💬〕general

[tired terrace]

What's the lowest possible price if no one buys during sale time?

[slim sonnet]

I think they figured it out to be $4.40

[vital lynx]

Clearly a lot of people are not reading the medium articles before buying

[tired terrace]

Ok I see, I don't see it falling below 20 tbh though

[gentle sorrel]

Well ofc but that’s still 1/3rd the current price

[tired terrace]

Yes

[languid latch]

how many tokens are already distributed besides this sale, have the 3 mil which where distributet on disc

[tired terrace]

That's why only 10% has been bought atm

7*

[knotty escarp]

You don't even need to buy the tokens tbh. You can just play the game and earn instead

[smoky quartz]

its for the nfts bro

[knotty escarp]

So if you have patience that's not a bad idea to wait for a few months and ape into other projects

[knotty escarp]

oh okay

[gentle sorrel]

Gotta spend 5eth for a promo nft tho unless you want an emote

[tired hazel]

Don't forget there's yield farming after this where most of that allocation is released in the beginning.

[smoky quartz]

emote bro

[turbid lynx]

Hello, will be an announcement for preILV?

[valid sigil]

fee is only 4$ when buying with WETH ? seems crazy lol

[smoky quartz]

im gonna flex on people

when im a professional player

[gentle sorrel]

Wait gas is $4 with weth?

Shit

[gentle sorrel]

Oh 104gwei

Not bad

[valid sigil]

nice cheatcode there

[last eagle]

So many games are having presell the 2q of this year, this game, Ember Sword and guild of guardians

[lofty knoll]

Yes.

[valid sigil]

ILV sale will end at one point ? not sure of what I read

[tired hazel]

Those are the two others I'm looking at as well.

[rare steeple]

they are all with immutable x?

[tired hazel]

All except Embersword. The devs have only mentioned it will be on ETH and nothing else.

[brisk moth]

what the cheaper way to buy through the website or the balancer pool

[crude sparrow]

nothing cheaper right now. If tokens don't sell at the end of 72 hours it will go to a dex like Sushi or Uni.

[chrome topaz]

?

are you sure its going to sushi

[crude sparrow]

no

it will be voted on by council

a dex like Sushi or uni

[half elm]

what will happen if not coins are sold? burn?

[crude sparrow]

Nah Bro

[hybrid finch]

if coins are not sold they will become so cheap that they will be sold

thats how this works

[crude sparrow]

sold elsewhere

[half elm]

wtf

[hybrid finch]

in theory 😄

[half elm]

and what is the utility of this token

[jaunty zephyr]

ahhh i am scared to buy from uniswap (heard stories of transaction not going through and just flat our dissapearing)

[half elm]

like can we stake it

[crude sparrow]

yield farming

[fallen carbon]

you will be able to stake and gain rewards based on ingame transactions

[vital lynx]

Fair concern, from experience it typically happens a lot less often when you opt for fast transaction with higher gas cost instead of slow or medium option

[severe igloo]

I just start the transactino, check etherscan and then speed up depending on the gas tracke

sometimes you get lucky

[vital lynx]

What I have noticed, is sometimes you process the transaction at fast for $40 for example, and it comes to 23 or 30 ish

So I don't think you need to do the speed up option

Just default fast is fine

checked on etherscan after the fact

[hybrid hatch]

Almost 100k gone now, when is the next rebalance?

[sage falcon]

what price and gas fee are you guys waiting for?

[lofty knoll]

20$

[sage falcon]

seems fair i am waiting for 10$ or something

[neon bloom]

yes

10$ is fair

[molten fern]

Anything above 10$ is R.I.P

[slim sonnet]

I'm thinking $3.30

[sage falcon]

wondering if there are there still people fomo in at 50$ 🤔

[ember frigate]

anyone know what the circulating supply will be when the LBP finishes?

[hybrid finch]

in theory if the value of the token is the revenue gains, there won't be revenue for next 6 months so opportunity cost is huge. even if you know price will go up thats a long time

[neon bloom]

Imagine how much player base the game should have for 50$ token price?

[loud pagoda]

$20

[ember frigate]

is it going to be 1 million?

[kind trellis]

I think 1m circulating

[ember frigate]

@kind trellis okay thanks !

[slim sonnet]

then dump on exchange and rebuy at .10

[foggy arch]

I'm trying to notice why my transaction failed lol

enough gas, slippage higher than price impact

dam

[molten fern]

That's if they sell them all.at these prices they might all be sitting on the shelf

[kind trellis]

Do you know what happen to the unsold tokens?

[molten fern]

Nope but their will be alot of angry apes

[slim sonnet]

off to the treasury post sale.

[sage falcon]

would be cool if unsold tokens were burnt

[severe breach]

Mornin ppl..i see we are still having good time with that bot on the sale and now every1 wants to get free,more or less, tokens..am i right or am i right?😅

[hybrid finch]

nice gains for the bot

👀

[sage falcon]

where can you see this?

[lofty knoll]

Its fixed buddy

[undone radish]

yeah....he keeps sniping every rebalancing i htink

[lofty knoll]

Weights are working nicely now

[hybrid finch]

@lofty knoll did u see what i just posted bro

[crude sparrow]

Bot has also made the NFT secondary market more scarce

[loud pagoda]

goood

[severe breach]

At least one good news for the day😄

[lofty knoll]

It doesnr mater anymore

[hybrid finch]

how come it doesnt matter, the bot just made 200 ILV

[severe breach]

He's been doin this since it had 36ETH and 500ILV...nice inc in not even 24h...pff

[lofty knoll]

Team fixed the weights and poking the weights

Now it works like it is suposed to

[hybrid finch]

that doesnt change the fact

that the bot just made 200 ilv

[lofty knoll]

Yea its life

What do you want me to do mate

[hybrid finch]

if anything it seems like its making more now

[lofty knoll]

God I speak like aussies now

[hybrid finch]

im trying to understand what you mean by fixed if the bots is still making mad gains

[lofty knoll]

Seen how the price is not stuck at 70 anymore just with him buying?

Its fixed.

Thats what I mean

He doestnt matter anymore

[hybrid finch]

i think we are talking about different things but ok

[severe breach]

Getting gains can't be stopped....but gives us a chance for the price to drop also

[molten fern]

What's fixed?

[severe breach]

Were you here yesterday when the bot was keeping the price above 70 for hours?

That was fun

[undone radish]

what was broken that had to be fixed by the way?

[lofty knoll]

Nothing.

But its now fixed

[undone radish]

:)))

[lofty knoll]

Weigths are working

[undone radish]

sounds like a dialogue from catch 22

[lofty knoll]

Trust the process

[hexed wren]

Apes need to be fixed😏

[lofty knoll]

Also yea that dude is a massive douche but we should be happy he is alone

[main leaf]

I wonder if he chats here

[hybrid finch]

"the bot is making even more now and nothing that was wrong is now fixed" seems fair 😄

[undone radish]

the bot will be making gains in any case

its not a problem that the team can fix as far as i can see. its balancer's issue

[lofty knoll]

Its been fixed

Like 5 hours ago

It is starting to take shape

You will see a nicer downward pressure

[hexed wren]

domp it to 1$ baby!

[main leaf]

I am not throwing away my hard earned money to some rich tech nerd with a bot

[severe breach]

Which one you gonna take? The blue pill...or the red pill? 😂

[spark siren]

its been like that since the sale has begun not much you can do about it, there will always be someone that make huge profits and others that loose a lot of money, thats how life works, just try to avoid being in the loosing money side

[hybrid finch]

yeah im chilling, just interesting to observe

[lofty knoll]

Dont know I'm starting to halucinate and losing my english

[severe breach]

Well..just remember..there is no spoon(process)..we all good ..go take that nap.."bots will be bots" nonetheless

[past marsh]

So he’s just selling before a weight change and buying back after? Since you can’t short ILV shouldn’t that just mean he’s keeping his profit constant between his very first buy and first sale? He owns more ILV now but it’s worth less. Not like he’s making more and more money every time. Everyone should just relax.

[undone radish]

i followed a wallet from one of the front running bots for polkstarter sales....ive counted at least $20mn coming into the wallet over the last couple of months....the best appraoch so far to tackle this was with the launch of Anchor (on Terra) where they added 1 token of liquidity and the bot bought it for like $600k , and then did that again....on the third time the team put enough liquidity to make coin start at like $0.05

so only fast chinese could outplay the rest :)))

[hybrid finch]

he is accumulating a lot of ILV outside of initial purchase which was probably around 50-60$ so he is definitely making more and more

[crude wren]

Is there any airdrop

[undone radish]

is it just me of the announcement room is missing from Illuvium server?

[crude wren]

hi

[main leaf]

How does he time the weight change? 👀

[past marsh]

Accumulating more ILV doesn’t necessarily mean he’s making more. His advantage was being able to buy at 50 very quickly. But let’s say he bought at 50 and then sold at 140 and never rebought. I think his profit should be roughly the same as what he is doing it now.

[dire marten]

When and how will "preILV" be converted to $ILV?

[past marsh]

Maybe I’m wrong. It’s 6am over here and I can’t think straight

[past marsh]

That I have no idea

[analog kestrel]

What will happen to the unsold ILV coins ?

[hexed wren]

go to treasury they say

[lofty knoll]

He doesnt. He poke it himself.

[severe breach]

They will go to the treasury

[lofty knoll]

Undecided. Need to be voted on

[lofty knoll]

After audit. Further announcement later

[past marsh]

Gotcha. Anyway should be relatively easy to see what his total profit is from all his trades. And if he’s making more with each one. Keeping in mind the total market value in eth or usdc is what matters. Not number of ILV he has since it’s depreciating. I don’t care enough to do this.

[lofty knoll]

I dont either good luck

Guy is good

Addresses all mixed up

[severe igloo]

so here is the thing.... I am well below my initial target price now... but seeing as there are so many tokens left and so much time....

[lofty knoll]

We wait

[severe igloo]

This is becoming a race against my own greed and that of others lol

before I would be content-ish with this price range (based on how I value ILV)

[lofty knoll]

For real there is so much tine left and weight and token

We good

[severe igloo]

yea

[vital jasper]

Yakkiba have you picked up ILV yet?

[lime trench]

no.response 5 min

[severe igloo]

I have not. As a father of two young daughters my patiens is well trained

[slim sonnet]

$3.30............

[lime trench]

keep waiting?

[severe igloo]

I don't know what this means. THis is just a price

[slim sonnet]

That's the price that investors paid prior to this sale

[severe igloo]

This is relevant how? I look at what I think the price will become based on information provided.

[vital jasper]

Also staying patient over here as well. what price range do you think you'd start to hop in at?

[eternal yoke]

ANNOUNCEMENT: there is a price chart on coingecko

[vital jasper]

Amazon stock wasnt what its worth right now

[severe igloo]

depends. Usually on an LBP I jump in 2-3 percentages before set weightratio.

[hybrid hatch]

Where was this chart yesterday to save the apes?!?

[restive cedar]

What is the price guys?

[lofty knoll]

People claiming what price investors got while taking massive risk and that brings value to the project makes no sense.. you guy want that price? Go fund a venture and take a 2 year lockup based on a drawing like... think about it

[severe igloo]

Apes can't read. It doesn't matter so yea....

[crude sparrow]

No price history

[slim sonnet]

I suppose if you want to pay 20x the current value it doesn't matter

[severe igloo]

This is an extremely stupid response, excuse me for saying so.

[hybrid hatch]

I'm thinking around 10x of private sale is good

[slim sonnet]

it's what they can dump and still make a profit

[vital jasper]

Those investors and advisors bring more strategic value than just the money and every healthy company grows as it goes through its different fundraising rounds

[severe igloo]

They carry a lot more risk and value is not created byt the 1m tokens that we purchase. Please, go back to school

[lofty knoll]

They CANT dump

[vital jasper]

Don't invest if you're not happy

[hybrid hatch]

Tokens are locked for a year, or am I misunderstanding something?

[lofty knoll]

You will be out before them

[slim sonnet]

after 2 years they can, no?

[severe igloo]

no you know what, I refuse to feed the troll. Not today

[last eagle]

School did not teach is about this kinda market or crypto

[severe igloo]

Especially uneducated ones. Venture capitalism do not work that way.... no no I said not today

[vital jasper]

The game will be out and have lots of players by then

[last eagle]

Defi suckers

[severe igloo]

Please, stockmarkets run on the same principles. Your Lemonade stand, works on same principles.

[last eagle]

Crypto a brand new 2000 currency do not work like that tho

[hybrid hatch]

You cant short lemonade on my stand until it nearly collapses and then buy all the lemonade for cents on a dollar

[last eagle]

When NFT cost more then they should miner's make a mint and investor's could end up broke

It's the wild wild west outer limits stuff

[severe igloo]

It is about offer and demand. Crypto seems wild west because the whole market behaves like a start up.

[vital jasper]

Dude it does because regardless of what form we're dealing with, it still has to follow the same principles. Demand and Supply. It's psychology more than form

[hybrid hatch]

The whole market is basically a startup no?

[severe igloo]

The same things happen on wallstreet. Just look at a TEsla or a Google after their IPO.

[slim sonnet]

I'm not trolling, I just don't understand why you would pay so much more when the risk is still so high. There is plenty of promise and good tokenomics with low supply that make this valuable but still, 20-30x already? That's why there's still 930K tokens left

[vital jasper]

Its literally human psychology

[lofty knoll]

We wait for 20 anywY

[severe igloo]

then don't purchase it my guy. You seem to have a grudge against VC, don't discuss that crap here, send them a letter.

[last eagle]

Greed is human psychology this is a new age of

[crisp stirrup]

Is there a limited supply of NFT's or will everyone who buys ILV during the sale able to redeem for an nft?

[lofty knoll]

Aight be friends for an hour plz

[hybrid hatch]

No!

[vital jasper]

I think it's an open edition, only the NFTs claimed in the time period are the only ones minted

[severe igloo]

the whole reason they invested is because they calculated future cashflow. Which is why they were willing to lock up their cash for years. THe risk for them is higher. We can purchase now and sell tomorrow if the market is unfavorable, they cannot. More risk means more reward

If that stops being true I'll shred my MBA

[slim sonnet]

put your money where your mouth is and buy up all these tokens then 😉 I have nothing against VCs except the firm my wife worked for which were scum of the earth but that's another story.

[severe igloo]

I will, when they get below 25 at least 😂😂😂

[slim sonnet]

me too 🙂

[last eagle]

I really don't care about this presell , I'm going after nft's of other games

[vital jasper]

I'm lowkey saving some of my eth to buy the sell off after some people claim their nfts

[last eagle]

So many presell so few whales to buy them all uo

[slim sonnet]

Yeah, I certainly agree they are taking more risk and deserve more reward, I can't help being... "frugal?" 🙂

I think if this game does as well as I think we'll all make a lot of money as well.

[last eagle]

This presell of coins seems to confusing and voilt for my taste

[crude sparrow]

what the fuck are we even talking about now?

[barren scaffold]

😂😂😂😂 mah millionzzzz

Have you not slept @lofty knoll????

[severe igloo]

https://tenor.com/view/lyle-simpsons-gif-14510127

[plain delta]

I think people are finally starting to work out that in a normal IDO what happens is everyone is greedy, and therefore bots and whales destroy everyone.

In a balancer sale everyone is greedy, and therefore people wait as long as they can and let the price get as low as possible, and then it surges.

I'm glad people are finally starting to pay attention.

[crude sparrow]

For sure

[vital jasper]

Upside down parabola with price

[crude sparrow]

but some of the VC wacky comments are head scratcher's

[vital jasper]

yup

[crude sparrow]

like its not a massive conspiracy

but vent if you need

[plain delta]

People get angry that others make money when they want to make money, and don't understand that those others put in SOMETHING at some point to create it. (Even if that something is luck)

[crude sparrow]

completely agree

[slim sonnet]

That's not what my comments were about at all. This has been a fun learning experience though.

[crude sparrow]

Seems like Balancer has been fun for the community and team - FUN in the sense that it might be stressful

[slim sonnet]

Any time there's money involved emotions run high I think

[plain delta]

I wasn't directing it at you. I would put you into the category of someone wanting to get the best deal. Which is entirely the point. You get to wait until you don't want to wait anymore.

If another type of sale you get to pray that you get in right at the start, and if your transactions fail you get slaughtered.

[fiery ivy]

Really excited about this project I hope it has some good marketing behind it to spread the word, because I really think this is something super awesome

[jaunty zephyr]

i got 1 ETH ready for it... is that enough? 😄

[severe igloo]

IMX is coming out soon, NFT gaming is a big deal, Chainguardians is generating buzz. Illuvium release is perfectly timed

[vital jasper]

Whats IMX and chainguardians? Guild of Guardians is generating the most buzz I feel like

[severe igloo]

Especially with projects like Boson Protocol and coins like ENJ and MANA focussing the markets attention towards our corner

[stiff stone]

where will go unsold tokens?

[slim sonnet]

It did feel like they were, thanks for clarifying 🙂

[severe igloo]

Google is your best friend in this one. IMX stands vor Immutable X btw

[restive cedar]

What the current price level guys?

[vital jasper]

AXS is also performing really well now too

[scarlet glacier]

So are people still waiting for the price to drop?

Or

[vital jasper]

yeah

[crude sparrow]

YES

[scarlet glacier]

Lol

[vital jasper]

It's the calm before the storm

[scarlet glacier]

Wasn’t the initial value put down 0.7B for all coins?

[vital jasper]

$500m

[scarlet glacier]

Still pretty crazy for a company with no product

Lol

[vital jasper]

but the actual market cap would be a little over $50mil

which is reasonable

[scarlet glacier]

How?

With that coin price

[vital jasper]

because only 1 million tokens would be in circulation

$50/ilv

[severe igloo]

Don't belittle squizzy man, they are out there lol

[scarlet glacier]

What

Lol

[vital jasper]

i want a squizzy

[severe igloo]

#🚰〕leaks

[scarlet glacier]

Well yes a 50m marketcap would be more reasonable

[plain delta]

Unfortunately we couldn't hit the highs of Alice being worth 6B with no product AND no tokenomics at all.

[crude sparrow]

@fair moat Chicken talk

[fair moat]

my bad

[vital jasper]

Chicken Tendys?

[crude sparrow]

yes

[scarlet glacier]

I think you get my point though, or maybe not. But yes, in general in the crypto space there’s a lot of these pretty high valuations for companies that yet have ”sales”.

[vital jasper]

could go for some rn

[scarlet glacier]

Speculation based valuations

I guess

[vital jasper]

Almost every startup out of silicon valley has ridiculous valuations pre-revenue

Isn't specific to crypto

[scarlet glacier]

I mean the pre sale pricing was $5 a coin?

Or 0.5?

[vital jasper]

If you scroll up a bit in this chat, just had this conversation

[safe plover]

sub $50 yet?

[scarlet glacier]

No

[safe plover]

less I think

[severe igloo]

Like Uber? lol

[rocky torrent]

I think some days ago they said private sale was 1$ first and then 3$ next round

[sly tide]

https://tenor.com/view/chuckles-im-in-danger-ralph-wiggum-the-simpsons-gif-14149962

[severe igloo]

You gonna loose that bet.... lot of people here who have been here for a hot minute

[scarlet glacier]

It would be a topdown game like this, right?

[barren scaffold]

@rocky torrent @scarlet glacier @safe plover tell the man. What's the purpose of ILV??

[grave ore]

Hey new here
Why is the sale price fluctuating so much? Usually initial sales have a fixed price?
Also, if you purchase 2eth on one wallet, are you eligible for 2 NFTs?

[slim sonnet]

ILV is what you catch Illuvials with, everyone knows that.

[foggy arch]

Bought some in $59, that's pretty worth for me. I'm sure ppl didnt even research about how BLP works.

[still dawn]

anyone has a clue on the alex backer giveaway
cause i cant find the info when the raffle ends

[severe igloo]

not gonna lie, I chuckled

[slim sonnet]

See, I have my moments, you just have to be patient, like waiting for ILV to hit $3.30 lol

[inner topaz]

An announcement on that soon 😄

[grave ore]

? What are points equivalent to?

[barren scaffold]

@neat anchor first warning. No spamming please.

[fiery ivy]

If the starting price with no tokens bought was 50 how will it reach 3.30?!!! @slim sonnet

[slim sonnet]

Nite all, or morning, something like that. Been fun! I'll be back later this morning

[grave ore]

Also with the price fluctuation, how do they measure 1eth =1 point?

[tired hazel]

When you speculate on price you get burned. it's simple as that.

[slim sonnet]

https://tenor.com/view/magic-shia-labeouf-snl-skit-fingers-gif-4860090

[fiery ivy]

Lol

Keep dreaming

Ahahah

[slim sonnet]

That's why I'm in crypto

I'm really out, nite all!

[severe igloo]

I reckon based on the transaction on your wallet? It can be tracked how much you paid for your ILV

[grave ore]

Okay

How do the points work?

What's the difference between having 1 point vs 5?

[scarlet glacier]

They're employees and not contractors?

[grave ore]

?

[scarlet glacier]

Well no that's two different things

[grave ore]

Points are supposed to let you redeem something

But it only mentions 1 eth = 1 point

And doesn't give context to what points do

[scarlet glacier]

yes, that's the minimum you need for the balancer nft rewards

to spend on the balancer sale

[grave ore]

What's the benefit to having more points?

[fresh hornet]

4 points

[sharp fog]

Don't use so much logic here lol, you'll leak IQ.

[scarlet glacier]

you can get the nft balancer rewards

[kind trellis]

Everybody can dot it. It’s called poke. I have been talking about that since yesterday but it seems nobody knows the poke function lol

[barren scaffold]

Its safer if we all just stay on the left side of the curve

[sharp fog]

hahah 🐵

[grave ore]

Okay. But we can get one with 1 point. So what is the difference/benefit to having more points?

[frail ridge]

HI all

i read that the presale is only on Balance

why is MCX selling it with USDT?

also

is tihs project a scam?

[sharp fog]

Not a scam

[frail ridge]

figured

was in the mining pool

sold at 30

LMAO

alite

thanks

bye

[sharp fog]

Cya, have a good day

[edgy sapphire]

Is there a floor how much the price can go down? I understand that there is 920’000 left

[barren scaffold]

He's joking @frail ridge 👀 👀

[scarlet glacier]

some rewards cost more points

[haughty zenith]

Is there really anyone saying the price of the token is too low? I haven't seen anyone say that.

[scarlet glacier]

what

[grave ore]

In-game rewards later? What rewards?

[scarlet glacier]

not in game

just a nft

for collector purposes

[sharp fog]

yup

[inner topaz]

Can we refrain from this please

[grave ore]

So you can redeem rarer NFTs with more points?

[sharp fog]

It's a joke, the guy was obviously a troll.

[scarlet glacier]

I guess so yes

[grave ore]

Hi can you please explain how points work/the benefits of more points and what they do?

[inner topaz]

I know, but people skim read. Even I'm sarcastic sometimes, but not during this stressful time for buyers

[barren scaffold]

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

[sharp fog]

Fair enough 👍

[last pumice]

Hello, is this playable already ?

[grave ore]

Yeah I read that but it doesn't explain anything about points beyond 1 eth=1 point

[scarlet glacier]

1 eth one point

[severe igloo]

Not yet, but stay tuned or you will envy the ones that get to play early

[molten fern]

I've said it before I'll say it again, everyone! Do your research, if you are not happy with the price do not buy and the price will come down. Pretty simple patientence!

[scarlet glacier]

minimum amount you can get is one point

different nfts cost different amounts of points

that's it

[molten fern]

The only thing keeping prices up right now are the apes

[barren scaffold]

Hey Envy. Not yet. The game is still in development and will launch sometime in Q3 this year

[foggy arch]

LMAO, some guy bought 124 eth at $70, and sold 117.5 at $59, wtf is that

[quick spindle]

The number of points you need to redeem for one of the NFTs is listed underneath the picture of it. So if you spend 5 ETH on ILV tokens you get 5 points...and you like the first Rhamphyre NFT in the top left corner, you can spend your 5 points on that after the Balancer sale ends 🙂

[crude sparrow]

People can only get NFTs within the 72 hour limit. Important to stress as people want them.

[barren scaffold]

It's Balancer balancing

[undone radish]

Hey Envy. Not yet. The game is still in development and will launch sometime in Q3 this year
@barren scaffold so what are the tokens being sold now for?

[foggy arch]

oooh Got you ! Well, that makes sense.

[severe igloo]

They'e for governance, farming and hodler incentives

[grave ore]

Okay and if I purchase 1.2 eth , then I could get a 1eth NFT + a 0.2eth NFT?

[scarlet glacier]

I think it's in 1 eth increments?

[plain delta]

yes.

[plain delta]

No. Decimals are fine. Hell if you can find a way to buy in increments of some transcendental number, more power to you. I'll give you π points.

[scarlet glacier]

Oh okay, is that clarified in the Medium post?

[grave ore]

Thanks

[quick spindle]

Exactly 🙂 And then the badges on the bottom row are a tiered system. So you don't spend your points on those... you just get them automatically. So after spending 1.2 ETH, you'll automatically get the Silver badge AND you have 1.2 points to spend on the other NFTs

[fallen carbon]

so you even get 0.2 points for spending 0.2 eth, right?

[last pumice]

Thanks for the replies, anyone knows how much is the average spent to be able to play ? I'm new in cryptocurrency & first time hearing these types of games & want to invest in here. HARD core gamer here <--

[crude sparrow]

bronze emote is .2

[grave ore]

Last question - why does the token price fluctuate during the initial sale? Usually initial sales have fixed prices

[grave ore]

Thanks man!

[plain delta]

yes.

[twilit tartan]

What happens if the tokens don’t all sell out?

[plain delta]

Bronze emote is 0. You just have to buy in the sale.

[grave ore]

I didn't realize the photo showed all of the possible NFTs to redeem

[crude sparrow]

roger that

[plain delta]

It's only fixed in fixed price sales. Which are usually terrible.

[scarlet glacier]

Oh, I read "1ETH - 1 point" and thought that meant that that was the minimum you needed to get points, and that it was in 1 eth increments.

[plain delta]

then the tokens will go back to the treasury.

[grave ore]

Why are they terrible? I've never seen a non-fixed token sale

[foggy arch]

With fixed prices, bots can frontrunning you, then you'll never buy at cheap prices

[plain delta]

Because either the price is too high and the sell through is low, or the price is too low and bots get everything.

[grave ore]

Cool! Thanks for the info

[last pumice]

1 eth - 1 point are these the points you guys referring ?

[craggy peak]

I need the pink robot crab can someone donate

[grave ore]

Will redeeming NFTs cost gas?

[scarlet glacier]

there's a 0 point nft? 😛

[foggy arch]

Yes, indeed.

[plain delta]

Yes, so redeem your stuff in one transaction

[last pumice]

think this still pay to win ? 500 pts is god 😆

[grave ore]

Oh okay. You can redeem multiple in a single tx?

[twilit tartan]

When the tokens launch on exchanges, will the price start at where it ends on this sale?

[undone radish]

They'e for governance, farming and hodler incentives
@severe igloo what is there to govern before the game launches?

[scarlet glacier]

they're not ingame items I believe?

[dapper holly]

they are not

[last pumice]

oh i thought that was the pet

[scarlet glacier]

Wouldn't that be determined by the market?

as in demand

[twilit tartan]

From there on after yeah

[severe igloo]

Lol, a game needs to be developed? A community needs to be managed? Or do you think Aaron and Kieran are imaginative people coming into existence only on launchday?

[barren scaffold]

There will be a liquidity pool on sushi swap and yes the price will continue from where this sale finished

[twilit tartan]

👍

[plain delta]

Nope. It doesn't go in the game.

[plain delta]

Yes

[tired hazel]

I mean, if you can sell those NFTs they may be worth it

[twilit tartan]

Any plans on having a closed alpha?

[sharp fog]

Is the treasury a staked ILV holder too?

[plain delta]

Nobody knows what those NFTs would be worth. It depends on what gets redeemed.

[grave ore]

Please airdrop instead of treasury 😉

[plain delta]

In the treasury they will be secure. If we gave them out to everyone it would reduce the price. And people have already bought, we don't want to do stupid things. Edit: I know you are being silly, but some will take it seriously

[undone radish]

Lol, a game needs to be developed? A community needs to be managed? Or do you think Aaron and Kieran are imaginative people coming into existence only on launchday?
@severe igloo fair points but just seems a bit early to do public sale now given it will take another 6 months or so. Could have done another private raise now and public one like 1 month before launch

[grave ore]

Oh okay lol. Yeah I was just joking 😅

[severe igloo]

no because all of it start now. Also remember that staking rewards sILV which can be used in game as well. People might wanna start on that now so they have a stack, given that ETH will not be upgraded for a while

[plain delta]

Where were these comments when Alice was a year out from their game with no tokenomics to speak of? Our contracts are all complete and getting audited. I guess people REALLY love spherical cows. 😛

[sharp fog]

The treasury itself can earn rewards via yield farming, right? So if a lot of tokens are not sold during this Balancer event will essentially yield farm? Or is that treasury address blacklisted from participating in this yield farming?

[severe igloo]

Creates buzz about Illuvium too so marketing wise it is also a good decision

[severe igloo]

It's the spherical wagyu for me

[undone radish]

Where were these comments when Alice was a year out from their game with no tokenomics to speak of? Our contracts are all complete and getting audited. I guess people REALLY love spherical cows. 😛
@plain delta i passed on Alice...but wanted to hear the reasoning on ILV

[plain delta]

It is not blacklisted, no.

[sharp fog]

Okay, thx

[grave ore]

If you purchase more ILV at a later time in the sale with the same wallet, it will calculate our total points from all txs right?

[plain delta]

Yes. As long as you don't sell.

[grave ore]

RIP gas, but I want a different NFT 😂

[plain delta]

With the game on IMX you won't have to worry about GAS (except to onramp your ETH)

[grave ore]

Yee I mean for buying more ILV

[north swallow]

This is probably a stupid question but for the nft points shop will there be bots too lol

[grave ore]

The floor price that ILV was sold was $50 each right?

[hexed wren]

M0z4rt is there 🤖

[north swallow]

I don't want bots beating me to my 0eth badge

[grave ore]

Can we not redeem no matter what if we have points?

[north swallow]

I mean why not would you turn down a free cookie

[sage falcon]

No. That was the ceiling of the LBP originally. Price will decrease well below 50 in the next 48 hours

[grave ore]

LBP?

[grave ore]

I mean... if we have points, are we able to redeem, or is there a limit per item so first come first serve?

[plain delta]

It is not a floor OR a ceiling. It is a start price. The price can go above and below.

[plain delta]

No limit.

[grave ore]

What LBP?

So you would recommend waiting if I planned to grab some?

[idle token]

what does Mozart for ?

[hexed wren]

its a backpack for your Illuvials it seems

and to make some dance 🙂

[weak axle]

Seem to me you not been reading the medium about ILV ; but yet you try to desecrate it price. Hmm 🤔 try and read and bag some ILV

[grave ore]

Where can I learn more about the tokenomics of ILV and total future supply?

I read something somewhere but lost it

[weak axle]

Go to the help -link section channel. It has a lot of resources to know more

[gloomy ibex]

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

[vocal cove]

can the $ILV tokens bought in presale be traded on uniswap after the sale?

[smoky quartz]

yes

[weak axle]

That’s if you do not want to stake

[smoky quartz]

how long is the staking?

[weak axle]

1 -2 years

[smoky quartz]

wait legit

i cant take it out?

[weak axle]

In 1 year probably

[smoky quartz]

by then crypto would be no more

eth prob 500

[weak axle]

Lol 😂 why do you say so

[smoky quartz]

market cycle end

[sharp fog]

Cool, then I finally get time again

[smoky quartz]

so the amount you put in is solely for the game and not to trade

[grave ore]

Why does Coingecko and CMC say the circulating supply is only 77k?

[smoky quartz]

wait actually i dont have to stake right

[weak axle]

Life as a whole is a risk; why are you so sure about your prediction? What if ethe doesn’t fall 500

[gloomy ibex]

If you sell before the NFT bonuses are selected, you will lose the chance at NFTs, and Sushiswap after initial sale

[smoky quartz]

lol it will

trust

you guys new to crypto?

[weak axle]

We can bet if you wish ; Eth has a lot of use cases ?

[smoky quartz]

you do know that things right now are super over valued right

[weak axle]

Yes you are right on that

[smoky quartz]

such as this project with no working product

[idle token]

wait it to be $1 then APE!

[grave ore]

?

[smoky quartz]

less than $500 not $1

[plain delta]

Did you now that games often get funded and then made?

[scarlet glacier]

What’s the timeframe for when the nft bonuses will be available?

[plain delta]

7 days after sale

[shell pumice]

Because that is how much ILV has been sold. So far.

[weak axle]

When the sales ends

[grave ore]

But 5 millions ILV has already been distributed

[vocal cove]

how much staking apy is expected and where do you stake it?

[shell pumice]

But locked, so not circulating...

[grave ore]

When will they be unlocked?

[plain delta]

They are locked.

[plain delta]

The final tokens after 24 months

[grave ore]

Are those mostly in the hands of the team?

[vocal cove]

so they tokens bought in presale now are locked and cant be traded?

[weak axle]

Yeah investors who believed in the project and risk their funds and having it locked up too

[grave ore]

Okay

How much were presale tokens?

[hybrid hatch]

3$

[limber mountain]

And the scrub sale was $100 right?

[grave ore]

Wow

[fiery ivy]

it wasn't

[gloomy ibex]

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

[fiery ivy]

@plain delta said 50$

[idle terrace]

No he didn’t.

[grave ore]

Where can I track how many are left on Balancer?

Can someone send the link again?

[scarlet glacier]

The initial sale was in that range

This sale started at $50

[quick cedar]

What’s the price now? Is there a link pls?

[grave ore]

Not for presale. That was Balancer's starting price

[robust garden]

What happens if not all the tokens are sold within the 72 hour sale?

[obsidian tide]

instead of getting everything spoon fed, how about using search feature?

[fiery ivy]

isn't the balancer the pre sale ?

[limber mountain]

No.

[fiery ivy]

oh alright

[shell pumice]

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

[grave ore]

The links aren't in #🔗〕helpful-links and not easy to find again

[grave ore]

Ty

[obsidian tide]

they are in #📣〕announcements

it's at the swap site of illuvium

[shell pumice]

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

[vocal cove]

current price is 59$

[gloomy ibex]

Most of the important information is here. Such as tokenomics, how balancer sale works, all the questions asked in the past 20 minuntes https://illuvium.medium.com/

[hexed wren]

maan ppl really hate to read!😵

[limber mountain]

People really hate crappy workflows too.

[vocal cove]

in the mentioned article, the staking and vesting period and what happens AFTER the sale with the pre sale tokens is not mentioned

[undone radish]

out of intererest...when you but with USDC balancer still converts usdc into ETH....so will you also accrue points towards NFT ?

[vocal cove]

so valid questions

[limber mountain]

Nothing wrong with longing for shitty human interaction...💩

[gentle sorrel]

When is Mozart doing the default dance

[fiery ivy]

guys i don't know what is your deal wanting a price going from 76$ yesterday to 3$, that's not even healthy for marketing porpuses loool, will look like a rugpull u guys are f crazy ahahah

someone said before @slim sonnet this one

[hexed wren]

i want it to 1$ personally idk

[gentle sorrel]

You bought at $140 didn’t you

$1 ido however...

[fiery ivy]

lool

[grave ore]

Okay last question. What are the implications of the pool weights gradually shifting from 96:4 to 50:50?

[undone radish]

how often does rebalancing take place?

[fiery ivy]

bought at 59 just now

[gloomy ibex]

https://illuvium.medium.com/18-illuvium-balancer-liquidity-bootstrap-pool-starts-tuesday-march-30th-15-00-utc-fcfd6f3f54d8

[undone radish]

implication is that the price drops

[fiery ivy]

mate i talked with him he said he was going to wait for 3$ to buy ahah i'm not crazy .... he spoke in here can't find it

[gloomy ibex]

Explains how it works

[fiery ivy]

right ofc

[undone radish]

will be lucky to see this going below $50

[idle terrace]

I think it’s kinda silly that we’re 20+ hours into the sale, not even 10% of tokens had been sold yet we’re still above the initial price.

[tired hazel]

It will drop

[gloomy ibex]

Also #💬〕general message explains how it works in different terms

[undone radish]

why is that silly?

[fiery ivy]

does this have any marketing ?

[idle terrace]

Because the demand isn’t that high but the initial 30 minutes of the sale is dictating the entire 72 hours.

[lavish leaf]

Silly is people buying 100+ making it go way overprice

[gentle sorrel]

Imagine if the starting price stayed at 100

[idle terrace]

The point is to sell 1m tokens. Obviously at this rate it’s not going to happen.

[gloomy scroll]

It would be $120 now and crash even harder later, Good thing they changed imo

[fiery ivy]

but is this project promoting themselves in socialmedia? (twitter, telegram) idk

[idle terrace]

Don’t split hairs on me lol. 30% into the sale, not 10% sold. It’s not a great pace thus far.

[fiery ivy]

awesome

they said it is going to be listed in UNISWAP after balancer sale, is this correct?

[idle terrace]

Sushiswap

[fiery ivy]

alright !

awesome

[undone radish]

welcome to Balancer sale

[idle token]

I second this, better to get xsushi

[cerulean pier]

i dont see it dropping below $35 before everyone starts pumping up the price

[plain delta]

No.

[maiden sphinx]

1. Can admin confirm what pre-sale price was? Since i read medium tokenomics article and there was only amount invested and not to what price. 2. Is there specifics how to get NFTs? Again article mentioned only some goes to early buyers, some in some raffle and then based on size of investment

[undone radish]

have a look at a balancer sale that happened just few days ago...it has a chart (which illuvium didnt produce) . the starting price was 0.029

https://sale.tidal.finance/

[idle terrace]

Spiked to 0.06 very early and then ended around 0.029 what is your point?

[idle terrace]

I’m familiar with the sale.

[undone radish]

that it takes a while for price to come down...you are saying its silly but its just standard....took 30 hours + for tidal

[gloomy ibex]

Check out the tokenomics and the bonus NFT articles https://illuvium.medium.com/

[idle terrace]

Yeah I guess my point that it takes too long to come down. Maybe I’m just bored lol

[undone radish]

some prices never even go to the original price

[idle token]

it looks the bottom was 1/4 of the graph. so we can estimate it would be the same for ILV?

[idle terrace]

I’m not sure of the volume sold at that time. I feel like if only 10% of the tokens have been sold so far the price should come down faster.

But again, maybe I’m just bored

[turbid lynx]

who would like to buy?
https://rarible.com/token/0xd07dc4262bcdbf85190c01c996b4c06a461d2430:365114:0xd5528c7d624ac048d1e687b835815b643cf5ed39

[idle terrace]

Lol

[obsidian tide]

a bot user is active since hours, hence it takes time with going down

[gentle sorrel]

I will give you a single chubbie for it

[kind trellis]

@plain delta How long after LBP yield farming starts?

[plain delta]

Depends on the completion of the audit.

[kind trellis]

Alright thanks

[idle token]

does it give any advantage in the game?

[kind trellis]

So if I'm not mistaken, as all the presale, team, seed... are locked for 12 months, does it mean there will be only the token sold during LBP that will be circulating at the end of the LBP?

[gloomy ibex]

Promos have no advantage in game

and only skins and emotes can go into the game

[gentle sorrel]

No, they’re just promotional

[gloomy ibex]

burning the NFT when claimed in game

[gentle sorrel]

Can’t use ingame iirc

Are Broken Holos an actual rarity?

Or just some glitch in the matrix type nfts

[loud pagoda]

does anybody know why we see the different price on Balancer and Coingecko?

[kind trellis]

Gecko has always some lag for the price. The most updated one is the balancer one

[loud pagoda]

I see. Thank you!

[gloomy ibex]

Easy way to see current price https://swap.illuvium.io/

Put in 1 IVL from USDC

[languid latch]

the sale will be over when this hits 0 or ?

[kind trellis]

I have checked gecko, that's cool they have the circulating supply updated in real time

[gentle sorrel]

Either when it hits 0 or 3 days have passed

[loud pagoda]

oh~ smart lol

[kind trellis]

So currently there are only 77K ILV in circulation

[gloomy ibex]

sold in sale

[idle terrace]

Time based. It’ll be over in about 50 hours

[kind trellis]

sold in sale = current CS

[languid latch]

what happens with the coins that wont be sold?

and how low will the price be in 50 hours?

[gentle sorrel]

Well I’m no psychic so I can’t say

[chrome topaz]

there will be a vote

[languid latch]

oh thought that was porgrammed in the balancer

[noble glen]

hello does anyone know what the market cap is

[chrome topaz]

we wont know

until the end of the sale

[kind trellis]

https://www.coingecko.com/en/coins/illuvium

[languid latch]

so the best time to buy would be at the end of the sale?

or if given after the sale

[noble glen]

so the market cap is 4 mill

[kind trellis]

Around $4.4m mcap

[noble glen]

thats really low isnt it

[chrome topaz]

no

its not

the sale is ongoing

[spark siren]

Burning it means it becomes bound to the account?

[chrome topaz]

thats just how much has been bought

x price

[kind trellis]

If the mcap stays at this level or even below that would be cool

[last hinge]

what will happen to the non sold token at the end of the balancer pool?

[sage falcon]

wanted to buy but seeing the price drop 15% is abit concerning so gotta wait and see

[noble glen]

it says on coin market cap and coin geck the market cap is 4.4 million thatn ot correct

[chrome topaz]

the point of the balancer

is that its declining in price so when you think its worth it you buy

we are still in the presale

did you guys read the mediums

[gloomy ibex]

Burns the NFT, so you can't put it back on the chain to sell.

[noble glen]

understand how balancer works just want to kinow if the market cap is actually 4 million

[chrome topaz]

its how many are circulating

[kind trellis]

yes currently it's 4.4m

[chrome topaz]

but theres still 930k tokens up for grabs

[idle terrace]

Can you elaborate? What will happen to those tokens?

[chrome topaz]

and we have two more days

[spark siren]

Read the economy and how balancer works, then get your own conclusions

[noble glen]

oh so as the rest of the tokens get brought from tbalancer itlll go up the market cap

[chrome topaz]

yes

[idle terrace]

Can I be the treasury?

[noble glen]

i get it now vheers tybow

[chrome topaz]

but its still dependent on how

[kind trellis]

not necessarily if the price goes down

[chrome topaz]

many get bought

[sage falcon]

how much is the circulating supply once the balancer sale is over. I know some are locked up

?

[languid latch]

so the real market cap is is 6mil+83,799k * 58$ or?

[burnt wraith]

If i buy at 1inch, will i get token to redeem nft?

[chrome topaz]

dont use 1inch

thats just for charting

[kind trellis]

no, the current mcap is 4.4m. mcap is current circulating * price

[burnt wraith]

Ah shit

[gloomy ibex]

Sale is only through Balancer

[sage falcon]

@gloomy ibex and swap on their site

[chrome topaz]

but the sale is ongoing so the marketcap will change depending on how many tokens get sold

[noble glen]

what time and date does it end because i am in the uk diffrent time to austrlia

[languid latch]

yeah but real current circulating amount after this sale is, what has been sold in the sale + 6 mil or? since 3 mil were airdropd and heck knows what happend to the other 3

[kind trellis]

We will know at the end of the LBP. But only tokens sold during LBP will be circulating after the sale.

[chrome topaz]

but seed investers got in at $3

[noble glen]

the only way to know the true market cap is wait untill the very end of the balancer Tybow?

[kind trellis]

oh I didn't know there were 6m airdropped.

[languid latch]

how much was?

[chrome topaz]

15k was

[languid latch]

thought i heard that some where upsi my bad

[spark siren]

Read the medium post's on #🔗〕helpful-links

[noble glen]

the only way to know the true market cap is wait untill the very end of the balancer Tybow?

[kind trellis]

mcap is evolving in real time

[gentle sorrel]

Hey you can airdrop 3 mil to me to make it true lmao

[noble glen]

i see

how low do you think this balancer will go to

private sale was 3 dollas?

[hazy burrow]

good

[languid latch]

which article is about the tokenomics and what happend with them / to them

[kind trellis]

if nobody buys, the price will decrease.

[gloomy ibex]

After the sale, if everything sold, circulating will be 1.5-2m ILV if my memory serves correct from previous posts

[languid latch]

oh

[sage falcon]

so it is 15k airdrop + how ever much from 1 mil balancer that is circulating ?

[idle terrace]

Very slowly apparently.

[kind trellis]

83.7k currently

[gentle sorrel]

Well that’s the nature of the weight

[red ridge]

How does the treasury for the remaining tokens work? Are all tokens not sold during the 72h period deposited in the Treasury at ending price? If so, who's funding that?

[noble glen]

thanks

[idle terrace]

15 minutes to spike, 24 hours to dip

[gloomy ibex]

@sage falcon 1 inch is nothing official if it's there, but if you sell before NFT bonus claim is finished, you won't receive them

[spark siren]

90 dollar decrease in less than 24h with people and bots that keeps doing transaction seems slow to you?

[hoary yew]

no idea why you would jump in at the start of a lbp

[gentle sorrel]

Ape together strong

No... why price going wrong way

[idle terrace]

Yes. Not even 10% sold 30% into the sale. Price is still too high.

[kind trellis]

if you have a bot, it's very profitable.

[hoary yew]

so bots insta buy and then dump on non botters. buy high sell higher i guess?

[kind trellis]

yes, I have seen 1 bot makes $100k in 20mn yesterday.

[gentle sorrel]

Yeah pretty much

[past marsh]

the bots are making money on the people ape in after them. that's going to happen no matter what.

[hoary yew]

nice, guess thats his edge

[gentle sorrel]

Bot buys a ton, price spikes, suckers fomo and the bot gains money

[hoary yew]

need to learn to make bots, clearly im missing out haha

[idle terrace]

The bots that bought at $50 are still profitable now but they almost certainly sold $100+ so they did good.

[spark siren]

Price still hight cause of fomo and bots, still 2 fully days to wait with a token weight decreasing, if it went up and down faster i wouldn't have sense

[misty hazel]

Technically, just because 3 out of 10 was sold, doesnt mean there was only 3 total sold. It could be sell-buy-sell-buy on those 3 hundreds of times

[past marsh]

but for people who are patient and took the time to know what's going on it's fine.

[kind trellis]

yea they sold in 10-20mn after they bought

[idle terrace]

Yeah I think I’m just being impatient. Lol

[hoary yew]

python for bots?

[kind trellis]

JS or solidity is better. Seems like Python can be slow for a bot

[idle terrace]

I know ami disagrees but I don’t think the starting price mattered. I think they just play off the fomo, make a quick bucks and bounce.

[kind trellis]

yes of course

[past marsh]

i think starting price matters marginally to deter some people from apeing in. like if the starting price was 10,000, maybe a lot more people think twice about what's going on

[hoary yew]

ok awesome. got some side project to look into. Thanks for enlightening me. Appreciate it 🤝

[noble glen]

do we nee to use usdc to buy in balancer pool not eth righ

[gloomy lantern]

Hi everyone. Who knows if buy IVL by USDC is it OK for NFT reward or only ETH?

[buoyant mauve]

What will be a good price to buy? 10-20$?

[gloomy lantern]

Yes OK or ETJ only ))

[gloomy ibex]

When you feel comfortable spending.

and what you value it at

[gloomy lantern]

Thx

[idle terrace]

Yeah I just think apes gonna ape either way. Unless like u said the price was astronomically high

[past marsh]

yeah can't stop that. the problem here is people think that the starting price set in the pool has some relation to what the team want's to sell the tokens at. so many comments like "omg how can the team want to sell these tokens at $50". people would freak out if they thought they were trying to sell tokens at 10k.

[undone radish]

how often are the weights adjusted? every 15 minutes or more/less frequently?

[past marsh]

as sad as it is, there should be like giant letters on the swap page saying don't buy unless you read this and click through. and clicking through forfeits your right to complain haha

[severe igloo]

It's going down SO slow lol.

[severe igloo]

And a little quiz. KInda like binance does

[torn patio]

What I would like to have is a button that everyone has to click before buying, indicating they are either APEing into the sale, or have read and understand how a Dutch auction BLP sale works.

[dull spindle]

What is going to be done with unsold tokens?

[buoyant mauve]

How much gas do you need to pay for the swap?

[idle terrace]

Oh yeah definitely.

[torn patio]

People that are buying at $60-$70 because they dont know any better, vs people buying at this price range thinking it is a fair price.

[idle terrace]

Oh thank god. I’m not the only one!

[kind trellis]

You can do it by yourself by poking on balancer. Gas fees involved though

[buoyant mauve]

But can you give me an indication? Lets say I put in 5K$

[buoyant mauve]

thanks!

[past marsh]

does anyone know how balancer gas usage compares to uniswap? it's higher right?

[languid latch]

so those in 1 are already gonna be circulating supply

or are those going to be

from which date

[gloomy ibex]

No, they are locked for 1 yr, then unlocked linearly over the next year

[languid latch]

oh

so circulating supply is gonna be this sale + airdrop?

for now

and when will the yield be availabe?

[little flax]

https://tenor.com/view/achilles-troy-attack-fighting-gif-7341694

[languid latch]

ok ok have we got numbers for the yield?

ty for answers Ami 😛

[idle terrace]

There’s no hard values. But basically the yield amount decreases over time. So staking earlier yields more than staking later.

[bright kraken]

Does anyone know the seed sale vesting schedule for $ILV?

[idle terrace]

Locked for 1 year, unlocks linearly over the 2nd year.

[gloomy ibex]

and then for your follow up questions https://illuvium.medium.com/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[bright kraken]

ahh okay thanks

So then at TGE all we have is the 1 million LBP tokens (if they are all bought) and the 15K airdrop tokens then right

[idle terrace]

Circulating yes.

[undone radish]

those LBP tokens are never fully bought....i think about 1/2 of 1mn will be sold

maybe a bit more

[idle terrace]

He said “if they are all bought”

[tepid dust]

whats current price on balancer

[worn scaffold]

When will be the audit?

[severe igloo]

oooooh we gettin' there

yea I have a writers meeting later today so I am lucky to be behind my computer all night

[idle terrace]

Mine says $61.73. What are you using? I’m just in the balancer swap page.

[bright kraken]

Getting where lol trying to buy at $50?

[torn patio]

mine says $61.75

[teal wedge]

Hello all! Can you explain me how this transactions works? Is It arbitrage? Bot?

[severe igloo]

huh.... that is interesting. I suppose that is rate distortion between USDC and USD

[marble oyster]

😄

[fleet quartz]

Big bot man getting that bread

[hybrid finch]

yes a bot abusing the mechanics

[teal wedge]

I noticed in Etherscan these TX couples are in same unique transactions

[gloomy ibex]

This was at start of sale because of apes

[teal wedge]

I know about aebitrage with 2 exchanges... But it is in the same Balancer , same transactions...

[fleet quartz]

Damn that’s a crazy flip

[hybrid finch]

it pokes the weight between the 2 transactions

moving the price in its favor

[teal wedge]

I know... But It Is One only transaction... Not 2 different

[severe breach]

Well the end idea is that we can't do anything about it....and that concludes it

We can just hope we all get it as close as possible to the price we want..other than that..that guy is a ghost on the blockchain

[fleet quartz]

Or.. you know.. just not buy in a shitty flawed bootstrap pool

[idle terrace]

At this rate, I’ll have to wait til sushi for the price I want lol

[teal wedge]

Indeed i think It could false the real price discovery...

[severe breach]

It's not the games devs fault mate..or a flawed pool..it could of been any project

[fleet quartz]

Dude it makes 0 sense that you can sell back to balancer

That is a flawed mechanic

[teal wedge]

Exacty... At this point It Is not token sale... But Just listing on AMM

[severe breach]

Well go and take that on Balancers team then..tell them how they should program their asset then

[idle terrace]

I have never heard of balancer until this project but my early inclinations are that it’s not great at price discovery.

[undone onyx]

reading is hard for too many people I guess and nobody decided to spend 5 minutes to learn Balancer pools are cheapest at the end of a sale lol, and I mean nobody decided to read

[teal wedge]

Anyway... Can somebody explain why $ILV Is already listed for trading on Hotbit.io?!?

https://www.hotbit.io/exchange?symbol=ILV_USDT

Is It legit or fake?!

[ripe solstice]

I think balancer’s concept is very good but for a token launch with no vesting period it’s kinda flawed that you are allowed to sell within the launch period

[idle terrace]

Uh that’s not true. Look at the tidal chart.

[severe breach]

That's a scam mate

[idle token]

well, Balancer is famous AMM to combat Impermanent Loss

[fleet quartz]

That’s not true per se. You usually see a spike at the end because fomo

[undone onyx]

the literal end yes

[idle terrace]

Yeah I do like that part. I don’t like the part that tokens can go unsold. Kinda goes against the whole supply/demand concept.

[bright kraken]

just wondering, did illuvium ever try to get on polkastarter or big launchpad?

[idle token]

the other platform would be Binance launchpad which I see the team doesn't like CZ 🙂

[fleet quartz]

Balancer should put in place a mechanic where you can solely sell back at your buying price

That would render the bot useless

[teal wedge]

The whole exchange Is scam, you mean?

[remote mason]

Don't post that dude, that exchange is criminal basically

[idle terrace]

What the asking price!? Lol

[remote mason]

Lots of people been ripped off by them for noia tokens already.

[severe breach]

If you choose to do exchanges on platforms like that..no wonder you trolling here

[remote mason]

You will lose your money.

[teal wedge]

Oh ok!!!! Thanks. I didn't know It... I just saw that... And i was like?!? WTF!

[remote mason]

Np

[fleet quartz]

In what way is he trolling lol... just criticizing 😅

[teal wedge]

Sorry guys... I am new in crypto world... If It Is scam exchange i believe you... And i am Sorry i posted It

[severe breach]

If ppl would take 5 min to READ..you would know for about 5 weeks now that the only official sale is on balancer

[undone onyx]

we established that was difficult here lol

[teal wedge]

Indeed . I don't understand that shitty exchange... I Will stay away from It in future... Tks

[south horizon]

Come to my personal exchange. It's totally trustworthy. In a backyard of some random ass gas station. 🙈

[idle terrace]

This is a symptom of attempting to bring a decentralized game to centralized gamers. It’s actually a good sign that so many clueless people come in here.

[south horizon]

You have been there already? 😉

[undone onyx]

it says bitcorns are safu

[glossy coral]

hi

[idle terrace]

Hi dude

[grim tiger]

I read all the medium post. Do we know what will be the stacking yield yet ?

[teal wedge]

Ahaha You ass..e making fun of me! 😂 Ok. I deserved It . Tks anyway for the info... Till now i just used Binance and crypto.com. i will stuck there avoidong new strange exchanges

[summer trellis]

How the sale ends¿?

[wild frigate]

I still cant believe people are buying at this price, haha. I don't think they get it

[summer trellis]

@blissful bay Thx, I dont know how to buy it actually. It says add liquidity, but now i dont know how much ILV i get. Could someone help me?

I have my ethereum on balancer

[restive cedar]

Price update anyone?

I am at work

😫 😫

[summer trellis]

@blissful bay I am trying to use Balancer

[wild frigate]

59

[zealous adder]

its creeping down. Im going to start entering at $50

[wild frigate]

I wouldnt, balancer still gives it a lot of downward pressure

[sage falcon]

don't know if it is the best idea

[red geyser]

The percentages are about weight over time. Not simply token balance. I believe it is all together possible that the the ILV could sell out. it is not limited to 50% of the total

[humble dagger]

Just listened to the latest podcast, so bullish

[quick spindle]

Ooh which one is this? How new?

[humble dagger]

BlockchainBrad one, saw it on twitter

[proud badge]

illuvium still at 76$?

[cursive kernel]

How about preivl?

I have 5.25

[red geyser]

No it’s all about people wanting to purchase at the price point. It’s still too high.

[gloomy ibex]

will be converted after audit is complete. keep it in your wallet

[barren scaffold]

What's the target!? 👀

[red geyser]

I think he is meaning the weight percentages.

https://tenor.com/view/will-ferrell-mind-reader-are-you-reading-my-mind-gif-12130474

[gloomy ibex]

If you are having difficulty understanding how balancer works, go read here for a good example #💬〕general message

what are you refering to with release curve?

[gusty ridge]

Anyone know how the point allocation works? Is it cumulative ETH spent= cumulative points or would you have to spend 50 ETH in one transaction to get 50 points?

[gloomy ibex]

Total spent

as long as you didn't swap back.

[wild cedar]

if we have low budget. can we buy at mxc? right now

ye.. but i only have 500$ to invest so im not qualified

[obsidian tide]

and neither the ilv

[wild cedar]

still

[junior belfry]

There are 0.2 eth nfts

[whole mist]

How much each do you have to spend in order to qualify for an NFT?

[junior belfry]

And the badge

[wild cedar]

ohh

demm

[gloomy ibex]

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

[rough fog]

Guys, we know if the Badge will have any utility? or its just pay 50$ in fee to see that you invested in the public sale?

[wild cedar]

for .2 eth im only qualified for the lower left right?

[gloomy ibex]

Badges are awarded for your spending, free, everything else costs your points earned

[gloomy ibex]

One of these

[quick spindle]

And then you receive the Bronze badge automatically 🙂

[rough fog]

https://tenor.com/view/-gif-3777101

[foggy arch]

https://tenor.com/view/emmy-amy-poehler-peace-out-peace-sign-peace-gif-13956226

[wild cedar]

ohh didn't see those

now im having dilemma

hahaha

[quick spindle]

https://tenor.com/view/sunglasses-cant-deal-with-it-gif-5853358

[wild cedar]

mabye ill go for .5 eth

🙂

imma sell some SLPs first. haha

[whole mist]

So to get the Dragon that costs 50. Is that 50 ETH or 50 ILV?

[rough fog]

eth

[gloomy ibex]

1 ETH spent = 1 Point

[tame solar]

So if no one buys till end of sale price will be at 9 dollars per ILV

Sense a bottom happening now

[mental terrace]

Hey there 👋

[whole mist]

When does the sale end?

[gloomy ibex]

It's already below 60...

[frank notch]

not scaling in till 30

[gloomy ibex]

and we still have a ways to go

[frank notch]

only 10% tokens gone

[quick spindle]

Yeah... full what... 48 hours of weights?

[foggy arch]

I think it can touch $50, but i'm waiting $52/$51 to buy again

[frank notch]

wait I thought ami was a bot lol

[foggy arch]

LMAO, so true

[urban jewel]

How or when do we convert pre ILV tokens?

[formal oar]

pin this.

not that anyone actually LOOKS at pins 😫

that was going to be my next suggestion lol

[foggy arch]

https://tenor.com/view/minions-despicable-me-laugh-lol-funny-gif-3972329

[quick spindle]

Yeahh, I think they do that in Telegram groups which helps (somewhat)

[south horizon]

Pin a 99% discount code, maybe they'll read it then 😉

[fair moat]

His name is literally MasterShiller

[severe igloo]

https://tenor.com/view/kick-cartoon-silly-wacky-gif-9316304

[spare zodiac]

Banned to the moon

[lofty fox]

@blissful bay how are you doing?.. you have been working over time during this whole thing so far.. hope ya not too stresseded out.

[crisp warren]

Hydrate. Keep it up!

[quick spindle]

Yessss love coconut water!

[west notch]

is 1inch and 0x always below the balancer price?

1inch is sometimes 3% cheaper lol

maybe just misreading the pool price

or the pool isnt updated

anyways happy almost sub-$50 y'all

[wild cedar]

on balancer we can't set gwei.. i just wanna check the gas price of 130gwei.. it seems save button is greyed out

yes.. but i can confirm if i just select normal fast slow.

[prime anchor]

Where can I see the seed / private price?

[west notch]

we are somewhere here

[wild cedar]

its ok now.. my other address was connected.. sorry. but the website shows my other eth wallet address. hence the confusions.

[prime anchor]

Thanks

[scarlet surge]

Is the bot dude still scalping?

@sage falcon make it into an NFT and sell it after balancer ends 😆

[dapper apex]

$100～$50？

[west notch]

it should but it kind of breaks the model in terms of tokens acquired and dollars spent cause i cant subtract money from the sales override function

so the rest of the line becomes inaccurat

[dusty badge]

Hi I cant reach nfts.illavium site

[worldly violet]

Appreciate you sharing this! Very helpful.

[scarlet surge]

what's the weight of the pool atm? balancer is not loading for me 🥲

[dapper apex]

Is the end price $50？

[west notch]

@scarlet surge

[steel pebble]

you guys are buying regular, from here, right? https://balancer.exchange/#/swap/ether/0x767fe9edc9e0df98e07454847909b5e959d7ca0e

[dusty badge]

Hi guys I cant reach https://nfts.illuvium.io/

where is pin sir.

[foggy glacier]

Lol

[scarlet surge]

cool thanks 👍

[dusty badge]

Channel-info

oh ok ı find

maybe 50 hours later

[worldly violet]

5 minutes till 24hrs of the sale!

[soft cliff]

i.e. 48 hours left

[raven idol]

swap site down?

[soft cliff]

up for me

[worldly violet]

Shouldn't be

[raven idol]

ah my firewall

[proud badge]

still 76$ and not many buyers when does it start to come down

[torn patio]

its $61 currently

[sage falcon]

how many people waiting for 50$

[torn patio]

sorry $58.53

[proud badge]

sorry it is 58.53$ as my page didnt reload

[weary spruce]

I think this can go to 20-25. that would be a pretty nice buy area

[proud badge]

im wiaitng for lower than 50$ how can this gaming coin be worth more

[scarlet surge]

lol that guy's still at it?

😓

[wispy kindle]

If price > 50$, really no room to grow more, you guys bought it that high too risky

[torn patio]

how are people paying $5000 for 1 plot of Axie land?

[proud badge]

agreed but what will 1 ilv do for you in game?

[barren scaffold]

How much do you reckon?

[fair moat]

ILV is not the in-game currency, ETH is

[barren scaffold]

Noo...

[torn patio]

what will 1 piece of Axie land do for you in game?

[wispy kindle]

Pp want to play game, its acceptable for some pp, they dont care about token

[torn patio]

nobody knows. its all speculation.

[barren scaffold]

The bot started with 30ETH. It's a paid a lot of fees. I think you guys are massively over estimating its impact

[proud badge]

can you rent it out ?

thats crazy he can do that

1700 ilv is whal status imagine what he would have accumulated by the end

[dim pine]

Hi, regarding ILV tokens release, when balancer pool ends, will only tokens from balancer be traded on uniswap and other presale tokens will be locked ?

[lapis ingot]

I thought he doing well by gaining ILV?

[weary spruce]

I think this game world will be sic and so will the NFTs. i still think this can possibly get to 20 on here. I'll buy there if it does. Seed round was 3.30 I think.

[sage falcon]

what will happen with token which will not be sold within 72h ?

[hybrid finch]

the million dollar question is when does he dump all the profits

[proud badge]

yes seed round was 3.30 but there locked for 1 year i belive

[hybrid finch]

locked for 1 year, but there is no game for next 6 months

so by the time you start earning, they will be close to unlock

[proud badge]

yeah true 6 months is short time for a game to be released