🎮〕illuvium-zero

[candid elk]

Oh no, no, I never wanted free stuff, I didn’t mention it in that exact message, but in another one I mention that I just wanted a somehow less rewarding but also less expensive way for people to get started with the play to earn of the mini game, as I believe land will be a huge barrier of entry to play to earn for the mini game down the line. I agree that free to earn is definitely not the way to go, have seen hordes of bots in other games. @vivid cipher at one point for instance mentioned an idea where people without land could be able to acquire some item, at a cost, that would allow them access to some play to earn elements but of course it should be less rewarding than for people with land. I hope my thought process makes some sense 🙂

[bitter glade]

Totally makes sense. I'll think on what those parts could be. But I've done a lot of thinking already today. I thought myself all the way into tomorrow.

[vivid cipher]

Updated this idea a little

[potent dock]

Reverse auction will be a great way to do a juicy chunk of T5!

[junior depot]

Thanks for answering my question

[copper glen]

Dutch auction could work well with plots as, unlike with the BLBP, the land couldn’t be flipped during the sale presumably?

Could also be worth looking at how parallel conducted their latest sale… that went very smoothly and they apparently kept out (most) bots - whole community seemed happy with it. No gas wars either !

[vivid cipher]

They could be flipped I’d say. Just not in the same way. Not back to the pool. They’d have to trade with other buyers.

[potent dock]

Dutch auction would serve the DAO best if land is being sold in an auction format. There's no stopping people flipping once land is bought, but getting the maximum value possible on the initial sale is best for everyone financially.

That said, I'd be very into some amount of land being sold by something other than an auction. A fixed price raffle where you are awarded a random tier of land would be pretty appealing to the RNG gamer in me.

[full dune]

If purchasing 10 plots of land, would one be more profitable at gathering fuel if all 10 were joined together?

[fast plaza]

Hi guys. Anyone here know when the mini game will be launch pls?

[wind briar]

There is a proposal Monday to start production, but launch will probably be near end of the year

[fast plaza]

Thanks for the info 😄

[vivid cipher]

Not yet. But potentially if certain features were implemented

[vivid cipher]

Primary discussion has been around auctioning for all tiers except perhaps maybe tier 1. Or even just SOME of the tier 1 land

I mean it is nice to get more than you pay for. But it’s super sucky to get less than you pay for.

[copper glen]

Ye that's better imo - during the BLBP bots were flipping onto retail and retail had no time to think or rationalise about the price they were paying, but once the land sale ends at least retail will be able to figure what's roughly fair value for a plot of land and actually decide whether theyre paying over the odds

[little wagon]

@bitter glade When I read that land plots can be neighbours even though not lying next to each other, does that mean there will be some kind of system that owning multiple land plots in one wallet will give higher percentage of generated fuel? So, let’s say that I build a factory on two lands from the same wallet, the revenue ups by ~5% because I have two plots? And so on,..?? When I have three the revenue ups ~10%..... So they are sort of neighbours in the wallet and that connects them 😉

[bitter glade]

Where did you hear that?

[slow cedar]

I seem to remember hearing it too actually. Let me go digging

[vivid cipher]

I think it’s in the potential expansion ideas in the GDD. Yup so maybe what Aaron is getting at is that this idea is in the pure ideation at this point and details are simply and completely unknown. It’s just an I D E A

[slow cedar]

couldn't find it. I was fairly sure Kieran said it as a concept but not totally sure when or where

[little wagon]

NOTE: There is a very interesting idea for land plots to be neighbours without being horizontally or vertically adjacent to each other. But this needs additional incubation.

From your deck. So, I am thinking along how you could implement this 😏

The last piece you wrote under ‘Land Volume’ it is.

[slow cedar]

@little wagonif you can find the message, hover over it, click the three dots and "copy message link" then paste it it'd be appreciated. I was searching for it and couldn't find it earlier

[bitter glade]

Oh just some musings. Nothing concrete.

[slow cedar]

Aaron: where did you hear that?
BonkieKong: you said it!
Aaron: Oh yeah, I totally remember...

[vivid cipher]

Nice… nature+air=spore I’d think

[candid elk]

Curious if you’ve had time to give this more thought? Or is it too soon to ask? 😆

[wheat halo]

Where do I find the mini game?

[ivory vine]

Not approved, not developed and thus certainly not live 😄 You can find two GDD documents in the pinned messages though to catch up 🙂

[little wagon]

#🎮〕illuvium-zero message

[turbid ferry]

So you can buy and own land on the planet?

[ivory vine]

If it gets approved, yes. But not as part of the main game but the mini game instead. For infos about that, check the GDDs in the pinned messages 🙂

[little wagon]

I like my thoughts about it though. 😏

[bitter glade]

Yes. It will become a part of the main game, but not sure about the mini game. It's pretty trippy. Might not be able to pull it off. Usually what happens is I think of something good, but I'm too stupid to make it work. And then some of the time I become NOT too stupid, even for just a little while. And then I write it down so that it's there when I go back to being stupid. That's how I get him.

[candid elk]

Haha well, you’ve put out some pretty non-stupid stuff, so those “NOT too stupid” moments must be pretty darn good. Looking forward to hearing if you manage to come up with anything for the mini game later on 🙂

[little wagon]

Lol, @bitter glade can’t believe someone actually read every word hahaha 😜

[bitter glade]

Definitely this. But also I forgot I put it in there. I mean I have that sort of stuff all over the main gdd, but for this I usually like to stay leak proof. Not sure how it snuck in there.

[little wagon]

I don’t mind you actually have to implement it somehow though 😉 haha

[dire pier]

Aaron = Taravangian?

Show us the diagram!

[bitter glade]

https://tenor.com/view/reference-captain-america-avengers-understood-gif-7991943

[little moon]

https://tenor.com/view/what-are-you-referring-i-dont-understand-understand-dont-understand-reference-gif-6108365

[fringe gate]

Taravangian Stormligth Archive?

[slow cedar]

If Aaron does the mini game proposal today, how long is the voting process and how does it work?

[novel cloud]

badges should be part of the land sale

[fringe gate]

OK yes, Stormlight Archive. This is the first time I found someone besides... well... myself reading this hahaha

[bitter glade]

Isn't in one of the most popular modern fantasy series in the world right now?

[bitter glade]

I might not get the proposal done by today. Was hoping to get it done before the bulk of my meetings started but that isn't going to happen. Sorry about that. It's a bit more complex than first thought in terms of coming up with something everyone likes.

[fringe gate]

I feel like I hang with the wrong crowd. I just can't find people that read these. Brandon is a fricking God though so yea... there should be a lot more people out there, just maybe not perse in the Netherlands

[fringe gate]

This is fine. I think we all appreciate the complexity. There is no real rush behind it right? As in we don't need to have this fully up and running and tested before main game launch?

[slow cedar]

Don't need it before launch, but if IZ drops slightly before the main game, the hype will be off the charts

[fringe gate]

Hmmm, I think if people have played Illuvium and then IZ drops and they get to customize, we cannot mint land fast enough

but yes, the point is it doesn't matter if we see the proposal today or in a few days haha

[graceful sleet]

Hey guys, I'm just curious if there is a TLDR for the GPPs

[ivory vine]

No TLDR for the GDDs, no. If you want to get an idea of what the mini-game is proposed to be about, then that's the sources to find out 🙂

[slow cedar]

Tldr; buildings go brrr, make fuel, fuel used in main game

[hidden tangle]

hey friends sorry just came into here from a recommendation that sILV may be used for this mini game land?

what is the mini game and how does it have something to do with main illuvium game

and can i use sILV sorry and thanks

[blazing briar]

it will be a land and resource management game. you can read the full game design doc in the pinned messages. once the proposal is out we will know if sILV will be able to be used to purchase land

[vivid cipher]

Read these… #🎮〕illuvium-zero message

#🎮〕illuvium-zero message

[hidden tangle]

its really interesting, has it been confirmed that it will have some sort of benefit to the actual game, and a sort of connect or that is still in process of being decided, it cant be that its totally unrelated right? thanks

[vivid cipher]

If the minigame is made then it will eventually have a connection to the main game.

[hidden tangle]

haha yesss awesome !!!!! hoping sILV can be used in it, would be convenient i mean why not haha 🙂

[fallow sentinel]

Illuvium Zero... wow... I literally just came across the concept. I'm about to read the document but anyone mind giving me short overview/main points?

[grizzled helm]

Read it first 🙂 alot of the stuff is layed out relatively clear and there is lots of conversation in this channel

[fallow sentinel]

I will do my homework! Haha I'm so exciteddddd

[arctic grove]

Basically there will be land that can farm "fuel" which can be used in Illuvium as an alternative to ETH/sILV so you can use it for some in game transactions, not sure what actions specifically but thats the gist. (sorry if I said anything wrong lol)

[fallow sentinel]

No, thank you. I appreciate any amount of info. I'm looking forward to this gameeeee

[pure sun]

With the minigame’s speed of progression, is it estimated how long it would take to ‘max out’ construction on the land? Have we considered what happens when the land has been maxed out? Is it the plan to let it just stay as a stable passive income for the owner that needs regular activities in game?

[fallow igloo]

Will we be able to upgrade the constructs that will be pulling resources? To reduce the time it takes to farm it or upgrade it to increase the base amount it farms?

[pure sun]

Yes as of now. As stated in the white paper there will be upgrades/different versions of pretty much all buildings on land. Some buildings also require others as prerequisites.

[fallow igloo]

Awesome good to know. How do I get the the white paper? Because that is separate from the GDD that is already pinned correct?

[ivory vine]

The attached GDDs are for the mini game. The whitepaper for the main game is here 🙂

https://docs.illuvium.io/

[fallow igloo]

Awesome, thanks so much!

[pure sun]

Hi Stormi 😀, sorry to bother but could you have a look at my earlier question? Do we have a plan for that stage of the game or is it too far away to consider at this stage?

[ivory vine]

I don*t think the exact timeframes for maxing something out would be set already. That probably would come during the actual develeopment

[pure sun]

I see. Thank you Stormi 😄

[honest rock]

whats going here? What means that mini-game?

[wind briar]

Check the pinned messages for info

[vivid cipher]

I can’t remember what Aaron said but it was not a short amount of time. Maybe 10 months if it was done without paying to go faster. One other thing he said is that even if someone is built to the max they may not a have built the most efficient system. Some would require player input to collect the fuel. While others would not. But it sounded like all would take some sort of input to send the fuel to the market swap pool.

[amber atlas]

don't forget **scanning **Illuvials to get their biodata, you can use these scans to find out more about Illuvials and to pretty up your land with holographic statues, but you can also research their biodata in order to be able to mint **blueprint **NFTs for crafting

this part of the GDD doesn't get quite as much love as Aaron is so excited about the tokenomics of Fuel, but, at least for me 🙂 , this is more interesting than Fuel

[mortal merlin]

[vivid cipher]

It sounds like that’ll be a feature added later anyways though

[amber atlas]

the basic idea of scanning is planned for first beta, and the final proposal Aaron puts together for council should make milestones clear

will you be able to turn scans in to blueprints NFTs in first beta, almost certainly not, will you be be able to make a nice holo statue to show off your scanned Illuvial probably so

[vivid cipher]

https://tenor.com/view/oh-yeah-parks-and-recreation-chris-pratt-amused-woah-gif-7644619

[amber atlas]

of course all this pends council decision, and how well the new team works, etc, etc, but as we already have the Illuvial art this can be a nice "quick win"

[brisk gull]

I'm starting to have so much hype within me that I exhale it when I breath.

[pure sun]

This sounds great. I think that sounds like a workable solution with both customisation and progression. I guess maybe we could spice things up by adding some additional features/buildings once in a while but all depends on the ingame economy and the interest of the DAO. Also quite interested to hear what plans Aaron would have for neighbouring lands or perhaps guild structures (if that is a direction we’re thinking about at all)

[arctic grove]

Thats a good point 🙂 gotta show some love for the blueprints too those will be sick ❤️

[autumn kettle]

When will auctions take place to purchase land?

[ivory vine]

Mini-game has not been approved yet, so dates for any sales are obviously not decided upon 🙂

[graceful sleet]

When owning land does one automatically earn a share of revenue?

[ivory bough]

Rev is generated from ETH spent in game(s), so When you buy land with ETH, It'll generate Rev not your land

[bitter glade]

We are thinking something like 3 months to max it out with best play. But over time we will add features, which means that if your land isn't maxed out, others will be able to generate more than you. So you'll have to be active over time.

[graceful sleet]

But then how exactly do you 'earn' by owning land? does 'owning land' per se creates income =

[ivory bough]

discussions around land are still speculation. But you can sell them like crazy after some time.

[dense cipher]

Wdym with “active”?

[dense cipher]

Gonna buy 50 eth of lands 😂😂

[ivory bough]

🐳

[graceful sleet]

But from the tokenomics paper it looks as if land holders get eth from the eth / fuel pool? So just owning land gives eth or not? (if the proposal is accepted that is)

[ivory bough]

whatever you sell (like fuel in the market) ofc you will sell it for ETH.

[bitter glade]

As in, you have to open up the app, and click buttons in some sort of structured fashion.

[bitter glade]

that's how it works. My proposal is that 50% of the fuel comes from the DAO. 50% from the land owners. And the stuff from the land owners is actually 90% owned by the DAO. So the land owners would take 5% of the ETH purchases from Illuvium. They would have 50% control though, which is cool while not being a problem.

[dense cipher]

Oh okay nothing particular for now. Thank you

[chilly smelt]

Where is the whitepaper of illuvium zeros?

[ivory vine]

GDDs can be found in the pinned messages 🙂

[chilly smelt]

Thanks. Will this mini game launch before the main game on October? Or later?

[queen folio]

If the mini game is approved, the goal is to have it developed and launched before the main game, yes 🙂 The exact time not yet known of course since the game hasn't been approved yet

[chilly smelt]

Thanks

[rare flame]

In the process of reading through the document, I like that this would be a phone app so that you could work on game progress while on the go as opposed to always having to be at your computer for the core game. I think that is a great way to have people actually use it. A lot of the concepts around building and leveling the buildings up with resources reminds me of clash of clans as I've played that quite a lot. As long as the rewards are good enough to justify the initial investment to acquire land (it looks like land will be sold as an NFT). I see that the quantities of each type of land could be adjusted, which is good because only 1000 of the lowest valuable tier is SUPER low lol. I think everyone, with a few dollars investment, should be able to get a small boost to their Illuvium goals. My reasoning for this is that you get people interested with something free, and then have a microtransaction to give them something a little more worthwile, and that will get more people hooked on the game as a whole because now they've put in some of their own money.

[pearl wing]

Hi 👋🏽 check out the tokenomics pdf in the pinned it shows the proposed qty of land etc

[river spear]

Having dawnlight badge means you get automatically whitelisted?

[pearl wing]

Nope 👎, it’s just being discussed as a possibility

[neat shard]

I want to apply a land but its to late 😭😭😭

[mortal merlin]

Nothing is too late haha we didnt even vote on any plan yet

[fallow igloo]

What does it mean to be whitelisted? Is that a good thing?

[river spear]

Yes, your address gets priority on the land sale since it's limited

[fallow igloo]

Ok, thanks 🙏🏻

[mortal merlin]

After a deep dive into the conversations about land sale, it was decided to forego the whitelist and sell all tiers of land using a dutch auction method. This is not only the most inclusive but also the highest profiting method of selling. This will generate a large cash flow for revdis while debuting its power to benefit stakers to the market and speculators.

We are allowing sILV to be used in the sale. This will allow current stakers who may have low liquid funds to participate if they wish by claiming sILV, thus rewarding them with an avenue to purchase.

The plan would be to devide the total 100k lands into seperate sales. First one would be 20 000 to give an optimal chance to everyone who wants to partake in it.

More details will come soon with a formal proposal.

[vale berry]

First taste of RevDis 🤤

[vivid cipher]

https://tenor.com/view/dog-coming-in-hot-jet-ski-gif-9915773

[blazing briar]

the world ain't ready for us

[mortal merlin]

Exciting times hahaha

[vivid cipher]

https://youtu.be/h7WR8-aLRS8

[wind briar]

It is gonna be JUICY

https://tenor.com/view/pooh-hungry-lunch-time-lets-eat-winnie-thepooh-gif-10922885

[vale berry]

https://tenor.com/view/jack-black-full-pull-fool2cool4school-juicy-gif-11005264

[pseudo fiber]

when that first revdis hits, that is going to make this real for so many people.

[vague briar]

we can pay with sILV AND get RevDis to boot? what sort of utopia is this?

[vivid cipher]

I mean there won’t be rev from the sILV but still. There will be plenty paying in ETH

[vague briar]

Yeah, it's awesome. I get to have a chance to buy land using rewards from staking and at the same time experience that sweet, sweet RevDis.

[dreamy patio]

The first of many more rev dis to come!! After a lot of deliberations and sorting out misunderstandings one after the other this is the best news I've heard all week!
ILV TEAM LET'S GOOOO!!!

We bleed PURPLE and WHITE
💜 🤍 💜 🤍 💜 🤍 💜 🤍

[compact lance]

when you say 'we are allowing sILV' you don't mean only sILV right? We can also use eth?

[cosmic aspen]

correct

[dreamy patio]

yeap

[dark kettle]

So there will be rev dis from the land sale to the ILV core staking pool?

[cosmic aspen]

yes, all of it

[dark kettle]

Cool, dutch auction, so all the lands will go up for auction and highest bidder gets it? Man thats gonna bring in so much rev dis, cause whales will spend heaps hopefully.

[fallow igloo]

Hopefully they don’t up everything though, I’d love to get a humble piece of land 😎

[frigid sierra]

Yes, we are going to be phased out ? Given highest bidders get the land

And the whale would dominate the resources? And thus dictate the game eventually

[plush turtle]

Kinda sad that I'll probably won't be able to get any Unless I can buy 1 plot worth 0.1 eth hahaha

[tropic grove]

I hope they distribute it fairly , i wouldnt want a whale coming in buying up majority of the land and reselling at crazy prices ,

[dusk swallow]

True

[zealous pawn]

will the sILV proceeds from this one be burned or distributed?

[ivory vine]

Since sILV won't contribute to RevDis when burned in game I doubt it will when used for the Land Sale 🙂

[zealous pawn]

since sILV will trade at a discount to ETH - most people will swap their ETH to sILV - so there should be close no revenue from the landsale - only burning

[ivory vine]

Every sILV claimed does already lower the possible max supply of ILV which means more RevDis and Higher Token Price for the remaining ILV 🙂

[ivory vine]

There isn't even a pool for sILV/ETH to my knowledge 🙂 And claiming sILV comes at the price of NOT claiming ILV which isn't something to just lightly. There are currently less than 2.200 sILV claimed and while land-sale will let this increase for sure, I see now chance to be claimed enough to sustain everything that sale is going to make 🙂

[river spear]

Yeah hoping to get 1 plot also

[hard lynx]

can buy land with sILV?

feverishly scrolls up to try and catch up

[zealous pawn]

because the sale is still not in near sight - whales are still compounding... that is also why only 2.2k sILV are claimed - Big sILV otc action will happen before the landsale if the sILV will be accounted 1:1 with ILV value

[ivory vine]

If people want to burn 500k sILV on the land sale, then this is a win for the DAO as well. Yes, RevDis might be lower then from the sale itself but the impact of burning 5% of the total max supply of ILV would be huge 🙂

[zealous pawn]

500k sILV 😵‍💫

[zealous pawn]

that is what im saying because everybody is talking about big revdis - but it could end up more like a big burn if sILV is allowed

[ivory vine]

Either way, it is a win for the DAO as a whole and that is what counts, not the gains of individuals 🙂

[zealous pawn]

right👍

and a win for the whales 🙂

[cosmic aspen]

are you suggesting "they" should lose or something?

[zealous pawn]

of course not - i like to win lol - good opportunity to take some profit and sell discounted sILV

[plush turtle]

tbh. I'm probably just gonna buy 0.05 eth x 10 land = then see if I actually get any land haha

[dark kettle]

Its an auction, whoever bids the most gets it.

[frosty inlet]

whales win again

but we all win in the end because they buy land and burn sILV

I'd prefer a set price in sILV tbh

[dark kettle]

Whales spending big money on any illuvium is a win for us all

[fallen marsh]

#🎮〕illuvium-zero

[timber river]

Hi everyone !!! Just entered. Please tell me where the auction will take place and how?

[ivory vine]

Proposal is not live yet, so not approved yet, so no dates or anything yet 🙂

[timber river]

Thanks

[slim wigeon]

Will we be able to vote to do it, or how will this be done?

[ivory vine]

The Council votes on proposals 🙂 ILV holders elect the council every three months.

[mighty portal]

Using sILV to buy land was a genius idea

[honest pumice]

Great that'll reduce total supply, sad cause no revenue distributed when purchase using sILV

When are we expecting the land sale event by the way? After or before illuvium open beta in December?

[cosmic aspen]

before, assuming the proposal passes

[mortal merlin]

They can ser. It's a free market.

[mortal merlin]

It is a dutch auction

[fluid lily]

finally.

[ocean hollow]

is the date announced yet?

excited about the land sale... will you know the tier of the land being auctioned or is it at random

[distant prawn]

Will the land sale be on Layer1 or Layer2?

[vale hollow]

Yeah I need to sell my house in time

[ocean hollow]

haha

[cosmic aspen]

no, the proposal has yet to be submitted and also needs to pass. there will be a significant announcement leading up to the sale to give stakers a chance to accrue sILV if they so wish, to use in the land sale.

[torn seal]

https://tenor.com/view/really-dude-seriously-kidding-me-gif-11751490

[south forge]

20,000 x $500(?) = $10m
Let’s over estimate and say half use sILV.
10,000 unit market buy 😅

[ocean hollow]

hi jeff... how much are you bidding on the auction... i can imagine 1 to 5 eth

[ivory vine]

For the lowest 1-2 tiers maybe yeah 😄

[torn seal]

hmm i doubt that they will be that cheap 😄

[cosmic aspen]

we'll see 🙂

[south forge]

The absolute worst case scenario is even crazy

[ocean hollow]

how much for tier 5... i hope not 30 ETH hahaha

someones gonna overbid for sure... and of course they will get it

[mortal merlin]

L1

[torn seal]

but for 100k plots of land 5 eth per land average sounds extreme to me. 🙂 but most nft prices seem extreme to me so never mind 😄

[vale hollow]

Isn’t the nature of a Dutch that they will start with high prices and release until there is a lot of sale which keeps the lower end accessible until it gets bought up?

[slow cedar]

Any idea if Fuel will be L1 or L2?

[torn seal]

yeah like a balancer sale i guess

[dusky ledge]

and is the revdis from the land sale be near the sale or near the game launch?

[vale hollow]

So people with less money will need to practice their breathing exercises while their wife’s BF buys the first plots up🤣

[mortal merlin]

L1 on launch and IMX will probably be able to support it on L2 around mid 2022

[south cobalt]

Newb question what is revdis?

[gleaming parrot]

So sILV is burned when used in a transaction? Lowering ILV total supply? In other words, ILV max supply is not actually 10M?

[ivory vine]

The tokenomics of this DAO include a full revenue distribution. This means that any kind of revenue generated through sales or in-game revenue is distributed back to holders of staked ILV. The same max supply of 10 Million ILV will be used for this purpose regardless of how many games the DAO develops.

Revenue distribution is paid out in the form of unlocked ILV and the payout is done multiple times a week without a fixed schedule. Before paying out revenue distribution, the vault converts ETH spent in-game into ILV by buying it off the market which puts buying pressure on the ILV token and thus supports its price development.

[ivory vine]

Correct. Every sILV claimed reduces the amount of ILV ever to get minted.

[south cobalt]

Thank you.

[dense umbra]

So all the revenue from the mini game will go back to ilv stakeholders

[gleaming parrot]

Thanks @ivory vine. I’m sorry if this has been asked, but what is the purpose of land in Illuvium? Is there somewhere that explains more about land?

[ivory vine]

GDDs in the pinned messages of this channel provide all the info you need 🙂

[plush otter]

What is the use of land by the way?

[queen folio]

Correct. Well, the revenue from ETH transactions will.
And not just the general ILV token holders but those who STAKE their ILV tokens.

[ivory vine]

#🎮〕illuvium-zero message

[plush otter]

Thanks

[dreamy patio]

dutch auction, there's a difference

[plush otter]

So we can also bid low right? Then they will take the mean of all the bids?

[junior dust]

ive had some ILV staked since the flashpool which is locked for 1 year i believe, what happens if i stake more now? does the 1 year reset or are all unlocked in 1 year from OG date?

[cosmic aspen]

each time you claim a reward it begins a separate unlocking period for those specific rewards that are claimed in that transaction

[junior dust]

so if i stake now, whatever i stake now is locked for 1 year?

[cosmic aspen]

no, whatever you stake will be locked for however long you select to lock it for (0-52 weeks) your REWARDS however will be locked for 1 year starting at the time of claim

[junior dust]

right so kind of like the kyber rainmaker? and then each claim is slowly unlocked?

[dreamy patio]

There are a lot of variations of dutch auctions, so we would need to see which one the team decides to go for. I don't want to give you potentially misleading advice for your investing strategy on this topic

[cosmic aspen]

i'm not familiar with that 😄

[junior dust]

so if i claim rewards do they become liquid straight away?

[cosmic aspen]

no, they start a 12 month unlock at the time of claim

[junior dust]

ahhk thank you

[plush otter]

Thanks

[dreamy patio]

wait and see 😉

[bitter glade]

Tier 5 has a custom landmark. So you are literally getting a team of some of the best artists in the world to make something cool. I mean, I didn't plan on it being the case that the owner of the land gets to help decide, but that might be a super exclusive thing.

[brisk gull]

Maybe 500$ for T1 is realistic, but there will be a bunch of T2 - T5 as well, which will bump the total sale amount.

[vivid cipher]

Previously thoughts were of whitelisting for tier 1 and selling then at the set price of $1000 maybe. So I’d think $500 is way to low to start a Dutch auction. Starting closer to 1-2 ETH would seem legit. The price goes down when people don’t ape in and buy them all.

[jolly terrace]

Guys

Do we need to be staking to take place in land sale

[queen folio]

There are no whitelisting requirements, assuming the proposal passes.
If passed, this would be done through a Dutch Auction method to make it available to all who are interested. Just need to have the winning bid(s) to get the land 🙂
See this message for the announcement: #🎮〕illuvium-zero message

[wicked salmon]

Where can I find out more about the mini-game?

[wind briar]

check out the pin messages

[wicked salmon]

thanks, you've tested my discord knowledge to the max!

[sharp galleon]

Is there infomration out on how the distribution between tier 1s to 5s will be?

especially tier 5s?

[torn seal]

https://tenor.com/view/pedro-monkey-puppet-meme-awkward-gif-15268759

[wind briar]

The proposal will come out soon, just need to wait for it

[vivid cipher]

I’m sure that info will be in the proposal

[bitter glade]

We are doing some fancy stuffs. There will be very few of the highest tier.

[gleaming parrot]

Has it been revealed what you can do with land? For example, is it used as a base camp, can you build on it, etc.?

[mortal merlin]

It is all in the GDD

Pinged message

[little wagon]

Can you tell us a bit more about how the lands will be devided per tier?

[torn seal]

thats good news for smaller investors i guess 🤙

[slow cedar]

I'm curious how the auctions will actually work too - will there be batches for sale (eg, 1000 lands all following the same dutch auction pricing) or will each literally start at a different time (so every 10 minutes a dutch auction starts for one specific land)

[sharp galleon]

how so, if I wont get the tier 5s i will buy all the lower tiers out of anger 😄

[torn seal]

good point.. i hope there will be enough for you then 😉

[bitter glade]

Not currently.

[little wagon]

When can we expect these kind of specifics ?

I’d like to read up on the total game play pritty please 😉

[wind briar]

Well if the proposal is out today I am sure there is much to read.

[little wagon]

Is the eta today? I’d like that to be honest 🙂

[wind briar]

#809220563397902346 message

[frigid sierra]

What’s GDD , I can’t find the said pinned messages
Please assist

[finite quiver]

Is there an advantage for early investors from the balancer sale to buy some land? And i read something about badges and possible advantages?

[queen folio]

Hey Rockstar, Game Design Documents. There are two pinned there. Sorry for the confusion!
Aaron's pin marked "Spoiler" is the GDD for Illuvium: Zero.
Pelican's pin is the GDD/Tokenomics of Fuel... which is produced in Illuvium: Zero

[wind burrow]

Hey guys, Where can I read about the IIP land sale vote?

[queen folio]

No advantages.
Land will be distributed through a Dutch Auction method if the proposal is passed.
This way it's available to all and best bids win 🙂

[wind burrow]

I bet the land costs bank... hope you have to bid in ILV

[finite quiver]

Oke thanks!

[ivory vine]

ETH or sILV, if approved.

[queen folio]

Bidding currencies will be ETH and sILV, as far as we know

[queen folio]

The Land proposal hasn't been published yet, but you will see it in #📰〕governance-news once it's ready 🙂

[wind burrow]

I can convert ilv to silv though so the price should be linked

[ivory vine]

No you cannot convert ILV to sILV 🙂

[dusk scarab]

what is a plot of land

[wind burrow]

Oh that’s lame I thought you could

[ivory vine]

sILV is a substitute currency that can 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.

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.

[wind burrow]

Well ILV can be stakes for sILV so there is a link

[ivory vine]

A link is not the same as being able to convert ILV into sILV 🙂

[wind burrow]

agreed, it would be better if you could use ILV for something other than voting and staking

Why did they do that do you think? I’m sure there’s a reason to not just have one currency

[chilly hemlock]

You can exchange ILV for eth which can be used in game the same way sILV is used

[wind burrow]

good point

[ivory vine]

I disagree. ILV is the governance token. This is a DAO. So there is no need to tie that token into the ingame economy 🙂

[umbral horizon]

There isn’t yet a confirmed way to participate in the beta, right?

[little wagon]

Thanks, now I am excited as .... too!

[ivory vine]

The closed beta is scheduled for late Q3 / early Q4 2021. You can state your interest in #795444126421483520 but aside from that, you'll have to be patient. The final selection process has not been announced yet.

[umbral horizon]

Great, thanks!

[thorn crown]

https://tenor.com/view/cats-kittens-wait-pet-ill-wait-gif-4402733

[zenith mirage]

can the devs moderate the land situation , ie don't let the whales monopolize and pump stuff up?

[queen folio]

If the proposal passes, land will be sold through a Dutch Auction process.
#🎮〕illuvium-zero message

[grim sky]

Hard to do, im saving up 6000$ for the sale to try and get 1 or 2 pieces of land if i can

[zenith mirage]

hello whale, can you not monopolize and pump stuff up

[brisk gull]

Same, if too expensive, I'm buying more ILV with it hehe

[grim sky]

how am i a whale?

[zenith mirage]

i'm sure that there will be a point where a rare ingredients important to something that whales monopolize and take control of it or something

[queen folio]

Hehe. There are also different Tiers of land.
Whales may migrate towards the more valuable plots... Tier4-5, perhaps?

[zenith mirage]

hey man, 6000$ is a whale to me

[grim sky]

3000-6000$ is the price of the cheapest land on Axie Inifinity . just basing the prices off that

[zenith mirage]

what if they bought all the lands eyy

[queen folio]

There's a lot of land to go around!

[ivory vine]

A) I don't think $6k will be enough to monopolize anything during land sale B) there will be a total of five Tiers so there might be chances for people with less money on the lower ends of rarity and C) this is a DAO, so any decision the council approves will be made with the DAO (=the total of ILV holders) in mind and for the DAO a free market auction that either generates a ton of Revenue and/or burns a ton of sILV is a huge and good thing, even if some people miss out completely 🙂

[zenith mirage]

AXs have how many marketcap again ?. compare to ILV

[grim sky]

about 10x market cap

[zenith mirage]

ok, that make sense.

[quick elm]

I'd say 1000 for a plot would be a good start.

[grim sky]

ill try and buy as many plots as i can with 6000$ then hah

[zenith mirage]

eyyyy, 400$ i think .

where can i read this land tho ? , i haven't read anything about landsale lol

[thorn crown]

pinned msg above

[queen folio]

The pinned messages have documents about the mini game Illuvium: Zero which is what would utilize the land. Then a document on Fuel which is produced on the land.

The actual land sale/auction proposal has not been finished yet but expected today/tomorrow in #📰〕governance-news

[thorn crown]

GDD pdf file title Illuvium: Zero

[zenith mirage]

ok thanks , guessing i will be a normal player catching illuvias using eth then , bye boys

[grim sky]

idk why u are being so negative , no ones knows how much the land will go for

[zenith mirage]

i'm not being negative, i'm joking lol, relax

[grim sky]

haha ok my b XD

[zenith mirage]

but tbh with small investment like me , i dont think i can participate in lands, hence i'm being a normal player , it's what i meant

i think the game has potential , just trying to look for more info

[wind briar]

We know doing the auction route will most certainly allow whales to have the advantage in owning the land.

This is a good a thing:

The sales made from the land will go directly to ILV holders. 100% of it.
Even if we have 5 people owning all the land you can expect sales to be close to 100m+.
This 100m will be then used to purchase ILV from the sushipool and given directly to ILV holders. Every single ILV holder will benefit.

If you decide to distribute land to everyone you will not get the same revenue distribution as above.

Whales fighting over ILV assets is a GOOD thing.

[zenith mirage]

yes ofcourse, but it could make the cost of playing go much higher, hence less small capital player can join . but again, could draw player from AXS to here if the price is reasonable

hoping for the best

[sudden glacier]

frome where that info? can someone confirm that all money from land sale is going to ilv stakers?

[little moon]

How would owning land be profitable? I tried to Read the whole paper but I'm with a huge headache so I quit lmao

[ivory vine]

Some important sources of information that everyone interested in and/or new to Illuvium should take a careful look at are:

https://docs.illuvium.io/
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

Land Sale = Revenue. Revenue goes to Vault. Vault distributes it to staked ILV in form of ILV.

[thorn crown]

what if i told you, you can forge skins in that mini game and sell it in the market for a high price? tell me if its still not profitable. 😄

[sudden glacier]

wow, great job team.

[brisk gull]

There will be free land as well, you can't earn from them, but will be able to play still.

[sacred basin]

Assuming the land sale will be in ETH not ILV?

[ivory vine]

ETH + sILV if the proposal passes.

[sacred basin]

Oh thats great news more uses for sILV if I choose to go that way. Im not a whale but very interested in grabbing some land

[dark ivy]

And 100m is what 100-110$ per coin? 😄 just trying to get my head around it haha

[ivory vine]

$100m would be roughly $15 per ILV based on the assumption of ~7M staked ILV 🙂

[candid elk]

From an investment perspective I completely agree, from a gaming experience perspective I disagree. Now that we have chosen to go the auction route, I believe it is very important to have some sort of play to earn access in the mini game as a non-land owner. Of course not for free and of course it should not be as profitable as when owning land. But solely letting whales have access to the play to earn features of the mini game will probably turn off a lot of people from actually playing the mini game, imo. Aaron was brainstorming about a solution for this, I don’t know if he has thought of one though

[long gorge]

agreed

[dark ivy]

yes based on 7m but. we are not close at all to that 🙂 Now what is staked around 800k ilv? if sale is in 1 month and around 250k ilv more is distributed, that gives around 1.050.000 stacked/locked

[candid elk]

@bitter glade (sorry for the tag, I know you have plenty on your plate, just want your input when you have time) have you had time to look into what I explain in the message I am responding to?

[mortal merlin]

We decided to forgo the whitelisting because it was too restrictive and would have made the community very salty.

Now that we go full equal opportunity, we cannot make every game and decisions toward rewarding everyone because it is not possible.

We need to draw a line and there is always people that are going to be left on onse side or the other

[nova quartz]

thanks for taking the time and changing the whitelist approach. i am by no means a whale, but i think i got a better chance with the dutch auction

[brisk gull]

I think they say that because team and seed are elligible to RevDis even tho they are locked.

[compact lance]

Let's say I've put aside 2 ETH to spend on land sale, does it affect the amount of land I'll get if I bid at the start or later into the auction?

[mortal merlin]

We also pushed for 20 000 lands sale instead of 10 000 to give a better chance to everyone

[mortal merlin]

Yes

[candid elk]

I’m not talking about whitelisting, I am talking about barrier to entry of the play to earn features in the mini game. I just think down the line, if only land owners have play to earn features available to them, the mini game will have a huge barrier to entry because the lands actually have utility. I’m just thinking long term, I don’t want to reward anyone really, I just want new players that finds this mini game 6 months from now, not having to pay an immense amount of money for a piece of land to have any sort of play to earn. I am not sure this is doable at all, one thing that was up during discussion was being able to purchase an item or something allowing for some participation in play to earn without owning land. Last I heard from Aaron he said he was thinking about it, but that he wasn’t sure it would be possible

[compact lance]

This is a DAO, if it becomes too unhealthy for the game, with enough support, we can write a proposal and make the necessary changes.

[candid elk]

I’m aware

Would probably be easier from a game design perspective to have thought about something like this beforehand, not that I am a game designer though

[mortal merlin]

Allowing a low entry to produce fuel would bring millions of bots paying the small building fee and ruining the fuel economy.

We need to preserve the land value as well.

[candid elk]

Yeah agreed, not thinking fuel specifically, more like blueprints or something, fuel as far as I’m aware will not be the only p2e feature of the mini game

[candid elk]

Also agree with this, which is why it would be tricky to do

[mortal merlin]

I agree

Hard for us to be objective also haha but we needed to take a decision to get things rolling.

[torn seal]

its hard to price plot if you don't know how much revenue it could potentialle bring right?

[mortal merlin]

Its a tough balancing act

[sharp galleon]

I mean there is no solution to this problem it has existed since forever. You can do first come first serve, but then all the bots/whales will buy up anything, gas will explode and most plebs will be left behind with failed TXs asking themeselves why they paid $1k for nothing but a failed TX. Or you make a regular auction, were whales basically win also. You could do a raffle, but that will turn a lot of whales of, which btw are important for the game success believe it or not. These guys are buying rare land for a lot of money which they dont know if they can sell for more later on. Dutch auction is actually the fairest solution and the wealth maximizing one to from the ecosystems perspective. What would you propose?

[candid elk]

Haha absolutely, at some point stuff need to happen, if we discussed until everyone is satisfied, the game would never be made 😆

[candid elk]

I’m thinking down the line, not during the land sale. The barrier to entry will be insane 6 months from now (elaborated a bit in the messages after the one you responded to) 🙂

[sharp galleon]

yeah just saw it, it's a hard problem, but if anyone solves it it will be the ILV team

[candid elk]

Completely agree, that is why I wanted to bring it to Aaron’s attention, and a couple of days ago, he said he was thinking of possible solutions. I for one, am not smart enough to come up with a solution lol

[brisk gull]

Maybe some expansions along the way with new land to reflect more accurately the increasing amount of player?

[torn seal]

absolutely right imo. I am not a whale and i would love myself a plot of land but I think the dutch auction is the fairest and most benefiting way.

[brisk gull]

Or paid building you could buy on your T0 land to start producing fuel.

[candid elk]

This is interesting, @mortal merlin brought up the point that we need to preserve the value of the land purchased, this might lower the value though, so it might make existing land owners unhappy 🤔

[candid elk]

I only think fuel production should be for the land owners, as the fuel economy might get out of hand otherwise due to Bots that exploits the low barrier of entry

[brisk gull]

We have new gen of illuvials coming along the way, there might be a way to make the same thing with lands, with different ressources which would not devalue too much the first land.

[brisk gull]

Or as you said, a building you would buy with ETH, so you could start scanning illuvials and get blueprints.

[candid elk]

Yeah interesting high level suggestions, not really sure if it would pose a problem once we dig deeper into the mini game mechanics though

[frigid brook]

just take any market as example, if you have an asset and sell it, and latter on you make more of it, the price will go down, is just the law of supply and demand

there could be some sort of mechanic where you can rent your land

got into the discussion rolling worry if this was already said

[brisk gull]

This is interesting because whales could buy a lot of land and then, rent all of them. That would be real passive income since they would even need to play the game.

[frigid brook]

and the land would be available for new, and old players

makes the market work, with more people looking to buy coins

[mortal merlin]

What if the land produce more than what you rent it for?

Wouldnt be interesting for whales to rent it

[brisk gull]

Why would you do that?

I mean, you need to be able to choose the price you rent it for.

[mortal merlin]

We could explore the option later once the minigame is fully functionnal tbh. We are maybe trying to fix things that dont need fixing too soon.

[frigid brook]

just put a cap on howmuch a player can produce

not sure how to implement it, mabe like a player can only produce X amount per land

so if one hit the cap on that land, you needed to rent yours and rent another one to produce more

or make you pay to produce more, making someone able to farm 24/7 with no extra costs may break the economy, it would depend on the numbers ( big math must be involved)

or make it actual playtime consuming wale's usualy invest in more than one place so it would be better to rent it than spend actual time doing it ( there's many options to make it viable) but is just an idea 😄

[glad laurel]

In the case of rentals, it MUST produce more than it costs to rent - otherwise there would be no point in renting. If you can generate X passively and Y playing efficiently/optimally, rent would fall somewhere between.

Owners get higher income than letting it sit - renters make some profit by optimizing the asset.

[brisk gull]

You are right, must had a brain failure while typing that. 😆

[sacred basin]

If the mini game does not end up being linked to the main game economy are there other plans for utility?

[ivory vine]

Maybe wait first what the final proposal now is going to be? 🙂

[sacred basin]

Hahaha fair I know it’s only prelim info out

[mortal merlin]

You guys need to read the GDD again please.

Land owners only get 5% of the fuel revenues.

Not 100%

So they cannot break the economy since the DAO controls 50% of the supply pressure.

It will actually stabilise the fees to play the main game over time

[brisk gull]

TY for putting us back on track, Lord Rah.

[little wagon]

I am actually more worried if 5% is enough to be attractive lol

[broken dew]

So is there a time frame set out for the land sale ?

[undone ginkgo]

So it's gonna be a dutch auction. I'm soooo excited.

[brisk gull]

All lands will increase in value the more player there is, it's an asset.

[potent dock]

While I really want to get in on land (and probably won't be able to with Dutch auction), I still think it's the best system given all the information we have.

Most of the "equitable" solutions lead to bots or whales kicking the shit out of normies like me anyways, so we may as well have a solution that extracts maximum value per land.

The only thing I'm concerned about is that if land is TOO important for regular gameplay, it could lead to a lack of player participation, and you'd end up with nothing but landowners playing.

[grizzled helm]

If land become too important/too controlled the DAO can propose to change the mechanics and relationship with the main gam

[potent dock]

True!

A large playerbase will provide a lot of net benefit to the DAO, and it'll be up to the DAO to make a decision if or when it comes time to balance cost of entry/participation with participation.

[little wagon]

I get that, but it isn’t an answer to my worries is it? I still have to see if 5% of what I make on my land will be enough to make it profitable enough. The investment and after that the time it requires to make it all work for me must somewhat be profitable....

[fallow igloo]

Won’t it always be brining you basically passive income? So eventually it will be profitable, is that not enough?

[severe thorn]

where is the GDD pinned? I couldn't find it last time I looke. This is different than the tokenomics medium article correct?

[fallow igloo]

It’s pinned here in this channel, Aaron posted it with a spoiler cover on it

[severe thorn]

Oh! I think I wasn't able to open it last time because I clicked on the spoiler and it'd take me to a random spot high in the discord chat, I see it's posted right above that though. Thanks

[fallow igloo]

Glad to help

[mortal merlin]

5% of all revdis divided by the amount of fuel your land produce will be ridiculously high hahaha

Only 100k lands also

For a projected player base of more than 2M easily for the main game

[rotund owl]

Will the Land just be available on Illuvium io or how will you aquiere the land?

[mortal merlin]

Unknown for now. They will build the platform for the sale.

[grizzled helm]

It will likely be similar to the IDO in terms of the team building a custom dashboard to buy

just expect amazing UI as always and let them do the work 🙂

[rotund owl]

what will the price be?

Wont whales buy everything immediatly?

[severe thorn]

That was actually a solid read, ill be going through it a few more times to fully digest it before it goes live.. Just to clarify though that's not all set it stone, the proposal still hasn't been voted on yet and changes could be made still?

[mortal merlin]

The new proposal should come today or tomorrow

[severe thorn]

Ok, I seen Santiago for council on the governance channel before I asked. Left parafi capital and came to Illuvium 👀

[viral star]

I also realized technically as a token holders we earn 95% of what all land produces - right?

Thought it’s was that 5% goes the the specific land owner the rest to the doa

[mortal merlin]

Land + Dao yea

[fallow igloo]

Yes you are correct sorry, I had it wrong

[viral star]

All good! I’m so pumped to read it. I’m starting to see the bigger picture a lil clearer 😅

[earnest haven]

Can one player get multiple land packages?

[mortal merlin]

Yes

You can play several lands

[shrewd moon]

Is the rev dis given in ILV? So basically the APY I see on my staking pool will increase? Or is there another way to see exactly how much revenue we are getting as stake holders

[cosmic aspen]

revdis is distributed in unlocked ILV. it is a separate mechanism from the staking UI

to napkin math revenue it is: ((totalRevenue/totalStakedTokens) * your staked token amount)

[shrewd moon]

So basically there will be suddenly be a button that I can press for free ILV? When the devs distributes the rev, or will it add into my current tokens

[cosmic aspen]

i've always assumed the revdis would just be ILV sent to your wallet...but i'll get back to you on that

[potent dock]

Hmm... for the land sale, will revdis be affected by stake weight?

[shrewd moon]

Thanks

[cosmic aspen]

yes, your revdis is affected by your staking weight

that;'s why i noted "napkin" math above 😛

it's a bit more complicated, due to the variance in weights within each pool

[potent dock]

If it works like yield, it's per token first (to choose which pool it's feeding into) and then by weight within the pool, correct?

[cosmic aspen]

i believe so, yes

[cosmic aspen]

ILV from revenue distribution will have to be claimed, similar to the staking claim (but there will be no lock on it). just confirmed this

[shrewd moon]

Thank you😃

[undone ginkgo]

sooo rough estimate on the timeline for land sale anyone? I know things are still being discussed but anyone got any rough ideas?

I just want to time my rewards so i can claim sILV right before land sale comes 😄

[dusk scarab]

Will you be able to purchase land with silv

[cosmic aspen]

yes

[dusk scarab]

Any idea how much approx? Or is it a bidding system

[cosmic aspen]

you will have a very generous heads-up before the land sale, 6-8 weeks of warning is the current idea

[undone ginkgo]

that's awesome. Thanks!

[grizzled helm]

It will likely be a dutch auction format

If approved

[undone ginkgo]

I'm so hyped right now just imagining virtual lands LOL

[dusk scarab]

How much would it cost I reckon. Upwards of 1 eth just for a single plot?

[undone ginkgo]

it's dutch auction so no one knows yet. it all depends on the bidders.

[cosmic aspen]

https://tenor.com/view/you-just-gonna-have-to-wait-to-find-out-fiona-frills-do-you-want-to-know-stick-to-us-stay-with-me-to-find-out-be-with-me-and-youll-find-out-gif-20942100

[potent dock]

Personal speculation: You won't get any land for less than 1 ETH.
I'm starting a lemonade stand in my front yard to save up.

[grizzled helm]

I already started 😉

[queen folio]

Perfect time to do so… it’s been hot out there! (Well here in Texas anyways lol)

[tacit cliff]

so the land is...

cosmetic skin of battle board?

[glad laurel]

https://discordapp.com/channels/760344898200666112/857471213513605140/867823747989504000

[static raptor]

when roughly would be the landsale? lots of people thinking about if they should save their silv

also if you wanted to discourage a silv market you could make half the land sold in eth only and half in ilv only. So they dont compete/overlap

[glad laurel]

https://discordapp.com/channels/760344898200666112/857471213513605140/875177639495757925

[low geode]

Wow that spoiler document was amazing! This is so much more than I thought it was. It all sounds so amazing...I cannot wait!

[vivid cipher]

Hey joe. This is from the first GDD from Aaron that is pinned in here. Marked as spoiler.

[static raptor]

oct/nov perfect thanks bro @vivid cipher

[vivid cipher]

That was the initial estimate at least. But the goal is certainly to make it well and quickly.

[dusk fox]

Hi guys, I have a question: If Land sale. Can I use some more ETH when sILV not enough to buy?....like example: 1 Land for 3 sILV, but I just have 2 sILV...so remaining 1 sILV, Can I pay it by ETH?

[mortal merlin]

Hum probably not

Since we are dealing with crypto transactions

Total needs to be paid in full

But maybe you can find people you trust to sell you the missing sILV for eth

[amber atlas]

Obviously time lines will stretch a bit given July is in the past :)

[vivid cipher]

Dang Johnny you’ve got a lot of roles. I love seeing how skilled all of these devs are.

[formal ember]

Im a bit confuse is the land is something we can use in-game?

[amber atlas]

I think maybe that is a bit misleading, internally the roles grant access to certain channels, because I look after tech I need access to most channels

which is not to say I'm not skilled cough 😉

[amber atlas]

as per the proposal the land is used in the mini-game, you build things on the land, which can generate fuel and blueprints which are used in the main game

[formal ember]

Hmmm, the blueprints will reveal illuvials which land-owners will get the advantage after the release.

[amber atlas]

they are like plans which are required to craft items

[formal ember]

Oh, Okay.

[bitter glade]

Weight matters, but only relative to your pool.

[bitter glade]

Needs to be claimed.

[arctic grove]

Does it have the 1 yr vesting period?

[vivid cipher]

Mmm so locking for 12 months (or less) is what gets factored. Not that it’s in either SLP or ILV pool.

[bitter glade]

Johnny is tech director. All the other roles are for access. If we had a hierarchy then he would have the tech role version of what @violet karma does.

VN directs and ensures all the art is great and makes sense. Johnny does that for all technology.

[bitter glade]

No

[vivid cipher]

Ah well great work Johnny

[arctic grove]

Nice good to know

[bitter glade]

Correct.

[vivid cipher]

Rev distributions are unlocked.

[bitter glade]

You cannot “catch” illuvials in Illuvium:zero. Only scan and research.

The reason is that you play as a lonely drone thrown onto a broken planet and you have to build up a research base.

In Illuvium you play as a crash survivor who has to capture the illuvials through combat in order to <redacted> but also to build up a team and become the best ranger.

[formal ember]

So scanning does reveal their locations?

This sounds really fun thou. 😋

[bitter glade]

Illuvials move around A LOT. Let’s just say they are better movers than you, even the slow ones.

[amber atlas]

scanning reveals their 'bio-data' which you can use as the basis for further research to develop blueprints that are related to the Illuvial... conjecture only but it could be some kind of fire themed weapon tied to an Illuvial with a fire affinity

[formal ember]

Ok thanks Johnny!

[hallow sage]

<redacted> = become a Pokémon Master

https://tenor.com/view/lizard-laughing-laughinglizard-hehehe-gif-5215392

[amber atlas]

lol

[arctic grove]

sigh I’m going to put an unhealthy amount of money into this game 😔

[vivid cipher]

Survive…solve the puzzle that is the planet illuvium… determine their origin… solve the time and space paradoxes that keep popping up… so much cool lore potential

[hallow sage]

looking forward to it

[junior depot]

What happens if it was solved would there be a prize at the end? 😆

[vivid cipher]

https://tenor.com/view/i-guarantee-it-gif-4634339

[tacit cliff]

so it like development in technology relate to illuvials?

sounds great

[dark kettle]

Any mention of when the land auction will be?

[vivid cipher]

Yup. #🎮〕illuvium-zero message it’s in the first GDD

It’s all estimates of course

[dark kettle]

Oct/Nov possibly, thanks.

[dim crane]

hey every body, is there a frequently asked questions section in regards to land sale that i can look at?

[grizzled helm]

check pinned and search messages

[dim crane]

whats illuvium zero?

[vivid cipher]

The mini game described in the pinned GDD under a spoiler

[dim crane]

awesome thank you

[vivid cipher]

It’s another game being proposed by the DAO.

[river spear]

hope a pleb like me can afford and participate in the land auction😩

[dark kettle]

So do rewards from rev dis get locked when you claim them like staking rewards do?

[ivory vine]

!revdis No 🙂

[dry forge]

The tokenomics of this DAO include a 100% revenue distribution (could be subject to change - DAO governance). This means that any kind of revenue generated through sales or in-game revenue is distributed back to holders of staked ILV. The same max supply of 10 Million ILV will be used for this purpose regardless of how many games the DAO develops.

Revenue distribution is paid out in the form of unlocked ILV and the payout is done multiple times a week without a fixed schedule. Before paying out revenue distribution, the vault converts ETH spent in-game into ILV by buying it off the market which puts buying pressure on the ILV token and thus supports its price development.

[dark kettle]

Man that is such a good, self propelling way of doing it, sick.

[dense umbra]

So how would this work if the ilv token was to be listed on Binance or any exchange and their not staked would it cause and arbitrage

[graceful sleet]

Land auctioned off in the land-sale and paid with ETH will count toward revdis, right? And if so how much of it? 100% or a smaller fee?

[cosmic aspen]

all of it

[graceful sleet]

what exactly does the last part mean? I thought pool weight does NOT matter for revdis? So lets say I have 1 ILV flexible staked in the ILVpool and 1 ILV worth in the SLP pool timelocked for 1 year the latter should reward me twice the share of revdis, right?

And is there a timeline when the DAO votes on the proposal?

[potent dock]

It means that first, coming out of the vault, it looks at total tokens, and distributes them between the pools based on the number of tokens in each pool.

Within the pool, it looks at your token weight.

[graceful sleet]

got it. thanks

[bitter glade]

Exactly this.

[bitter glade]

No. First I need to put the proposal in there. It's ready apart from not quite being ready. 😛

But I think they will vote fast. And fingers crossed they vote yes on proposition IZ

[graceful sleet]

It would be really awesome, Aaron, if you guys could maybe do a medium article and/or youtube video that gives a TLDR of the GDDs. For people like me not familiar with GDDs its a bit overwhelming to understand everything

Especially an easier explanation of the tokenomics would be helpful before the auction takes place

[bitter glade]

The document was my attempt to make it straight forward...

https://tenor.com/view/reaction-mrw-i-have-failed-you-obi-wan-kenobi-gif-4991213

I can do it. But I can't say when. I'll attempt a really quick one here though

[graceful sleet]

What was difficult for me was to understand what exactly are the benefits of owning land and how the tiers change those rewards. Will the land generate passive fuel income without actually playing?

[little wagon]

Is the document published here too at the same time, or just only after the voting?

[bitter glade]

1. Build stuff.
2. Some stuff you build generates 'fuel'
3. Claim fuel as an ERC20
4. Swap Fuel for ETH.

---

In Illuvium

1. Swap ETH for fuel.
2. When you use the forge, it asks for fuel. Give it.
3. Fuel is burned, and you get your stuff.

[graceful sleet]

you are owning it in all other aspects, though. I therefore forgive you 😉

[graceful sleet]

the document can be found in the pinned messages. Have to click the spoiler button

[little wagon]

The final one I mean. The other two I’ve already read 😏 😉

[bitter glade]

Land

1. Tier 0 - virtual virtual land. Can't create fuel erc20.
2. tier 1 - 5 real virtual land. Can create fuel erc20
3. Higher number land can produce more ERC20 fuel.
4. Higher number land can find higher tier illuvials to research.
5. Tier 5 land gets something... unequivocally insane. It's going to be a banger.

---

Does that clarify?

[graceful sleet]

Mostly. Thanks a lot. One more thing. in the GDD Tokenomics in the "Fuel Liquidity Pool" section. The graph shows that Land Holders gain ETH. How does that work?

[little wagon]

Ok, now I want tier5 so very badly!! Can we read the proposal which is voted upon at the same time of voting or after the vote?

[graceful sleet]

Haha same

[bitter glade]

You will be able to read it before

First I put in the proposal, then it gets turned into an actual IIP

then a vote happens that takes 3 days

[bitter glade]

the details of Tier 5 land will not be in the proposal. And also... you probably won't be able to get tier 5 land

There's only going to be 7

[little wagon]

😭

[graceful sleet]

@bitter glade any word on how land holders gain eth as can be seen in the tokenomics graph in the gdd?

[little wagon]

We should set up a cooperation to get tier5 with a group of people 🤔

[graceful sleet]

maybe it could be fractionalized? https://fractional.art/

[cosmic thorn]

They gain ETH by selling the fuel they have produced on their land

[little wagon]

Only thing is how to distribute the revenues,...

However, I think my funds are empty anyway when we arrive at tier5 land hahaha

[bitter glade]

I don’t understand the question. It is exactly as outlined in the tokenomics article I posted.

[bitter glade]

Possibly.

[bitter glade]

I won’t be getting one either. 😦

[graceful sleet]

I got it know. I was confused that there is some kind of passive ETH income. But the ETH just comes from selling fuel. thanks for taking your time

[nova quartz]

will all land be put on auction at the same time or will we start with lvl 5, then level 4 and so on?

[bitter glade]

It will come in stages.

[tacit cliff]

Hmm stages . . .

ILV and land

omg my wallet😆

[broken dew]

what then is the purpose of tier 0 land ?

[broken dew]

I guess to produce resources which can be sold to others who can turn it into fuel ?

I know pricing details are not yet known, but as a general concept, are we expecting only whales to be able to get hold of them, or is there decent chance that a regular retail investor that's excited about the game will be able to get hold of one or more?

[pseudo fiber]

I believe it is just a free to play land so people who are interested in playing the game purely for fun can partake without buying land.

[broken dew]

but isn't the purpose of land to generate resources for use in the main game ?

sorry just reading through the docs now, it seems as though generally the buildings are geared towards one of a few production trees. But the end goal of each tree is to supply some kind of resource to the market.

[pseudo fiber]

there is a building/resource management minigame as well. you know how people play those random city building/farming games, probably something like that

[broken dew]

Yeah that's fair, I just getting to the end of the doc, seems like there will be a building you need to build in order to sell the resources to market, and that building cannot be built on tier 0 Ithink ?

One part that seems a bit concerning is that it seems the resources on each plot of land have a limited supply. Given then that there is also a limited supply of land, inevitably we will eventually reach 0 supply for all resources, meaning the mini game has a finite life-span ?

Also implies that the value of land decreases over time.

(assuming of course that the owner mines the resource)

Ah I think I misunderstood, it is possible to generate the resource without a source, just much less efficiently

[bitter glade]

You can play the game?

[broken dew]

Yeah think it got answered with the little discussion with bade 🙂

Was I right in thinking that it will always be possible to generate resources with generators, it's just less efficient than extracting from sources, which are finite?

[ivory vine]

#🎮〕illuvium-zero message

No Fuel ERC-20 from Tier 0 🙂

[broken dew]

Yeah I understand that, thanks :). But as a separate question - am I right in understanding that resource nodes are finite. But resources can still be generated without nodes at a much less efficient rate ?

IE eventually all resource nodes in existance will cease to exist - but the game will still continue to create those resources for the market at a lower rate ?

[bitter glade]

The virtual land (T0) can be thought of as a non blockchain game. It's just a city building game.

T1 - 5 are the ones that have a connection to the blockchain.

[bitter glade]

Sites (resource nodes) don't deplete

[broken dew]

Ah ok that eliminates a lot of problems xD

Thanks Aaron, I may have lots of questions lol. Sorry am very excited about the game - have been looking for (and wanting to build) something like this for a long time.

[broken dew]

So guys, I think it's probably a fair estimation that whales will not be gamers (they won't have time to compete with real gamers as they are busy making a shit ton of money elsewhere), given that it's likely that most land ends up in the hands of whales, are we expecting a renting system or something similar ? Or just looking at the whales re-selling down the line ?

[cosmic aspen]

is that really a fair estimation though?

[broken dew]

I guess there might be exceptions to the rule, but generally speaking wouldn't the very rich be busy being CEO's etc ?

[trail kayak]

most lands ends up in hands of whales

not sure where you got that idea... there are varying levels as described in the gdd, those with a lot of resources will probably go after higher tiers, but that’s not the same as them ending up with “most of it”

the more that is spent on land by whales and shrimps will benefit both so long as they’re staking

it’s in stakers best interest to generate as much revenue as possible (or burn ilv for silv)

[potent dock]

Most land will end up with crypto nerds who like land and like to speculate.

Not to generalize whales, but utilizing land in ILZ is something some whales will not care about or want to bother with.

[brisk gull]

I think few peoples can compete with real gamers. Whales can be casual gamers as most of us are. For sure, whales could buy more land that they can take care of, so it would be profitable to have a renting system imo.

[brisk gull]

I think most of the whale are not CEO.

[broken dew]

you get my drift though, generally speaking those that have a lot of money tend be very busy in the ventures that made them that money.

Generally speaking I would not expect people that put 70hours + a week into games are going to be the wealthiest people on the planet.

[brisk gull]

Depends if they win a lot of fortnite tournament 😆 but yea, I get it. That's why I agree with you regarding the renting idea, I did not think much about the possible downside but it seems to have potential.

[rotund epoch]

Did they say if there’s a limit on how much land can be bought during the sale?

Just need to know if I’m allowed to buy all 7 tier 5 plots.

[bitter glade]

I try to spend a couple 30 min sessions per day answering as many questions as I can in the discord. So don't worry about it. If I don't have time to answer, I don't.

[broken dew]

Fair enough 🙂

[broken dew]

lol Rawkus, wanna fling some of that blind this way ? 😆

bling*

[mortal merlin]

Wonder if a renting system would devalue the lands. Gonna think about it. But its another thing that would need to be built by the solidity devs and that sounds like a scholarship

[vivid cipher]

Yeah. I had an idea and drew pretty much the same conclusion. I think there are better options than land rentals anyways. #🎮〕illuvium-zero message

More like mineral rights

[tardy burrow]

This is awesome. as someone who is hyped about the game but also hesitant to whale into a project with no actual gameplay shown, this kind of stuff goes a long way

[potent dock]

I appreciate the time you take every day! It helps out a ton!

[wind briar]

Someone who actively works on the land earns more than the person who is not managing it right? Seems like having a "manager" for your land is the way.

[rotund epoch]

I guess the debate is whether we care or not if land owners actually play the game or not. There’s probably no reason to rent it out if you’re just going to use it yourself.

[mortal merlin]

Tbh if whales dont use their T4 and T5 lands, rejoice.

Means your share of the fuel pool is bigger.

[vivid cipher]

The thing is there will be mechanisms available to high tier lands to stack fuel without user input.

Which is fine. That’s what creates the value for the higher tiers

[wind briar]

What happens if Illuvium Zero makes more revenue than Illuvium ? Do we switch the names

[bitter glade]

We posted some actual gameplay last week. That battle was literally just putting the units on the board and pressing play.

[wind briar]

I can imagine alot of ETH being sent to RevDis on release to get them juicy buildings built quickly

[mortal merlin]

Only the forge or everything?

[bitter glade]

I appreciate you! Well actually I don’t really know you. But your name seems vaguely dirty and that’s pretty neat.

[bitter glade]

But if a rental system of some sorts was automate then people would be more willing to go all in on land and maybe that adds to the vault?

[vivid cipher]

It certainly would need to generate fees

[bitter glade]

Illuvium: Well This is Awkward.

[vivid cipher]

maingame / MINIGAME

https://tenor.com/view/jack-jack-giant-baby-crying-baby-tantrums-gif-14539345

[bitter glade]

Well I will say this. The Tier 5 concept is fucking outrageous.

I’m properly angry that I didn’t think of it.

[thorn crown]

how about making 1 of the Tier 5 land be a tournament prize. juicy stuff!

[mortal merlin]

A 50M$ price?

Seems too generous

[bitter glade]

That would be like saying the winner of the World Cup gets…England.

[wind briar]

Fair prize imo

[thorn crown]

welp the international has a prize close to that maybe we can out match it. just saying 😄

[tardy burrow]

Is there any concept of having a "wild area" on land (or elsewhere in the game) where your captured illuvials can roam about? would be pretty sweet to be able to show off and see your team

[bitter glade]

I have watched every “The International” and bought every battle pass. I’ve been around the world to watch tournaments live. I tried to train a semi pro team in League of Legends.

I am all about the competitive space.

Who knows what will happen but I want some big prizes.

[mortal merlin]

@bitter glade Fuel will replace all action costs in main game right?

Cause you only said forge

[thorn crown]

there you go. i have bought every battle pass too. so lez go competitive in the future!

[trail kayak]

any hints at tier4?

[bitter glade]

That is the plan. The only one that is not really a “forge” thing is travel but for cleanness we will do that too. At least unless you vote against it.

[wind briar]

You selling your account?

[bitter glade]

Tier 4 is all about the Benjamins.

[mortal merlin]

Nah sounds good. You need fuel to activate the obelisk

[bitter glade]

Never.

[mortal merlin]

There we go

Solved

[bitter glade]

But fuck you for tricking me into giving away secrets.

Lol.

[mortal merlin]

[thorn crown]

he deleted instantly hahahahaha

[bitter glade]

Curse you 2am. You win again.

[river spear]

https://tenor.com/view/i-saw-that-gif-14729957

[trail kayak]

damnit i was reading it when it got deleted

[mortal merlin]

He becomes leaky leaky late at night

[thorn crown]

https://tenor.com/view/oh-its-so-juicy-aimee-garcia-ella-lopez-lucifer-really-juicy-gif-17399642

[mortal merlin]

He cant remember what he said already

Heheheheh

[bitter glade]

Ban for anyone who snitches.

[mortal merlin]

https://tenor.com/view/salute-yes-sir-soldier-respect-gif-15342227

[thorn crown]

https://tenor.com/view/homer-simpson-hiding-oops-im-out-im-leaving-gif-15737413

[bitter glade]

Except me. The real idiot.

[mortal merlin]

I tried

Dont have that kind of power

[cosmic aspen]

selling the screenshot of the secret, bid starts at 10 ETH

[thorn crown]

make it 15 eth GIF style

[cosmic aspen]

minting the NFT right now

[river spear]

I'll list it at opensea

[cosmic aspen]

[vivid cipher]

Dang. I missed it again. Still some sneaky info in here though. I wonder… maybe…
Benjamin’s=100 tier 4 total.
T5 is like owning a country = t5 is owning a region… maybe like a fiefdom system

[latent sparrow]

just checking out the unofficial design docs. Looks fascinating, lots of potential!

[tidal marsh]

Did I miss something? Was there another announcement about land sales?

[vivid cipher]

Not really. Just an accidental leak of some game info I think.

[tidal marsh]

Gotcha

[vivid cipher]

The proposal for the minigame can be expected to drop soon. (This week or next week maybe)

[tidal marsh]

Also, has it been said if it's only sILV that can get you land or can you buy with ETH as well?

[ivory vine]

Both 🙂

[vivid cipher]

Either one will be the proposal

[tidal marsh]

Perfecto

I'm not staking enough ILV 😆

[vivid cipher]

https://tenor.com/view/never-enough-gif-20982032

[sharp galleon]

Any leaks on how many Tier 4s there will be? Tier 5 will be seven OK, but Tier 4? Will I be able to snatch one

[trail kayak]

i was guessing 100 based on that, or maybe related to the movie benjamin button where illuvials age in reverse

[vivid cipher]

I'm sure it will be clearly staked in the upcoming IIP

[bitter glade]

There will be plenty of Tier 4.

[brisk gull]

Big gap between T4 and T5 then. So excited to see what T5 will look like, even tho I wont be able to afford one.

[mortal merlin]

I bet T5 will go for at least 5M each

Crazy shit

Probably custom designed hahaa

1 per region

You have the obelisk on your land

[glad laurel]

https://tenor.com/view/the-universe-tim-and-eric-mind-blown-mind-blown-meme-mind-explosion-mind-explosion-meme-gif-18002878

[brisk gull]

I see that going a lot higher than 5M since each of them will be unique, long term at least.

[slow cedar]

$5 mil? Anyone want to go halves? Although it does make me wonder if a group of us could band together and out whale the whales

[vivid cipher]

how though?...

[low geode]

Still in awe of all this voodoo magic. So exciting.

[brisk gull]

Everyone would need to have access to the same land in the game. Also spreading ownership through multiple addresses, it would surely had some complexity, if doable.

[open harness]

Feels like land will be sold in an auction style, bid it up

[glad laurel]

Just send me the ETH and I'll buy a tier 5 and split the proceeds. Promise.

https://tenor.com/view/i-promise-you-promise-swear-curse-take-an-oath-gif-15760964

[vivid cipher]

!scam

[dry forge]

This is a reminder to never give out your private key (12 to 24 word seed phrase) to anyone.
Nobody in the team will ever ask you to send ETH. There has been increasing activity of DMs in this Discord related to scams and fake giveaways.

Any giveaways/promotions will be announced on official channels. Not in Discord DMs. #🚨❗〕report-scammers in the linked section with a screenshot of the message you got in DM's. Also include the "@ username" in text and we will ban them. We are growing fast and there are targeted scams going around. Only trust links from official channels.

[vivid cipher]

I know you are joking

[little wagon]

Haha.

[sharp galleon]

Ok sir thank you

[slow cedar]

I'm just thinking off the wall. I'd seen an in chain gaming video about trying to get the community to buy one of the citadels in mirandus. No idea how practical that (or this) was

[unreal bobcat]

I'm only taking my rewards out to try and buy land :P so the longer we wait to bid on land the more sILV I'll have to bid perfect!

[pale kettle]

There will be a land sale in Illuvium?

[azure gyro]

Yea look at road maphttps://docs.illuvium.io/whitepaper/roadmap/

[tardy burrow]

check out the Illuvium Zero GDD in pins here. There will be a proposal submitted to council soon and pending approval there would be a land auction

[minor sage]

What you will be able to do with an island?

[azure gyro]

@minor sage I'm not entirely sure I just know they're trying to get it put together. I don't really follow it I just read it on the roadmap

[rare flame]

It's talked about in the whitepaper. My understanding is that it earns materials useful for the game. The main one being types of "Fuel" which can be used for various things and is traded in the market. In addition, you can reserach illuvials to get their bio data to sell, as well as research and create blueprints which you can use or sell. I'm sure I missed some things but that's some basics.

[azure gyro]

Thanks for explaing! So almost like you can sell materials and/or resources which will give an advatange to players.

[odd pumice]

Exactly or sell for a profit to players that don't want to grind. So a little economy part in the game.

You'll also be able to build buildings and some are so big that you need multiple land plots. So you might be able to flip your land later if a whale comes in and needs a lot of land plots.

[azure gyro]

Sounds interesting I’ll definitely have to keep my eye on it

[ocean hollow]

tier 5 is 50 eth at least....

[glad laurel]

https://tenor.com/view/please-donate-become-the-knight-contribute-please-give-us-your-donation-i-need-your-donation-gif-19099226

[ocean hollow]

im 1 eth short... too bad

[glad laurel]

https://tenor.com/view/ill-take-it-gif-11482798

[plush turtle]

Since it's a dutch auction, you might be able to snag 1 if you put a lot of bids from 0.1-0.9, since there's lots of land

[blazing briar]

I think there might be some misunderstanding of the Dutch auction. The price will just go down, generally linearly, until we sell out or it hits 0 at which point they're free. Buyers can wait until their desired price hits but it may sell out before then.

[ocean hollow]

isnt it segregated by tiers though? i doubt 0.9 will win for tier 5

[blazing briar]

Yeah it'll be separate auctions for each tier

[ocean hollow]

and theres only 7 tier 5 afaik... so extremely rare

[plush turtle]

Can't see what other people bid on though :>

[blazing briar]

It's not really a bidding war, you just buy when the price hits your target. People will probably start buying heavily at a certain price point though yes

[mortal merlin]

Absolutely impossible hahaha

Will be something like 100 eth or something

[low geode]

I wouldn’t say there is a lot of land either. 1000 tier 1, then significantly smaller numbers as tiers go up.

[mortal merlin]

There is 100 000 lands total

First sale will be 20 000 if upcomming proposal is approved

So a lot more than 1000 t1

[dark kettle]

Noob question: What does GDD stand for?

[cosmic aspen]

game design document

[blazing briar]

got damn donkey

[dark kettle]

WAGMI

[vivid cipher]

My wild guess is 70% reduction from each tier. Maybe too steep but I thought 50% too shallow. 14,000-4200-1260-378-48. Nope that’s wrong. Gonna be steeper than that.

Maybe increasing reduction… 75-80-90-95-? Down to like 1 t5 land

We shall see I guess. Math can be fun though.

https://tenor.com/view/nerd-alert-bumper-adam-devine-pitch-perfect-lame-gif-17474980

[tacit cliff]

https://tenor.com/view/doug-maclean-mac-kyper-kypreos-nick-kypreos-gif-22264825

[vague briar]

If I get one T1 I'll be happy. it'll be my own little shire, away from the hustle and bustle of the big folk.

[tacit cliff]

build your resort there 😆 😎

[twilit osprey]

Hi there. Is it possible to try beta to play?

[tacit cliff]

not launch yet

[grizzled helm]

#795444126421483520

[tacit cliff]

check beta-tester-request server

[tacit cliff]

https://tenor.com/view/sabrina-the-teenage-witch-salem-oh-really-cat-gif-13344661

[arctic grove]

@mortal merlin do u ever think there will be a benefit for rangers in discord? like has that ever been in discussion lol

[grizzled helm]

no

[cosmic aspen]

the benefit is you can post glorious gifs

[grizzled helm]

^^^

[arctic grove]

😔 trying to find ways that would make me special enough to get whitelisted

[vivid cipher]

No whitelist

Did you miss that bit?

[arctic grove]

cuz im a pretty average joe lol

[arctic grove]

Oh yea I did was there new word on who would be able to purchase land?

[cosmic aspen]

everyone and anyone

[arctic grove]

well i guess thats good and bad, is it gonna be an auction or just first come first serve?

[grizzled helm]

dutch auction style

[cosmic aspen]

#🎮〕illuvium-zero message

[tulip scroll]

Could someone elaborate on ‘researching illuvials’ as part of owning land?

[arctic grove]

thank u sir, not sure what a dutch auction is but ill look it up (ah so basically it'd have a starting price and drop until people start buying)

Also wondering if owning just a single T1 will be enough to have an impact

[vivid cipher]

Have you read the GDD? Basically it will be a game mechanic added later that will allow for a portion of revenue to be earned from the total in game sales of certain equipment skins or something like that.

The upcoming proposal may have more info

[vivid cipher]

I mean it’d be more of an impact than holding 1 ILV.

[tulip scroll]

that makes sense, appreciate the info sir. I have read the GDD must've just missed it

[vivid cipher]

Maybe not. We had some mod discussions with Aaron

Basically we felt the fuel made more since to be the first use case for the land.

[slow cedar]

Will we have an in depth look at the tokenomics of fuel before the land sale?

[nova oak]

Will it be possible to participate in the land auctions with sILV or only ETH?

[glad laurel]

Either one

[ionic vine]

What is the maximum amount of land plots you will need for the highest tier of building?

[vivid cipher]

Yeah

[vivid cipher]

Was this not enough for you? #🎮〕illuvium-zero message

https://tenor.com/view/illuvium-squizz-king-squizz-ilv-gif-21923638

[shrewd moon]

When will the auction of land start?

[lost torrent]

After the proposal of the mini game has been passed

[cosmic aspen]

there will be a significant warning before the auction starts as well, to provide everyone enough time to claim sILV if they so choose

[shrewd moon]

Thx to both of you

[scarlet sentinel]

Wish there is some system to limit the number of land a person can buy.

[slow cedar]

I was more hoping for a comparison between how much things cost to do with fuel, how much different tiers of lands cost to buy, and how much fuel different tiers make so I can calculate the ROI and therefore my hopeful buy price

[vivid cipher]

There are ways to limit the number each wallet can buy. But that doesn’t do much. So why should we pretend like it does? I mean for real. What are the good arguments for limiting wallets to certain totals?

[vivid cipher]

https://tenor.com/view/wait-and-see-what-happens-gif-12955633

[tacit cliff]

how this dutch auction works? i'm curious

i remember the price is decline by time

[lost torrent]

/google "dutch auction explained"

[tacit cliff]

but that all i remember lol

[lost torrent]

correct, price starts high and goes down slowly until someone decides to buy at that price.

[tacit cliff]

that's nice , thanks

so whale'll buy it at the starting price

[lost torrent]

whales will be buying at any price probably

[tacit cliff]

https://tenor.com/view/sea-creature-hello-hi-hai-hey-gif-8173962

whale with 7 tier 5 land

https://tenor.com/view/drink-water-drinking-fish-thirsty-whaleshark-gif-17289007

[lost torrent]

he/she (all inclusif) will rule ocean and land !!!!

https://tenor.com/view/illuvium-ilv-illuviumio-whale-yield-farm-gif-22293367

[tacit cliff]

more related haha

[glacial lagoon]

Dutch auction worked well with YGG

[latent sparrow]

I want to be that whale

wen land4sale?? can we only buy with sILV?

[dark kettle]

Am i correct in saying that a dutch auction is where everyone places a hidden bid of the maximum they would pay for a certain product, then once the auction is over, they give the product to the top bids and work their way down the list until they run out of supply? 🙂

[glacial lagoon]

They will buy the high start price with bots and 10 holders will win the entire supply

YGG dutch auction happened within 2 blocks

[ivory vine]

Let that happen. Revenue Shares for every staked token holder would be ridiculous then 🙂

[dark kettle]

Yeah its a win win situation, if your bet is enough you get land, but if other people are betting way higher than the rev dis is better, honestly such a gamer move

[latent sparrow]

Wish I bought and staked earlier. Still go to tons of room to grow, but should I wait and buy on the dip? 😩

[glacial lagoon]

What if 800 $ is the dip?

[latent sparrow]

Lolll. that's an upward dip. should have bought sooner

[opaque rain]

Hey all, I haven’t read up much on the mini game here, could someone please advise the best place to get a summary, like the tokenomics link etc. thanks

[dusky ledge]

https://docs.illuvium.io/ if this is what you mean

[ivory vine]

Both GDDs can be found in the pinned messages of this channel 🙂

[brisk garnet]

guys i am way out of the loop and want to understand the land sale and uses for the mini game. ive read the pinned, but am still confused. can anyone point me to an in depth doc?

like, can i use eth for the land sale, or do i have to stake for sILV?

[ivory vine]

There are two GDDs to be found in the pinned messages explaining anything there is to know about the mini-game itself at this point in time. Land plots can be purchased with ETH or sILV.

[brisk garnet]

ok. ive had a coffee. i think i understand most of it now.

is there any plans for a governance proposal on whether the dawnlight badges will matter or not for land sales?

[ivory vine]

No whitelisting anymore: #809220563397902346 message

[brisk garnet]

ahh ok

[small star]

I hope I’ll be able to buy some lands. Seems interesting and multitude of potential usage

I’m just afraid there are so few lands available that price will be crazy or unable to get even one plot

[torn seal]

can one elaborate on that wording "The land sale would consist of 100k plots of land sold over a large timeline, in much the same way that yield farmed tokens are distributed. "? I dont really get it

thought its gonna be a dutch auction for everybody to take part

[ivory vine]

It means that land isn't sold at once but there will be multiple sales to distribute those 100k plots 🙂 A dutch auction is then used for those sales or at least for the first one. Who knows what approvals might go through afterwards.

[torn seal]

wonderful thanks.

[small star]

1000$ target price for level 1 land plot 🤔

[river spear]

source?

[fallow igloo]

That was mentioned but the official proposal has yet to be approved so the pricing is still unknown

[fallow igloo]

I believe its in either the GDD or the Tokenomics papers

[small star]

Yeah it’s in one of the gdd

[small star]

Especially if Deutsch auction … can become nasty 😢

[fallow igloo]

Potentially hard for us small folk, but good for the DAO if they spend a lot on it 😎

[small star]

I’m thinking long term though

Long term lane can be a crazy good investment while getting the % is a good lump sum but that all it is …

In the end, is it better to make a few whale bigger whale or a few thousands people having a better life ? That’s how I see lands impact

[tacit cliff]

yeah . . . only whale can do that

[wheat oxide]

Idea for starter pack HM?

[spark lion]

hello everyone, may i ask a question? if i stacking Sushi LP i get my reward as ILV or other coin like Sushi token?

[ivory vine]

Yield Farm rewards regardless of pool choice are claimed as either ILV or sILV 🙂

Also, for staking questions please use #🥩〕staking thanks 🙂

[spark lion]

oh ok ty sir, im newbie here 😄

[tardy burrow]

any tokens that are locked currently like seed, team, treasury also participate in RevDis, not solely just tokens that are staked right? So maybe will be a total of like 5-6M tokens in the revdis pool at land sale?

[ivory vine]

Treasury, team, seed are eligable for revdis despite being locked, yes.

[brisk garnet]

how much of each type of land will be on sale this round?

[small star]

According to the proposed documents, 10% of 100k lands. So 10000

[wind briar]

It will be 20,000 first time

[brisk garnet]

nice. any word on the distribution? How many of each Lv1, 2, etc?

[open harness]

is setting 40 sILV aside realistic to be able to buy any land lol

[tardy burrow]

i would think yes for at least a t1 land assuming 40slv is worth like 5-6 ETH

but we really have no idea what the market will be for land

[junior dust]

how muchj was raised in land sale?

[tardy burrow]

has not happened yet. still needs to be approved by council

[ivory vine]

Nothing, it hasn't even been approved yet 🙂

[junior dust]

ahhhk sorry thought i flciked through something

[tardy burrow]

@ivory vine do you have any idea how long the timeline is for ratification of the proposal and when it would go to vote?

[ivory vine]

No idea how long they still need for the ratification. Voting by the council is something I expect to happen somewhat fast.

[slow cedar]

I'm going to voice a concern. Land will be on layer1, with the hope of moving to imx mid 2022. I'm worried that if the game has too many blockchain interactions (build, upgrade, claim fuel etc) then gas could wreck the mini game

[bitter glade]

It’s a geometric progression for 4 tiers. Tier 5 can be almost ignored since there are only 7.

So sum of a geometric series with total 100,000 and n=4.

[slow cedar]

Explain like my IQ is single digit

I 'think' Aaron means
T1 - 76,800
T2 - 19,200
T3 - 4800
T4 - 1200
T5 - 7

Is that the rough quantities?

[mortal merlin]

https://tenor.com/view/déjàvu-drift-anime-initial-d-car-gif-17211916

[nova quartz]

never looked at it that way 🤯🤯🤯

[vivid cipher]

Wait has he said all of this before…? Lol

[mortal merlin]

No but the geometric maths to find the lynxes hahaha

[slow cedar]

Am I even right above with what geometric maths is?

[mortal merlin]

No clue mate

Imma try it tonight

[brisk gull]

I think you go a bit over 100k, but the logic seems to be there.

[bitter glade]

It’s a bivariate function so we can set t1 to any integer (within reason). It depends on the geometric ratio we want to use.

[bitter glade]

And the yield function.

[slow cedar]

That's exactly what I'd assumed in my analysis Aaron...

[bitter glade]

I haven’t checked if yours has a constant ratio but assuming yes, then yeah you are right.

[slow cedar]

Interesting. Thank you. I literally had to research it

[potent dock]

Just 1/7 T1 in the first sale?

I'm not stacking ETH for land sale anymore, I'm stacking popcorn lol

[bitter glade]

I’m actually up this late because I’m trying to solve a much harder system of equations using hyperbolic geometry for our UI but I can’t do it.

It is killing me.

[copper glen]

Aah the classic hyperbolic geometry equation problem… I have that issue all the time

[brisk gull]

It might be killing you, but it sounds so much more interesting than what I do for a living 😅

[mortal merlin]

Mafs in UI?

Lmao

[brisk gull]

Mafs everywhere

[mortal merlin]

I brought up this concern to Aaron on our initial read of the GDD

He said that IMX will work really fast for us or else

Hahahahha

Just kidding

But yea we might have like 6 months on L1

[slow cedar]

I worry that 6 months on layer 1 could kill the game, unless the blockchain interactions are kept minimal. Hopefully imx work some magic

[mortal merlin]

But I trust the team to find the optimal combination of smart contracts to minimize impact

Worst case scenario we wait for L2 before activating the blockchain bridge

We will see once they build it

[bitter glade]

Only claim and sell fuel are blockchain transactions. So it isn’t much more and it can be done in bulk. But I get your point.

We will work to solve it.

[slow cedar]

Sounds good already, and working to solve it sounds perfect

[bitter glade]

But if I’m too stupid to solve this math problem don’t pin your hopes on me. 😛

[brisk gull]

So you can accumulate it until you are confortable claiming regarding the gas price, as we are currently doing with staking. Seems fair until we are on L2.

[slow cedar]

You don't have to be smart, just employ smart people :)

[brisk garnet]

so is there only one L5 going up in this round then? Predictions on how much it goes for?

[grizzled helm]

100 ETH + for Tier 5

[brisk garnet]

(sorry that probably belongs in trader channel)

[grizzled helm]

Completely speculative

but I think there will be alot more demand once mini game deets are finalized and rolled out

[brisk garnet]

wild

[grizzled helm]

land with actual usecase!

[brisk garnet]

wait are there any character leaks etc for the mingame? or has the dev work not begun on that yet?

or are the characters exactly the same for both games? i have no idea whats even going on anymore

[brisk gull]

You can look into #809220563397902346, Aaron made a proposal and there is the ETA for the mini-game in it.

[cosmic aspen]

you should read the game design document!

#🎮〕illuvium-zero message

[bitter glade]

If we can’t come up with something better first.

[bitter glade]

You play as a drone. But nothing leaked yet.

Dang.

That is not going to cheap. Now I have to find another method.

[brisk gull]

Is it for the starting price of the dutch auction for each land tier?

[little wagon]

Ok, so far for simple understandable tokenomics,..... #RIP

[arctic grove]

If you’re still having trouble in about 2 years I’d love to work for you guys 😁

[arctic grove]

Is the L for land or… what are the variable definitions

[brisk gull]

This is my guess, you replace L with the land's tier and you have the price. Anyone wants to try it just to validate? 😆

[arctic grove]

Yea that’s what I was thinking, wondering if L^5 will be starting price of t5

And L^1 is t1 and so on

[bitter glade]

It’s a UI equation. But too complex. I have to find a better way.

[brisk gull]

I should have looked up hyperbolic geometry, that way I wouldn't have spent 15min trying to find the land price with this formula. 😅

[wind briar]

I got the answer to this, if you want it you gotta sign my T-shirt.

[mortal merlin]

https://tenor.com/view/dumb-huh-stupid-idiot-gif-5042504

[glad laurel]

https://tenor.com/view/fist-fight-film-charlie-day-im-sorry-what-excuse-me-gif-6046518

[wind briar]

https://tenor.com/view/chill-math-problem-gif-11816757

[viral star]

https://tenor.com/view/math-zack-galifianakis-thinking-calculating-gif-5120792

Aaron rn

[arctic grove]

https://tenor.com/view/spongebob-squarepants-patrick-star-sleeping-bed-gif-7518157

What he’s actually doing ^

[fathom steeple]

Singularity Scanner ... We are going to be hearing this term over and over again.. I'm so pumped

[slow cedar]

He was actually using that complex equation to adjust a single button's size

[mortal merlin]

Probably

[solar swallow]

Why i have the feeling that the starting price of Dutch auction will end up to be buy out price? 🙂

[potent dock]

I certainly hope so! If people want to pay out the nose for land, that's a win for the DAO and all ILV holders!

I'd be glad to miss out on land if it goes that high 😄

[brisk garnet]

im gonna bid 700 eth for the L5

jk jk thats insane

[little wagon]

Yeah, only thing that is uncertain is the direct revdis, since it can also be bought with sILV...

[wind briar]

I think this is a valid worry for ppl who only want to hold ILV till 2022. ILV holders 2023+ this is amazing trade-off.

more sILV used more RevDis you will get as a ILV holder.

[minor pagoda]

I remember this website a bit too well...

[jolly terrace]

Any news on land?

[glass verge]

what i read in the pinned messages is speculation? or stuff that is not out yetÉ

[bitter glade]

Maybe you can help me with this problem. The issue is I can only do@it recursively otherwise. Will explain in Dm

[tulip phoenix]

Where i can find more info about the Land auction ?

[wind briar]

#809220563397902346 message

[open harness]

Any idea how much tier 5 will be starting at for a dutch auction?

[vivid cipher]

“Do you own a country?”

[open harness]

im just tryna think how much sILV i should set aside lol

50 sILV prob enough...right? 😓

[mortal merlin]

Are you the guy that bought the last obelisk mozart?

And a shit ton of other Illuvium NFTs

[vivid cipher]

Holy whale Batman

[mortal merlin]

Make that 5000

[vivid cipher]

https://tenor.com/view/illuvium-ilv-illuviumio-whale-yield-farm-gif-22293367

[open harness]

what if future stages of land sale have less demand cause everyone aped at the ffirst opportunity they get lol

[vivid cipher]

Yeah t5 will likely start in millions

[mortal merlin]

Only 20k lands

First sale

They will go out fast. Also the next sales starting price will be raised.

People are crazy for nft lands

[vivid cipher]

There is that chance. But at the rate the community is growing it doesn’t seem likely.

[polar yacht]

may have missed this in the land doc, but will there be a permission /rights management system?

[mortal merlin]

No

[open harness]

maybe ill just go for tier 4 iff tier 5 is truly scarce

[mortal merlin]

Only 7 T5

[open harness]

the question is will land ROI > ILV ROI in a years time?

[mortal merlin]

Yea thats the real question

But I believe the ROI will be pretty good

[open harness]

well there wont be any ROI until game launch right? So i'd be missing out on potentially 3 months worth of yield

[mortal merlin]

Exactly

Or you sell it to speculators

Willing to pay more

[tender marsh]

You cannot be an overlord if you do not have a T5 land piece.

[open harness]

im just worried that speculation on land will be overhyped, and value might come down at game launch. always a possibility

[mortal merlin]

Stop hurting my feelings

hahahaha

[polar yacht]

Will the land interaction be like decentraland? I see some opportunity for AR/VR incorporation with this family of games once the team expands etc

[open harness]

itd be helpful to have more concret numbers on fuel generation and how it will be consumed in game. guess ill just wait

[mortal merlin]

Not at launch no. This is a mobile game.

Land ownership let you tap into 5% of all revenue distributions

[open harness]

rahlord u plan to play this game full time at release? or whats your planned commitment? u a serious gamer?

[tender marsh]

People are crazy over land. Hopefully someone will start an silv pool before auction.

[mortal merlin]

Numbers will come before the sale to be able to make conscientious decisions

[mortal merlin]

I'm a serious degen gamer yea ahaha