💬〕general

[humble wave]

I need it LIVE. It’s like getting home and you have to eat a leftover

[calm arrow]

I have no good advice then, sorry :(

[humble wave]

There’s no advice. I have to watch it recorded. I was just whining 😁

[real tiger]

How are we still at 30m cap haha

[calm arrow]

Need gameplay footage

I'm freeing up another couple of thousand dollars in a week, but holding off converting to ILV to actually see gameplay most likely

[humble wave]

New YT, gameplay, demo and YF might push us up a bit. Might

[crisp sorrel]

We need gameplay

[tame solar]

July is gonna be lit

LIT

[sage falcon]

@tame solar what is july?

[humble wave]

I’d say July would be an interesting month as well.

[sage falcon]

what is special about it

[olive hollow]

oh wow

30 million market cap

[humble wave]

Everything interesting might hapen there. New YT, YF, demo

[olive hollow]

is there a reason why the circulating supply is very small compared to total

[humble wave]

We know bro 😁

[olive hollow]

is it because most of the supply is held by non retail investors

oh u know what

its prob because most illuvi are staked huh?

that makes sense now that i think about it

[quick marsh]

The $ILV token is used for governance, meaning anyone holding the token can vote on proposals that improve the game. For further details read: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[olive hollow]

ahhhhh yeah that makes sense

ty

[rain thorn]

Morning ~ ✨

[humble wave]

Rise and shine 🙂

[rain thorn]

https://tenor.com/view/rise-and-shine-wake-up-bright-light-gif-13496252

[calm arrow]

Has there been any hints as to the apy on ILV staking in house or is it totally unknown?

Thanks Ami

I don't really know whtat a good apy is. Too new to crypto, too corrupted by terrible bank returns

ILV/ETH is effectively double the $ reward of just staking ILV right?

I thought 80% was for ILV/ETH but you'd need to put in twice as much (to cover the ETH too) so it brings it down to more like double

Or am I too smooth brained?

Because most will stake ILV only? Or other reasons?

Feel free to link stuff if I'm asking simple already explained things

[quick marsh]

The $ILV token is used for governance, meaning anyone holding the token can vote on proposals that improve the game. For further details read: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[calm arrow]

Ta, will read that now

[humble wave]

Don't dump the price. I have no cash to buy more. 😫

The stream is amazing by the way.

[rain thorn]

The dolphin has been moved to the right side 🤔

[humble wave]

Yeah.

[twilit junco]

So I can stake $ILV only OR $ILV combined with ETH for a much higher return? Do I understand this correctly? If so, do we already know the ratio of $ILV to ETH for that pool? I guess it's not 1 ETH per $ILV, right?

[quick marsh]

You can yield farm ILV in 2 main pools.

ILV/ETH at a 1:1 ratio USD values matched or ILV Only. 3 Million tokens will be distributed through yield farming over a 3 year period, with the first year being 1.8million tokens. Only unlocked tokens can yield farm which is less than 1 million tokens. Meaning, you get the maximum rewards possible. You can lock up your tokens for a maximum of 1 year which can increase your weight in the pool up to 2x. More details will be published before Yield Farming goes live near the end of May. Until then, here is more information: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be If you don't know what Yield Farming is you can start researching here: https://www.youtube.com/watch?v=ClnnLI1SClA

[twilit junco]

Thanks, Ami. Gonna look into this a bit more. While I certainly don't have the funds to also equal my ETH in value compared to my $ILV, still cannot hurt to educate myself more 🙂

[lofty fox]

Do we know if both pools are "lockable".. or will that just be the ILV/ETH pool.?.

Coolbies coolbies.. twas just a random question that popped into my head.. was not sure if it had been covered.

[humble wave]

After one year we’ll have to unstake and restake again for another year right?

[rain thorn]

I don't have either, I'll just swap half of my $ILV for $ETH once the yf is ready.

[twilit junco]

Does that make sense? I still need to read up on risks etc. Also, while $ILV/ETH does have more yield return, it will also take some time to give more in return than a higher amount of $ILV from the get go, I guess. Less $ILV does after all also mean less revenue share etc. If actually considering to swap though, wouldn't it make sense to do it now with ETH declining? Or is the ratio when swapping $ILV to ETH not tied to the current value of the two?

[humble wave]

I’m ok with locking for years to come. After the 3 year token release it’ll be time for revenue distribution right? Will we have to lock our tokens again? Or we'll receive it weekly without locking?

[rain thorn]

I thought that $ilv will do much better than $eth until the yf. It doesn't really matter what you decide to hold as long as you lock both.

If you want to learn about the risks you should read about impermanent loss

[humble wave]

Both are good. Even if you end up with more ETH, it's not a bad thing

[rain thorn]

I don't know how things will go in the future but my initial plan is staking holding for 2-3 years btw.

[humble wave]

Yeah I know. I was wondering about the plan after the 3rd year

[rain thorn]

Too many variables in the future, we'll see.

[twilit junco]

Will read up on it before deciding, yeah 🙂

[calm arrow]

In crypto do people tend to stake into the matched pairs or not? Would you expect both pools to end up being similar in returns, or more people will just stake ILV causing the paired pool to be worth way more

[twilit junco]

I plan on locking 2 years+ anyway probably, just need to figure out, what's best to do if there are more options than just throwing my $ILV into a single pool 😄

[calm arrow]

Hah ok. I'll not think about it too much then if tgere's no clear answer

And ny understanding was you must be staked to recieve vault rewards, but don't have to be locked

Ah, I assumed stake = press the button on the website, locked = 1 month + tie in

Thanks for all the help Ami

[humble wave]

So I'm gonna lock and enjoy my locked rewards for years 😁

[hearty veldt]

I wonder what is the best way if you just want to gain the most, passive income, in-game resources

in ILV or ILV/ETH or doesn't that matter so much as the risk difference matters

[twilit junco]

I'm definitively going to lock for 12 months as this appears to be the longest time possible, resulting in a weight of 2.0 instead of just something between 1.0 - 2.0 depending on the chosen timeframe. Not sure if I can make up my mind about $ILV or $ILV/ETH before we have more information though. Gonna read the tokenomics once again to see if that helps.

[hearty veldt]

yea true

[red grove]

Who dumps 1K ILV at 46$ lol

[humble wave]

Weak hand?

[red grove]

yeah

Just checked

he's outtie

[humble wave]

Atl was 44 right? I guess if this weekend death cross happens and BTC drops we might see another one. Good for those who can buy

[rain thorn]

We had 40 in May.

[humble wave]

Damn. Juicy

[rain thorn]

I missed it cause my broker was unreachable. I got in 44 tho

[humble wave]

And my bank didn't let me buy too. Got in at 48

[twilit junco]

Bought my first at $55 but luckily got the majority in the $46-$50 range, so I think that's still a good entry. If we actually go down to $40 though, I need to find more money. Although, already trying to, so I guess the current prices - unless drastically increasing - doesn't really matter anymore 😄

[humble wave]

One good thing here is that regardless of the ILV drop, since Dollar is a superior currency here, you'll end up not losing 😁

[humble wave]

Sit back and enjoy the ride. You got in the perfect time

[rain thorn]

Yeah I read something about your currency this week, it went down 11% or something

[twilit junco]

Wow, then I definitively got lucky to not having found out about ILV earlier 🙂

[rain thorn]

If I sell my XRP right now I can get 254 ILV instead, Interesting 👀

I think it's time for this swap lol.

[humble wave]

Good think I hold Dollars and not local currency. 😁

As long as ILV stays under 100 I'll keep buying every month and wait to stake the next year.

[rain thorn]

Yeah something is weird with Turkey's economy

I have no idea what's going on over there lol. cant be good tho.

[lofty knoll]

Why it is still dropping

I massively bought at 49

😑

[rain thorn]

Cause you didn't buy 😈

[humble wave]

I don't know too. Yesterday they were stopping cars and searching them.

[rain thorn]

For what ? drugs and stuff ?

[humble wave]

I guess you're out of cash. You just emptied your account 😁

[lofty knoll]

This time.. i'm dry

[rain thorn]

I'm sure you'll find a way haha

[lofty knoll]

Gonna have more soon

[humble wave]

No idea. Banks have been acting weird, police weirder. I would try moving to a European country as fast as I can.

[humble wave]

You and I both.

[rain thorn]

You have an european passport ?

[humble wave]

Nope. I'll try using my work permit. Been waiting to receive it for a year now. Everything works slow here

[twilit junco]

Is that correct, Ami? Quote from the tokenomics: "Stakers have the option of locking their staked tokens on a sliding scale for anything up to 12 months. Those that choose to keep their staked tokens unlocked get the flexibility to withdraw them at any time." This sounds to me that you can stake without locking as well. Unlocked you stake with a weight of 1.0 and locking gives you (depending on the timeframe between 1 - 12 months) up to a weight of 2.0. At least that's how I read it.

[idle terrace]

You can stake without locking. Stacking + locking increases yield.

[lofty knoll]

This is right

[sage falcon]

I wonder what the gas is going to look like for staking

Anyone got any approximations? Based on 20ilv

[marble oyster]

amount of ILV doesn't influence gas costs

[sage falcon]

You sure? The cost in fees was significantly higher when I bought a larger sum of ilv

[marble oyster]

with low gas ( < 15 ) you pay less then 20 dollars for approval of token and staking

fees are for sushi transaction

gas is for use of the eth blockchain (to not get into details of gas)

https://etherscan.io/gastracker to see the gas price

[calm arrow]

Not FUD, honest question: if whales are dumping thousands of ILV daily, should we be worried? Do they have access to additional info

[earnest tundra]

my opinion: if you're not a whale then don't bother playing whale games... you lose. Follow your own trading plan. My ILV trading plan is HODL

[red grove]

Highly doubt they have any more info than any active discord members here

[humble wave]

Don't check your balance daily. One day it's down the other day it's in profit. If you plan to HODL, then do so and enjoy your life or it'll be a misery

[vale cloak]

Yoshi

[rough fog]

We dont have staking yet right?

[vale cloak]

Yoshi

SUShi

[twilit junco]

End of the month is the current plan.

[vale cloak]

@red grove What attracted you here? The NFTs, the graphics, or just a plain gaming experience?

[red grove]

Nothing has changed about the project and all the potential that it has. You can argue 1 slightly failed marketing campaign and delayed on staking. But then you look at the juicy XYZ pool that we get to enjoy, as well as all the planned marketing with bigger and/or more targeted audiences with improvements in content expected.

My confidence in the project has not wavered at all. Amazing community here, don't think about the short term price at all imo.

[modest pelican]

Do they have access to additional info? Nope. People with a lot of assets make dumb decisions all the time, and they don't know the future. Recent xyz activity is still overwhelmingly desposits so IMO smarter money is still moving into ilv

[red grove]

My eyes are starry eyed and looking to buy

[humble wave]

One thing that's good about staking is when you stake, it'll stop you from checking your wallet every day 😁

[calm arrow]

Thank you. If they have no extra info it reassures me they are just idiots.

[red grove]

I've been in the gaming/esports space for a long time. I see so much potential in play2earn. It's going to explode. ILV is in this space but there's so many more things about the project that are bullish as well

[rain thorn]

I was checking my wallet only at the beginning, now who cares

[humble wave]

Good. You've lost the addiction 😁

[rain thorn]

It's an investment, you can't rush it by starring at it

[humble wave]

Tell it to my brother

[rain thorn]

I only check the charts when there are news or stuff like that

[modest pelican]

Don't get bogged down looking at sells either--those 3 big sell orders are also matched by several large buy orders. Instead of watching individual transactions, watch the team and community (where the puck is going), that's a better success indicator

[quick spindle]

Get Eden on voice chat... he probably will!

[humble wave]

Yeah I think I should do the 😁

[calm arrow]

That's true

[rain thorn]

Yeah I'm in vc right now bring him to me

[quick spindle]

https://tenor.com/view/evil-laugh-gif-8127398

[humble wave]

I'll have to find him 😁

[rain thorn]

Tell him that the Illuvinati summons him.

[twilit junco]

"Exchange Fees and Wagering Fees are generated from every sale on our IlluviDEX at an initial rate of 5% of the total transaction value. In addition to this, the Immutable X platform (IMX) takes a small capped fee of all transactions on their network in exchange for waiving GAS fees."

With the "In addition", do I read it correctly that 5% of every sale go into the vault and on top of that ImmutableX takes a cut for GAS? Or is the ImmutableX fee included within the 5%, basically lowering what ends up in the vault instead of lowering what the seller gets?

[lofty knoll]

46$..

I need fiat

https://tenor.com/view/transformers-prime-optimus-prime-my-quest-must-be-completed-must-complete-my-quest-transformers-gif-17741345

[lofty knoll]

IMX cut is on top of vault cut

Not included

Still less than gas

[twilit junco]

Ok, then I got it right. Need to fully understand every aspect to decide on whether or not to go $ILV staking or $ILV/$ETH

[rain thorn]

So if the encounter bubble is holo, inside of the bubble there will be holo illuvials? There is 1 illuvial in a bubble or a few? If a few, you can capture more than 1 holo on each encounter then?

[lofty knoll]

Staking is on L1 tho

[lofty knoll]

Read what he said

Everything in the bubble is holo

You capture everything if you are able to

[twilit junco]

Yes, that I already understood. The reason I was looking into vault revenue etc. is because staking $ILV only, keeps my $ILV safe in regards to amount while $ILV/$ETH could result in a ratio heavily in favor of $ETH which basically lowers my $ILV and thus what I get as my share of the revenue. All speculative and circumstancial, I know, but even if it cannot be predicted fully, I'd like to at least understand it properly 🙂

[lofty knoll]

You didnt understand correctly

Even if you lose ILV to impermanent loss, you get revenue distribution on your SLP token, and it knows how much ILV it represents.

[rain thorn]

Yeah just making sure I got it right.

[plain delta]

Yep. Your chances of capturing more than one illuvial goes down, but anything in that bubble is holo.

[past flume]

Me want stake

When stake

[quick spindle]

End of month 🙂

[past flume]

Really??

[rain thorn]

Dam.. then basically holo bubble is something to live and die for 😂

[past flume]

[quick spindle]

https://tenor.com/view/thats-the-plan-yep-plan-thats-it-i-zombie-gif-5368448

[past flume]

[twilit junco]

So if I stake 100 $ILV in the $ILV/$ETH pool, regardless of the ratio due to impermanent loss, I get revenue according to the $ILV that I staked? Or is there something else I'm still missing?

[lofty knoll]

NVM that

I was wrong

Just asked good source

If you lose 80% of ILV to IL, you get 80% less revdis

[red geyser]

Lol 😂 rah just wants you out of our ILV only pool

[twilit junco]

So after all the way I understood it, ok. Too bad, as it is another thing to consider against the ILV/ETH pool, but at least the clarification helps Thanks! 🙂

[red geyser]

But not really… he still gets the facts out.

[red geyser]

This is the sign of a good council member.

[twilit junco]

$ILV at 46.38 now, hmm. Got some last funds left for maybe 20 of them. Might have to sell them later when a sale comes around but it's quite cheap. If only I'd know if it goes lower from here 😄

[lofty knoll]

Yes even I didnt know about that

Hurts a bit

Dont want to lose too much revdis

[rain thorn]

Actually it's 44.8 according to Dextools. Perfect entry.

[twilit junco]

Yeah, I'll just take the 20 and be happy. I doubt its suddenly going to drop to 30 or so. So anything around ~$45 is awesome

[rain thorn]

Anything around -$100 is awesome. Think what the current price means lol.

[idle terrace]

If you think ILV is going to greatly outpace ETH then you’re better off just staking your ILV.

[twilit junco]

I'm way too inexperienced to make substantial claims about that myself. I'm just trying to understand everything properly in order to decide whether or not to go for the apparently more risky but obviously potentially better ILV/ETH pool. Meaning, do I dare to take that risk or not 🙂

[idle terrace]

Well that’s the game lol.

I’m personally bought going to stake half and put the other half with the ETH I have.

[rain thorn]

No risk no gains 😁

[idle terrace]

And I probably won’t lock my LP as long as I lock the staked ILV

But yeah for people that are uber bullish on ILV, staking fits their mindset moreso than joining the lp

I’m also bullish on both ILV and ETH so hopefully they both go up

[twilit junco]

That is currently my thinking, yeah. After all, I went all-in with a five-figure amount that I initially loaned to start a business, not to go into crypto and blockchain gaming 😄 But I said to myself from the beginning: "I got no clue about all this, except that blockchain games and NFTs will be the future. So I see all of the money as lost, go all-in, and if I get something out of it, amazing, if not, obviously that's sad, but I'll still be fine financially."

Still like to understand what I go all-in on, before doing it. So for the pool decision, I need to do my research 😄

[rain thorn]

It will pay off eventually.

You will also tell your friends how you bought a house after selling a Pistol Shrimp.

[idle terrace]

I mean u just said u went all-in with little knowledge lol

[twilit junco]

If I'll be able to tell exactly that, I'll get a small tattoo that says "Eden was right!" 😄

[idle terrace]

The LP will be significantly riskier than than staking

[rain thorn]

Took a screenshot. Don't fail me.

[twilit junco]

Yes AND No. I do understand gaming and I knew from the beginning when coming across it, that this is the future. So there I'm not worried at all (obviously you can bet on the wrong game, but I'm confident in both genre AND quality of ILV here). Staking VS LP and all that, that's a whole other story to wrap my head around. I'm quickly catching on and feel more and more comfortable (knowing whatever you decide, that's a risk) but a bit more info is needed here 🙂

[rain thorn]

significantly profitable than staking too.

[twilit junco]

I just finished two full days of getting Donald Duck and Super Mario tattooed on my arm, so if I can buy a house by selling a Pistol Shrimp, I promise you I'll get that tattoo 😄

[rain thorn]

If it's holo it's possible 😁

[twilit junco]

I'm all in for getting holos. Just keep them coming 😄

[idle terrace]

I’m not a crypto expert by a long shot. I’m similar to you where I see a game I think people will like and i also like the idea of a player owned assets in-game. I see the most potential in this project so far

[twilit junco]

I agree. I did invest into two more games (Guild of Guardians and Synergy of Serra) but ILV is by far my favorite and I'm going back and forth with myself in regards to "You did the right thing to diversify a bit" and "I wish I had all that money to buy more $ILV" 😄 I'm like 75% into ILV with the investment I was able to make at the moment.

[humble wave]

Even if you end up having more ETH, it's not a bad thing. It's ETH we're talking about and not a Shicoin

[twilit junco]

Of course, I do have that in mind. But ending up with more ETH could also mean that you would have gained more profits in the same period through only staking $ILV and getting more revenue share for example. Obviously no one can predict the outcome but it is something to consider when looking at impermanent loss and all the other risks related to LP, I guess.

[idle terrace]

Do we also get sushiswap tokens as well or is all the yield given in ILV?

Wen yf write up

[humble wave]

Well, we'll have to see which pool gets filled first. These are just speculations, but I guess many will go for ETH/ILV. I think.

[twilit junco]

As far as I understood, all yield rewards are $ILV but these are held by the vault for 12 months, so they cannot be withdrawn. If you want to do so, you get sILV instead which have the same value as ILV but can only be used as in-game currency. So you have to decide if you want to use your rewards earlier than 12 months and then do so ingame.

[idle terrace]

You can join the ETH/ILV pool on sushiswap right now. I’m just not sure if that’s the same pool we will be joining but it was also yield ILV or if we’ll be in a new pool entirely.

[twilit junco]

You're saying that because volume and quantity of participants lower the APY which possibly could make the only $ILV pool more attractive, do I get this right?

[humble wave]

I guess you have to lock the Sushi token in ILV website to be eligible. And since it's not live yet, then no rewards it seems

[idle terrace]

Yeah you get a percentage. So if your percentage of the pool is low you won’t get as much.

As more money is added to the pool, the rewards are diluted

[humble wave]

I'm simply stating we have to wait for the terms and conditions to go live and see which one is more appealing and gets filled.

[idle terrace]

If everyone leaves the ILV/xyz pool I’ll just stay in there lol

[humble wave]

My money is on ETH/ILV though. I guess most will go for that onw

[humble wave]

So far I'm just enjoying that 😁

[idle terrace]

I think most people will just stake single asset ILV

[marble oyster]

that was my move 😄

get 500k xyz each weak

[twilit junco]

We're just all staying in there 😄

[humble wave]

Show off 😎

[idle terrace]

It’s held up well so far tbh lol. I haven’t claimed any of the xyz yet haha

[rain thorn]

I hope so, more rewards for me.

[twilit junco]

You didn't claim them and then stake into the DAO pool?

[idle terrace]

No only because I didn’t put that much ILV into the pool. Not sure if it’s worth the gas

[twilit junco]

Ah ok, that makes sense.

[idle terrace]

I put about 150 ILV so I get like 350 xyz a week.

[twilit junco]

That's a lot already I'd say. With low gas fees I think it could be worth it, but there are others here way more experienced to say something about that 🙂

[idle terrace]

Yeah I think when I get about 1000 and if gas goes under 10 again I might do it

[humble wave]

Imagine if XYZ goes to $1

[idle terrace]

It was a dollar for about 30 seconds

[rain thorn]

The market is bleeding again 🙄

[humble wave]

If it goes to one I'm happy to turn my rewards into ILV every week and I promise I won't whine about not having enough fiat to buy the dip anymore

[twilit junco]

Are you hodl your XYZ or selling them off? I'm still unsure about that. Currently just farming them through both pools and then gonna decide when ILV staking arrives I guess. Could see myself holding them though and hope for something at least higher than $0.30

[idle terrace]

Holding for now, not sure long term.

It’s been outperforming ETH the last week, so I’m good with it

[humble wave]

So far I'm HODLing. Gonna sell this time for a cold wallet. But look at it this way: every Monday XYZ has a dump since everyone collect the rewards an sell them. So, if you like XYZ you can sell before that and buy after the dump and repeat

Like buy at 0.17 and sell at 0.30 every week.

If you can afford the gas ofc

[twilit junco]

Yeah, I've been considering to do that. But it would tie up funds and I'm already scrapping for whatever I can find to buy more $ILV 😄 To get actual value out of it, I think you have to move a certain amount of volume and I'm not getting into that right now 🙂

[idle terrace]

It also has to do with the coins being generated. So the supply is being diluted. As time goes on that dilution will be less.

[humble wave]

Yeah of course. My scenario was just a short time one

[humble wave]

Everything goes into ILV of course. Whatever rewards I receive, I'll find a way to turn it to ILV. in the end it's ILV that matters. But as for ILV pool, Id wait to see which is more attractive. If neither was, I'll keep mine in XYZ, but I doubt it.

[idle terrace]

The ILV pool should be pretty beefy since locked tokens can’t participate for another 10 months or so

And even then it’ll take another year for those to become 100% unlocked

[twilit junco]

This means that the initial investors that bought at $1 or so, cannot stake those tokens in any pool before the lockup period is over, is that correct?

[idle terrace]

Yeah not until like next April and then they’ll unlock daily over the course of the following year. So like .3% per day

The inflation rate for ILV will pretty damn high at point with yield farming and unlocking happening simultaneously. But hopefully we’ll be generating a lot of ILV and rllly hopefully the price maintains

But as you can see on the curve, the gettin is rly good early and that’ll be while those tokens are still locked

Also yielded tokens are locked for a year. It’s all very well thought out

Gives time for the game to grow

[twilit junco]

The tokenomics article says: "All tokens except those bought in the BLBP and In-Game Yield are subject to a 12 month lockup period and then are linearly unlocked over an additional 12 months." So basically, Pre-seed, seed, team AND treasury tokens are subject to the lockup and thus prevented from staking until then, if I understand it properly. That means only the 1.000.000 tokens from the launchpad and whatever is generated through ingame-yield and then staked will be able to participate for several months. That does sound like something that should give us some nice beefy pools, yeah.

[idle terrace]

Yeah the only dilution will be from people taking sILV rewards. But those tokens are also burnt and won’t count towards the max supply when it’s all said and done. So the 10,000,00 max supply could more like 8-9million at the end.

[twilit junco]

Ok, that's interesting to know.

[idle terrace]

Aaron also said a long time ago that you won’t have to claim every week but there might be some sort of in-game requirement in order to let your tokens go unclaimed each week. I guess to encourage investors to participate in the game itself. But I’m not sure if that’s still the plan or not

Being forced to claim every week could suck for smaller investors otherwise. And I think generally the idea is we don’t want whales taking up all the yield that aren’t even interested in the game. I’m interested to see how it shakes out

[twilit junco]

Still going to be interesting to see how ILV staking will be more than XYZ right now. Being completely new to this, I'm already puzzled by the return. I mean, just by taking into account a selling price of $0.25 for XYZ (which at least for the last two weeks you could easily increase at times), I'm roughly getting $1.000 a month. Given an invest of ~$18.000 in staked $ILV right now, that makes >5% A MONTH! Might be nothing in the crypto world, I don't know. To me as someone new to this, it sounds insane already.

[idle terrace]

If I’m remembering it all right lol. Need to screenshot this stuff. Aaron usually comes in and slaps/corrects me when I get something wrong tho.

[twilit junco]

No, you are right. From the tokenomics article:

"High GAS costs represent a barrier for entry, especially for smaller stakers. Since the game has the potential to attract stakers of all sizes we do not force staked token holders to claim their rewards periodically.

Instead, rewards have the option to be rolled over each distribution cycle, so that stakers can claim when it is appropriate for them, to avoid a high percentage of GAS fees. However, to encourage participation and activity in the game itself, the ability to roll over is tied to in-game activity. Effectively, to avoid having to make weekly claims, the linked account must be active for a minimum time period."

[idle terrace]

Yeah it always sounds great on paper. If ILV or xyz tank tho, it’s all for nothing.

[twilit junco]

True 🙂

[idle terrace]

Oh wow it’s in the article lol. I’ve read that article about 30 times but not in the last month or 2 haha

[twilit junco]

Hehe

[idle terrace]

So I’m assuming until the game is out you will just be able to roll it over every week until an in-game requirement is implemented

[twilit junco]

That'd be my guess, yeah. Since the $ILV rewards are locked anyway, there shouldn't be a reason to pay GAS to claim them and an in-game requirement cannot be active yet, but it's probably gonna be more clear when we get additional information soon.

[humble wave]

We are all desperate for additional info. We get closer to the end of the month and tension grows higher.

[twilit junco]

With the XYZ staking I'm actually fine to be honest. Obviously I cannot wait for new info and possibly even better ILV staking pools, but since my investment isn't just sitting there and waiting, I'm don't have any tension myself. I'm confident the team is going to present everything as soon as they can and I certainly prefer to wait for proper audits than huge issues later on 🙂

[rain thorn]

You'll get it all very soon.

[twilit junco]

Btw, who is auditing the protocol for ILV, do we know that?

[marble oyster]

Quantstamp does the audit

[sullen dock]

Where can I find an article explaining how to stake my ILV please ?

[twilit junco]

Then I remembered correctly. Not that happy though to find Quantstamp three times on the leaderboard of rekt.news then. 0 times would have given me more assurance 🙂

[marble oyster]

#💬〕general message

[rain thorn]

!yf

[quick marsh]

You can yield farm ILV in 2 main pools.

ILV/ETH at a 1:1 ratio USD values matched or ILV Only. 3 Million tokens will be distributed through yield farming over a 3 year period, with the first year being 1.8million tokens. Only unlocked tokens can yield farm which is less than 1 million tokens. Meaning, you get the maximum rewards possible. You can lock up your tokens for a maximum of 1 year which can increase your weight in the pool up to 2x. More details will be published before Yield Farming goes live near the end of May. Until then, here is more information: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be If you don't know what Yield Farming is you can start researching here: https://www.youtube.com/watch?v=ClnnLI1SClA

[marble oyster]

Yeah, but the more audits you do, the more changes you have to miss something

[twilit junco]

Yeah, and obviously it's a fairly new world, plus humans make mistakes. Not going to keep me from staking/hodl either, but I felt a short-term "hmpf" when finding them three times on the list.

[twilit junco]

That's what I learned from what little I looked into it so far as well, yeah.

[humble wave]

I hate hacks. Even if could hack, i’d become a white hat one.

[marble oyster]

I started learning hacking when applying for a job at cyber security, but didn't complete all the tests

[humble wave]

It's cool if used with good intentions.

[marble oyster]

Yeah, imagine hacking the sky ecc phones

[humble wave]

I can't even imagine 😁

[marble oyster]

belgium police claim they did

[rain thorn]

I must say that I'm looking at pistol shrimp stage 3 on daily basis and I'm so hyped by it lol.

[formal oar]

man, those bot commands are so damn nice.

awe and mee6 rewarded me with a level up too!

good bot.

[marble oyster]

looks very coo, but i prefer stage 2, the legs of stage 3 are to high, (just my opinion)

[rain thorn]

It makes it more majestic tho

[marble oyster]

lol, be nice to it, it might start a revolution soon

[red geyser]

https://tenor.com/view/robot-attack-saturday-night-live-its-an-evil-robot-evil-robot-hostile-robot-gif-18069718

[lofty knoll]

ILV

I feel so bad when I dont snipe the bottom

Friday night chill club tonight + pummel party?

[marble oyster]

no you need to work matt

[fierce vine]

I know I just bought some last night lol. I should be down

[fierce vine]

You’re not my mother!

[marble oyster]

😄

Are you sure?

[fierce vine]

Good point, I’m not.

[red grove]

Just know that your overall entry is better than like 95% of people 😛

[marble oyster]

how's the c++ going?

got the hang of it?

[fierce vine]

Yeah it’s going well. Going through it a lot faster than before

Once I’m done with my coffee and bring the little lady to school I hope to knock out a couple tasks

[calm arrow]

What did you use before Matt? I've got about 7 years with c# but not sure how hard the transition would be

[fierce vine]

Actually same lol c# and it’s not bad. I made a couple programs with c++ before the switch and you get the hang of it quick

[calm arrow]

Were you a unity dev before?

I've been working on a game in my spare time for about 5 years now. Really shouod have done unreal but hard to change now!

[fierce vine]

I did a bit of messing around in unity before but never completed a game lol there’s a couple of our devs that were in unity before. I like how unreal is set up and it’s super easy to integrate files with it

[calm arrow]

Man, I gotta finish my game and make the move! How did you get into the industry without a finished game if you dont mind me asking?

I've been coding specificay to work on games but seems you need to ship titles

[fierce vine]

I got super lucky and contributed to the community quite a bit lol

I was a mod prior to this and I applied and did the test and got a jr dev position

[fierce vine]

But yeah this is a big part of it. If Illuvium wasn’t willing to give me a shot I was working on my own game and was going to finish it. Then I could use that in my portfolio when applying

[humble wave]

Just reminded me. I'm gonna go sit in a corner and cry. 😢

[calm arrow]

That's pretty inspiring, thanks Matt. Good to know that even an unfinished game could be a good portfolio piece. I might need to see if there are any unity blockchain games recruiting

[fierce vine]

That's what I'd do. When applying put it in there but they'll really want to see something finished to see that you can integrate everything together.

It's a lot of fun either way I love it

[calm arrow]

I think all mine is integrated, just needs better ai and way more abilities than it has, but it's a working playable state atm. It might be good enough!

[fierce vine]

Nice good luck!

[calm arrow]

Thanks!

I really appreciate your time, it's good seeing what's possible

[fierce vine]

yeah you learn a lot when yo get on a project and this team is great. they've answered all my terrible questions and helped me become more proficient lol. That's a big part of it

[twilit junco]

As someone who worked in the gaming industry and hired several people, including some developers, I can only advise you to always go for it, if you're interested. The worst you can get is a no/no answer, but you never know who makes the decision and what they are looking for. Before leaving the industry I had eighty people I was responsible for and I always preferred to choose someone who fits the particular team and can grow into what's needed rather than someone who is able to perform out of the box but isn't a good fit for the company culture.

[calm arrow]

Amazing advice thank you. I guess it just comes from imposter syndrome and not knowing what standard I actually need to be at. Luckily I live 5 mins from the UK games industry hub (Guildford) so there's a lot of opportunity here. You're right, just need to get asking!

[twilit junco]

You will always have people ignoring your application as soon as they see something they don't like, which for many might be the fact that your portfolio is lacking or whatnot. But remember, all you need is ONE! person to give you a chance and while rejections obviously are sad, they don't really hurt you in any way. No application = no job. 1.000 rejections = no job. It's the same outcome, the rest is in your head only. So keep working on your stuff, grow your skills, and if there is something you're interested in and doesn't require skills completely our of your current reach (obviously, going for a lead developer job with ten years of experience required and ... might be a stretch 🙂 ) then go for it. You might find that one person exactly there 🙂

[idle terrace]

Mmm getting close to another buy level for me....

[twilit talon]

Is there a listing of the bot commands, if so where can I get them?

[marble oyster]

!commands

[marble oyster]

only the admins can use the commands

[formal oar]

well fine, listen to @marble oyster lol

[marble oyster]

haha, sorry Xylia

I delete my comment if you want

[formal oar]

we are just all so damn helpful around here

lol nah.

makes me SICK

[twilit talon]

🥺 oh well, thank you

[marble oyster]

!help

[formal oar]

don't upset the bots.

[marble oyster]

/help commands 👀

[formal oar]

!yf

[quick marsh]

Xylia, you can't use that.

[formal oar]

dang.

[twilit talon]

😆

[formal oar]

https://tenor.com/view/denied-barney-legendary-stinson-st-legend-challenge-accepted-gif-17940726

[marble oyster]

don't try that to often or you might get a warning from the bot

[twilit talon]

🤭

[formal oar]

just start pinging the admins asking them to do it for you, will really make them happy. :p

jokes of course.

[marble oyster]

hahaha,

[lofty knoll]

https://tenor.com/view/leonardo-dicaprio-absolutely-fucking-not-gif-4496112

[formal oar]

AH

gd sneaking sonofab

[marble oyster]

some helpers will be good when the yt'rs start flowing in

but for now, we will ping all admins (those who are sleeping of course)

[rain thorn]

You may ping me as many times as you want 👀

[lofty knoll]

Mods are here for that

[marble oyster]

and we don't want to be a 'here is your standard answer for the x time' when questions are asked,. so we can make ourself popular

[lofty knoll]

If we need more we will get more

[marble oyster]

nah, you are good on mods

always someone of the mods online atm so that's great

[humble wave]

I'm finally home. What a exhausting Friday. Full of dump and FUD mixed with hard work and no fiat. Can it get worse? 😐

[formal oar]

oh it could get worse.

but let's hope it doesn't 🙂

[humble wave]

Yeah I know. But I don't wanna know, you know? 😁

[formal oar]

oh i know, ya know.

[real tiger]

The ppl that sell here are the weekest hands in the market 😂

[fierce vine]

We will see their regret once everything starts rolling out and the price hits what it should be lol

[real tiger]

Eoy 500+

[near pier]

https://tenor.com/view/dance-kid-club-gif-9152583

[humble wave]

Looks like a leak 😁

[real tiger]

Crypto is weird when the alts are cheap they are afraid to buy

They rather buy tops it seems 😂

[humble wave]

Yeah. So far whenever I buy it drops. Kinda wonder if that's the case 😁

[fierce vine]

Shit let’s hope so. $500 is enough for me to pay off the remainder of my mortgage and still hold a bunch.

[real tiger]

500 is only 330m cap

[humble wave]

Not if it's locked 😁

[real tiger]

Axie top was 600m cap

[humble wave]

I'd settle for +1B...

The first question we need to find an answer to is “which pool to stake in?”

[twilit junco]

Just make it a round $1.000 $ILV value and we're all fine 😄

[humble wave]

That's another question you need to answer: “should I sell everything, take profit or just keep on locking?”

[fierce vine]

Lol I might lock only like 90% for a year and the rest shorter. Have to decide how I can set myself up best.

[humble wave]

Seems we all need a new white paper to decide what to do. 😁 and which pool to actually stake in. Wish we could take a vote.

[idle terrace]

Reading $500 and $1000 and staring at $44 like 😐

[fierce vine]

Take a vote on what? I just need to sort out my finances and what I think the coin will do.

[fierce vine]

I’m thinking/hoping 2-300 by eoy myself depending on market and how well launch goes

[twilit junco]

No idea to be honest. I'd probably cash out something if the ridiculous value of $1.000 actually would get achieved. I doubt though it would be 100% of it.

[humble wave]

Vote to see which pools are likely to be filled.

[idle terrace]

I think somewhere between $2 and $300 is about right. Lol

[rain thorn]

I envy anyone with fiat right now.

[humble wave]

I feel ya. It’s kinda hard to part from Ll those gains 😁

[humble wave]

Your downside is a killer 😁

[fierce vine]

Ohh lol like a poll. Yeah but I’d bet people wouldn’t be honest on that

[fierce vine]

Yeah lol. Bull market still - easy $300 if launch is smooth. Heavy bear - no idea.

[humble wave]

Yeah. You're probably right. So far XYZ has done me good. Can wait to get some from our own pool.

[fierce vine]

Xyz has been great to park in. It’s basically a min wage job right now lol

Also in the xyz DAO to get more gains on it

[humble wave]

Ikr. We'll we have to see what ILV pools off, otherwise I'm quite happy with my ILV for now

I look at LQTY and feel sorry for people. It seems like great project but it dropped from 60 to 6. And they have a running project and all coins are locked and they started with ILV. We are doing much much better without a running products. We just have some arts, and a side project like XYZ that's it.

[fierce vine]

They don’t have our diamond hands:D

[humble wave]

https://tenor.com/view/diamond-hands-diamondhands-gif-21620660

[sage falcon]

we just need yield farming

[fierce vine]

Is that gif made from Arthur lol.

[deep trail]

Hello guys 👋

[sage falcon]

sup

[fierce vine]

Yo

[humble wave]

Yeah probably 😁

[fierce vine]

Yea by yf I’ll have the bags I want so I’ll be cool for the pump to start.

[humble wave]

Hey weakBot. 😁 why weak then?

[fierce vine]

May not be on launch, tbh I’m thinking the price will remain about the same until yield is proven.

[sage falcon]

isn't it supposed to be by the end of this month?

[deep trail]

The game looks insane. Guess I will be following its development 😄

[fierce vine]

That’s the plan

[humble wave]

I'd say it'll probably move up a bit, but nothing that can be called a major pump. Plenty of time to buy more even after YF

[humble wave]

You are welcome to do so 🙂

[humble wave]

YF is supposed to be at the end of the month yes

[deep trail]

Are there any active contests or any benefits for invites.

I want to be early and join on some alpha NFTs and other promos 😄

[red grove]

If marketing timing works out well with the crypto youtubers before yield farming and we're not in so much FUD in a week or two, I think we won't be this low for sure.

[humble wave]

That's a looooot of IFs you got there 😁

[red grove]

https://tenor.com/view/hercules-pain-panic-if-if-is-good-gif-5298310

[fierce vine]

Oh for sure. I didn’t mean a real pump. More of a new floor

[humble wave]

I like to move up in floors. I like a penthouse even more 😁

[red grove]

wow this brings me back, I don't even know where this is from but it brings nostalgia

[humble wave]

That's from Hercules 🙂 wasn't it from 1992? Or later?

[red grove]

Sounds right yeah!!! haha I forget

[humble wave]

Guess I was 2 or 3 back then 🤔

[red grove]

I wasn't born haha XD

[humble wave]

I'm getting old now. Please don't dump or my heart will stop. I have diamond hands but not a diamond heart 😁 I need it to pump

[lofty knoll]

@inner topaz What happened to 100%? They count the treasury as 10%?

[rain thorn]

Don’t worry it’s the whole market

[humble wave]

Hmmm. Maybe they are mistaken?

[near pier]

https://tenor.com/view/kid-child-my-child-dancing-gif-11395639

[humble wave]

I know. Just kidding. ILV to the end. Even if it's $2. By then I'll have nothing to lose

[lofty knoll]

Plz BTC complete your retest already

They should have said ILV holders or investors. Not all token holders are players and not all players will be token holders

[humble wave]

Feels like you wanna slap them 😁

[lofty knoll]

Little details are important

[idle terrace]

What’s this from?

[lofty knoll]

Check twitter

New article

[hollow drum]

Do we need to do anything/confirm/propose?

[lofty knoll]

Waiting on Kieran's awnser

[calm arrow]

The article doesn't just mention the 90% once, it keeps going on about them only keeping 10%... was pretty sure it was meant to be it all semt to ILV holders

Is it an official article? Says it's a guest author. Could not be official from the team?

[red geyser]

Are they trying to account for IMX cut and something for unreal? Sounds unfamiliar

[lofty knoll]

Yea might be a lot of explanations

What I cant explain is ILV price

[humble wave]

ILV price or us not having fiat to buy it 😁

[lofty knoll]

This

Need to find some

[humble wave]

How do you find some? Let me know maybe it'll help me too 😂

[lofty knoll]

Gonna ask my buddy JPow to print me 1M

Not gonna be noticeable

[humble wave]

Seems like a good printer 😁

[full dome]

tempted to dox myself there for a minute

but i uh, i know some people who print money

iirc some guy tried to steal cash from one of the bureau of engraving facilities by hiding it behind a tile in a bathroom

spoiler, it didn't work out so well

[hollow drum]

Even 1 Bn isnt noticible

Money supply is NUTS

[quick spindle]

Hmmm- this is where my mind went too. I think possibly just someone writing about Illuvium? Like Rah was saying... they keep saying rev is going back to the PLAYERS instead of investors or token holders. So perhaps they have their figures wrong in their mind as well. Lookin forward to what Kieran has to say about it

[idle terrace]

Gotcha thx

[idle terrace]

Yeah but it was posted on Illuvium Twitter so yeh

[karmic lichen]

what happened to 100%?

[lofty fox]

Dont 10% go towards competitions and in game rewards or prize pools or something maybe?.

[karmic lichen]

when i joined and before i bought ILV, it was 100%

what happened?

[full dome]

i think that's 10% of the supply yes

[karmic lichen]

so it is still 100% but since the treasury has 10% that is why?

[lofty fox]

There is currently one giveaway promotion partnership thing happening.. with clix the gamer.. of you follow along here(this doscord) and also Twitter... you will be eligible to enter.

[karmic lichen]

@lofty fox we need to follow also on twitter?

[lofty fox]

I believe so yes.

[karmic lichen]

Illuvium or the clix guy?

[lofty fox]

Follow illuvium on Twitter.

[karmic lichen]

ty

how do they know though, is there a way to link discord and twitter accounts?

[lofty fox]

I'm not an insider.. I have no idea how they will be doing things.. I just read alot.. and convey the knowledge.

[karmic lichen]

@lofty fox if you wouldnt mind, can you point me towards where it says we need to follow on Twitter to be eligible, ive read the announcements and didnt see anything mentioning Twitter.

[humble wave]

You can connect your Tweeter to Discord yes

[lofty fox]

The clix YouTube announcement.

[humble wave]

Guess we all have them on both Tweeter and Discord. But I think you need to connect both accounts otherwise how can they know you? My tweeter has a different ID than my Discord. So i connected both.

[karmic lichen]

Idk

i re-read the announcements again and

there still is no mention of Twitter to be eligible

maybe it is in another announcement , idk

[lofty fox]

It was in the clix you tube announcement.. I posted a screen shot of it just above... he says follow discord and Twitter.

[karmic lichen]

Ahh i see now, ty @lofty fox

[lofty fox]

Again.. i have absolutely no idea how the draw will work or whatnot... just telling people the info I have read and gone thru.... (dont want anyone to miss out coz of a technicality).

It's all good, all the time.

[vagrant valve]

Thanks for the help. Didnt know about linking both accounts.

[humble wave]

I guess linking is only logical.

[karmic lichen]

wow linking is actually very difficult lol

still googling a reliable source

[humble wave]

No it’s not. You just go to discord settings, the connections then link Tweeter thats it

[karmic lichen]

yeah i literally just found it as i typed that lol

i first went to google, searched "connect twitter to discord"

and those results are a doozy

[humble wave]

Just a couple of clicks 😁

[karmic lichen]

decided to just see if i can figure it out on my own

@humble wave thanks though, wish you came like 5 mins earlier lol

learned something today

[humble wave]

You take DYOR to seriously bro 😁

[karmic lichen]

first time i connected an app to discord

@humble wave yep

[humble wave]

Anytime. After doing that you can also see it in Tweeter that it's connected

[karmic lichen]

after investing into DBC back in 2018 i learned my lesson of not doing it haha

[humble wave]

Any learning is good and it's literally my job to teach 😁 though I don't do crypto cuz prople here know waaaaay more than I do 😁

[karmic lichen]

Yep, i agree. Im a life long student

[humble wave]

As are we. Learning to buy the dip, but then we realize we need fiat to do that 😁

[lofty fox]

There is always more learning to be done.

[humble wave]

And more crying. We are literally knocking at $42 and I have no fiat to buy 😫

[lofty fox]

was about to say 42 is lookin juicy.

[humble wave]

It does, doesn't it? Market was just waiting for us to get the XYZ rewards just to dump a day before it. It sucks

[karmic lichen]

dont worry guys, i bought during balancer at 79

ive been crying since day 1 🤣 /s

[humble wave]

60-80 was the price most got in. Some people even got in at 90-100.

Luckiest are the ones who are just entering now 😁

[karmic lichen]

yep true

but we did get free nft's

so there is that

and maybe hidden prizes

🤷

[lofty fox]

I'm in ILV for the long haul.

[karmic lichen]

same, i usually enter with at least 1-2 year mindset

unless im trading with my short term stack

then its 5-7% margins

[lofty fox]

Always nabbing more... even if it's only one or two at a time.. hahaha any spare funds.. bloop into ILV.

[humble wave]

I know I'm kidding. The ones waiting to stake for years to come really don't care what happens now and are happy for it to stay here for a while any ways

If 1 ILV ever gets to $1k, then you are buying $1k now with only $42. Isn't it worth it?

[lofty fox]

Indeed.

[vagrant valve]

https://tenor.com/view/snoop-dogg-fo-sho-agree-gif-14321787

[humble wave]

That's why @lofty knoll has gone all in and has dried up his bank account 😁

[red grove]

I'm curious what ROI we'll be getting with the revenue distributions

I was thinking with all the different passive income streams in crypto, it'll have to outperform those I think to keep holders/investors that are just looking for ROI

If anyone wants to do some math calculations here would be nicely appreciated 🙂

[humble wave]

We definitely thirst for new info 😁

[lofty knoll]

Cant be calculated just yet

We dont know playerbase and costs

[red grove]

yeah

wait let me go back to your conservative estimates

[lofty knoll]

Yeah hahaha

[red grove]

gosh you talk so much xd

Thats nothing. You want opium? 100 000 players, 10$ per run, 10 runs a week (pretty conservative numbers) this is 10M of revenue distribution and buying pressure by the vault each week, only for the travel fee... :MoneyRain: do what you want with that info

Oh hmm this doesn't take into account the price of ILV

does the price of ILV even matter in rev distr? Let me think

I'm not sure, my initial thoughts are that it doesn't matter? It just matters how much % of the pie you have right?

[lofty fox]

The vault or treasury buy ILV to redistribute.. so depending on price.. depends how much it will be able to purchase.

I think.

[lofty knoll]

Exactly. The vault pumps the price by itself

So you get a double effect

Price increase + more ILV

Vault takes whatever eth it got during the week and market buy ILV at whatever the price is then distribute conresponding to your share yea

[next surge]

“If ILV ever gets to 1k”

Thats FUD

its not if but when

[hollow drum]

Facts

Thats what I like to hear

We need strong community in these times

Put your faith in the team

[lofty knoll]

[idle terrace]

When to try to catch the falling knife 🤔

[tardy oriole]

So how much ILV you need to get rewards later

[idle terrace]

Any amount but there’s transaction fees due to ethereum gas.

[hollow drum]

When ETH and BTC tests support

[idle terrace]

What support do u have in mind?

[humble wave]

Any time now. If it holds we might go to 40s again, if not, then...I would just feel sorry for BTC and weak hands

[humble wave]

33k can be a good support if we go further down.

[lofty knoll]

we will know in 15 mins

[sage falcon]

why 15 minutes

[lofty knoll]

looks good for now

daily close

[sage falcon]

oh

[lofty knoll]

of the retest

[humble wave]

I'm dead sleep by then. 😁 I'll see in the morning after breakfast. Good night all 🙂

[lofty knoll]

gn!

[lofty fox]

Night.

[frosty scaffold]

is there a minimum amount of ILV needed for staking?

...er, i guess that could've gone two channels down

[hollow drum]

No clue

[lofty knoll]

No

[vague raven]

@lofty knoll so im trying to catch up did i read something on packs to buy? on launch

[lofty knoll]

No

Ami is referring to the adventures as "packs"

[vague raven]

oh ok

i was about to say some shti lol

[lofty fox]

Travelling to a new section in the game.. in reference to opening a pack of cards.

Kinda dealieo.

[vague raven]

hey @lofty knoll have u checked the telegram? wondering how long i can keep this going for

[fierce vine]

What’s going on in tg

[lofty knoll]

don't troll him

he's gonna murder you

[vague raven]

hes lucky i have a raid right meow or i would

lol

@near pier

[minor fiber]

Hey @marsh river if you could accept my friendship to discuss via DM

[near pier]

I was like wtf

I fowarded your messages to my buddy

I was like how is this even possible

Did you read the previous guy… that’s why I was like he’s gotta be trolling but I’ll try to stay calm

[torpid ibex]

Is there anything we can buy or have early access to right now?

[lofty knoll]

The ILV token and some NFTs that are promotional

Some you can buy to burn in game to use.

But nothing giving an edge against others no cause everyone starts equal

[torpid ibex]

Game isn't available though correct?

[lofty knoll]

No, launching during Q4

!opensea

[quick marsh]

Collectible Illuvium NFT's are already available on Opensea https://opensea.io/assets/illuvium All are limited edition. The emotes and m0z4rt skin NFT's are redeemable in game. Upon use, these NFT's will be burnt when applied in game. This is only true for these emote's and skins as they were bonuses for the initial ILV token sale.

There is also a partner set of very limited collectible NFT's such as the Spartan Squizz for partnering with Synthetix (SNX) https://opensea.io/assets/0xd07dc4262bcdbf85190c01c996b4c06a461d2430/134273 Those collectibles are not for in game use, this is so everyone has a fair and balanced start when the game is released.

[past flume]

https://youtu.be/u3xv85TJnog possible partnership roles for this guy?

[karmic lichen]

need more fiat, price too delicious

[real tiger]

Who are the ppl selling at these prices lol 😂

[tired terrace]

Imagine selling below 200$ for a token

[karmic lichen]

ikr

[lofty knoll]

[karmic lichen]

did anyone even get in lower than these prices? Pretty sure not, makes no sense lol

maybe the fud got to them

[lofty knoll]

It's about the best price during IDO

and just above all time low by 1 $

[karmic lichen]

damn

just paper hands, nothing to see

they got them NGMI hands

[lofty knoll]

in eth pair idk tho

[wind forge]

I mean all market is going down and there is allot of FUD

Some might sell because they think they will be able to but more cheaper

[sinful kestrel]

Say what now

[deep trail]

I will check twitter thanks. Is it anywhere in the announcement channel?

[lofty fox]

From memory it's the 5 post up in announcements thread thingy.. maybe.

[humble wave]

Good morning guys. How's everyone doing? Except selling the bottom 😁

[lofty fox]

Ahoy hoy.

[sinful kestrel]

Aloha

[humble wave]

It's nice to see someone new mention ILV in his YT, but as I had guessed, ha didn't have much to go on about but to repeat the same things really.

[wind forge]

Just use opportunity to buy when its cheap before staking and beta content will be available because then it will go only up

[humble wave]

I'm all ILV brother. Gonna keep buying even after staking. Staking is only one part of the journey.

[humble wave]

@lofty knoll hey bro, any news regarding the 10% revenue distribution that was said in the Tweeter article? Has keiran clarified?

[plain delta]

10% revenue distributions?

[humble wave]

There was an article in tweeter shared by Illuvium that said 90% goes to the token holders I guess if I'm not mistaken. @lofty knoll knows better

[plain delta]

Well that's not right. Maybe we had a mistake in it.

Currently 100% goes to the token holders. We've talked about having 1% go to charity, but that would have to pass.

There's an IMX fee per transaction of 1% but that's not seen as revenue coming in. It's a fixed amount that has to go to the platform.

[humble wave]

#💬〕general message

[plain delta]

I'm just looking now.

I'll get it fixed.

[humble wave]

Yep. I was just wondering about it under the shower 😁

[lofty fox]

Perhaps now that 90%.. is out there... we could do 5% to charity.. and 5% towards competitions or tournaments or whatnot maybe?.

[plain delta]

I'm in chat if anyone wants to talk.

[plain delta]

That would have to be decided by the community.

Maybe it's a misunderstanding of the treasury?/

The treasury is a token holder and received its split of the tokens, but the treasury is owned by the DAO (i.e. All token holders)

[summer bobcat]

Yo @plain delta any updates on the staking and when te beta goes live?
Or do I have to stick with soon 🙂

[humble wave]

Idk. We were all like a question mark 😁 so it needed some clarification

[calm arrow]

Thanks for the clarity @plain delta, had some of us worried last night but good to see it's just a mistake

[humble wave]

Yeah @plain delta thanks for your fast reply.

[plain delta]

I am not sure about the final staking interface but audit complete. Should be very soon.

[plain delta]

Beta will be after we get the demo done. There's a lot of work to do and we are getting through it well. We want to do a cool video for you guys, but we will start doing some live streams before then I think.

[plain delta]

Apparently it's being pulled.

[twilit junco]

Damn, $42 now. With those prices I'm almost tempted to sell any farmed XYZ and buy $ILV for it instead of staking in the XYZ DAO pool 🤔 Every single $ILV token counts 😄

[humble wave]

Until ILV staking goes live, I guess it's not a bad idea to turn XYZ to ILV. After the staking you can still buy ILV if it's cheap and continue receiving XYZ. Like you have invested in two pools.

[twilit junco]

How would you continue to get XYZ when our staking is live? All the $ILV are in there then?! 🙂

[humble wave]

You can still buy ILV from sushi, can you not? 😁 after staking in ILV and locking it, it doesn't mean you cannot buy anymore ILV from sushi. So if the XYZ/ILV pool is still operational and worth it, I guess you can still stake there too.

If the pool is still operational then it's a possibility

[twilit junco]

Yeah, but why not put any $ILV you buy along the way into the ILV staking as well then? Or am I missing something here? 🙂 I mean, if the ILV staking would be worse than XYZ, people would probably not move over in the first place.

[humble wave]

I don't think we have compound staking, or do we? I don't know about that, but if there's no compound staking, then after your initial staking, your ILV is locked. So no adding and no withdrawing. If I'm mistaken I would appreciate it if someone could correct me.

[twilit junco]

I'm not fully sure what compound means in crypto, so no idea. To me compound staking would mean that any ILV rewards gained through yield would automatically be staked and thus help you farm more as well. That to my knowledge is not possible due to a 12 months lock on any yield tokens (except ingame-yield). I haven't read anything about not being able to dump more $ILV into staking when you somehow found money to buy more along the way, but if that isn't possible, it would be great to have clarified, yeah.

[humble wave]

One meaning of compound staking is like what we do with XYZ. You stake 10 ILV then you buy more, you just add it to the pile. I don't know if you can do the same with our own ILV staking. But I'm preparing for any scenario. As long as XYZ provides good profits and stays operational and that we actually don't get any compound staking from ILV, then after locking mine for a year, if I happen to buy more ILV later, I might stake in XYZ. But it's all thoughts and speculations. We’ll have to see what info is gonna be released.

[twilit junco]

In that case, I would be with you, yeah. If we cannot stake more $ILV on our end after throwing our first bunch of $ILV into the pool and locking them, then of course, I'd try to stake any $ILV bought at a later date somewhere else, like XYZ if still available and with a good return.

[humble wave]

Sure. Why not. Money is money. All that matters is that everything would lead to having more ILV in the end. We'll have to see what happens.

[plain delta]

When you claim your staking rewards as ILV they will be locked, but those locked rewards will count towards your yield. These locked tokens are different from the locked team/seed tokens which are in a completely different pool that gets no yield.

[humble wave]

So the locked rewards are literally added to the ILV we lock in the pool for one year, which means every reward adds to the number of out initial locked ILV. It's like the system is compounding your stake. Did I understand it right?

But we cannot add any new ILV we buy from Sushi after the initial lock. Is it right?

[plain delta]

You can add more ILV via staking. Just buy the ILV and then stake it.

And yes, it's like a compounding system. Because each lot that you stake has its own data to vest we call these lots 'batches'. So you'll see a list of all the ILV you have staked, what the stake period is, etc....

[lofty fox]

yeah... so (random numbers here).. say you stake and lock 100tokens.. an your reward is 10.. that 10 gets locked.. and your next reward is based on 110 tokens.

[plain delta]

But when you accrue rewards that will all go into one pool that you will have to claim.

Yes.

[heavy ermine]

its basically a mirror of the SNX staking process?

[plain delta]

Although actually more. Because the locked tokens are weighted to 12 months, which means double weight.

[plain delta]

But better.

[humble wave]

Interesting. Thx for clarifying. So if we can still lock our ILV and newer ILV into the pool we won't ever need to even think of XYZ. It was a nice clarification. You ILV will bring you more ILV in the end

[red crater]

100% i'm gonna keep some in the XYZ pool for all of the 20 epoches

because that's not locked

[plain delta]

Yep. Just buy a shit ton of ILV. Stake it. See what happens.

[plain delta]

This is not financial advice. I have no idea what will happen.

[humble wave]

Think I'll do that. Please don't pump the price 😁

[plain delta]

Well you don't have long before we launch staking. So....

[humble wave]

I know. It's just I'm trying to go over my plans and my plans are changed by newer plans as I get to know more

[lofty fox]

ILV and XYZ are completely different projects.. and both have huge..... HUGE potential .. hahaha

[humble wave]

Yeah. Think I'll have to squizzze my bank on Monday

[lofty fox]

this is financial advice... but also a huge stoner.. so take that as you will.. bahahaha.

[red crater]

hahaha

[humble wave]

I like it two. But since I'm a shrimp, it's not worth leaving 20 there. I have to use all I have to get better rewards from our own YF

[red crater]

sanswibe gonna live of his ILV APY smoking blunts for the rest of his life

[plain delta]

Yeah my wife and I will have a cool calm chat tomorrow that definitely won't be me begging for more money....

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

[humble wave]

Haha. ILV has already changed my life 😁 I have never ever ever ever felt good about spending my dollars on anything except it

[plain delta]

Kain and I bought some arcades when we were young and we were very happy about that.

[humble wave]

It's kinda ironic. You need money to buy something so it'll one day worth more than the money you spend because you realize your money is actually losing value. Ignore what I just said. I don't even know what it means 😁

[lofty fox]

haha nah nah nah.. but also yep.

[lofty fox]

define arcades?

haha

[humble wave]

My faith in June has gone wild and I have even got more hyped regarding ILV. Still in loss but who cares. The idea that you guys have put forward beats any other project out there and it's beautiful. It's an honor to be here.

[lofty fox]

wait.. is gas at 6?

freakin 6?

[humble wave]

Of course it is. People are out of cash to buy. 😁 when you wanna but it moves to 5000 like it went in April/May

[lofty fox]

haha i had a coupla transactions i wanted to pump thru when gas got less than 10

hahaha twas a surprise

[humble wave]

Well these numbers are short lived. In 7 days ETH gonna run a Test net let's see if it does any good

[severe igloo]

Wait whut? Hahahaha

[humble wave]

Why so aggressive? 😁

[severe igloo]

Have you seen the follow up anime of this? Index?

[lofty fox]

shwwaaahhh

[humble wave]

The last thing I watched was AoT the final season, which apparently the final season comes with a part 2 which is kinda disappointing 😐

[lofty fox]

has anyone watched onyx equinox ?

haha

[marble oyster]

Last thing I saw was 'the last airbender'

Series, watched ten seconds of the movie and shut it down

[lofty fox]

uupa and momo

[marble oyster]

It was entertaining

[lofty fox]

are you going to watch korra next?

[marble oyster]

I watched it

[next surge]

Why the extra hype

[marble oyster]

I count them together when speaking of the last airbender'

[humble wave]

I just got to know the project better.

[next surge]

I keep buying every dip

[rain thorn]

I always say that each day in the community will take you one step closer to realize the magic ✨

[next surge]

When is staking

Anyone know what the rewards are

[marble oyster]

Soon, probably this month

[next surge]

Heard the annual percentage yield is high

[humble wave]

Show off. You wanna say you have money and burn us none-fiaters to death? 😁

[next surge]

Dca is the winner

I hope $40-42 is the bottom…

[twilit junco]

Just let the dip last till the end of the month. Gonna be able to squeeze a few more tokens out of the budget then 😄

[next surge]

[calm arrow]

Are we talking days or weeks? Give us a leak :D

[humble wave]

I can buy the same as I have now, but then I'll be dry and in trouble 😁

[calm arrow]

I need it to be at least a week so I can extract funds from elsewhere and load up on ILV!

[humble wave]

Apparently it’s close to the months end.

[rain thorn]

End of the month.

[twilit junco]

Got some form for employer-funded pension running which I plan to cancel and get paid out anyway when leaving within the next few years. Gonna run the numbers today how much I'd lose by cancelling now, forfeiting on the bonus they pay every month in exchange for a couple grand more in the pocket right now 😄

[calm arrow]

Cheers guys! Hopefully I'll get the time to get the money in before it all kicks off

[severe igloo]

we should have an anime channel where we can share RIDICULOUSLY good anime wit each other..

like Jujutsu Kaisen

or the 900th remake in the Gundam series hahaha

[calm arrow]

Thought it was interesting what Aaron said - essentially each time you get interest it's automatically staked for 12 months

[humble wave]

We are gonna have one hell of ride together, 🦐 and 🐳 and 🦈 and 🐟 😁

[calm arrow]

I'm excited for this game and this investment in tandem. Can't wait!

[rain thorn]

https://tenor.com/view/stop-anime-friends-come-here-gif-18836355

[lofty fox]

final space... anyone watch?

haha

[rain thorn]

It’s been a few years since I last watched an anime

[noble glen]

https://tenor.com/view/south-park-its-gone-gif-4104229

[twilit junco]

The only relevant animated series to watch soon: https://www.youtube.com/watch?v=81wyj65SJIo 😄 One of the few things I'll be doing next to playing and investing in ILV ^^

[rain thorn]

The last one I’ve been watching was Sword Art Online 🗡

[strange wharf]

Watching now kakeguri..

Its about gambling

[severe igloo]

hahaha this was unexpectedly fun to watch

[red grove]

Illuvium anime wen

[severe breach]

Kirito rullzzz😁

Make sure u watch the Sequel also

The way i see the progression is Sword Ar Online -> Ready Player One -> VR Illuvium -> LIFE haha

[fresh granite]

It started good but ruined it later

[rain thorn]

It’s a masterpiece.

[earnest tundra]

actually one of the few animated shows I can get my fiance to watch, pretty entertaining

[runic hull]

Loooool

[rain thorn]

SAO is better than ready player one imo

[rain thorn]

Same creators of Rick and Morty right ?

[lofty fox]

Nice ones.. I really like it... also olan, the guy that makes it.. does some "storytelling" videos on you tube... um no I dont think so... made by olan Rogers.

[rain thorn]

Sorry my bad I meant both are from Adult Swim

[earnest tundra]

interesting, I'm going to have to check those out. I seem to enjoy his style of humor

[rain thorn]

I’ve never seen anything that didn’t end badly unfortunately lol.

[fresh granite]

Maybe you didn't complete sao

[earnest tundra]

also, non-animated, but I felt was a very underrated sci-fi satire with some pretty good humor was Other Space. Unfortunately it launched on Yahoo streaming. Still out there, I think episodes can be found on youtube. From the friends I've told about it, you either love it or hate it

[rain thorn]

Read what I said again 😁

[fresh granite]

Whatever man if you think it's good it's good

[lofty fox]

Non animated.. sci fi.. underrated.. FUTURE MAN.

[rain thorn]

Lol bro I agreed with you

[fresh granite]

Then it's good😅 😅

[lofty fox]

Final space and future man.

Haha I can watch em over an over.

[wind grove]

Hello

[humble wave]

Hey. What's up?

[wind grove]

Fine how about you

[humble wave]

Thx. 🙂 doing well. All the talks of Anime made me wanna watch one on Netflix.

[severe breach]

I think RP1 is actually inspired by SAO lol

[rain thorn]

Yeah I think it is the first one of it's genre. Log Horizon also followed by it.

[severe breach]

I remember i was also playing Aion Online back when i was watching SAO damn...i wish i could have done those things in Aion haha...my late teenage years were at the peak of my youthful imagination

[rain thorn]

Isn't Aion much older than SAO ?

[severe breach]

It is..5 y older..and i was playing it for 3y when SAO launched.. that's why it was even more appealing

[rain thorn]

Never tried it, was playing Maplestory and Combat Arms when I was young 😁

[fierce vine]

I really don’t want them to get better vr and make a SAO style game with NFTs. I can only spend so much time in a virtual world :’(

[severe breach]

Haha..if they do u won't have a real/ physical life anymore

[rain thorn]

Help me to find the anime I'm looking for, check #799010390201466880 I'll raise my offer to 2 $ILV if anyone can find it.

[severe breach]

Wish I could help you bro but I've never been into that type of animes ,like that genre

I've never even watched Dragon Ball Z or stuff like that ,if you can believe it😁

[rain thorn]

Dragon Ball Z, Pokemon & Yu-Gi-Oh were the Animes I grew on 😄

[severe breach]

Yeah I know I was the same but that's why I told you I wasn't into that type of of animes I was more like a fullmetal Alchemist Guy

[rain thorn]

I was trying to watch it once I didn't like it.

[severe breach]

Disregard my writing because I'm on text-to-speech option I'm driving so I can't type

😁

[rain thorn]

Who cares about that 😁

[severe breach]

Ow you'd be surprised I know a couple that would

😂

[rain thorn]

Nah you're good 😄

[severe breach]

I know..just joking 😁

[rain thorn]

I have posted it everywhere I could, Let's see if someone will manage to find it lol.

[steel prawn]

when are the big unlocks coming? if anyone can give me a quick rundown I would appreciate it or point me to where I can read about the dates and totals of the upcoming schedule

[marble oyster]

No fixed dates yet, just estimates

#💬〕general message

[steel prawn]

thanks

[marble oyster]

Np ask away if you have questions, someone will answer them

[real tiger]

No new tokens until april 2022 atleast

[wicked flower]

What is Q3?

[hybrid finch]

Jul-Sep

[wicked flower]

Thanks

[oblique pumice]

Hi im new here!

[marble oyster]

Welcome

[oblique pumice]

so around how much to get pet here? im really new to this stuff

[rain thorn]

The game is still in development so illuvials prices are unknown currently.

[oblique pumice]

i see. cant wait for this game to pop

[marble oyster]

You don't need anything to start the game when it is released if that's what you want to know

[hollow drum]

I have an idea for marketing, Faze Rug is fighting Aiden Ross apparently. Imagine if Faze Rug has something with Illuvium on him during the fight. Thatd be sick.

[calm arrow]

Curveball question: anyone here play dragon quest monsters joker (1 or 2)? Bit of a mouthfull to say, but it was a 2d Jrpg style game in which you collected monsters and could set each monster to have an overarching behaviour (eg, heal friends, all out damage, attack but save mana etc) then set it to auto battle if you wanted. I realised today that Illuvium reminds me of those games

I played them on DS, likely a decade old or more

[hearty veldt]

sounds pretty interesting, never played or heard of it before

[humble wave]

Hey guys. I have a question 🙂 (it's kinda a general one I guess ):

imagine you want to stake 200 ILV. You swap 100 for Eth and stake it with the other 100 ILV (50/50). Does your stake count as 200 or 100 ILV when you lock it in the website? (just want to know if Eth counts)

[idle terrace]

U talking about joining the liquidity pool?

[humble wave]

Yep

[idle terrace]

Both ILV and ETH count.

Everyone who enters will be entering 50/50. So your yield depends on what % you are out of the total pool.

[humble wave]

So you mean since your ETH = 100 ILV, your stake is worth the total 200 ILV you have?

[idle terrace]

Well you don’t have 200 ILV. You have 100 ILV and whatever ethereum 100 ILV equals to.

[humble wave]

You lost me in the second part 😂

[severe breach]

I think what he wants to know is that if you get shared revenue distribution for 100 or 200 in total

[idle terrace]

If you put in $5000 worth of ILV and ETH combined. That’s what your worth is.

[humble wave]

Yeah I want to know my stake has the same effect as my initial 200 ILV or I'll lose the effect of 100 when I swap it for ETH

[idle terrace]

When you have 200 ILV and convert 100 of it into ethereum. You have 100 ILV left + the ethereum.

[humble wave]

So since my Eth already = 100 ILV and in total I had 200 ILV, the the whole number is effective

[severe breach]

In my opinion both amount should count but I'm not 100% sure if they do

[humble wave]

Yeah. Wanted to know if ETH counts as well.

[humble wave]

That's what I was wondering about

[idle terrace]

Yeah technically it does

It’s based off their usd value tho.

[severe breach]

Well technically it should but I'm not quite sure if the contract can recognise your ETH as being pegged to ILV value

[humble wave]

Well if the whole 200 ILV counts it's even better

[idle terrace]

So you’ll put in equal amounts in usd. For example $1000 worth and ILV and $1000 of ETH

So you put in $2000 total. If there’s a $100k total in the pool. You’ll get 2% of the total yield

[severe breach]

But if this is the case , then the ETH/ILV pool looks a lot more juicy

[humble wave]

Hmm. Interesting. So it's the total amount that counts and not the number of them separately.

[severe breach]

Even counting the IL

[humble wave]

Yeah. I've been thinking about the same thing

[idle terrace]

as price changes the contract buys/sells your coins to keep the ratio equal. So if ILV goes up way more than ETH you’ll actually lose ILV and in turn gain more ETH to keep the ratio balanced.

[severe breach]

That we know..what @humble wave is saying tho is that even if there is an impermanent loss that pool will look a lot more juicy even if I get moreETH the end of it

[idle terrace]

But you’ll be yielding ILV at the same point. So that hope is that the yield makes up for any losses you might incur.

[rain thorn]

With my price prediction I'll end up with ETH only 🚀

[idle terrace]

Then you should just stake ILV

[humble wave]

So you'll end up with more ETH in the end since we know ILV will outperform ETH

[idle terrace]

If anyone is super bullish on ILV vs ETH they probably shouldn’t join the pool.

[humble wave]

Which means your staking will actually generate ILV and in the pool you'll get ETH at the same time

[idle terrace]

Both will generate ILV as yield. The ratio balancing is dependent on the price action. ETH might outperform ILV and you’ll end up with more ILV + even more ILV due to yield generated

But yeah staking is the better option if you think ILV will way outperform ETH.

For example on the titan fiasco. People in the matic/titan pool were left with a shitton of worthless titan and lost all their matic.

[humble wave]

Yeah but then again due to revenue distribution and the farm, you'll have ILV as your rewards while in the pool, if ILV out performs ETH, then you'll end up with more ETH to keep the balance. In the end you'll have them both somehow. Sorry if I seem a bit thick headed

[idle terrace]

Yeah so hopefully if that happens, you yield enough ILV to atleast make up the difference. The best case scenario is ILV and ETH both skyrocketing

I’m bullish on both ILV and ETH so I feel fine joining the pool. But I won’t put all my ILV in it.

[humble wave]

That's a high probability. I'm kinda looking forward to it. To end up having both and gaining some sweet ILV rewards. It's nice to see that revenue distribution and the pool complement one another so if it goes well you'll have both in greater numbers in the end

[idle terrace]

Yeah I’ll probably stake half my ILV and put the other half in the LP with ethereum.

[humble wave]

I don't think we'll see a huge pump up until the launch. So I'll stake and keep on buying. So I'll have staked ILV and unstaked ones

[humble wave]

So what you mean is you'll stake in both ETH/ILV pool and the single ILV pool

[idle terrace]

Yeah

[humble wave]

I'd wait to see the APR on single ILV pool, maybe XYZ can be a better choice for it as it's unlocked

[idle terrace]

Could be.

[humble wave]

Thx for taking the time to answer my question. It meant a world 🙂

[idle terrace]

I also have snx I can stake in the ILV flash pool when that comes

[humble wave]

Can't follow you in that one. I'm dry in SNX 😁

[idle terrace]

I’m down like 50% on it so you’re better off lol

[humble wave]

The closer we get to the staking the more questions pop into my head. 😂

[humble wave]

Haha yeah. From 40 to 7 😁 I sold mine long time ago. Bought some REEF and damn....BTC opened its legs and shit on it. (that was the best expression I could come up with)

[rain thorn]

Nope, because the 50\50 pool will reward me with many more tokens, and it's added to the revenues even if you didn't claim it yet.

[idle terrace]

Not if ILV does like 10x vs ETH lol

[calm arrow]

If everyone went ILV/eth and I was the only one who put my 20 ILV in the ILV only staking, I'd out perform everyone right?

[idle terrace]

Yup

[rain thorn]

Yes.

[calm arrow]

So it's not just a case of which pays more, it's seeing what everyone else does

[idle terrace]

That’s why xyz pool might be juicy once the ILV yf starts

[calm arrow]

Delaying your staking in house by a wssk to see what some whales do could benefit you

[idle terrace]

The lp pool has more yield but it’s much riskier. The extra yield is to help offset the risks but it doesn’t eliminate the risks.

[rain thorn]

How come ? if ETH outperform ILV while it's locked your rewards drops ?

[idle terrace]

No.

[rain thorn]

Then why would I lose.

[idle terrace]

If ETH outperforms ILV, the contract will sell ETH and buy u more ILV to keep your ratio equal.

If ILV goes up a shitton the contract will sell ur ILV and buy more ETH.

[severe breach]

Don't think so..but who know..u have to remember the weight in the pool with locking your ILV also

[rain thorn]

Yes, and I'll end up with only ETH, but since I'm on the 50\50 pool my rewards in the end of the epoch will make up for it.

[idle terrace]

Hopefully

[rain thorn]

That's what I believe in, and that's why I'm going with the 50\50 pool.

[idle terrace]

Yeah it’s your money, I’m just answering questions lol

[rain thorn]

Yeah I know, I just thought you said that if ILV outperform ETH it will affect my rewards.

I didn't understand why you said it, but you meant something else lol

[idle terrace]

No. All that matters is the amount of usd you entered with vs how much usd total is in the pool

[rain thorn]

Exactly.

[idle terrace]

All I’m saying is if you think ILV is going to destroy ETH in gains then staking is a better option. Your 100 ILV might be 10 in the end. Plus whatever yield you generate. So in that case you’d have made more money just staking

Also the money u spent to buy ETH to join the pool you could just used that to buy more ILV and stake that.

[rain thorn]

I think that the yield farm will provide much better rewards and it'll cover my loss even if I end up losing all of my ILV.

[idle terrace]

Yeah we’ll have a better idea once it goes live

[rain thorn]

Yeah it's all speculative until we get to the moment it goes live.

Maybe we will prefer staking at XYZ eventually 😂

[idle terrace]

Also the yield gets less over time so it might not be worth it 6 months from now or whatever

The locking part is a whole other headache lol

[rain thorn]

Well I think i'll lock it for a year for the first epoch.

After that we'll see

[humble wave]

Yeah. I'm just trying to prepare for each scenario. Kinda completing my blank spaces

[rain thorn]

But again, as you said, I'm waiting to have all the numbers infront of me.

[idle terrace]

After about 9-10 months the seed investors, etc will start to unlock so that might change things as well

So there’s a lot to consider

[rain thorn]

If they will dump I'll end up with more ILV from my initial investment, if they stake it might lower my rewards but for the last months. since I'm bullish on ILV and willing to hold it for 2-3 years that's not a big concern for me.

But once again, So many variables might change and we'll have to react to anything. Now it's all speculative.

[idle terrace]

Unless ETH and ILV both dump. Then we’re all fucked lol

[humble wave]

Well, some facts can actually hurt 😁

Aaron said someone from Rockstars is gonna join them. More good news 😁

[idle terrace]

Unless he’s an idiot but yeah lol

I’ve worked for a lot of big companies and I’m always disappointed lmao

[humble wave]

Well...yeah, but when I think about how nice GTA or Max Pyne are, then....unless he's a genuine idiot, I guess we'll be fine 😁

[idle terrace]

He might be the janitor from rockstar.

Those guys are working long hours, They need someone to pick up after them

[humble wave]

Haha cleaning the block chain eh? 😁

[fierce vine]

May have also meant rockstar as in a great programmer lol

[humble wave]

We talked about a programmer and look who showed up 😁 always nice to have you Matt 😁

[fierce vine]

Yo:D

[idle terrace]

That would be nice! I’m growing impatient

Well bored is probably the better word

[humble wave]

We all are. I wanna see some action. 😁

[idle terrace]

Quite a bit of that just the wrong direction lol. I just wanna see gameplay so I know if I’ll be playing this game or not lol

[humble wave]

Not action like Clix, don't get me wrong

[humble wave]

Yeah. That. I want something to show to my students. I might be able to get some more people here

[hearty veldt]

yea seeing gameplay would be really nice

[humble wave]

Found some cash under a stone. If by Monday we're in one piece I might buy more.

[hearty veldt]

hopefully they allow people in closed beta to stream

I think would be good to release some gameplay trailer as well, right now it seems people are more invested in the financial side than the game itself, just the promise of the game I suppose. But once word gets around about how sweet the gameplay is going to be might attract even more spontaneous interest

[humble wave]

How long has ILV been under progress? I don't mean how long it's been open in the market. When did they really start the project?

[humble wave]

Right now we're in it due to our trust and belief.

[hearty veldt]

yea, which is cool, that so many people are behind this

[humble wave]

Yep yep

[hearty veldt]

but without actual gameplay or signs of progress on that part, it will get harder and harder to retain everyones attention

the art work is really nice though, that is at least something we get

[humble wave]

No rush. We'll get there. I'd rather we go slow and strong than rush it and mess something up.

[hearty veldt]

yea that's true

[idle terrace]

I think development started late last year. It hasn’t been in development for long compared to most games.

[twilit junco]

Yeah, I actually heard Aaron say "another rockstar programmer is joining us..." so I think it was meant exactly like that and not a reference to where he is coming from 🙂

[rain thorn]

If the crypto market crush we crush with it, nothing to do about it.

[humble wave]

Hmmm. I'd like to know in one year how well-made can a game be.

[rain thorn]

I think Aaron said today something about 8 months of development.

[idle terrace]

Yeah I think the arena/battle system will be fine but the open world might be a bit barebones to start. But time will tell

[humble wave]

Hmm. I thought so too. The open world takes a looooog time to build. I'm not a programmer at all, but when I think about the details....well

[idle terrace]

Yeah also curious about like story/progression

[hearty veldt]

Would be nice of them to focus on battle arena, I feel like that would the most enticing part of the game, since the open world will mainly be a grindfest anyway and to make such a world interesting would require a lot more time and art assets than nailing down good battle-gameplay

[idle terrace]

Yeah I’m mainly in it for the battle arena anyway. The open world part isn’t that important to me

[full dome]

they are both just as important as the other imo

open world immersion is pretty vital tbh

[hearty veldt]

I think open world could be important to draw in people who aren't into PvP gameplay, but I do feel to do it well would take a long time, like at very least 2+ years, minimum

[idle terrace]

It’s important for the game itself but I’m personally more interested in the pvp.

[twilit junco]

The world is super important. It's where you get to catch your loovies. Nothing is going to happen in the arena without them 😄

[humble wave]

Backstory...right. I guess this part should be fine. I just hope we see some real action to actually stop specilating. Right now I feel like Dennis Nedri in Jurassic park 1 when he was gonna head to the docks but took a wrong turn and got eaten by dinosaurs 😁

[hearty veldt]

I am talking about pure gameplay though

catching luvi's isn't going to be that interesting gameplay if it's just battling against bots so to speak

[idle terrace]

Yeah and I don’t think it’s meant to be super challenging. I’m curious if you’ll kind of progress to where you get tier 1 illuvials and then capture a tier 2 etc or if you might fight a tier 5 early and if so will you be able to defeat it or not

[hearty veldt]

I think Luvi's gain XP right?

So you probably need high level Luvi's paired with high level shards to catch rarer Luvi's from higher tiers

so basically grind tier 1 islands for a while, to level up the Luvi's you got then move onto tier 2 etc.

[rain thorn]

Okay everyone may congrats me now.

Finally dumped all of my XRP.

[hearty veldt]

congrats, hope it is the right decision for you

[rain thorn]

Yeah I hope so too ll.

lol

Geting ETH and ILV.

[hearty veldt]

I mean investing in ILV can never be a bad idea! I'm full of faith

and hope

[humble wave]

Sold in Loss? 😁

[rain thorn]

yeah lost 15k lol