🎮〕illuvium-zero

[vast gate]

That makes sense. I would hope it to be balanced. Are there chances of not being able to cure shards which would require more fuel to successfully cure or is it a 100% success rate?

[muted moth]

I wouldn’t think so. Think it’s just a set rate for the amount of fuel you pay based on its current price. Don’t see why they would have a chance for it to fail

[vast gate]

Ok. I was just thinking the success rate in game could impact fuel pricing since there are success rates in ILVZ for activities in ILVZ like research and scanning

[slim otter]

I remember Aaron saying shards don't break either. They don't want people to lose money, just lose on opportunities (an Illuvial escaping/running away/losing to it in a fight).

Aaron wants broken keyboards but doesn't want us to feel like we lost money from a broken shard/process failing

[barren spruce]

Sounds like he planned to release an expensive illuviam keyboard that “strong, sturdy and doesn’t break under your fist 👊!!!”

[copper falcon]

https://tenor.com/view/money-donald-duck-cash-counting-gif-7263498

[slim otter]

https://tenor.com/view/money-futurama-shut-up-take-my-money-fry-gif-17694750

[inner prawn]

can you buy lands in the landsale only using ETH?

and also will the land you buy itself be transferable?

[muted moth]

ETH or sILV. And land is an NFT, so you can always sell it

[inner prawn]

thx, is the value of sILV in landsale is 1:1 with ETH or according to its market price?

[muted moth]

It will be equal to the price of ILV

[inner prawn]

which means 1:2 with eth? like what i am trying to understand is whether the ratio is set beforehand or will it change in real time, say for example eth rises to 10k will 1 ILV still be enough to buy tier 1 land or how will it go

[muted moth]

Depends on ILV price. It won’t be set with current ratio of ETH.

[inner prawn]

so land price is tied to eth price alone? the amount of sILV it takes to buy land depends on the ILV to ETH ratio dynamically?

[muted moth]

Yea. So using your example of ETH being at 10k at sale time. Since T1 land starts at .5 ETH, that would mean a start price of 5k usd. If ILV price is what it is now, it wouldn’t be enough. If ILV hits 5k it would be enough. sILV will just mirror whatever price ILV is currently during the sale time

[inner prawn]

ok, thx alot that clarified everything i wanted to ask, sorry for the hassle

[muted moth]

No problem!

[severe oracle]

hey guys, pondering the benefit of T3 over multiple T2, if the aim of a holder is to earn from fuel; from what I see, the start price of a T2 (3 fuel sites) is proposed to be 1.5 ETH and T3 (6 fuel sites) is proposed at 5 ETH. So I really wonder why people wouldn't just consider getting 3x T2 plots at 4.5 ETH start price to get the 9 fuel sites (0.5 ETH less than a single T3 plot)?

[inner prawn]

i saw that T3 in particular offered some benefits that T2 and below doesnt (not 100% sure tho)

[muted moth]

Rarity would be one factor, and 1 T3 land would probably be easier to manage than 3 T2. Plus, T3 land has an element landmark which could be attractive to buyers

[severe oracle]

true, management is a key point. But i kept the element land mark out of this point as it doesnt directly contribute to ROI (but it does indirectly with building resources, I guess)

[inner prawn]

also just for curiousity when was the last landsale? (if there was one) and the next is scheduled for around later december to early january ?

[muted moth]

Hasn’t been one yet, first sale likely to be early January imo

[inner prawn]

cool. good to know

[ivory bough]

@muted moth buddy could you please send me a DM?

[torpid geode]

So if planning to buy land, is it best to buy SILV right now?

[astral wasp]

Many have bought sILV since you can get it at a discount compared to the value of ILV right now. You would spend more in ETH directly than sILV bought with ETH. in the land sale sILV will have value of ILV.

[torpid geode]

TO recap so I Understand correctly -
Current sILV price is $750 ish
Current ILV price is $1865 ish
Current ETH price is -$4600

SO Tier 3 Land is 5 eth - Based on values above does that mean it would be
5 Eth for Tier 3 land = $23,000
12.33 sILV for Tier 3 land = $9247.5 cost right now but valued at $23,000 worth of ILV price

SO huge discount if planning to buy land right now if I buy sILV correct?

[vast gate]

Correct. Those would be the prices if the auction was right now.

[muted moth]

Yep you understand correctly

[torpid geode]

Thanks guys

[sweet junco]

So about the land, wikl we the people who own it, be producing shards for players to buy?

[sweet junco]

What is sILV and how do I buy it

[torpid geode]

You can swap for it on Uniswap I believe, or earn it from staking ILV

[sweet junco]

Yeah ok but why would u buy it instead of ilv?

[muted moth]

Not exactly. Shards are something harvested by players in the main game. In their raw form, they are unable to catch Illuvials so they have to be cured. This is where landowners come into play. To cure a shard you need a specific type of fuel called Hyperion which is one of the 3 fuels landowners can extract. The landowners sell that fuel, and then players in the main game wanting to cure a shard buy it, and then they can go use the shard to catch Illuvials.

[slim topaz]

i am a bit confused as to the use of the land. BEFORE the main game (for Illuvium Zero), land will be used to generate fuel and blueprints (of course, in addition to playing the Illuvium zero game itself). AFTER the main game comes around, Land will be used to generate (1) Fuel (but currently there's a 2 step process for transferring that to the main gain, in which case GAS fees?), (2) blue prints? shards? other in-game resources?, (3) farm for Illuvials? (4) play Illuvium zero (but why bother?)? Just trying to understand how the land impacts gameplay? or is all this still unknown/tbd?

[muted moth]

I'd recommend you read some of the docs posted in the pinned comments of this channel for more details, but the gist of it is, landowners extract fuel which is needed for main game gameplay (travelling, forging equipment, curing shards), they then sell that fuel in exchange for ETH. When a player in the main game wants to do an action (such as the ones listed above) they buy the fuel they need to do it. Landowners can also scan for illuvials and get biodata from them. They then research this biodata to get a blueprint for a piece of armor or a weapon that is basically a recipe for a skinned version of an item which can be sold to players in the main game looking to forge equipment

[slim topaz]

@muted moth thanks - yeah, i'm trying to read as much as i can. the info is a bit confusing/not centralized so sorry if i'm askng dumb questions. I suppose if i actually wanted to be helpful, I'd try to compile a tldr/faq/summary for the community, since i'm trying to organize all this stuff in my own head 😛

[muted moth]

It's alright! It is a lot to take in lol

[glad laurel]

You can't use ILV to buy land. Eth or sILV can be used. When buying land (or anything else direct from Illuvium), sILV is treated as 1:1 value as ILV. However, you can swap for sILV for less than ILV price currently on secondary markets, thus giving yourself increased buying power compared to using Eth directly.

[open lynx]

How do I find more info on land sale?

[glad laurel]

#809220563397902346 message

[silk comet]

so at current prices 2 sILV should be enough to buy tier 1 land right?

[muted moth]

Yep! Could always change tho if ETH rockets and/or ILV dumps.

[silk comet]

true, i doubt it will drop before the land sale though 🙂

[vast gate]

Assuming they don’t change the t1 land price also. It could change from 0.5 eth

[muted moth]

Oh me neither. Just don't expect to get land with 2 sILV and be disappointed. And @vast gate brings up a good point too. They could decide to increase the price from .5 ETH if they think that will be too low of a start price

[glad laurel]

If nothing changed, yeah.

[open lynx]

Where can I buy sILV? I have being staking ILV in the ETH chain and would like to use BSC instead.

[astral wasp]

Yes

[muted moth]

Can't stake ILV on BSC. Only ETH. And sILV can be purchased on Uniswap V3. Ensure you have the correct contract address from #💰〕token pin

[astral wasp]

You can go over to bot commands and do exclamation contract "!contract"

[open lynx]

I see that I am able to claim 14 sILV from the staking I have done so far. Can I use these sILV to buy land?

[muted moth]

Yep!

[sweet junco]

Amazing where can I buy silv

[open lynx]

I can't tell when and where has the information about land sale from the published PDF doc. Can someone share more detailed info?

[muted moth]

Where: Illuvium website When: unknown

[dire tiger]

definitely yes.

[open lynx]

How do I participate in the land sale? Is there a way for me to get roll assignment?

[dire tiger]

check the first pinned post about iip proposal. and youtube videos if you want to know more about land sale.
The land sale will be in Dutch auction on illuvium website. you can find some great youtube videos about land sale in #🎨〕community-content as well

[glad laurel]

No whitelisting or anything like that. Anyone can participate when it goes live.

[glad laurel]

The unofficial pool is on UniSwap. Unofficial, as the only "official" way to acquire sILV is to claim it as an ILV staking reward.

[jovial wedge]

Is there a lot of information about Illuvium Zero's gameplay btw? Or has been been limited so far?

[astral wasp]

Yes

[dire tiger]

you can find a lot of good content on youtube. Try Volkin, Furry Hippo. Vetemor, Chris.

[jovial wedge]

Awesome, thanks for the heads up 👍

[sweet junco]

Is there a chance u have the dextool for sILV?

[glad laurel]

https://www.dextools.io/app/ether/pair-explorer/0xa7f72a1ec0ab189998a3eec8b886e6360aff39da

[hushed cipher]

Is it possible that either the valuation of 1:1 sILV to ILV, or the ability to purchase land using sILV, will be changed before the land sale? or are those two things "locked in" essentially? If you happen to know, trying to get more understanding of the risks before potentially getting sILV on the secondary market

[glad laurel]

The valuation of sILV in relation to ILV will absolutely not change. The ability to use sILV had overwhelming support - I see no reason it would change now. Technically any of this could be changed via IIP, but I'd consider both points essentially "locked in" considering everything we know and what the founders and council have publicly stated over the past months.

[muted moth]

What Saberfool said. Plus they would have a VERY angry community if they decided to go back on allowing sILV

[hushed cipher]

Understood, thank you.

[glad laurel]

Exactly, it would be a huge blunder to change that now. I don't see any legitimate chance of it happening.

[slow cedar]

The council would veto any proposal like this. It'd be the death of the game tbh

[lofty cape]

Getting ready for this three day sale!

[quaint cedar]

Pity there is still no date 😢

[pulsar carbon]

What's the benefit to quality over quantity as far as land plots are concerned? Going by initial prices, you could get something like forty T1 lands for the price of a T4, which would be an order of magnitude more element sites and four times as many fuel sites. I know there's the landmark and better Illuvial scans, but I'm skeptical that would make up for the sheer difference in element and fuel production.

[slim otter]

Maintenance. A lot more hours of gameplay would be the primary difference I think.

[pulsar carbon]

Hm. Hypothetically, that could probably be outsourced, like Axie did with the whole sponsor system.

[wind briar]

https://twitter.com/CryptoSh33p/status/1465750925293895680?s=20

CryptoSheep (@CryptoSh33p)

Going to run some theoretical numbers on the land sale coming soon for @illuviumio here.
5% of all in-game revenue will go to land owners.
Assuming we see at least 1 bil revenue (low est imo) before the next land sale, we will see about 50m revenue go to land owners.

Twitter · Nov 30, 2021, 6:33 PM

[static raptor]

Wow great thread

[quaint cedar]

Personnaly I still don't understand the added value of T4 in comparison to T3 (except Illuvias tier) when you look at this:
Tier 3 - Rare Land (QTY: 100)
Resource Site quantity: High.
Resource Site output : High.
Fuel Site quantity: Medium.
Fuel Site output: Medium.
Fuel Site variety: Low
Unique Landmark: No
Illuvial Tier: 3
Tier 4 - Ultra Rare Land (QTY: 50)
Resource Site quantity: Medium.
Resource Site output : High.
Fuel Site quantity: Medium.
Fuel Site output: Low.
Unique Landmark: No
Illuvial Tier: 4

[pulsar carbon]

That's from an outdated doc, I made that mistake too. T4 will in fact have more resource and fuel sites

[muted moth]

Those values are old and no longer correct. Check out some of the docs in pinned for up to date info

[slim otter]

Plus I think the speculative investment of future development. But I'm just guessing here.

[quaint cedar]

Ok thanks! I'll have try to find the updated version

[pulsar carbon]

The doc linked in the most recent pin has the values you're looking for

[pulsar valley]

You will need to pay gas for every land purchase

[grizzled helm]

Very insightful

[pine cradle]

guys when people that have ILV staked decide to claim rewards in sILV how does that affect the sILV price, is it increased demand caused by these people effectively buying sILV or is it that we now have more sILV supply in circulation causing downward pressure?

[glad laurel]

Simply claiming sILV does nothing unless it is sold into the liquidity pool. sILV swap price is solely determined by the buying/selling of sILV via the pool. As far as Illuvium is concerned, sILV=ILV.

[pine cradle]

so basically the sILV they get is just newly created sILV? meaning once they do decide to sell it goes into circulation increasing the supply?

[barren spruce]

Reduce the supply of ILV but increase the supply of sILV yes unless they get used

[glad laurel]

Supply doesn't have any direct impact on token price, fyi. Indirectly it does by increasing supply typically meaning increased sell pressure. Technically all sILV is circulating since it is unlocked, but that only matters really for calculating market cap which is a fairly useless metric for sILV. What's more important is the total buying power out there, which is calculated based on sILV minted x ILV token price.

[hardy brook]

https://twitter.com/VetemorILV/status/1465451750819782667?t=LnMNcflsi3Z32kIKFRs6iw&s=09

Vetemor (@VetemorILV)

Why the Starting Prices of the Land Sale need to be 5X Bigger at Minimum!

@aaron_warwick @VonNeumannILV @kieranWarwick @SNXified @luggisdoteth @carl_ebj @Fight4Ethereum @ariel_illuvium

Thread >>>

Twitter · Nov 29, 2021, 10:44 PM

[little moon]

Yes and also, if to many silv still not used, it will go straight in the slp pool and dip it for everyone a lot.

[hardy brook]

I reluctantly agree with @timid basin on this issue. Obviously I don't want to pay more for land just like everyone else. However the issues raised by it being so cheap can't be ignored and run the risk of the sale being a very unpleasant experience for a lot of people.

[pure berry]

We don't know if it is cheap at the IIP posted pricing. There is no idea how fuel will act as revenue until the main game goes live. There are very wide estimates for how much fuel you will be able to produce in ZERO and how much that will sell for. There is also rumor of another land sale prior to the main game release, so there could be TWO land sales before we even know how the revenue side works in game. As far as the sILV available to use for land...that is a pure derivative of people wanting to liquidate returns faster than the 12 month lock on ILV. However...it has the same value as someone else claiming sILV as rewards just prior to the land sale. That is why sILV should have absolutely NO weight in the price of land.

[proper canopy]

Don't forget to add that strategy requires ILV to keep up with ETH price

[barren spruce]

Ppl pay stupid amount of money on lands in other games when they can’t even do anything yet, I don’t get why ppl care about ROI from the start it’s NEVER the main reason why you should value a land.

I’m getting mine even if the ROI is $1 a year

[glad laurel]

sILV should have an impact on the price of land if ignoring it significantly negatively impacts the user experience of the auction - which most think it will.

[pure berry]

And that is your right to do so...but if you are doing it to flip or think there is 5x+ gains later, it is pure speculation at this point. As most of this is...

Everyone will have their own level of comfort with pricing. That is what the free market is for. I actually hope there is a great deal of FOMO on the first half of the sale and I can pick through the deals once the rest of you are out of sILV, lol

[barren spruce]

I’m just saying it should never be used as the factor of how much a land should cost, it just feels so short sighted to me

[glad laurel]

The fear is that there is already almost enough sILV in circulation to buy all the land at the starting prices. Not even considering pending rewards that will be claimed.

[pure berry]

You obviously have a very different assessment than most people do when evaluating an investment. You are treating it more like a gamble. Both of which are fine

[pure berry]

So? All that means is people in the first land sale will maximize their coins...but what about land sale #2 that might happen before main game launch? There will be little sILV then...

[glad laurel]

It also means that it could turn into a gas war and turn a lot of people off the project with a terrible user experience.

[barren spruce]

How do you know you’re sharing the same opinion with most people ?

To me yours sounded like more of a flipper than someone who’s looking to actually play the game and I think flippers opinions should never be accounted for

[pure berry]

Maybe....but what if they buy land and it isn't what they thought and there is no resale market? Do we just worry about every little capitulation that MIGHT occur? No, you make the best estimate and roll with it and adjust as needed

[high sleet]

Hey everyone I am just gonna send the one message, But i fixed my video first thing this morning. Dear thanks to everyone who saw it was cut off. I apologise for my giant mistake and I have only left the proper video up. Id appreciate to give it some love and the last bit was the best. Its over in #🎨〕community-content .

A big thanks to everyone who watched it and brought it to my attention ❤️

[glad laurel]

That's a risk you take with any project and there is no way to avoid it. You can absolutely avoid setting up the perfect storm for gas wars.

[vast gate]

This may be true but we have no idea how much will be used for the t5 lands which could significantly impact the supply of silv for other tier land. When they auction the t5 also has a big impact. Not to mention how much people could attain by claiming rewards just before the land sale.

[pure berry]

When I say investment, I don't mean just THIS land sale. I am referring to assessing capital for return. ROI. That is an indication of where the sale value should lie in ANY investment

[woeful idol]

if they 5x the land prices, what i believe would be way to expensive. They have to 5x the rewards as well. Because who would buy a land with a roi of 10 years

[barren spruce]

Can’t believe he actually asked that 🤦

[pure berry]

And they , I think, address that by releasing in batches instead of all at once

[glad laurel]

You don't have to buy right away if they 5x the price you know. That's the point of the dutch auction format.

[proper canopy]

So in other words don't allow the small fish to buy and land its only for the rich

[pure berry]

#dReAm

[glad laurel]

Setting up a gas war advantages whales and botters, did you read the thread?

[little moon]

you guys have to realize that larger groups are going to be strategic with how they buy land.. they not gunna whale buy land like they do coin just cuz they get any ROI at all.. its not likley this will be the case..

[barren spruce]

Have you ever seen other land sales ?

[woeful idol]

yeah whats your point ?

[pure berry]

you don't have to buy right away at the current posted prices either...

[glad laurel]

But people absolutely will. That's the point.

[barren spruce]

Do I really need to say it ? Some lands don’t even do nothing yet and thier prices are insane ?

[proper canopy]

I did. That's why I said small fish can't buy the land. They are either going to price them out to start and save them in gas fees or they are going to allow them to play but maybe lose gas

I guess either way they don't get to get in

[glad laurel]

There's zero point doing a dutch auction if people buy right as it's listed. Just do a regular sale then.

[woeful idol]

and thats why illuvium has to do the same thing ? I always thought this project is way smarter then other projects. Thats why I am here from the very beginning

[glad laurel]

I think most folks would rather be priced out than dump money into the void, but... 🤷‍♂️

[barren spruce]

Future potentials??? Isn’t this is all this project about ? Mega franchise ?

Bruh who in their right mind would release the exact number of ROI before the land sale?

[proper canopy]

Maybe they need to release more pieces of land per batch that way the whales can't be out there buying everything?

[pure berry]

Two things that could majorly effect the sale pricing is...1) They can simply change the pricing as stated in the IIP, these are just estimates. 2) Eth could go to $10k and make a tier 1 cost $5k at start. All of that is spculation and until they post final numbers, everyone is just wringing their hands...just like they did thinking prices would be higher and they would miss out on land...

[barren spruce]

There’s just too many factors to effect the number of $$$ and there’ll always be a public backlash if it never meets the promised number

[glad laurel]

https://tenor.com/view/bots-hobots-buzz-lightyear-toy-story-woody-gif-17120878

[pure berry]

And Axie lands started at a few hundred $...

[proper canopy]

So there is no solution then.

Why are we even arguing if the bots are the answer then don't even bother changing anything cause the bots are going to buy it all anyway. Just warn all the people without money to not buy land cause all the bots are going to

[formal urchin]

Bots vs whales

[glad laurel]

If you set the starting price high enough people won't bot buy as soon as they are listed?

[barren spruce]

You will never please everyone, there’ll always be complaints

[pure berry]

just make us use reCaptcha at check out on the land sale, lol. No bot useage

[formal urchin]

Has any game or event ever solved a bit problem?

[proper canopy]

Doesn't change the fact that the bots will still buy it. You are now just choosing how high you want the bots to buy at. Still only the whales/bots getting everything

[glad laurel]

I mean, if the bots have to be set with a strike price humans can outbid them. If people are willing to bot immediately at these starting prices then strike price must be at least this much, if not more? So setting unreasonably high starts give humans a chance and helps maximize revenue. What is the downside?

[barren spruce]

I don’t care about whales, it’s just how the world works but I woudl love if they can fix the bot problem

[wind bolt]

Do the landmark's effect only the land it is on, or could it effect your other lands?

[pure berry]

Theoretically, you could set the start price at 5x and the bots/whales still buy it all at the beginning

[pure berry]

just the one it's on

[woeful idol]

i agree worst case is all land of the batch is sold in the first 30 seconds

[glad laurel]

Good. Then that's what the market dictates. Then they can either have their overpriced land or take a loss when the sell on the secondary market. Either way, the DAO made 5x the money. What's the downside?

[little moon]

u guys are gunna be trippin when u hard buy a pricey plot cuz ur smash clicking lol

[pure berry]

The community that has been waiting for the land suffers

[glad laurel]

If they don't get to buy anything at the lower price, they still suffer. And you've made 20% of the money you could have.

[little moon]

someone might want ur land tho

[barren spruce]

Some ppl needs to learn how to deal with disappointment

[little moon]

someone might want to merge ur land too maybe u live next to a whale who knows

[woeful idol]

what happens to the economy. I doubt those people will really play zero and generate the resources

[barren spruce]

Then the game dies and all the whales have noone to play with because they f themselves by doing so

[glad laurel]

DAO generates 95% of fuel. The economy of the main game will be fine.

[little moon]

exactly

[woeful idol]

ok i see

[little moon]

u guys need to take a fuller approach .. play all mechanism the ecosystem has to offer and u will be in better than someone who is hoarding plots probably

[barren spruce]

Shouldn’t tell them, they came here speaking their opinions thinking it’s the problem without reading anything first

[pure berry]

You are just being a troublemaker. No point in continuing this pointless conversation. There is still a month or so before the projected land sale. A lot WILL happen between now and then

[woeful idol]

you are salty dream not everybody sits in front of the pc 23 hours a day and thats why we come here to talk and hear others opinions and get a bit of their knowledge

[barren spruce]

You don’t even need to sit in front of the computer that long if you really want to educate yourself before voicing your opinions

[pure berry]

Salty dream....sounds like he needs to wash his sheets

[barren spruce]

I’m just tired of the same topics being brought up because some ppl are afraid they might not get their lands

[woeful idol]

educate myself lol you dont know anything about me. You could just help others here with good answers and dont try to attack almost everything being said here

[glad laurel]

https://tenor.com/view/its-okay-take-it-easy-alright-calm-down-be-easy-gif-15422317

[little moon]

everyone relax.. there is also pin tab above on the top right where u can drop down updates most of these opinions come from the whitepaper anyhow.

[woeful idol]

well then dont answer

[pure berry]

dReAm must be a liberal... 👀

[glad laurel]

https://tenor.com/view/we-dont-do-that-here-black-panther-tchalla-bruce-gif-16558003

[barren spruce]

Lol let him be

[little moon]

FORTNITE

So anybody know of any good frontrunning bots I can use in case they dont raise the starting prices?

ong

[glad laurel]

https://tenor.com/view/bitch-be-gone-bye-bye-girl-okay-gif-14603832

[barren spruce]

If they can solve the bot problem it would be the fairest land sale

[little moon]

LOL! If the whales are gonna be minting at starting prices with bots, I will be too. No reason to handicap yourself over some feeling of moral superiority.

[pure berry]

https://tenor.com/view/we-dont-do-that-here-black-panther-tchalla-bruce-gif-16558003

[glad laurel]

https://tenor.com/view/nick-young-question-mark-huh-what-confused-gif-4995479

[woeful idol]

since so many people talking about higher starting prices, it will probably happen. And Saberfools argument before is a good point. If the price is high enought everybody has a chance to decide at what price he wants to buy

like it was in the first dutch auction. At least the price fluctuated between 50-100 $

[barren spruce]

The only real, actual problem is bots

[glad laurel]

I hear you.

[little moon]

technically new egg has solved the bot problem lol

they have the new egg raffle im 0/47 on the new egg shuffle lmao

i had a better chance of accidently finding a gpu from a fallen truck on the freeway

[shrewd socket]

people want more expensive prices?? lol okay, i guess i wont have a chance then haha

[glad laurel]

The point is that, unless you win a gas war, you don't have a chance now.

[tawdry thunder]

Save your silv and Eth, and let the war begin

[twilit bough]

just added three videos in #🎨〕community-content on the land sale, and risk of gas war.

[sweet junco]

Starting prices for what?

[glad laurel]

Land auction.

[sweet junco]

so is it really an auction or is it a set price

also isnt buying silv the move if we can buy land with it or am i dumb. it seems like u can get a better deal mthrough silv

[glad laurel]

It's a Dutch auction where the price goes down until someone buys, but many (including myself) are concerned the starting prices are too low so everything will be bought immediately leading to a gas war.

[sweet junco]

very interesting where can i find the prices

[glad laurel]

sILV is 100% the smart way to go if you are looking to buy. Much better "bang for your buck."

[sweet junco]

looks like the move unless the price plummets

[glad laurel]

#809220563397902346 message The proposal document is here.

[umbral badge]

Only more expensive starting prices.

If people have 7000 ETH to spend, and there are 12000 lands for sale at 0.5 ETH it is nearly guaranteed that ALL land will sell at 0.5ETH.

But if the land price starts at 1ETH, if people FOMO and 4000 of the lands sell at max price of 1ETH, then there is only 3000 ETH left to buy the 8000 lands... and so prices will drop off a lot in the middle as people see how cheap they can buy it for, and then pickup again towards the end when people realize they have the ETH but there are only few lands left.

So yeah, definitely good idea to increase starting prices, as it may actually mean you can buy land cheaper than 0.5ETH towards the middle of the auction batches

[pulsar carbon]

That's more or less it. I'll just say that the amount I budgeted to buy a land plot is actually more than the current estimated starting price for said land. And while it's possible my expectations for prices were unreasonably high, that doesn't change the fact that there are people out there who would buy land for higher than the starting price.

[high sleet]

I think we don't know the capacity of megacities. I think they will determine roi

To be completely fair. Since purchasing in sILV will be likely. All the prices for land as it stands is effectively halved rn

[shrewd socket]

that makes sense yeah 👍🏻

[umbral badge]

@high sleet can you please do a video on how to do the GAS settings in different wallets, to

1. increase your chance of the transaction going through
2. set a maximum limit on the amount you spend
3. better understand the effect that GAS wars may have on these settings

[umbral badge]

@timid basin or @spare jay

[vast gate]

I agree that this is a likely scenario but maybe not almost guaranteed. There are other factors to consider imo. Imagine in your scenario that 6000 ETH of the 7000 was held by one person. Would they buy 3000 plots of t1 land? Maybe, maybe not

[little moon]

@ivory vine or @crimson abyss

[timid basin]

hopefully not necessary because they increase the starting prices to prevent gas war

[barren spruce]

I think that’s kind of a basic knowledge that you should be able to google

[median copper]

When does the land release?

[craggy shoal]

What are the 3 elements? Hydrogen, Carbon, ? What are Cryptons, Hyperions, and Solons?

[timid basin]

DYOR on gas wars, loads of info out there 100%

[umbral badge]

Yes there is a load of info, and there is also a lot of shit info.
I just thought it a helpful topic for the Illuvium community as a whole.
But you are correct
Everyone just go and search yourself, content creation is all about hyping shit UP, not about educating the community to be able to make smarter choices.

My bad for even suggesting such a stupid thing

Here is a link that may help people. A lot of it may not be related to Illuvium, and may confuse you. But this may help some. Remember DYOR and don't ask for helpful content.

https://www.youtube.com/watch?v=7zJI1VEQdOA

[timid basin]

ngl I'm doing my best on covering education in this space...

but if they simply up the starting prices a video on gas wars literally isnt relevant

i do plan to make one if they dont up their prices cos then the situation is straight dangerous

if you have content that you think should be made and no one else is making, congrats u have found a niche... feel free to fill it...

[little moon]

Lol. If you think the community needs a video how about you make it yourself instead of complaining that someone else wont do it for you?

[umbral badge]

There is plenty of info out there already, go DYOR 100%

[craggy shoal]

Trying. Any suggestions on where I might be able to find this information?

[timid basin]

pinned info on this channel

[umbral badge]

I'm too ugly for that career 😱

[timid basin]

so am I but it hasnt stopped me lol

[craggy shoal]

Thanks!

[umbral badge]

Hahaha, come on bud, you like a teddybear cuddly as fuck!

[timid basin]

u calling me fat? 😆

[barren spruce]

To have creators handholding everyone is kinda a waste of their time, I mean not a waste in that sense but to do a video of adjusting gas fee ? I can only imagine what else they need to make a video about, it’s just not related to ILV and already a bunch of infos out there.

[timid basin]

https://cdn.discordapp.com/attachments/898275255389388870/914211121404203028/unknown.png

[agile sigil]

Buy 3xtier 2 or 1x tier 3, that’s the question

[timid basin]

yh if you're new to the space and want to learn about it, its not hard, you just have to get involved, ask questions and put urself out there, theres a ton of info and education for anyone willing to learn

most info that is spoon fed is also not appreciated...

honestly I havent been in the space long at all and I have learned a lot just because I was willing to learn and ask questions...

[still island]

So if we are talking about managing a T3, how many hours a day are you going to have to play?

[barren spruce]

I don’t think it’s even an hour, ILVZERO is more like a side game where you play to support your character in the main game (ILV), of course you can have fun messing around and there might be more contents in the future but as of now, not that long

[timid basin]

from what I've heard its just a few mins every 30 mins or so, not a tough job (obvi theres a level of strategy to it also but until launch theres plenty of time to experiment and plan strategy)

[still island]

So in a 24 hour period, I should be looking at playing about 30 mins per day ?

[timid basin]

ish, 1hrmax probably... (but that time is spread out throughout the day)

[still island]

@timid basin got it, and this will allow you to actually mine the resources on your plot? Can you have another friend on a different phone play on your land you purchased for u?

[timid basin]

very likely yes

[still island]

Has anyone seen a projected roi for a tier 3? Want to know if it’s worth getting more than 3 tier 2s, you’d have more land and resources to mine off of

[craggy shoal]

Awesome. Thank you

[river trellis]

Sorry if this has been asked 100x times here, but when are they going to start selling lands in Illuvium?

[timid basin]

probably 2-3rd January 2022

but not yet been announced and confirmed for 100%

[river trellis]

Are them going to be sold in opensea, just like The Sandbox? Do we know the pre-requisites to be eligible to buy a land?

[timid basin]

everyone is eligible, not yet confirmed exactly where they will be sold but precise instructions will be announced closer to the time...

click on my name to see my youtube channel, latest info also there...

[river trellis]

Great, thanks!!

[proper canopy]

Downside the rich get richer if you can afford it at unreasonably higher number then that's great for you but the majority can't. If there's nothing that can be done about it then thats the way it goes it just sucks and I am still going to suggest ideas that I believe will give me the best chance to get a piece of land.

[lofty cape]

If your looking at multiple tiers of land keep in mind the time to farm or work the land per day 👍🏻 such as buying ten T1 vs one T3

[barren spruce]

That would make you an ILVZ player specifically instead of ILV

[lofty cape]

Higher tier better yield with less time spent

We need to land on a name since they kicked out mini game

Zero? ILVZ is to much and it’s not Illuvium

[vast gate]

Can still call it the mini game I suppose. The IIP just said it is officially Illuvium Zero. I’m not creative enough to come up with something else. ILVZ for me I guess

[barren spruce]

IZ is good as well, if you’re in illuvium discord long enough you should recognize the Z in IZ

[vast gate]

Agreed

[jade ruin]

how many silv can buy each tier in land sale??

[onyx cosmos]

https://youtu.be/tZyqMX_Odd8

[sweet junco]

Hey so why would it be cheaper to buy land through sLiv as opposed to eth I hear that if it cost 5 eth it would only cost 12.33 sLIV can someone explain that better

This is what I’m reffering to how and why is it cheaper to buy in SILV

[vast gate]

SILV will have the same value as ILV in the land sale. SILV can be bought currently for around $750 and ILV can be bought for around $1850. If the auction was right now, then you can buy SILV for $750 and it would be worth $1850 for buying land.

[sweet junco]

So it’s not guaranteed it’s just betting sliv catches up to liv

[vast gate]

It doesn’t have to catch up. It will be worth the same as ILV in the land sale regardless of what it is unofficially trading for.

Think of it like buying ILV at sILV pricing

[sweet junco]

How do u know this/why is this

That’s super interesting but u mean to say buying at a secondary exchange guarantees it will reach 1800? Why wouldn’t everyone buy it then

[high sleet]

It has Been a little while since I've been in a gas war but I can definitely cover it. I am doing an slp staking tutorial soon and then I will cover this topic shortly after. However this land sale is like nothing I've ever been a part of so giving misinformation is a risk I need to avoid

[vast gate]

It is in the IIP which is pinned in this channel. A lot of people bought sILV after the IIP was released for this reason. The downside is that sILV can only be used in the main game and land sale

[high sleet]

Did you see the price pump when the land prices dropped 😆 😆

[sweet junco]

Ok and u can buy the land with sLIV?

[vast gate]

Yes or ETH

[sweet junco]

Kk

[vast gate]

It sure did. From about $450 to now $750

[sweet junco]

Thank u for the information u guys are very helpful I appreciate it.

[little moon]

if a t4 is starting at 20 eth what do you think the actual selling price would be?

[sweet junco]

I’d buy but gas is wild right now so gotta wait

[toxic socket]

Is Land Sale still for Q1 2022?

[vast gate]

All speculation at this point. Some have made estimates based on the amount of sILV that has been claimed and a lot or all of the plots could go for the starting price. That is why some are asking to raise the starting prices but yet to be seen.

[rustic mason]

Yes, it is expected 2-3 January, but this still might change depends when the audit will be finished

[tawdry dove]

Where can one begin to learn the value behind the lands and just understand it overall

[toxic socket]

Got it, thanks!

[rustic mason]

We are still waiting for the full overview on the lands, but there is already some released - you might check pinned messages and go to the documents.

[tawdry dove]

I am going thru the documents, so if I buy a land plot in the auction. The value of it will come from which elements I can harness ? My main question is, can I sell my plots or gain passive income as a tenant ?

[rustic mason]

There is no information, which elements (actually fuels) will cost more, I think it will be decided by the demand in game. And yes you can sell your plot as all of them will be minted as NFT. And I think there will not be such a thing like a passive income, as you will need to play that game to gain the profit - estimated 30 min per day or something like that

[tawdry dove]

Appreciate the information!

[rustic mason]

happy to help!

[tawdry dove]

I was under the notion that plots of land can be built upon like infrastructure. Now I see that the plots are the infrastructure that will provide As you mentioned, fuels

[glad laurel]

The only official use of sILV is buying things from Illuvium. When used this way sILV price = ILV price. There's nothing to buy right now, so sILV technically has no use. If you buy sILV right now you are assuming 1) That there will in fact be something to spend it on eventually. 2) When you do, ILV price will >= what you are buying sILV for now. 3) That you are buying about the right amount and aren't going to get "stuck" with it if the secondary market dumps after the auction.

[high sleet]

Given the quantity. Half that at least. But it's hard to say

[rustic mason]

Yes exactly, some infrastructure will will give you elements to build other buildings and some of the buildings will give you fuel, which can be sell for ETH. Also there will be building to scan Illuvials from which you can get blue prints (boosts/addons for illuvials for the manin game) and sell it as NFT on the IlluviDex

[tawdry dove]

💯

[tawdry dove]

What did you mean to the main game ? I did see tier 0 plot lands will not be transferable to the main game ?

[rustic mason]

Ohh sorry I thought we are talking about T1-T5. And yes this is true the resources and blue prints cannot be transfer to the main game. Tier 0 will not be on blockchain. It will be just f2p with no profits

[tawdry dove]

It’ll serve as a good test of the model, correct. And yes that info on the T1-T5 plots was very successful

[rustic mason]

exactly, sort of like a test environment or just a simple game to play to have fun

[lusty crag]

Soooo guyz does anybody really know when the land sale is going to happen ?

[little moon]

january but u will def know before hand

[vast gate]

Yes and the T0 land will be like the T4 land but f2p. Meaning it will have the same amount of resource sites

[lusty crag]

How soon do we know an exact date.

[tawdry dove]

Gonna look into T4- resources sites. Thank you

[little moon]

they will release two more whitepapers soon the last will have the date im sure

[lusty crag]

Do they come before Christmas… ?

[little moon]

be on the look out in here pin tabs above on the right or the announcements if he @s everyone .. the last whitepaper will be about how to buy in the land sale im sure somewhere that week.

[lusty crag]

Anybody guess?

[little moon]

welp im guessing its after these two important voting periods so whenever those get taken care of.

[vast gate]

They should be released before Christmas if they are trying to have the sale on Jan 2/3 but cannot know for sure. Voting could take longer and the sale could get pushed back but Kieran said in an interview that they will likely have everything ready to go by Dec. 15

[sweet junco]

Ok so why would anyone buy ILV instead of sILV if sliv is clearly the one with future utility

[muted moth]

REVDIS

[fallen nymph]

Governance

[sweet junco]

U mean shruum is for voting?

[muted moth]

And of course being able to vote in elections and all that jazz, but revdis is the main draw to holding ILV

[fallen nymph]

Shruum is for all things being democratic and community driven.

[sweet junco]

If u don’t mind would u care to explain what revdis is

[fallen nymph]

And Shruum is holding every bit of ILV Shruum can get his little fungi hands on.

[sweet junco]

Hahahahha thank u shruum

[fallen nymph]

Anytime

[muted moth]

I would recommend doing some reading, but essentially all revenue Illuvium gets is distributed back to those staking ILV

[sweet junco]

So if u guys theoretically has .5 eth to drop on ILV OR SILV

[sweet junco]

I’d love to learn more is there somewhere u recommend I start reading up on

[fallen nymph]

If I was going to use it for land, sILV. For long-term hodl, ILV.

[glad laurel]

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

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

[muted moth]

I would probably just leave it as ETH for me lol. Lots of gas to pay for in the near future

[glad laurel]

I'd recommend reading through the #❓〕faq and #🔗〕helpful-links

[fallen nymph]

Even the whitepaper. Unlike a lot of projects, the Illuvium whitepaper is a pretty easy read.

[sleek egret]

I was reading just now the file about the land sale posted yesterday, is there any link or picture on how the map is going to be? I mean to choose the plot of land

[fallen nymph]

Not yet.

[muted moth]

Not yet. Hopefully we get it soon. The map is highly anticipated

[fallen nymph]

We're all like this waiting for the map...

[sleek egret]

Thanks @fallen nymph Thanks @muted moth

And about the elements, where can I read more about what type of elements we probably could get in our land?

[muted moth]

Check the docs in pinned. That should give you all the info you are looking for🙂

[sleek egret]

Thanks mate

[proper canopy]

100 try more like 50 000+ 😂

[sleek egret]

even the Tier 1 land worth it hehe

[final cypress]

when is the land sale

[long tendon]

Sometime in Jan. Can be first week can be last week. Just have to wait for more info from team

[proper canopy]

There are basically two risks to using sILV.

1. ILV could dip before the land sale and then what you bought will be worth less then what you expected. especially if ethereum goes way up.
2. If you don't buy a piece of land all of the money that you put into sILV could be stuck as in game only asset unless you sell it at a loss if sILV drops below where you bought it after the land sale is done.

[final cypress]

okk coo;

[sleek egret]

Im really in to buy a plot of land I think the tier 1 worth it as an investment

[sweet junco]

thank you very good points and worth considering

[umbral badge]

Don't forget you will still need a good amount of ETH in your wallet to handle GAS fees for any purchase (using sILV or ETH)

[proper canopy]

I know I was just letting Danny know the risks of choosing to use sILV

[umbral badge]

Yes, and it was a simple and great explanation well done.
I was just piggybacking on yours to add the GAS concern.

Otherwise good work mate!

[proper canopy]

https://c.tenor.com/yjTa4WCQ7t0AAAAM/afas-afas-software.gif

[primal robin]

So is sILV only useful to buy land? Is there any other way to use it?

[glad laurel]

It will be usable to travel and cure shards in the main game when it is out. Land is just the first use case. Also to buy avatars when those are released.

[primal robin]

I see. is there like an in-game market that can help me progress quicker (not player to player)? I might be in the wrong channel, sorry if I am (I just ended up coming across your comment and got curious(

[proper canopy]

No you will be able to use it in game as well for any in game purchases. I would suggest everyone buys atleast a little bit of sILV just to make it cheaper for gameplay once it does come out.

I bought 2.2 sV at $300 so I have spent $300 on the game but could have anywhere from $500-10 000 or more in gameplay money depending on the price of ILV

[primal robin]

oh snap you must have gotten in very early haha. I guess what I am wondering is if there is any way to convert sILV to ILV (through gameplay, not like an instant transaction)

[glad laurel]

There will be in-game rewards that can be claimed as ILV, no details yet. You can always play the game using sILV and sell creatures / materials on the market for Eth to swap to ILV as well.

[primal robin]

Ooo awesome. Yea I just wasn't so sure if I should claim rewards in ILV or sILV, but I plan on playing the game so I will prob go with sILV

[glad laurel]

You can select differently each time you claim rewards as well, so you can claim mostly ILV and a bit of sILV to play or whatever makes sense to you. Can't take a portion of each on a single claim though.

[primal robin]

Yeaaa I have a decent amount of rewards so I have to pick one or the other at this point lmao. Thanks for the help

[glad laurel]

No worries, just keep your options in mind for the future. 😉

[proper canopy]

No it dipped below $300 when they announced the land sale was being pushed back

[brisk plume]

those who bought will do 10x

by the time land sale comes

free money

another 10x making on land

[umbral badge]

Especially if they buy with discounted sILV and then resell it for ETH on Opensea

[dire tiger]

I am surprised sILV is still at the price it is now with current ILV price and land sale probably in just about a month time

[shrewd dagger]

what are you talking about?

[barren spruce]

Pls.don’t remind me of that

[thorny pasture]

silv at $758.01 rigth now

[umbral badge]

I think with the increased interest, and liquidity, there are a number of people trading the ups and downs.

Also as we are still far out from Land sale, and still no CONFIRMED IIP and Sale Date.. it remains a speculative investment

[dire tiger]

yeah, I do expect sILV to sky rocket when the date and iip are confirmed.

[umbral badge]

I have bought 25% more sILV than I plan to use, so that I can sell that just before Auction to help derisk and freecarry some of my lands

[midnight sparrow]

Can we still play land on PC? Not a fan of playing anything on mobile.

[pure berry]

it will start as mobile

[umbral badge]

Should be able to use an Android emulator for the PC

[dire tiger]

i just wish I have money to buy more now. do you think iip will pass with higher price than what is in the proposal now?

[midnight sparrow]

Oh true, good point.

[midnight sparrow]

sILV still pretty low?

[pure berry]

relative to ILV, yes

[midnight sparrow]

Excellent, I should hurry up and buy.

[vague tide]

Ilv is now nearly 1k9

[pure berry]

Not sure why, but my Crypto.com has it above 1900

[umbral badge]

Personally I think the final IIP starting prices will be 2x what they currently are.
And I expect that
25% of land will sell at Max price
35% will sell between 75%-100% price
25% will sell between 50%-75% price
And 15% will sell for under the 50% price.

[dire tiger]

I do think it should be 2x also. hope i can grab the 40% that is below 75% as you mention 🙂

[pure berry]

I don't even think I will try to buy a land until day two. I want to see how it plays out and let the "Black Friday" shoppers fall all over themselves first...

[umbral badge]

Also personally I am not waiting till day 3 to buy.
I expect the hype will be critic mass by then, and the whole crypto community will be buying using ETH.
So I personally aim to buy between hours 18-36 of the 72 hr Auction

https://www.blocknative.com/gas-estimator

And this site will be critical for me during the Auction to make sure I don't waste ETH on failed transactions

[dire tiger]

Need to stock up red bull. May be no sleep for 24 hrs +

[umbral badge]

30minute power naps between each Batch should do it.
Basically sleep through the first 30 minutes of each Batch, if anything is left, buy it all up

[pure berry]

IT all just depends on how things go. I imagine sILV will soar on uniswap and maybe dry up right before or during the land sale. I'm gonna look for deals since I don't have a ton of sILV or ETH to work with, so need to make sure I maximize both. I need my CRO to go parabolic so I can trade out to Eth and have some backup funds for gas fees lol

[midnight sparrow]

wow sILV is way cheaper to buy land.

[pure berry]

I;m sure we will have to readjust our strategies at least a couple times before the sale goes live...

[midnight sparrow]

I just don't want to pay gas, immutable x wen lol

[lofty cape]

sILV keeps climbing

[umbral badge]

Keep an eye out for when the revised IIP comes out, if it has higher prices some people will panic sell.
If the date of Auction is moved from 2-3 Jan, people will panic sell.

There may be good buying opportunities around that time.

NOT FA

[primal robin]

wait I thought sILV was pegged to ILV?

[vague tide]

do we earn some kind of token in main game like slp in axies, or just fuel in zero??

[lofty cape]

That spike was the land sale info release lol

[umbral badge]

For in game value yes.
Think of it as a discounted Gift Card

[dire tiger]

Pegged for landsale. Not the market price on uniswap

[umbral badge]

Main game is about Shards and Illuvials. There will also be resources to collect for the shards.
Plus the Fuel of course

[primal robin]

So for landsale, if 1 land = 1ILV, 1 land = 1sILV?

[pure berry]

It is, but ILV rewards are not available right away, so some have opted to claim sILV and sell on an open market. That value doesn't match the in game value

[primal robin]

But the value of sILV is much lower? so when claiming rewards, 1ILV=1sILV?

[umbral badge]

Better to say if at the time of Auction T1 price = 0.5 ETH and the price of 1x ILV = 0.5 ETH, then you will be able to purchase that T1 land with 1xsILV plus ETH GAS fee

[hasty adder]

it has the same purchasing power for the land sale 1 ILV=1 sILV

just basically no other use case right now

[primal robin]

ok so lets say I have the option to claim 1 ILV from rewards. if I choose sILV, I only claim 1?

[umbral badge]

Remember that ILV has other rewards associated with it. GOVERNANCE, STAKING AND REVDIS.
Whereas sILV is purely in game currency.
That is why there is price difference

[pure berry]

yes, in rewards they are equal. In all of Illuvium tokenomics, they are equal. They just aren't traded at the same value currently because until the land sale happens...sILV has no utility, where as ILV does

[pure berry]

yes

[primal robin]

idk I just read that it was pegged. thats kind of a game changer

[dire tiger]

i am surprised a lot of people do not know about this.

[hasty adder]

It's huge, I personally dont have to much capital so I just bought sILV on the dip because I know I want land but not sure if i have enough ILV to stake and claim rewards

[barren spruce]

Only when using in game OR buying lands

[pure berry]

In game...sILV=ILV for spending power. Out of game, sILV is not an official token, so it has a free market that has been much lower than ILV price.

[hasty adder]

Both, limitations in game tho, most in game assets will be traded with Eth

[primal robin]

Yea but someone can buy sILV from outside of the game for less than half the price

[barren spruce]

Because it has No use right now other than those 2 which isn’t happening at this moment but sometimes in the near future

[pure berry]

correct. That means whoever sold it gave up that value

I would never claim sILV as a reward right now unless I had no other cash to buy it on the open market. I think ILV staking is the better play. Not financial advice

[umbral badge]

For early adopters, they are still making a profit from their initial ILV investment.
And selling it now (even discounted) helps them to derisk and also provide them liquidity for future opportunities with other projects that they may get 20x-30x returns

[primal robin]

depends on how much rewards they have, since its like $300 to claim it lol

Damn well they should probably add that to the faq's. That's def something you should want every investor/player to know

[pure berry]

And that is the immediate advantage of claiming sILV, but you lose the full value long term. Just boils down to your personal strategy and means

[umbral badge]

If you look at the selling history.. some people are selling 200-600 sILV at once... we are talking whales

[barren spruce]

Nothing guarantee that ILV will be a success so claiming silv and get some cash now at least ensure you get $$$ now which of course, you traded future potential profits for

[wind bolt]

NOT FA, did not account for gas fees either, but buying on uniswap is huge discount IMO

[umbral badge]

Not really no.
Don't you think early adopters and people who take the time to research and understand, should have some sort of advantage.

Really all we are doing is Arbitrage trading.

Buying cheap sILV, holding it to use at ILV value for something priced in ETH, that we may then resell for ETH.

The opportunity is available to Everyone.

[primal robin]

damn well imo they messed up listing it on a dex.

[primal robin]

lmao so you're saying to surprise the gamers with half of their rewards when they want to claim to play

[pure berry]

It's kind of like buying a stock for $1000 and it goes up to $3000. You might sell $1500 to get your initial $ back, plus some and a 50% gain...plus you still have the other half that can go to the moon or the ground

[dire tiger]

not really as uniswap pool is not official and not supported by illuvium team. sILV was never meant to be traded.

[barren spruce]

It’s just basic investment really, everything comes with a risk, one way or another, in this case, seller traded future potential bigger profit for present cash while buyer traded present cash for potentially future profits

[primal robin]

i mean its a contract with functions they wrote. They should have just never given it that ability to trade it if they say that (they could have made it strictly for in game, as I thought it was)

[umbral badge]

The value of something is in the eye of the holder.
If someone Stakes ILV and earns rewards that they claim as sILV (that they can use immediately), that they then use in game. For them, the value of sILV is equal to the current price of ILV.

If someone claims rewards as ILV, it is locked for 1 yr... what is the price of ILV in 1 year, what if the game is shit and it drops down to $100?

[primal robin]

"we are talking whales here" the value is what the whales do with it lol. its not an nft, its a currency

[umbral badge]

People will always find a way to trade in secondary markets.
And so they should.
They don't have a problem with it trading they just don't offer official support for it, as that was not the main Whitepaper use.
But people should still have the right to trade it

[primal robin]

because they gave them the right to trade it when coding the contract... idk im just gonna stick to claiming ilv lol

[umbral badge]

Sorry mate, I am lost as to what your point is.
And maybe this is better discussed in #💰〕token

[pure berry]

Approximately 33 days until the opening bell for ZERO LAND SALE!!!!

[barren spruce]

Did you know claiming ILV has a one year period before they are unlock ? While silv is instant

[primal robin]

yea but i'll just stick to getting silv from the secondary market. as stated above we can discuss in the other channel if you want to continue

[pure berry]

I have a question that I am curious to hear what the general consensus might be... If the whales buy lands at full price right as a batch opens...how long before they list it on Opensea? Do they wait for the auction to end?

[quasi oasis]

Claiming ILV doesn't stake it while it's vested right?

[primal robin]

it does, but in the ILV pool. not the Sushi LP pool (so at a much lower apy)

[umbral badge]

Hoping to get an official reply in the Land discussion thread

[shrewd creek]

Probably immediately, being first to market you can charge more, once auction is over OS will be more diluted. Its with any nft drop

[umbral badge]

Answer is - don't know
Have to wait for updated IIP... or the guide before Auction.

[clear badge]

this is not a bad proposal imo. there is merit in protecting the community and keeping them informed.

main reason I see why it is not in faqs is because silv market is not official

[plush turtle]

Waiting for ilv to go down.. so silv goes down. I want to buy land haha

[proper canopy]

For everyone who is planning to pay big money for land can you lets me know your thoughts as to why you think this land is comparable to land from other games/metaverse.

I am not super familiar with all the land sales but one of the reasons why I think ILV land shouldn't be priced as high as other game/metaverse land is because its use case is limited to just ILV. It's not a land where you can build games like the sandbox or like Decentraland where you are building in the Metaverse. This have more uses and options and you can choose to change what you build there.

Yes IZ land has a use case for in game and creating passive income but it doesn't seem like you have enough control over what you can do with that land like other land I have seen.

This is open for discussion for anyone who wants to put their 2 cents in.

[stark verge]

Claiming sILV doesn't cut half your profits. Buying sILV on a secondary market doubles your profits. There's a difference. And if you're claiming sILV so you can sell it for half of ILVs price then you can't believe that ILV will be worth current prices after the year vesting period. So what are you whingeing about? Buying the sILV through UNI is an opportunity for discounted land. Nothing more.

[stark verge]

Kieren has said land will be persistent as they add to the metaverse. So we're talking LONG term here. Added utility as they go along possibly

[proper canopy]

Yeah but from my understanding from the interviews I have seen is it's mostly just added utility based on other potential Illuvium games.

Where as you could build a full on metaverse or full on game in the Sandbox. The diversity in Sandbox land is much more. Illuvium you don't really get a choice of what to do with your land its more of a mining plot mini game then building full on land.

[stark verge]

It certainly isn't going to be Sandbox. But I'd be surprised if they missed the opportunity to increase the variety of buildings in ILZ and make your land able to be visited in game.

That seems like low hanging fruit.

[umbral badge]

The fact they have already mentioned Megacities, tells me that the future use cases are going to be a LOT more than just for Illuvium Zero.

ZERO is just the first initial use, and for all us Gamers it gives us something to play while waiting for the main game.

But long term, the uses of the game can be ANYTHING that the DAO proposes and agrees to, and that can be developed

[proper canopy]

Yeah I guess they could just do a near 100% flip on it at some point if they wanted to and could allow people to build whatever they want on it that doesn't effect the game mechanics

[umbral badge]

It can also work in with the Lore also.
The land could have different layers of reality, similar to how the Illuvials go between alternate realities.
They could go through and use the same land but on a different Layer.
(Just need to build a Quantum Bridge and have enough energy production on both sides to stabilize it) to allow you to move between them and suddenly your land is empty and ready for the new Game or Meta use

[tacit cliff]

hello what are the use cases of fuel?

[final mortar]

So the land sales won't start until in January correct? For some reason I thought it was sooner than that.

Where are the useful resources I can find for these timelines?

[little moon]

Top right tab pin icon

Read all pdf white papers

[proper canopy]

Are the higher tier lands bigger in size then lower tiers or just have more resources?

[primal robin]

I’m not whining, just saying it’s shady to hide the “unofficial secondary market” when it’s live and trading. If you have ppl coming into the game using sILV from the secondary market, their sILV does not equal your sILV (at current price)

And I understand that you have to wait a year to redeem rewarded ILV, but I just thing everyone should know about sILV trading on the market

[little moon]

Here we teach an autodidactic model of learning

[barren spruce]

+100

[primal robin]

So can you explain why you guys are against putting it in the faq’s? That’s pretty all I wanted after hearing about this

[barren spruce]

we are not against it actually, it's just that it's not an official trade from ILV website so they(the dev) can't (or don't want to) encourage ppl to trade for sILV in case anything ever happen(which should never but you never know), they don't want to be the one responsible for it(I'm guessing here)

[primal robin]

But they wrote and deployed the contract lmao

[proper canopy]

I'm not sure why you are having such an issue with this. You are the only person I have seen who seems to be bothered with it

[primal robin]

Because I was told and read that sILV can only be used in game. My guess is using sILV can be used to progress in game, so clearly ppl from the secondary market are at an advantage (depending on the dex price)

[little moon]

U have to understand that the guy offering Silv can pull his liquidity whenever imagine they say hey go for it and he finds out and comes back from vacation to pull it isn’t very logical

[slow cedar]

Before staking went live, the team made it clear that sILV was a token and therefore could be traded externally, but weren't going to officially support it.

[proper canopy]

1. I don't know anything about coding and km not sure how much you know. But is it just as simple for the team to be look poof you can't trade this token but also still be able to use it as a purchasing token in the game. I would think that trying to balance those 2 things would be really hard to code so the left it as a tradeable token.
2. As people have mentioned there are a lot of different risks related to buying and using it. The team doesn't want to be responsible for that when they didn't intend for it to be traded anyway. Teams from lots of projects probably already take a bunch of blame for blatantly obvious scams and it things.
3. It's equal opportunity for everyone to get in on. It's constantly talked about in here with plenty of people and videos to find out more information on it.

I don't see an issue with the team not endorsing soemthing that is risky when it's not the intended purpose.

[slow cedar]

And honestly the liquidity there isn't enough to support a huge huge influx, so they might not want to advertise it widely for that reason alone

[proper canopy]

Another example is maybe everyone decides they don't like using sILV for whatever reason and everyone wants to use ETH rendering sILV useless. I don't see why this would happen but it's just another example

[little moon]

Once the game drops everyone will see how it will be utilized in game and that will change the need for it

[slow cedar]

sILV will always trade at a discount to ILV though or you might just as well use eth to buy stuff in game

[stark verge]

If all you want is for it to be in the faqs I think that's a fine compromise. No skin off our nose I guess.
"compromise." I hate that. We're all in this together.

[primal robin]

Idk. It just kind of seems like insider knowledge. Yea anyone can technically trade sILV, but I really don’t think everyone knows about it being a token. I’m glad I know about it now but just think this info should be displayed somewhere (like maybe the staking dashboard or faq’s in case someone chooses to claim sILV)

I gotta go to bed tho, didn’t mean to create any controversy or arguments

[potent dock]

sILV is mentioned explicitly in the #❓〕faq btw

[stark verge]

oh no! squad type! 😆

[primal robin]

Idk maybe add the contract somewhere in the faqs (I only saw ILV’s and that sILV is pegged to ILV in game)

[proper canopy]

I haven't read staking because I can't do it but I would assume that it's in the documents that support it as well. I wouldn't say it's anymore insider info then anything else that people choose not to join the community and read about

[primal robin]

So hearing about this was news to me

[stark verge]

Maybe it would be nicer to ask him what he would have done differently had he known...

[primal robin]

I really gotta go to bed tho. And I don’t think I was rude but if I was I apologize

[proper canopy]

I think that comes back to the fact that the team doesn't want to encourage trading sILV though.

That's for each individual to find out. It also took me a month before I found out about it

[stark verge]

Not overly. Night

[potent dock]

The contract for sILV is pinned in #💰〕token if you ever need it. I don't think it's a bad idea to add the addresses to the faq though.

[primal robin]

Ty! There’s lots of channels so I never really came across it. & seriously I didn’t mean to cause a ruckus here

[potent dock]

Nah, you're all good. TBH everything going on with sILV is emergent behavior - It's not planned for in the tokenomics that people would buy and sell sILV on secondary markets. That's why there's no official liquidity pool for sILV. People are, however, free to do whatever they want with their ERC20 tokens - no one can stop people from making sILV/ETH pools (or even eventually making ILV/sILV liquidity pools). That's why those pools aren't linked in official documentation - There's no guarantee they will continue to exist, or have sufficient liquidity, etc. Mods are pretty open for anyone asking if they can buy sILV though - You can go get it in Uniswap, just DYOR first, because it's not official.

[primal robin]

Yeaa it was just that reading sILV is pegged to ILV (in-game) threw me off when I saw the sILV chart here that someone posted earlier

Thanks for stepping in and clearing everything up

[potent dock]

Yeah, a lot of people have had problems with that - The idea that sILV's price on secondary markets doesn't reflect the value it holds in the Illuvium ecosystem. It can be a bit weird for people to understand.

[subtle shell]

No. All land plots have the same size

[proper canopy]

Awesome thank you

[viscid solar]

I need advice friends. My husband wants to claim our 8 ILV and sell it as sILV to restake 2 ILV (.8 SLP) thinking that will generate 2 extra ILV/month. Does that sound right?
We’ll have 14 sILV for land sale, just to get T1 and T2’s

[stoic vine]

i wanna ask smt are we gonna pay gass fee with eth or silv ?

[proper canopy]

Didn't someone make a calculator for this?

@stoic vine
ETH you pay gas fees in the network you are using

[stoic vine]

kk thanks

[viscid solar]

Im so bad at math lol

[proper canopy]

I like your new PFP I feel like it really matches the mod colour nicely

[proper canopy]

You don't have to do any math? They literally made a calculator where you put the amounts in and it gives you the answer

Just search staking calculator and I'm sure you will find it.

[small star]

With gaz ? 4.9 months to make you money back, with tax ? no idea of your taxes but more than 4.9 months, with revdis ? well no idea how much revdis we will have lol Breakeven on your ILV lost only (without SLP in the calculation) is 8.6 months.

[viscid solar]

Let me correct myself. I don’t do windows 💁🏼‍♀️🪟

[proper canopy]

I don't understand?

Have you tried using it?

[viscid solar]

No, and I’m too tired at 3am to dig for a “calculator “ when 99.9% of Illuvium discord know the answer

I answer peoples dumb questions all day every day here. It’s my turn 🙃

[clear badge]

0.8 SLP (roughly $5K) generates $2000 per month, or 1.08 ILV. Factor in -10% decrease every 2 weeks (I always assume this), you'll receive this extra ILV:

• Dec 15: 0.54
• Dec 29: 0.49
• Jan 12: 0.44
• Jan 26: 0.39

Around 1.86 extra ILV tokens by Jan 26th

[viscid solar]

THANK YOU SO MUCH!

[clear badge]

No problem, these are all estimates so as always, NFA

[viscid solar]

So, that’s 2 ILV in 30 days then, right?

[vivid cipher]

Yeah nice work td

As always

[clear badge]

Yeap more or less, but take note that it is decreasing in return. prolly 2 ILV first month, 1.6 2nd month, so on

[clear badge]

I just love em numbers my friend

[viscid solar]

I can see that! I’m impressed! 😊Here’s our original debate: I need advice friends. My husband wants to claim our 8 ILV and sell it as sILV to restake 2 ILV (.8 SLP) thinking that will generate 2 extra ILV/month. Does that sound right?
We’ll have 14 sILV for land sale, just to get T1 and T2’s

Our goal is to get to 10 SLP

[clear badge]

ill try to whip out some calcs to see how much ILV you have by jan 26 if you restake vs not, would that help?

[viscid solar]

Oh yes! But why Jan 26? We focused on the auction date jan 2nd hun

[clear badge]

good point, Jan 2 it should be

[viscid solar]

Our main concern is this: will it be more beneficial to increase SLP for our retirement Rev Dis > large land . It’s so important for us to get this right . ILLUVIUM is life changing for us

[small star]

use my calculator

[clear badge]

love your dashboard too

[viscid solar]

I can never find it at 3am 😴so bad at math and what to enter and interpret results

[clear badge]

https://docs.google.com/spreadsheets/d/1z2co3pS7Yq9Hc86t705tU__d-vGuRp6iTTvHta9gOXE/edit#gid=1097421284

saw it, searched for lelahel's ign

[viscid solar]

It’s honestly too confusing to me, I have a learning disability

It’s just a simple question: will staking 2 ILV into SLP generate 24 ILV rewards in 12 mos? That’s it

[clear badge]

You mean re-staking 8 ILV? 2 ILV is just 0.3 SLP more or less

[small star]

No

[viscid solar]

THANK YOU that’s all we wanted to know, that SLP staking isn’t worth it

[ruby rapids]

This is an 1100% APY, only one offering that amount right now is that scam bot :p

I’d probably get some good sleep before making an important life decision as well XD

[viscid solar]

I agree. Thank you 😊

[tacit cliff]

agree

[sand radish]

Well 2 ilv with equivalent of ETH is more than 0.3 slp

it should be even 1.2 SLP (if zerion display it correctly)

[viscid solar]

It’s normally .8 we usually stake 2 at a time

[sand radish]

Btw Lelahel thanks a lot for your sheet I love it ! I had a question though. Between the v8.0 and v8.3 the rewards accumulate basically did 2x for the same configuration. Did you change something in the calculation ?

[sand radish]

So I don't know how is calculate the SLP so ^^ For me if you reach the price of the SLP you have 1 SLP. 2 ilv right now is about 3700$ + 3700$ ETH. So you're above the current price of SLP which is 6100$

I could miss something though. I m not the Math LP guy around here

[sand radish]

I may be wrong again. But if I m right about the 2 ILV + ETH = ~1.2 SLP. Using your sheet it show 15 ILV after a year (from SLP) (starting december 1)

I did not touch the Advanced Calculation tab. Just the init with 1.2 SLP

[small star]

Move to stacking channel guys

[crude hound]

Hey I have 2 major questions:

1. Where can I stake my ILV
2. What currency will I need for the upcoming land sale?

[slim flint]

1. https://staking.illuvium.io/
2. sILV or ETH

[obtuse violet]

Could someone point me to information on what f2p would be for this game please?

[dire tiger]

(Illuvium Zero is not really f2p as you need to buy the land, but the main game is)
You begin our game with a free-to-play experience that immerses you in our richly-detailed world, lets you enjoy some action, and helps you understand how the game works. The free-to-play experience of the Tier 0 regions will familiarize you with Illuvium, and won’t feel like an “abridged” version of the game. It is a full-fledged gameplay experience! If you like it, you can then decide to opt in to the paid experience, start collecting NFTs from higher tiered regions, and delve into deeper adventures to explore the mysteries of the game where the NFTs you gather start to hold more value as well.

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

[obtuse violet]

Thanks Kuki. Thought I meant illuvium zero, hence i asked in this channel :)

[viscid solar]

Smh, this was ALL ABOUT LAND. But ok be a weirdo

[ruby rapids]

To answer #2, the technical answer is either ETH or sILV. However, as it stands right now, buying with sILV is significantly cheaper, there is no logical reason to use ETH.

[sand radish]

Well we were talking about staking and reward for your use case... As a result btw adding 2 ILV + ETH indeed give you like 15-20 reward in the long run. (NFA, subject to change with pool modification etc.)

[sand radish]

it change every time depending of the current price of both assets

[vast gate]

Yes that was a description for the main game and was incorrect about ILVZ. In ILVZ there is a free version where you can play on a T0 land but it does not interact with the main game. Check out the FAQ channel for more information.

[obtuse violet]

Just what I was looking for. Although I think i heard somewhere that you'd be able to generate something for the main, it would just not be tradeable. Nevermind though. Thanks!

[vast gate]

Yes the T0 land is free and will have the same resources as a T4 but will not be able to trade resources to the main game.

[obtuse violet]

Aaah, gotcha, thought that would mean not tradeable p2p, but would still be useable in game.
I suppose that makes sense. You don't just get nice things for free usually.

[vast gate]

Exactly, the T0 land play in ILVZ is just for fun with no interaction to the main game.

[viscid solar]

The thing is all of Illuvium was quiet and I posted in the two relevant channels , here and staking , and got a reply here . No worries, I’m just messing around I love everyone 🙃💖

[near hornet]

@cyan shoal So the way it works is explained in depth by Johnny in the pinned posts. But essentially there will be no 'passive' yield from owning land. Once you have purchased it you have to work the land to gather fuel to sell to the 'pool' for ETH.

[sharp elk]

I.e. You actually have to spend time playing the game to earn any money from it...

Also bear in mind that the % returns from owning and playing with your land are likely to be lower than what you can get from just staking the same amount of money. (At least in the short term). So if people don't actually have any interest in playing the game, the only reason to buy would be hoping that the price will go up over time. However at least initially, there is likely to be a fall in price after the auction, as all the people who bought land to realise some staking profits early, then look to re-sell.

[royal gorge]

where can I get more info about the game?
One info in particular I am interested is how owning multiple lands will work out? Can we play them all at the same type, or are they going to be kept separate from each other?
I heard that a T3 and T4 can boost all your lands, is specific placement required? How that works?

[oblique ore]

(ILZ is also f2p) @obtuse violet

[oblique ore]

Yeah. Until Fuel is implemented in Illuvium, there will be no income for land holders unless blueprints are available to trade on the illuvidex at launch of ILZ

[oblique ore]

The idea is that, in the future, you can create larger land plots if you have multiple adjacent lands. It’s been floated that having a landmark on one of these will apply the bonus to all of them in the new mega-plot (but this is still an idea at this point.)

Not 100% sure what you mean about multiple lands, but you will be able to play multiple plots from the same wallet

[royal gorge]

I mean if I will have to switch between my lands when playing or if I could see them all as a single big plot?

[oblique ore]

Almost certainly have to switch. They’re all separate NFTs until the capability to combine into one plot is implemented (and only if beside each other)

[light imp]

Hey Guys I was reading the Illuvium-zero land sale pdf and I have a big question, if I would only start staking now I would not have enough sILV to be able to purchase lands, which would mean that I would have to go for ETH if I want to buy some lands... Did I understood this right? thnk you!

[oblique ore]

If you were planning to claim sILV as a staking reward, yes. (Unless you’re going to drop like 200k into the SLP)
You can buy sILV on the market at a discount to ILV right now. It’s expected this discrepancy will shrink as we get closer to the land sale then widen again until game launch.
These sILV liquidity pools aren’t endorsed by Illuvium so just make sure there’s liquidity and you’re using the proper contract addresses

(Also thanks for reading before asking)

[sweet junco]

Is about 2 sILV a good hold for the land sale?

[oblique ore]

Should be okay for a T1 at current prices

[light imp]

is there any expected time for the sale to happen?

[oblique ore]

Jan 2/3 is the estimate right now

[muted moth]

Most likely early January; no date yet tho

[crude hound]

Hey, so just to make sure I get this right: I get the same amount of sILV for ILV if I stake it. I don't get any if I LP it on sushiswap?
What happens if I unstake my ILV? do I keep my sILV?

[muted moth]

You mean as rewards? Yes you can choose to claim rewards as either ILV or sILV. ILV goes into a year lock when claimed, and sILV goes straight to your wallet. If you unstake, you still keep your rewards yes

[crude hound]

ah, ok! ILV -> sILV is an irreversible conversion right? The only way to get back to ILV is to sell sILV and buy ILV again?!?

[muted moth]

Yep. You can’t change your mind once you decide to claim in either sILV or ILV. The only way to switch back would be once it is in your wallet to sell it for ETH and then swap it back to the one you want

[crude hound]

Hey thank you so much for answering my questions. I'm thinking about getting in on the land sale, but there are still some unanswered questions I have.
Is there a pricechart for the different Tiers of Land?
So would I rather go for 2-3 T1 or is it better to go for a T2?

[muted moth]

Yes. Check pinned messages. As for whether to go for multiple T1 or 1 T2, that’s up to you, there are benefits to both sides

[slim otter]

You don't exchange ILV for sILV. sILV can be claimed as a staking reward for staking ILV. So it's probably a bit late to build enough rewards unless you have heavy bags. Better off purchasing sILV really.

[crude hound]

Yeah, sorry for the wrong wording. Thx for clarifying tho.
I realy wanna get involved in the Project but I'm a bit afraid running into the bubble trap...

[oblique ore]

Something to take into account is resources are required to build and level your base, and they’re distributed randomly. With only 3 on a T1, you could get 3 of the same resource and need to get converters to swap for the others. Could take a long time to get your base online.
Blueprints (skins etc) discovered in ILZ beta get kept through to main game so there may be some value there that a T1 couldn’t realize for much longer
They’ve also said to budget around 60mins per day per plot to manage them effectively. Easy to get overwhelming if you have a lot of T1

[crude hound]

so go for higher tier might be the smarter choice, gotcha.

[oblique ore]

Maybe! Really just depends what you’re looking for, how much you want to play, what your focus will be.
I think the current price ratios do a good job of making multiple T1 vs one T2 a worthwhile consideration either direction

[crude hound]

basically I wanna farm Fuel and casualy play the main game from time to time.

Can I use ressources across regions? Are there transport costs?

[oblique ore]

Also resources aren’t tradable. So even if you have 3x T1 with 9 total element sites, you still only have 3 to use to grow

[muted moth]

For fuel farming you may want to lean more towards the single Tier 2 just so everything is on one plot and you aren’t constantly switching back and forth

[crude hound]

so if I choose to claim rewards in sILV I will get those rewads over time right? So I can't just get 5 ILV stake them and get 5 sILV?
I thought the sILV was a derivitive, but it's rather a "trade" where I "burn" my ILV rewards to get sILV, right?

[oblique ore]

It’s an alternative staking reward, you choose either/or. You accrue rewards at the given rate in that pool then claim which one you’d like your reward as.
ILV rewards are re-locked, sILV are unlocked

[crude hound]

gotcha. thank for answering all my questions. You realy helped me here.
A last one if I may: Where can I buy sILV?

[vast gate]

#🎮〕illuvium-zero message

That has the sILV info and it is also a pinned message

[final wagon]

SILV GOING TO THE MOON

[amber narwhal]

what is SILV price?

[queen fog]

$750ish

[vast gate]

$767 currently

[vernal tusk]

will land sale occur on L2 imx?

[dire tiger]

someeone preparing for land sale

[final wagon]

I dont know why everyone is not preparing for landsale with the discount on silv

[dire tiger]

i think they are just waiting for the confirmed date and final iip.
as soon as both hit, sILV to the moon!

[vast gate]

They are currently discussing it with IMX but mentioned in the IIP not likely for this first land sale. If they can do it, then this land sale will have a small delay.

[final wagon]

What is L2 max/iip/IMX?

[agile sigil]

How many sILV you think is enough to buy a tier 3 land when landsale come, 10 sILV?

[proper canopy]

Most likely not

[vivid cipher]

!imx

[dry forge]

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

[vivid cipher]

!DAO check #809220563397902346

[dry forge]

Illuvium is a DAO (Decentralized Autonomous Organization). The governmental body, known as the council, is elected by ILV token holders.

If you have an idea that you feel will improve the game and community as a whole, you should start by sharing your idea in the #802110554784661544 section and getting feedback from the community. If there are no major issues, you could then write a proposal and submit it to the council for review: https://medium.com/illuvium/30-contribute-to-illuvium-game-development-by-submitting-iips-via-github-ccf4bfae30

The council, which should be composed of knowledgeable & experienced members who think critically and accurately, will then - after careful deliberation if your proposal is truly best for the game and community - vote to either accept or reject the proposal.

[torpid geode]

based on current math about 12.5 ish

[vernal tusk]

do we have an ETA for land sale?

[ivory bough]

Probably January

[stark cypress]

time to mine that fiat in preparation. Are there going to be white list or are we battling ?

[ivory bough]

for what? for land? there is no WL

[stark cypress]

https://tenor.com/view/lord-of-the-rings-ian-mc-kellen-gandalf-prepare-for-battle-prepare-gif-4879285

I read the pinned message, when the land tier I want starts dropping I just go to the minting page and try to mint?

[vast gate]

The sale will be on the illuvidex but the details on how to buy will be in one of the two forthcoming guide documents

[sweet junco]

i bought silv on uniswap and it is my metamask wallet, will this theoretically allow me to purchase land properly when it is releassed?

[vast gate]

Yes, you can go on the illuvium website, connect your MM wallet and go to your dashboard to see your sILV balance

[sweet junco]

dope ty

for the life of my i dont understand ho silv is lower in price than ilv since silv has more utility especially in anticipation of this drop

[glad laurel]

sILV has future utility, but ILV has utility today in the form of voting power and yield farming.

[carmine wind]

Where can we find the sILV pricing for land? The doc only has the ETH cost...

[sweet junco]

https://www.dextools.io/app/ether/pair-explorer/0xa7f72a1ec0ab189998a3eec8b886e6360aff39da

[carmine wind]

I heard that its not a direct conversion though

sILV cost was cheaper from what I heard yesterday in here

[muted moth]

sILV will just mirror the price of ILV for the sale. So whatever the price of ILV is at sale time is what you have to spend

[carmine wind]

ok, so the doc only has the ETH cost, will it be a ILV/ETH cost then?

[glad laurel]

Say Eth is $4k and ILV is $2k. A 0.5 Eth cost is a 1 sILV cost.

[sweet junco]

wwhen u say mirror how do u know this is gonna happen exactly. like how on earth is this guarenteed?

[muted moth]

That is just the way it is set up.

[glad laurel]

In the ILV ecosystem ONLY ILV=sILV ALWAYS

[sweet junco]

confused but saber i love u ur the most helpful dude ive ever met in discord just letting u know

[glad laurel]

Think of it like a gift card issued by Illuvium. It's always worth what Illuvium says it is worth, but that is the only place you can spend it.

[sweet junco]

so if sILV will mirror ILV isnt it almost a guarenteed increase in price from now till then? jow does that work

[carmine wind]

So, for the sale 1 ILV = 1 sILV, so if .5 ETH = 1 ILV = 1 sILV

[muted moth]

Nothing is guaranteed in crypto, but yes, sILV price will likely increase as we approach the land sale

[glad laurel]

sILV value on secondary markets has no direct relationship to what it is worth in the Illuvium system.

[sweet junco]

very interesting, even if a huge amount of people dump silv if ilv doesnt move itll follow the ilv price
?

[muted moth]

Yep. sILV price on market has no effect on its value within the illuvium ecosystem. It will always be taken at the current value of ILV when purchasing within Illuvium

[sweet junco]

ok wait so if it has no relationship on secondary markets then the price wont change with it on secondary markets. As inlets say i bought two silvs on uniswap last night. I intend to buy land but if i dont it wont have the same value of ilv just as a coin itself onkly through its purchasing power ?

[muted moth]

You can still use your sILV when game is released for things like travel fees and curing shards. And same deal, it will be valued at ILV price

[sweet junco]

if this is true then why doewsnt everyopne buy silv instead of ilv

[muted moth]

It isn't officially endorsed by the team so that turns some people off. It isn't super intuitive to get sILV for those that are new to crypto. And people have other reasons as well I'm sure. And some would rather use their money to buy more ILV to stake

[sweet junco]

interesting, lomngterm it just kinda feels like a no brainer

[muted moth]

Eh people have their reasons. But you are right, for purchasing land, it seems like a huge no brainer

[sweet junco]

i agree. hopefully i can even afford tier 1 land honestly even if it works out super smoothly

[vivid cipher]

@steel breach sILV is currently available in an unofficial liquidity pool on uniswap. Unofficial means it’s got relatively low liquidity. And that liquidity could be pulled at any time. There’s also the possibility of the unlikely event that ILV drops below current sILV prices.

!contract

[dry forge]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV Token: 0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2

[deft turret]

Just checking in we still don't have a date for the land sale right?

[glad laurel]

Buying ILV means you get a role in governance and staking it gives you additional interest and a share of all project revenue. If people are investing, ILV is more attractive - if people are interested more in the game aspect, sILV is a likely a very good deal. But since you can't use sILV quite yet it isn't clear what it's true purchasing power is in the game.

[vivid cipher]

No. It will be in #📣〕announcements

[muted moth]

Not yet. Likely first or second week of January imo, but nothing set yet

[deft turret]

thx i assumed so just wanted to be sure 👍

[steel breach]

Howdy! I am going to try and buy as much land as possible in the upcoming sale. I need someone to tell me to buy silv on the secondary marketplace, because i feel like that's a better idea than waiting for eth to dip a little . Tell me what to do Fam. Long term investor, and will definitely be playing and helping out the community the best I can. I am asking is there a reputable dealer that I can buy silv tokens from right now that I can use at the upcoming sale.

[stark verge]

I think I get why no one is worried about this land sale decreasing the amount of ILV tokens. It's because the only way that whales can get sILV for land is if we the stakers claim it in sILV and sell it to them. We're basically locking value in the ILV token for in game use and it's reflected in token price when ya'll burn it. That's why there can only be so much sILV spent in the land sales and everyone else has to spend EXCLUSIVELY Eth cause they can't mix and match it further adding to ILV token price. But stakers are the gatekeepers to how much sILV can be used for this thing. If we claim in ILV, people have to buy in with ETH and make our ILV worth more.

That's really clever.

[deft turret]

I got mine using meta mask and using uniswap.

[stark verge]

https://www.dextools.io/app/ether/pair-explorer/0xa7f72a1ec0ab189998a3eec8b886e6360aff39da
Or Uniswap using !contract

[glad laurel]

Token contract is pinned in the #💰〕token channel. There is a legitimate (though unofficial) pool on UniSwap. You'll have to search the token contract there to find it.

[glad laurel]

Yep, every use of sILV is a short term reduction in revenue but a long term increase in value for the token via the reduction of total supply.

[sweet junco]

whale dump on silv rn

[deft turret]

Ya dang 500 silv

[glad laurel]

https://tenor.com/view/playing-house-give-the-people-what-they-want-zach-woods-lennon-parham-jessica-st-clair-gif-15370082

[stark verge]

But it's even more than that. It disincentivizes claiming sILV and then selling it on the open market unless you got in early and you were REALLY sure the project was going to fail/you could get better than 40% ROI somewhere else. It guarantees the land sale locks in value for the token holders. Whether all the land is bought in sILV or ETH. I'm very comforted by this.

[stark verge]

500 sILV, is that the price or someone dropped that off? Surely not the price

[glad laurel]

Someone sold 500 sILV

[stark verge]

Was about to back up the dumptruck

[glad laurel]

Price went $745 -> $715

[deft turret]

lmao no someone sold 500 units

[sweet junco]

still nuts

[deft turret]

Ya I mean its big, but I'm pretty sure I've seen bigger silv transactions before

[glad laurel]

Just grabbing a quick $365k worth of Eth - eh, little less than that but pretty close for quick math

[proud urchin]

Guys this might be a dumb question, but when is the land sale? I’m having a hard time finding the info in discord on my phone.

[deft turret]

No date yet

[glad laurel]

No official date yet, probably early Jan

[proud urchin]

Thanks guys 😊

[stark verge]

Dude there was another one 40 minutes ago. 500 sILV

[proud urchin]

Another what?

[stark verge]

Someone selling sILV

[deft turret]

I guess it might be whales who have tons in the sushi lp pool. Making a few percent of their total a day could explain it, then they cash out to put the money back into the pool. And continue the loop. Dunno just a guess 🤷

[stark verge]

It's possible we're still early enough where not taking ILV and seeing what the revdis is and getting 40% is not as lucrative as the SLP pool, but I can't image that. What's 40% on 1000 ILV. Is it worth taking a 60% (depreciating from $1800--> $715) loss on. More likely they got their sILV basically for free because your right they're early SLP holders and now it's time to cash in that the land sale has driven the price up and they're not long term holders. But the math can't be in favor of that as a long term strategy for much longer surely.

The mods are going to catch us any moment for not having this conversation in "tokens"

[deft turret]

Well I mean the sushi liquidity pool is like a 500 percent api so woth enough in you can make some serious cash in a short amount of time

Sorry mods

[stark verge]

Run fast, run far.

Yeah, it's possible that it's still worth it to claim sILV, sell it, and buy SLP, but every time someone does that it creates pressures to even out the arbitrage. The 500% is locked for a year. The final product takes another hit ($1800-->$700 constant prices). The ILV is worth its full value if you let it vest + 40% for that whole year. It's close on the maths. I wish someone smarter would do the calculations. I'm lazy

[deft turret]

Oh lmao the whale sold another 500 silv, that makes 1000 silv dump yikes.

[stark verge]

Lol. I thought that was the one you were talking about.

You must have been talking about the one at 10:08.
Yeah, that's crazy innit? Cool 150 ETH. May we all be so lucky.

[wind bolt]

Does sILV burn tokens from the total supply of ILV

[deft turret]

Yes

[wind bolt]

So if land sale is mainly sILV it’s going to send ILV price to the moon?

[deft turret]

Not that many people have and use silv, I think there will still be plenty of people who will buy with eth. And the burning of the silv will make ilv rarer and thus could help increase the price due to rarity down the line.

The more lands bought with eth the better the redivs

[wind bolt]

Based on the uniswap pools and circulating sILV I bet a ton is used in the land sale

[vivid cipher]

No. Well at least not in the short term.

[wind bolt]

Conceptually though, it could. But numbers wise it won’t be enough right? What I mean is, my idea is not wrong, it’s just that the numbers won’t be enough to effect ilv price

[deft turret]

You aren't wrong, but I still think plenty of people will find it more convenient just to buy with eth dunno. We will see after the land sale.

[wind bolt]

Can we just fast forward until we are all rich?

[deft turret]

I'm down

[vivid cipher]

It’s that the sILV has already been claimed and the ILV already isn’t minted.

Using the sILV at this point doesn’t make a difference

It’s when sILV gets claimed that the ILV supply is theoretically reduced.

[copper falcon]

woot? enjoy the process!

[deft turret]

But people will claim right before the land sale theoretically, thus burning some supply

[vivid cipher]

But there’s no present impact to the ILV supply because when ILV is claimed it needs to vest for 12 months. There’s so much ILV still not unlocked.

So the actual impact will be in 12 months.

[deft turret]

hmmm I see

[wind bolt]

Please. I need instant results

[coral shard]

is there any supply max about sILV?? not a lot of informations :c

[vivid cipher]

Haha. ETH purchases in land sale will do that.

[glad laurel]

As it stands now, max sILV is 3m minus claimed ILV rewards since sILV is only created via yield farming. Future IIP may change that a bit.

[vivid cipher]

Currently ~3m possible. But an IIP is being discussed to up that to more. How it works is that sILV + ILV = 10m maximum.

[coral shard]

Thanks for the fast answer 🙂

[vast gate]

The new IIP in discussion I believe is about having the option to claim revdis in sILV which would increase the supply. But this won’t likely happen until the game is released.

[vivid cipher]

Land sale and illuvitar sales will also create revdis.

[glad laurel]

RevDis and potentially in-game token rewards as well IIRC

[vast gate]

Thanks good call. Those are the two additional sources of sILV in IIP15.

[tall yew]

Hi, do we have a date on the landsale? or do we only know that it will be in january?

[deft turret]

No date yet unfortunately

[muted moth]

We technically don’t even know that it will be in January. I think it’s pretty likely it’ll happen in January, but it could be delayed if they find a way to get the sale on IMX.

[tall yew]

Thanks man

[oblique ore]

There’s enough sILV circulation to buy most of the land at current max prices. A lot of people are assuming that’s what is going to happen

I’m going to start FUDing so sILV drops.

Land sale august 2023 confirmed and no in game use case

[glad laurel]

https://tenor.com/view/everybody-panic-gif-13346623

[deft turret]

I hear ya but im still confident there will be a fair share in eth land sales.

[ivory bough]

https://tenor.com/view/cease-your-heresy-warhammer-heresy-astartes-gif-18053812

[oblique ore]

Arash I don’t have my stack yet. 😔Just give me a week to spread disinformation

[ivory bough]

lol don't be greedy 😄

[coral shard]

https://tenor.com/view/kermit-tantrums-angry-mad-rage-gif-6063953

[agile sigil]

Hopefully in januari 10 sILV will be enough with these prices increase compare to eth but who knows. maby i buy some sILV to be safe

[stoic vine]

For what tier

[deft turret]

the message hes replying to says tier 3

[agile sigil]

Tier 3

[deft turret]

It all depends on the price of ILV, ILV could spike right before the land sale and you might not need 12 and 10 might work

[agile sigil]

I might buy 2 sILV just to be sure

[deft turret]

sure ab what

[final wagon]

we all need to buy silv asap

[deft turret]

why tho

[coral shard]

yeah buy the top and sell meh cheaper - nfa/dyor

[final wagon]

its gona moon as soon as land sale is announced

[coral shard]

probably though

[deft turret]

mby, I bought an hour before it went from 500 to 700 so im already very snug and happy no matter what happens

[final wagon]

ya if you already bought your reserve for landsale your probably good; just make sure it's enough purchasing power

[deft turret]

Its all I will need thats for sure. But what are yalls opinions on the lands resale value?

[glad laurel]

Bought some at $300. Have to decide in that last week if I've got enough for the land I want or sell back into the pool for a likely 4x-5x. 🤔

[deft turret]

nice bro

[final wagon]

That's how its done brother; a good dilemma to have.

i think that it's gona super rocket

[final wagon]

in regards to land resale i meant

[deft turret]

Hopefully

[oblique ore]

Can we get this pinned or something if confirmed? Just don’t want to miss it

[oblique ore]

Sounds like insider trading to me

[glad laurel]

https://tenor.com/view/the-secret-ingredient-is-crime-jbone666-mouthful-building-walking-the-street-gif-16400025

[muted moth]

Lol def not true. That 6 weeks mark was last Saturday lol

[oblique ore]

Didnt someone say he JUST said it?

[muted moth]

That post you are referring to is back from October 17th. There hasn’t been any other announcements other than Kieran mentioning Jan 2-3 as a possibility

[glad laurel]

#🎮〕illuvium-zero message @hexed vessel

[oblique ore]

What the literal fk. How did I get back that far LMAO.
I swear on mobile it jumps around randomly when I switch channels

[agile sigil]

Bought myself 2.5 sILV to be more sure 😉

[muted moth]

Oh you aren’t tripping. Happens to me all the damn time. I slightly drag my finger one way and suddenly I’m back 3 months🙄

[oblique ore]

Damn I was actually excited LOL. Saw a big sILV dip incoming

[glad laurel]

I mean, you got the wrong message but I think six weeks from now is actually very likely correct anyway. 🤣

[oblique ore]

(Not being greedy though @ivory bough 👀)

[ivory bough]

In Dec ILV will be +2k and sILV +1.5k 😜 NFA (that is if it is still there) so you can go with cuz it's literally cheap lol

[still crag]

Thats my prediction too

2,5 and 1,5

[oblique ore]

Think it’ll cap at that ratio for land sale? Or get closer

[floral yacht]

Do we have any overview about what the different tiers will offer in comparison to each other?

[oblique ore]

Check first pinned message

[ivory bough]

Well it's still cheaper. There is no incentive for it to go down as land sale is getting closer and closer with prices out. So it's most likely up from now on

[oblique ore]

I was thinking it would get to about 80% by land sale

[ivory bough]

Pretty likely, that is if it still stands by then

[oblique ore]

What do you mean by stands?

[ivory bough]

A whale might scoop it all up.

[oblique ore]

Ahhh gotcha. Yeah I’m trying to stack up rn but can only xfer 3k/day to crypto.com 😩

[ivory bough]

Never liked Crypto.com

[glad laurel]

I would expect sILV swap value ceiling is 75-80% of ILV value.

[oblique ore]

Not a lot of other options for me with passable fees and a decent selection of pairs. Binance is pulling out of my province Jan 1

[ivory bough]

Hmm....too bad.

[oblique ore]

Yeah not ideal. I’ve had a good experience so far with the exchange, and free fast deposits into the app

[still crag]

Did you read the notice about sn update for eth this December?

Vitalik said to introduce something to lower gas fees this month

This would be good for the landsale

https://www.google.com/amp/s/cryptoslate.com/ethereum-founder-vitalik-buterin-proposes-fix-for-high-gas-fees/amp/

[autumn island]

We will have an official annoucement on the exact date. It’s not confirmed yet. Please don’t take the rumour for certainty.

[deft turret]

Still hopefully the sooner the better

[loud gazelle]

how much do you guys think land will go for?

[deft turret]

Check the iip

#809220563397902346 message

It will probably be close to that give or take

[loud gazelle]

ok got it might grab a tier 1 land

[deft turret]

Yea, if you are hoping to buy, rember to look at sILV if you haven't already. You will thank me later.

[loud gazelle]

that was actually my next question lol buy using eth or sILV, i guess it makes sense to buy in sILV now cause of low market cap and if im going to buy land anyway might as well get sILV if im going to investing in the game anyway as sILV will go up in price

[deft turret]

Yup there are risks but they are far outweighed by the benefits.

[loud gazelle]

in binance i can only see ILV though do i convert silv in illivium?

[deft turret]

You will have to go through a 3rd party pool using somthing like uniswap.

So I put my eth into meta mask, added sILV token, connected to uniswap, added sILV token there, and then swapped my eth for sILV

Check tokens pinned messages for the codes to add sILV.

[loud gazelle]

ok thanks i look into it

[deft turret]

Here is a vid that steps you through it, https://youtu.be/Zi4uo6c-Cus

Hopefully that might help

[open lynx]

Hi guys... the land sale is for sure or ruffle/wl only?

[oblique ore]

No WL

[deft turret]

The land sale is Dutch auction style, and while there is no date yet its expected in jan

[stark verge]

don't know that jargon. wl?

[glad laurel]

Whitelist - some method of pre-approval to give people pre-sale access or right of first refusal or the like.

[stark verge]

ruffle?

[glad laurel]

That one I don't know. Lottery or staggered queue system maybe?

[glad laurel]

Probably typo of raffle

[deft turret]

Imagine how sucky it would be if there was a lottery to see who gets the opportunity to buy the land.

[glad laurel]

Eh, sometimes it makes sense. Lottery is way better than a gas war imo

[deft turret]

Yea but think of the people who would just get shut out, or whales not being able to buy some of the high ranked lands, dunno i think it would hurt the sale more that it would help with the people who didnt get a chance getting realy pissed and toxic

[stark verge]

depends on the demand. I'd burn the place down in a lottery

[deft turret]

A lotto also add tons of risk to sILV holders which might be good but might also be bad. Dunno

[glad laurel]

I mean, if you are doing a lottery you are charging fixed prices normally so only the people who can afford top tiers are buying it anyway. I'd much rather a well designed Dutch Auction - just need to crank up those starting prices a bit.

[deft turret]

mby yee

I feel no matter how high the prices start they are all mostly gonna get bought out instantly

[glad laurel]

If whales wanna buy T1 lands for 5 Eth, let 'em - I'll enjoy the RevDis. 🤑

[deft turret]

True, that would be nice

[deft turret]

Nah pure luck, I actually meant to buy the next day cuase i had more funds incoming but i was just like oh well now is a good a time as any. And welp it worked out.

[sharp elk]

Yeah the prices they are suggesting atm are reasonable average prices, but far too low for a reverse Dutch auction. If the T1s sell out in 5 minutes the team will look very foolish.

[deft turret]

well they do have it set to last 3 days with slowly realeseing them,

[sharp elk]

That just means each release could sell out in less than 5 minutes. That’s not actually any better. Just gives people longer to get angry.

[deft turret]

true

[glad laurel]

Three days of watching each plot get marked "SOLD" instantly. Fun. Maybe even tossing a couple Eth worth of gas into the void with nothing to show for it too.

[sharp elk]

Anyway we will see. But if the whole point of a reverse Dutch auction is that the starting prices are deliberately so high that nobody would buy straight away… then the current starting prices stated are obviously far too low.

Maybe we aren’t giving the team enough credit. Maybe they are deliberately capping the prices at a relatively low level to stop disappointment when people realise their new lands have a roi of 0.2% per annum, because they massively over estimated the income generation. Maybe this a plan to save people from going crazy and then seeing the land price crash.

[deft turret]

mby hopefully not

[stark verge]

If that's true I'm coming here for everything but toilet paper and bananas. That would be integrity

[sharp elk]

It also wouldn’t be bad business sense. They wouldn’t want a bad experience with losing money on land to take the shine off the main game launch. Anyway, who knows but maybe there is some logic to capping the starting prices relatively low. It could be a hint from the team to say, don’t go crazy with your guesses, the income from land isn’t going to be that high.

[agile sigil]

what gas fee do you expect?

[nova sparrow]

Did I understand correctly that in the Land Sale, a sILV will count as much as an ILV token? I mean value wise

[glad laurel]

Anytime you spend sILV in the Illuvium ecosystem it counts as ILV token price, yes.

[glad laurel]

https://tenor.com/view/fortune-teller-crystall-ball-psychic-clairvoyant-gif-5100696

[nova sparrow]

and it will be a public sale (gas war)?

[deft turret]

probs

[glad laurel]

Dutch auction, so in theory starting price will be unreasonably high and you have to wait for price to come down to strike. This should in theory make it not a gas war. In theory.

[nova sparrow]

but i thought the price for e.g. tier 1 is 0,5 eth. so if enough people offer 10eth, it will be 10eth?

[glad laurel]

No, those are the starting prices in the proposal. So if people want to buy, they buy (no "bidding") and a gas war starts. Those starting prices can (and probably will) change before the auction.

[nova sparrow]

so Tier 1 sale will start at probably 0,5 and if everyone is ok with that price and want to buy it, a gas war starts

[glad laurel]

If nothing changes from here, yes. General sentiment seems to be that starting prices should at least double making it so snatching everything as soon as it lists doesn't make sense.

[deft turret]

yup

[stark verge]

Whatever's best for the DAO. I know I wouldn't pay 10 ETH for T3.

[glad laurel]

Yeah, the tweaks probably aren't the same across the board - lower tiers likely need a bigger price hike than the T3/4.

[stark verge]

Are you tryna get us killed?

[nova sparrow]

We are in crypto. Common sense invalid here 😂

[glad laurel]

Buy first, ask questions later.

https://tenor.com/view/money-dollars-cash-rich-shut-up-and-take-my-money-gif-3555042

[stark verge]

50-f*@&ing-K. Go flip houses people. Get some sun. ❤️ 🚀

[nova sparrow]

I WANT TO BUY! but I don’t want a gas war 😂

I want at least a tier 2. but if the price doubles… puuuuh maybe tier 1 😂😂

[stark verge]

I dunno. I bought 11 sILV at 300. I want what that buys. Raise the price if'n you dare 😁

[glad laurel]

https://tenor.com/view/boom-wink-finger-guns-keegan-michael-key-gif-8097907

Hey, I'm basically advocating to price myself out of the land I want - I just want the Dutch Auction to run the way it is designed, preventing gas wars and maximizing DAO revenue.

[nova sparrow]

There will be a gas war at tier 1 and maybe tier 2. Guaranteed - unfortunately

[glad laurel]

Where wouldn't there be? T1 starting at 2 Eth? 10 Eth? Wherever that is, that's where you start it.

[nova sparrow]

hahaha I dont know…

[glad laurel]

https://tenor.com/view/this-is-above-my-pay-grade-more-than-i-expect-too-much-pay-grade-beck-bennett-gif-15835979

[nova sparrow]

+1

[simple juniper]

Well there won’t be a gas war most likely, the illuvium team is not that dumb minded. They are a very intellectual group of people and they see what the community is saying and thankfully they actually listen to us. So we will not have to worry about prices being that low at the start they realize this will cause a gas war and this is not what they want. So just sit back, relax, and don’t worry too much about it 🙂

[wind bolt]

I get this, and I also believe in the Illuvium team, but like.... how will there not be a gas war?

[glad laurel]

Increasing the starting prices to where buying right away doesn't make any sense. So basically setting up a proper Dutch auction.

[wind bolt]

Sounds great, but that needs to happen soon, you can't be changing the rules this close to gametime

[glad laurel]

There isn't even a date for the sale yet. I wouldn't consider anything final until the week of the sale. The starting prices can and should be flexible up until then.

[wind bolt]

I would hope for a bit more transparency than that, a month's notice of starting prices is not a hard "ask"

[simple juniper]

There is no date for release it is not by any means too late to change the prices and they said that in the pdf

[glad laurel]

It's perfectly transparent to just say that prices are not set in stone until at the very least a firm date is announced and maybe not until the week of.

[vagrant heron]

Can anyone explain me what exactly is meant by „gas war“?

[glad laurel]

When everyone tries to do the same transaction at once and the highest gas is processed first and the rest waste gas and get nothing.

[vagrant heron]

So gas is paid even if the transaction failed and the land wasn’t bought ?

[glad laurel]

Correct.

[vagrant heron]

Oh okay that really sucks then

[glad laurel]

To be avoided at all costs imo

[vagrant heron]

Without some sort of restriction or limitation it will really turn into chaos then I guess

[little moon]

Just buy at night time it’s over three days

[glad laurel]

Night time where? And do bots sleep?

[little moon]

Early mornings pst gas is way lower and no lol everyone needs to scoop a bot

[pure berry]

Considering originally it was supposed to be a week prior...I would say even having an idea this far in advance is above an beyond. Hopefully, they can figure out a way to get IMX worked out before the sale

[glad laurel]

"When gas is lower" doesn't matter if the issue is plots being bought as soon as they are listed.

[pure berry]

Gas is low now, let's release the first batch on a " test run"

[glad laurel]

https://tenor.com/view/upisnotjump-mouse-clicking-fast-spam-gif-21751122

[loud gazelle]

how much eth have guys left for gas?

[nova bridge]

where and when will the landsale be please?

[pure berry]

you can always buy more ETH

[pure berry]

Not final yet

[glad laurel]

Answered in #💬〕general

[umbral badge]

https://www.blocknative.com/gas-estimator

This a fantastic website during Auctions.
It allows you to see what others are spending to help you get ahead of them.

Not guaranteed of course, but increases your info

[glad laurel]

Ooooh, that's not bad. Been looking for a new tool since gasnow went away.

[umbral badge]

This is a useful video explaining GAS wars and how to maybe win

https://youtu.be/7zJI1VEQdOA

[little moon]

Hi, do we have more infos about the rumor of a second land sale before open beta?

[civic flume]

So I have been reading through this chat, and I would like to consolidate the info to one place here. Can someone tell me what the set price to buy land will be ($5,000?), without consideration of gas fees. Also, when it will take place (January?). And Dutch auction means price comes down until someone buy it, yes?

[wind bolt]

None of these numbers or dates have been confirmed. You are on same page as everyone else

[civic flume]

Oh ok. I'll just keep my attention on this Discord then. Thanks!

[amber atlas]

the draft IIP is available in the iip discussion channel

[amber atlas]

we are planning it, but will need its own IIP

so I surely wouldn't say it is a lock/100% but also more than a rumour... flip a coin maybe

[wind bolt]

Odds on a price change/adjustment to current land sale IIP?

[amber atlas]

I can't give you odds but it is being talked about

it is hard to be upset that the token price keeps going up

[twilit bough]

That would mean 40k lands when fuel revenue start coming right?

[amber atlas]

if there is another land sale before public beta/main game launch, then its very likely it would be the same 'shape', so yes that would mean 40k lands out

[twilit bough]

All land sales have to be big events? Or we could have a 3 years auctions with weekly batches?

[amber atlas]

I mean nothing has to be anything... that's a pretty interesting idea

[twilit bough]

Thks, just though about that. It has pros and cons. Maybe it reduces the hype a bit but it also allow players to buy at a better price when the market is down and hype is lower

[amber atlas]

yeah marketing folks definitely wont like it 😉

[twilit bough]

Trade off of making it available to the most interested player vs DAO revenue

[proud urchin]

Hey guys. We've got the prices determined for the land tiers, but is there any word on where and when the land sale will be?

[twilit bough]

Not officially, but date is early 2022. And where is the illuvium page made for it.

[vast gate]

The IIP mentioned it will be on the illuvidex

[amber atlas]

we have built a custom land sale app that is integrated in to the Illuvidex, it has lots of nice features like searching, notifications, etc and a beautiful land viewer

[lofty cape]

So where are the leaks? @amber atlas

[muted moth]

YES YES YES

[small star]

@amber atlas I’ve some questions.

1- Will T0 be able to resell on the market ?
2- Will there be some ranking / points / leaderboard / competitions mechanisms within the game ?
3- Will there be cosmetics for lands / buildings ?
4- Any interesting idea and evolution to the game, that the team said « that’s crazy let’s do that » that you can share will be part of a future versions of IZ ?

1 & 2 : Maybe sound stupid to buy/sell T0. But if we look at IZ as a game and let the « fuel for eth » aside, with ranking and competing to be top producer or something, T0 well designed may have a value for pure players, exactly like today f2p games. But of course land selling will have to retain the buildings/cosmetics and so on.

3: certainly able to create cosmetic packs as a source of revenue for the game that T0-T5 can buy.

[amber atlas]

1. No, T0 is a single player experience

2. Was thinking about this a few days ago, currently no but it is a great idea (so almost certianly eventually yes, but maybe not alpha)

3. Currently cosmetics are limited to your holographic statues, and paths -> Long term almost certainly yes

4. No,I think people are too much heads down focusing on the work to be generating cool new ideas right now

[small star]

👌🏻

[oblique ore]

oh BABY the goat comes through again

[trim plank]

how to buy land?

[brisk plume]

wait for january

thats when the sale starts mate

[brisk plume]

how do you plan to manage it?

[formal cradle]

how much will a t2 or t3 anyone think

[umbral badge]

Quantum Bridge!!!!!!

[formal cradle]

yea how much silv

yeah hahaaha estimate guess

[simple basin]

Where to find Infos about the land sale ?can’t find

[obtuse latch]

Honestly, I don't understand how sILV really works, so I'm not the best to figure that math out

I didn't get in early enough to stake, so I have no sILV

[formal cradle]

wat about in eth how much u think per tier

[glad laurel]

T2: 4 sILV, T3: 13 sILV

[vast gate]

https://cdn.discordapp.com/attachments/857471213513605140/914759419550634024/DraftIIP-xIlluviumLandSale.pdf

[glad laurel]

From the linked PDF

[simple basin]

Ty this is what I was looking for

[formal cradle]

cool thats all im looking for:)

[glad laurel]

sILV = ILV when you are buying direct from the DAO

[steel frost]

It will definitely be higher than this though. Lots of discussion in the IIP about it, Aaron also confirmed it can easily be changed

[glad laurel]

True, just only "official" info we have so far.

[steel frost]

I did get excited initially though haha

[hasty adder]

Anyone aware if my resources from Illuvium Zero will carry over straight to my account on Illuvium or will I just sell fuel for Eth and use that to buy eth off the market?

[obtuse latch]

Fuel as well as blueprints, and Illuvial scans, will carry over, there is more in the game doc

[amber atlas]

no they won't

[vivid nebula]

Can we play illuvium zero already?

[amber atlas]

we are endeavoring to create a simple UX experience such that Fuel in transported to the main game as a single transaction... but behind the scenes it has to be sold to the pool in order to ensure the pool balances correctly

[potent dock]

I'm sorry if you covered this already, but I might have missed it - Will boosts be payable in ETH or sILV or Fuel?

Boosts to speed up construction etc.

[amber atlas]

IAP through mobile app stores and ETH and sILV

[stark verge]

Do we know what price USD fuel will be fixed too? And how often our fuel sites pay out. Seems to me we could calculate the value of land a lot easier if we knew that.
Otherwise shouldn't we just buy 100 T1s and hope we're in the way of megacities?

[amber atlas]

ETH and sILV may not be available in the Alpha though

[amber atlas]

It is not fixed to a price, please see draft IIP with land sale details

as to the 'base' price which we push it towards

not decided yet

[stark verge]

yeah, that one. what is that if not a price?

[amber atlas]

there's still work to do on pricing the main game

[stark verge]

difference between base price and not fixed to a price?

[amber atlas]

I can't assume that you understand all mechanics so when you say "fixed too" it is easier for me to include an answer which makes it clear that it is not FIXED

and even if you know... if I said "Yes it is fixed to X" someone without your knowledge might see that and assume it means the price is a single fixed value

[stark verge]

Thanks for condescending to answer

[amber atlas]

I'm not trying to condescend, I'm just trying to explain why I answer in that way

I make a statement like that and then in 2 weeks people will be saying the price is fixed

(its happened many times)

[stark verge]

Fair enough. Hard to read tone through text. And I won't take offense about quoting my grammar mistake. Truly, thank you.

[amber atlas]

hah was quoting as a quote not as a (sic)

[stark verge]

Will we know by sale?

[amber atlas]

ideally we can give some kind of relationship between production and common costs in the main game

[stark verge]

thanks I've read it

[amber atlas]

I mean knowing Fuel was $10 (for the sake of example), doesn't say much because travel might cost 1 fuel, or 2, or 100000

(it will almost certainly be less than $10)

I think if you are trying to make calculations of possible revenue, the best thing to do is use the 5% of in-game revenue factor (estimate revenue, divide by number of lands, use some metric for relative production of different tiers, etc)

if it is just for curiosities sake, then back to the short answer which is "not sure yet"

[stark verge]

fair enough. what are the odds the council votes to change dev teams? 😉
(calculating risks and fishing for the big leaks)

[amber atlas]

given the community has been overwhelmingly positive about what we are doing I expect it is pretty low

[stark verge]

Grin. Good.

You're a good egg, Johnny A.

[amber atlas]

🥚

🙂

[obtuse latch]

Does anyone have a link to the Game Doc (not the land sale doc)?

[ashen palm]

What is elemnt site, fuel sites and landmarks mean?:)

[mild umbra]

where will the marketplaces be for these land parcels?

Any more info on the different areas of the metaverse and illuvials that dwell within them?

[amber atlas]

the original GDD is pretty out of date now, it still describes the general idea of the game, but many things, for example the tokenomics are going to be wrong

there are several GDD snippets for specific features pinned to this channel as well as the original GDD (noting again it is out of date)

before the land sale we will provide an additional revised GDD/FAQ

[amber atlas]

**Element site: ** produces the basic resources needed to build structures, these cannot be sold (although may eventually be tradable for other elements on the internal IZ marketplace)

**Fuel Site: ** produces the resources used for the main game (Illuvium), these resources can be converted to ERC21 token and are a main source of earning from IZ land

*Landmark: A special structure found on T3+ sites which grants bonuses to production of either Elements (T3) or Fuel (T4) ... in the case of T5 it is a very speail Arena Landmark that is an eSports arena to be used for future tournaments