🎮〕illuvium-zero

[slim flint]

I want to play. But don't want it to become a grind

[muted moth]

My thought is just to have extra land for resale value once all land sales have happened. Keep some land for myself, and then sell the rest for way more than I paid for it. But I may get addicted and not want to let my land go. We will see

[safe pewter]

Yah thanks man..i guess we'll just need to wait and see

[hazy mango]

I think we need to stick to the “no-one knows” when speaking about prices. Everyone guessing random prices is gonna put people off even trying to get involved. People predicting $5k for random things going off of no evidence puts a downer on it for normal people trying to get excited for it

[muted moth]

I mean you don’t have to listen to them. Everyone is just speculating, so no one should make plans based off these guesses

[hazy mango]

I’m not bothered, I know what I can afford and will see what I can get for it. But you predicting $5k off of no evidence can then be seen by someone who doesn’t have as much money and doesn’t even look back on this chat because of it. The land then goes for nothing like that and they’ve lost out because of your random guess. Think we’re here to help people out with what ILV Zero is all about, not put them off with guessing games

[plush surge]

oh man, hopefully people do not view it that way mate. Just that some people wont really accept no-one knows as an answer and so what we try to do is provide what we find a reasonable estimate and leave the caveat that it is a guess
understand where you're coming from though, will be more mindful in the future

[muted moth]

Exactly. And I see where you are coming from @hazy mango which is why I always say they are guesses. I just enjoy giving my guesses and seeing what others think and what they are speculating. Because I do think the average of everyone’s guesses will be pretty close to what it will actually sell for

[hazy mango]

I’m not here for arguments, just what I’ve heard from friends who have read in this chat before that they’re put off with high estimates and not interested anymore when actually none of us have a clue what price range we’re gonna go in for. I just want it to be fair for all👍🏻 All good, no-one means any harm!

[plush surge]

oh damn, sorry to hear that, thanks for the feedback though, appreciate it!

[muted moth]

Gotcha. Yea I generally put up higher estimates so that maybe I can get a little surprise if the price goes lower. I’ll keep that in mind from now on. Thanks! We do appreciate it!

[inland smelt]

Hey guys, does anyone know what is this one and how can we call/earn/use it ? I saw it can be used for speeding up building but don't know if there's any more functions.

[lapis gulch]

I'm speculating here, but maybe with ETH/sILV ingame.
And we should get sweet, sweet revdis from it 🙂

[inland smelt]

I remember that someone used to said we can use ETH or sILV to buy fuel, and then use fuel to speed up building. But I don't think that thing is a "fuel".

[muted moth]

So those are credits. They are used as like a ‘gem’ in other games as a speed up ‘coin’. So you can either wait an hour for the activity to finish or pay x amount of credits to speed it up and finish it

[inland smelt]

Ohh thanks for that info. Do you know how can we earn those credits ?

[muted moth]

That I don’t know. Maybe we earn them when doing certain things in-game. We might also be able to buy them with sILV or ETH. But that hasn’t been announced yet

[inland smelt]

k, then we will need @amber atlas 😋 Can you show us some ways to obtain those credits ? And a few more questions:
1/ If we can buy those credits with ETH or sILV then:
a) is it a dynamic price (like a ERC20 token) or fixed price ?
b) is there a way to convert it back if we hit the building cap and don't need it anymore ?
c) will it be wiped away when sell or transfer land to other wallet ?
2/ Does it have any other function beside speeding up building ?

[warm compass]

Guys, I understand the excitement and anticipation. But since we know that things aren't finalised yet, and the details/FAQ will be coming out about a week before the sale, why don't we just sit back and give the team a break? Let them focus their attention in developing the game, instead of spending time responding to repeated questions which they may not even have the right answer yet...furthermore, why do we even need those answers right now? Just chill and go watch Venom or something...haha

[inland smelt]

Oh, sorry if I interrupted the game development progress by mistake xD I need some information for making youtube video. If this things can't be explained atm then I'll just skip it 😅 Thanks Illuvium team for all your work.

[muted moth]

Johnny usually answers questions at around 5 pm US time. So he can probably talk about it then

[warm compass]

Hey bro, I wasn't targeting you. I just happened to post my comments after yours. Just scroll up and you'll see the tons of speculative questions which we don't really need answers at the moment...peace ✌️

I also want to know more about the game, but I have faith that the team will let us know whatever necessary information when it's the right time for them 🙂

[magic tundra]

Quien me dicen de que trata el juego

[inland smelt]

Check out #❓〕faq
Also, please use English in this channel. For Spanish, please head to #796506693973311549

[south belfry]

Here’s the thing with the whole rental system, if done right you wouldn’t actually be paying to use the land it’s more of just like you’re renting it for free and whatever you produce for the owner you may get a % of the profit they make

Depending how it’s done giving some people the opportunity to play the higher tiers and make some money if that’s their desire or something along those lines

Purely just a thought in the air but something like that could end up beneficial

[amber narwhal]

If you get a tier 1 and the 3 element sites will be random (33%), will the lukiest people be the land with 3 different sites so you dont have to convert and loss resources?

[gaunt slate]

Yuuup, for sure

[amber narwhal]

Thats why i really think that tier 2 not only will be x2 more valuble but maybe x3-4 than a tier 1, because the change of getting atleast 1 of each element is way bigger + 2 tier 1 only will have 2 fuel sites in total and a tier 2 will have 3, so you also get the change of each fuel "element"

[steep quartz]

What is going to be the best value for money land?

Think they go up in value exponentially?

[south belfry]

Just don’t miss out haha

[cinder fractal]

Im sure how tier1 will have only 1 fuel site and tier2 will have 3

[sweet lintel]

This is old information tho

[steep quartz]

Oh just wanted to ask cuz that says t1 no fuel site so wheres the new info

[sweet lintel]

The document is in pinned comments

[steep quartz]

Okay thanks

[spare cedar]

Element sites?

[steep quartz]

What is the landmark class? sorry if its stupid question

[sweet lintel]

And that's literally the whole document screenshotted in a few minutes xd

[spare cedar]

Awesome ty

[steep quartz]

Thanks I saw that but didnt know if thats all

[sweet lintel]

That's all the information for now afaik

[spare cedar]

So initially there will not be any value prop for the arena until v2 of IZ because I did not see any mention of hosting tournaments in v1 of IZ

[sweet lintel]

It's main game tournaments

[spare cedar]

Unless the arena attracts Illuvials

[steep quartz]

So is there no link between normal game and zero? Thought might use some resources from zero in real game

[sweet lintel]

https://youtu.be/UpXIemFwmPU

[sweet lintel]

Fuel farmed in ILZ can be sold to the main game. The traveling fees in the main game are effectively you buying that fuel from the DAO

[steep quartz]

That's what I thought. Can you travel using your own fuel?

[arctic pike]

Isnt that the reason to hold land? so you dont have to buy what you produce?

Just asking here...I had a similar concern

[steep quartz]

I feel that @sweet lintel would then have structured his answer differently. Because Ill only buy land if I can use it for the big game

[sweet lintel]

I'm not sure, but at least you can use the money made from selling fuel to buy fuel in main game. Being able to send fuel directly to yourself would cut into the fuel supply for main game. I don't even know if the decision is made yet

[steep quartz]

😍

[muted moth]

I believe what has been said is that fuel has to be sold then bought back. But nothing has been confirmed yet

[arctic pike]

it does make sense so no one actually hoards fuel I guess

[muted moth]

Yea. It may change in the future, but right now they are just focusing on the main mechanics, so stuff like that wouldn’t come until later. But gotta say it’d be nice to just extract fuel and be able to use it in main game immediately, but I understand why they’d want to avoid that(landowners hoarding supply for themselves)

[arctic pike]

yup yup

[iron bough]

Is that what's going to happen in like 2 years ohh God

[barren spruce]

I love that they’re focusing so much on making this game a game, not just something ppl come and try to make $ and go

[sweet lintel]

It's more than a game tho 👀 it's gonna be multiple games and possible movies nd whatever the DAO wants to make 👀

[potent dock]

https://tenor.com/view/its-a-lifestyle-its-a-way-of-living-that-how-i-live-way-of-life-blake-webber-gif-14511550

[sweet lintel]

Illuvium early investor life style 🧐 🤑

[muted schooner]

Is there a approximative date for the land sale ?

[ivory bough]

November. unknown date

[muted schooner]

And for what I understand , a first game will be available for land owner before the real game launch ? Is that game will have impact on the final version of the game ?

[muted moth]

So Illuvium Zero will have alpha and beta versions completely public. So any can play. And IZ doesn’t really have any impact on the final version of Illuvium, but they do relate in that fuel produces in IZ is used in Illuvium

[south belfry]

Only impact really is armor skins etc which are just cosmetics at this time

[iron bough]

Yes I'm pretty the beta will be public and then before the game gets released they are going to fully reset but I think some nfts don't from what I have heard

[muted moth]

Yep! So your land gets completely wiped so it is even across all lands to start at launch. However, we do get to keep any blueprints we manage to discover in the "testing phase" before the wipe

[onyx cosmos]

Sweet. did not know that!

[muted moth]

Yep! So for those couple months before launch I am going to be grinding hard for those blueprints

[south belfry]

I’m gonna get more 😈

[muted moth]

😠 Hmph. We will see (though you probably will lol😅 )

[south belfry]

Gonna be the blueprint bandit

[iron bough]

So these bps are like for cosmetics and they act as an nft right

[onyx cosmos]

Oh ya!? Me and my T1 land going to beat all yall....haha... 🤣

[muted moth]

Sorta yeah. They are basically skins for different weapons and armor in the main game

[iron bough]

Ahhh I see

[muted moth]

Recommend reading through this if you haven't already: https://discordapp.com/channels/760344898200666112/857471213513605140/898032957787369512

[iron bough]

Going to read that now thank you

[muted schooner]

Sorry last question. I ´ m more usually on bsc than etherum. Are you not afraid than gaz fees afraid some player to buy stuff or ressources on the market place ?

[muted moth]

So, all in game purchases will be on Immutable X, which means no gas fees within the ecosystem. So the only times you will be paying gas is to put funds into IMX and to take funds out.

[muted schooner]

Great

[south belfry]

Man I hope we find out the date soon

[muted moth]

At this point I’m just waiting for the trailer. Because I can’t see land sale info going up any later than 2 weeks after it drops. Once that trailer drops, it’s all going to start moving faster I think

[south belfry]

Hope so

Need me some t4

[weary swan]

any leaked news today chat

[south belfry]

There’s a pinned document about researching

[wise flume]

Is it completely random which blueprints we can get? Or are certain blueprints only available on certain tiers of land? Is there blueprints specific to different regions of land?

[south belfry]

Pretty sure blue prints are random, although I could be wrong it would make sense if the blueprints corresponded to their same affinity region of land. @amber atlas may know

I’d assume you can’t use another creatures bio data for the kind of blueprint you’ve found

[exotic valley]

IZ sells its Fuel to the market, and then the main game buys fuel from the market. The Vault gets a cut of that at both ends, and the Vault pays 100% of its revenue to ILV stakers. So without that mechanic, stakers would get much less revdis.

As it was explained to me, you will, more or less, be able to buy an equivalent amount for an equivalent price, so you still get about a 1:1, because the DAO is adding fuel to make up the balance, but this way the Vault still makes revenue.

[pliant raven]

good morning guys i would like to ask does the land sale this november is for illluvium zero and will not be able to use in main game? kindly correct me if im wrong.

[south belfry]

The land won’t be physically in the main game but fuel and blueprints from the land will be used for the main game

[pliant raven]

thank you.. 🙂

[south belfry]

Although it would be cool if it was and you could visit peoples base and they could have their illuvials roaming

[exotic valley]

They have mentioned possibly making it so in the future.

[south belfry]

https://tenor.com/view/say-sike-right-now-piranha-plant-piranha-plant-super-smash-bros-gif-14764215

[exotic valley]

Before I understood that the land was a separate game, thought it was in the main game, I asked in a twich chat about what my land in halycon sea would look like, would you see my house etc.. they said not right now but maybe in the MMO part down the road.

[barren spruce]

Would be real surprised if they don’t since that’s pretty much a norm in this kind of games

[south belfry]

Feel like they’d just need to render everything 3D

[exotic valley]

I would imagine with 100k plots, it would have to be instanced, but thats cool too, to see my factories mining and converting in the open world of Main game.

[barren spruce]

It has to be instanced yep

[south belfry]

Would be cool if the t5 were In game and then the top base for each tier after that, like how mew world showcases the highest rank house to everyone in town

[exotic valley]

In EverQuest, the housing zones are cookie cutter instances that have like a hundred plots in each one. I would expect something like that.

[arctic pike]

Thanks for the explanation mate!

[umbral abyss]

When’s the land sale pls?

[muted moth]

no set date yet, but looks like it will most likely be in November

[umbral abyss]

thanks!

[night flower]

is illuvium zero going to be mobile when it releases?

[muted moth]

Yep. It is being built on unity

[livid wharf]

Is there a whitelisting for the land sale?

[south belfry]

no, dutch auction

[autumn pond]

soo are there any guesses on how much the lowest tiered land will be?

[livid wharf]

Copy that, thanks

[south belfry]

people saying 1-5k

[autumn pond]

daayumm

how much you think you could conceivably make a month on a piece of land llike that?

[weary swan]

wont be a lot

[south belfry]

no one really knows at this point

[weary swan]

youll gain most of ur value from discovery blue prints and such, the land asset itself should gain value. Dont buy the land if ur expecting ROI in 3 months

[autumn pond]

im torn between buying land for this game or buying heroes for GOG...only have so much to invest ya know! lol

[weary swan]

i have one legendary and 4 epics!! cant wait for GOG

[autumn pond]

yeah I wasnt looking for ROI that quick lol but just trying to get a feel for things right now

[autumn pond]

so far I just have one epic. waiting for the wave 3 sale though and its killin me lol

[weary swan]

honestly the way i look at it and they way i want most people to look a this landsale is ur buying this for the illuvium zero experience finding blueprints, creating skins etc yes theres opportunity to make returns but the way this is setup its not really made for big returns based on the information ive been seing of course nothings set in stone

[autumn pond]

yeah i just dont know if im willing to let go of 5k for that experience or not. Im looking to get at least one pet and a few more heroes for GOG though

[south belfry]

honestly if it was only for the experience they woulda just made it only T0

like T5 isnt just for the experience im sure the owner of one would be able to recoup their purchase from the benefits of it

[autumn pond]

man I heard like millions for that kind of tier...

[weary swan]

well yeah imaoo t5 comes with ton of perks im talking about t1 and t2

[south belfry]

dont you think itd be kinda silly to only let them get reasonable returns?

t1 allows fuel production now which it didnt a few weeks ago

[autumn pond]

tell you the truth, Id like to get my grubby paws on all the angles...staking ILV, selling the illuvials i capture, the land stuff....oh yeah and the experience too lol

[south belfry]

which can be sold

[weary swan]

yeh but its very small amount imaoo and lands only generate 10% of it. i think the real money is in the blueprints and iluvials for sure

[south belfry]

ill be covering every angle lol and it could be subject to change always

[autumn pond]

weird question, but will the illuvials on your land be unique in any way?

[south belfry]

wdym?

[weary swan]

isnt silv the best investment as its always gonna be tied with ilv and rn its so cheap imaoo as the game gets super popular im imagining the gap between silv and ilv will be much smaller??? am i crazy

[autumn pond]

I sorely wish I knew of this project back in the beginning, that ILV for dirt cheap would have been pretty awesome!

[south belfry]

you could do that but the lp isnt supported by the team so anyone can pull liquidity at any time

if i woulda been paying attention and found this at launch id easily have a million dollats

[weary swan]

but eventually it will support it no?

[autumn pond]

how much cheaper is silv?

[plush surge]

land we can buy sits in IZ, illuvials we can catch is in the main game, so they aren't connected mate

[autumn pond]

derp...I knew thaat lol

[south belfry]

i dont believe so cause in reality its only meant to be used as a utility token

[weary swan]

exactly why would illuviym not support there in game utility token lol

[south belfry]

because its not really supposed to have value, people are using it to get liquid from staking

[plush surge]

not getting your question then.. they're unique in the sense that you are more likely to be able to scan illuvials that are of certain elements in the specific regions?

[south belfry]

and then other people are buying it since it can be used for land pegged 1:1 with ilv

[autumn pond]

no man, that was simply me admitting a brain fart lol.

[south belfry]

cause with the current system you have to wait a year after you claim your ILV so they just claim SILV and sell it for half right away instead of waiting a year

[weary swan]

ya i asked the dev and he aid it will alwasy be pegged 1:1 with ilv for in game stuff its a bargain

[autumn pond]

where can you buy silv at the moment?

[weary swan]

uniswap

[south belfry]

its better to just earn it for free staking but if youre not gonna earn enough staking to buy land you can double your purchase power

[weary swan]

yeah if u buy silv ur getting double ur purchasing power feels nice

[autumn pond]

buddy, I wish I was staking ILV

[south belfry]

lol

[plush surge]

ah my bad hahahah

[autumn pond]

im new to this whole thing and to discord too so im trying to keep up with about 7 or 8 projects. my brain is mush sometimes

[south belfry]

im like 80% in on this lmao

[plush surge]

i feel ya bro, the community here is super friendly though so feel free to ask any questions.

[south belfry]

i only lurk in this channel really cause the land interests me a lot and the possibilities

[plush surge]

https://tenor.com/view/money-money-money-make-it-rain-dolla-dolla-bills-dollars-cash-gif-15485267

[autumn pond]

i have seen that already!

[weary swan]

i dont want anything higher than tier 1 give me that tier 1 lfg

[south belfry]

T4 or bust

[random siren]

So why did they make the mini land game? Im exicted and want a plot but why? ILV token stakers already get revdis so why sell land and not just reward stakers?

[topaz edge]

Is there a drop date for illuvi zero?

[south belfry]

some time in november

[exotic valley]

The illvuials you find scanning your land is just biodata, for making skins and blueprints for weapons/shields and stuff in main game. They aren't actual illuvials that you can battle with.

[autumn pond]

yeah i dont know what i was thinking when i asked that lol

[exotic valley]

Examples made up by @ivory vine can be seen in his recent YouTube video (https://youtu.be/n7V4wD6AUuE).
Not real items, but a general idea of how they might work.

Atlas Shield of Wooden Defense

Atlas Shield of Crystal Cuteness

[ivory vine]

Just to make sure here, @exotic valley, you you did notice my disclaimer in the video stating "As a fully made up example…." when it comes to those shields, right? 😄

[exotic valley]

Oh man, yeah i meant to put that but i got pulled away and forgot! .. Disclaimer "As fantasized by the brilliant mind of our own @ivory vine "

I was sure to use your names too, so people would recognize that from the video 😛

[ivory vine]

Just wanted to make sure no one starts to run around now and claims these are actually in the game 😄

[barren spruce]

too late 10m ppl already did

[exotic valley]

There we go, updated. Look ok?

[low geode]

Oh snap. Stormi = Storm Rising? Haha I just happened on your Illuvium videos and I Loved them. Subscribed right away! Awesome. Keep up the good work, everywhere it seems.

[full wadi]

Has there been any official news on the release date for IZ? Asking because I'm trying to make the decision between getting staking rewards in sILV vs pure ILV (for land buying purpoeses).

[ivory vine]

The actual launch of IZ (=v2 including blockchain features and no following wipe anymore) will be the same day as the main game, so Q1 2022

[full wadi]

I see. And the land sales will be just prior to that launch or sooner?

[ivory vine]

No date for it yet, but the first land sale with 20k of 100k plots is probably going to happen next month.

[full wadi]

Thanks so much for the quick info, apologies if I could've dug that up in other means (but work and real life squeeze my available free time). 🙂

Have a nice day everyone!

[steep quartz]

Where you buy it?

[pseudo orchid]

Hey will only those 20k plots be available to play the game when it launches or will all 100k plots be sold first before the game launch?

[steep quartz]

I believe 20k plots will be sold and you can play but not earn until all plots are sold. So now where can I buy sILV

[pseudo orchid]

I got some on sILV on Uniswap

[steep quartz]

Cant find it on uniswap

[pseudo orchid]

hold up ill check

I can still buy, currently 1 sILV = 330.3 USDC

[steep quartz]

Can you link me dm

[pseudo orchid]

You might have to add custom token using the contract address

[ivory vine]

You can see here where sILV trades: https://etherscan.io/token/0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2#tokenTrade

[pseudo orchid]

https://app.uniswap.org/#/swap

[steep quartz]

Help me out with the rpc info please

Do you guys have any rough estimates on what a tier2 would cost?

I might not need to buy I have 0.42 in rewards atm

[pseudo orchid]

Some estimates have been pretty high, Stormi has some really informative videos check em out:

https://www.youtube.com/watch?v=n7V4wD6AUuE

[pseudo orchid]

Maybe about $5k + for tier 2

[steep quartz]

Really bad to come into this space as a student with no job. Everything so expensive

[pseudo orchid]

Yeah man I feel you but you're in the right space to potentially make some awesome gains

[glad heart]

crypto is nothing for poor people, unfornately. it makes the rich richer

[pseudo orchid]

If you miss out on the land, you can still stake some ILV and get a piece of the whales money through revenue distribution

[steep quartz]

I have some staked. That's why I hoped 0.5 sILV would maybe be enough

[glad heart]

only 20% of lands will be sold, so if you miss out this sale doesnt mean you miss out in the future

[ivory vine]

The main game will be playable for free and requires small fees in order to progress into the paid areas. Fully mainstream suitable.

Illuvium Zero is by nature much more investment oriented. Those mainly looking for its gameplay can get a T0 land (virtual land) for free and play the entire thing without any costs. Those wanting T1+ to earn profits via fuel/blueprints (basically NFTs) need to invest something and that only makes sense.

I understand that everyone would like to earn millions by investing zero but how is that supposed to work? If no one puts money in, no one can take money out. Easy as that 🙂

[steep quartz]

I don't mind investing. But also don't want to sell a kidney to be able to.

[glad heart]

i doubt that even a kidney would be enough 😄

[ivory vine]

Then invest in ILV or into the paid experience of the main game. Lots of other options available within the ecosystem. I'm probably not getting the land I would like to have either 🙂

[warm compass]

If your budget is low, I'd actually recommend to put all into SLP stake when the APY is still high, although the risk is higher, you don't have much to lose anyway. Then use the sILV you've earned to enjoy the main game, the awesome thing about this game is its DAO system whereby stakers get rewarded...just continue to use the staked rewards to buy the resources you need and have fun!

[steep quartz]

Ill try a t1 at least

[warm compass]

Probably it will be good to have some competition in the main game whereby the top few winners get rewarded with some low tier lands huh? Instead of selling them all...

[vocal pasture]

Even without investing, you will be able to play for free and grind. Then you can sell stuff to whales who wont be bothered to grind and level. It will take time, but smaller profits will be possible I guess

Another thing I have been wondering is about revdis on land sale….it wont make sense to use eth for buy, unless sILV pool is dry…so unless that happens, there will be no revdis…

[muted moth]

True. But it’s good in the long run. If all purchases are done with sILV, that will have reduced supply of ILV by a lot making it more valuable

[ivory bough]

NO RevDis is pretty strong tbh. I would think so too that sILV will be the dominant currenct here, but many still will buy with ETH.

[vocal pasture]

Good Paint

Point😬

[ivory bough]

that sILV pool has already taken ILV out of circulation. Whether using it or not, won't matter 🙂

[vocal pasture]

Even better point lol

[muted moth]

Yea that’s what I’m saying. The fact that it is being spent means that it was claimed in the first place, thereby reducing ILV supply

[ivory bough]

sure if Whales keep claiming sILV to provide liquidity to the sILV pool, then yeah, it will keep making ILV more valuable.

[vocal pasture]

Maybe sILV price gets closer to ILV as land sale approaches…which may prove a 2x return in less than a month. Decisions… 🤪

[muted moth]

Yep. And I’m sure we will see more claimed in the week or so before the sale. I know I’m planning on claiming my next rewards in sILV.

[ivory bough]

yeah, but this might also happen: Land Sale is a MASSIVE success and if you buy a T1 something like $1k, next land sale you will have to buy it $5k if not $10k. 🙂 we have ONLY 100k land and many whales will buy lots of it. So land (ALL LANDs) will become rare. So would you be rather selling for SLP or holding land as asset? Decisions indeed haha

[ivory bough]

sure. I think I'm gonna do the same too.

[muted moth]

I can’t wait for the when the next land sale happens and we see the price predictions in this channel. Those who bought in the first sale will just be sitting back and laughing😈

[ivory bough]

That's one likely scenario 🙂

[vocal pasture]

I’ll just claim ILV and compound it, and buy silv while it’s cheap I guess

[ivory bough]

It's going up in value. +300 atm. One push and it's +400

[vocal pasture]

Yep. A good 2x potencial in short term

[ivory bough]

and that shows you're a whale. haha... $300 is still not cheap for many lol

[vocal pasture]

I wish! More of a shrimp on wishful power trip lol

🦐☄️🚀

[weak crown]

@ivory bough how much do you think you need to have for getting a land in first round. I have 5silv. Will i get a land for that? And what lvl you think? Is it better to buy 1 more expensive or 2-3 cheaper? 🙂

[ivory bough]

Well, opinions differ, but I think with anything between $1-3 you can buy a land (probably only a T1). But Strategies differ too. I myself wouldn't mind having one higher Tier and some lower tier ones. But it's kinda difficult to know much the lands will be sold for. I mean I kinda feel T1s are pretty popular, so who knows, maybe each would go more that $2k. I can strategize better if I know what price they really start at. But with 5 sILV with the price of 700 (might be even more after the trailer) you can for sure buy 1 land. What Tier? gotta wait and see

[sweet lintel]

You should check #796570107856945183 for a good paint by @tardy sail

[next obsidian]

Gonna watch the first chunks of land myself. Worst case I just hoard ILV for revdis and play the main game.

[weak crown]

Thanks for a nice answer. How much time per land /day do a player need to spend?

[ivory bough]

No worries. I guess 20 min/ 1 hour should be ok, but might take more. We'll see in the beta

[uncut fossil]

@ivory bough

[weary swan]

Aight I need a YouTuber to make a video on the searching document that was released

[agile sigil]

Awesome! When do you think there will be the launch for lands?

[sweet lintel]

What document? 👀

[dawn cradle]

@ivory vine @mortal merlin @amber atlas I wanted to get more info on the auctions after the initial one. I have a proposal for how it could be done. My proposal is written up as an IIP, but the governance chat is kind of focusing on staking so I don't know if posting it there is appropriate. How do you want me to feed this proposal into the system? I am certainly willing to modify it/change it as other options may be better, but I do want some clarity soon on the rough timing of the future auctions of the remaining 80,000 lands. I have a lot of unclaimed SILV/ILV and will decide on my path for claiming it based upon future auction timeframes.

[south belfry]

I suggested it being released in 20k chunks every quarter

[dawn cradle]

go to pinned messages and check the top post. It is the research and development document.

[sweet lintel]

Ohhh new doc 👀

[south belfry]

Sounded like that was something in discussion

[dawn cradle]

mine is a bit more complex. I'll send it to you separately

[muted moth]

Would you mind sending it my way as well? I wouldn’t mind taking a look at it

[unborn pilot]

Same lol @dawn cradle

[dawn cradle]

Screw it I'll just post it here. If the community likes it, I can move it to a more formalized IIP

This IIP describes a strategy for releasing all 100,000 land plots that will eventually be sold into the Illuvium community. The end objectives of this proposal are:
• To provide clarity to existing/future land holders as to when land available will increase
• To maximize revenue for the Illuvium DAO
• To use the land sales to drive additional attention to Illuvium
• To allow for future flexibility when other main games are launched inside of the Illuvium ecosystem.
As is already promised by the core team, there are going to be no more than 100,000 land plots developed and sold in the minigame Illuvium Zero. These land plots will be used to generate items and fuel that can be sold for Eth in the main game for Illuvium and will also be leverages in any other games that the broader Illuvium studio develops. 20,000 plots will be available for purchase in October/November of this year in the first land sale after which the beta testing for the Illuvium Zero game will begin. This proposal describes a method for releasing the other 80,000 plots of land via Dutch auction into the game.

This proposal attempts to tie future auctions to dates that are important in the Illuvium ecosystem. As the land sale is likely to spark interest for the sheer size and amount of money it is likely to draw in, the hope is to make this a self-reinforcing environment to the main game. The land sale draws people to important events in the ecosystem, and those events in the main game also draw attention to a land sale. The plan is for this added attention and feedback loop to maximize revenue for the DAO and enables clarity for existing holders as to when land sales will occur.

The launch for the main game will be tied to first an open beta release where the minigame will also officially go live after all the lands have been wiped. In addition, the main game will eventually be considered “live” and the beta removed from the launch. Once the game is live, new Illuvials will periodically be introduced to the game in a “seasons” concept every so often which is will be a major game update and hopefully drive new demand. Lastly, the long-term goal of this studio is to develop other games as well leveraging the work that has already been done for Illuvium. Any other main game launch is likely to draw increased interest to the broader Illuvium gaming system and drive new demand for the land.

As such, the proposal is as follows:
• No change to the initial launch of 20,000 plots of land in late October/early November timeframe.

• Schedule another auction for the 15,000 plots on or around the date of the beta launch of the Illuvium main game which coincides with the official launch of the minigame. Targeted for Q1 2022.

• Schedule another auction of 15,000 plots on or around the date of the official launch of the Illuvium main game.

• Upon the beginning of each season (starting at season 2 and continuing until the cap of 100,000 is reached) have an auction of 5,000 plots of land on or around the date of the launch of the new season.

• For each main game that is developed, up to 10,000 plots can be used to help launch the game (used for the beta launch or main launch but not both).

Using this schedule half of the land will be auctioned off by the time the main game is officially active. The other half will be released in relatively even increments over the following 3 years or so though that timeframe is tentative only. The actual amount released will depend on development schedules and the timeframe is meant as an estimate only. The development team will have final say over exact dates and timeframes for how the 100,000 plots of land are auctioned off, however the above template is to be used as a guide for the size and frequency of the auctions themselves.

I don't really care about the details and I don't really care that much on the order that is followed. 15,000 lands at launch, 10,000, etc. I don't care that much. I do care that there be some kind of guidance given relatively soon as to what the plan is as I have to decide how to claim my rewards and the timing of the auctions directly impacts my thought process on what to claim.

[sweet lintel]

https://tenor.com/view/schmidt-novel-text-message-text-message-gif-3544541

Can we get a tldr?

[south belfry]

I like this approach, almost like “expansion packs” cause I know for sure if land is dropped all at once it’s gonna be like .5 silv for even like a T4, thus causing a whale to buy up like 5000 lands for themselves for super cheap silv and not giving rev dis to us

[sweet lintel]

Land won't be dropped at once and 0,5 sILV probs won't get you even a t1 :o

[south belfry]

If you target the drops it will cause more hype and preserve the value of the land for everyone buying in this first round

[south belfry]

This post is more about if they decide to drop all 100k before the launch of the game

Which would undermine this first sale, it would be more beneficial for the DAO to spread out the drops to maximize the rev dis for the community

[dawn cradle]

Three people asked to see it. So I posted it publicly. If you have constructive criticism please provide it. If you have a better proposal, please provide it. Your comments to this point have been neither.

[sweet lintel]

Having lands available for fuel generation for main game is kind of crucial, so having majority of the lands auctioned some time in the future doesn't sound like a good plan to me.

[dawn cradle]

Those are configurable variables based upon the fuel generated from the DAO and the number of people playing the main game. But... yes there needs to be enough fuel to keep the main game in balance. That is a far more complex topic which touches built up each land is (first week or six months in), which lands are actively being managed, how many players exist in the main game, etc. Selling more land isn't the easiest or best way to even solve that issue.

[south belfry]

The logic here is flawed because if land cost .5 silv a whale can buy up 5000 plots and not be producing fuel

[dawn cradle]

To be fair... fine if they decide to auction all 80k remaining land plots right before launch in Q1 2022 tell us. I will claim as ILV now and spend less in the November auction as the market for land will dump in Q1. Just tell me what the plan is so I can plan accordingly.

[south belfry]

There’s no way someone’s going to play 5000 pieces of land especially since there’s no official “foreman” system

You’re all gonna be upset if you pay 2k for a tier 1 and then they drop the rest at once and people are getting it for 50$

Obviously figurative numbers

[spare veldt]

Also be pissed if you spent 10k on T2 land and it produces .01 eth per month.

[dawn cradle]

and since fuel is split amongst all the lands outstanding... another concern if they drop all the lands. Like they need to present a plan for after this auction.

[little moon]

Well if you think its gonna only produce .01 ETH per month just don't pay $10k for it. The lands are gonna do what the lands are gonna do, any 'overpaying' for land will be buyers choosing to overpay.

[sweet lintel]

Why do you think t1 will cost ,5 sILV?

[south belfry]

If you drop it all at once before launch I don’t see why not

[sweet lintel]

It's gonna be auctioned in batches

[south belfry]

You’re missing the whole picture

20k are going to be first round, if after this auction they were to drop the other 80k at once before game launch it would devalue this first auction tremendously

[dawn cradle]

Or even 20k in batches. It doesn't matter how it comes out. It matters when. 20k in December, 20k in January, 20k in February and 20k in March upon launch of the game still destroys the price.

[little moon]

I think I remember Johnny saying there wasn't any plan to sell more than the 20K lands before the open beta. Since fuel consumption will be based mostly on how many active players there are I feel like they should just sell more based on player base growth.

[dawn cradle]

I think that is a reasonable counter option and probably even better than my option. But if that is the case... then share it so we can plan accordingly. Or combine the two and say have a 10k land sale upon open beta launch, then target 15k for any new game releases and launch the remainder as player milestones are hit such that for every 2x more players for example 5% more land will be launched. Something like that would be fine with me. But right now half the group thinks all lands will be launched before main game launch and half think it is some kind of delayed, nuanced approach. That isn't acceptable from the team in my view.

[little moon]

Well I dont think the team has released any official plan for rollout of future land sales so people are gonna speculate. Hopefully the plan for future land sales will be included with the rest of the information we will be getting before the auction.

[spare veldt]

I doubt the team would say too bad suckers. In order to increase the value of the land they would either have to increase the value of what you produce (charge main game players more) or offer other value like special NFTS to landowners or other things of value.

[little moon]

They certainly arent going to modify what the lands produce just because people are unhappy with what they pay. The production and utility of the lands will be explained before the auction. People can pay whatever they choose to based on that information. If somebody decides to pay $1 million for a T1 and it only produces $1000 dollars a year for them, that was their choice.

[quiet aurora]

since the lands are producing fuel and skins in the game. I believe the biggest factor in determining when to release more lands is how many active players there are. If we have 100k players and we release 100k lands. Well, skins and fuel will be super cheap because we have over supply. If we have 100 million players and only 20k lands then we will definitely be in a shortage. I assume they are running calculations to optimize things and keep the economy running smoothly and using that information to make an infromed decision on when to release more lands and how much land.

[dawn cradle]

I would go a step further. I think it is pretty much mandatory that they tell us the plan for when future land sales will occur. And ideally relatively soon. I have a lot of unclaimed rewards personally that I will either claim as ILV or SILV based upon this information. I am not getting any "staking benefits" while it sits unclaimed. And the "dump everything before launch" plan will probably make it wiser to sit out this land sale almost completely. So... it is a very big deal.

[dawn cradle]

If they are... that is something. That hasn't been communicated yet in any clarity.

[spare veldt]

That’s the dilemma because as soon as they explain the economics it will have a huge impact on the price of land in either direction. Can you imagine if they put the economics out there and it cuts all of the projected sales price by 2/3 for example

[dawn cradle]

At this point they have mostly explained how the fuel production is going to work and what percentage of fuel to expect to go to land holders. Its like 5% most likely with some flex up depending on exact scenarios. I don't think that will change much honestly.

[little moon]

The projected sales prices that were made up by discord members based on no real information? The predictions have been in a MASSIVE range, they cant all be right. Sure, somebody probably got lucky and will be close but random predictions should not influence the true value of the land.

[spare veldt]

They’re called influencers for a reason. Of course it has an impact.

[little moon]

Well it might have an impact on people not doing research and apeing into lands at too high of a price, but I dont think the DAO has an obligation to redirect more revenue away from the stakers to the landowners just because some people might choose to overpay for land.

[dawn cradle]

I think that is fair. I do think the DAO has an obligation to disclose things that would materially impact the price of the land, especially if that thing is likely to negatively impact the value of the land. Creating more supply is legit the #1 way that prices will be negatively impacted, and how that model is going to work is a fair request from potential buyers.

[spare veldt]

It’s a complicated decision to buy so I hope we get a lot more detail with like a two week notice. Unless you’re rolling in the cash and don’t care, there’s a lot of things to consider. If you cash out the sILV now for land there’s the opportunity cost. Surely ILV price will go up by launch so you’re surrendering a lot of in game credit to do the land buy. There a lot to consider

[south belfry]

So you’re saying being informed is a bad thing because less money would be spent that’s essentially rugging the first sale for rev dis

[dawn cradle]

I fully agree with this statement. If I claim as SILV I am doing it to buy land. There is no other reason for six months. I will not get any ILV price appreciation. I will not get any ILV staking rewards. I will not get any land sale ETH proceeds. Like... it isn't an easy decision. And currently, the supply side of the supply/demand equation is unclear.

[spare veldt]

No - the opposite needs to happen. All of this speculation is occurring because of the absence of information. And you can say yeah well it’s coming but I just hope there’s enough time to really assess your options. I don’t doubt the team will do that but we’re apparently very close to this event happening.

[dawn cradle]

I think you guys are on the same page.

[south belfry]

Well it’s Friday I hope we get more info today

2 weeks out from November

[dawn cradle]

I get the feeling they are going to read this chat and then this gets a bit more priority. Not that they aren't running in a million directions already, but yeah this is an important topic that needs more clarity.

[south belfry]

Imo with the game mechanics and fuel there should be no reason you shouldn’t be able to make back your land investment selling fuel etc considering fuel is always going to be used

Not saying it needs to be in 2 weeks but over some period of time

[dawn cradle]

sure. But if my land value is going to drop 50% in relation to ILV in five months I'll just claim as ILV for now. Buy the fire sale later. The issue isn't so much if the value will go up, the issue is will buying land go up more than staking ILV. At least for most people here.

[south belfry]

And if that’s not atleast talked about by the first sale and rest gets dumped on us you pretty much get shafted

I just hope we get some hard facts here pretty soon

[sweet lintel]

If nothing else, having a land on launch and optimising your build to later stages and selling high lvl bps should bring bucks in 🤷‍♂️

[south belfry]

The land gets wiped for launch though and if all the other lands dropped at once your initial land value gets destroyed and your only saving grace is if you managed to get a blue print which who knows how exactly that will be

[little moon]

IIP-10 which started the creation of IZ states, "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."

https://gov.illuvium.io/#/proposal/QmNab3vqQX3q2yTNSo1rwK5PzPgE8QxRnEA13jKz8gWQu9

Obviously lots has changed since this was written but to dump the other 80k lands before main game launch would be a pretty significant change from the original plan.

[dawn cradle]

good data point

[south belfry]

“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. Thus giving those that are early supporters of the project the opportunity to take part in an Illuvium universe gaming experience—before the masses who are only awaiting the main game. Land would be split into Tiers based on its production rate and rarity, with an algorithm used to generate and categorise each parcel of land into narrow bands that are unique but roughly equal.”

[ivory bough]

The remaining lands will not be sold before the game. I believe many will not agree to that as well as council.

[south belfry]

I hope not lol

T0 will be available anyway to get people interested in real land for upcoming drops

[dawn cradle]

Has there been any guidance as to the timing and rules for how the other 80k will be sold? I think we all agree it doesn't make sense to dump them all of them before the main game launches. But... have you seen any guidance to the criteria they will use to sell more? Have you seen any confirmation that they will or will not have another auction before the main game beta launch?

[ivory bough]

Not that I remember. It's been talked about in general or voice chat but nothing concrete. We are all investors and so are the council. No one likes the idea of dumping and we are not in a rush to throw everything we have in the circle. So, I would like to think that the 80k will be released slowly with a longer frequency to the first auction

yeah. That was misinterpreted. I asked him personally

[little moon]

Keep an eye out for when Johnny gets on. Im sure he would be happy to tell you whether or not a land release schedule is something that will be disclosed before the sale. I doubt he will actually tell you what it is yet, but hopefully we can know if they are working on it or not

[dawn cradle]

ok , will delete

[ivory bough]

I know. That is not gonna happen. I asked in Mod chat personally. Nothing has been pointed out that it will happen and no one favors it

Besides you cannot say something like that for sure when it hasn't been proposed officially.

[dawn cradle]

I pushed back on it in personal chat as well when he posted it. So... ok glad to see that is not current information.

[spare veldt]

I don’t think they could release the land right away because it hurts the business case for buying it if the primary way you earn revenue is from fuel. The player base will be smaller up front and grow with time. If all of the land was immediately producing there would be over supply of everything and push prices down this decreasing land owner returns

[ivory bough]

No worries. This stuff is serious. Even if one day there is a proposal that says all land is to be sold, it needs to be said publicly. So, It has to be voted upon and all the community should know it and follow it closely.

[dawn cradle]

Yeah. And I don't think this is Johnny's call if we are being real. But... it is something that the council needs to clearly define or explain. Because it drastically affects whether people should be claiming as SILV or ILV and realistic price expectations for the first land sale.

[little moon]

Johnny doesnt actually seem to be in charge of the timing of the land sales. I would work with the assumption that there is currently no specific plan to sell the remaining 80k lands and it will take some action from the council to initiate a second sale.

[ivory bough]

Well as of now there is quite enough info for ppl to devise a plan and make up their minds as how/if they should enter the auction. That being said, if the first sale is a massive success, then the next auction would be crazy. Then the ones who joined the first auction would literally be called "true early investors". That's why the remaining sales need to be distant.

[dawn cradle]

Trust me, I would be perfectly happy if they are distant. But again... would like guidance.

[spare veldt]

A different approach would be to peg the land sale with some x % of player growth. Once you hit x number another batch is sold . This protects the current land owners an hopefully also makes for more stable pricing of fuel for main game players

[ivory bough]

YEs, I am inclined to agree with that.

[little moon]

Looks like we should have another council meeting before the land sale. Perhaps you can prod one of them into making it a point of discussion at the meeting, That might be the most clarity we end up getting before the sale.

[dawn cradle]

I think we should get an answer as to when the next land sale is likely to occur. Is that before beta release, upon beta release, after beta release due to population growth, or after beta release based upon calendar timing. That answer by itself would be pretty useful.

[ivory bough]

that would happen I believe or better to say it should. for now V2 takes priority.

[dawn cradle]

We all agree V2 is the priority. But if you are looking to raise 50Million or 100 Million from the land sale, telling us when the next one is going to be or giving guidance is probably worth some time.

[little moon]

Well making decisions on behalf of the DAO (the community) is literally their job so hopefully they could take some time to address it since they are the ones who control the decision.

[ivory bough]

I'm sure the idea of the other land sale is on the table as we speak and I'm sure there will be a unanimous decision and consent towards the date and (hopefully) with a longer frequency.

[mortal merlin]

Sounds good

[little moon]

Kind of makes me wish we didnt just cut their pay, I bet they would be more inclined to help if they were making more than 3x the money for the job.

[dawn cradle]

Seriously we cut their pay? Why do people think things like that help.

And Rah, you can obviously scroll up for the conversation. I think the ask from the community is clear as we just need guidance on future land sales. Especially the next one.

[mortal merlin]

I do read everything

Ill make sure it is talked during the next meeting

[ivory bough]

haha the ever watching eye 😄

[dawn cradle]

Please bring it up

[ivory bough]

Have no fear. ILV community has been the best and will continue to be. We're all investors and in it together so whatever that benefits the DAO will be put forward and voted upon.

[dawn cradle]

I do think this is an awesome community. I appreciate how responsive everyone is. I believe in it.

[ivory bough]

OK let's buy land now haha

[dawn cradle]

You gotta buy some. It's like... why not.

takes money to make money

[ivory bough]

well I told my mom I'm gonna buy land and she said "where?" So, I decided not to explain further lol 😄

[dawn cradle]

haha. Yeah I'm married and a real estate developer. Explaining why I'm going to invest in "digital land" to my wife is an "eye rolling" experience.

[ivory bough]

ikr. They think we've gone mad haha

[echo swift]

hahaha I think we all have the same experience. Me explaining digital land to my wife now was the same as a few years ago telling her trading cards were an investment

[vital merlin]

Do we have a date for the land sale ?

[ivory bough]

Nope. It will be done in November, date unknown

[ivory vine]

Some council members are very much reading here, no worries.

[quiet aurora]

just watched your weekly atlas! I love them and keep them coming. Its great to make sure I didn't miss any really important for the week. I

[ivory vine]

Glad it does help some people out there. Thanks a lot for the positive feedback 🙂

[merry sand]

Any users in here have YouTube videos with analysis about land? Would love to watch a few

[ivory vine]

What exactly about land? Efficiency and stuff like that? No one has information about that yet. In general about Illuvium Zero and thus land as well, I made a video just recently: https://www.youtube.com/watch?v=n7V4wD6AUuE&ab_channel=RisingStorm

[agile sigil]

How can i get sILV? cant find it. Is it the same using eth to bid?

[little moon]

someone said uniswap v3. i can find uniswap but cant seem to find the v3 part

[spare veldt]

My concern is we’re as little as 2 weeks away from what certainly could be a multimillion dollar sale and we basically don’t know very much about how any of this works and thus can’t plan it out or even ask questions.

[ivory vine]

You can see here where it trades: https://etherscan.io/token/0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2#tokenTrade 🙂

[ivory vine]

Who says the land sale is in two weeks?

[spare veldt]

I said as little as two weeks. Two weeks is November which is what I understood the timeframe to be

[ivory vine]

Somewhere in November is most likely yes. Johnny has provided a ton of information about land already though and even mentioned there will be more a week or so before the sale. I'm not sure what exactly people expect to see here. No one is going to tell you how much a land will cost and no one is going to tell you how much you can earn per land plot. Simply because this is impossible to say.

Buying land will be partially speculation, there is no way around that. Compared with land sales of other games so far, there is already a lot to know about Illuvium Zero, way more than in most of the others (if not all). There should be more information before the release, but how deep that will go remains to be seen.

If anyone feels they cannot wait for that or that this info isn't enough, then they simply shouldn't buy. It's a dutch auction for land without any existing economy yet. There will be risk, no way around that 🙂

[south belfry]

Some people are delusional and it just makes them feel better for some reason quite frankly doesn’t concern me what they get paid, the one thing I did agree with is getting paid in a stable coin rather than ilv

[spare veldt]

I don’t recall anyone asking for a risk free investment with every level of detail articulated. That’s condescending and not a particularly good way to treat the user base and investors.

[dawn cradle]

I don't think he is saying that at least not trying to. All he is saying is there is going to be a bunch of unknowns which is fair. I do think when they are releasing supply after this is a fair unknown that needs to be discussed some beforehand. I think the council is in agreement with that.

[ivory vine]

Multiple people have asked specifically about earning potential. Multiple people have specifically asked about sales prices. Nothing else was stated by me. All I highlighted was that certain things will remain unknown (even if there are people who wish otherwise) and if these unknown aspects are too concerning for anybody, then they should re-consider to buy land because it is an investment and as such due to speculation comes with risks.

[south belfry]

We should atleast get some concrete details about the land itself in the coming days as well since we’re so close

[little moon]

You did suggest that the team should increase the value of the land based on the purchase price, so yeah you did kind of ask for a risk free investment.
#🎮〕illuvium-zero message

[dawn cradle]

Stormi and Rahlord are the two on the council that have been the most supportive of the Illuvium Zero land sale and helping the community understand what is and what will not be sold (along with Johnny from the team of course). But nobody here knows everything.

[ivory vine]

Details for the land sale haven't even been set yet. @mortal merlin do you remember if pricing, how many tiers and all that was supposed to go through the council?

[mortal merlin]

Yep. Didnt see anything so we can take a chill pill everyone hahah

[spare veldt]

What I suggested is that it’s going to be a problem if people paid out 10k on T2 land on basically the promise/risk that the team will be able to have land owners get reasonable return. We have council members openly speculating about price on YouTube, therefore setting expectations and potentially artificially inflating prices. And I personally think that’s extremely irresponsible if we don’t even know how the mechanics of the economy works well enough to have proper projections/estimations.

[dawn cradle]

got real life stuff to do. Later all 🙂

[little moon]

Nobody is promising a reasonable return. Everyone doing estimates makes it clear that it is pure speculation based on very little information.

[ivory vine]

There is no promise that you will see reasonable returns, it's as easy as that. If you overpay on your land plot and are not able to efficiently enough farm Fuel to make up for it based on market prices for fuel, then you'll not make any profits. This is a possible scenario that you simply should be aware of.

[mortal merlin]

https://tenor.com/view/taliesin-evitel-speculation-is-fun-gif-15061718

[steady zealot]

I think it’s very important for the integrity of the DAO that details are clear and transparent before the sale.

The difference between this and other speculative land sales in other games is that the DAO is in direct conflict with land holders since they will be splitting revenue from the same pool. So you can’t say people should just invest in land blindly.

It also should be clear when and under what parameters the next land sale will take place.

[mortal merlin]

Speculation intensifies

Next sales should be clear yes. Dont wait for any ROI numbers or projected returns because it wont happen. They just cannot know. Its impossible. We invested in ILV not knowing what the revdis would be like. Same thing for the land.

You just take your personnal risk tolerance and invest accordingly

[little moon]

Or just wait for the people who overpaid to paper hand and buy some lands up at a discount.

[south belfry]

Considering this is the first land to even do something like this it’s a lot to get right

Land in all the other metaverses are 💩

[little moon]

Ultimately the DAO has complete power over itself. Anything and everything will always be subject to change by the council.

[steady zealot]

No ROI for sure. This can’t be known without knowing the success of the game. But a rough idea on revenue split would seem fair. There’s a huge difference between 1% and 5%.

[ivory vine]

Almost. Just for clarity so no one here misunderstands this: a) there are limitations to what the council even can vote on based on proposals of the community and b) there is always the eDAO as a backstop, so approved changes by the council can still be rejected by the eDAO in extreme cases 🙂

[ivory vine]

I think 5% of the revenue is what goes to land owners, at least I am not aware that this was considered to be changed so far, are you @mortal merlin? But in general, yes, this is a metric that should be known, I agree.

[spare veldt]

It could be reasonably estimated and using other companies in the space as a proxy. Of course you won’t know 100% but there is some rough idea of possibilities. I certainly looked at that before I bought so I think it’s inaccurate to assume people didn’t consider this.

[gaunt slate]

Johnny mentioned somewhere between 5% and 10%, but I have to assume to some degree it's fluctuating not stagnant based on how much of the Revenue is coming from fuel vs other things. We could easily see 5%, then 8%, then 4%, then 9%, etc etc...

[mortal merlin]

Between 5 to 10% as a moving metric per johnny post is the last thing I saw

But nothing confirmed

[ivory vine]

Yeah, the floating I've seen speculated on but not confirmed. Absolutely something that needs clarification before the sale though, yes 🙂

[mortal merlin]

Compare to what? Nothing else uses Illuvium tokenomics and revenue distribution.

You can make hopium calculations yourself based on speculative player base and amount spent per day per player.

But the team wont do it. Cause its speculation.

[steady zealot]

P.s. loving the videos Stormi. Amazing content. Keep it up!

[ivory vine]

Thank you 🤗 Will try to improve the quality as I continue, and of course try to keep it going in the first place. Not always so easy with all the other ILV stuff I have going on, but at least the weekly recap and one additional video is what I'm trying to commit to for sure somehow 🙂

[south belfry]

Will all be a lot less stressful once we have a laid out form of the land here soon

[steady zealot]

No pressure. Anything you can manage is much appreciated. I realise these videos are a huge amount of work.

[south belfry]

But technically we could factor in potential ROI once more Info comes out about how much fuel is gonna be needed for things in the main game and you can run your own calculations based off how efficient you got your base during the alpha

We’re gonna have a decent chunk of time to test that stuff out and most likely have an idea

[amber atlas]

The equation which an be used to calculate the overall revenue percentage to land holders has been shared, it is pinned, there are two unknowns a (likely to be 9 to align with original IIP), b not decided yet, some kind of metric based on fuel usage or number of players or time

The reason b exists is to ensure that some large percentage of land holders can't just decide not to put Fuel in the pool, causing shortages and significantly disrupting the main game

Our goal is to set a b such that: L + al ~= b

This means that total revenue share is ~5% of overall game revenue, this is also open to tweaking by adjusting a and b, the final values and the metric for b will be released before the sale. It is very unlikely the final values will result in rev share of more than 10%. IIP may change these in the future.

From these details you can substitute a revenue value to work out the average return of land.

It is of course all speculation as it is based on revenue which is unknown.

---

Please don't forget that NFTS in general, and land NFTs in particularly, that have no utility usually go for pretty high prices, and usually increase in value over time due to scarcity. I can't guarantee you this will happen, it could go up or down or stay the same, but it is frustrating that a lot of people aren't taking this in to consideration.

[south belfry]

I just think our main concern is if land release will correlate with player population as to not dump all the land too fast 🙂

Seems like there’s a unanimous decision between a handful of the actives in here that, this format would likely be the most beneficial

[amber atlas]

This is one where I don't have a good answer for you, my feeling is that land will be sold over a fairly long period of time, but not neccessarily tied to player population

[south belfry]

While preserving the value of future drops and the first sale

[amber atlas]

player spend is probably a better metric then player population anyway

as players advance the things they do requires more Fuel/Spend, so 10k players on day 1 might spend half as much as 10k players on day 100

[south belfry]

Whether it’s tied to the population or a long time works, the biggest concern was too much dropped before main game to devalue this upcoming sale

[amber atlas]

but honestly I don't know, but I do agree it is reasonable for us to put some indication of the future sale dates in the Land FAQ

I'm almost certain no more land sales before main game release

[south belfry]

👍🏻 that helps with decision making

[amber atlas]

but let me canvas the teams opinion before we all go assume I'm right 😉

[muted moth]

Ok. I think that is what people were most concerned about; for some reason, some were under the impression that ALL land would be sold before game launch.

[south belfry]

Of course lol just don’t want an instance of people spend a bunch first round and the next round it’s like 50$, I feel it would be best to actually see the 20k plots in work producing fuel and the impact on the main game before introducing more

[amber atlas]

that definitely isn't my understanding, also checked with Aaron and he was also certain it was just one before main game launch

[south belfry]

Would benefit the early adopters and also help the team gauge where they go woth how many they release at a time

[amber atlas]

of course things are subject to change, IIP, etc, etc, but if both of us are this confident ... I'm pretty sure you can take it as a reasonable assumption

[south belfry]

Sounds good I’d assume you guys would both be on the same page of seeing how well 20k lands do with production and run some numbers from there

[gaunt slate]

Hey @amber atlas - Wondering if we have the official numbers of various sites for the Tier 0 lands by chance?

[south belfry]

They will be the equivalent of a T2

[amber atlas]

I was thinking T0 was going to be equivalent to T2 ... except it is all play money

this is trivial to change but wanted to keep the Landmarks reserved for the T3+

[gaunt slate]

Yeah, make sense. Awesome. Thanks 🙂

[south belfry]

Research landmark?👀

[autumn island]

“This means that total revenue share is ~5% of overall game revenue,” Hi Johnny, do you mean 5% of all types of revenue or only the revenue from fuel sold?

[muted moth]

So they are resource landmarks, you can read this for more info: https://discordapp.com/channels/760344898200666112/857471213513605140/895516905190875187

[south belfry]

I know that was suggesting maybe a research one

[muted moth]

Ah. No don't think so

[south belfry]

Was thinking maybe combine one for production and make t3 research

[amber atlas]

Revenue from Fuel sold is all in game revenue... that's what maybe some people are missing... although travel/forging/charging shards will be tied to a real world currency VALUE the actual thing you buy to do these things is Fuel

It is not all Illuvium DAO revenue, revenue from things like Illuvitars, Landsale, etc, wont be shared with Land holders... but it is all in-game revenue

(I forgot to include Plushie revenue in the example of out of game revenue... should not forget this ... I want plushies!!)

[amber atlas]

Maybe after the first sale we can come up with ideas for more landmarks, this would be cool from gameplay perspective, and also keep any given landmark rarer

[gaunt slate]

If I don't get plushies I will LITERALLY riot.

[south belfry]

I thought of a genius idea

What if the first person to discover a blueprint gets a plushie designed after that blueprint

Have a hoard of plushie armor😂

[amber atlas]

haha

[south belfry]

Or like their character in that armor

[devout isle]

Hopefully there are cool lore reasons for land being on sale in the first place as well as the added plots later 🙂

[south belfry]

I’m pretty sure it has something to do with being separated from your character and it’s exploring and what not

When you had the crash landing

[autumn island]

Great explanation, totally understand now , I incorrectly mixed it together with DAO revenue. Thank you Johnny

[south belfry]

THIS IS JUICY

[muted moth]

OMG SO JUICY

[sweet lintel]

Don't forget the Tiktaalik bodypillows!

[unborn pilot]

In theory if say for the first month, 99% of all money spent in the game is in the form of sILV and not ETH, land owners will make virtually nothing from fuel revenue is that right?

[muted moth]

Lol if there is any left after land sale🤣 . But this is a good question, not sure if it counts for revenue if sILV is used

[mortal merlin]

Hahahaha in their teeth lest gooooo

[unborn pilot]

I think it's a very possible scenario, if not 99% then 90~95%. If sILV is trading even 10% lower than ILV, then the natural move would be to buy sILV to spend in game instead of using ETH. This creates an opportunity for farmers too to have immediate liquidity on sILV instead of claiming ILV, which then allows them to compound back into SLP

[barren spruce]

[muted moth]

That's a fair point, though I could see sILV be less accessible to buy compared to what it is now, I feel like people might hoard it instead of selling, but not sure. Obviously eventually all sILV will be gone after YF ends, but that is still a few years yet

[south belfry]

Now all we need is more IZ gameplay 😉

[south belfry]

Well the fuel traded from IZ gets traded for eth

[unborn pilot]

Yeah once YF is over it shouldn't matter, but more in short/mid term, I think current sILV emissions could easily outweigh the demand for in-game purchases. Especially if big players with huge amounts locked start selling their sILV to recompound into SLP because the sILV-ILV ratio is so favorable

[muted moth]

For sure. We will see. They will have to think of something, because if there is no revenue from sILV, then land will be a LOT less appealing to buyers

[unborn pilot]

Like Luggis is probably making $1m+ in sILV per day haha 😂

Well maybe more like $400k~500k. But I've seen some other wallets making $100k~$200k+ per day in sILV, and if sILV/ILV ratio is favorable enough to make them sell, might mean a lot of game expenses will be paid in sILV. Anyway all just kind of theoretical.. if the game does as well as many of us think it will then it shouldn't be a huge concern 🤷‍♂️

[amber atlas]

the Fuel pool is a balancer pool, so putting in Fuel gives you ETH, the pool is seeded with ETH, if a lot of purchases are being done with sILV Fuel price will drop, but I think you might be vastly overestimating the amount of sILV being generated

expect land sale will burn a lot of that, and sILV is a limited supply, I can't see this being more than a very short term problem even if it ever became one... but will run some numbers with Aaron and Perry

[weary swan]

quick question about land. new features and upgrades can be possible in our plots of land we own?

[amber atlas]

the NFT itself wont change, but most new features are part of the game which uses the NFT but isn't controlled by the NFT... which is a long way of saying "Yes"

[weary swan]

ya thats what i was meaning inside the game. sweet!

[weary swan]

so reading above will the gap of silv and ilv alwasy be like this or will it eventually maybe get closer gap once we can purchase in game things with silv i imagine the gap gets closer

[autumn island]

If I want to forge for other players with rare BP I have, because there are 13.5k different BPs, is there advertising opportunity through official platform (not selling BP on DEX). Maybe like a global library as a listing function without the rev share.

[amber atlas]

not a planned feature right now, but seems like a good idea, I'll add it to our internal list of ideas

[amber atlas]

I don't think I can answer this without delving in to the realms of financial advice, I know what I would (and will) do, and I can't tell you that

[weary swan]

ah i see haha ya i get u dw 😏

[spare veldt]

I tried looking at the pinned items. The piece I’m not putting together I think comes from the land tier system itself. Yes you can approximate 5% of Rev but it’s not evenly distributed because output ms based on land category can be H/M/L. So if someone was on the fence trying to decide to go for T2 or possibly acquire more resources to go for T3 this distribution becomes important.

[amber atlas]

we will give as much guidance as we can on the relative production of the Tiers (in the Land FAQ), but its a complex system, so anything we do say has to be taken with appropriate caveats

it is also really hard to even conjecture on value of say Blueprints or Arbitrage vs Fuel, in fact we probably wont say anything about those items other than mentioning them as a possible revenue source

[little moon]

Every time you say arbitrage I gotta change my shorts.

[spare veldt]

Honestly as a non-expert but considering going for it, it’s a bit confusing and hard to wrap your head around. Understood that there’s several factors at play and not looking for finite detail because that’s actually what the game is for - to try different combinations and outputs. Mentioning those other things as a revenue source is helpful because you know what avenues you have. I appreciate the response

[amber atlas]

sure, I appreciate the difficulty on your side, on my side it is hard because I have to avoid information can be construed as financial advice and I have to avoid speculating on prices, revenue, etc

hopefully I can give you the tools you need to make your decision

[thorny crater]

Every day when I see new pin documents it’s like I’m getting closer and closer to the light 🤌

[spare veldt]

Understood and can appreciate where you’re coming from too

[gaunt slate]

@amber atlas I know there's an extractor, but I thought I read earlier about another kind of harvesting building that's more passive and doesn't require as much human interaction - Is that just the convertor? Either way do Convertors need to be placed on resource sites or can they go on any part of the land?

[amber atlas]

we all appreciate each other, lets stand in a circle and sing "Kumbaya"! 🙂

(and pray to the revdis gods)

[spare veldt]

To be honest I wouldn’t want to miss on a land plot if the value was there but I’m worried that the dynamics will be so complicated that you’re basically reduced to winging it. It’s no small thing to give up that sILV at today’s prices because when the game launches it most likely will be worth more. So it’s assessing in game credit vs the benefits of land. If you have a ton of money you probably don’t care but I suspect there’s a decent number of folks weighing these options.

[amber atlas]

oh sure, sorry my comment wasn't meant to be disrespectful, realised it kinda sounds mean/toxic (was a poor attempt at a joke)

[mortal merlin]

The token IDO was way more savage imo hahhaa

[amber atlas]

I'm very committed to getting as much detail as we can, and to making that detail reasonably easy to digest

[spare veldt]

I didn’t take it that way no worries. Just giving some peon perspective

[severe karma]

Yeah its really hard to choose with limited knowledge if I want to claim my silv for this. And what if I claim too much and I'm stuck with a bunch of silv that I would have rather been staked

[lofty cape]

Just wait to redeem that it my plan

depending on cost I am going to go ETH for purchase or redeem rewards in sILV for purchase

[severe karma]

Yeah but you won't know how much until the auction happens

[lofty cape]

They said a week before we will know the top starting price

You can kind of gauge the amount from there since no one knows how low they will go

So if Tier 2 is $10,000 we know the starting price 👍🏻

Makes sense to cap what you want to spend and see what happens, my thoughts

[amber atlas]

just remember this will be very high, as explained a few times, the top price doesn't mean much in a dutch auction, and the most obvious mistake we can make is erring to low or falling too fast

and with that I'm out, ciao folks!

[barren spruce]

T1 starting $2m

[amber atlas]

maybe but that might be a bit too extreme 😉

alright logging out!!

[lofty cape]

Everyone would lose their mind 😂

[long lantern]

So 1.9m

[lofty cape]

Wow they just made $400M on the land sale ❤️

[muted moth]

Wdym? It hasn't happened yet

[lofty cape]

T1 land starting at 2 million 😂

[muted moth]

Ah. Lol. Watch Jeff Bezos come in and buy all of the T1 at 2 mil. Revdis for days!

[lofty cape]

Damn it Bezo’ed again!

[weary swan]

why was the leak deleted the video jonny posted on twitter

[cosmic aspen]

https://tenor.com/view/bo-burnham-inside-jeff-bezos-gif-22268428

[weary swan]

u saw that gameplay? he delted it i want to watch it again xd

[potent dock]

Because the REAL shit is coming in about 2 weeks, and apparently the leaked video was from an older dev version of the game.

[little moon]

dam

that was good as!

[weary swan]

damm if whats coming is even better thats so bullish cause that leak was already amazing gameplay

[thorny crater]

I’m just buying ilv that I’ll end up staking for like the next 3-10 years lol

[fathom ridge]

I hope it's fine for me to say it's on youtube 😛

I just watched in and man the hype is real!

[sudden glacier]

hello, daily reminder for people wanted to buy land. sILV still 2x cheaper on uni! NFA😂

[limpid terrace]

Yep. It's been steadily creeping up too! those gas prices are still really high too. I want to try and get some more sILV. but don't really want to pay $100 per transaction for gas

[sudden glacier]

yea, that's painful :/

[limpid terrace]

Especially when it's 2 transactions to get the Eth into metamask, then another one just to do the swap.
And that's not even considering the gas prices for actually buying the land during land sale.
All these gas prices gonna make me spend a fortune just to buy some virtual land lmao

[sudden glacier]

yep, that's funny, that i will spend more on this land, than on my real land😂 but f*ck that let's buy that!

[lapis gulch]

Will Illuvium Zero land be all flat? It seems really unrealistic considering all the visuals of the main game. I'd love to see zome height variation in your land. I'm pretty sure this team can pull it of.

[vocal pasture]

Digital lands in space? Dont give im ideas! After that he'll put illuvials making deliveries to other players for fees...

[trim swallow]

Will this be playable on the phone

[ivory bough]

Zero, yes

[muted valve]

When is the date for land sale?

[limpid terrace]

I doubt it, that would probably affect affect where you can place buildings which kinda goes against the whole idea of it. It could make some some land better than others of the same tier, making it pretty unfair imo

[sweet lintel]

Unknown for now, you'll know when it's announced ^^ I expect this server will blow up when it is

[muted valve]

I can’t wait

Haven’t restaked in a while. Saving up that sILV

[balmy turret]

When will be the landsale?

[muted valve]

Literally just got my questioned answered. Look up

[limpid terrace]

Not sure if you're taking the piss or just can't read like 2 posts above yourself...

We need a 'mockbot' for every time someone says
WeN LanD SALe

[muted valve]

Yea sorry for asking. I went into FAQ first and didn’t see

I know how annoying Thats could get. But they should have a bot to answer

[limpid terrace]

Lol it's all good. I get that it's sometimes way faster to just ask in here and get an answer lol

[muted valve]

I did make the effort to go to faq first. Lol

[limpid terrace]

It was more that not even a minute after it was answered, the question got asked again. which is why I thought they were taking the piss hahaha

[muted valve]

I was cracking up at the comment. I had to show my wife. She was laughing

[limpid terrace]

haha, yeah fair enough. It's to be expected though with all the newcomers and (partial) information that they come in here with

[muted valve]

I wonder if 12k or so can get me tier 2 land

[limpid terrace]

but that's what the discord is for, to help answer questions and everything anyway.

[limpid terrace]

Honestly I hope 12k would be enough for a T2, but wont know until land sale unfortunately

are you talking about 12k in Eth or sILV?

[muted valve]

12k sILV

[azure mist]

dam that's high

[muted valve]

Sorry

[limpid terrace]

$12k with the current price? considering it's currently 1/2 the price of ILV, that's a minimum of $24k before taking into consideration price increase of ILV for land sale... so yeah I really hope you can afford a T2... cos if you can't, I DEFINITELY can't lmao

[muted valve]

$12,000

[limpid terrace]

I just bought more sILV earlier (cos I saw the price creeping up) in the hopes of being able to afford at least a T2

[muted valve]

So currently like 12 sILV but keeps moving up Bc of rewards

So we’ll see where I’m at once land gets announced

Staking like 113 ILV. Hard not to throw in to compound again but I know how important land will be

[limpid terrace]

Oh you talking about staking rewards? nice. Wish I found out about illuvium early enough to have mad staking rewards by now lol

[ivory bough]

nicely done. that's a very good number

[muted valve]

Yea. Started with 94 staking. Recompounded to 113 but haven’t restaked for a bit Bc saving for land sale

Takes a lot of discipline

[limpid terrace]

https://tenor.com/view/ilv-goku-illuvium-spirit-bomb-gif-23251509

[little moon]

Are there any rough estimations how much you could make in a month per land (for any tier)? What are people predicting?

[muted valve]

Good question but im forecasting it’s worth it

[limpid terrace]

idk that I've seen any speculations around that.
Also, take into consideration that you wont be able to earn (resource income) until main game launches due to reset.
But I hope that we'll be able to get a full return on investment in like 3 months. That seems to be a common rough ROI duration in crypto from what I've seen in a couple of other places

but at the same time, I would understand if it isn't quite that fast as you have to build up the land over time

[little moon]

What would be your best guess? I know it is all speculation. Still interesting to know what numbers people will throw out there.

[woeful narwhal]

It's hard to guess but it will rely heavily on the numbers of players as land profits is based on fuel consumption. I bet it's gonna be quite a lot.

[little moon]

Or what would you hope, best and worst case scenario? 😄

[muted valve]

Agree with this! Which is why buying this land is a once in a lifetime opportunity

[limpid terrace]

Well, I'm just gonna have to go for a best guess and say early on maybe ~$10/day for a T1. purely from resources generated (so excluding blueprints etc). But also gotta think that as you build up the land you'll be generating more and more resources as well

[buoyant wasp]

12k worth of silv or 12k counts of silv haha

[muted valve]

Lol 12k worth of sILV

[limpid terrace]

$12k worth lol.
If you can't get a T2 with 12k sILV tokens, then I don't think there's hope for 99% of us of getting land 🥲

[woeful narwhal]

Yeah, 5-10% of total fuel sales is crazy good considering majority of game revenue will come from fuel.

[limpid terrace]

Yeah, I also imagine it to start of really low as over time as you build up the site and generate more resources you'll be able to get more money as well (I'm guessing you will eventually reach a soft cap for each tier)

[buoyant wasp]

Silv price is pretty insane now considering it was sub 200 3 weeks back...

[muted valve]

I got in ILV in like april. That time it dipped to $30 I had no liquidity. It killed me to not be able to buy

[limpid terrace]

That land sale hype got people panic buying...
I might be guilty of a little bit of that too

[buoyant wasp]

Now is like 370... wondering if I should just sell for the instant 10k +profit haha

[little moon]

Would be interesting to know how much building optimization will matter for earning

[woeful narwhal]

Probably wait until land sale announcement for maximum profits haha

[ivory bough]

you have tons of sILV man... 😄

[buoyant wasp]

Most importantly I bought most sub 200 haha

[ivory bough]

https://tenor.com/view/lucifer-tom-ellis-no-need-to-rub-it-in-dont-gloat-stop-gloating-gif-17086125

[muted valve]

Yea I have avg of $60

[limpid terrace]

I'm guessing that it will make a considerable difference. Otherwise there wouldn't be much point of incorporating building optimization. Only a few people would actually do it, except for the few that actually care about min/maxing

[ivory bough]

RevDis kicks in and you are officially retired for life

[limpid terrace]

Man, I was late to the party... only managed to get ILV the other week when it went sub $500 due to china banning crypto. I'm just riding all my hopes on being able to buy some land lol

[sweet lintel]

Yh same, although no idea wether I should even try to get land

[buoyant wasp]

I got in at $2884 for SLP ...

[sweet lintel]

Been praying for sILV price to stay low ish till payday but is already climbing :(

[limpid terrace]

What's SLP value now? I never really looked into SLP cos it was always out of affordability for me

[buoyant wasp]

About 3.5k now for 1

[limpid terrace]

Yeah, it's been steadily climbing over the past few days, gotta get in quick before it gets to 1:1 with ILV

[buoyant wasp]

It climb after the migration to uniswap V3 😦

[sweet lintel]

I don't think we'll ever get to 1:1, maybe 3:4 at best

[limpid terrace]

Hmm, maybe not before main game launch. But I'm guessing once main game launches, it'd be pretty close to it

[little moon]

With ''land fomo'' maybe more at least during land sales

[sweet lintel]

Land sales might spike it, especially cuz afaik you can only use sILV or ETH, so ppl might be rushing to buy missing tokens

[little moon]

That's what I was thinking

[limpid terrace]

idk, I definitely think sILV will go up during land sale. But there might be quite a few people that bought a small amount of sILV to sell during land sale (buy low, sell high) or even people holding onto their sILV staking rewards to sell then as well.

[little moon]

Are there good instructions on how the land sale will work and the process etc?

[limpid terrace]

Not yet. nothing has been officially announced. all the details will be out 1 week before land sale. Which we don't know when that will be either though

[sweet lintel]

Damn, had about 100% same written but you were faster xD

[limpid terrace]

I'll let you take over then, Im gonna go to bed lol.

[buoyant wasp]

Also there will be those who bought thinking they could get land but sell sILV once they realise that there is no hope to get land at the prices they target

[muted valve]

Thanks bud for the info

[buoyant wasp]

To be fair sILV gains are not high , taking into consideration when I bought ,eth is at 2.8k so could have kept eth and get good return as well instead of exchanging for sILV

[vocal pasture]

Even so, sILV/ETH has a 25%ish gain since it started….

More…53.8% last month

[fathom ridge]

I really hope we have enough time from the announcement to the actual land sale for us to be able to accumulate enough sILV in case we recently claimed in ILV

[undone elbow]

Land are going to be very expansive cause its very easy to get silv with 600% lp and its all you can actually do with silv

[cinder fractal]

Most people are claiming ILV

Land will be expansive because people can see huge potential around illuvium ecosystem

And its 400% right now for ilv/eth poll and every month is 6% less plus i can see a lot of new money going into that poll after trailer so we can half % in couple of months

So i really dont see how we can have ratio worse than 1:1.5(ilv:silv) in near future

[thorny crater]

Only reason I see to buy silv now and in the past before leaks, is the silv in game is 1:1 ilv.

So if I had bought silv at 200 in game today would be worth 700+.

For land this is huge.

[severe karma]

I didnt even think of that... land will be constant spending so why not get a huge discount

[slim flint]

will you be able to use silv in IZ to speed up stuff?

[lapis gulch]

I believe you'll be able to speed up some stuff(like building structures), but not others(like research which provides nft-s).

[ivory bough]

Yes but with ETH afaik not sILV

[lapis gulch]

My guess is that you can use sILV and ETH interchangeably ingame.

[fading fulcrum]

why is price impact so high when trying to swap sILV -> Eth in uniswap v3? Is that just because of low liquidity?

[ivory bough]

Yes sILV liquidity is pretty low.

[fading fulcrum]

its only a big impact in one direction

[ivory bough]

sILV shouldn’t even be out there. The fact that it is and is cheap is a blessing in itself 😆

[fading fulcrum]

I just find it strange that there is over 3000 in the uniswap pool, but when I'm trying to sell like 20 its moving the price by 10%, seems odd.

[slim flint]

I don't use uniswap often. I have funds in USDC which I want to change into sILV. Is it better to first move these funds into ETH then use uniswap or do it directly from USDC?

[ivory bough]

I always trade ETH so I wouldn’t pay the approval fee.

[cinder fractal]

Just type amount you want to buy of sILV and compare difference in price between usdc and eth

[slim flint]

The prices look very much the same. Just thought it might be more expensive in fees because with USDC it needs to do 2 changes instead of one. (USDC to ETH to sILV)

[cinder fractal]

I think it's the same because it's probably going like this usdc-eth-silv

So it doesn't really matter

[weary swan]

silv stop going up pls payday soon

[little moon]

do you think that silv will go up a lot before land sales, or most of the peoples are going to buy land with eth ?
Is there any benefit from buying land with sILV instead of ETH ?

[copper inlet]

i hope so xD so i can sell leftovers from land buy (if i manage to buy one ^^) and move it to ILV

[muted valve]

I’m using my sILV. Claiming rewards in sILV for the past month until land sale

[ivory bough]

https://tenor.com/view/we-must-buy-them-all-eric-cartman-kenny-mccormick-stan-marsh-south-park-gif-21683010

[mortal merlin]

https://www.dextools.io/app/ether/pair-explorer/0x13cf86f52d4a3000ca7349ce5cf107c248dfea81

hahaha aight who got completly cuked paying sILV at 48 902$ each

Pool got emptied

[ivory bough]

both Uni and Sushi are out?

[mortal merlin]

Its a good move

Will force people to use eth for the sale

[ivory bough]

yeah actually I was exactly thinking about the same thing. Seems we might see some RevDis after all lol

[little moon]

what's the point of claiming several time sILV? just claim it once before the land sale to avoid paying several transaction gas.

[ivory bough]

well, some might plan to have more and each time gas seems reasonable they will claim and then decide if they need or can afford more. If you are sure how many you will need and will have by the sale, yeah, it makes sense to claim just once

[muted valve]

I am. I’ve been letting my rewards accumulate for the past month

Sorry I wrote it wrong above.

[little moon]

all good, was saying just in case to help

[muted valve]

I haven’t been claiming I meant I have been accumulating the past month and will claim once land sale starts

[little moon]

many are, sILV amount will grow a lot with the land sale. Just around 30k for now, probably way above 100k by then

[agile sigil]

I manage to claim 8 sILV. you guys think it will be enough for tier 1 land?

[muted moth]

There is no knowing for sure, but if ILV price keeps going up the way it is, personally I think that will be enough.

[ivory bough]

probably. I agree with @muted moth

[weary swan]

so theres no liquidity for silv rn?

[ivory bough]

apparently. if there is, it's pretty low. the illogical price saw to that lol #🎮〕illuvium-zero message

[weary swan]

ya i saw that.. well glad i got most of my silv under 240 xD rn price mooning

[ivory bough]

good. u can now buy as many lands as you can haha 🙂

[weary swan]

if theres very low liquidity from sellers price goes up of silv right ? thats how that works?

[ivory bough]

it's pretty volatile. I wouldn't trust the price tbh

[dense cradle]

where can i read the perks of the badges on the opensea?

[muted moth]

So, they have no in-game benefits; purely cosmetic. And no whitelisting either

[slow cedar]

How does that even happen? Fat finger buy order?

[mortal merlin]

Trying to buy 57 eth worth of it without cheking the liquidity yea

[potent dock]

omfg lol

They paid a lil more for their 5 sILV than I did

[mortal merlin]

The bot made bank selling 5 sILV for 57 eth hahah

[dusky ledge]

omg.....

[sweet lintel]

That's an oof

[tender marsh]

just univ3 closing out the v2 pool that's all.

[mortal merlin]

Aaa gotcha

We where searching why

[sweet lintel]

So is there sILV in v3 then? I don't know how to check it :(

[tender marsh]

:silv infos:
silv etherscan: https://etherscan.io/token/0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2
silv chart (uni2):https://www.dextools.io/app/ether/pair-explorer/0x13cf86f52d4a3000ca7349ce5cf107c248dfea81 (inactive)
silv chart (uni3): https://www.dextools.io/app/ether/pair-explorer/0xa7f72a1ec0ab189998a3eec8b886e6360aff39da
silv uniswap3 ETH-SILV : https://info.uniswap.org/home#/tokens/0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2

[sweet lintel]

Ahh so it looks like there is sILV?

[sweet lintel]

All hope is not lost then 🥳 now just gotta hope price stays in check for 5 more days ;_;

[distant lotus]

I would even hope for tier 2. Good luck!

[tidal arrow]

I wonder if this transaction is legitimate. Someone sold sILV for 44k each?

[sweet lintel]

Apparently it's uniswap cleaning out the v2 pool

[tidal arrow]

Oh i see

[limpid terrace]

How do you actually check the liquidity on dextools? I was trying to figure that one out yesterday but couldn't find it

[unborn pilot]

Liquidity isn't too bad on Uniswap for sILV, $727k~ deep

[native lichen]

Hey does anyone have a link to the land properties page? Cheers.

[mortal merlin]

Yea mybad I was looking at V2

[polar yacht]

Things I like to hear

[exotic valley]

The app that has all the listed properties isn't out yet, but if you mean the list of what tiers have what resources, it's below.

[amber atlas]

thats really out of date, this is much better: #🎮〕illuvium-zero message

(unpinned old one)

[unborn pilot]

Was there a new gameplay footage for IZ that was leaked then deleted? Haha

[south belfry]

It was main game footage

I wish there was some more IZ too

[unborn pilot]

And it's all deleted, I can't see it anywhere? 😂

[south belfry]

No was up for like 5 minutes haha

[raw sky]

p easy to find on yt

[unborn pilot]

Yeah I found it lol ty

[amber atlas]

its annoying having it out there as it is at shitty twitter resolution 😒

[unborn pilot]

Still looks awesome

[raw sky]

hope the illuvials start moving across the field more, they looled stuck in place in the leak (but it was an early build so definitelt better in official trailer i hope)

[amber atlas]

they were ranged creatures

(except the pangolin and axolotl who were close to each other)

suffice to stay things move (walk, crawl, fly, whatever) to get in range, just wasn't needed in this setup

[raw sky]

thats good 😄

[south belfry]

One thing would simply be just make the arena bigger haha

I’m sure they’ll move enough tho

[amber atlas]

they move fine, but only if they need to move to reach their target, if you stick a bunch of ranged creatures within range of each other no one will move at all, if you stick a bunch of melee creatures at opposite ends of the board they will move a lot

move speed is also a game mechanic, a slow lumbering creature has a disadvantage against a ranger, whereas a fast creature much less so as they will be able to close the gap more quickly

anyway I probably shouldn't talk about deleted leaks too much 🙂

[green forge]

In plain and simple numbers , how much is each NFT on the first sale release ?

Where can we purchase them?

[chilly hemlock]

They will be sold as a Dutch auction so there is no set price. The starting price will be extremely high and it will drop to reasonable levels over time. Nobody can really predict what the exact price will be since there are a lot of factors to consider

[green forge]

So for the rest of the world , besides the free tier how can we purchase later on ?

[cosmic aspen]

if you're referring to land, there will be secondary sales anywhere NFTs are sold after the sale - certainly

opensea and/or the illuvidex(depends on the completion date of this)

[green forge]

Thanks Jeff , also, I have ILV where can I stake it in order to get SILV ? 🌀

[cosmic aspen]

https://staking.illuvium.io/staking/core

check out all the pins in the #🥩〕staking channel

many good staking videos out there now like the one by vetemor or the one by rahlord and myself

[green forge]

Jeff have a YouTube Channel and are influencers , where can we DM Illuvium#0481 Mr Jawed A ? In order to apply 🌀

I dont see him Jeff

[cosmic aspen]

@ionic stag

[green forge]

Found it

[low geode]

Wow

[deep arch]

is there an announcement channel for illuvium Zero

[low geode]

That footage is amazing!

[little moon]

Do we have any idea when the land sale is happening yet?

[cosmic aspen]

not yet

[thorny crater]

Nope

https://tenor.com/view/no-fun-lonely-alone-coffee-patient-gif-12521891

dat me

[south belfry]

sadly no

[glad jolt]

Did I hear Kieran right in the twitter space he’s in right now, that land sale was in 6 weeks?

[valid oyster]

👀

[little moon]

He did say that.

[glad jolt]

Okay I’m glad that I wasn’t imagining things lol

[fast obsidian]

so late? Not early November?

[severe karma]

Well then perhaps I have more time to accumulate silv 😈

[arctic pike]

My thoughts exactly

[pine zephyr]

swapping eth for silv right now might be the move

[thorny crater]

What’s gas cost for that exchange?

Might need 500-1000+ to be worth it

[pine zephyr]

uniswap?

[native lichen]

Hey is the land for IZ going on sale in 6 weeks?

[crisp blaze]

that's my interpretation of what Kieran said

[azure cedar]

Is it sure , that during the sale , the sILV will be peg 1:1 with ILV ?

[formal bluff]

yes

[azure cedar]

So it means , if i buy some sILV now at 0.5:1 on uniswap , i will be able to use them 1:1 during the landsale ?

[autumn island]

In terms of the trading price at uniswap, I think it will only go as far as 80% - 90% of ILV, but it's still a good buy now at half price.

If you plan to buy sILV and sell it back to the pool when the price is up, be aware of the risk liquidity can be withdrawn later on.

[azure cedar]

No i'm asking , if i buy the sILV and hold to buy lands , if those sILV will worth exactly the same than ILV for buying lands ?

[autumn island]

Yes for sure, confirmed officially.

sILV will worth the same as ILV wherever land or in game items are sold officially.

[azure cedar]

So i m litterally saving money to buy them half price and use them full price instead of ETH

[autumn island]

yeah, too good to be true? I spent some time to understand the reason behind it, the uniswap is a privet pool people use to sell sILV to cash out, and many of them reinvest those money to stake and take advantage of 300%+ reward. The selling push sILV price drop to half. It make sense.

[azure cedar]

it makes sense , everybody s happy this way ... but yeah sounds like a big discount to me

[autumn island]

@noble quest Hi Kieran, can you please let us know if the leak from twitter space, land sale is in 6 weeks, is very likely to be true?

[slim flint]

Cool. Got my sILV ready for the sale. Lets go!

[river siren]

What are you discussing

[ivory bough]

Here you can discuss Illuvium Zero and Land

[river siren]

Ok i need more study

I can't be proud

[ivory bough]

for land you can check the pinned messages in this channel

[copper inlet]

@ivory bough asked it once already but nobody knew, maybe you ^^
was wondering if i will be able to play Zero (after managing to buy land) "having" my land on hardware wallet.
if needed we can always merge keys to hot wallet but i was curious (i know its early for that questions) but maybe there was some talks already

[ivory bough]

well since land is NFT, you can have it in the wallet but how the connection is established, or how managing it takes place or if you need to connect your CW every time is still not clear.

[buoyant wasp]

with what can you buy land?

[fair temple]

Eth or sILV

[buoyant wasp]

where can you buy/trade for silv

[fair temple]

There is an un-official Uniswap pool with sILV, made by a number of whales. The sILV is legit, but make sure you have the correct address when swapping. You can find the address pinned in #💰〕token

[buoyant wasp]

ok thanks, can you link it to me please?

[little moon]

btw, even if we are paying with sILV, the gas fee are going to be in ETH, as well, depending on paying with sILV or ETH won't change the amount of gas fee payed ?

[ivory bough]

Nope. Gas is gas regardless of what currency you use

[sudden glacier]

hello, daily reminder; land sale in about 2 weeks, you can buy using ETH or sILV and right now sILV is at 50% discount on uniswap. NFA, have a nice sunday everyone!

[fast obsidian]

Are you sure the land sale will come in next 2 weeks?

[sudden glacier]

team said, late october, or little delay and early november

[crisp blaze]

that's old news, latest info from Kieran interview a few hours ago is it's in 6 weeks from now

[sudden glacier]

oh, okay, thanks

[muted wadi]

@crisp blaze can you guide me to the interview you're talking about please

[crisp blaze]

they did it in Twitter spaces, not sure if it was recorded

[muted wadi]

Thank you very much!!!

[sweet lintel]

@muted wadi Wilder Worlds will be releasing the recording 🥳

[muted wadi]

Sweet... thank you, I was wondering about all that wilder worlds chatter in general channel

[sweet lintel]

It's not released yet :(

[fast obsidian]

if so,I think the main game may also be delayed

[crisp blaze]

I think the reason the landsale is getting pushed back is they want to make sure the illuvidex is up and running for the landsale, not to do with development schedule for the main game

[fast obsidian]

Hope so

[little moon]

And maybe staking v2

[autumn island]

I agree with this one. RevDis is after staking 2, and it is only fair if land sale RevDis is right after the sale

so new staker after the sale don't take advantage of taking a cut.

[formal bluff]

Did they officially announce it is getting pushed back?

[crisp blaze]

it was originally floated that it would be late october-early november, now the latest interview says it will be 6 weeks from now

[formal bluff]

Do you know where can I find that interview?

[crisp blaze]

It was done on Twitter spaces so no recording as of now, Wilder Worlds will release a recording or transcript sometime in the future though

[maiden wasp]

this in reference to the land sale?

[crisp blaze]

yes

[formal bluff]

damn that is like one whole month more of waiting

[maiden wasp]

i saw the projected price chart, thinking this is still accurate

[tulip nest]

hey guys, trying to decide whether to enter the land sale with either ETH or silv, I understand that I can convert my eth for silv at a discount, as silv = ilv price in game, but does this really contribute to an advantage for land sale? i.e. will my ETH go further during the land auction if I convert to silv and purchase with silv?

[plush surge]

believe silv value also = ilv for the land sale, so if you believe that the eth/ilv pair is gonna stay fairly stable from now till the land sale, and you 100% wanna participate in the land sale, then it'll be more value / dollar amount to convert eth to silv.
do note if you do that and don't purchase land, you'll either have to hold silv till game launch and use it there or swap it back at what the rate might be

also if you do that, make sure you got the right address for silv

[tulip nest]

So do we know that the auction for land will be $ amount, then you purchase that land (or bid on it) at a certain dollar amount, then you pay with either ETH or silv? If that is the case, then yeah it would be beneficial as silv would go further, am I right in my thinking here?

[ivory bough]

It's a Dutch Auction. The price keeps dropping until someone buys. You click buy and it's all yours. No bidding, no gas war

[vocal pasture]

It drops slowly…like one step each 15 minutes or so? Or fast? Only way to avoid gas wars is if it is slow…

Never saw a dutch auction online 😉

[ivory bough]

Well the speed of the drop is unknown, but I assume it should follow a pattern until all lands are sold.

[vocal pasture]

The first ones, price discovery, will be…fun lol

[tulip nest]

I get that, but will it be priced with $ amount? For instance if 1 ETH = $4,000 & ILV = $1000, and I "purchase" a t1 land at $4000 during the auction, my options would be to pay 1 ETH or 4 silv, is that correct? If so, that would mean it's worth it for me to convert my ETH right now to silv, since I can get silv at 50% of ILV price, thus my ETH would go further during the auction. But if silv only = silv price during the land auction then it really doesn't matter, does that make sense?

[ivory bough]

Yes it will be based on $ and you pay with ETH or sILV.

[tulip nest]

and the silv token will = ILV price during land auction right? sorry for all the ?'s just trying to get the details to make right decision, appreciate the responses

[fair temple]

Yes

[blissful vortex]

Keep in mind mate that you can't split the bill, so you need enough sILV to make the purchase, and whatever is left over will probably be hard to sell, i.e sILV might drop pretty hard after the sale because it has no utility for another few months after that - it's not a bad strategy, just make sure you consider all aspects

[tulip nest]

yeah I appreciate it

[stray patio]

If you are lucky enough to have some sILV left after land sale, I'd keep it to use in the main game when it launches. Plus it'll appreciate eventually probably.

[lofty cape]

you cannot use sILV in Illuvium Zero?

I thought for building speed ups and production you can

[ivory vine]

https://discordapp.com/channels/760344898200666112/857471213513605140/895690448847380501 🙂

[severe karma]

If that's the case getting some silv at a discount to use is not bad at all.

[dawn cradle]

I'm assuming this has been asked already but in Illuvium Zero once the game exists on the blockchain (so main game beta launch) it sounds like one can spend to speed up production. Is this limited to paid for lands or can someone speed up their T0 land as well? It sounds like I can spend SILV for this. Can I? Can I spend ETH? And can I spend USD via applepay/googlepay like most other games?

[little moon]

what if the price of sILV start droping during the land sale xD

[mystic gull]

where can you find sILV to buy? cannot find it in UniSwap

[midnight flax]

it is all the same to you....even if price of silv during the land sale hits 10$ (in that unofficial eth/silv pool) it would still be peged to the price of ILV so your purchasing power will not drop. Problem would be if you are not able to buy land (and have a bunch of sILV in your hands ) and you want to swap back to eth...

[midnight flax]

you have to import sILV contract adress:
0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2

[mystic gull]

@midnight flax thank you 🙂

[ivory bough]

Please next time refer people to pinned messages in #🥩〕staking if they needed the address and ask Mods to do the contract command. Scammers might use the opportunity to send bad addresses and you are safe this way

[mystic gull]

yes I thought it could be scam and investigated as well. But not everyone will do that

[ivory bough]

Yes. That's why we ask everyone to ask mods or refer ppl to pinned messages. 🙂

[half anchor]

Hello, when land sale?

[undone phoenix]

6 weeks

[lusty crag]

Is there now already an estimated timeframe when the 1st land sale will take place ?

[half anchor]

Where I can find the leaked info up to date about the land sale?

[undone phoenix]

#🎮〕illuvium-zero message

[little moon]

do we know if a land market place will be available to trade the lands right after the auction?

[little moon]

Hey guys. Where do i can find WP for Illuvium mini game? Thanks.

[ivory vine]

There are a few GDDs to be found in the pinned messages in here. Furthermore, JohnnyA | Illuvium has provided a ton of information in this channel too, definitively a look worth. If you prefer video, I recently made a video, explaining Illuvium Zero to newcomers. Follow up video for Scanning / Researching to follow most likely in a few days: https://www.youtube.com/watch?v=n7V4wD6AUuE&ab_channel=RisingStorm

[boreal remnant]

Olá pessoal .
Boa noite!

Algum Brasileiro aí ???

[muted moth]

#808499666639388682

[fickle ore]

Land sales are 6 weeks away 🚀🚀 yess

[muted moth]

Is there a link to that? That is something I’d like to watch if possible

[boreal remnant]

@muted moth Obrigado!

[south belfry]

hopin for some juicy updtes this week

[autumn island]

hopin for some juicy updtes today

[urban dome]

Which interview said land sale was in 6 weeks. I'd like to listen. And what kind of update is coming today?

[exotic valley]

It was the Twitter Spaces with Wilder World last night. It was kind of a casual comment in passing while talking about something else, so it was probably more of a general time than a specific date that he had in mind.. but end of November is in 6 weeks so maybe more like 5 in reality

[scenic sky]

is there a recording of this?

[exotic valley]

I haven't actually looked yet, it was being auto transcribed in real time but it was hours, so that would be a lot of reading lol. Let me see what I can find

[gaunt slate]

Would also love that recording/transcript if it exists.

[exotic valley]

They said it was recorded but not released yet. Are you in the Wilder discord?

[gaunt slate]

I am not yet

[acoustic vine]

how much is the estimated price of t1 land?

[long lantern]

Dutch auction

[acoustic vine]

google the meaning of that. The price will be insane at first.

[long lantern]

Yes, may start at like 500k-1m then the number decreases until it hits the “highest bid”

[acoustic vine]

poor people like me cant afford a land 😫

[rain tree]

I just came across this. What is this?

[exotic valley]

That was an hour long discussion panel about a collaboration between Wilder World and Illuvium. They will have a link to the recorded version soon.

[rain tree]

Yeah but what are ILV metaverse towers? Any idea?

[exotic valley]

They are kind of open world metaverse and other NFT games set up shop in their world so everyone can kinda interact in the metaverse. the Illuvium logo will be a skyscraper in their city, that will be our HQ

[rain tree]

So is this a possible RevDis situation?

[exotic valley]

I am not really sure what it will turn out to be

[rain tree]

Hmm I’ll keep an eye out for the link to the recording.

[exotic valley]

hit up https://www.wilderworld.com/ and imagine our logo as one of those buildings on the Cribs tab

[rain tree]

Feel free to tag me if you find that link to the recoding 😃

[exotic valley]

sure thing. This is the response I got about it an hour or two ago
#🎮〕illuvium-zero message

[distant lotus]

My understanding is that Wilder World is a metaverse that will integrate with lots of other communities / games etc. They are building on Unreal 5, and very focused on getting VR up and running. The vision is that Illuvium will have a tower there in "Wiami", so we could go there and chat/flex on other players, and they're looking to have it so we can bring an Illuviul along to flex. It's still a while off as it's in development, right now Wilder World has a token along with some NFT shoes and NFT cars, with NFT cribs next. People are buying them now, so they can flex when they where in the metaverse later (I've been researching since the partnership was announced, I might put some $ into Wilder World too)

[distant lotus]

Short term I don't think it's a revdis event. Wilder World probably aims to sell their lands, but likely gave Illuvium one free as an "anchor tenant" to help Wilder get their community going. Maybe in the future there will be an opportunity to get advertising revenue from our tower in Wiami but it's a long time down the road.

[exotic valley]

I did like the racing idea

[rain tree]

Thanks for explain that in detail, seems like a really cool concept! I’ll have to look further into the project.

[little moon]

Keep an eye out for the interview, Wilder World is definitely more 'big picture' than Illuvium but there is a lot of great discussion about web 3.0 and how Illuvium can fit into the greater metaverse. I think the exact relationship between Illuvium and Wilder World has yet to be defined but that makes it more exciting because that can make it a launchpad for larger scale utility cases for Illuvium assets over the long term..

[autumn island]

Have you got whitepaper of Wilder World? Couldn't find it from their website or medium.

[little moon]

bruh if you find it can you DM it to me? I was asking in their discord yesterday and they only were posting images of some stuff I asked about.

Personally, major red flag for me if they arent making information readily available for potential investors.

[autumn island]

Sure if I could find it. I agree with you it's a red flag especially they are selling land and NFT to draw cash flow. However my feel for it, is much better than Star Altas, maybe because illuvium is doing cross promotion with Wilder World.

I trust illuvium a lot

[little moon]

Yeah i think theres definitely potential there. Im in Illuvium because we seem like the most polished and professional group in the space. When looking at smaller projects I see a lot of good ideas and potential but they just seem so much farther from a finished product.

Nonetheless I would be stoked to hop into a web3 VR chat equivalent and chill in the VIP illuvium lounge.

[sweet lintel]

With Illuvials hanging around 😍

[blazing plaza]

Anyone know how the remaining 80k plots of land will be sold? Also, can we buy with both sILV and ETH?

[ivory bough]

The remainder plots are not known yet. The council will decide. And you will be able to buy either with ETH or sILV, not combined.

[distant lotus]

I was hunting also - check out theur "zine" - you'll find more in there. I'm not shilling it at all, only discovered since the Illuvium partnership. I'll stay off this now as it's prolly off topic!

[autumn island]

Thank you. I will stay off too.

[noble quest]

Yes, but there is no set date, and there are a couple of things that it depends on like the audit of the new contracts. Unfortunately that is out of our hands.

[urban dome]

I'd like to hear that recording. Do i need to join this Wilder discord to find it?

[autumn island]

Thank you for your reply, it helps with our plan of staking etc. 😀

[little moon]

About price of land, i know nothing is certain, but 2 sILV would be enought for T1 ?

[flint jacinth]

As you said nothing is certain.
But for the first sales, lands might be overpriced and 2sILV may not be enough.

[slim flint]

is it known how many of each tier land will exist?

[little moon]

@flint jacinth Ok sadly ^^

[little moon]

so for tier 1, how much do you plan to invest ?

[azure cedar]

Hi guys , can someone explain me how blueprints will work ( i mean how do use it , or how do you sell/transfer it to someone for him to use it as much as he wants ) ... If there is a link where i can have my answer too

[autumn island]

there are some pinned GDD documents in this channel, try to find the one about scanning on 24th of Sep

[spark latch]

im watching an explanation vid at the moment and i would like to know is there anyway to monetize the carbon , silicon from tier 1 ? what is the main difference between tier 1 and tier 3 land ?

[slim flint]

The rarity of a land plot is separated into a number of tiers based on features on the land.
These features are: the number of Element Sites per tier, the number of Fuel Sites per tier,
the presence or absence of a Landmark on a plot, and the class of the Landmark on a plot.

Tier 3 also has a landmark where T1 and T2 don't have these

[exotic valley]

I'm not sure how they are going to host it. If I can link to it, I'll post that in our discord but their discord is easy enough to join as well.

[upbeat flare]

Should only be sLIV

[fair temple]

yeah we would get a lot more land that way. But it is also Eth.

[upbeat flare]

Hopefully that ETH goes to buying $liv

[shell rose]

Those resources can be monetized by building a converter and converting them into fuel. I assume there could be a sort of market at some stage too but I don’t think that’s the case right away.

[true bluff]

Is it better right now to save or invest in sILV or ETH for the land sale?

[small star]

From a pure price point of view : do you think eth will double in price by land sale ? If yes then eth, if no then silv. But you may end up with some silv not used and nothing to do with it for a while.

[true bluff]

SILV cannot be exchange to ETH at any moment?

[ivory vine]

!silv Not officially. You can on the open market but not at a 1:1 rate like the value is within the Illuvium Ecosystem. sILV is meant to cash out yield rewards without vesting period, as such there are downsides to it compared to ILV.

[dry forge]

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

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

[true bluff]

Oh I see, thank you!

[dire tiger]

Can I use ILV for illuvidex or only ETH?

[ivory vine]

Since it specifically says "excluding IlluviDEX" in the message you replied to => No, you cannot. IlluviDEX is ETH only 🙂

[buoyant wasp]

Camping for the daily leaks

[spiral sail]

Can I have an idea of how much land might cost?

[ivory bough]

watch this and it will help you:
https://www.youtube.com/watch?v=n7V4wD6AUuE

[spiral sail]

Thank you so much really appreciate

[vivid cipher]

Not really. But estimates are between $500 (t1) to $10m+ (t5)

[ivory bough]

$500 T1.....damn that's too low haha 😄

[vivid cipher]

I know

[ivory bough]

I mean 100k land is literally nothing. Many will have more than one and we are talking about millions of players...

[vivid cipher]

1eth or 2 sILV seems closer to what I’m expecting for t1s to go for. But it’s a crap shoot estimate.

[ivory bough]

hmm...I'd say 2 sILV is logical for T1. 1 ETH like $4k maybe a bit outrageous. but We might see T1 go for 5k haha 😄

[spiral sail]

when the crypto market crash would land aswell drop in prices?

Because it is linked with eth

[ivory bough]

land is asset. So, it might hold it's value. Like if you buy something for $1k, then it might hold the value cuz it's an asset. We'll see. This is the first bear market for NFTs afaik. Maybe I'm wrong though

[spiral sail]

Sorry for all these questions but do you think you can make profit form buying the land from not reselling but by farming

[ivory bough]

sure. You can always sell fuel and earn $ in form of ETH

[spiral sail]

Thank you @ivory bough your an absolute legend 👍

[ivory bough]

https://tenor.com/view/you-are-literally-the-nicest-person-you-are-so-nice-freaked-out-hughie-campbell-jack-quaid-gif-15588419

[vivid cipher]

It’s gonna be a significant initial investment to overcome but you’ve got a long time (technically forever?) to be able to reach the break even point since the land never runs out of producing power.

[waxen token]

My apologies I’m sure this was asked… but is the land sale still planned for end of this month here?

[still crag]

Praying for a 4k T2

[ivory bough]

Hey. No. It will be in November most probably

[waxen token]

No way lol

[severe karma]

U really think we have 20 thousand people waiting with more than 10k for land?

[ivory bough]

It's not 20k ppl buying 20k land. It's a lot of ppl buying toms of land. many will buy huge chunks

[severe karma]

I'm gonna go into cardiac arrest thinking about this before the land sale happens

[spiral sail]

Yeah you going to have 1 guy just buying as much as he can with is dads card

[wheat trail]

And then there'll be the dad buying all the rest

[spiral sail]

Sad part is allot of crypto people are going to see this as a investment and will spend 500k +

[ivory bough]

yeah I guess $4k would be good. Lower would be a blessing

[severe karma]

I am so dead set on getting land, don't even own real life land. If I told anyone I know in person they would look at me like an insane person. I feel like I'm living a double life

[mystic harbor]

Land sale will happen just in time to wipe everyone out and and can't buy gifts for the holidays lol

[vivid cipher]

Land (use) for everyone! Merry Christmas! (I’ll hold those keys thank you very much)

[shadow ridge]

Relatable lol

[gaunt slate]

A couple quick general questions if someone knows better than me.

Is it confirmed Convertors will have a very low passive production as well? Like without having another resource fed into it? I'm pretty sure that was mentioned but just wanted to confirm if able.

I was going through the very first GDD Doc which I know isn't totally accurate anymore but are convertors still going to be separated where Elements can only be converted to other Element and the same for Fuel, or will you be able to convert elements up to Fuel?

[long lantern]

all GDD doc is subject to change, as of now i think convertors are not efficient in terms of profitability. but could change, also we dont know the specifics.

I hear there will be more details and a FAQ posted before land sale

[gaunt slate]

Yup, still anticipate plenty of additional changes especially from that original doc, just wondering if those are still generally considered true

[long lantern]

i think u provide 1 or more resources to convert into X resource.... its not a "Free conversion"

[dawn cradle]

From my understanding convertors (elements or fuel) provide passive income based upon the type of convertor it is. Separately, I don't believe convertors can convert from elements to fuel. I believe it is one or the other. As to whether a single convertor converts to all element types or only the element type of the "convertor", I don't know.

[hardy brook]

Given how much sILV is already out there ready and waiting for the land sale I'd expect T2 to go for near double that. $4k seems a little on the low side.

[still crag]

Yes, probably. Let me dream a bit

[next obsidian]

With the numbers folks are throwing around, I’m increasingly in the claim all rewards for ILV camp. Don’t think I’ll have enough sILV and not sure I want to take the risk. I’ll probably regret it tho.

[ivory bough]

you can always use sILV in Illuvitar auction or in-game or (probably) merch purchases. But it's good to know what plan you're gonna go with and not regret

[next obsidian]

I still don’t get what the illuvitars are and how they work

[ivory bough]

Have you seen Polymorphs from XYZ?

[next obsidian]

Well, as long as Illuvium does well, I’m not really concerned with ILV being a bad investment. Just a question of would land have been better.

And no on the polymorphs. Do they have uses?

What I like about Land is that it has utility. Game utility, but still utility that can be value. Most NFTs are just shinys. And I don’t really care about a digital original of art that is the same as a digital reproduction.

[ivory bough]

sure. Land is an accessory. If you are already happy with your ILV investment, risking a bit might/might not sound bad. Still, not having land means probably you are giving up on playing Zero. But to know what you wanna do is betetr than making a rash action. No polymorphs don't have uses afaik. They are collectibles, but you see how much collectibles go in OS....NFT worls is crazy haha

[next obsidian]

Agreed it’s crazy. Unless the NFT does something, has a purpose, I’m out. The art thing could go crazy sideways and burn. I’ll see what my rewards look like come land sale. Might cash out some sILV if it looks like I can grab a t1. Might cash out a little just for play in main game.

I want to play game and zero, but I look at all of this as more of a money making opportunity than a game opportunity. Worst case I can always play a console game.

[ivory bough]

https://tenor.com/view/guy-with-a-plan-joker-gif-4859983

[next obsidian]

Game looks like best in class for on the blockchain, tokenomics for ILV are incredible in crypto space. Both combined makes me feel good about 🚀 🌙

[crystal temple]

A lot will be decided when they announce the starting prices for the land. I'm assuming they will sell for 90% of whatever the starting point is. Then I'll decide to buy land with my silv or swap it to ilv. (hopefully at 80% - 90% of the ilv price) The rev dis is really tempting. So much is unknown with land ownership. To many options for my smooth brain.....

[muted moth]

The idea is that the land will sell for around 10% of starting price. At least that was what Johnny said they were shooting for; they wanted starting prices to be around 10x the estimated average selling price

[crystal temple]

I suppose that makes sense. Start really high, but man the fomo may be crazy. Could be a lot of really unhappy landowners that overpaid. Going to be super interesting. I'm glad to in either way.

[muted moth]

Yep. Imagine someone paying 50k for a T1 lol.

[little moon]

I just have 2,2 sILV, i'm really scared, i might just swap that to ILV, knowing that whales are going to buy up all the T1 at very high price

[ivory bough]

I'm sure we'll see that happen 😄

[distant lotus]

No need to be scared - you're sILV will be worth more the closer to land sales we get. You can always make a profit on them then, then pop them back into ILV. OR sell your sILV the day of land sale at 80-90% of ILV value - then buy them back again 3 days later for c40% of ILV value (in fact, that's a great idea - I might do that!)

[muted moth]

It better not😡. I want my damn land!

[copper inlet]

same haha, i'm so hyped for land sale ^^

[little moon]

Same here, i really want my land, it would be the first land i ever own

[ivory bough]

no worries. Them buying T1 at 50k doesn't mean the price will stop dropping 😄 it just means they are gonna get rekt AF 😄

[little moon]

Thanks, for the strategy, i hope my brain will choose the rationnality xD

[muted moth]

True. We will see what happens. So unpredictable and I hate it

[crystal temple]

nfa but only use $ you can afford to lose. I believe ilv will be the safer play. It's price should rise and there's the rev dis with staking. If you're going to swap the silv, wait till closer to the sale as it's only going to rise. Plus there will be more info then. A lot of pure guessing now.

[copper inlet]

rekt or not they will sleep well with empty pockets but with many many square miles of land xD

[ivory bough]

buying T1 for $50k is like punching a fright train and hoping you send it to the moon 😄 you are gonna end up a tomato paste

[little moon]

some pixeled land 😂

[subtle shell]

Just a short question, which I think has already been answered several times: Can you buy land with ETH?

[ivory vine]

Yes, ETH or sILV 🙂

[distant lotus]

You're a poet Arash 😆

[ivory bough]

ikr 😄

[subtle shell]

Thx for the quick answer

[copper inlet]

unless you are tomato and want to fulfil your destiny

[subtle shell]

If you can buy land with ETH, why should you buy sILV ???
Just because the price of sILV is significantly below the price of ILV?

[ivory bough]

yep. sILV has been on a discount and will have the same value of ILV in the market for land sale.

[subtle shell]

Yes, that is right. But we can also assume that sILV will lose significantly in value shortly after the land purchase. So if you don't use up all of your sILV, you will stay in a sILV position that you will "only" need in the game itself.
I prefer to stay with ETH.