💬〕general

[lofty knoll]

Doesnt work like that. A lot of people has sILV and never touched that pool btw. They got them through the official staking route.

[cinder wagon]

I wonder if every major project is going to come up with a hacking contingency plan... Like a snap shot taken every 10 minutes and saving around 1000 snaps at a time. As soon as a hack is found there should be a backup token already made and ready and the community knows to exchange 1 to 1 for a discontinued token (stolen tokens would have their own plan). Airdrops, if necessary, might get to people sooner with less investigation work involved. (Of course this probably isnt the best way to deal with hacks, I'm just throwing out ideas)

[grim quarry]

Put the remaining 10% on Heads at your local Bowlo mate! Bit of damage control

[gusty roost]

You're a good man Kieran and shows how much you believe in this project putting your own liquidity up for this

[agile tapir]

You dudnt get the memo?

https://www.afr.com/wealth/people/australia-has-a-handful-of-new-billionaires-and-two-aren-t-even-40-yet-20211209-p59ges

[long scaffold]

free advertisment: number one top loser!

[woven geyser]

For some reason I haven't seen any project prepare for the worst like this before, smart idea. Snap shots are easy to take at any point in time retroactively, but backup token ready etc is super smart.

[lofty knoll]

sILV has no price. sILV = ILV. Team is not responsible for free dex trading of the token

[marsh geyser]

you all say what you want but I couldnt be happier with the way they have taken ownership and set things in motion to right the ship. This will bond the community even tighter if we let it

[spare scroll]

Part of the problem is that the “fair” solution you are proposing (getting 50% of the silv) also leads to your investment growing 4X or so…

[sage falcon]

Buying heavily tonight

[wispy kindle]

V2 sILV value just like the previous one will be 1:1 with ILV. What happens on the side market is the markets will

[steel steppe]

guys is it a bad idea to go to your staking site?

[inner topaz]

I am waiting until Pedro and Basil come back online. They've had a pretty gruelling few days, we all obviously have. If there is a way to detect that then we possibly would but its more likely that they will simply gain it plus be reimbursed. As already mentioned, we are reimbursing the lP's so there is no downside for them

[fossil ridge]

I good solution is to reimburse buyers at buying price who have not sold or profited after the hack

[final plume]

there is a paywall on your thing

[elfin osprey]

How is the team going to reimburse sILV token holders? Giving an equal amount in new sILV 2.0 tokens?

[light hinge]

My son has been in tears for days because his favorite game has been ruined by hackers who write their own code and gave their roles super powers. ILV team needs to make sure the game itself is secure.

[sly fossil]

So buying sILV rn is useless right?

[fluid halo]

Yup. The team could have easily ignore the trading but instead taking responsibility. Since day one they have been saying uniswap is unofficial

[lean sigil]

if it makes u feel better I went "all in" ilv not the most responsible thing to do I know, but I seriously believe in this team/project

[inner topaz]

You can promise him that we will get this show back on the road.

[tiny cave]

Is it the contract or is it because of solidity

[merry mountain]

RIP man but you’ll come out of this stronger and in a few years looking back at iton a pile of cash 💵

AAA game attracts SSS hackers

[mossy grove]

Keep up the Good Work!

and Thank You for Reacting as Quickly and Efficiently as you have!

[worn eagle]

I think you have misunderstood or that I have expressed myself badly. I meant that a proposal would be to pay back half of the amount invested to buy the sILVs, i.e. to accept a 50% loss, which is better than 100% ..

[cinder wagon]

@inner topaz You gonna set the standard for community safety and education in all of crypto by creating the first Crypto "Fire Drills"? What to do in X, Y, and Z situations? Could be a movement that Illuvium gets to put their name on in the history books. Reduce panic and Fud by 85% after an 'event'. "An Ounce of Prevention Saves a pound of cure"

[sage falcon]

When is mint?? I don't understand

[tired loom]

@plain delta @little flax @inner topaz From someone who is looking to be on the bad side of this, I tip my hat, thank you for your honesty and your accountability. There are thousands of ways this could have been handled maliciously and the fact you (presumably) are here finding a solution and looking at the big picture means a lot.

[gusty roost]

Not sure if this has been mentioned. just an idea. But for those who bought or sold after the announcement - perhaps they could be reimbursed sILV but only at the price of the snapshot? So if you bought sILV at $50 post announcement you'd get $50 worth of sILV as if it was still at it's $400-500 snapshot price (e.g. 0.1 sILV reimbursed)

[light hinge]

It was another game that got hacked, BlockmanGo. Thanks mate! Let’s make the Illuvium game secure.

[noble depot]

So I bought silv from the pool yesterday, am I in the snapshot?

[sly fossil]

Does this delay the land sale?

[lofty knoll]

Yes.

[agile tapir]

Yeah, I havent read the whole article too but the caption is pretty clear lol

[wintry palm]

i definitly dont know for sure but i dont see how it couldnt

[lofty knoll]

Probably.

[ember breach]

How you and the team are handling this really shows that you are a man of integrity, accountability, and a big heart. This makes me proud of being a part of the Illuvium community.

[magic slate]

It is now a pre requisite that they finalize staking v2 before land sale. Before it was not necessary...

[worn eagle]

Indeed, I had proposed to reimburse only the people who bought at the price they bought and even at 50% of the price (it's better than nothing). It's easily verifiable and it can't be that much money I think.

[elfin harness]

just woke up wtf happened

[crimson matrix]

https://www.youtube.com/watch?v=IoRwKxAGWL8

[sage falcon]

Ive been saying the same thing this whole time. The problem is who are you expecting to compensate you? If you expect the DAO to use treasury funds to buy you out of your own bad decisions thats basically just asking everyone here for a handout. Its not like the announcement was the only indication that there was a problem with the token. You saw the price dip 99% and got greedy. The rest of the DAO shouldnt be responsible for bailing you out.

[spare scroll]

They’ve been saying for a while that V2 would be before land sale anyway …

[summer goblet]

We understand this bro. But like you guys should’ve have still taken action if the securities you guys created are tradeable on open markets like uniswap. And why do say this if you guys made it an ERC20? Like there’s excuse at all. It’s not fare that you keep remarking this because at the end of the day many of us lost money we trusted you guys with

[fossil ridge]

Today I bought 29K of Silv, 20K before the incident, the rest 9K at 200.... have not sold any... I am in ILV since the beginning I am trusting that others like me will be taken care by the team/DAO. These unfortunate instances happen and a fair solution should be given. I do not want money, I put in the money for the land...

[tiny cave]

You’re a whale, you can stomach the losses compared to normies

[noble sparrow]

can i get WL?

[royal steeple]

Good morning, beautiful day

[ember breach]

No whitelist in the Illuvium project

[pale sun]

Your numbers keep on changing 🤦‍♂️

[spare scroll]

Hello guys, I just woke up. Any news about the winners for the Secret Santa giveaway? 🙂

[prisma root]

Doesn’t matter that he is a whale. He is a valued member of the community. That’s what matters.

[worn eagle]

Don't you think it's egotistical for someone who has just been informed that he is going to be reimbursed 100% by someone else to make that kind of remark? When you talk about me, do you mean the hundreds of people in the same situation as me who will, for the time being, lose 100% of what they have? Of course, now that you're going to get back everything you've got, the last thing you want is for more money to be handed out to save those poor fools who can only blame themselves. Even a 50% refund, how horrible to give away money that could be yours after all. It could drop your precious sILV by 5% beware! Well, Good night, I hope the council has more heart than this dude.

[tiny cave]

ILV should have an insurance fund like many defi projects

[teal relic]

sILV fork?

[wispy kindle]

Good morning!!! Loving the good vibes

[spare scroll]

Maybe the solution is instead of giving a full refund to the ones that also sold their silv after the announcement was made, is to instead give them a partial refund based on the price at which they sold (compared to the price at the time of the snapshot). And then apportion the remaining part of the refund to the ppl that bought after the announcement….

[broken wasp]

I did this too..lol. shoulda looked into it more 😦

[lofty knoll]

How did you lose money?

[sage falcon]

I mean if youre talking about 'for the time being' im also out all of my sILV. I haven't recieved replacement sILV yet.
See the difference between me and you is that you bought a token after it had OBVIOUSLY been hacked hoping for a quick upside and now youre crying and throwing a fit to try to make people feel sorry for you. Ive lost a lot of money on rugpulls, crazy wicks, and general bad trades too. Personally I man up and take responsibility but if you want to insist that you are somehow a victim of anything other than your own lack of awareness you are free to do so.

[lofty knoll]

Council job is to protect the DAO. Scoot didnt lose anything and is not being reimbursed. He just gets the tokens he already had.

[rose patrol]

I think just relaxing… seeing that these things happen and it’s not an official token purchase location, closing the loophole and moving forward without infighting is the best thing for everyone.

[prisma root]

There is no reason for the community to turn on each other. One thing we all have in common is we believe in Illuvium. Try to stay calm when messaging each other🙂

[teal relic]

I guess it's a good thing I am always late to the party.

[hushed wagon]

Agreed

[spare scroll]

This is what I meant: if at the time of the snapshot sILV was at $500, and then after the snapshot someone sells their sILV for $200 to someone else. The Seller gets refunded 0.6 sILV instead of a full sILV, and the buyer is refunded 0.4 sILV. I think this makes more sense than giving a full sILV to someone that already sold one for $200.

[worn eagle]

But that's the whole point. If we follow the logic of investment risks, the pool has been hacked, everyone loses all their sILV. On the other hand, you judge, and this is your right, that you have the right to be reimbursed for 100% of your assets when you have taken the risk of buying a token that can be hacked, whereas we have to lose 100% because we invested in a token that had dropped without reading an announcement on Discord. I don't think it should be black and white. This decision as it is made now is not fair. I have the right and I think many agree with me that we also have the right to a certain amount of compensation in these circumstances, not necessarily 100% but not 0% either.

[haughty moon]

Do we know who are the Santa drop winners ?😂🤔️

[weary spruce]

This is just a blip on the radar screen. @inner topaz and the team saying and doing all the right things.

[lofty knoll]

The pool wasnt hacked.

[hardy gust]

ETA on sILV 2.0? need to feel that my funds are secure

[next barn]

please dont give silv for people who bought after the snapshot. instead refund the eth they spent. It will be really unfair for people like me who have read the announcement and decided not game the system.

[rose patrol]

I bought sILV at $500 but I’m not too worried… they’ll fix it and it will still be worth ILV in land sale… probably just a bit of a delay now. Why is my message timer at 3:30? Lol I’ve only written like 3 messages today….

[fossil ridge]

Anyone WHO HAS NOT PROFITED from this hack should get reimbursement

[elfin osprey]

Does the team know the wallets of the exploiter? Because if they're reimbursing everyone pre-official announcement with the new token, AND they also know that the exploiter(s) haven't been able to sell all of their ill-gotten tokens, then wouldn't the team be reimbursing the exploiter as well if they don't blacklist the exploiter's wallets? Since the exploiter got all the tokens free essentially, then what it is to prevent them from dumping the new sILV token once they get it?

[teal relic]

They took a snapshot before the hack

[hushed wagon]

We're all behind you Kieran the trust is not broken - if anything a shit situation like this can be turned around depending on the way that this gets handled that can actually instill a lot more trust and confidence in the team.

[delicate igloo]

Bullish on how the @inner topaz and dao is man'ing up to the situation. If youve been in crypto for any serious amount of time, you know this response thus far has been top notch.
🤜🤛

[lofty knoll]

The official token is ILV and the official mean of acquiring sILV is through staking rewards. The team will cover those token. It is not their responsibility to cover people buying the sILV token outside of their official platform especially after they flushed the pool.

[wheat ingot]

Look, this is crypto. You NEED to be 100% responsible for your actions.

[lofty knoll]

Yea we have the addresses and they will be excluded.

[pseudo flint]

been away all day but again seem the team is getting blamed . I used to post this before the infoluvials came out with the graphic . People seem to ignore the message

FYI on sILV is meant as a in game only coin. because its not official sILV was never meant to be traded its not "supposed" to be traded everything outside that happens is unofficial and not supported by the DAO. Any place it is traded do at your own risk. silv has no official value outside the Iluvium ecosystem

The price ,validity and liquidity can vary between platforms. Buyer Beware

they were too busy trying to get bonus money to buy land or taking a risk on "quick cash" by flipping .

neither of with is the teams fault if the market crashed

[worn eagle]

Very well, can you explain to me then why they are refunding all the sILVs that were directly purchased in exactly this pool, which is not an official platform?

[twin turret]

The bigger picture is that this has all started becuase of the hack , after which the team decides to sabotage a pool they do not own. Their intervention protects some people at the cost of others. I think they did the right thing tho, but DAO right now has to make a hard decision that will determine if illuvium is a " war casualty " community , or that they care beyond that.

[lament phoenix]

Is ILV at risk of being hacked?

[crimson matrix]

No

[merry mountain]

Because part of it is their fault from getting the contract breached

[next barn]

it will be really hard to compete in land sale if team reimburse people who have bought silv for a dollar when others have bought for 500$ @inner topaz please refund eth value they bought. not silv.

[cinder wagon]

You spit facts sir. By all means Dev could do nothing and say nuts to you all. And people suggesting the devs should spend days on figuring out how to screw over some people, who probably didnt make very much since they flooded the market, is just selfish lol. Its like Covid relief and welfare. you know why they don't hardcore Vet everyone getting assistance. because it cost Several times more to do that than to just pay out the few leeches.
Maybe Gala had it right..
You lose money?
Step 1: Fill out form
Step 2: Get compensation package

if you lost 3k$ or 80$, everyone was over compensated and happy. Idk who has energy to be like, "Weeeeeeell theeeeeey goooooot...." Like a take a nap homie... Just smile and be happy no one got screwed.

[hardy gust]

This.

[elfin osprey]

That's awesome, definitely good to know that the exploiter's wallets will be excluded. Otherwise there'd be chaos again once the new sILV token is released. Great job by the team, took remedial action, owned up to the mistake and came up with a compensation plan faster than 99.99999% of all other crypto projects out there

[stray pasture]

https://twitter.com/VetemorILV/status/1478503426237607937?s=20 I think this is the summary of the team, and credit to @mossy grove

[spare scroll]

I think the main issue right now is that based on what Kieran said, the buyers after the snapshot will be 100% losers, while all the sellers will be 100% winners (since they will get to keep the ETH they made by selling, and also get refunded sILV). I think the team has to go back and rethink their refunding strategy because it’s penalizing the buyers at the expense of the sellers even though the sellers are also partly to blame…

[tired loom]

I would agree EXCEPT, the team made the choice to empty the liquidity by front running the exploiter, which in turn has now impacted everyone. If the team were to have stayed agnostic, I would agree, but they did not. And to their credit admitted the problem was theirs and owned it like grownups.

[pseudo flint]

so you rather the exploiter win ? **** No the team did exactly what they should have done** Front running the exploiter was the right thing to do

[lofty knoll]

No I cant. Not my decision.

[sharp gust]

#💬〕general message
based on this, I think you need to have sILV token in your wallet prior to announcement.
if you sold prior to announcement, then sILV you sold will not be replaced with V2 token.
(just my understanding)

[next barn]

exactly. Team should reward the people who have trusted them and held the tokens despite the hack. not the people who panic sold.

[fossil ridge]

agree, the team did great, however, sellers should not benefit while buyers who where not aware of this get punished

[elfin osprey]

Are they taking two snapshots? Once before the announcement and once before disbursement of new sILV token, and compare the token amounts held between these two snapshots, so if you sold after the announcement then the amount sold will not be eligible to receive the new token. Maybe something like that would protect the integrity of the snapshot, so the sellers won't be 100% winners as you said, they'll be 100% losers just like the buyers.

[inner topaz]

I did not say this. I specifically said that the council will decide this

[broken wasp]

So are our wallets compromised if we have fake sIlv in them?

[solar wyvern]

Still have them all. Was quite a big investment

[teal relic]

no

[spare scroll]

Ok, I guess I misinterpreted what you meant here: #💬〕general message

[cinder wagon]

Confusion* tend to happen in these situations. This is why companies never speak and put out written announcements that sound heartless. Appreciate you for being here for your people.

[lofty knoll]

No.

[sterile fjord]

They are responsible for using their ability to mint to drain all the ETH from the pool

[sturdy sandal]

Is Kieran going to use the sILV from his own pockets to reimburse people?

[azure tangle]

Hello there
How to start to play?

[merry mountain]

That’s what he said

[delicate igloo]

Before or after snap/annoucement is really the question. If you were even slightly connected to the project via all social media outlets, you would have seen the warnings.

[lofty knoll]

Yes and they will reimburse the LPs. This is not what we are talking about.

[manic cape]

i was going to buy the sILV for the land sales, can i still buy? and is the current sILV usable and valid. thank you

[pseudo flint]

will this discussion be held in its own thread ?

[lime veldt]

What happened to SILV?

[inner topaz]

My ETH

[sharp gust]

don't buy! please wait and check #📣〕announcements for more info on the current sILV.

[tired loom]

ummm I completely agree, I acknowledged that and said they handled it like grownups...

[hardy gust]

Great guy. When are you expecting to see the new sILV token go live? I had lot's of my liquidty in there @inner topaz

[cunning yoke]

where is pancy bot?

[wispy kindle]

Don't buy sILV, please check messages in #📣〕announcements

[inner topaz]

That isn't referring to anyone post announcement

[broken wasp]

man.. that is so f-ed up! sorry.. i hate scammer bitches!!

[wispy kindle]

Please don't buy sILV and read the messages in #📣〕announcements

[spare scroll]

This is what I proposed here. Dual snapshot would make more sense. #💬〕general message

[next barn]

I feel for you. I knew you were planning to ape into land sale.

[inner topaz]

After a rigorous audit. But really know idea right now. As soon as we can

[signal bear]

I’m PISSED because the team works SO GODDAM HARD and this bullshit is the last thing they needed to get thrown at them 😡

[wispy kindle]

Nothing I hate more in life than scammers 😡 🤬

[sterile fjord]

That move to mint made it nobody who bought after could sell, as well, and those people also get no v2 tokens. Other projects leave the liquidity alone and do a snapshot. Mostly because they can't mint token at will like IVL could

[verbal radish]

Silver lining, but I'm glad the exploiter did this now and not during land sales.

[merry mountain]

Actually that’s a good idea, this is a big enough incident to have it’s own channel/thread for ppl to follow up or reread

[inner topaz]

I'm sure I'll be able to buy a few plots still, don't worry about me. I just want to get this situation sorted so we can get back to building the game/s

[lofty knoll]

People really need to start taking responsibility for their trade tbh.

[sharp pebble]

Well technically it is not a scam. Or a hack for that matter. In the blockchain world the code is the contract. An exploitable mistake in the code is just like the fine print in a normal contract. If the code allows for minting sILV that is completely legal. Even if that was not the intention of the creator. That is the contract.

[magic slate]

Exactly this, if there was no unofficial pool, we would not know there was a vulnerability in the smart contract and would have been more disastrous, if this happened after the sale/game has launched.

[inner topaz]

I think that their plan was to wait but when they realised we found the exploit they decided to unload before we did what we did

[lime veldt]

But why shouldn't we buy in now? I don't understand

[lofty knoll]

Losing money in crypto was how you learned back then. People getting some money back now is just a nice touch.

[cyan anchor]

I still don’t even understand what happened. Will this effect the core pools at all? Or if a stake hadn’t been claimed in a month?

[hardy gust]

Okok, thanks. Will this mean, few days, weeks, months? Will land sale be delayed?

[twin turret]

That's the point. many have seen it only after they have bought. I think a good solution involves the entry price for people as well , if there is going to be any solution at all. I'm happy that I don't have to make that decision , and I'm happy I'm not Kieran right now :))

[inner topaz]

sILV will be deprecated and is therefore useless if you purchase now. We will be minting a new sILV v2 token

[onyx slate]

I need to sell my sILV and fix the loss for tax calculation. (In Japan)
I'm worried if I sell it now and get a new distribution.

[wispy kindle]

None of you stakes are in danger and if you bought sILV before the announcement you will be fine

[inner topaz]

I don't have these answers right now. I will make an announcement ASAP

[cinder wagon]

So good to a see leader more focused on making things right than nit picking. Granted... its the only real financially smart option. The man-power to weed out a few bad actors or precisely reimburse every penny would hurt them and the project infinitely more than blanket resolution.

[glad plover]

What happens if i buy sILV right now?

[signal bear]

Not VeVe’s $OMI as they are midst migrating from Go Chain to IMX ETH L2

[broken wasp]

yeah.. i f-ed up and bought some but i thought people were just panic selling over something dumb

[crimson matrix]

You buy a dead token then

[crude carbon]

I am so glad we have a very good founder. He thinks about others before his own success. We will trust you to fix this issue

[sterile fjord]

Usually, people can exit a bad position, whereas this position can't be exited. Usually, a trader can cut the loss at 20% etc. but here there was no exit liquidity and no chance for v2 tokens. People that are buying on the open market as we speak can't even cut losses, for example. Usually, if an exploit happens the liquidity is left alone. This is different because the team had the ability to mint coins at will.

[stiff dome]

ooouh shit, I haven't completely understand what happened but I'm really sorry for the project, I know this won't block it, too strong to be scratched by such a thing, but it is really a shame

I have to wait to buy sILV, right?

[worn eagle]

Taking into account 1) that since the launch of the sILV token there have been no sufficient announcements to indicate the risks related to the sILV pool 2) that the security breach in the pool contract is due to the Illuvium team 3) that the Illuvium team intentionally sold 100. 000.000 of sILV thus stealing 117.54634 ETH from the buyers at 20:25:13. 4) That it has been decided to refund 100% of the sILV holders based only on the fact that they read the announcement on Discord. I think we, the ones who bought after the announcement, are also entitled to a little compensation. Good night, see you tomorrow.

[wispy kindle]

You will throw your money down the drain. Read #📣〕announcements. Dont buy sILV!!!

[merry mountain]

I’ve been wondering how do you and the hackers know what’s going on on each other side ? Can you answer this or is it a privacy matter ?

[elder ocean]

quick question, I'm having my sILV by rewards from ETH-ILV staking. what my sILV value will be when the v2.0 released?

[lime veldt]

Dope. When?

[lean sigil]

just tell me ill be playing this game Q1, my god its been a long wait 😭

[next barn]

After seeing Kieran and team's reaction it has only made me more bullish on Iluvium long term. I just wish i had some eth to buy the ILV dip now.

[quick spindle]

sILV within the Illuvium ecosystem will always be pegged 1:1 with ILV in terms of price.

Pricing on the secondary market cannot be determined. It will be based on whatever the supply/demand for the token is at the time, if/when a liquidity pool is created for the V2 sILV.

[wispy kindle]

Value of V2 sILV will be the same as the old one 1:1 with ILV. What hapens in the side markets is the market's will

[wispy kindle]

Yes, don't buy sILV

[tiny cave]

My savings!!!! I’m over invested 😭😭😭

[spare scroll]

Gotcha, I’m 99.9% percent sure you will be able to solve this one to the satisfaction of most in the end. I think the issue is that you possibly misunderstood the question being asked, Ebeniste was clearly talking about those that “didn’t read” (the announcement) and bought silv unsuspectingly. But like I said, I’m sure you’ll find an optimal solution, like you have for the other issues you’ve had in the past.

[inner topaz]

I don’t. Just speculating based on their patterns

[merry mountain]

Just a reminder, in crypto world, you trade at YOUR OWN risk

[wispy kindle]

If you bought tour sILV before the announcement you will be fine

[inner topaz]

I don’t have an exact date yet

[sturdy sandal]

🙏🏻 Very generous. Thank you for helping us (tiny investors like me too).

I hope everything gets sorted out. Personally, this game looks very promising to me because the leaks make it look like a game I can play and grind (like Genshin) and at the same time, earning. Hope this situation gets resolved soon.

[inner topaz]

Are they though? Or is he saying what if we had it prior to the snapshot and then sold it while still making a profit

[sterile fjord]

@inner topaz was saying in interviews that there was a chance to arbitrage the difference between sILV and ILV, and now everyone is being told that they were taking advantage for trying to make the trade when it dipped more. I hope it doesn't come to light that the initial reason for the difference was the exploit in the first place, dating way back, which makes everyone buying $500 sILV while ILV was $1000 just as complicit in effectively buying fake coins off uniswap, especially if they listened to the many interviews where Kiernan pointed out the *opportunity

[hazy belfry]

"do not buy"annonuce is on discord, or twitter?

[signal bear]

Sorry you have repeat same questions especially under duress, but just want to express appreciation for how transparent you and the team ALWAYS are, no matter the obstacles 💪🏻

[lyric gorge]

Already some startingdates out?? We have now 2022?

[next barn]

Feel you. I sold over 200 axies and bought silv for all to participate in land sale

[sage falcon]

Im a bit confused by this idea that anyone was harmed by the pool being cleared out.

My understanding is that they minted 100,000,000 sILV and sold on the LP to 'rescue' the ETH of the liquidity providers. They will refund this ETH to the providers, protecting them from a total loss.

They made an announcement that the sILV token was compromised and would be restored from a snapshot. They advised to stop using the sILV pool immediately. The draining of the liquidity acted as a HUGE red flag for potential buyers to signal that there was something wrong and discourage people from buying without further investigating.

Can anyone explain how draining the pool caused more harm than not draining the pool?

The only other option I can think of would have been to simply allow the sILV minted by the exploit to be absorbed by the market and not restore with a new token from a snapshot. Is this what those who are opposed to the LP being drained would have preferred?

[wispy kindle]

I'm with you on this 100%. Situations like this is when you find out people's real character and what they are made of

[lime veldt]

Man this sucks, this really throws a wrench in the gears...

[minor delta]

Outside from an announcement or not, that’s the risk of buying any coin, let alone an independent LP that’s not approved by Illuvium.

[inner topaz]

I said someone would setup a pool for sILV long before I spoke about it in AMA’s

[fierce vine]

I’m 90% bacon. Fuck I realized I’m not immune to slow mode so I wasted 5 min of wait on a fucking bacon comment

[proven rain]

Thank you for handling this situation in the manor you are, @inner topaz You will never be able to please everyone when calamity strikes while you are leading an organization. But your patience and honesty are reaffirming.

[elder ocean]

I never thought, sILV can be bought on DEX at first tho. I thought the only way to acquire it is to staking LP on core pool

[hardy gust]

Same. I wanted those lands and also have some sILV go up in value before land sale. Now I'm a bit illiquid without knowing the launch date of new token. Which I thought this could never happen. I knew the risks of it going down in value but it'll always be pegged to ILV. So I think team needs to release token this week.

[merry mountain]

Just saying if, one day, when ILV is already as popular as Pokemon and I ran into you wherever it is, will you sign a picture of you that I have so I can frame it and put it in my living room so I have a story to tell my kids about a guy who led a team behind this franchise

[hollow swift]

Can someone help with this: if I want to buy sILV now for the land sale, does that mean there is no option left OR will there be any other way. I was staking for ILV because I though that I can simply buy sILV when it's close to land sale.

[tawny hound]

So if I had sILV before the announcement, even if I swapped for it, I will get a 2.0 token? That's all I care about lol.

[wispy kindle]

That's why we like you so much 🤤

[inner topaz]

You will 100% receive your V2 sILV prior to the land sale.

[quick spindle]

It can be found on both platforms 👍

[tiny cave]

This hack sucks and there will be a massive ilv token unlock in March 😭 fml why am I always exit liquidity

[pseudo flint]

SOOO much this!!!!

People like to blame the scammers , the official channels for being " hacked" and everyone else but themselves and there not vetting what they are doing properly , greed for getting a too good to be true deal and
jsut play misjudgment when signing contacts or connecting their wallet or give out Seed information!
not to mention By at your own risk and unofficial mean

[lyric gorge]

What happenes which hack? I need worried when I staked?

[quick spindle]

We are all awaiting the creation and distribution of the V2 sILV token to those who previously held the token in their wallet. Updates to come as the team is working to resolve this as fast as possible

Once that occurs, who knows what will happen exactly. People with tons of sILV at that point may end up creating another liquidity pool on a DEX like Uniswap again. But again, it's not official or endorsed by the Illuvium team.

[true folio]

wdym token unlock

[quick spindle]

Hey there! The team, preseed and seed tokens have been locked for 1 year, starting last March.

Here's a post explaining the unlock schedule 🙂
#💰〕token message

[magic slate]

Not adding to the clutter of discussions but I think the team should also look into how secure the minting of NFT Illuvials is going to be as well. Still very bullish on this project but now events like these should serve as wake up to triple check everything. Love what you guys do!

[signal bear]

https://tenor.com/view/pray-peace-world-peace-us-peace-we-the-people-gif-19954082

[hollow swift]

Thanks so much! One last question: Why can't we have an official sILV pool? Just trying to understand if there is an important reason not to do that?

[delicate igloo]

If you staked in ILV or have not recently bought sILV you are ok, no worries.

[pure fox]

morning

[sage falcon]

Yeah with all these, and if somehow the game is delayed beyond Q1, those tokens getting unlocked from March will do damage to the ILV price 😂

[tiny cave]

Hundred of millions dollars worth unlocked

[molten light]

Aaaahhh the latest character leaks!!! Fmllllll

[light nymph]

Wouldn't that just be in the favor of who ever is bullish to just invest further though?

[tawny hound]

I was thinking the same thing, why not just have an official sILV pool so people can buy and sell on.

[tired loom]

Frankly this is just selfish and greedy. People like myself who are well aware of risks, who understand crypto, who were not given a snapshot date, not given any direction, went to telegram and all you see is that a snapshot WILL occur, with no date, no time, no anything except a telegram running wild, should have the knowledge to know that the token was worthless? Its one thing to say the token will go down, its another thing to know that the team how to mint 100 million tokens to sell into the entire liquidity pool to front run a hacker who exploited the system. Your ideology is great for a trade that has gone parabolic and then dumps as people take profit. Its not great for those who tried to buy into a great project at a great price. Cut everyone some slack and stop being so selfish, THANK GOD you dont speak for the team or for the community or NOBODY would trust this project again. FORUTUNATELY the core team seems to be HONEST, LEGITIMATE, and CONCERENED for those who have lost thousands upon thousands of dollars today and has at least taken the time to acknowledge there should be some very serious thought that goes into this.

[lofty knoll]

Not on one day common. Its a daily vesting over 12 months

[lofty knoll]

Yes

Long term bullish cause more token per revdis period.

[elfin sparrow]

Is there a bug bounty program? I feel like this is essential in addition to previous audits and recent events prompting further reviews of security etc

[true folio]

should i buy some ILV? and hold it for when staking of the V2 is released? or just buy the V2 coin ??

[lilac eagle]

if you buy silv you not gonna get a x500 bonuse ?

[pseudo flint]

FYI on sILV is meant as a in game only coin. because its not official

** sILV was never meant to be traded its not "supposed" to be traded everything outside that happens is unofficial and not supported by the DAO.**

**Any place it is traded do at your own risk. silv has no official value outside the Illuvium ecosystem **

its simply a glorified gift card only originally mean to be a staking reward and an in game toke.

Anyone that bought Silv should have been aware of the risk .

the people they should be blaming are solely in the mirror when they look into one

[lofty knoll]

Only people trading after a -99% candle lost money. That's not the DAO's responsibility.

[next barn]

We are not saying people who bought silv should lose their money. But they can get refunded in eth value not hundreds of silv they bought for fraction of the original price. Its not fair for all the others.

[spare scroll]

What you are saying is technically true, there is no insurance for any of these transactions and Kieran is absorbing some of the losses himself out of generosity. But just because you can do something doesn’t mean you should. I believe it would be suboptimal to allow these buyers to experience losses, when the team could take some of the sILV away from the ppl trying to double dip (selling to get ETH and then getting reimbursed) and apportion it to the buyers instead.

[merry mountain]

We should add an “R” to the DAO so it could be “do at your own risk”

[signal bear]

Few teams are this transparent , I feel fine.

[tiny cave]

Look at how many are unlocked each month, at least 200 million dollars worth unlocked every month starting from March…… that’s 1/3 of current mcap…..

[quick spindle]

The way I understand it, and the way it has been presented from Day 1, is that sILV is designed to be a 2nd option for in-game currency and to reward those who stake in the protocol and want to be able to spend their rewards immediately in game.

Honestly, the official pool everyone is looking for is already created. It's the ILV/ETH pool only in order to sell your rewards in the official pool, you have to wait 12 months for your rewards to vest and then unlock 🙂

However, it has become apparent that people are looking to cut corners, so to speak, and "expedite" the process with sILV

[fierce vine]

I’ve seen so many orange replies super cool to see, good job mods.

[lofty knoll]

You underestimate the revdis buying power.

[molten light]

I want to own a deck of the those moving character cards!!!

@tired loom - What is everyone talking about? Who lost thousands of dollars?? How exactly does people lose money???

@merry mountain - I thought everything in the NFT works was "do at your own risk"...?

[light nymph]

Its a situation of tough love that many are going to have to learn the hard way or this type of situation will keep happening.

[agile tapir]

@wild zinc hey bud! If this is what you were trying to inform the co-founders about, I have to say mad props and thanks to you for identifying the exploit and getting it to their attention right away! Literally the unsung hero in this narrative.

[lofty knoll]

1 million player, 50$ each per day let's say. Plenty enough of buying power.

[tired loom]

Unfortunately, if you have ever used uniswap before, scam wicks and candles show up all the time, so when a hot pair shows up on uniswap for a project you think is great, to insinuate that this is common or you get what you trade is ridiculous. If there had been more information up publicly and some instant information dissemination, I would never have bought knowing the tokens were worthless, to insinuate that this should be chalked up to "dyor" is utterly ridiculous and is the stance of only someone who only cares about themselves. Why couldnt there have been a message stating "The Snap shot has occured, all tokens bought after (Insert time stamp) are worthless, posted EVERYWHERE?

[true folio]

yes do

[elfin sparrow]

The flaw was not trading on an illiquid market though. Accepting the risk of buying/selling sILV on an unofficial uniswap pool means accepting that the price may be illiquid and unfavourable to you.

However someone was able to exploit the illuvium staking contract and mint sILV for free. This should not be possible. So that damage should be reimbursed, as fairly as possible.

[deft ivy]

Why even having 2 tokens, can't ILV alone be used for land purchase and staking rewards, that way it would be much simpler?

On eth it's already expensive to do simple transaction, here we are talking about creating v2 of sILV and then somehow airdropping to addresses prior to announcement

[lofty knoll]

Sorry but if you traded the token just based on a hot token ticker and doing 0 research this is your responsibility once again.

[pseudo flint]

i think your response is selfish and lack personal responsibility . again you proved my point about blaming .

[merry mountain]

He said it MULTIPLE times already 🤦‍♂️ most people who follow ilv know he does trade silv himself

[tiny cave]

That’s speculation of there will be 1 million users, the game isn’t even out yet but 200 million+ dollars worth of tokens unlocked every month starting March isn’t speculation

[signal bear]

Guys, let’s be civil, and that’s comin from ME of all people. We’re all good 💪🏻🌟

[sage falcon]

So what? I did too. We all did. Come off that crap

[lofty knoll]

Sure, fud all you want.

[quartz warren]

https://tenor.com/view/liftoff-moon-rocket-blastoff-launch-gif-22437697

[quick spindle]

ILV is our governance token and not designed to be a "gaming currency" or spent in transactions. It gives DAO members access to governance and DeFi and in the long run, I think that positively impacts the token price when the "gaming currency" is a separate token 🙂

[lofty knoll]

There will be more than 1M player and there will be a lot of player spending or burning more than only 50$ per day lol

[restive fulcrum]

"Adversity reveals men!" I invested heavily b/c I believe in the Warwick brothers. Saw the news, didn't even flutter. They poured their heart & soul into ILV, the brothers WILL do the right thing. (Like we say in Australia, "relax, she'll be right mate". )

[lofty knoll]

I have zero doubt

[next barn]

let it dip a little. lot of people like me are waiting for that dump to buy more ilv.

[molten light]

It's that just level? Or rank from buying nfts or staking?

[light nymph]

Let them live within FUD. Just don't explain that there will be plenty of people who will take advantage of that mind set. I know I did plenty of times with other monster related games

[elfin sparrow]

I have no doubt either. I was just clarifying something someone else said 👍

[fierce vine]

Yeah orange or that slightly yellow one Rahlord and I think Materia have are mods and lead mod in that order

[wispy kindle]

Orange is for mods 😉 You sir are a Valain survivor can reach another rank by being more active 👍

[true folio]

how many ILV you got??

[agile tapir]

Ah Lori, your self awareness and humor is a hoot. Welcome break from this bickering and fud.

[spare scroll]

Ppl are just overreacting. I can’t get the part where people believed that the team was capable enough to deploy a massive blockchain game, but now is somehow going to struggle doing a refund when they have a snapshot prior to the hack, and literally a record of every single transaction… I don’t see how this thing will be an issue a month from now.

[sage falcon]

Only the strongest will survive. The sell offs from the unlock from March will test a lot of nerves. If we hit those numbers, those who remain will reap the early benefits before people fomo back in.

[lofty knoll]

Of course!

[pseudo flint]

https://tenor.com/view/lalaine-dawn-lalaine-dawn-tv-lalaine-just-this-this-gif-17195611

[lofty knoll]

I'm not touching my wallet lol

Just reaping massive revdis

[tired loom]

@inner topaz Could you please read through this members comments and let us know if this is a person you would like speaking for the community. I personally acknowledge the exceptional challenge in front of team, but members like this do not represent what I believe to be the values you are trying your best to exhibit and execute. I am sure Solar Storm is well intended but he has no clue what he is talking about.

[edgy kraken]

Is sILV still going to be used for Land Sale given the hack and price dump?

[lofty knoll]

Yes

[cunning crystal]

Wait has illuvium been fully released?

[quick spindle]

Yes, but it will be the V2 sILV token.
The token currently floating around out there is now defunct ❌

[stiff dome]

agree

[wispy kindle]

No sir, Q1 of this year

[quick spindle]

Not yet, Pigeon 🙂
Still expected Q1-- but likely in March.
Stay tuned for updates, of course!

[next barn]

0 now. i have everything in silv for land

[molten light]

Will that get rid of 5 min waiting timer I have for chat, this is crazy... Impossible to participate in a convo, stuff goes by so fast! 🤣

[prime citrus]

@compact stone silv fix wen

[upbeat plaza]

I just found this game…. Looks amazing. What are my first steps getting on this action. I see some staking?

[merry mountain]

I HOPE ILV will be delayed, unpopular opinion i know but I want it to actually take time and not rushed out. Q2 will be fine by me

[restive fulcrum]

Awesome.

[signal bear]

Here’s my hot take: many of us are invested. It’s a crypto/NFT project. I’ve lost TONS in other projects. Remove that layer of crypto investing, and what do you have left? A damn amazing dev team and AAA project AT LEAST!
Now, reapply a layer of crypto that is improving thru the crucible PRIOR to this amazing game I want to play even launches.
Yeah, im good. I just wish everyone chilled and let the team do what they are best at, and that includes revolutionary TOKENOMICS

[quick spindle]

Hey there-- have a look through the channels linked below and then I definitely recommend reading through the Whitepaper, if you haven't done so already which can be found on the website here: https://docs.illuvium.io/

Then feel free to come back to us with any particular questions you have!

You mentioned staking so feel free to head over to #🥩〕staking and scroll through the pinned messages as well, if that helps 🙂

[tidal garnet]

Welcome! Wondering where to get started and learn more? The #791148036935516161 section has all the information you need. From a brief overview to links that lead to highly detailed information. Also, be sure to check out these channels in the discord to stay up to date: #✍〕rules #📣〕announcements #❓〕faq #🚰〕leaks

[final plume]

It will probably be delayed with all the shit happening. Fine by me too

[wispy kindle]

If that was off it would be impossible to read messages. This way as you can see we can still interact. The 5 min is only for this channel at this specific time

[true folio]

so ishould just hold onto my ILV uuntil im able to stake mine for the V2?

[agile tapir]

The same as how you've shared your opinion Solar Storm's opinion is merely his own and will never be considered as speaking for the community. So, it's a wasted effort to try and raise this to the Co-founders' concern amidst the tumult of issues hounding them with the previous hacks and million other things surrounding the development of the game. Instead, I invite you to raise your concern about one person's comments/opinions to the mods or to Wendy | Illuvium the community manager.

[cold zealot]

Hi im new here, may i know public beta launch is Q1 2022? Or will it be delayed

[tired loom]

So, here is my question, and be honest, had I got to the telegram and read the telegram, with the entire chat telling us otherwise, would I have been made aware the tokens were worthless? Yes or No? Also would I have known the snapshot had already occured?

[surreal hearth]

Hello gm

[low ingot]

Just want to tell everybody working on the illuvium project thank you. Your hard work and knowledge is very much appreciated and noticed.

[pseudo flint]

Honetly i have the same opinion about you and your point of view YOU were the one to trade in unofficial token in an unofficial liquidity pool say what you will about me but really your the one that should be looking in the mirror and you proved it again with your last response. I have zero respect for you none.

[light nymph]

Agreed hissy fits here are only going to make things uglier than they already are if we are at one anothers throats. We will get no where. This also isn't the way you want to start rivalries anyways.

And welcome @cold zealot and @upbeat plaza

Edit: I'm being harsh cause life isn't full of free passes.

[wispy kindle]

Still expected to be Q1, if there are any changes it will be announced in #📣〕announcements

[restive fulcrum]

Yeah, if the news got out and ILV price unjustifiably dips too much due to FUD, I plan to buy more ILV. Vote of confidence, support the project. 💪

[lofty knoll]

If I see a -99% candle, its worthless. In what dimension is this a good buying opportunity.

[warm heath]

wo

[signal bear]

Some people live for drama

[merry mountain]

I’m new to this crypto thing, I started in July/Aug 2021 but I always keep what my friend told me in mind all the time “BE AWARE of EVERY decision you’re making”

[inner topaz]

Around 12% of the team tokens were locked for an additional 24 months + We have a plan to potentially buy out some of the pre-seed and seed investors before the unlocks further reducing pressure

[lofty knoll]

The timing of the snapshot was before the pool was nuked anyway. It doesnt impact anything that happened after. So knowing when the snapshot was taken would not have changed your intention to trade.

[slow tiger]

Hi any nft I can but? Sorry I’m new here

[sage falcon]

Dude, you made a bad trade. No one here made you buy. you fucked up, take responsibility for your own actions and move on.

[wispy kindle]

Hi, there will be no NFT pre sale. Open Beta Q1 this year

[tired loom]

But as I showed you earlier, at no point did anyone buy a single token at -99%, not to mention, you already admitted this was on the 1 minute candle, I genuinely mean this, lets have some civility and understanding. You genuinely believe that honest people who purchased their tokens to get in on the opportunity to join this community should be completely screwed over? And to you last comment, I bought it because I LOOKED AT THE PROJECT AND LIKED IT!!

[true folio]

should i wait to stake

[sage falcon]

I wholeheartedly support the buyout plan. Godspeed on that one!

[pseudo flint]

SILV is NOT part of the PROJECT to buy INTO what part of that do YOU NOT UNDERSTAND!!

IF you wantedto buy into the project staking in the OFFICAL way to do It

[wintry void]

Anyone know where/when we can register for the private beta?

[lofty knoll]

Not out yet.

[night tundra]

so much drama v2 gotta come out asap

[next barn]

even our guild is waiting for that eagerly.

[inner topaz]

I understand where you are coming from. I see both sides. I think the best thing to do is to let the council decide. That is the reason they are there in the first place. And, we also need to see what the damage would be if we were to reimburse at a later snapshot

[lofty knoll]

If the priced shown was higher than 0$ its because people bought into that price.

[trail abyss]

Ok let’s figure out the pathway so that I can play both games on the launch of PSVR2 😅

[signal bear]

Wow! @split lintel

[light nymph]

sILV never was meant to be publically traded its a in game currency. the only value of sILV is in the game.

Edit: Guess I have to be the 6th person to explain this

[inner topaz]

Yeah it's pretty crazy, Kain came up with it

Family lunches are finally paying off XD

[merry mountain]

Damn citizen Kain

[true folio]

when did you re stake them and is it safe to stake or should we wait for the V2? & people just want it to be publicly traded like SLP from axie

[wispy kindle]

Yes and you can't use sILV ingame to trade with or bet against other players!!! Limiting also the use as a currency (which ETH is)

[pseudo flint]

@inner topaz will this be an official IIP or jsut a discussion in a separate thread like you did when you released the land and V2 IIP?

[uncut elm]

Any idea how the scammers became aware you were on to them? And how early on did the fake tokens start getting minted? Still have confidence in the auditors?

[hollow rampart]

Will I get same amount of $sILV from the reimburse?

[half mulch]

anyone knows how much initial ammount to start when the game release?

[next barn]

If you reimburse, please dont reimburse in silv. do it in eth value. No one wants people buying the lands with their 1$ silv.

[stiff dome]

Love you all people, lets not fight, take the hands of your mates and look up, to the glorious Illuvinati
sing with the mouths of your hearts "don't worry 'bout a thing
'cause every little thing, gonna be all right"

sorry, I'm stoned, goodnight

[wispy kindle]

I Should invite my sisters for dinner more often 🤔

[lofty knoll]

About 28 days ago it started

[inner topaz]

It has to be in ETH, its for the liquidity providers that we drained

[merry mountain]

Can I complain about unfairness here ? Kieran has no timer, it’s not fair 😁

[night tundra]

will there be a delay in the v2 staking timeline because of these recent issues? and if so est how long of a delay?

[wispy kindle]

https://tenor.com/view/u-unlimited-power-star-wars-lightning-gif-14542323

[light nymph]

Thanks for the further explination. I'm still green to the whole idea of the cryptocurrencies I'm admittedly here mostly for just the gameplay Illuvium admittedly is my first time getting my feet wet.

[little flax]

I also want to stress that as brothers, we have eachothers backs.
Kieran has the sILV to cover the pre snapshot but no matter what Aaron and I will make sure to cover our 1/3.

None of us started this project to screw anyone over and we just want to get the best game out possible.

I know Kieran will do whatever it takes to keep the community positive

[tired loom]

Absolutely, and for the record, I have been completely confident the team would be clear about the result. I give you tremendous credit and 100% understand the position you are in. I will eat a loss, wont be the first or last, I only wish the information had been more clear that the snapshot had occurred and the tokens were worthless. Hindsight, sure, but it still really really sucks for some of us. Thanks for hearing us out. Ill bow out for now. As for Rahlord, have some decency and at least understand that nobody is sitting here yelling scam or making threats. I have only tried to engage civilly and its pretty ridiculous the lead mod is sitting there trying to make me look dumb for trying to explain my side of things.

[final plume]

This is probably a nightmare for the Warwicks lol I wish y'all the best

[split lintel]

Its an awesome plan. I mean if you believe in the project and have the means to invest even more. I don't see any reason not to you know. Illuvium probably makes up like 70% of my folio now and keeps growing

[true folio]

so dont stake rn?

[sage falcon]

Should there still be an unofficial pool for silv after this fiasco? What about having an official pool created by the DAO and tradable only on illuvidex?

[winter imp]

Illuvium could create an official sILV pool and charge a tax in exchange for reducing gas fees and providing security to traders

[spare scroll]

I honestly don’t see how the liquidity Pool caused this particular problem or how having an “official” Pool would have made any difference in this case

[pseudo flint]

@inner topaz did you see my question ? #💬〕general message

[rocky dock]

Okay so what happens now? I had 23 sILV in my wallet since a few weeks. Will I still be able to buy land with them?

[little flax]

It's just a shit feeling seeing the community get hit over bullshit like this but I can assure you it's times like this where Kieran goes beast mode

[final anvil]

Imo buying sILV is no walk in the park.

It technically was only supposed to be an in-game currency linked to ILV.
So no official pool makes sense.

[wispy kindle]

You will be ok. New v2 sILV tokens wil be sent to you to replace the old ones and this will be before land sale

[merry mountain]

Hot damn, not many people embrace this kind of adversity

Most go b1tch mode

[weary spruce]

LFGoooooo

[wispy kindle]

We have seen it right now first hand

[sage monolith]

Good to know. Thank you. What do I have to do to receive the new ones?

[quick spindle]

Yeah, I can see where you are coming from here. And I don't think ANY of us believe honest people who purchased their tokens just to get in on the project should be completely screwed over. It is hard to decipher that small group among the rest who played the buy/sell game during that crash.

Innocents caught in the crossfire, if you will 😔

We will see what proposal comes of this and yeah, it will be put forth to the council to deliberate on

[tropic moss]

what does that mean, do i get reimbursed

[true folio]

i just bought ILV should i stake it?

[tiny cave]

Imagine if this happened during an esports tournament. Ahhhhhhhh

[broken wasp]

Get em guys! 🙂 we all believe in you! ❤️

[tired loom]

Cheers. I appreciate the response

[lofty knoll]

It was not my intention to make you look dumb. You can explain your side of things as well. I'm just answering with my opinion. My role doesnt change anything. Been here all day telling people to not buy and not sell. We even started saying to not buy before the team nuked the pool. I understand you lost money, everyone does at one point in crypto even me. If you are refunded, great i'll be happy for you. I'm just here to protect the DAO. I do not speak for the team. They will take their decision and the DAO will take the final one. If I was on council I wouldnt reimburse traders after the nuke. This is a slippery slope that leads to everyone asking for money everytime they fuck up a trade. Please understand our side too.

[wispy kindle]

A snapshot has been taken and if you had those sILV before today's announcement you just need to wait for the new tokens to be droped in your wallet

[tropic raven]

Are we still gonna get to play the game Q1?

[calm juniper]

Hello, Is this a scam?

Congratulations, ChillOne 🏆

You have been randomly selected in the Giveaway among users of Illuvium. We are a fast-growing crypto project which offers the best conditions to hold or trade your Crypto!

To attract new users we have made a giveaway with 200 prizes cost almost 25 BTC!

🔥 You WON: 0.194 BTC + bonus! 🔥

[fallow bane]

Any idea how long will that b

[lofty knoll]

Scam

[wispy kindle]

If you had your sILV before the announcement, you will be ok

[wispy kindle]

Don't know yet....team is working on it....so as fast as humanly posible 😉

[spare scroll]

what is your rationale for reimbursing people that sold sILV after the announcement (allowing them to double dip), but not the people that bought?

[quick spindle]

If you still have that message in your DMs, please take a screenshot and post it in #🚨❗〕report-scammers along with the full Discord ID so we can get them banned 🔨

[merry mountain]

No, beast mode mean he doesn’t give a shit and ignore everyone /s

[lofty knoll]

They dont get anything either. Traders = buyers and sellers.

[final plume]

/s

[naive lantern]

full pusishment, send them to jail and ostracize from society

[inner topaz]

That would have made this situation worse, and we honestly don't want to encourage trading of sILV outside of the Illuvium universe. But - we are all apes, so what can you do

[charred arch]

Are we having a new contract for $sILV?

[signal bear]

You’d have a choice between sILV and ILV reward so it wouldn’t matter

[sage falcon]

Agreed. Another source of revenue for the DAO. @gleaming ridge the token is important for the illuvium ecosystem; I don’t think we should have a “trade silv at one’s own risk” model. If feasible , the DAO could manage the token’s operation in its entirety and charge for trades made via illuvidex

[rocky dock]

Okay thanks! 💎🤲🏼

[small dust]

What will be the value of new silv? And can it be traded on uniswap like the old one?

[lofty knoll]

1 ILV

[winter imp]

idk I just mentioned it as an idea, but it may not be as straightforward as I had thought.

[inner topaz]

I think at this stage it definitely grants a proposal, there has certainly been enough debate, and it is why we have the council in the first place

[tiny cave]

It’s more about losing the trust of the general public. Many gamers are already anti crypto because of their graphic cards shortage

[wispy kindle]

Value of sILV will always be 1:1 with ILV side markets do what they will

[tropic raven]

Illuvium is still a go at Q1 or na?

[tired loom]

All I have done is acknowledge that. I have said I understand how difficult and touchy all of this is.

[hardy gust]

@inner topaz I indeed was over-invested on sILV, it was pretty logical that a buying pressure will form when it’s close to land sale. I’m kinda illiquid and still need to do other investments. Need to see if I sell other assets or no. In approximately how many days will sILV v2 go live?

[split lintel]

There's no way to prevent an unofficial pool. They can however make an official one

[wispy kindle]

Crypto is not the only reason for the GPU shortage

[tough oxide]

What’s new here ? Can somebody tell me

[azure narwhal]

This is wild reading the convo

[pseudo flint]

I am behind you your brothers and the team 100% I just hate to see others throw you under the buss and am very -passionate about the dao illuvium . I will defend this as a whole as much as I can. And always try top help the community as a whole out

[inner topaz]

I understand, and you've asked in a round about way like 8 times now, I honestly don't know right now. Once we release the post mortem I can give you an estimation

[glossy imp]

will silv be forked?

[wispy kindle]

Long day!!! Check messages in #📣〕announcements

[spare scroll]

So you are in favor of just burning all the sILV traded after the snapshot? Why is that a better option than apportioning it proportionally among buyers/sellers? I mean the obvious downside is that it would take a bit more time to program the second solution, but if you get it right, it could save you a lot of bad blood…

[merry mountain]

While you’re technically correct but bro, it happened in every game, hacking/exploiting will always be there so what’re you trying to say? I don’t understand

[wide gull]

@inner topaz @plain delta @little flax Most of us are firm believers that this will be sorted out as fair as possible and that a month from now this will be a small bump in the road.
Your transparency and passion shows consistently through your words and actions. This further strengthens our faith and desire to remain strong with the Illuvium team. Thanks for your hard work and know that we still believe in you all and the Illuvium project.

[inner topaz]

We're discussing it now. Will update soon. If so the new contract will be up sooner than expected

[charred arch]

Are we having a new contract for $sILV?
What will happen to the old $sILV?

[light nymph]

I think its more gamers are tired of already wealthy gaming studios using NFT's just to tease more money out of their consumers. When they are already make billions. That tick off gamers more.

[sage falcon]

Would be a good idea to add pausability to sILV v2

[signal bear]

We need a Moz4rt response

[clear dew]

we just have to fork the ethereum chain like we used to do back in the dao days 😉 easy fix!! haha

[small dust]

Also will the new silv be tradeable on uniswap? @lofty knoll

[quick spindle]

The recent pinned messages in this channel may help as well 📌

[lofty knoll]

If you traded ETH after it went to 0 would you ask Vitalik for a refund? Everyone wants decentralization until they lose money. People caught in the fire today are lucky to have this team.

[final plume]

Now I can't go to sleep, I don't wanna miss the silv boat 😂

Edit: nice, time to sleep

[inner topaz]

Oh I definitely don't mean that soon

[thorn tendon]

GM boys!

[tiny cave]

You know they did roll back the chain…. That’s why there’s eth classic……….. so there was a refund in eth

[merry mountain]

He knew he just wouldn’t sleep for a few weeks

[upbeat plaza]

Feels like I missed a lot 👀

[summer shell]

lol let's call the sILV V2: sILVC (sILV classic) 💩

[wispy kindle]

Read #📣〕announcements and check pinned 📌 messages

[lean sigil]

I think I'm cursed, I finally find a project that has everything I'm looking for. I literally told the wife last night the only thing that can stop illuvium is a hack.... and bam ! next day this shit hits.... at least it wasn't a project ending hack...

[wooden whale]

Since we're writing a new contract can we just make the jump to calling it sILVer. Biggest mistake of the team so far

[spare scroll]

My point is that just because you can do something, doesn’t mean you should. I would benefit myself if all that sILv is actually burned, but that would also leave everyone that traded after the snapshot really mad… I see no reason to burn all that silv just because “they can” or because people were doing risky trades, when there is an alternative that would keep most ppl happier and would keep the same amount of circulating sILV we had at the snapshot. Seems like a no brainer to me.

[hardy gust]

Yup. Insane team, but the exploit could’ve been prevented.

[quick spindle]

Not even close to project ending 😉
Emotion might be running high right now (although things have calmed down a bit) but we'll all be stronger for it.

You've stumbled upon a great project, my friend! Glad you're here

[signal bear]

I don’t want to tag the team, but VeVe is migrating their $OMI token from Go Chain to Immutable IMX L2, would this be similar especially since Illuvium will be on Immutable?

[charred arch]

Dang! I just bought the dip to add $sILV. Now I'm f*ckd up. LOL.

[wispy kindle]

I like the way you think ser, taking out my notes 📝

[agile tapir]

Nah not so much. Just an exploit, sILV minting being paused, Nuking LP in uniswap, bickering and fud in the community. Just your typical crypto day.

[inner topaz]

I was going to make a joke to try and lighten my mood but then realised that it could actually happen and I will not be the person who puts it into the universe

[inner topaz]

IYKYK

[lofty knoll]

They bought into a 100 000 000 instant supply. There is nothing to burn that token is just dead and worthless since the team sold.

[lofty knoll]

Indeed.

[gentle mesa]

wish i got paid today so i could buy more ILV on a discount after all this cause i got a feeling it wont be this low ever again

[sage falcon]

Man I’m reading the minting logic and can’t figure out how they exploited it lol. Looking forward to reading the post mortem. Gn chads

[tropic moss]

i dont know when announcement was but i bought after the 100,000,000 dump

[minor delta]

LFG!! 🔥

[spare scroll]

Maybe the problem is that I’m not completely understanding the issue, so if you went to the pool and you bought sILV for $200, who is getting the ETH you are paying?

[wide gull]

Shoutout to Fudzy on Twitter for discovering this hackers wallets and bringing this situation to light (thus initiating the first steps towards stopping the attack). He even listed the 9 wallets that the hacker used to sell off the sILV. For those interested in the details you can see his original post on Twitter. (I have logged the 9 addresses also in case his tweet gets deleted for any reason). Thanks @minor delta for posting this earlier.

[inner topaz]

There will be a few bounties paid out thats for sure

[grim quarry]

sILVer Fox coin is really gonna get some traction

[fluid star]

is it possible to see other player in the same place when you are finding illuvials?

[wispy kindle]

Will have to wait for the official Snap Shot, but didn't you find the 100,000,000 dump fishy, why would you buy after seeing this??

[small dust]

Will the new sIlv Be tradeable on uniswap?

I'm editing cause slow mode.

Will there be an official trade portal by ilv for silv to ilv? Or will the only way to get it off legitimately be to buy in ilv marketplace?

Also if the pool isn't supported by ilv then I assume should something similar happen in the future there won't be a rescue since we have been warned

[weak harness]

I started a new crypto and named it CowCoin

It uses proof-of-steak

[wispy kindle]

Can't really prevent side markets to be formed if there is demand for the token

[hardy gust]

What a great team we have here, honestly huge props to everyone. Really sad that the exploit happened and I had lot's invested but huge props to the team.

[inner topaz]

My educated guess is yes. But it will not be supported by Illuvium.

[tiny cave]

Oh it can go much lower, this is crypto my friends. Don’t be the exit liquidity

[tropic moss]

[gentle mesa]

and if it does im spending next months lunch money on it 😉

[merry mountain]

Damn ,Fudzy the Hero we needed

[wide gull]

If the initial whales supplying the pool are clever, they'll just price it in around $500-700 and then all is well, almost like it never happened...

[signal bear]

Why not put sILV on IMX? Like VeVe is migrating $OMI from Go Chain to IMX ATM

[proven rain]

Big brain play.

[inner topaz]

We aren't ruling it out

[lime night]

if we get silv at sushiswap, can we use it for the landsale?

[inner topaz]

Again, I cannot be certain, but I would say this is fairly likely

[lofty knoll]

The current sILV is useless right now. Don't buy it from any source.

[merry mountain]

Kakashi will be proud

[final plume]

With the FUD it's hard to predict the price. I don't know if it will be close to the ATH lol

[merry mountain]

Just to make sure I understand this correctly, so these guys (exploiters) have been manipulated the price of silv for a while ?

[feral kindle]

what's up guys!!!

[tiny cave]

It’s crypto…..

[wide gull]

That's true, we could say maybe it would be like 50-70% of ILV price once the staking pool would be initiated. Depends on if they would decide on percentage based (in relation to amount of ETH to be staked) or a fair price based to replace the value of sILV at the time the pool dropped. Smarter brains than me would be the ones to initiate and figure out all the details.

[teal relic]

Any point in keeping sILV now? Or should I just dump it while it's still worth a measly 2$... 200k down to 4k...

[vapid merlin]

So we holders will have the airdrop tokens of silv v2?

[sage falcon]

Definitely HOLD until team works out best solution

[tiny cave]

We need land sales to pump and then we can dump

[spare scroll]

I wouldn’t do this, there is a chance you might not get refunded if you dump at some point after the snapshot. We’ve been told to not buy/sell multiple times in the chat.

[final plume]

I'm kinda sad I sold just before the announcement. I thought the price would simply drop a bit until the guy sold his stuff. But right after, the announcement happened. Now, the price has a big risk of starting higher than I sold

[young prawn]

Do you guys have a good comunity? I will believe it only if some of you is brave enought or strong enougt to take my CHESS challange! https://lichess.org/3RmQExSB

[wide gull]

Could also be lower. ILV is a bit lower at the moment. Currently the answer is: who knows?

[fallen sequoia]

well, it looks like the massive dip i bought was a lie. tripple checked the contract address and was pretty excited about it. does everyone check twitter and discord before every transaction?

[haughty osprey]

if it plummeted yeah

[weak harness]

If it is too good to be true.. Yes

[sage falcon]

You do know there are tiny micro-caps altcoins to pump and dump. This project really isn’t a good candidate for that. You need to up your degen skills mate lol

[forest warren]

I had an auto-buy triggered when open my laptop couple hours ago, and though "what the hell is that" checked and sold and lost 400$... XD Always have a look at discord, especially with the transparency of this team 😉

[rough hamlet]

I always do when there is a too good to be true deal

[sage falcon]

Don’t forget the ETH you used to swap with has “real value”

Likely you’ll get the ETH value in sILV or ILV once they set a fair average price.

We’ll likely not get the “amazing” deal we thought we were getting.

I’m speculating it will be the average price of the last month - to make it fair. So around $400 is what I’m tipping.

Of course this is just speculation - no facts in my theories- probably just wishful thinking from somebody that pumped in 12 ETH immediately after the first dip to $380

[spare scroll]

I’m going to speculate: there appears to be an inverse correlation between the expected number of days until the land sale and the market price of sILV. I would think today’s events probably push the land sale until at least February (just a guess) … so not clear that we are closer to the land sale than we thought we were 2 days ago… you could see sILV dipping due to that, and/or ILV dipping as other ppl have mentioned…

[tiny cave]

Even btc is a pump n dump 😂

[small dust]

Is there a legitimate founder backed way to convert silv to ilv/eth? Like trading on their marketplace or buying an nft for silv and selling for ilv/eth?

[final plume]

I guess we don't know. I don't want to "pray for low value" as it would mean some people are losing value. I guess I will make an informed decision in due time.

[eternal pelican]

Wait hold up, so when is the snapshot taken

[wispy kindle]

!silv

[tidal garnet]

sILV is a substitute currency that can only be gained as yield when staking ILV. In game, it can be used to pay for any fee (excluding IlluviDEX trades and Leviathan Arena wagers) that otherwise would be paid for with the main currency ETH. The value of sILV in the game - and for possible sales where sILV is allowed - will be equal to the value of ILV.

While claimed staking rewards in the form of ILV are locked for 12 months, sILV offers the opportunity to liquidate your staking rewards immediately. The tradeoff for that is that sILV only can be used in-game and does not provide compounding in any form.

[hazy walrus]

anyone have info on when the land sale will be?

[wispy kindle]

Specific time not yet announced but should be a bit after the announcement

[weak harness]

I can guarantee with absolute certainty that it is NOT this week

[merry mountain]

I don’t on EVERY dip but I always ask around first, friends help out a lot in this case

[wide gull]

1. To my understanding of what has been discussed so far, is that potentially the recovered ETH would go to those who had been supplying liquidity to the uniswap pool and that sILV 2 (replacement for sILV) would go to those who had been holding sILV before the snapshot. (this is all undecided and all up for discussion by the eDAO)

2. sILV 2 will still hold the same in-game value and benefits of sILV in that it will be pegged 1:1 to ILV in regards to land sale, illuvitars, etc

3. The market price for sILV 2 is in no way determined by Illuvium devs. Instead the starting price would be determined by the initial whales creating the pool, if and when a sILV 2 pool would be created.

[wispy kindle]

Supposed to be this month, but after recent events we don't know. Waiting for official announcement

[sage falcon]

Yeah but the real degen OGs chase the 10x - 15x within a short timeframe. BTC and other similar projects don’t have that allure. And they definitely won’t be here wishing on land sale pump

[small dust]

So in essence this means that if i have silv then I can buy in game asset pegged to the value of 1 ilv and then inturn sell that for eth.

[burnt estuary]

is this game free and can earn aswell?

[hushed wagon]

Why are you sad you sold? What have I missed in terms of the announcement

[wispy kindle]

Yes sir, the value of sILV has always been 1:1 with ILV. The price of tokens on side markets outside the control of this DAO is determined by offer and demand

[final plume]

Dm

[sage crater]

Just posted my 6 week journey! Would appreciate some like/comments to get the community going 🙏📈

https://m.youtube.com/watch?v=D_UFmvRQKJ4

[summer dagger]

Must be really lucky for those who just get cheap sILV before the snap shot and then sold after the snap shot, furthermore get reimbursement for the sILV sold, fuh, straight 100% profit

[spare scroll]

We just had an exploit involving sILV today, and a new “V2 sILV” will be issued to replace it, so you cannot get any silv from staking and should not buy any sILV from an exchange for now

[weak harness]

DO NOT BUY OR SELL sILV FOR NOW.
THERE ARE CURRENTLY PROBLEMS THAT THE DEV TEAM ARE FIXING

[wispy kindle]

!f2p

[tidal garnet]

You begin our game with a free-to-play experience that immerses you in our richly-detailed world, lets you enjoy some action, and helps you understand how the game works. The free-to-play experience of the Tier 0 regions will familiarize you with Illuvium, and won’t feel like an “abridged” version of the game. It is a full-fledged gameplay experience! If you like it, you can then decide to opt in to the paid experience, start collecting NFTs from higher tiered regions, and delve into deeper adventures to explore the mysteries of the game where the NFTs you gather start to hold more value as well.

Just after game launch, when everyone starts fresh, you might even be able to sell free Tier 0 NFTs on the IlluviDEX for ETH, but there is no guarantee for that.

[final anvil]

No reason to compensate anyone after the dump.

[quick dagger]

Gm

[light nymph]

For future reference you should post this type of stuff in the #🎨〕community-content The mods are less likely to give you the look.

EDIT: In no shape or form do I speak for the community here or am a mod I simply try to keep this place clean and follow the rules.

[small dust]

Yes I got that, I'm planning my exit strategy from silv without losing much value since I got to know today that the side market wasn't backed by the founders and I assume that after this event, a future event like this will probably not be reimbursed by the founders since the unofficial pool isnt backed by them

[craggy crane]

should i buy silv? haha

[wide gull]

My assumption is that they will check the wallets to make sure that the sILV is still held from those to be re-imbursed who held sILV before the snapshot. That's why they are telling people not to sell their sILV also.

[sage falcon]

If you check the announcements don't buy wait for the new contract

#📣〕announcements message

[sage crater]

Thank you and my apologies. I was looking for this tab 🙏

[spare scroll]

I’m going to guess that if something like this happens again, there would be some form of rollback to an earlier snapshot again… the problem was not the exchange, but rather a token exploit, even if there wasn’t a liquidity Pool, they’d probably have to roll back to a point before the exploit occurred… but that’s just me speculating 🙂

[wispy kindle]

Yeah .....well in my opinion the ppl that get covered by the snapshot and knowingly sold after for extra profit at the expense of other ppl loosing money should not get anything. But the world is not perfect and human greed is always there. Let's get more info and data and I know the team and the council will make the best decision for the community

[desert magnet]

Can i buy SILV right now??!

[pure fox]

Lol

[thorn geode]

Keep grinding and dnt give up

[wispy kindle]

NO please don't buy or sell sILV, read #📣〕announcements and pinned 📌 messages

[final plume]

I dont know if it will possible to know who did that, that's the problem.

[elfin sparrow]

How does selling sILV after it has gone to 0 = profit?

[late cypress]

Did you have played the game?

[wispy kindle]

Correct you are sir, and that's the problem. But as I said before let's see what data is available, take action and move forward (only way to go)

[light nymph]

If you buy from the unsupported sILV pool there is no garentee you will recieve anything at this point. May as well be lighting your funds on fire at this point if you do.

Edit: Unsupported sILV is not going to be added to in game.

So seriously just wait for further updates from the admins.

[winter hinge]

I really really hope this is the case, but I think they'll end up covering those who sold as well...

[wispy kindle]

People sold before It hit 0

[lime veldt]

So who stole the money. I'm confused.

[warm gust]

I just want to say I know this situation sucks but I have been impressed by the leadership of the brothers. @inner topaz @plain delta@little flax . As someone who has been vocal when I have been less impressed, I have to say I appreciate you guys getting in front of this and communicating fairly with the community. I also have to say @lofty knoll I do appreciate what you do. Again, you are a guy that is good to have on their side when needed and I appreciate you having the team's back at a time like this. I'll await the official announcement and only ask that we get time to comment on the proposal once it is put in writing, though of course the final decision is out of my hands.

[elfin sparrow]

That’s more like cutting their losses than profiting off other people. The only person profiting from doing that was the exploiter.

Eg if I saw this happen in real time and decided to sell my sILV at a slight loss to prevent complete loss then I wouldn’t have been acting maliciously.

Obviously it will work out better to just hold and let the team sort it out and make people whole. But I don’t think people cutting their losses are being greedy?

Anyway the team has handled this very well in terms of a swift response, clear communication, and having the communities best interests at heart.

[wispy kindle]

Yeah Let's just wait and see. I trust the judgment of the team and the council

[cedar sparrow]

Hello peeps, can someone point me in the right direction to start reading what the hell happened with sILV ?

[desert magnet]

So it didnt really explain why SILV cant be purchased. Is it just due to fairness of people already holding? Im just curious

[lofty knoll]

No the problem is people selling after the team nuked the pool. Because they sell into people buying into a now worthless token

[lime veldt]

Right..

[mossy grove]

Lets as a Community let @humble wave know our appreciation for all the service and assistance he has given us all! Every Little Helps! 🔥

[wide gull]

read here: #💬〕general message

[rocky dock]

i really gotta say that the community here at Illuvium is far away from toxic! Crazy to see the good vibes while these bad moments! Thats something what amazes me and makes me even more bullish about Illuvium!! LFG

[light nymph]

It was revealed someone was exploiting the in game sILV and the co owers/founders took action to prevent any imbalance to the economy and prevent a crash like today. Occuring right before the land sale so to prevent that they halted coins value in order to weed out the "hackers" who were taking advantage of the system. Unfortunately many did not see the #📣〕announcements and post snapshot bought into a then dead coin. And most of the current chat is talking here about the fallout and how the co founders/owners are dealing with the issue. In a professional and fast manner.

Edit: This is TDLR without getting itno the drama summary. I'd be here till 2 AM CST if I fully explained this situation.

[final plume]

Why Arash suddenly lol

[elfin sparrow]

True. They are still probably selling at a massive loss though. Doesn’t really seem that malicious to me. I guess that’s the seller’s responsibility though for not having the foresight to hold until the team implements a solution, and it’s the buyer’s responsibility for not checking why the value had gone to 0 and what the situation is before aping in.

If people were trying to earn a refund and sell then that is bad and they don’t deserve to be rewarded of course.

[wispy kindle]

That is absolutely correct if you didn't see the #📣〕announcements and started selling to save your self. I'm taking about some actors that knew actions were going to be taken after the announcement, were going to be somehow covered for those sILVs and still decided to make an extra profit on the back off misinformed people. But of you don't see it like this let's agree to desagree

[cedar sparrow]

Its safe however to buy ILV token though? Not the sILV.

[hollow hatch]

we lost 300 people in disc because of this

[wispy kindle]

@humble wave is awesome, a bot and scammer banning machine!!!

[wide gull]

Just check out the pinned messages in #💬〕general #📣〕announcements . Yes still safe to buy ILV. Just know that staking is temporarily on hold until staking V2 is released.

[spare scroll]

I guess we will never recover from this … only have 247,000 now

[sage falcon]

It started taking off here: #💬〕general message

[wispy kindle]

Yes sir, the problem was with the fraudulent minting of sILV. ILV listed in official DEXs are fine

[mossy grove]

ngl just a long time coming

he was also really helpful when this all went down and went to sleep at like 3am resolving stuff!

he deserves some love and appreciation and $5 from a few people can add up to a decent gift tbh which i think he deserves!

[lofty knoll]

Thats the current issue. People selling after the fact now want their original token as well.

[merry mountain]

[final plume]

Ahaha okay I was curious as it was so sudden, even if he didn't comment for a while. But you are right, mods here do a wonderful job and do deserve some love

[elfin sparrow]

Got it. In that case I agree with you both 👍

[cedar sparrow]

Thank you! Hope this gets sorted soon.

[light nymph]

Yes it should be safe to invest in ILVY

sILV is a in game currency that wasn't intended to be sold live market if I'm grasping it correctly. It was intended as a reward for I believe staking. (TDLR a form of long term investment towards the game.) At least this is what I'm gathering after reading so much about this process.

A mod or admin or one of the Polemos guild can correct me if I'm wrong on the second bit. Its getting late. and I need sleep.

[final plume]

I'm sorry I laughed at "or one of the polemos" they are so everywhere, they do look like official source of info 😂

[devout surge]

Hello guys, quick question. When has the snapshot been taken? I didn't see the announcement and bought 30 Silv ranging between 200$ to 50$ 6 to 7 hours ago

[wispy kindle]

Because after the announcement it got nuked by the team and it's going to be replaced by a V2 sILV so if you buy it it's worthles and if you sell it, the person buying it will get screwed

[spare scroll]

They haven’t said when it was taken yet, but considering those prices you are mentioning, you are unlikely to have purchased before the snapshot(at least the ones you bought for $60)

[wide gull]

Phew, what an eventful day. I'm headed to bed. See you all tomorrow at the same Illuvi-time on the same Illuvi-channel.

Advice of the day. DON'T PANIC. Stay calm and know that the DAO will do their best to sort this in the most fair way possible.

Goodnight all!

[light nymph]

No hard feelings. 🐇

I'm simply trying to help others keep this confusing stuff together at somepoint we should get the experts in the community to draft up a FQA to put on the illuvium tab so we don't all have to keep re-explaining everything XD.

[round fulcrum]

I think this should be the way to go even if we have to wait longer

[west thicket]

will land sale delay because of this?

[obtuse patrol]

All I know is, boys I was hodling before and I hodl now. I absolutely love how Kieran has responded to all of this and if anything it somehow managed to make me more bullish. You can't control reality, all you can do is control your reaction to it, and Kieran had done a PHENOMENAL job with his decision making. I never expected him to pay out people with his own earnings, to me that's going above and beyond and it's a very very good sign. All in all, I feel even more confident I chose the right place for a long term investment.

[lofty knoll]

Yes

[wispy kindle]

It's also getting pretty late on my side of the planet and I have a very early day tomorrow. Be safe, love you all. Live long and prosper 🖖

[minor delta]

Anyone still unsure what is going on should def check the pins first.
But if you also would like a quick video recap of today's sILV hack, then check out Vetemor's TLDR from chat
https://www.youtube.com/watch?v=IoRwKxAGWL8

[cold timber]

why not sending a e-mail to everyone that registered there e-mail on the illuvium website to warn people when there is a problem, i would have seen it instead of wasting my money

[coarse isle]

why can´t I claim my rewards?

[austere musk]

Good morning guys, how is it going?

[clear dew]

I don't really want to rub salt in the wound, but honestly when it was discovered that someone had minted a large amount of sILV (hence the disabling of minting), why wasn't more action taken then? It seems completely obvious (and not just with the power of hindsight) that the illegitimate sILV would be dumped on the uniswap pool.

[lofty knoll]

*** Be wary of scammers contacting you through dms saying they will help you in whatever fashion with your sILV. No one from the team will contact you concerning your sILV. Make sure to check official #📣〕announcements and report any scammers in #🚨❗〕report-scammers so we can smack em.*** This shit is coming I can smell it already.

[light nymph]

The idea was not to tip them off I think. The same concept that major country powers do. When dealing with finacial corrupt powers. Is you want to mitagate the long term effects not just the short term.

[verbal spindle]

hi im kinda new, just wondering if escrowed illuvium and normal one are related or something

[blissful zodiac]

Hi guys how’s it going

[ivory tartan]

Did they fix the hack ?? I’m scared

[obtuse patrol]

Escrowed (being sILV) is now a useless token until a hack gets sorted. Don't buy sILV. ILV however is perfectly safe.

@ivory tartan don't be scared man. Won't even affect you if you didn't buy the crash or try to sell the crash.

[summer dagger]

No, they didnt, they nuke it 🤣

[hollow hatch]

Diamond hand baby

[light nymph]

More like shoved a giant iceberg and iced the mess.

[desert magnet]

I see thank you for the clarification!

[merry mountain]

Cult?

[inner topaz]

$tip @humble wave 0.2 ILV

[bitter gyro]

@inner topaz sent @humble wave 0.200000 ILV (≈ $196.75).

[coarse isle]

cannot estimate gas; transaction may fail or may require manual gas limit (error={"code":-32603,"message":"execution reverted: insufficient privileges (ROLE_TOKEN_CREATOR required)","data":{"originalError":{"code":3,"data":"0x08c379a000000000000000000000000000000000000000000000000000000000000000200000000000000000000000000000000000000000000000000000000000000035696e73756666696369656e742070726976696c656765732028524f4c455f544f4b454e5f43524541544f52207265717569726564290000000000000000000000","message":"execution reverted: insufficient privileges (ROLE_TOKEN_CREATOR required)"}}}, method="estimateGas", transaction={"from":"0x9543746e414926D1695eC001BC7B76277895490f","to":"0x8B4d8443a0229349A9892D4F7CbE89eF5f843F72","data":"0x51c547f80000000000000000000000000000000000000000000000000000000000000000","accessList":null}, code=UNPREDICTABLE_GAS_LIMIT, version=providers/5.4.3)

[humble wave]

Oh thx Kieran. What was that for? 🙂

[final plume]

No they are a guild

[sharp gust]

Did you even sleep?

[humble wave]

-4 hours, yeah

[inner topaz]

Appreciate the support 🙏

[inner topaz]

Tireless bot banning bonus

[fickle geyser]

Do we know when the second sale will be

[humble wave]

Thx a lot

[feral forum]

team cashedout

[merry mountain]

Just all he had left after he compensated everyone

[obtuse patrol]

Sir? Move this.... obviously. They stopped all sILV minting. Why are you asking why you can't claim sILV?

[hushed wagon]

We've all got your back @inner topaz we'll come out of this stronger as a community

[humble wave]

Def love this community. Supporting it with your own wallet is a big move for sure. I also appreciate it

[timid osprey]

Agreed my friend! That's my impression as well. Absolutely amazingly handled so far. Super bullish on the long run, not just for this first release but the whole ecosystem years down the road. I'm considering selling the family farm to ape in! haha

[austere musk]

As community we are strong, lets stay together with the the team. Better times to come have faith and trust in this team. Im sure everything will be sorted in few days and will be happy again with our silv, airdrops, landsales, etc... This team is the best and closest 5o the community I have ever seen

[mossy grove]

100% at every turn and at any obstacle the Team has shown who they really are!
True Leaders that take responsibility and do things the right way no matter what!

Proud to be a part of this Family!

[inner topaz]

Timing is a shame as we were so close to launching v2 but as @lofty knoll mentioned, the attacker had been minting sILV for quite some time, so it probably wouldn't have mattered

[coarse isle]

I don't want to claim sILV, but ILV, so I think everything's fine there.

[static vine]

Just catching up. Hope everything works out for all of you.

[merry mountain]

I hope Kieran’s family understand why he put his house up for sale, it’s all for the community he loves

[hallow pike]

Good Morning (From Germany)!

I would like to participate at the Fancy Bird Give Away, but to be honest I don't know how to message the FancyBirdsBot. Could someone help me? 🙂

[fleet hull]

hihoo

[humble wave]

Hey. Been delayed. Been announced in #📣〕announcements

[fierce vine]

hey in the future yuo might get help better in the help channel, posting in gen might get buried. Not sure what insufficient privileges though maybe awkward message saying you need more money?

[austere musk]

Better it happened before, so when v2 is out we are sure this cant happen again and we have a much stronger version. Try to see the positive side

[ruby marsh]

[coarse isle]

I'd just like to make it work, that's all

[obtuse patrol]

My bad I misunderstood what you were trying to do. Could be your gas limit? Could be you don't have enough gas to do the action, I really don't know.

[hallow pike]

Thanks, now I've seen it, too 😄 Have a nice day!

[agile tapir]

Hi Kieran, did the current V2 already resolve the exploit or are you now going to work it in which will ultimately cause a domino effect on delays for V2 staking and Land sale?

[humble wave]

Is this claiming SLP rewards? ILV from SLP rewards?

[coarse isle]

Sushi LP rewards

[mossy grove]

Curious... The new sILV will it be directly sent into peoples wallets that were holding it or will people need to pay a gas fee to claim their new sILV?

[humble wave]

I suggest claiming when V2 is out. since sILV claimed are paused it might cause inconsistencies to claiming. Some ppl had issues claiming ILV. So if it's not too Regent, wait until you upgrade to V2

[barren sinew]

Thanks for your answer, Can t tip you ilv but please take this love tip

[humble wave]

Idk how it will happen. When the the time comes it will be made more clear. May e like pre-ILV you have to turn it in to get ILV and take the old one out of the equation. But that's me guessing.

[humble wave]

Thx my friend. I appreciate it ❤️

[coarse isle]

ok, no problemo👍 🤣

[pale sun]

I dont think it would be as simple as turning in V1 and receiving V2. They would need to verify through the snapshot. An airdrop method with verification against the snapshot would make more sense if anything

[humble wave]

Well that's why I said it was guess 🙂 what you said works for sure. We'll see how it goes. It will def be announced

[smoky obsidian]

i'm really happy to see that the team behind this project is full LEGIT and they will do everything that needs to be done to fix that issues.. i had around 10k invested in sILV and not worried at all on what will happen in the future, i ll just wait and see how and when they fix the problem as we all want and are ready to buy some land and capture some illuviars 🙂

[lofty knoll]

Better it happens now than while we are playing tbh

[umbral vault]

I bought sILV about 5-10 minutes before the event (around 420$ price range). This should be fine right?

[lofty knoll]

Nothing worse than gamers than cant game

[quick spindle]

If it HAD to happen, yeah

[lofty knoll]

For sure haha

[zealous stratus]

new here, interested to buy ilv, with the silv incident, is ilv still safe to buy?

[obtuse patrol]

ILV is completely safe to buy.

[junior blaze]

ILV is still safe to buy.

I'm glad to see how the team is dealing with this! If ILV price keeps going down, it'll be a dip that can't be missed haha 😛

[tiny latch]

Silv can be bought now?

[next barn]

its amazing that how ILV holds its ground in terms of its value despite all this. this community really have diamond hands.

[lofty knoll]

Nope.

[charred arch]

I bought that fake dip to add some sILV and now I'm f*cked 😂

[forest galleon]

1. Any possible time to get update?
2. If it might postpone for Land sale because of silv hacking issue?

[barren sinew]

ILV is the safest thing to buy

[red geyser]

No hard date had been set to need to postpone. But really we just need to watch #📣〕announcements

[icy patio]

#🚰〕leaks I fall in love everytime!!!

[umbral vault]

At what price did u buy?

[smoky obsidian]

well they still have all the time to sort out the situation as the land sale was suppose to happen between mid and end of january, let s just chill, get a drink, watch the sunset and relax 🙂

[rocky dock]

Do not sell or buy

[high solar]

does ilv have to be bought on the eth network?

[zealous stratus]

since ilv only for investment and can't use for any in game matter, just curious what's the motivation to get ilv?

[charred arch]

@ $3 😂 for just a small amount 😂

[abstract shoal]

Revdis. Stakers get 100% revenue of the game.

[lofty knoll]

Yes

[lofty knoll]

!ILV

[tidal garnet]

ILV is not needed for gameplay in any way. Instead it has three main functions:

Governance:
Together, we have the power to shape the future of Illuvium through our community collaboration on game improvement proposals as well as electing the initial model of governance, the Illuvinati Council.

Liquidity Mining:
Here, you will gain more ILV (or sILV). Additional ILV will increase your voting power in governance & increase your share of vault distributions.

Vault Distributions:
When you stake ILV, you share in Illuvium's success and earn a passive income of additional ILV, funded through in-game purchases and fees. Vault distributions will only be available from sales and once the game and Illuvidex are launched.

For further details please read:
https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be
https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac
https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507

[raw gate]

When will we here about refund etc anyone have an idea

[humble wave]

Everything will be announced.

[lime veldt]

Wow this is crazy.

[austere musk]

When they have all the data needed and are sure everything is ok and ready they will announce it

[high solar]

will in game assets be released on eth or will those be on a quicker network?

[abstract jewel]

Hey folks

[humble wave]

Everything will be on IMX at some point.

[red geyser]

!imx

[tidal garnet]

Illuvium uses Immutable X as a layer 2 solution. This means that you won’t be charged network gas fees within Illuvium and instead only need to transfer funds between the Ethereum Mainnet and Immutable X. This keeps the player's cost of doing business low, maximizing potential gain. For more information about Immutable X check out https://www.immutable.com/

[wet hemlock]

Lower. Not low lol

[abstract jewel]

what the hell happen to coin price. why all of my token shows value that is 99% lower sorry late to the party

[polar grail]

ILV showing $1k+ for me

[red geyser]

You talking about sILV right? Just hold it and the team will sort things.

Basically today was wild.

[raw gate]

I bought 15 minutes before the announcement yesterday I should be ok shouldn’t I?

[abstract forum]

Greed, it blinds our judgment.

[red geyser]

Yeah should be fine.

How slow is this slowmode? I can’t see it.

[hard hedge]

I thought my sILV total price in my meta mask was bugged until I checked dextools then came here to see all the chaos LOL

[abstract jewel]

OK thanks, but what happened, I even tried to send to various wallets but that didnt help and why the SWAP have no original value.

[stiff dome]

Okay, I've passed a couple hours studying the project;
reading the whitepaper, checking socials, watching interviews and so on.
I've reached a conclusion.
You've to hurry with the sILV v.2 because I absolutely have to give you my money

[abstract forum]

Being way too logical bro..

[red geyser]

Buy ILV instead.

[red geyser]

Did you read the pins? There’s a ton that talk about it. Here’s the tldr…

***Someone had abused an exploit to create sILV, the DAO upon realizing this has tanked the liquidity pool by minting and selling a huge amount of sILV.

Prior to doing this they took a snapshot of sILV and will use that snapshot to send legitimate holders of sILV the same amount in the new token. They need to make a new token as the existing one is now dead.

So as long as you are a legitimate holder, your funds are fine.***

[sour vale]

How do we know that our tokens are "legitimate"?

[blissful basin]

Hi everyone

[pearl basin]

Guys, help me figure it out.
I've invested in ILV/ETH LP and thought to use revards as sILV land sale, but as I understand it (correct if I'm wrong), someone bought sILV at dump prices and they will also be able to participate in land sale, i.e. it turns out that my revards at times lose their purchasing power in comparison with the one who bought sILV at dump prices. Am I wrong?

[stiff dome]

can I buy just a portion of ILV or only the"full" token?
'cause 870€ are a substantial amount for a student like me

a philosophy student, so money wont arrive soon from my studies lol

[abstract jewel]

ok, but the old contract is still live and people are just jumping into this dead contract thinking that they are getting a really great deal or something, please take that offline especially from all the swap and CMC. too many people are going to loose money. Please share more information on the Social Media and every outlets that you can. We will have alot of good people lost their money. Look at those volumes 😦

[abstract forum]

Welcome to crypto bro.

[spare river]

You can buy any portion of one token down to like .0000001 or something

[red geyser]

The snapshot. Taken at about the moment the announcement was made. silv held before that is legitimate. silv bought after is not. Unless you are the hacker. Then all your sILV is illegitimate.

[red geyser]

Oh yeah you can buy just a portion.

[red geyser]

Defi can’t be shut down.

[sour vale]

Got it. Thanks!
PS: not a hacker 🥺

[red geyser]

One sILV will be equal to one ILV in value. If they bought sILV at $3 or whatever after the snapshot they probably won’t get any of the new sILV.

[red geyser]

I hadn’t meant you. Just in general.

[honest sinew]

what happened to silv price lol

[abstract jewel]

Bruh, take them links offline that is point back to You guys, such as CMC, Just ask them to shut that page down. unless you all are complacent as well. We need to ask coin market cap to take that page down that is showing that this coin belongs to Your Project. and rest of the Defi platfroms needed to be highlighted. too many people are still buying from those platforms who dont come here and ask questions

[forest galleon]

As the biggest game in the beginning of 2022,
hope everything will be ok.

[red geyser]

I’m sure the team is doing their job.

[red geyser]

[tender wharf]

It wont be in the beginning of 22 anymore

[stiff dome]

equal in value but about half of the price, right?

[pale sun]

Did you just ask for them to remove a DEX LP? xD

[strong cedar]

not so early gang

[red geyser]

sILV is a gift card. People pay what they want to pay for it. But it’s worth the price of ILV when used to pay illuvium.

[pearl basin]

as far as I know, before all happened, sIlv was able to buy at the less price than Ilv, if so where is the motivation to buy land than sILV dump byers can buy way much cheppeer than I who invested in thi project? doesn't seems faire

[abstract forum]

You couldn't pay me enough to Moderate this room. Good luck fellas. Here's some whiskey for ya 🥃

[lofty knoll]

People who bought sILV after the announcement wont get the new sILV

So they wont buy land for free, no worry.

[red geyser]

It’s how it works. silv is gonna trade at less than ILV. If you want to dump it for eth it’s gonna be less than ILV. If you want to use it in the game it’s gonna be worth as much as ILV. If you want ILV. Then you got ILV.

[pearl basin]

and those who buy before - will have the huge advantage before me, who provide a liquidity to the project. Isn't it? I was thinking to buy tier 4 land, and now I am no sure

[stiff dome]

I've another question, the last for now (only for now )

what does the roles valain survivors and rangers represent?

[hazy belfry]

Is that announcement on Twitter or Discord?

[red geyser]

You have ILV. They don’t.

[red geyser]

Simply discord level gateways. Nothing important. One gets to post gifs.

[languid silo]

the team could not have handled the exploit any better imo,we are super early in this space and stuff like this happens less and less as we mature. and kudos to the mods for keeping things calm:=)

[red geyser]

Discord. #📣〕announcements

[hardy spear]

so glad I‘m here in this discord, when I came home yesterday a bit drunk I nearly bought more from sILV because I thought wow what a massive dip 😂 then I read the announcement, luckily 🥳

[hasty estuary]

Is this game free to play or we need to buy it?

[timid kindle]

free

[red geyser]

https://tenor.com/view/groot-this-button-baby-groot-gotg-gif-11685053

[smoky obsidian]

and also to react right away before losing it all, that way they can manage to make it back to everyone without too much problem.... seriously i m stocked they handle it like that or we would all have lost everything...... Admin THANK YOU

[red geyser]

!f2p

[tidal garnet]

You begin our game with a free-to-play experience that immerses you in our richly-detailed world, lets you enjoy some action, and helps you understand how the game works. The free-to-play experience of the Tier 0 regions will familiarize you with Illuvium, and won’t feel like an “abridged” version of the game. It is a full-fledged gameplay experience! If you like it, you can then decide to opt in to the paid experience, start collecting NFTs from higher tiered regions, and delve into deeper adventures to explore the mysteries of the game where the NFTs you gather start to hold more value as well.

Just after game launch, when everyone starts fresh, you might even be able to sell free Tier 0 NFTs on the IlluviDEX for ETH, but there is no guarantee for that.

[red geyser]

!earn

[tidal garnet]

In Illuvium there will be several options to P2E:

• sell captured Illuvials
• sell farmed materials
• sell crafted items
• play the marketplace (buy low, sell high)
• wager on battles in the Leviathan Arena
• earn some of the 1 Million ILV set aside for in-game rewards
• …

BUT, while the game will be free to play, in order to participate in the earning part of the economy, a bit of money needs to be invested. A full cycle of travelling, curing shards, etc. is currently estimated to be around $50 (this can still change).

[warm vector]

!beta

[tidal garnet]

🚫 Zophiel, you can't use that.

[red geyser]

That’s not your job! 😂

!beta

[tidal garnet]

Closed beta testing will begin before the end of 2021. Illuvium will have 2 closed beta testing stages. The first stage will be for team members and professional game testers, and will not be open to the public. The second stage will have limited slots for public members. When the second stage is taking applications, a message will be posted in 📣│announcements detailing the application process. Check 🤖beta-tester-request for more information.

[red geyser]

#795444126421483520

Eww no. Too soon to joke about that.

[pearl basin]

it wast about it, "they" have a HUGE advantage in sILV witch can use in the land sale, so if for example my sILV as a rewards from SLP cost 1 k. $ "they" sILV cost much less $$$

[austere musk]

Yeah its not the moment to joke about silv and mislead people

[hardy spear]

you right too soon to make fun of it 😂 maybe other people reading this will not read the irony 😅

[red geyser]

Except staking rewards cost nothing. It’s free money. Sure you could take it as ILV instead. But then it would be locked for 12 months. Again it’s how the staking works.

[knotty hull]

where can I buy sILV?

[smoky obsidian]

just a quick reminder, that s the first time EVER the Admin will go from is OWN pocket to make it up to everyone impacted..... and for that THANK YOU, that shows how this project will be better than any other one..... we can trust them, we saw it already in the game itself and how good it looks, now we see it as well from the Admin. I m glad i,m part of this.

[red geyser]

Don’t.

Check pins and #📣〕announcements. Don’t buy sILV.

[languid silo]

https://tenor.com/view/mando-way-this-is-the-way-mandalorian-star-wars-gif-18467370

[hazy belfry]

That's unfortunate. The transaction was successful a minute after the discord announce, so by the time the notification came, it was hard to avoid.

[pearl basin]

The biggest disappointment this year, won't buy land

[royal saffron]

the year just started.. and a reimbursement of all silv pre snapshot is not that big..

[red geyser]

Another way to look at it is that bigger stakers were earning that much sILV as rewards. If you and I can’t claim enough sILV to beat them then we wouldn’t have gotten a land anyways. There’s over 200k sILV.

[red geyser]

There won’t be many transactions that fell in that window. We will see what the team does.

[tiny cave]

Silv is what put food on the table everyday past few months. What am I going to do now 😭

[wintry nexus]

Guys I had 20 eth in SILV I am now broke, when are we getting refund?

[red geyser]

Watch out for a dm scam with a bitly link to a some companion NFT. It’s a scam. As all DMs are. They tried to hit me up.

[royal saffron]

not a refund. you will get new silv, the same amount you had. If they were bought pre snap shot

[wintry zodiac]

what is going on with sILV

[red geyser]

Don’t buy sILV

[sturdy sandal]

When the reimbursement happens, will we be paid the value in ETH equivalent to the amount we purchased it for or equivalent to the price of sILV at a certain date?

[pearl basin]

I've trusted in this project very much and I still think it a good project, but the way it is with sIlv in land sale is wrong
The way you say it a tiny stakers should not even think to buy land
Buy the way I already have enought to claim as much sILV to buy tier 4 land, but there is no motivation to pay way much more that those who bought sILV at dump price

[stiff dome]

you will be paid in sILV v.2, not ETH

[primal jolt]

even if you get the refund bots will dump it to 0 before you can sell

[light nymph]

So far the sales made at dump price aren't valid. So don't sweat it.Edit: By not valid I mean they aren't going to get transfered to the game when the land sales go live. >.> mitagation refunds and what not still may occur but hopefully the foools who bought when the coin went dead will learn from this. And not pull a second boner move. Should the sILV coin go dead again. And hopefully though this doesn't occur again. But I always say "never say never."

[wintry nexus]

perfect!

[red geyser]

Most will get 1 new sILV for every sILV. The liquidity providers may get something different.

[lofty knoll]

People that bought sILV at dump price wont get the new sILV

Which is the one that is going to be used for the sale

The old one is now useless

[red geyser]

!sILV it’s always been this way. It’d be nice to have liquidity all the time to buy everything that’s cheap. But many don’t have that luxury. But sILV was made to help ILV stakers. And it has. And it’s also provided an opportunity for people that are new to illuvium to have hope of a good roi.

[tidal garnet]

sILV is a substitute currency that can only be gained as yield when staking ILV. In game, it can be used to pay for any fee (excluding IlluviDEX trades and Leviathan Arena wagers) that otherwise would be paid for with the main currency ETH. The value of sILV in the game - and for possible sales where sILV is allowed - will be equal to the value of ILV.

While claimed staking rewards in the form of ILV are locked for 12 months, sILV offers the opportunity to liquidate your staking rewards immediately. The tradeoff for that is that sILV only can be used in-game and does not provide compounding in any form.

[forest warren]

There is still some dust of silv being minted, it's almost nothing and maybe not linked to the hack, 0.15silv appear in the dune data as minted today, but since the start of the staking it's a bit more... i asked a while ago, so maybe good if the devs check on that and ensure v2 is not affected

[past flume]

So new contract being made? Hope it is with lossless

[leaden dirge]

This is ironic 2 hacks in this server

[pearl basin]

the price of sILV were dump all the time (i.e. sILV price at open marker was never been 1:1 compare to ILV), is't it?
it happened not even this year

[sturdy sandal]

Oh that's even better because I paid for sILV when it was low. I was thinking that being paid in ETH is a lil unfair because I am planning to flip or to buy land at a discount 😂

[red geyser]

Hmm must have been awhile back. Didn’t see anything on etherscan when I just checked.

[fickle geyser]

Does anyone know why Binance is charging me $50 for any amount to withdraw?

[red geyser]

That’s how they getcha

[wintry zodiac]

so the odds of me buying bad sILV is low or how do you say a whole pool is bad when there are different sites you can swap ETH for sILV. im not worried about my bag it was bought months ago

[peak oar]

Is there a form to fulfil for those who bought silv in the past?
Or they have another way ton refund

[ripe geode]

if you trying to withdraw ETH, ILV or any other token, you have to pay gas fees

[proud wing]

They have taken a Snapshot at the time of the announcement. Whatever you had in the Snapshot will be given back to you.

[red geyser]

It’s pretty much only in the one pool on uniswap. Most sites use that one.

[charred thunder]

When is V2 staking launching!!!!????

[cinder birch]

hi, @red geyser , i swaped it in metamask, not sure if they use the uniswap pool?? (thanks for your feedback)

[red geyser]

They must. There’s only the one big pool.

[hazy belfry]

I hope have a few minutes to spare from that announcements.Thank you

[wintry zodiac]

you're saying the uniswap pool was a scam? 😮

[red geyser]

No. ***Someone had abused an exploit to create sILV, the DAO upon realizing this has tanked the liquidity pool by minting and selling a huge amount of sILV.

Prior to doing this they took a snapshot of sILV and will use that snapshot to send legitimate holders of sILV the same amount in the new token. They need to make a new token as the existing one is now dead.

So as long as you are a legitimate holder, your funds are fine.***

[cinder birch]

do you know the time when they made the snapshot? (i've swaped 1 day and 21 hours ago) -> thanks again!!! 🙂

[smoky obsidian]

thank you for clarifying that, it should make people feel better now 🙂

[red geyser]

Right around Aaron’s #📣〕announcements like 12 hours ago.

[red geyser]

Just copy pasta from rahlords pin

So many good pins in all the channels.

Alright I gotta sleep. Good night y’all.

[wintry zodiac]

thank you vm @red geyser

[twin snow]

Hey those who invested in silv lost their funds??

[fringe panther]

The announcement was done at different times in Discord and TG groups. Do we know at which exact time was the snapshot taken?

[radiant walrus]

Is it safe to buy sILV at the moment?

[royal saffron]

do not buy silv, do not sell it as well

[fallen seal]

No ser

[fresh birch]

i legit just bought some silv, right now, not realizing what exactly has happened. Am i screwed? what should i do?

[abstract kestrel]

Oh boy isn't it a bit suspicious the price dumped 99 percent and then didn't read an announcement and still bought... There's nothing you can do just wait

[vale herald]

Rigged game xd

[sage falcon]

If we were holding before the snapshot, would it be ok to sell whatever is left of our v1 silv tokens to get back some lunch money, or does the compensation involve looking at what you still have in your wallet?

[vivid topaz]

@red geyser

Has the Silv coin expired?

Does the official compensation need to be issued in new coins?

[warped plinth]

you would be scamming community members

[summer mirage]

I’m said

[royal saffron]

do not sell the tokens. You will not get reimbursed

[vale herald]

How much silv stole?

[stiff dome]

why read the pinned messages when you can ask the same things as other thousands on the channel

[warped plinth]

it is amazing the number of transactions and the amount of money that is moving in the pool after the announcement

[royal saffron]

@runic wraith if you bough after the nuke of the LP. You bought dead tokens. Holding them will not get you new tokens

[vivid topaz]

Does anyone know when the snapshot is?

[sage falcon]

sell

@runic wraith
dont sell sILV you owned BEFORE the snapshot. If you bought sILV recently (well after the announcement) you should be able to sell for a minimal loss.

[runic wraith]

I thought your not suppose to sell

[wise linden]

Did anyone else got the free btc message ?

[warped plinth]

It wasn't stolen, 2K's were illegitimately minted

[warm surge]

don't sell if you were a owner before the snapshot. Just sit and wait, the team is on it and will find the decent solution.

[pulsar swan]

who actually finances the new token?

[royal saffron]

the same is it always have been. The old contract is going to be replaced with the new. Nothing changed in that sense. A hard fork is the term i believe. @dim compass you loose your money :}

[dim compass]

One message removed from a suspended account.

[vivid topaz]

real ?

[lament harbor]

Good morning everyone Do we need WL to be able to mint the characters, also want to ask when will the land sale come up and please what about Silv what happened to it

[brave bay]

anyone being attacked when trying to process transactions for rewards or withdraw from the vesting SLP..... i just get my eth stolen twice....

[vale herald]

Not even secure from the very start..

[warm surge]

no finance necessary, it is a replacement.

[long shell]

What if we buy now

[inner topaz]

Please stop encouraging people to buy the token

[vivid topaz]

The SILV coin has been expired, and the official will take a snapshot to send the new coin to the approved holder.

Are you just buying a coin with no value at a low price?

[runic wraith]

You just don’t want us to buy the dip! FUDing your own project 🤦‍♂️

[half iris]

That's what it looks like based off what pelican said

[opaque dew]

😂😂😂

[brave bay]

what if the problem is not with silv.... i am talking about the staking for ilv.... i just lost over 500usd in swept eth from my wallet trying to get my vested release out and process a rewards transaction?? or is this the same issue....i dont know wtf is going on....

[warped plinth]

If we continue with each one by itself we will ruin the community. Keep Calm ILV is BC's best project and we all want it to be successful. More ethics and less fear for a better world that begins with each one of us.

[sage falcon]

Do not buy sILV. Any sILV bought now will be WORTHLESS.

[half iris]

https://www.youtube.com/watch?v=IoRwKxAGWL8 Vetemor made a great video of what happened. Feel free to watch it so you understand what is going on if you are to lazy to read pinned posts.

[runic wraith]

Keep calm and trust the dip. This is a once in a lifetime opportunity, remember $sILV is the future. Keep your bags calm and keep the wave moving 🌊 🧹🥳

[warm surge]

This is another issue, and normal. You have the transaction for the rewards and a transaction for the withdrawl.

[vale herald]

How would they know? They can't even track..?

[royal saffron]

yeah... they wont ever know, there are difnitely no plan to deal with the situation, they will for sure wing it, right? x.x, its not like pins explain everything that is going to be done

[eager matrix]

Do you know what a blockchain is?

[brave bay]

oh great....its normal to lose 500usd on this bs....so ilv is fkd, silv is fkd............the project is epic and the team are legends...but the scams and hacks that continually pile up here is fucked....i just want out and cant get the thousands of usd i have in there and am just gonna have to wear a big L.....

[honest girder]

Snapshot ser. And literally everyone can see who holds a particular coin on etherscan.

[sage falcon]

Do you guys actually know what is the blockchain techno ? Do you even know what is the crypto / nft world ? I am very surprised by some reactions

[runic wraith]

Just remember, buy the dips. You won’t ever lose, gotta have diamond hands for that 100x! 🚀 🌊✨

[warm surge]

Transaction costs are normal yeah. welcome to crypto. The high costs have nothing to do with the team or with Illuvium, it is the Gas for the eth chain that makes it high.

[vale herald]

enlighten me.. xd

[chilly arrow]

I bought 1E of silv before the announcement. Am I screwed?

[spare scroll]

This has been my reaction today, people freaking out when the whole point of the blockchain is that… all the transaction data is recorded. Of course they’ll be able to do a rollback…

[dense reef]

Why are so many people here recommending to buy SILV? It still shouldn’t be bought due to the devs?

[opaque dew]

Damn I’m so bullish on The coin should I take profits ???

[brave bay]

you are so far off its not funny...and there is obviously a bot script running for @runic wraith because that is so irrelevant to what i am talking about....god....101 talk does not make you sound crypto elite....just shhhhhh

[round kettle]

Vulcan forged reissued their token with lossless protocol

[past jay]

They're trolls, all seem to be new members (possibly controlled by the exploiter?) and should be muted as a minimum

[wraith bone]

We need to ban some ppl there

[warm surge]

I am just trying to answer you. Keep it polight and talk in a normal way please. Unstaking comes with multiple transactions which makes it more expensive because of the high gas costs.

[dense reef]

Way too many trolls and people that really think they can get free token from devs now.

[brave bay]

if your not a mod and dont understand thats fine....but dont be condescending when about who knows what about crypto...i know how the gas works we are talking about bot script sweepers, slp staking that cannot be withdrawn due to the silv hacks and various other things....not basic things such as gas fees....dont need any more from you... thanks for having ago but the condescending tone was bs...

[royal saffron]

you can check on etherscan your wallet, but unfortunately if someone was able to steal your funds.. there is nothing that can be done.. did you give your seed phrase to anybody? Did you sign a malicious contract on some fake website? did somebody DM you with a scam link?

[lusty mantle]

So we know Santa soon, sILV fix soon, Fancy Bird soon, Staking V2 soon
Anything about the scam link that was posted?

[reef compass]

Good day! Tell me what happened to the SILV token? And can you buy it now?

[short shard]

Soon

[vivid prairie]

In view of the whole sILV situation, is the company that audited the contract going to be held liable? Are they going to go off scot-free while Kieran foots the bill?

I'm not at all fussed about the way the team is handling it as I trust them but damn what's the point of an audit if it doesn't catch these kinds of things anyway

[charred arch]

I bought at $3 and now I'm doomed 🥺😔

[sage falcon]

Its the blockchain. Every transaction is recorded. Thats the point.

[humble trail]

There seem to only have been 16 wallets that got scammed back then. Through the Jobs scam. So i guess it doesnt take priority right now. Possibly will be taken up later.

[tender narwhal]

How do i get whitelisted ??? Ik that like this hasnt been released yet but ive been watching illuvium for about a 1.5 years sooo someone helpp me pleaseee

[humble wave]

Hey Anna. Sorry you experience that, but if you seed is compromised, there is almost nothing anyone can do as no one has control over it but you and the scammer. All DMs are always scams.

[civic pine]

I really hate how many trolls and just people that do no due diligence or at least read pins and messages there are, all this shit the devs and team have to reply to and spend their time dealing with is time away from developing the game, can people just relax and let them sort it out so we can get back on track? We all have money invested, we are in good hands, just relax and stop causing more issues.

[brave bay]

sorry to hear this....it is really bad news...you are really gonna need a drink or something and figure out how not to be totally depressed...its a real hard thing your about to go through... i hope somehow you can get it back ...but there are brutal things that happen in crypto...... try to not read any comments about you shouldnt put in more than you can afford to lose....as thats the last thing you'll wanna hear right now....again sorry to hear this....

[vale herald]

Really is that is easy? Why can't they take it back?

[sage falcon]

Hello

[lusty mantle]

Just wondering so I can reply to people again when they start asking 🙂 Gonna be fun te reply to people with this 5 min back 😄

[winter kestrel]

Kieran, I hope there is a reasonable leeway time given for people who bought after the announcement. Pls note that not everyone's glued to their chairs and computers waiting for announcements in discord. Even Twitter was kinda late in the announcement which a lot of people are subscribed to for messages like this. Hoping that the snapshot be done with reason and rationality as it is simply impossible to halt buying immediately in mere minutes after an announcement is made in discord. Thank you very much.

[rustic silo]

any expectation as to when purchasing SILV will be all good again? and or liquidating?

[humble wave]

Team already knows this. Have talked to them in person. That's also one of the ways they found 2 of them were scammers themselves when they tracked their wallet activity.

[round kettle]

Would that be something they do here? Maybe snapshot of Ilv and reissue with lossless like Vulcan forge? Crazy!!! Lossless protocol gonna be used more often with things like this

[sage falcon]

Im pretty sure anyone promoting buying sILV is basically a scammer at this point right? They should be banned outright.

[austere musk]

Because will have different contract adress??

[loud pagoda]

Do not purchase sILV. Whoever is recommending the purchase of it is a scammer and we will deal with them severely.

[brave bay]

after everything said and done.....really feel for those that have lost...and also for the Team....they got they're heart and souls in this and external fuckwits just love doing damage.....thoughts are with the scramble the team must be dealing with.....GOOD LUCK GUYS

[sharp gust]

Considering what happened, I am very happy with how the team handle the situation. And I believe the current price of ILV is the real indicator of how well the team is handling it. Hats off to the ILV team. ❤️

[warm surge]

Thanks for lowering your tone a bit. As always in these situations it is better to stay put and don't do anything before the team gives a go after they investigated the whole situation. I have trust in the team and I am certain in a year from now this will be almost forgotten. I am sorry for you that you have lost a lot in eth fees.

[weak siren]

how come silv crashed from 500 to 6 dollars

[lusty mantle]

Nobody talked to me?!

[split wasp]

***I was providing liquidity for silv/eth for $20k using my own minted silv and eth. Then this happened. I think the snapshot takeplace before I remove the liquidity. And now my $20000 has nearly no value. Need an answer for my question please

[humble wave]

Cuz you are so obvious 😄 they know you and know you got scammed and you are a victim haha

[twilit junco]

Check #📣〕announcements 🙂

[split wasp]

By providing liquidity for SILV/ETH, Uniswap swap all my eth to silv automatically since UniV3 works in this way. After I remove the liquidity from Uni, my liquidity pair worth nearly nothing. And this happened after the snapshot, how's this be counted?

[stiff dome]

2 of the team?

[humble wave]

They found two scammers claiming themselves to be victims asking for money.

[humble wave]

Wait for the announcement. Let then assess the situation as they think about the Liquidity Providers too.

[sage falcon]

Morning all

[split wasp]

Thanks a lot, because I asked the community, and community answered that even the pool is not official, the token is. Therefore I'm provide some liquidity for the pool to get some small money. Hope there's an answer for that.

[short shard]

Is there going to be an official sILV v2 pool?

[austere musk]

Not official, they cant avoid it being created again but won’t be official like it wasnt in v1

[normal python]

Morning everyone

[eager matrix]

If you see silv at 3$ you shouldn't just buy a shit ton of it, i would tbink that the devs rug pulled or something and then search why it is 3$ now.

[humble wave]

We'll see. The issue you are facing is something that the Devs can answer. So let's wait for their assessment and see who and how they are planning the reimbursement and the ETH they got by NUKING the pool. And we have this 👇

[brave bay]

well thats it.....i'm done......all my SLP is gone.... they blocked me and took out what i had staked....as it was available for withdrawl today...its all gone...my ilv rewards are vested but i cant do anything....no more illuvium for me....fuck....im done

[winter kestrel]

It was 250 when i bought

[humble wave]

Got scammed? Because ILV rewards are not vested yet. Not possible.

[vivid topaz]

lost 99%

[shut shoal]

any news on when those of us who got screwed in this sILV mess will get reimbursement?

[humble wave]

If there is no date in #📣〕announcements then no one knows friend. Always check there first.

[humble trail]

His SLP is gone
His rewards are still vesting. Those rewards will be gone once they unlock :/

[digital rock]

Those who bought before announcement are fine, the ones who bought after, probably lost their money but not confirmed yet, stay tuned

[humble wave]

A hack? Sorry can't manage all channels at the same time. Sorry to hear that.

[warped plinth]

At the time of buying cheap nobody demanded responsibilities to Illuvium eh! jaja

[reef compass]

Guys, if I buy sILV now, will I lose money or not?

[brave bay]

sorry you didnt understand.....hacker in metamask....like i said ilv is still vested til end of year...but account is taken over...SLP was available for withdrawl today....of all days....and that has all been cleared out....life sucks sometimes and this one hurts....rip my illuvium dreams....and no i didnt give out keyphrase... i dont wanna hear any 101 safety talk please...illuvium is cursed.... of the 30 projects im in....this one gets hit the most and the hardest....eth in general in my opinion is shit ...

[celest edge]

Yes

[junior blaze]

How did this happen? Did you accept a link in a DM? Or connect your wallet somewhere you weren’t 100% of? Sorry this happened to you

[winter kestrel]

It is a reasonable/believable price in my opinion. So not aware of attack. They buy was 20-30 min i think after announcement and price 200-250

[humble wave]

If you didn't give your phrase, then I guess you clicked on a malicious link. It's almost always either this or that.

I'm truly sorry you exp that, but this is not about Illuvium being cursed though. I know you're upset. Scamers attack the ones that are on the way to prosperity

[wintry pewter]

advising you to not buy or sell till the team give directive.

[vivid topaz]

100x or zero

[warped plinth]

not is reasonable. if your purchase were to be maintained, the rest of the community would be harmed by your advantage

[brave bay]

.....good luck everyone else...all the best with this project...if you survive to what this project will hopefully become well done and good fortune to you all....🥲

[winter kestrel]

It was not my fault either, i may have bought within 30 min of the announcement. 250$

[humble wave]

You don't have to leave for good. You can always play it and hopefully get back what you lost slow and steady. Never give up on something this big.

[leaden dirge]

Let’s not forget about the discord hack that costed people money! And they still are not talking about it lmao

[sharp gust]

I am pretty sure the team is looking into refunding via ETH if it is legit. please wait for official proposal and #📣〕announcements

[humble wave]

Wait for the announcement. Your situation will be made clear.

[humble wave]

Not in public. But that doesn't mean we don't discuss your situation with devs. Have patience

[lusty mantle]

@humble wave wen patience?

[humble wave]

Wanted to say something I'll keep it to myself 😄

[wicked mantle]

My two cents on this. Nothing is perfect. There was a a flaw in sILV that was exploited by a scammer. Team was fast and diligent to correct it as far as it can. In the stock market, negotiation would be frozen until further notice, but this is cripto. Aaron aknowledged it and Kieran even put his own money on the line for the project sake.
sILV wast not intended to be traded but naturally it was, and I believe that was good. It’s is an asset like any other. If this hadn’t been find, scammer could hoard lands or advance unfairly in the game and ruin the economy so..,better now than after the game.
Many people like me bought sILV during months, I’m not worried. In fact, my trust in the project and leadership is bigger! The way they are dealing with it seems great from me.
In a few weeks everything will be fine, and the game will be a sucess for all.
Musk blew two rockets before SpaceX sucess, there are always things that cannot be foreseeable. The way we deal with those is what makes good leadership.
All my support @inner topaz and @plain delta !
Let’s continue to be the front line of the new technological revolution! ❤️

[warped plinth]

In my opinion, a large part of the core members have had to provide such liquidity in that pool, avoiding the restrictions on the release of funds.

[winter kestrel]

Thank you guys. Im just so tired of losing money. Good thing I have faith in this one and will be lifetime investor. Your “small amounts” maybe are huge for me so forgive my worries.

[humble wave]

It's ok. ILV is not going anywhere. You will always be able to get a response (might take some time), but you will eventually.

[idle osprey]

the project will survive, you can tell just off the community sentiment after an event like this alone. Sorry to say but those that got rugged will likely get cold feet and will leave, and increase the profits of those that stuck it out. This is objectively a minor bump in the trajectory of the project, look how little ILV was affected

[gusty hare]

Well here are a lot of people talking who dont have a dollar into that project.
Otherwise the ilv price would have crashed at lest 20%.
That shows again people are here for a long term investment at least in my opinion.
But either way people are waiting for land sale and i hope there are not much more bumper incoming....otherwise land will be Q2

[fallow bane]

Can’t wait for the next announcement

[wicked mantle]

Yes there are some suspect fellas here that are just yelling “buy the dip buy the dip” like some crypto evangelism…

[twilit junco]

https://tenor.com/view/illuvium-ilv-yield-farming-yield-farm-play2earn-gif-22992704

[sage falcon]

Why the price crashed?

[pale fable]

Wer crashed?

[twilit junco]

Check #📣〕announcements please 🙂

[feral mural]

I buy 120 silv for 60kU last week. I hope it can back...

[round kettle]

Thanks illuvium team for getting on top of this. All projects gonna have some of these issues. Maybe have a bounty to find the bugs?? Please keep up the work and hope this doesn’t delay the launch

[gusty hare]

I love this 1 put some money on the table and those guys will have a hard time

[royal saffron]

if you bought last week, you have nothing to worry about

[jovial tusk]

Hey, how do i play to game?, i'm on the site but i cannot figure it out, can someone plz help out?

[normal python]

Is it fair to assume there will now be delays to V2 and land sale as a result of the sILV situation?

[willow dirge]

hihi

[sage hedge]

Oeff, thats bad. Good luck solving team!

[plain delta]

V2 is being “rushed” in the sense that we are putting more people on to it. But we need to be absolutely sure the contracts are solid so we will do even more testing.

Land sale will be affected though.

[reef compass]

Is the sILV pool repaired now?

[humble wave]

Don't go near it.

[old mulch]

take your time

[sage falcon]

What the difference between slv und silv!

[normal python]

Ok thanks @plain delta 🙂.

[rugged geyser]

Don't rush anything guys. Take your time. More time for me to buy more ilv/prepare for land sale. Illuvium FTW

[reef compass]

Why? Will they be stolen from me or what?

[crimson matrix]

Its worthless now. You can still buy if you collect dead coins

[humble wave]

[twilit junco]

Pinned messages and #📣〕announcements have all the information that is necessary for now when it comes to the sILV issue.

[lusty mantle]

I'll try to stop trolling for few days, feels like dancing on thin ice here

[reef compass]

Am I correct in that the sILV contract will no longer be supported by your team? Or are you just fixing it at the moment?

[humble wave]

The current address and the token is dead. There will be new one. Just forget about sILV until V2 is out

[round kettle]

Would adding lossless protocol make it more secure for the future? Vulcan reissued their token with it due to hack as well.

[plain delta]

The sILV token is the thing that won't be supported.

[jovial tusk]

i'm new..can someone plz tell me?

[stable glen]

I bought this morning’s silv dip on the way to work this morning 😂, now I’ll just screenshot it and turn it into an nft I guess. Ya win some, ya lose some. Illuvium 🚀

[humble wave]

It will be out late Q1 or in Q2. Gotta wait a bit

[royal saffron]

thats the spirit. Make your L's an nft.

[humble wave]

I wonder how much it will go for. Maybe you'll end up in gains haha

[mossy umbra]

Yea a lil bit

[stable glen]

I’d settle for a carton

[proud wing]

Just VB is fine?

[humble wave]

https://tenor.com/view/nachka-cat-princess-castle-carton-gif-17777505

[idle hornet]

Is Illuvium available on BINANCE? Thanks

[humble wave]

You can buy it on Binance, yes

To stake it, you need to have it in your wallet (ETH mainnet)

Also watch out for scams and DMs

[twilit junco]

Yes, CoinGecko also gives you a good overview usually: https://www.coingecko.com/en/coins/illuvium . For anything else token related, please use #💰〕token thanks 🙂

[novel ingot]

@blissful bay ok, so new token will be released. i was thinking on buying the dip but i guess it makes no sense now

[warped plinth]

Do you claim that land cannot be bought with sILV?

[lilac spire]

Sup guys?

[dusk canyon]

Where can I find information about land sells?

[warm surge]

You'll be able to buy land with the sILV replacement token.

[humble wave]

It will be with the new sILV. Not the one that is dead

[humble wave]

Pinned messages in #🎮〕illuvium-zero

[twin snow]

Silv was audited by whom??

[sage falcon]

yo just joined

[loud pagoda]

Hey welcome

[sage falcon]

when is the realise date? And please take of timers.

Sorry if the question is already answered (too many message since last night haha) is the landsale reported because of what happened last night ?

[hallow hound]

[sage falcon]

Hi guys, quick question... the ILV staking rewards - Are we able to claim the rewards at any time, or only after the vesting period? Although I know the rewards compound.

[vital yacht]

12 month vesting i think

[runic ruin]

Any news on the blocknumber for the snapshot?

[royal saffron]

you can claim anytime, after each claim a vesting period will start for 12 months compunding extra rewards as well

[brittle saddle]

Hi, When can we play the game???

[golden hound]

i had some sILV. got i scammed? ^^

[sage falcon]

do we get sneek peeks? hasnt been realised yet

[clear sand]

The beta drops around the end of March but expect delays as you would with any other game.

[lusty mantle]

#🚰〕leaks

[twilit junco]

Pinned messages in here and #📣〕announcements have all the relevant info for now.

[sage falcon]

Right ok.. so what are we saying here. I can claim rewards now, but those rewards stay in a vesting period? Or the vesting period resets on my initial stake?

[echo tapir]

Hello, when can we play illuvium, and is it free to play?

[golden hound]

i know i read it but i don't quite understand how illuvium itself is going to help? how is that going to happen?

[inner tinsel]

Hi

[warm surge]

everything will be announced about how it will be solved.

[thin ivy]

how is the snapshot taken? i have my sILV on my hardware wallet for a month now, will i be included?

[lusty mantle]

Yes, that shouldn't be any problem

[radiant walrus]

So hopefully land drop will be delayed till this is all figured out.

[austere musk]

Aaron said it will affect landsale release

[quick epoch]

we were all aware of the risks. that said, it sucks!

[night tundra]

makes sense to delay land sale and focus on releasing V2 asap for security imo

[sage falcon]

yes you can

[radiant walrus]

Im not new to crypto but I wish buying it was more simple. Seems like a.few extra steps using sketchy exchanges and swaps imo.

[lusty mantle]

You can just buy on Binance or an other big exchange if you want

[quick epoch]

I dont think wallet type (hot / cold)is relevant. silv + ilv are erc20 tokens on the Eth blockchain.

[wispy kindle]

!f2p Open Beta release Q1 this year