]

true

[swift breach]

Not exactly. Historically balancer pools end above the starting price.

[heady viper]

tbh, at this point to me it seems like the illuvium team were so successful in the hype generation that it backfired in the sense that they understimated noobs who wouldn't understand how the balancer pool is supposed to work - driving the price way too high, now creating the bigger risk of a huge majority of coins unsold.

no easy solutions to this, but i think best would be to adjust weights to create more downward selling pressure. tbh even $50 is still a high price, that would make fully diluted marketcap to be $500M already out the gate.

[sharp fog]

If coins aren't sold out, price goes down

[swift breach]

Agreed, sounds like that tweet I saw

[sharp fog]

Sounds like it's working

[swift breach]

Haha

Na they messed up based on historical balancer listings

[heady viper]

also, just because there are whales, don't necessarily mean they're smart. there could be just whales who aped in not understanding the balancer pool mechanics

[sturdy frigate]

They literally posted to not ape in. Noobs being surprised will learn to do their homework next time

[heady viper]

yeah, it's not the team's fault at all.

i think this is definitely unexpected on their end.

[sturdy frigate]

I feel bad for people that bought high but I actually think this type of pool is the best counter to bots front running us all

[minor sky]

if you are not resolute in your conviction, then you should not invest in an early stage product

simple as that.

[crude sparrow]

We've been on here for weeks telling people not to fomo in early.

[knotty escarp]

Yeah unfortunately there were a TON of noobs. Feels like 2017

[crude sparrow]

sighs

[primal hedge]

who has done a balancer ido before?

[minor sky]

ah i see that general chat is where the idiots hang out

[sharp fog]

Emb you're gonna buy at 1000 $

[minor sky]

later guys, have fun staying poor

[swift breach]

Why tell people not to FOMO and list initially at $100?

[primal hedge]

whats realistic drop from here?

[west notch]

in case anyone is curious about some recent LBP price action, usually a good dip in day one and two

[sharp fog]

You'll buy at 2,000 $

[swift breach]

It doesn’t add up

[knotty escarp]

Lmaooo I'm dead

[swift breach]

Lol

[sturdy frigate]

to discourage bots

[worldly violet]

Too much alpha. Delet

[knotty escarp]

You beat me to it, but ser, delet

[sharp fog]

what's column F

[knotty escarp]

Way too much alpha kek

[west notch]

hah, nah everyone here deserves to get a good price

[mossy nimbus]

Does anyone know how (it looks like one wallet) is trading back and forth but slowly accumulating more ilv? https://pools.balancer.exchange/#/pool/0xd0DD7451D58318d8d528B83a8F45b0a22b7EAcD1/swaps

[knotty escarp]

Just playing. Of course man

[west notch]

how many days the sale ran

[sharp fog]

Ah okay, nice

[primal hedge]

is it probable we get to 10$

[west notch]

no

[sharp fog]

1,000 $

[primal hedge]

staph

[worldly violet]

You could spill all the alpha in the world and there will still be some noobs who ape at 140..

[mossy nimbus]

They swap out of ivl and back in for the last time they did it a gain of 40 ivl and if you go farther back they have done it multiple times

[west notch]

p much

[pallid cedar]

Hi Sagey
Where did you get this char, was that https://1inch.exchange/. Or can you give us the link to this chart, thanks.

[restive cedar]

hey guys does anybody know if we incur more fees if we swap on normal eth rather than weth?

[knotty escarp]

it's the same

[restive cedar]

ok cool

[haughty zenith]

Yes this. I just think the valuation is crazy. I'll definitely play the game when released. Even pay to play is fine. But I just can't see the point at this price. I mean there are 100s of other coins out there you can get better returns at this pricing. Let's assume ETH, LTC, ADA anything like this can go up a 3-5X this year. I don't see a $70 ILV doing that.

[gloomy ibex]

botting, timing with natural downward pressure, adding downward pressure more by selling, someone smart

[heady viper]

i think if they kept the 100 start, noobs would have probably aped in 200+

[primal hedge]

true

[arctic stream]

its 1 point per eth spent, does anyone know off the top of their heads, how many points needed to claim an NFT?

[worldly violet]

So 50 probably wasn't a bad decision.

[heady viper]

yup, and noobs still rekt themselves

[chrome topaz]

Yeah people.probably be more wrecked

If it was 100

[runic holly]

that's the benefit of having a dutch auction

[lyric ridge]

Hi eveyone

How can i start to play the gane

?

[runic holly]

maximum of 72 hours, started at 1500 (11 AM Eastern) that is if tokens are available

[mossy nimbus]

They do it in back to back transactions. Its kinda what I was thinking but it seems like a glitch if you can just swap <-> and gain coins. He started with less then 30 eth I’m pretty sure (it’s hard to tell the farther you go back) but now up to 35

[weak axle]

Really

[sharp fog]

how many ILV do I need to make it? what's a make it stack?

[proper sleet]

Doesn’t launch until later this year @lyric ridge

[runic holly]

"At the end of the bootstrap, the amount of ETH used for all purchases converts to points at a rate of one point per ETH. These points can be used to redeem promo NFTs that will only be available for a short period of time following the sale." - https://illuvium.medium.com/18-illuvium-balancer-liquidity-bootstrap-pool-starts-tuesday-march-30th-15-00-utc-fcfd6f3f54d8

[sharp fog]

That be making waves

[willow crypt]

yikes when to buy this bad boy.

[sturdy frigate]

tomorrow

I hope lol

[gloomy ibex]

There's more to it than what i listed, that comes in the smart person part, that I am not, yet... but those are some of the general ideas of what is being done

[mossy nimbus]

Hmm, looks like I need to become smart

[severe ether]

Hi, what’s the token capped price or floating?

[runic holly]

largest price reduction in the first 24 hours.. however I could see some folks buying in tranches starting later tonight in case some whales pull the trigger earlier than expected

[sturdy frigate]

1 mil available. Price can go any direction

[runic holly]

floating

[opal matrix]

So...., are you saying we get 1pt PER $2,000? I m old man, say what you mean and mean what you you say lol

[primal hedge]

let them

[idle token]

1 point per 1 ETH

[primal hedge]

i rather not buy anything at this price

[gloomy ibex]

1 point per 1 eth, no $ value calculations

[runic holly]

snapshot of ETH price at end of sale (72 hour is not sold out beforehand) right now that about $1,857 / 1 ETH - that is 1 point

[gloomy ibex]

ETH price does not matter

[upper patio]

i don't understand that trb price cheaper with 1.5m total supply. ilv should be less than $10

[sharp fog]

1 ILV is 9000 $ soon

[runic holly]

i hear you - based on the curve, theres minimal price reduction after 40 hours; and price sensitivity I could see folks looking tonight

[idle token]

price is determined by demand

[haughty zenith]

yes. <$10 is much more realistic than what it is now. Honestly I think it should be <$5 and closer to $1

[runic holly]

its a specialized pool that is controlling price - it'll float based on buys/sells to the pool however there is also a timing element of price reduction each hour

[runic holly]

that's in line with other gaming tokens right now too.. even with a premium; FOMO is real

[runic holly]

and fear

[runic holly]

thanks

[sturdy frigate]

which ones?

[runic holly]

I was just making a generalization of price alone, like Axie ($AXS)

[idle token]

yes, correct... ILV is worthless, should be less than $1

[haughty zenith]

Would be totally different if there was already an alpha or beta. Fantastic launch trailer and frankly amazing marketing and responsiveness is ultimately not enough imo to bridge the huge valuation gap here.

[sturdy frigate]

Axie has a working product. This should be evaluated against pre-product teams imo

[knotty escarp]

Yeah that's what I used as a benchmark

[chrome topaz]

We are in crypto

[light garden]

1ILV =1 eth

[knotty escarp]

Also do note right now is peak bull market so this is expected

[chrome topaz]

Look at cardanos price action

[runic holly]

true true.. and has a working governance structure/community behind it already; I would say $SAND, $GAME - both have working products already too.. very good point

[chrome topaz]

What does cardano offer

[gloomy ibex]

If you are asking that as a question, the answer is no.

[sturdy frigate]

Totally expected and doesn't change how bullish I am on the game. Probably just means I won't become an ILV owner until the salty trolls start selling lol

[knotty escarp]

Same here Freddie

[haughty zenith]

Yeah but cardano started at $0.04. Now has 4 yrs of code development, a wallet, staking, native assets, huge ecosystem, and if you look at the code alot of actual commits

[restive iron]

yea lot of hype, but the NFT bubble will probably pop before this game gets launched, so have to consider that

[knotty escarp]

Plus @sturdy frigate AXS gave many opportunities to buy before it went parabolic

[sturdy frigate]

yup

[knotty escarp]

It's now at $7 which is unreal

[idle terrace]

ZzZzzz

[primal hedge]

nft bubble yes, nft gaming just getting started though

[upper patio]

nowaday icos are more expensive

[haughty zenith]

this is me exactly

[runic holly]

we can definitely use more blockchain based games so rooting for its success too - i view any purchase of ILV as more of supporting the project long term

[restive iron]

yea but i think it will take down NFT gaming cryptos with it, just like it brought them up

[runic holly]

I'm rooting for his success too

[restive iron]

more NFT gaming successes will bring more people into NFT as a whole, which is good

[worldly violet]

I'm pretty sure if you lock up ILV for 1 year you get 2x rewards, and if you get those rewards in sILV which are not locked for 12months you can mint shards to capture illuvials.

= profit

[chrome topaz]

nft gaming isnt just nft

it uses nfts but you can underestimate how big nft gaming will be look at clash of clans revenue

[grim sable]

How much does it cost to buy on Balancer rn (in gas fee)?

[idle terrace]

About $72 per coin and whatever the gas fee is

[wispy kindle]

too expensive now, >.72$

[strong shadow]

cost me $58 10 minutes a go

[primal hedge]

ape

[grim sable]

I mean how much does the tx cost

[runic holly]

$72.28 https://pools.balancer.exchange/#/pool/0xd0dd7451d58318d8d528b83a8f45b0a22b7eacd1/

[idle terrace]

Uh thanks?

[runic holly]

based on https://www.gasnow.org/ gas fees - looking about about $65-70 for transaction

[runic holly]

sorry wrong guy

[strong shadow]

😂 maybe, but I used profits from a different trade for this plus balancer refunds a portion of the fees in $BAL

[tame solar]

Still at 958,000 tokens in the pool

[worldly violet]

Thats alotta tokens

[tame solar]

almost 12 hours now

[idle terrace]

What’s the weight?

[runic holly]

right now 92.82% ILV; it'll settle at end of sale (max 72 hours) at 50%

[severe ether]

What the initial price of the token

[worldly violet]

Ape strong together

[strong shadow]

https://etherscan.io/tx/0x4f0a29f6abd729081ade8c3afb85f1f09bf8a58e5b2e72fe1b9e686d735cc6e2

[worldly violet]

50$

[primal hedge]

🙄

[grim sable]

Guys, I just wanted to know how much did you pay for tx on Balancer. I can check gasnow by myself😂

[fiery totem]

Gas currently at 1ILV

🙂

[worldly violet]

About 50-60$

[gloomy ibex]

.15% i think

[strong shadow]

that link i tagged you in has the transaction fee. it was $43

[grim sable]

ah, that's not that bad. Thanks

[ashen merlin]

Do I need to have ETH or WETH in my Metamask wallet? Asking because I am seeing only WETH -> ILV swaps on the pool balancer page.

[grim sable]

Thought it would be more like 200$+ since only the approval tx costs 15$

[fiery totem]

Eth is ideal I believe

[wispy bear]

Do you guys know what was the LBP starting price ? I read they started from 50, why is the price going up then?

[gloomy ibex]

🐵

[strong shadow]

yeah, you just need ETH, the balancer pool will deal with the rest in the background

[idle terrace]

Started at $50, it’s a starting price can go up or down. Currently up

[pale inlet]

What is the marketcap of ILV (assuming let's say $50 price point)?

[runic holly]

it'll go up based on purchases, each hour there will be negative pricing pressure to drop the price from its current level, if not purchases it'll go down faster, more purchases it'll enter into a steady state like pricing pattern

[idle token]

https://tenor.com/view/monkey-dancing-monkey-dance-gif-13114207

[haughty zenith]

i feel sorta sad here. Team did do a great job in marketing, nfts, discord engagement. But so far this is the anti-excitement token sale. Just gets more depressing as time goes by. Let's see if the mood and price changes over the next two days.

[weary spruce]

cause some looney tune thought it was a good idea to buy a shitload over 100 lol

[swift breach]

Lol...

[tame solar]

i wouldnt be worried too much bro

[idle terrace]

What’s sad about it?

[tame solar]

guys if no one buys anymore ILV until the 50/50

it will be 18 cents

lets all work together here

shake my hand

[idle terrace]

Dibs on 20 cents

[tame solar]

🤝

[strong shadow]

ill take 21cents

[idle token]

I will wait until 10cents

[tame solar]

already frontran

[haughty zenith]

haha.

[idle terrace]

22!

[runic holly]

i'm in at $5, but I'm really in at $7...

[idle terrace]

7.01!

[runic holly]

ha - jokes on you - I'm in at $10..

[idle terrace]

10.01!

[hallow dirge]

Jeez at least buy me a drink first...

[haughty zenith]

imagine if LBP starting price was $1....this is what would have happened. price bid up and up

[strong shadow]

and this, ladies and gentlemen, has been an introductory lesson into auction economics

[tame solar]

we had a deal everyone

18 cents

GOD DAMIT

[strong shadow]

hahaha

[idle terrace]

19 cents!

[runic holly]

I'm still a buyer at 18 cents too.. 🙂

[lofty knoll]

https://tenor.com/view/angry-video-game-nerd-avgn-mad-gif-16392789

[swift breach]

Has anyone seen a token launch with this much hype get this much backlash on price before?

[tame solar]

lol all the things you said are subjective and not objective

[idle terrace]

Compared to what?

[swift breach]

Hmm just seems many people don’t think the price is right

[heady viper]

i think this was unexpected by all sides tbh. but really the noobs are at fault lol

[chrome topaz]

This chat doesnt represent the whole

[idle terrace]

If the price isn’t right, don’t buy

[tame solar]

its only been 11 hours, chill baby

[swift breach]

Fair yeah the pool might push it down a bunch

Maybe not though..

[idle terrace]

It’s your money. Buy when you think it’ll go up.

[swift breach]

Words of wisdom, is that financial advice?

[idle terrace]

That’s actually financial advise.

[ashen merlin]

LOL

[swift breach]

Advice*

But thanks

[idle terrace]

Financial advicor not English teacher

[swift breach]

Advisor *

Getting closer

[runic holly]

I wouldn't expect too many purchases at this point... I'll share this one more time - don't want to annoy everyone with the same post.. its a dutch auction so normally the first 24 hours is slow for this reason..

[idle terrace]

Wooooosh

[swift breach]

No worries Nick, I’m very familiar with the Balancer pools functionality

But I do appreciate it

[ashen merlin]

when should i buy 😄

[runic holly]

cool

[chrome topaz]

Rile your dissapointment makes it seem like this is already over

We still have 48 hours plus to see where the price can go

[idle terrace]

Disappointment* in before rile

[ashen merlin]

what happens if the 1 million tokens are not swapped? burn the rest right?

[gloomy ibex]

back into the treasury

[chrome topaz]

@idle terrace i dont care stop policing people

[haughty zenith]

18 cents

[runic holly]

its a fascinating process - we get to see full transparency of the entire dutch auction with play by play commentary on people's views - neither right or wrong, its real time price discovery.. ** except the dude that bought over $100 - wtf was that about ?!

[queen sentinel]

how are you guys checking the price?

[raven idol]

Hi is there any limit to the Rhamphyre genesist nft for ILV token sale?

[ashen merlin]

https://pools.balancer.exchange/#/pool/0xd0DD7451D58318d8d528B83a8F45b0a22b7EAcD1/actions

[idle terrace]

U right man

[white scaffold]

https://swap.illuvium.io/

If I buy 1 eth from this site, I can claim 1 bonus nft later. Is that right?

[ashen merlin]

thats what they said, right when the sale ends

[gloomy ibex]

You can also go to https://swap.illuvium.io/

and put in 1 ILV and choose USDC

[somber edge]

Coingratulations Illuvium team for the Coingecko listing 🚀

[lethal crest]

ohhhh snap #📣〕announcements message

[tame solar]

bruh that market cap is true FOMO material

take it down

[hidden wren]

How do we buy iLv

[lethal crest]

😆 will even itself out after bpool

[runic holly]

you can go here: https://swap.illuvium.io/ I would recommend looking at this post too to understand the dutch auction format too: https://illuvium.medium.com/18-illuvium-balancer-liquidity-bootstrap-pool-starts-tuesday-march-30th-15-00-utc-fcfd6f3f54d8

[runic holly]

correct - won't be available until after the sale concludes though, they said they'll post a follow-up medium article as well

[potent cosmos]

how long does the LBP runs for

[lofty knoll]

72 hours

[violet moat]

how many times have you answered that question today^? @lofty knoll

[minor sky]

🙂 pay $100 for a token that costs only $3.33

seed round was one fucking month ago

anyway good luck

[lofty knoll]

A bit lol

I have a coffee full of maple liquor right now

I'm good

[violet moat]

haha nice

[quiet marsh]

Do not enter FOMO my friends, they will try to panic BUY soon between U $ 60 and U $ 40, remember they have millions of dollars for that.

Don't buy, the fair price for their private sale and SEED sales friends to not dump millions of tokens on our heads like idiots is around $ 10.00.

[idle terrace]

Are u Canadian?

[lofty knoll]

Yep

[lofty knoll]

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

[idle terrace]

Oh fak boys

[lofty knoll]

https://tenor.com/view/jeff-salzsauler-death-or-glory-gif-18186036

[limpid crystal]

Is the illuvium token ingame currency?

[chrome topaz]

No

[fresh pawn]

CoinMarketCap tweeted about us: https://twitter.com/CoinMarketCap/status/1377074166382346242?s=20

CoinMarketCap (@CoinMarketCap)

In our latest article we take a deep dive into @illuviumio, an upcoming blockchain-based game — a fantasy world where Illuvials roam.

#Crypto #Cryptocurrency #Gaming #Blockchain $ILV

https://t.co/zSZpUU0KAa

Twitter · Mar 31, 2021, 1:44 AM

[limpid crystal]

what's the token for then, frens?

[quiet marsh]

Don´t feed whales

[chrome topaz]

Governance and revenue share of all the fees accrued on the platform

[minor sky]

illuvium is worth about $3.33

don't get it twisted

[tame solar]

[minor sky]

maybe later it can be worth more. but right now. one month after seed investment.

ONE MONTH after seed investment. its worth 3.33.

[keen helm]

and two moreee days

[tame solar]

mate seed investment was not in feb lmfao

[lofty knoll]

@sage falcon

[minor sky]

go look at the timeline ya cunt

[lofty knoll]

https://tenor.com/view/puppet-awkward-looking-what-side-eye-gif-15476992

[tame solar]

thank you

[minor sky]

bet none of u did any research at all

[tame solar]

none at all

[fiery wing]

so how do i get the preilluvium tokens to transfer to illuvium??

[ashen merlin]

https://tenor.com/view/shut-up-and-take-my-money-futurama-fry-take-my-money-money-gif-15195954

[minor sky]

literally they are 20x'ing on you after just creating this tproject

[sturdy frigate]

$6 seems about right to me

[fiery wing]

the token is listed on coingecko at $70

[sturdy frigate]

After IDO

[quiet marsh]

SEED and PRIVATE SALE were probably cents on the dollar.

Don't feed the whales, don't be stupid.
Be like me a smart sardine.
Let the whales have a beautiful indigestion with us.

Do not enter FOMO friends, they will try to panic soon between $ 60 and $ 40, remember that they have millions of dollars for that.

Don't buy, the fair price for your private sale and friends of SEED sales not to dump millions of chips on our heads like idiots is about $ 10.00.

[minor sky]

i'll happily pay $1, $3 max

[idle token]

I will wait at 10cents

[idle terrace]

Did you know they’re locked for 1 year and gradually unlocked the 2nd year?

[sturdy frigate]

100 mil aka $10 also a bit high

[ashen merlin]

18 cents

[gloomy ibex]

Umm seed and private are locked for a year and then vesting for a year

[fiery wing]

im trying to sell my preilluvium at $70 and buy in again at $7

[minor sky]

did you know i don't care and the token is worth 3.33, not 70

[tame solar]

why are you even here tbh

[idle terrace]

Then buy it at $3.33. No worries

[idle token]

19cents to front run u

[ashen merlin]

Some people wanna watch the world burn

[fiery wing]

there is always gonna be haters

[tame solar]

if you think its overpriced then its overpriced and move on

[fiery wing]

ya gtfo guy

[weak axle]

Stop being disrespectful to ILV @idle token . You know it will fall to that price

[ashen merlin]

FUD, drop the price 😄

[chrome topaz]

You guys can circle.jerk here all you want but at the end of the day supply and demand will decide the price

[sudden mist]

where i can buy

[sturdy frigate]

This

[tame solar]

true we gotta keep him around to FUD

[idle token]

you FOMO in ?

[quiet marsh]

If you buy U $ 30.00 it doesn't matter, 1 year from now you will still be the donkey that gave them 2,000x profit

[plain delta]

Watching all the financial analysts in this chat is pretty hilarious.

[minor sky]

👋

[lofty knoll]

Yea truly

[fiery wing]

everything i say is financial advice

[chrome topaz]

Supply and demand will determine price

[minor sky]

my bad for speaking proper sense

i'm tired of SNAKES ruining the gaming community

[plain delta]

I would love to hear the math behind valuations that put us 50x smaller than Alice.

[idle terrace]

I haven’t actually bought anything but if I think it’ll go up I buy it. It’s not hard.

[fiery wing]

its just getting started hwo can it get ruined

[lofty knoll]

This guys does not understand 2 years lockup

Didnt read tokenomics

[fiery wing]

not math ser, ITS SCIENCE

[minor sky]

imagine, i have to wait 2 years to 100x my investment

[tiny needle]

Yooooo. What's up everyone.

[minor sky]

wow what a huge burden

[idle terrace]

Plz don’t waste ur time on this nonsense.

[hidden wren]

Damn. Gas fees are insane

[minor sky]

forget about it dude, no point talking sense to people that insist on staying poor

[quiet marsh]

The demand will be handled by some friends of SNX who have a few million dollars to make you believe that the tokens are running out, don't be that guy.

[lofty knoll]

Hahah ok. I have the hammer

Don't use the C word anymore

[chrome topaz]

Jblue if you dont like it put your money somewhere it makes sense for you

[hidden wren]

So how do you ply this game

[azure willow]

I am confused, this token will locked 2 years?
https://media.tenor.com/images/adb4c3dfc1552fb064d3d300959b4c56/tenor.gif

[tame solar]

@plain delta mate its over. did you check coin gecko market cap ?

pack it up

[lofty knoll]

Not the one you buy in IDO

[ashen merlin]

buy low sell high

[chrome topaz]

I thinks its a bad idea putting the price on coingecko

[idle token]

buy high sell low

[fiery wing]

https://tenor.com/view/ethereum-eth-crypto-bitcoin-litecoin-gif-18299068

[serene thunder]

wen does my preILV become ILV?

[azure willow]

$10 will be a good price?

[quiet marsh]

Let's be like the Integral Protocol

https://twitter.com/IntegralHQ

We are going to cause great indigestion to these greedy manipulators

Integral Protocol (@IntegralHQ)

Official account of Integral Protocol. Building the last exchange. Made by @ProfessorJEY with Eth/Defi OG support. http://discord.gg/GJYCF55Tb6

Tweets

66

Followers

2829

Twitter

[fiery wing]

thts what im saying

[hazy burrow]

GOOD

[azure willow]

This is called IDO?

[raven idol]

How does it work with the nft claim if i buy with usdc?

[azure willow]

Why nft are.important? Will have some.value?

[tame solar]

youre USDC is converted to ETH

[tame solar]

depends on the person. many will just use them in game ( which has its own value attached)

[hidden wren]

When is the game coming out

[tame solar]

Q3

of this year

[tired hazel]

Are people done getting rekt yet?

[molten fern]

At these prices is it just not better to wait until after bootstrap to buy?

[idle terrace]

Buy and find out

[azure willow]

What could be a fear value?

[wary pasture]

hello

[tired hazel]

I might do that. I think it will go below 40$ after bootstrap

[idle token]

Not yet, once it is half the ATH , might be someone will be dumping

[opal matrix]

i feel like I should have read this thread first, before buying. I definitely want to support the project. However, I also thought it would be cool to get an NFT as an early contributor. But, now it seems like you have to contribute the equivalent of whatever 1 ETH will be at the end of the sale. It would be nice to have some more solid information.

[molten fern]

Realistically nothing above 20$ at this stage

[tame solar]

why would someone sell their ILV after downward pressure is gone

[ashen merlin]

stonks

[gloomy ibex]

https://illuvium.medium.com/19-how-to-claim-the-balancer-bonus-nfts-5c28dd72ae14

[sturdy frigate]

You still get a badge and some if you spent 0.2

[molten fern]

They should of set the starting price at 10$ not 50

[tired hazel]

My price target is 30-40$

[opal matrix]

Thanks everybody. I was feeling a little crazy. lol childish i know but....

[runic holly]

more difficult for a dutch auction style for 72 hours duration to do that though

[tame solar]

i think it matters WHO you sell your tokens 2

if you sell to very well respected individuals who can offer very supportive assets the price of the tokens would be lower

compared to the public who may or may not have the same intentions as your ( devs) about the project ( sell immediately rather than long term )

[lethal crest]

mostly 🤖 that bought in and 🧠 that didn't read literally anything

[earnest tundra]

you know what MC vs fully diluted MC is right?

[tame solar]

@timber ore again it all depends on WHO you sell your tokens to

im not gonna entertain it anymore

[ionic sonnet]

Don’t blame the founders.. it’s a genius move. They are capitalizing on what’s available in the market. The only people valuing it are the people buying the coin

[chrome topaz]

Guys the pool goes down

[runic holly]

yup

[chrome topaz]

Its not a fixed pricd

[tame solar]

https://tenor.com/view/disappointed-disappointed-fan-seriously-what-are-you-doing-judging-you-gif-17485289

you guys dont realize

what VCs are lol

[stoic yew]

well it go up anyways,

[tame solar]

i guess everyone in crypto hates VCs

never will change

[idle terrace]

What’s VC stand for?

[runic holly]

I don't feel sorry for anyone that aped in at $100.. i feel the team was transparent upfront about what this format was with the dutch auction.. "Price discovery: Similar to a Dutch auction, users will have a long time window to acquire tokens at a price they find attractive. Market forces will determine what the final valuation will be." and "No FOMO: The declining price mechanism of the BLBP allows interested users to wait until they are comfortable with the price before acquiring tokens. No need to rush." ..

[chrome topaz]

Vcs do more then give money

[molten fern]

What happens to the tokens that don't get sold in this bootstrap??

[azure willow]

Many people is stupid and make mistakes, that is responsability of founders, that people.will never.come.back

[tame solar]

exactly

the public JUST gives money

huge difference

[lethal crest]

of COURSE $50 is a crazy price, they wanted to start out even crazier at $100 so bots don't frontrun

[chrome topaz]

The public can just give money

[lethal crest]

that's the whole point

[keen helm]

Will I get the NFT if I bought with USDC instead of ETH?

[chrome topaz]

As a community member if its a project i like ill shill it everwhere

[molten fern]

What happens to the tokens that don't get sold in this bootstrap??

[ashen merlin]

yes

[stoic yew]

Yes it routes trhough eth

[ionic sonnet]

Founders are not responsible for individual investors due diligence...

[gritty jewel]

what do you think would be a good price to buy? At first I thought less than 1$ but I read others plan on buying at 30$

[quiet marsh]

I miss the time when I was as new as you are friend.

[runic holly]

venture capital

[keen helm]

nice, thanks

[stoic yew]

a good health starting market cap is 10-50 million

[keen helm]

biggest buy so far when I checked last night was 32 eth..

[tame solar]

there was multiple 100+

[tame solar]

based on...?

[gritty jewel]

I meant price per ILV

[quiet marsh]

U$ 10,00
It would be the minimum price to start a minimally fair buy.

[native tiger]

idk where u looked but there was some at 300+ eth

[runic holly]

same that I saw, 36.378 just a few minutes ago too

[stoic yew]

so that be $1-$5

[runic holly]

45 WETH around an hour and a half ago

[keen helm]

I checked hrsss ago though. Haven’t checked the txs again since last night

[runic holly]

https://pools.balancer.exchange/#/pool/0xd0dd7451d58318d8d528b83a8f45b0a22b7eacd1/swaps

[sage falcon]

Hey guys. How much time left for the public sale

[ionic sonnet]

60ish hours

[molten fern]

Nope there was 500 eth buys at launch

[gritty jewel]

the price might take a while to go down, especially if apes in Europe starts to buy in the morning lol

[molten fern]

Whales bought to.drive price up then dumped don people

[gloomy ibex]

Yeah, they were out in 6 minutes with a profit of almost 140 eth

[sage falcon]

Alright thx

[keen helm]

It’s open for 3 days so >2 days more or till they sold out

[idle terrace]

Can u find me those transactions?

[runic holly]

correct - the total ETH traded in the first minute was over 1,145

[gloomy ibex]

@idle terrace

[gritty jewel]

so some peeps purposely bought at overprice to bump the price even higher and resell 5-min later?

[keen helm]

I missed it then

[nova atlas]

So what’s the price now lol

[idle token]

$73 somethiing

[runic holly]

one dude sold 1 minute later

[gloomy ibex]

Not really overpriced, just whales that bought early and applied huge pressure with large amounts and then sold when FOMO started buying

[idle terrace]

Ty

[sage falcon]

Finally bro thank u

[fiery wing]

ya jeez finally

[runic holly]

which is exactly why this type of process actually helps since there's enough time for price to settle out after it happens

[runic holly]

$73.11 - https://pools.balancer.exchange/#/pool/0xd0dd7451d58318d8d528b83a8f45b0a22b7eacd1/