🎮〕illuvium-zero

[analog inlet]

@hearty cradle no you **can not buy anything with ILV anywhere ** if your talking about #🎮〕illuvium-zero to my knowledge you will only use ETH in game to by powerups @amber atlas may be able to clarify this.

illuvium

The main currency will be FUEL you buy this with ETH

the secondary currency is sILV-V2 the only way to get this token OFFICALLY is though staking rewards .

It can be used in place of fuel for any non fuel non player related
and is all ways = to the < market price> ILV within the Illuvium ecosystem

ETH will be used to buy fuel and any other player related items on the Illuvidex market place not yet released

[signal raptor]

Okey thanks you and my bad, i wanted to say ETH instead of ILV, my question now is If i want to buy a land with silv2, what will be the using price of 1 silv2 ? the current price of silv2 in the market (which is now 200 approx ?) or the price of 1 ILV (which is now 500 approx) I dont know if am clear i dont speak english very well.

[hearty cradle]

ILV

[lofty cape]

Also Johnny had said they were thinking of making some buildings you cannot speed up

the core buildings so someone with money cannot just max the entire land out day one

[analog inlet]

doesn't matter what time it is sILV-2 always = <market price> ILV right now all sILV-2 everywhere have an official value of $576.17 within the illuvium ecosystem

[hearty cradle]

what he said

[signal raptor]

Thanks, that is what i wanted to know 🙂 thx all for answering

[lofty cape]

Even though sILV2 is trading at $200 right now

[hearty cradle]

youre welcome

[hearty cradle]

yea huge arbitrage

[analog inlet]

silv-2 has a offical value of $0 outside illuvium.

[lofty cape]

Buying land and Illuvitars will be a sweet discount

[hearty cradle]

65% disc atm

[lofty cape]

If your planning on going big now's the time imo, I just want the RevDis

[hearty cradle]

travel and curing shards too

[analog inlet]

then you should be buing ILV- the only revdis you get with land is 5% of fuel sales and that's not passive... its only based on what your land itself produces

[lofty cape]

Trying to go T4 and redeeming rewards in ILV for the RevDis

Once land prices drop I think a lot of buy in

[analog inlet]

you cant do that! you misunderstanding!

[hearty cradle]

???

[lofty cape]

eh? I have sILV2 to buy the land and the rest of the rewards are going ILV

[analog inlet]

ok lol i thought you were tring to get staking rewards from land lol😆

[lofty cape]

Just hope 100 sILV2 will be enough for land T4 land that is

I have 4 months left on the initial staking for 12

Those 8 months of rewards have been sweet! However I know they are lowering every 2 weeks so I might restake for 6 months and not a full year again. Have to see this fuel income

[hearty cradle]

T4 starts at 250, maybe it will come to 100

[lofty cape]

They need a collect all button on the land lol been watching the clip of him collecting

[hearty cradle]

yes

[lofty cape]

T4 starts at 250? Is that 250 ETH or sILV2?

[hearty cradle]

#🎮〕illuvium-zero message

[lofty cape]

So 40-50 ETH seems like at some point is not about the game and people that can play it, it just prices everyone out of it

Also it seems the income is going to be much lower than expected with only 5%

[spring jetty]

T4 is so much more expensive than t3

[lofty cape]

so if your dropping $150,000 on land with a 15 year return from fuel seems silly

😆

[hearty cradle]

what about dropping $150k on an ape?

[spring jetty]

sounds like way too much money

[pure cloak]

That's silly too🤣

[south belfry]

I’ve been saying a collect all button and the price is way too high lmao

[hearty cradle]

hmm....maybe they will sell an auto extractor for 0.2 eth ?

[golden cradle]

Has a land sale happened yet ?

[sudden olive]

Hoping to get some land for 0.2🥲

[hearty cradle]

No

[cyan bone]

Reuploading with an accurate filename. 😌

[shell rose]

Do paths speed up efficiency?

[lofty cape]

I think it is the location in relation to other buildings it is close to

[harsh dew]

Anything new or just file has been renamed ? Extracting_Fuel

[cyan bone]

I've just renamed the file to ensure accuracy @harsh dew

[harsh dew]

Thanks for that little sneak video, feel free to drop some more

[cyan bone]

I have something in mind this week 🏋️‍♂️ 😏

[muted moth]

Hey @ivory bough , can we get the video re-pinned please? It was deleted from the original post. Here’s the new one: #🎮〕illuvium-zero message thanks!

[ivory bough]

there you go 🙂

[analog inlet]

@calm goblet #💬〕general message

[calm goblet]

Thanks!

[alpine thicket]

What currency will the land be purchasable with? Tia

[analog inlet]

ETH or sILV-2

[alpine thicket]

Thanks! Any benefit/advantage of using 1 over the other?

[hearty cradle]

sILV2 has a huge arbitrage rn

[lofty bramble]

What's sILV2 at?

[high sleet]

@amber atlas I'd love to dm you about something :) sent u a friend request bro

[hearty cradle]

just look it up on dextool

[high sleet]

At face value there's no difference. However at this time sILV-2 can be purchased for less than ILV is worth. And sIlV-2 when used in the ecosystem has the same buying power as ILV. So if you can purchase it for less than you think ILV will be worth when you use it. Then you will have gotten more value than using ETH

[alpine thicket]

Cheers mate 👍👍

[fallow sentinel]

Any info on projected landsale period? Within a couple months?

[crystal wave]

were can i buy sILV-2

[nova basalt]

time to Silv-3 :)

[knotty lion]

Hello! just want to ask if a T2 land will be enough to cover fuel for 5 trips daily?

[high sleet]

I have made a few vids around this subject and created a spreadsheet you can use. We don't have specifics but 5 times daily seems highly unlikely. I think I managed to get it down to 10 trips in a week or so with a T2 if the game had 10 mil players

[knotty lion]

Hey! i've been following your YT.. Great Videos! Was that the video posted last 2 days ago?

[hearty cradle]

an IIP might be needed to fix that

[knotty lion]

I'm watching the video again, and this is more on the revdis side on the lands.. I was hoping to know more about the fuel production of the land, so I can get an estimate on how many trips I can make per land using the fuel being generated.. But I guess that info is not out yet?.

[weak sedge]

Gents, I am confused about the land sale. I know it will accept eth and silv2 but what would be the system equivalent ratio between them? Would it be the ilv/eth or the silv2/eth ratio of unofficial pools?

[high sleet]

So my earlier video using the same spreadsheet does discuss the land side of things. And is explicitly talking about fuel. I have since started to delve into blueprints. The big thing my calcs haven't considered is that I have calculated based on all 100k plots. If we assume only 40k released pre game launch then that does up the figures for profit

[high sleet]

sILV-2 will have the same buying power as ILV. And ETH has the relevant eth price. That's it. There's no others crazy maths to do.

Forget all the pairs. Whatever eths usd price. And whatever ilvs usd price. They are all that is relevant for the land sale itself

[weak sedge]

I just watch a couple of your videos @high sleet and they are really good by the way. I'm asking because the silv2 price is currently half of the price of ilv so if the base is to consider them equal there is definitely an upside to get some silv2 for the land sale

[high sleet]

https://tenor.com/view/a-pretty-sweet-deal-general-mark-r-naird-steve-carell-space-force-good-deal-gif-17463658

Judt wait till V2 launches. I'm getting my eth ready

[weak sedge]

Isn't it buyable at uniswap atm?

[high sleet]

Yes but when V2 launches and thousands of whales have pending rewards from over 2 months of zero access and want to claim some liquidity. What you reckon their game plan is?

[gleaming timber]

Hi Scoriox.nft, I also watched a couple of your videos. Thanks also for your effort in this chat.

Actually I wanted to buy some silv2 today for the landsale. But after reading here in the chat I am unsure.

1. Do you thing the price will fall even further for silv2 after the V2 launch and when is this?
2. Also, it was discussed here that land is supposed to be only 5% of the revenue stream and it is much less than expected. In your opinion, is the purchase of land still reasonable?

[weak sedge]

Good point

[high sleet]

V2 should launch before the end of the week however rewards are not claimable for approximately a week later than the V2 dashboard. Yes I definitely think the sIlV2 price will take a hit however! Many will set buy orders and supply will meet demand very very fast. So my suggestion would be to set buy orders. I will likely set a ladder of orders. Shooting between 100$ and 150$ per sILV2 token. I can make a tutorial on this if you're unsure

[weak sedge]

Can you set buy order through Uniswap? That would be great content to explain how to do it safely

[high sleet]

I haven't done it in quite some time but I believe the idea is simply that you make sure the slippage isn't too high. Essentially you make a swap for whatever you are willing to swap and keep the slippage low then make sure it doesn't expire in 6 hours. And it should only get filled when appropriate. I think I can make a video!

[gleaming timber]

Thank you a lot for your answer. I did not even know that I can set buy orders with associated prices at Uniswap. Know this otherwiese only from other exchanges and thought I could only swap there. But I look at it once, then it should already work.

Also do you have any thoughts on the significantly reduced revenue tight of 5% and whether it might still be worth buying land and playing ilvzero?!

[high sleet]

Im not 100% on all this so I want to do a more in depth video but when you really think about it. There's no reason you can't. The only difference is you need to do a lot of the maths yourself. Centralised exchanges make your life a lot easier. With uniswap it's way more manual

[hearty cradle]

are you talking about setting up a ranged LP?

that can be done by setting up an LP, but you still need to remove the pool manually

[high sleet]

This question is a really difficult one. There are so many factors but I've got a few minutes before bed. First let's talk about the upside of ilvzero.

1. Its an entertaining and fun game
2. You will be one of 100k people in the entire illuvium and future illuvium ecosystem that can produce skins to sell to players. No one else will have the same access. You are in control.
3. It's roi is dependant on the success of the main game. If you think the game will do well then it makes sense.
4. There's so much potential for future utility that is only a proposal away. Say one day we can visit the land and walk around on it. Well the land is always going to be more expensive on the secondary.

Other considerations.

1. This is the first landsale of 5. There is no need to fomo but the first landowners will benefit from there being less overall.

2. The 5% is only one proposal away from changing to 10% or even higher. The team is dedicated to making everything as balanced as they can. Worth keeping in mind.

What are the downsides.

1. If the game does poorly you will most likely sell the land at a loss. There is a high chance however that this loss is not nearly as bad as for ilv tokens. Nfts have historically outperformed when it comes to bearish sentiment. As long as they have utility.

Sandbox and axie infinity land both went 10x or so from their sale price. And their supply is way higher. This is a Dutch auction but people love land idk what to say hahahah

NOT FINANCIAL ADVICE

I personally see it as a powerful hedge. In any investment you want to diversify. It's just another part of the illuvium game I want to engage with

[gleaming timber]

Thanks for your time and thoughts.

[odd brook]

Fyi, Probably will be set to lower than 5% instead of “10% or higher”.

[marsh sage]

That seems highly unlikely. It would not seem to be in the best interest of the DAO and community to sell an asset with a communicated utility in an auction format and then later decrease the utility of that asset. People will be spending literally millions of dollars on these lands based in large part around the communicated utility. Not saying it couldn’t happen but ‘probably’ isn’t accurate.

[hearty cradle]

https://tenor.com/view/wtf-is-that-confused-gif-14675917

[odd brook]

Your missing my point, in short: the bull argument he gave doesnt make sense.

I think its good to say that land will potentially get more utility and/or more gameplay value. But I dont think it is fair to say that we "could" see % yield increase for land.

[fallen nymph]

You don't think a yield increase is possible?

[odd brook]

No I don't, wen you consider that the yield from land in total will be about 5% of the total 100% of revenue.

Knowing that the ilv mcap fully diluted($5,572,996,274) accounts for 95% revenue distribution, we can extrapolate this to land mcap $5,572,996,274/95(=ilv revdis)*5(=landyield)= 293milj. for 100k lands. This is a very rough calculation but it gives you an estimation of how much that % yield of land has an effect on land value. so if ever it gets changed, I think it will be down instead of up. And I hope we take these sort of metrics into consideration wen deciding on starting prices for land.

[hearty cradle]

how much is the total price of T1-T4 lands? cmiiw it's around $500m

[lofty cape]

The one thing you have to keep in mind is the unknown value of the Blueprints and what players will pay for them

[hearty cradle]

ok i calculated the rev based on original proposed price.
Its starting from 41,320 eth or $118m

[analog inlet]

@high sleet i would personally never agree a fight any iip that tried to change the % rate. of IZ . its a mobile mini game if you want more rev stake.

[hearty cradle]

or an IIP to increase the +-25% price range

[civic quartz]

I think land sale isn’t the time to buy after is to see what it does

Everyone’s going to buy and don’t know if the land is going to be beneficial. The real question is how long will it take to make profits on your initial investment, I think the land price will go down. Usually it happens

[cyan dew]

actually lands are always go up shortterm

[hearty cradle]

do you have a reference?

[cyan dew]

and longterm too

[civic quartz]

But what goes up must come down

Long term will go up but short I’m not too sure to be honest there will be a lot in speculation

[civic quartz]

No I don’t this is based off my best judgment on metaverse games it tends to happen. Look at axie for example

[whole dagger]

Yo guys, was wondering if the illuvium Zero and main game will be accessible from the same account ?

Or do you need separate accounts / wallets

[reef echo]

You could mint a Mystic Axie land for 1 Eth now they go for an insane amount. How is that an example?

Genesis goes for millions..

[agile marlin]

so how many SILV2 will it be for tier 1 land plz, anyone know yet?

[spring jetty]

Around 1 eth would be my guess

[agile marlin]

is there an official price list yet (can't find it been looking for half hour 😛 )

[spring jetty]

There is not

[agile marlin]

ah okay thank you man

[civic quartz]

There wasn’t a point to where it dropped to .5 Eth

[reef echo]

The last speculated start price for a T1 was 6.4 Silv2 or 1.25 eth at current price, i think, but this is not official and i'm sure it will be a little different at the very least

[agile marlin]

ty sir

[reef echo]

Genesis went to .5? I do not remember that at all

[agile marlin]

that is helpful I am reading the docs now and found 0.5 eth for tier one at time of document written

[reef echo]

they talking about 2.5x that start price

[spring jetty]

So the lands value in Axie went up in time?

[reef echo]

I think a Genesis land sells for $3million now

[spring jetty]

Then iz will do even better

[hearty cradle]

i think you are talking about savannah

[reef echo]

Genesis is like our T5

[spring jetty]

Cos I think illuvium will kick Axies's butt 😆

[hearty cradle]

the floor is currently at 2.2 eth

[reef echo]

thats more then a 7x on mint and its down a ton

[hearty cradle]

exactly

[nova basalt]

what's better Lamborghini Diablo or t5 Illuvium land?

[hearty cradle]

https://tenor.com/view/hard-time-anchorman-will-ferrell-gif-10865476

[reef echo]

T5 no contest! but if you get a T5 you prolly have a lambo too lol

[hearty cradle]

T5 is prolly gonna be bought by polemos

[reef echo]

T5 worth a lot more then a Lambo just from a $$ perspective

[lusty bobcat]

Nobody could've predicted axie land would be as much as it is now.. Was pretty nuts

I remember genesis was a few eth only.. But you couldn't mint those..had to be lucky to get it randomly from the land boxes

[hearty cradle]

its all about utility

[fallen nymph]

We're speaking about two different things.

The 5% being referred to in relation to land is only for fuel production. The way I understand it, the balancer algorithm will do its best to maintain a 95%/5% ratio of DAO-generated fuel to land-generated fuel. Do I believe that it's possible land could possibly generate more than 5% of total fuel? Yes, because the balance will ultimately be determined by the DAO and with a well designed proposal that gets accepted, it could definitely change.

In relation to the total revenue generated by Illuvium overall, it's obvious that the revenue from land will be far less than 5% of the total.

[fallen nymph]

What's better, owning a really cool skateboard or a Starbucks franchise?

Make that a Starbucks franchise in a busy international airport terminal.

[humble lichen]

Where did you see this

[pure cloak]

Probably not

[hearty cradle]

one of their main rev is hosting sport events, and T5 has it's own arena. plus polemos is a close partner. The only question is if they can afford to pay it in a lump sum. and guess whats coming in Q2 ? PLMS ICO

[spark needle]

when is land sale?

[analog inlet]

no official date please continue to watch #📣〕announcements if you do not see the date in there it has not been offically announce yet

[high sleet]

Kieran has talked a lot about the potential for 10%... I didn't pull it out of thin air. I've looked at the numbers a lot and if you ignore blueprints for a moment. Once every land is in circulation 10% actually makes a tonne of sense

[golden cradle]

thank you friend

[vivid cipher]

T5

[vivid cipher]

I actually think it’s more likely to go to some whale and not a team or project.

[chrome elm]

definitely the skateboard, starbucks is not cool by any stretch of the imagination

[normal escarp]

Arcade is looking into the T5 land too, but we’ll see haha.

[sharp elk]

I’ve forgotten, but aren’t there more than one T5?

[placid musk]

2 will go for sale this sale

[sharp elk]

Yeah. Will be interesting to see how it goes. With all this unclaimed staking rewards built up, there will be a lot of people overbidding with SILV2, with the intention of a quick flip. I do really want a game to play till the main game launches. So I’ll probably pick up a T1 anyway I guess.

[little moon]

I really hope this isnt something thats being seriously considered, I think theres a lot of things that could be done to add value to land without taking away promised revenue from stakers.

It would be very divisive for the community to pit the interests of land owners and stakers against each other. I can easily see a situation where a proposal like this could be passed by one council pissing off stakers, but then stakers choose to elect a more 'pro staking' council next epoch and actually revert the change, pissing off everyone who bought land based on the revenue increase.

IMO it makes a lot more sense to set the revenue rate and stick with it. If people feel like land 'isnt worth it' they can just choose to not overpay for an asset with an undesirable return, or wait until extra functionality is added so they can benefit without needing to take value away from other community members.

[high sleet]

I agree with all of your concerns. What you need to understand is you can't set a revenue rate and stick with it. This has never been done before. It will need to be rebalanced and tweak in some way. We also have no knowledge of the sorts of revenue illuvium could have. This determines land roi 100%. It will need to be tweaked in some way. Pegging it to ilv or eth in some capacity would be beneficial

[sharp elk]

The price of land on the secondary market will find its natural level, with whatever the return ends up being. Personally I expect the investment return of land will be far lower than people imagine. It is intended to be a mini game first, with a small bit of interest second. I expect land prices to roughly halve after the auction. But we will see. There are few hard numbers to justify any expectation right now.

[little moon]

Oh yeah, I obviously didnt mean set a fixed amount of revenue, I meant keep the 5% of fuel target. There is a LOT of leeway for balancing without needing to double the amount of fuel produced by land.

[ivory bough]

Would be interesting to see how much ETH can one land generate per week or month.

[jagged brook]

Sounds like an alternative form of proof of stake mining 🤔

[ivory bough]

We'll see how much you can farm and how much you end up with.

[harsh dew]

Yes, I wonder what will be the price range of 1 Fuels +-25%.
There a leak in the last ILZ video from Matt, but it's not official numbers.

[potent dock]

I still think people are sleeping on the amount of value Blueprints could provide. Skins are a big deal.

[harsh dew]

It's all depend on how bad ass they look! 🧐

[little moon]

Yeah skins are over 50% of the revenue for a lot of games. I hope some of the blueprints are rare enough that we end up with a few 1/1s.

[regal trout]

there's no hope

[viscid solar]

Aren’t community already pitted against each other thru such entities as ETH lizards tho? Even Sacha and Jeff stepped down because of Polemos, a bold move I applaud even tho our guild embraces Polemos now. But my point is Kieran had voiced numerous times that he loves the idea of say a fuel war or other commodities being controlled by certain groups or owners, and the balance of that dynamic changing over time. So, it seems innate to Illuvium what your concerns are. There’s always going to be insiders like lizards and their secret little clique, versus the vast majority of Illuvium’s “outsiders”, whether it’s that or land owners vs stakers. Just be diversified

[analog inlet]

i don't agree with that. 5 % is the number whether or not there that turns out to be X low or Y high. the number %5 or the variable rate 25% ** should not change for any reason** .

It should just be "Part of the risk" of buying somthing site unseen it may work out in the landowner favor or not. Nobody else should have to pay for it if it turns out to be "not"

[little moon]

Yikes do you do anything besides fud other groups these days?

[whole spear]

Honestly I don’t think that they said that’s why they stepped down… and I don’t really see how ETH Liz as an insider clique when anyone could buy one? Nobody is an outsider we are all Illuvium

[little moon]

Huh? Not how what works? It’s been clearly stated many times that the goal is for land owners to produce 5% of the fuel for the main game. All I’m saying is that I think it would be bad to change that target in the future because it means rewards paid to stakers would be reduced in favor of land owners.

[analog inlet]

your wrong it has EVERTHING to do with fuel produced

here is how the revenue for land owners will actually work

its 100% NOT passive

its based on in game fuel sales ONLY nothing else

Just clarification you do not sell it to market individual landholder earnings are a stable "5%" of total are earing as simply based on what that individual landowner can produce.. So there is no peer - peer sales or any "competition" between landowners for the "best price"

example:

1 landowner only produced 1 unit of fuel to swap to the balancer they get whatever 1 unit is worth in ETH

if another land owner produces 5 units they get whatever 1 unit of fuel is worth when swap to the balancer x5 in ETH

so it really does not matter how many plots of land are active as the DAO produces 95% of the fuel so there will never be a "shortage"

Revenue Distribution ( from the draft form the IIP land sale)
Land owners will have the opportunity to earn revenue from players in the main game through novel use of a Balancer multi token Weighted
Pool. They will do so by swapping fuels they generate in game for ETH.

On the other side, players in Illuvium will swap ETH* for fuel, which is used to complete all transactions in the game except for IlluviDEX trading between players.

The target will be for land owners to be able to earn approximately 5% of the total revenue generated from in game purchases in Illuvium.

This is achieved by the Illuvium DAO swapping 19 fuel for every 1 fuel swapped by players of Illuvium: Zero.

that's where your misunderstanding if plot x produces 1 fuel an plotproduced 10 fuel. they will not make the same $$$

its been said when 100k land is out it still will be 5% / 100000 based on fuel prduction of indivual plots

[little moon]

I think everybody has been talking about percentages the whole time man 🤣

[plucky venture]

I would assume the DAO is not going to run another land sale until they feel like there's a reasonable saturation of the game in terms of players (aka fuel consumers).

Unless they have some future application for land, which they have said they would like to do. However, future applications are all speculation from the perspective of today ...

[analog inlet]

the have said all 5 x20k land will be sold in the next couple of years i would expect 2 - 3 this year an 2 next year an if not 3 this year or next the 1 in the third year.

we been told every game produced will use fuel in some way

[little moon]

Also this is incorrect I think. the fuels will be traded on a FUEL/ETH pool. Which means they should have a defined value in ETH.

Are you using this message where I talk about 5% of fuel to try to prove I wasn’t talking about percentages?

[plucky venture]

They have said it is unlikely to have a second one in the first year. Also, none of this contradicts what others are saying. The point of having a DAO at all is so that you don't have 20,000 dedicated, highly-invested players who's investment you simply negate for "reasons."

[analog inlet]

that is not true when the open beta was scheduled for march they were going to have one last year an one just before open beta

[plucky venture]

Kieran has said (somewhere - but what hasn't he said, really?) that at this point, there is "too much to do" to worry about the next land sale. They need to get V2, investigate Layer 2 scaling, get the game out, get Illuvium Zero out, get through the land sale ... etc., etc. So, that may have been his plan at some point last year, but I think the recent troubles (recent meaning back to December) have forced adjustment to that.

That said: MAYBE they do still run a land sale, but I can't see doing that or prioritizing it unless 100's of thousands of players (or more?) flood into the game and clamor to be land-owners. It's already the end of Q1, and there's still sooooooo much to do. It's hard for me to see them pulling it off given how much else has to get done.

As Mike Tyson so brilliantly put it, "Everyone has a plan until they get punched in the mouth." In January, they got punched in the mouth ...

[muted moth]

They’ve said the land sale was pretty much ready to go; sILV exploit just put a big delay in it. The plan is to run the sale as soon as people are able to claim sILV2 as rewards again to spend in the sale. Probably just a couple of weeks or so after staking goes live again. As far as we know, the IlluviDEX and everything to run the sale is pretty much done

[analog inlet]

imo your being extremely over dramatic in the amount of impact in the unfortunate event iz soes not succeed . at most if 100 000 player left and the main game has 1 million? is that statically significant considering the DAO producecf95% of the fuel

[plucky venture]

Sure. But, again, all of that is planning. Planning is very unpredictable when it meets reality. As someone who has worked in tech longer than most of you have likely been around: They have enough to do. Illuvitars, still more art on the first 150, overworld, changing the overworld battler experience into a different "catching mechanic," ... just adding up all the things I've heard these boys say in the past 6 months, you are talking about a project management timeline that easily takes two years, even if executed by the most competent people on earth. You have to market all of it (that takes time), you have to assume that people will want in on each opportunity, so you can't exhaust your market audience (limit key releases per year), etc., etc. The reality of releasing so much is incredibly tricky. Which is why this thing will go 1,000x+ if they pull it off.

Shit, it will do 100x if they fuck up half of it and the game is still fun. lol

[muted moth]

I mean yea they have a lot on their plate, but the things you mentioned (Illuvatars, art on the 150 etc.) are all done by the art team who are separate from those who would be working on the land sale

[analog inlet]

true time does tell all

[plucky venture]

Marvel doesn't release two movies to the theater at the same time. Pokemon doesn't put out 5 sets all at once. You have to understand your audience and what the market is willing to bear.

My point is to say that land sale is a thing they get to do 5 times, right? That's the goal? And if they only ever get to do it 5 times, don't you think it makes the most sense to maximize each successive run when there are fewer future options to do it again?

You can have parallel teams working on parallel products, but I can tell you from experience, you don't release it all at once. Your customers just can't handle all that. You have to stage the releases in ways people will understand. Or else it won't be that successful ... that's really the bottom line. So far, I think they have shown that they understand this at least THAT well. While there is a mad-dash to get out the 1.0 product on all fronts, I have zero expectations that everything following will be done the same wya.

[muted moth]

Fair enough, but it’s not like they are having the land sale, public beta, and illuvatar sale all in the same week. The land sale is just the next item on the timeline.

[plucky venture]

(Note: I'm a product manager at a Fortune "Global 2K" software company ... so, yes, I'm a "discord rando," but also, this is my actual day job as well. Take that for what it's worth. We only do two releases/year. Full stop. Now, it's not nearly the same market, to say the least, but we understand our customers and have to deal with the notion that they don't want to continuously deal with upgrades in our market. In fact, most upgrade once/year and do a "skip release" on one of our releases. Our customers are more likely to be other Fortune listers and government agencies, not ADHD gamers, so I understand the release cycle isn't the same. However, the "capacity" for your fan base to absorb your content is a real thing, and to max the success of Illuvium, I hope they take good measurements of that capacity.)

</ soapbox>

[arctic oriole]

any word on when theyll release more details on land so we can calculate hypothetical roi and break even time ??

[analog inlet]

there should be a new iip shortly after the announce ot of internal settled on a official sale date. you will not be able to accurately determined that as there are many factors involved

[vivid cipher]

It’s all based on the amount of demand. Because users in the main game need more fuel so they buy fuel. And more needs produced. There’s no way to say what the roi will be in advance. 5% of the fuel tokens is solid info. But there’s only estimates available for how much the demand will be.

[analog inlet]

@arctic oriole here is a description on how revenue will work if you have not seen it. #🎮〕illuvium-zero message

please note that as this is an auction meant to generate revenue and is not based on roi poential. sale price an "ROI" potential may not be the same

that is one of the factors . every piece of land will most likely go for a different price so every plot will have a different break point

[arctic oriole]

Thanks y’all 💯💯

[hearty cradle]

first i believe they will not do another land sale for awhile. land sales will be used to burn sILV2 and finance future projects/expansions.

second, i really think the allowed fuel price swings need to be increased. i dislike the idea of centralized/controlled supply of fuel by the DAO, i was hoping for a 100% free market of fuel, but this is not the case. Plus there is a finite amount of storage for fuel, we will be forced to sell it anyway.

[analog inlet]

I diagree with you on both points . i hope the do another sale to burn even more sIlV -2 out of existence before live an would be happy if the control rate was lowered and agree withthe dao having 95% of production to stop hording / price/ supply manipulation

[hearty cradle]

can you give your reasoning for the second point?

and for the first point, i cant remember exactly how much sILV2 is minted, but i did a calculation and the sILV2 supply is only enough for the 1st land sale? the dev prefer the land sale to be 50% sILV2 and 50% ETH (one of the interviews) And we also have illuvitar coming so, it should burn most of it

[analog inlet]

fuel is mandatory and i don't want it to end up being what the average action house is in most mmorpg.

[hearty cradle]

how does it end up in most mmorpg?

i play wow and FFXIV so i can confirm/deny it

[analog inlet]

i think your underestimating how much is out there. i don't know the circulation amount but i think both sales will only make a dent in the supply from what understand also the 50/50 thing is a hope they have no control over what the final % will be

[analog inlet]

overpriced extortionist rip off. I have played ffiv up to the end of darkess... its truly awful

[hearty cradle]

😂

i think we need to get you a land

[analog inlet]

https://tenor.com/view/doctor-who-gif-9137616

ill spend that money on more ILV for staking ty .

[spring jetty]

Why is that?

[analog inlet]

#💰〕token message <------imo much better roi for many many reasons

[hearty cradle]

we, as a community, will buy a land and give it to you

[analog inlet]

sounds sus 🤨 ill wait for that IIP to pass before i believe that unless there is a coalition of private buyer/ big whale just going to donate it to me

[hearty cradle]

https://tenor.com/view/evil-plan-evil-smile-fight-me-evil-raccoon-gif-13886764

[viscid solar]

I only returned 3 days ago after 3 weeks. I can leave for awhile again if everyone is so sensitive about each other comments. You obviously missed my posts supporting your comments other day 💁🏼‍♀️ but hey! Loris back! Let’s bash anything she says!” Even tho I was responding to FUD comment from YOU

[humble lichen]

What do you mean "Sacha and Jeff stepped down because of Polemos"?

Where did you see that

[empty path]

I think she means they didn't run for council again because they are busy with Polemos

[humble lichen]

That sounds less serious if you put it that way

Isn't "shiny shards" also* a guild? Isn't it hypocritical to bash groups/guilds but be part of one yourself?

[empty path]

This isn't the channel for this anyhow.

[humble lichen]

You are right : )

[empty path]

Always

[humble lichen]

Back to regular discourse, WEN?

[empty path]

soon

[nova basalt]

mb this week, mb next week..

[hearty cradle]

mb life is simulation

[placid musk]

Yes?

[cyan dew]

👀

[fair temple]

@amber atlas Since T0 lands will not be connected to the main game, will the F2P game allow you to choose which resource nodes you want and where?

Will the mobile app function as a normal game where everyone starts off the same (With a set amount of nodes at random locations), or can the players use it as a simulation for the actually connected NFT lands but with T4 production efficiency? This way you could already figure out where you want your buildings before you place them on your NFT land. 🤔

[amber atlas]

no, f2p works pretty much like T2 ... but note that moving Structures is free and we will create various views to help visualise and understand resource efficiency,

(we have one now such view/overlay, but will add more in beta)

[fair temple]

Awesome, it does make sense as well that you shouldn't have to rebuild an entire plot of land when the previous owner just had shitty placement 🙂
Thanks for answering!

[hearty cradle]

so if i made a progress in a land, and the land gets sold, does the new owner resume my progress?

[empty path]

Hmmm I acutally don't know about this one. Do you know @ivory bough ?

[ivory bough]

I'm not sure. As nothing on the blockchain ever gets deleted, idk if that's the case with lands being worked on as well.

[empty path]

Maybe @bitter glade knows? Seen this question a couple of times but I don't know.

[fair temple]

it was said that the buildings don't get removed.
https://discordapp.com/channels/760344898200666112/857471213513605140/934589843084820490

[empty path]

Oops, thanks

[ivory bough]

Told ya: rule of the blockchain

[plucky venture]

It's really a matter of what you want to speculate on. I have no intention of removing funds from staking (other than moving them to V2). I've racked up enough sILV to get a decent plot of land. My speculation there is that future games/IP based on Illuvium will have some ties back to it. I plan to have a piece of it even if it is really dumb for the first year because my experience in crypto is such that by the time you want it/think it is a good investment, it is already unaffordable.

[hearty cradle]

if we get refunded by demolishing buildings, the land should be empty before the sale

[wispy aurora]

I just hope when selling land/buying land that the progress on the land will show up before buying. That way the buyer knows how far that plot have come and the seller can that way earn more for selling the land if the progress somehow is displayed on the NFT/land when sold on the market.

[humble lichen]

The state of land is not on the blockchain, only ownership of land

But I think Johnny mentioned, the state of the land will be saved when other people acquire your land, it's just centrally saved

[ivory bough]

Yeah I was just pointing out the rule. Should have said it wasn't land related

[vivid cipher]

So my understanding is that EVENTUALLY the building progress will be saved through sales. But this might not be a featured that is active right away.

I’d pinned the post from 1/22 previously…

From johnnyA:
I'm really hoping there evolves a market for people who are really good to focus on building up efficient lands and then sell them on for more once the plots are updated. (noting that structure persistence between players/sales may not be implemented in first beta release) when you build structures on your land, and then sell it to someone else the end state is that, they would inherit all your structures (the structures would persist). there are some technical challenges there around things like research, etc (which can't persist for game balance reasons)... so I'm just saying we want this feature it will come out, but possibly not in the first beta release.

Original posts start here…#🎮〕illuvium-zero message

[hearty cradle]

hmm yea, the progress data is tagged with the NFT code, and it is saved on the server. to show buildings progress is a simple query.

what im interested is the research tree progress, i understand it is not a matter of being able/unable to query that info. i want to know why keeping the research progress through sales may break game balance

[bitter glade]

Progress kept.

[nova sparrow]

when sILV? 😂

[analog inlet]

never its dead

[nova sparrow]

😢

[analog inlet]

@nova sparrow sILV-2 took its place

[nova sparrow]

took its place and killed its worth

[hearty cradle]

how about research progress?

[analog inlet]

silv and silv-02 have the exact same "offical" worth $0 out side the illuvium ecosystem and all sIlv-2 is still=<market value> ILV at the time of this post is $568.22 inside illuvium ecosystem

[royal coral]

Guys do you have some info about when land sale?

I can’t wait anymore 😂

[muted moth]

Should be a few weeks after staking is live. No date set, but I would assume not until Mid-Late April

[royal coral]

And for the staking v2 have we some official date?

[muted moth]

Just was approved by council, so I am hopeful we can get started with upgrading this week. But no official date, no

[nova basalt]

soon..

[analog inlet]

there is still a bit to wait before v2 is live. first there needs to be an

1. upgrade announcement #📣〕announcements ( unknown wen) (manual action that will cost GAS)
2. then waiting period 1 week (wait period was cut by 50%)
3. v2 will be live ,<---- this is where you will be able to claim, stake , withdraw etc etc

if you unstake /withdraw any amount before live you forfeit anything you would have received during the pause

see this for more info ignore anything that say migration its been removed and is irrelevant now.

[royal coral]

Ty very much 🚀❤️🔥

[warm moat]

Still dont get it. I have changed my ILV into sILV only because announced landsale in January. It is mid March, no date given and I have almost worthless sILV2. Why there could not be some kind of certainty, like July, November or next year, but some kind of reliability.

[muted moth]

It’s crypto lol. Nothing’s reliable

[analog inlet]

there has never been an offical date only estimates some times estimates need to be re estimated.

silv and silv-02 have the exact same "official" worth $0 out side the illuvium ecosystem and all sIlv-2 is still=<market value> ILV at the time of this post is $562.28 inside illuvium ecosystem

[warm moat]

@muted moth Hope that realiability has some worth in Polemos 😘
@analog inlet copy that sir, thanks for your time.

[plucky venture]

Oof. Bad timing. Been there, done that. This one time, people convinced me that $SUSHI was a scam and I sold thousands of them at $0.21.

[fleet summit]

where to get silv againe?

[umbral badge]

Team have sorted the sILV hack and launched sILV2
Team have sorted the IIP for the extended lock. So that is out of the way.
Team have just done the IIP for the Staking V2. so that will launch shortly (I am thinking end of this week)

Based on previous discussions and theories, it is expected that there will be 2 weeks allowed for people to deal with the Staking V2, and for Mods and Team to focus on assisting people with their queries on the Staking V2.

THEN I expect that the Land sale will be next.
If I had Troll like blood as Aaron seems to have... I would Announce the upcoming LandSale on April 1 (just to shit stir people with the April Fools Day thing) and for the Land Sale to START on APRIL 15.

Illuvitar sale I would expect it will begin MAY 1, just before the Survival Mode is launched as PreOpen Beta (because obviously people will want to be rocking their Unique Pimped up Illuvitars when they getting those high scores!!)

and I believe Openworld is aiming for early June

[umbral badge]

Uniswap.
and you only want sILV2, make sure you use the correct contract address

[fleet summit]

kk thanks for that information

is silv2 still having more buying power than ilv for land sale?

[analog inlet]

fyi the upgrade period has been officially reduced by Aaron to 1 week

[umbral badge]

oooh nice.
thanks for the info.

[analog inlet]

#🎮〕illuvium-zero message

[umbral badge]

Land cannot be bought with ILV.
needs to be sILV2 or ETH.

sILV2 will have the purchasing power to match the ILV price.

[fleet summit]

@umbral badge what does that mean? Should i get silv2 or eth?

[umbral badge]

sorry mate, no one should give you financial advice.
and I have to be honest and say that if you cannot yet understand what the above means... I am not sure you should risk it by buying into something you don't understand the risks of

[plucky venture]

^ not to pile on, but there are lots and lots of YouTube videos, Medium articles, Discord posts, etc., etc. where you can figure out which one works best for you. For me, it is Silv2 because I am using my Eth in the Sushi staking pool. There's no one right way to answer your question ... You have to do that for yourself.

If you run into concepts that are confusing (like impermanent loss), I'm sure most of us will be happy to answer and help you navigate the vocabulary. Or if you don't need that and you were just looking for how to get richest the fastest, there are plenty of folks on YouTube with fancy spreadsheets and explainers on how they plan to maximize their profits from Illuvium. Which is another decision: are you going to stick to Illuvium zero? Are you also going to play the main game? We're all here for different "play" vs "earn" ratios, too.

[lapis ledge]

I really can't wait for Land to launch. I just wanna try the product alr 😂

[undone phoenix]

Looks finished. Release this week?

[hearty cradle]

https://tenor.com/view/family-guy-funny-i-want-it-now-destroy-everything-messy-house-gif-15213216

[teal garnet]

So I assume the land sale hasn't been announced yet?

[empty path]

It has not, waiting on the launch of staking v2 first

[teal garnet]

The announcement said V2 staking is live though

[analog inlet]

there is still a bit to wait before v2 is live. first there needs to be an

1. upgrade announcement #📣〕announcements ( unknown wen) (manual action that will cost GAS)
2. then waiting period 1 week (wait period was cut by 50%)
3. v2 will be live ,<---- this is where you will be able to claim, stake , withdraw etc etc

if you unstake /withdraw any amount before live you forfeit anything you would have received during the pause

see this for more info ignore anything that say migration its been removed and is irrelevant now.

[teal garnet]

Thank you 🙂

[hearty cradle]

https://tenor.com/view/hey-squirrel-me-calling-my-friends-gif-20242281

wheres the video??

[safe crater]

Sorry for noob question: Is a new silv already live? cant ind it

[hearty cradle]

you mean sILV2? you can swap it on the official web

[safe crater]

Yes thank you :)

[safe crater]

I can only see ILV

[empty path]

Jaganite actually helping people 👀

[hearty cradle]

https://tenor.com/view/i-am-a-generous-god-xerxes-300-youre-welcome-gif-19690831

[safe crater]

Ty you're a good guy :3

[hearty cradle]

you are welcome, mortal

[safe crater]

But thats claim only right? i have no ILV staked sadly (fcking eth fees). So i cant buy silv straight away right now?
I call upon thee to help me once more. I shall sacrafice a goat

[hearty cradle]

you can swap ETH for sILV2 on uni

[empty path]

No need to sacrefice a goat, there is an pool on uniswap. You can find the contract in #🔗〕helpful-links

[hearty cradle]

https://tenor.com/view/kiss-the-ring-gif-14191591

hey fraggy do you want to know my lore?

[empty path]

#799010390201466880 😅

[hearty cradle]

https://tenor.com/view/sad-baby-cry-tears-cute-gif-17855976

[nova basalt]

can someone buy all the lands at once for sILV2 and then sell them on Opensea for ETH?

[hearty cradle]

the auction is done in stages

[unborn pilot]

Also if lands were all bought at starting prices it'd be like $230m worth in buying power. Don't think there's anyone with remotely that much SILV.

[hearty cradle]

sILV2 supply is at around 100k, thats only enough to buy half of the 1st batch, assuming the original proposed price

[spring jetty]

Wouldn't there be more when V2 drop?

[pure cloak]

Yeah probably

[sudden olive]

Is it possible to sell silv2 anywhere? Is there a market?

[empty path]

Somebody made a pool on uniswap. This is not made by the team.

[hallow patrol]

Is it known of how "much more" efficient lands are compared t1 and t2? T2 and T3?

[tawny wasp]

yes it is pinned.

[empty path]

#🎮〕illuvium-zero message

[hallow patrol]

So in short, t2 is 3x better than t1 and t3 is 3x better than t2 💩

[humble lichen]

based

[umbral badge]

Just my own interpretation of different vibes in the community

[humble lichen]

exactly, but it's thought out perspective

[tropic shard]

But they said it will raise 1billion. People will be selling their houses, kidneys, children to get some of this land. It produces 5% of the fuel don’t forget.

[hearty cradle]

😆

[little moon]

What are we speculating over Tier 4 land prices? $1M USD?

[marsh sage]

This is a little old but probably the best guess at current (far right prices)

[little moon]

Brilliant thx.

Couple of Tier 4 spots right next to each other, I think they will be the smart play.

[placid musk]

https://tenor.com/view/mae-do-marco-mãe-do-marco-gif-20779134

[echo ocean]

damn is land sale happening soon or what. zzzzzz🐢

[empty path]

Land sale is probably for next month

[royal coral]

At the mid-end?

[ivory bough]

we'll know whenever V2 is deployed

[royal coral]

Can I turn off the direct message from the discord polemos and illuvium for the giveaway of 100 NFTs , or have I to wait until the giveaway is ended?

[ivory bough]

i you successfully sent your wallet address, you can turn off the DMs

[south belfry]

really hope not, just change public auction to the left side and be done lol

[marsh sage]

The risk is that it becomes a gas war and everyone is losing in that instance. Better to start prices higher and let them fall than everyone trying to buy as soon as an auction launches and losing hundreds to GAS fees.

[south belfry]

im actually tired of the gas war argument honestly theres been optimizations in contracts to make gas cheap, ive minted nfts for under 20$ recently and even dutch auctions like the recent jrny one didnt have a gas wars even though everyone was minting at once

[marsh sage]

Then it just means that you’ll have to wait a bit longer into each hourly drop. It doesn’t really matter if the price starts out ‘too high’ and then falls further or if it starts out lower and then doesn’t fall much at all. People will still be buying at the same rough prices

But if it’s truly lower than people are willing to pay that is an actual problem

[south belfry]

i think people are tired of the whole dutch auction deal and starting it so high for no reason just puts a bad taste in peoples mouth

[analog inlet]

there will be a new IIP probably released when the have a official date in mind the staring prices are most likely going to be higher than those listed as when the old iip was released there was a big discussion an the community consensus was the** prices were way too low** so in a sense the iip was rejected which is why we are getting a new iip draft at some point

[south belfry]

with planet xolo it started at 2eth (which was ridiculous) and the lowest was .069, it minted out at .12 and .069, was really just a waste of 4 hours and got some people to buy at .5

[marsh sage]

Fair. I think the 2 hr time cap here will help plus the fact that they’re launching every hour in batches over a 3 day window

[south belfry]

I also find it really hard to belive there was such a community consensus because those are pretty whalish price points for a set of 100k items

[marsh sage]

The community virtually all want it as high as possible. The proceeds come back to us through revenue distribution

[south belfry]

this other argument is flawed because its most likely going to be 90% SILV2 purchases

I see the T5 possibly selling in eth but those are just a bidding war no set price

[hearty cradle]

no

[analog inlet]

i think you are missing the point of the auction . the point being it supposed to raise as much money for the DAO/ stakers as possible -

**NOT ** be inline with roi/investment or be "fair" to the so call "average person"

[marsh sage]

Then it’s still increasing the value of ILV as much as possible by burning them for the sILV2 used. Still a value to the token. Just maybe not as much in the short-term

[south belfry]

i get the rev dis but when silv is half the price of ILV why would someone buy land with eth

[hearty cradle]

because the sILV2 supply is only 100k

[marsh sage]

I think your feedback on everyone just sitting and waiting for price to fall for hours on end is a good one. I’m trying to make sure I can get some days off so I can watch at better times of the day/night for that reason.

[south belfry]

no ones able to claim their silv rn so that number can go up 50% if people claim

[hearty cradle]

give me a number

[analog inlet]

even if it is 100% silv-2 there will be no revdis at all but all tha sILV2 will be burned out of existence lower the total amount able to even exsit in the future 'permently which is also a very good thing

[south belfry]

sure it helps burn it faster but it brings the argument around in a circle "the land is so high for rev dis" to "well thats good too"

[analog inlet]

exactky there is no way too lose either way

[south belfry]

well if its 100k 50% would be 150k

[hearty cradle]

The 1st land sale total value is minimum at 43k ETH, tell me 90% will be bought by sILV2

[south belfry]

thats a strong statement assuming the project exceeds all our expectations and lives on for 5+ years and people actively want to play

[marsh sage]

I would say the higher the value of the land sale then the better value to the project and community all around. Whether that’s accomplished through ETH and revdis or sILV2 and burning ILV tokens doesn’t seem to matter all that much. Those sILV2 will be spent in game later if not used now so it’s just a timing question.

[analog inlet]

even if it does not your assuming the there is only going to be the 2 ips...there will be many

remember revdis are 100% on every single $ the dao make from any source for the life of the dao

[hearty cradle]

the maximum amount of total land value that can be bought by sILV2 is 67%, assuming 150k of sILV2 is used

[analog inlet]

that is assuming ILV does not ATH between now an the land sale

[hearty cradle]

and assuming people bought lands at the lowest price

i dnt think he's staked, at least not enough 😉

[dreamy mist]

Hello, are there any new Infos about prices or still same...

[pure cloak]

If ILV is at ATH then the price of ETH has probably gone up quite a bit as well so the % that can be bought with sILV2 does not increase gigantic.

[analog inlet]

how does eth have anything to do with sILV 2 buying power ???

my point was (this very is unlikely) if ILV would ATH which would mean over $1900 (which was the ATH last year) each sILV-2 coin would be worth over $1900 EACH that is huge rise in buying power per coin $1900 x100 000 sILV-2 estimate = $190 000 000 in total buying power.

[royal coral]

Do you think guys can I get 100% a t1 with 4 sILV2 right?

[hearty cradle]

no way

[ivory bough]

no way to say atm since the prices might change. but with ILV at this price and T1 stating at 0.5 ETH, T1 yeah, you can buy, maybe two. But not clear now.

[empty path]

You really think they will keep current prices?

[ivory bough]

I personally don't think so 🙂

[royal coral]

I hope they don’t raise the price !!!

[hearty cradle]

okay

[empty path]

I think they will listen to the community and raise the price and then 4 sILV2 won't be enough

[ivory bough]

Probably. Not clear yet. You can check with the chart https://docs.google.com/spreadsheets/d/18u7qTwcm7EJNt0sW3YrZ19-W0U8-ta5uTMBpz9LzEAI/edit#gid=1624078536 and change the prices and see what they will look like given a specific time.

[marsh sage]

I agree with the comments above. 4 sILV2 is probably going to be on the border of a T1 depending on how the sale goes. That would be close to $2200 at the moment or .7 ETH. Doubtful that it starts that low but might be enough to buy in depending on time of day and so forth. But for sure is not ‘guaranteed’ to be able to buy a T1.

[royal coral]

How much do you think we need MINIMUM for a t1 and a for a t2?

[placid musk]

read up, the whole discussion is about it

[pure cloak]

If you can read then you know that I didn't say anything about ETH having anything to do with the buying power of sILV2. I have said that probably as the price of ILV goes up that the price of ETH has also increased and because the prices of land have been put in ETH so that means the %(percentage) what can be bought with sILV2 does not go up extremely.

[royal coral]

Sorry bro !

[analog inlet]

that's a supposition. you basically saying if the land sale was held today at $587.9-usd value or the land sale happened at $1900usd value tha is not a significant % difference in buying power??

wow ...just wow

[pure cloak]

Brooooooo I never said that.💀💀💀

Do you expect $1900 ILV to be somewhat realistic if the price of ETH does not rise? I look at what can realistically happen and from that I make an expectation of what can or will happen. You are going to link me with unrealistic thoughts that make no sense.

[analog inlet]

honestly your doing that yourself...im just going to walk away from this paticular ...discussion point....

[boreal barn]

wen land

[pure cloak]

BS again.... I'm glad you also want to end this discussion because I was already planning to stop this discussion because there is no discussion with you.

[analog inlet]

https://tenor.com/view/thats-some-funny-shit-thats-funny-thats-hilarious-thats-amusing-entertainment-gif-15029335

[dreamy mist]

So still no infos

[south belfry]

I’m staked enough lol don’t worry

Here’s the other thing, if the prices are increased and the 2hour timer for land stays the same it’s gonna be even more volatile on the way down decreasing in price the steps are going to be pretty significant for example from 20eth to 18eth on the next step so it seems kind of pointless to just jack the price up if it’s just gonna go down instantly

[hard lynx]

Hey all, do we have any idea when we can buy land with our silv2?

[analog inlet]

https://tenor.com/view/witch-crystal-ball-fortune-teller-gif-14283208

no official date please watch #📣〕announcements

[south belfry]

If you really wanna get some rev dis in the game and burn the most silv possible then the drop should be doubled to 40k land, with there being so much that would also reduce gas because people would be fighting for 40k items instead of 20k

[echo ocean]

wen land sale

[analog inlet]

https://tenor.com/view/witch-crystal-ball-fortune-teller-gif-14283208

no official date please watch #📣〕announcements

[steel breach]

Okay I'm sorry this is a stupid question but where do I convert my silv to silv2

[analog inlet]

#📣〕announcements message

[lost sequoia]

Is there more info on how the differ tiers work for the land?

[mental niche]

#🎮〕illuvium-zero message

Prices will most likely change

[lost sequoia]

Thank you!

The landmark is a little confusing but I’m sure more will come out

[balmy turret]

when is the land sale?

[fathom ridge]

soon

[nova basalt]

soon..

[hearty cradle]

but wen

[empty path]

soon

[vivid cipher]

If I weren’t a mod I’d share a date that’s my wild guess at wen.

[empty path]

Aha, land sale next month

[amber flower]

GN fam

How can I get the price oh the land

[empty path]

You can't, the starting prices of the dutch auction have not been announced yet. The previous proposal got declined by the community

[hearty cradle]

can we roll an IIP on land price pls?

[empty path]

Sure

[molten mulch]

why ?

[hearty cradle]

to prepare the bag?

[analog inlet]

its been stated the iip will come out closer to when hey have decided on a specific date for the sale

[lofty cape]

Cost is also relative to ETH and ILV price for land

[pine prawn]

well , i wouldnt be able to believe that 10 silv wont be enough to get something at least regardless of if the prices change so i should be good i guess

[lofty cape]

If ETH spikes and ILV does not move it will be rough

T1 I would go 5 sILV2 around there

2 ETH start should be about right

Selling for about 50-70% give or take

[hearty cradle]

10% leeway is enough i think

[lofty cape]

T1 and T4 imo will be the first to go

[analog inlet]

FYI: the staring prices you are referring to are old in the new IIP the prices are most likely going to be higher

[lofty cape]

Whales that cannot get a T5 will go T4

Old price was .5 for T1 I am saying 2 ETH

[hearty cradle]

2nd day youll see lower prices

[lofty cape]

Just 4x the old prices and see where it lands

[vivid cipher]

Does seem likely. But the next day will see the floor and start going back up I’d think.

[hearty cradle]

pun intended

[hearty cradle]

ill see you on the floor

[plucky venture]

The 1,000th wallet holds 11ish Silv2. I would be surprised if you couldn't get something for 10, but it really depends on 2 factors. (1) How many bids are made in ETH, and (2) how many whales/guilds try to buy up a whole megacity worth.

[slow cedar]

But this ignores how many people are earning sILV as staking rewards but haven't claimed any yet (although I agree that if supply is 20k lands 10 sILV is likely to net you t2+)

[lofty bramble]

There's 1000 wallets that hold more than 11 sILV!? Oh damn I'm definitely not going to have enough to get land 😅

[plucky venture]

True.

[plucky venture]

It's a blockchain. Etherscan is fun, sometimes?

(not financial advice, but ...) You can always put up some stables or ETH and put it into a self-paying loan on Alchemix. Then use that to buy some extra silv2.

[vale tendon]

hello, is there any information about the rules for purchasing lands somewhere? Will someone help how to prepare? will there be any WL? do you need to register somewhere?
please help. thanks !

[plucky venture]

No WL. Probably everything else you want to know is pinned at the top.

Also, "subject to change without notice." (Or not much notice, I guess - the DAO still has to vote.) Nothing is final-final, so none of us know exactly how to prepare, either.

[vale tendon]

thx mate

[lavish creek]

is there any info on how long after the 1st round of land sale when the remaining 80k lots will be released

[empty path]

If I remember correctly, Kieran said they would be sold over 2-3 years. So about 20k plots every 6 months

[lavish creek]

Tks - appreciate it

[abstract knot]

10 Silv2 for a t2?

[coarse wave]

weeennnn

GoG released alpha wen IL:Zero. Lets join the hype train. Even DFK is hyping hahaha

[south belfry]

Like I’ve stated before, they should release 40k with this sale, would use up all the SILV2 supply and promote ETH purchases for the dao. Would also give more options to choose from to reduce gas from people going after the same spot because of more variety. We’ve also been “1 month away from land” for 6 months now so wouldn’t it be better to gather data and refine things if there’s 40k spots out producing fuel and what not

[hearty cradle]

The 2nd sale prolly next year

the idea is to burn sILV2. There is only enough sILV2 to buy half of the 1st land sale.

[coarse wave]

I'm buying with eth so it's fine

[hearty cradle]

and also we got illuvitar coming

[celest dagger]

Guys when is land sale happening?

[tawny wasp]

Hopefully 2 weeks after rewards start. Maybe around April 14th. Total speculation

[celest dagger]

Thank you
And are land prices announced?

[tawny wasp]

No not yet, soon lol

[south belfry]

Dang spend more than you need to silv is 1/3 the price rn for more purchase power

[fierce glen]

where can we find the sILV2 contract? @cosmic aspen

[south belfry]

I’d expect the price to go down more with people claiming though the day and wanting to get liquid

[tawny wasp]

#🔗〕helpful-links 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[fierce glen]

thank you

[barren barn]

Any fresh news about the pricing for the lands?

[analog inlet]

not yet

[prisma swift]

Do we have an updated prices on what land will be?

[analog inlet]

look at the post above yours

[hearty cradle]

Wen

[empty path]

soon

[hearty cradle]

😠

[winged anvil]

Wen landsale? Hopefully not too soon, I spent all my lunch money on lizards

[analog inlet]

no offical date

[lofty cape]

Should be within about two weeks based on conversations

Finally V2 is live and players can stake on March 31st

But can get rewards now for sILV2 or ILV ❤️

[sick trout]

Sry guys for asking a question that has been probably asked a thousand times, where can i find the latest projected prices for all tiers of land?

[hearty cradle]

nowhere

[analog inlet]

new iip not released yet

[empty path]

https://tenor.com/view/soon-gif-19121692

[sick trout]

My dilemma is the following, based on the information that i saw somewhere... I have about 5 ILV in pending rewards and now that we will be moving to Staking V2, i have to claim my reward as ILV or sILV2. I was hoping to buy a piece of land but i fear i wouldn't have enough? What you guys think?

[empty path]

Hard to say but you should at least be able to get a T1 I guess

[tawny wasp]

You can sell it or buy more. its pretty cheap right now

[sick trout]

You mean ILV, sILV2 or land?

[tawny wasp]

silv2. It dipped down to 155 earlier and it may dip down there again.

I have been buying in small batchs got 5 for 160 each. More than tripled my buying power.
Not financial advice

[sick trout]

Obviously for educational purposes! but on what exchange, on could acquire sILV2? i checked on sushi and binance

[tawny wasp]

https://www.dextools.io/app/ether/pair-explorer/0xef9a9283440b2d7efb9c7dcc17e94e234d5ccccd

make sure to go through uniswap I lost a huge gas fee when it was at 155 trying to buy on dextools

also check the contract it should match: what is in #🔗〕helpful-links 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[tall yew]

Hi, i can't seem to find the paper in the following youtube channel in pinned messages, and i have a new pc so i don't have it saved, any one knows where to find it? https://www.youtube.com/watch?v=-Ps2aYougzo

[sick trout]

Thanks ill check it out

[civic quartz]

Remember silv will be 1:1 towards ilv token so that basically a steal

Not FA

[sick trout]

i love all the non financial advise disclaimers lol, you guys are the best!

[distant lodge]

did anyone update the calc spreadsheet with the silv2 contract info ?

[south belfry]

Well from the looks on what they want to do is they’re gonna price a lot of people out like you in this situation depending on what they determine prices to be, might still be able to get a T1 though

[tall yew]

That isn't nessesarily the case, they are having a dutch auction, guys like us still have a chance if it goes down enough

[south belfry]

Possibly, would have a for sure chance with the old proposed prices and 5 silv

[lofty cape]

It is the wild west of crypto and defi in general 🙂

[south belfry]

Doesn’t justify pricing out your investors lol

[hearty cradle]

vegemite?

[calm zinc]

axies latest monthly revenue is 300 million. ilv zero gives 5% of revenue back to landowners. 300 mil * 5% / 100,000 lands = average $150 monthly revenue per plot. would this be a fair guess?

[gusty copper]

When I look on sILV transactions on dextools I see some suspicious activity, like on page 5 it shows some ETH got drained.
I get flashbacks from early January 😐

[hearty cradle]

no

[potent dock]

You'd want to split it up by Fuel sites per plot to get a better idea, but yes, assuming every plot had an equal number of Fuel sites, and all revenue was from Fuel, this would be correct.

You'd also be assuming all Fuel Sites were producing Fuel at an equal rate, which also will not be the case.

(Cause you gotta actually interact to collect Fuel)

[hearty cradle]

what the fud(ge)

[gusty copper]

Fud or not, I'd gladly know more about it

[hearty cradle]

tell me more

[tawny wasp]

Lol Weth/Silv2 it top 9 on dext tools right now

[calm zinc]

what's the other revenue that won't come from fuel?

[potent dock]

Anything that isn't Fuel related (Merch, Illuvidex fees, movies, plushies, anything like that).

[lofty cape]

1 sILV2 is at $162 now... figured with rewards a lot would sell off

[grizzled remnant]

where can we see how many sILV2 supply atm ?

[cosmic aspen]

he;s probably talking about sandwich bots, which are external and happen to any dex trades that set slippage too high

has nothing to do with illuvium

[hearty cradle]

in my bag 😂

[lofty bramble]

Is there plans for large marketing for the land sale?

[hearty cradle]

neva

[lapis ledge]

Wen land now that v2 is live 😂

[lapis ledge]

Don't we only have 20K plots at first? Is the expected 300M monthly revenue just from fuel the number when game launches or aftee X months?

[potent dock]

I don't think you should expect 300M in the first few months TBH. I personally stay well clear of speculations about revenue. I'm more of a "wait and see the data" kind of guy.

[lapis ledge]

Okay. Thanks for the opinion. I agree with you too. It's too early to say...

[little moon]

Has the appearance of the land changed, I thought it would look like a star craft looking world where you farm the materials, but the website has these simplistic squares with little dots of color

[muted moth]

What website? Land isn't posted anywhere online yet

[little moon]

Is plots different from land

[muted moth]

What do you mean?

[umbral badge]

the word Plot and Land in this situation mean the same thing.
Plot of Land

[little moon]

On the official website on the main page if you scroll down to the trading on the market place tab, you will see an example of illuvitars, illuvials, and plots, and the plot is this pink blue and ombré square with little colored diamonds

[faint lake]

So guys what's your take on land vs revdis?

[muted moth]

Oh I see now. That is just what the NFT image is going to look like. The land itself in game will look much more detailed. I'll link you to a good picture in a sec

[little moon]

Oh, thank you so much

[muted moth]

#🎮〕illuvium-zero message Here is a video of what the land looks like.

[umbral badge]

I will Answer and Not Answer that question.

With the amount of Staking rewards I just claimed, if I had claimed it as sILV2, I would have been able to buy a 2nd T4 land (I already have put aside funds to buy 1x T4).

But, I claimed the rewards as ILV instead.

hope this helps

[faint lake]

Funny you say that because I wasn't going for land but clamed silv2 by mistake 😆 so here we are

[umbral badge]

well, remember sILV2 is not just for land, but will also be used for Illuvitars, and in game purchases.

So if Land is not your cup of tea, hold it for 1 of the other sales.

additionally, there is always the uniswap secondary market, that you could sell it on.
I am presuming that price of sILV2 will rise during land sales, as people realize they can buy it cheaper there
thus that should provide the market for you to sell your accidental claims

[stray reef]

Where can I find the land prices for the auction?

[umbral badge]

they have not been released yet sorry.
Also it will be a dutch Auction system, so the prices that ARE eventually released, will only be the STARTING price, and reduce from there

[stray reef]

Then how did you calculate how man sILV you need for a T4 land? ^^

[umbral badge]

if you scroll through the pinned messages, there should be some previous notes and calcs on it from the Previous IIP regarding land prices

[stray reef]

ah, ok. ty 🙂

[umbral badge]

#🎮〕illuvium-zero message

[stray reef]

Got it. ty

[calm zinc]

will the land sale and land game release happen around the same time? or land gameplay is a long time out?

[umbral badge]

Land Gameplay (Illuvium Zero) is expected to be available immediately after the Land Sale.

[lapis ledge]

Wen land wen land wen land.

[stray patio]

I'm thinking we'll see the IIP for land and another one for Illuvitars soon.

[fallow sentinel]

Who here is buying up sILV2 for landsale?!

[lethal thunder]

🙋🏽‍♂️

[hearty cradle]

theres been 1k sILV2 purchases too

[glad relic]

37.89
sILV2

tier 3 coming

[hearty cradle]

https://tenor.com/view/too-much-caffeine-you-gotta-pump-up-those-numbers-those-are-rookie-numbers-in-this-racket-wolf-of-wall-street-gif-15579581

[faint snow]

how to buy silv2?

[cyan dew]

Uniswap (unofficial pool)

You need to add the token #🔗〕helpful-links

[silk shore]

Crazy!!

[umbral badge]

Not yet.
I am waiting to see if price drops to $150 as everyone claims sILV and sells it.
As many early investors were waiting to do that before staking was paused

[hexed abyss]

May be a couple of big sell offs but price back up to $190 from $170 this morning. So many more buyers. I think it will creep back up to $230 and hang around there again.

[heady dew]

ETA is now 2 weeks for land sale? since staking is released

[hearty cradle]

we wont see below 165

the ship has sailed...

[fallow sentinel]

I feel you but I think we are already at the bottom. We shall see

[tawny wasp]

Ya there was huge resistance at 165 i would buy now and hold

[hearty cradle]

yea, its quite impossible now that people who missed out had limit orders set at $170

[thin wolf]

Or 125😬

[nova basalt]

278 lands per hour, >100k buyers with this 170$ silv2.. and no gas wars coming?

[hearty cradle]

u be wasting gas

ill wait it out, im going in on 2nd or 3rd

[empty path]

If starting prices of the Dutch Auction are high enough, this doesn't matter

[hearty cradle]

how high is high enough?

[nova basalt]

if someone bought 1000 silv2 for a price like $50, can he theoretically afford to buy the whole lot no matter the price? and the one who received silv2 as a reward for staking will not be able to do this ...

[empty path]

Let's say the starting price for 1 plot of land is 1000 sILV2, then he would also have to wait for price to gown down or all his funds are gone after 1 plot

[vapid quartz]

Hello i have a question, i understood 1silv2 = 1 Ilv so is it legit ? How is this possible

When the game is out i mean

[empty path]

In the Illuvium eco-system 1 sILV2 will have the same value as 1 ILV at that time

[vapid quartz]

For illivium0 too?

Thanks for your answer i appreciate 🙂

[cyan dew]

do you think there will be any gas war in the landsale dutch auction?

[vapid quartz]

For sure ahah

[empty path]

The whole point of an dutch auction is to avoid gas wars, that's why the first proposal got declined. Starting prices have to be high enough for this to work.

[vapid quartz]

Ok amazing then thanks fraggy

[cyan dew]

hopefully the gas will be not so big because there are many factors like wales who have a lot of silv2

[vapid quartz]

So how much will be in silv2 a land T1 or T2 ? I only see the price in ethereum

[cyan dew]

good question

tier 2 maybe 10 SILV v2?

[empty path]

That depends on the price of ILV during the sale 🙂

[cyan dew]

We can only speculate because the prices are not even out

[vapid quartz]

Ok thanks 🙂

[warm moon]

Just looked at the pinned infographic and it says the land sale is also in ETH. So whats the point to swap to sILV2?

[empty path]

During the land sale sILV2 will be valued as ILV. So it's a big discount now

[warm moon]

So sILV2 is the staked ILV token?

[shell rose]

SILV v2 is like a gift card of ILV to be used in-game. It’s equivalent to the price of ILV at any given time. It’s a discount on uniswap now in an unofficial pool because some people (whales) want liquidity and are offering it cheaper basically to unload some.

[warm moon]

Ah, ok, thanks

[echo jetty]

is there an ETA for land sale at this point?

[ivory bough]

Most probably in April. 6 days for emission and two weeks for land, 3-4 weeks I'm guessing. Just my opinion

[echo jetty]

ah okay, because i saw someone say 2 weeks after staking v2

[ivory bough]

We'll see, but better to give it time to be perfect. I mean we weren't expecting V2 this week and we got it. So land maybe in two weeks too, who knows

[hearty cradle]

we start on the IIP tho

[spring jetty]

wen IIP though 😂

[ivory bough]

Question of the week: Wen IIP?

[hearty cradle]

lets do it

[fallow sentinel]

What's IIP in regards to Illuvium? I've been seeing the term around but can't find the fitting definition

[ivory bough]

Land IIP. It's to be published

Illuvium improvement proposal

[fallow sentinel]

Oh cool cool thanks! So I guess final details haven't been submitted for approval yet. I'll be patiently waiting!!

[hearty cradle]

anyone can propose an iip tho.
me excluding

[echo ocean]

well kieran has said multiple times that everything with the land sale was ready to go but then the exploit happened. that was months ago so i assume the land sale is even more prepped now. but then again it would not surprise me if they are not remotely ready at all

[ivory bough]

Land being ready is not the issue. YOu can't add two massive updates at the same time. You gotta give them time to fix potential issues on V2 and emission resumption next week and be concentrated only on that. When they are sure it's done, yeah, they can start injecting land update.

[echo ocean]

yea itll be sometime after v2 stuff is done. just saying that you'd think it would be shortly after

[ivory bough]

we'll find out soon enough. 🙂

Also IMX needs to be fully ready as well since minting is done there

[fickle bane]

Hey guys! Will everyone be able to purchase land or will it be restricted?

[muted moth]

Anyone can participate in the sale

[fickle bane]

Thanks, Kyriffin

[jade ruin]

wen land sale

[empty path]

Hopefully next month

[south belfry]

gas war hasn't really been an issue for mints for a while now so that argument is really invalid to justify the prices starting so high. especially when the price drop was said to be based on a 5% curve just setting the price higher makes it go down in bigger increments

[marsh sage]

What’s the harm in it starting higher and dropping more quickly? There certainly have been high gas prices at times all throughout the day/week over the past few months. Since it’s a 3-day auction, this ensures that regardless of what time zones people are in they won’t have to get slammed by the gas. We had a few others in here complaining about the concept over the past few weeks but no one has given a reason why not to start it higher that applied to this type of a structure (timed releases over a multi-day period). If you have a reason why you think someone is harmed by a higher starting price in this format I’d be interested in hearing it.

[analog inlet]

you seem to like this particular topic. there is a multitude of reason to start high. if you exuded gas war the top being make as much money as possible

** retail sale **

I have hats I will sell hat everyone lines up and buys a hat for $2 I have enough hats for everyone if i sell out I will order more and you can still get a hat

** auction**

I have 20k hats I will sell my 20K hats starting prices $100 and will lower my price incrementally once the hats are gone they are gone .
The people that offer me the most money get my hats

if 20k people offer me $100 for my hats and you don't have $100 you don't get a hat its that simple

the best case senerio is tha big whales buy everything close to max .

That is a good thing it means more money for the DAO and the game and revdis .

There is no downside to this .

This is an AUCTION its meant to raise money .

its NOT a retail sale it is NOT supposed to be fair to anyone in particular.

[empty path]

wtf is this

[analog inlet]

a bit of a rant ....the same topic over an over about priced for land sale are high

[south belfry]

but allowing the use for SILV purchase it completely defeated the purpose to "raise money" and there is also the fact there are 100k total that will be in circulation over time. Dutch auctions have a bad rep now for a multitude of reasons and it just gives people another thing do drag something through the mud.

[empty path]

I only saw 3 bad dutch auctions and that is because starting price was below floor

[south belfry]

A dutch auction is a way to "let the buyers" deem what the piece is worth, and usually the lowest price a dutch auction is set to is what the minimum a team would list for themselves. Also with that logic Nike should just do dutch auctions for shoe drops etc.

[empty path]

Good idea, anyone got connections to Nike

[analog inlet]

as i have said before even if its 100% silv-2 there are benefits to that too ... all of it will be taken out of circulation forever and silv-2 is limited to max 3million tokens and only if EVERYONE claimed silv-2 as a reward instead of ILV. so eliminating a ton of it in one sale is HUGE it means less can be used inthe future.
every time someone chooses ILV it also reduces the Max supply of sILV-2 forever as well to

[south belfry]

this is also relative to the price of ILV, lets say ILV is 3k in the next sale then way less would be needed to make the same purchases. but then do you have another dutch auction for the next sale and make the prices even higher for it? that would undermine land thats already out for the most part.

[analog inlet]

AFAIK each sale is separate and ( could be wrong waits for it) will have its own IIP and prices adjusted to what you have stated.

[south belfry]

you realize how ridiculous that sounds right? that sounds horrible on paper. "oh lets just make the next sale an even higher dutch auction" This sale should be basically to set those tone for future ones. For exmaple if by the next one a T1 is a 4Eth floor then all the T1 should be sold at 4 Eth

[south belfry]

the auction may be 3 days but each land is only up for 2 hours

[marsh sage]

Companies that aren’t relatively confident they know what the price of something is use auctions to determine that all the time (think artwork). Companies like Nike that have years and years of market research know what sales will be at certain prices. Arguing a startup game land sale like Illuvium’s should just fix a price because Nike does is a non sequitur

[marsh sage]

They’re all the same land plots effectively being offered hundreds of times over 3 days. You won’t know the individual layout until you buy it

They tell you tier and region. There’s no difference in bidding on a T1 in Crimson Waste on day 1 or day 3

[south belfry]

im not saying it should fix a price, even though Bigtime did and those flew off the shelves. But the argument "its to raise more money" is kind of weak when SILV is in play and has 3x the pruchasing power as of now. (yes i know it burns SILV) but realistically burning it shouldnt matter, once someone claims it, it makes ILV more valuable anyway cause less can be claimed whether its burnt or not.

[analog inlet]

form my understanding it does not ":set the tone" though the each sale will be completely separate from the previous ..so could theatrically have higher staring prices based on economic status at the time

[marsh sage]

Whether someone burns sILV in the land sale or on illuvitars or in the in-game economy I don’t think really matters where they use it. Those sILV tokens are in the economy and can be used instead of ETH at some point and will increase the value of ILV (by burning ILV tokens). Stating that because someone can use sILV instead of ETH is an argument against funding the game economy is silly. It’s a valid token created exactly for this type of purpose - to get people to reinvest in the in-game economy.

[south belfry]

the sale was initially ETH only until they allowed SILV though

[marsh sage]

It’s like arguing that because someone bought a gift card to Amazon and are using it to pay instead of cash, the company isn’t making money on the sale

[south belfry]

so it wasn't exactly their intended purpose but it was voted to allow it

well they aren't making extra money on a sale unless its eth because the tokens technically have no value and are given for free from staking

and the pool is unofficial so theyre not selling us the SILV its other holders

[analog inlet]

there was never a time silv-2 was not allowed it was in the original iip that was reject by the community due to the priced being to low

Payments
ETH and sILV can be used as payment methods for land, but not in one transaction. While sILV will not attract external revenue, it will incentivize
current token holders to claim their yield tokens as sILV. This phenomenon will massively reduce the total supply of ILV long term

[south belfry]

please go back to like sept/oct timeframe theres an iip that had a vote to allow SILV for land

[analog inlet]

if your taliking abou IIP-10 Mini-Game thats for the game itself thats the only one i can find if i am missing it give me the proposal number an ill read it

[south belfry]

i wish i knew where it was but i vividly remember reading it somewhere, was a long time ago when i saw it, or unless they updated wording in some documents to not confuse new readers

[analog inlet]

im looking at all the proposals that have been voted on i cant see one

[south belfry]

it was discussed in the channels and then made its way into what it is for the proposal so its up somewhere in the chats i pinged you to one part of it

[analog inlet]

what you are refering to was voted on because it was in IIP- 10 the original iip authorizing the game to be made
Payment
Both ETH and sILV will be used as payment methods for land. While sILV will not attract external revenue, it will incentivize current token holders to claim their yield tokens as sILV. This phenomenon will massively reduce the total supply of ILV long term.

[south belfry]

yes but SILV for it wasn't confirmed before that proposal they added it to the proposal

[analog inlet]

sigh...the point is it was approved with the game....

[south belfry]

it wasn't directly in the proposal but discussed in channels that they weren't set on SILV to be used on land at that time

[analog inlet]

well it is now lamenting about it makes no sense...

[south belfry]

just trying to clarify so no confusion

[whole spear]

Once the proposal is out we will have more clarity, but I believe in a recent AMA I think I heard Kieran said sILV2 would be used as well as ETH in sale.... mind you this is all subject to approval from Community/Council votes.

[south belfry]

is this meaning eth and SILV in one purchase?

[whole spear]

That we dont know for sure. I know they wanted to but thought it would be to complex but some time has passed since then and they like to do complex things so we will see

[south belfry]

alright yeah we're clear on ETH or SILV being used though

[analog inlet]

So theoretically even if it past in iip10 it can be revoked? (using silv) in a general sense past council ruling are not immutable?

[south belfry]

that would be absurd

[echo ocean]

lol a change like that would be a colossal waste of dev resources. ppl wouldn't even notice or care

[analog inlet]

not absurd it does have both risks and benefits

[south belfry]

honestly that would destroy a lot of peoples enthusiasm for land

especially after 6 months of preparing

[analog inlet]

anyway im going to bow out for now have a good day

[south belfry]

later

[whole spear]

This is from iip 10 what are you saying would need changing

[analog inlet]

nothing that was @south belfry was lamenting on how land sale was originally only ETH

my comment was based on your reply "AMA I think I heard Kieran said sILV2 would be used as well as ETH in sale.... mind you this is all subject to approval from Community/Council votes."
according to this silv-2 use has already been approved.

which was confusing when you said silv2 would need to be approved meaning this would be overruled if it was decided to be eth only

[whole spear]

I mean I don't think that everything was set in stone back then for how they wanted to proceed, but I mean yeah the plan is for silv2 and eth to be used so an additional IIP laying out the sale terms and conditions will be next where they would clarify what the case was.... but I was saying that if for some odd reason they wanted to propose it the opposite and the community and council voted no we would have an additional IIP you know.... I don't think any of this really is gonna matter in the end like I said though

[analog inlet]

i agee with you the original conversation was a rabbit hole could not figure out how to resolve. when the new iip comes out it will give somthing solid to discuss right now its just speculation

[gaunt current]

Any speculation for a date on land sale?

[solar topaz]

soon (tm) 😄

Question: when stuff is bought with sILV2, the DAO gets no ETH so there is no revenue for revenue distribution, correct?

[muted moth]

Correct

[solar topaz]

So it's possible that there is no significant revenue is generated in this first upcoming land sale, because there is so much sILV2 around... I heard the team was postponing token unlocking in order to "demonstrate revdis before". How does that go together?

Will there more sales or the like in the next 2 months?

[analog inlet]

5 20k sales over the next few years total (100 000) land 4 after this one

[solar topaz]

yes, but I mean opportunities to generate revenue until team tokens unlock (I think end of June now?)

[analog inlet]

illuvitar an launch (open beta) both no offical date

[solar topaz]

okay... didn't think that would come already so soon

then: assuming there is a lot of ETH that can be distributed to staking ILV holders - how does this work? Can we just claim it?

[analog inlet]

RevDis is paid in ILV (unlocked) not eth

[solar topaz]

ah ok - the DAO buys ILV and distributes them?

[lofty cape]

Like a windfall of ILV tokens!

and when the RevDis happens it's unlocked tokens

restake and repeat

Hope I have enough tokens for T4

[south belfry]

For this first land sale most likely very little rev, but for future ones when there’s less silv being used on land, we’ll see more distribution

That’s why I also had the other suggestion of possibly launching 40k pieces of land for the first sale so we can get more of a taste of the rev dis

That volume alone would surely cripple the current supply and force eth sales

As well as give more spaced out opportunity’s to avoid those gas wars they’re worried about

Would also make people feel more confident in being able to get one and participate and claim more silv

[hearty cradle]

there will be enough sILV2 to buy half of the 1st land sale. so the revdis for the 1st land sale will be $7.5-$15/token

[hearty cradle]

i dnt agree with selling 40k land. Let people know what to realistically expect from revdis

[lofty cape]

That is IF 100% of sILV2 used... I think players will use about 50-60% of that

Also if 100% of sILV2 buys 50% of the land the number will be higher for ETH purchases again as I doubt 100% will be sILV2

[south belfry]

You seriously would have to have minimal brain cells to use eth for the sale when there’s a coin that can give you 3x your eth value

[lofty cape]

I have buddies that are just going to use ETH lol they do not want to mess around with sILV2

[regal trout]

dumb..

[reef echo]

Some people don't want to deal with an unofficial LP. Others don't need the discount and there still others that don't even know about the sILV2 pool

[hearty cradle]

uninformed people

[quaint anchor]

wen land

[hearty cradle]

ask wen land price IIP

[normal bough]

Wen not not land

[hearty cradle]

wen land not land

[oblique basin]

I will have 8 silv in total, so i will max be getting a t2 or 2 t1. I am thinking of leaving 200$ for gas fees, will that be enough or should i leave more?

[hearty cradle]

You wont have enuf for gas

[tropic stratus]

Im at 12 SILV so probably only T2 available with that amount

hopefully there is plenty of time to accumulate more before land sale

[oblique basin]

then i will doublt it just to be safe, 400$ it is.

[oblique basin]

but why do you think 200 is not enough for 1 or 2 transactions. as gas fees are pretty low latly

[hearty cradle]

it was pretty exp when V2

but yea you wont see last year's high

[hearty cradle]

sILV2 price is only going up from here

[tropic stratus]

What is it at now and where do you buy? I tried to put address in uniswap and it didn't let me.

[hearty cradle]

$200. Get the right contract from #🔗〕helpful-links

[oblique basin]

what are they trying to get the prices into times 2.5 or times 2. from the old prices that we had

[tropic stratus]

if you had to guess how much do you need to have a shot at t3

[hearty cradle]

5-10 eth

[tropic stratus]

so 75-150 SILV?

[oblique basin]

no 10 eth will equal roughly 50 silv

and T2 rough guess how much

[alpine tapir]

Unless there's a global market crisis 🤡

[ornate estuary]

Hi all, is there any Illuvium:Zero separate discord?

[hearty cradle]

none official

[ornate estuary]

thanks mate

[misty gorge]

Any estimate on land sale?

[hearty cradle]

not soon enough

[regal trout]

Still dumb.

[outer flint]

do we know some possible prices for T3 and T2 since they are the ones I‘m interested

I believe I won‘t be able to get T3 but would be nice to have some kind of range for the possibility or if I should just focus on T2

[iron adder]

If you're planning an April land sale then forget it. This month will be dominated by Yuga Lab's metaverse land sale.

[shell rose]

Seems super different crowds to me, ha

[outer flint]

I think you are right hhaha

[iron adder]

We'll see 🙂

[pure cloak]

https://tenor.com/view/square-up-bro-pug-come-at-me-fight-funny-animals-gif-11824402

[umbral badge]

Never even heard of Yuga Labs...

[simple estuary]

Not land wen land not

Land, land

[south belfry]

BAYC

[reef echo]

Ever herd of Board Ape Yacht Club or Ape coin? Didn't they just buy Crypto Punks too?

[umbral badge]

yeah, just researched that.
Interesting that I literally had no idea or interest in them (still dont after researching them).

I am here for Games, awesome Games that I own a part of.

All that other crap can do its own thing.

[reef echo]

I too am here for the Games but also for the Gains... Combining the two things I love has been a dream for a long time. Very excited for this game!

[fathom drum]

when my land comes no more homeless

[lofty cape]

I just want to see a $800 sILV2 coin again ❤️

[tawny sandal]

I wouldn't mind if ILV waited until after the land sale revdis to start mooning again. I'm still in ILV accumulation mode :)

[umbral badge]

I need ILV to moon pre land sale, so my sILV2 has ultra power.
THEN I need it to Dump shortly after so i can use my gains to buy ILV

[analog inlet]

I want the opposite ILV to tank even more before land sale ( big dip to buy ) and so either more silv-2 gets burned or more eth is used for more RevDis 😆

[silk aspen]

I’ve been out of touch for a while due to work. Has there been any changes to the starting prices of land?

[analog inlet]

not yet

[silk aspen]

Ok thanks

[weak sedge]

Are the start prices defined for each tier already or soon?

[exotic escarp]

What are some of everyone’s best pros and cons to buying land? Seems like there’s a pretty even spread of opinions

[hearty cradle]

buy land for swag
stake for return

[empty path]

I just want to play the mini game tbh

(And yes, I know you don't need to buy land to play)

[echo swift]

Personally

Pros: Limited amount, can earn from it, supplement my main game play.

Cons: Cost me ETH/sILV, no guarantee of ROI, if the games are any good I'll be a recluse mofo.

[umbral badge]

Pros:
Land will be the central Resource point for ALL future games within the Illuvium Universe. This has been specifically stated by Aaron numerous times.
And although at the moment the main resource in use will be FUEL, that does not exclude the possibility that the other resources types produced on the Land cannot also be integrated into the marketplace.
An example might be if an Illuvium themed Space game were to be built in future, it would be likely that the Lands are the ones to build space ports and build the ships for that game.

The team have already hinted at future plans that involve merging lands into mega cities, and the possibility of a clash of clans or other type game system that would be opt in.

Additionally ignoring all of the above, and ONLY basing it on the current confirmed uses of Fuel and Blueprints - the revenue this will generate if the player base gets to 10m will be exceptional!

Cons:
It is NOT a passive income, it requires you to actually play the game, and to get the most efficient resource production from the land, you will need to set your schedule around the cooldown timers to login at regular intervals (including throughout the night) to claim resources and produce more.

If you get busy, or go away with friends, or just have a headache and want to rest, your income generation will reduce or even stop (when max storage is reached).

Additionally this is a mobile game with in app purchases... it will be constantly tempting you to speed something up, to boost the production or to make something easier... but it will cost you.
So you will need to constantly resist that temptation.

My own personal strategy, and not financial advice.

I have ILV staked in the LP pool, and I claim ALL of that as ILV, to be restaked as it unlocks, and will continue to do so for years.

I have bought a substantial amount of sILV2 from secondary markets. Of which I will use 50% to buy Land, 25% to buy Illuvitars, and 25% to be sold back to the Market while the price is high (as a way to offset some of my costs).
Then when Illuvium Overworld launches, 50% of my fuel produced will be sold on market, and 50% will be used in game so that I can maximize my early gameplay, and hopefully catch some rarer Illuvials.

The above strategy is high risk and long return. It focuses more on my gameplay and long term plan to be a large part of the Illuvium Universe.
And it will require a significant amount of play time split between Illuvium Zero and Illuvium Overworld.

[hearty cradle]

nicely written.
i must add, based on the document i think 100% of your fuel must be sold for eth. you cant transfer it to the main game. I hope someone can clarify this

[undone phoenix]

This

[outer flint]

pretty good plan. may I ask how much you invested so far? since this seems like a plan which requires a bit more capital than I have available. You don‘t have to say an exact number, I just would like an orientation if that‘s okay for you

[potent dock]

Johnny clarified this in the past. He mentioned that it may be possible to make it "look" like you're transferring Fuel to the main game, but behind the scenes it will pass through the Fuel/ETH pool.

Src: #🎮〕illuvium-zero message

[hearty cradle]

thanks for the info. the ability of transfer fuel to the main game is kinda conflicted with the IZ design of limited storage. They want to discourage people from hoarding up fuel and disrupt gameplay.
I hope the team can clarify this @amber atlas

[potent dock]

From an old document, but I believe if you're transferring Fuel into the main game it's no longer liquid, so you're hoarding it for personal use.

Once it's passed through the Fuel/ETH LP, it allows the DAO tap to mint Fuel at the 19:1 ratio, and shouldn't affect the market if someone is stockpiling it in their account for personal use. I believe this should be how it works, could be wrong though.

[hearty cradle]

This is johnny's response to my question in regards to hoarding

#🎮〕illuvium-zero message

i was hoping we can hoard fuel lol

create a cartel or something

or only sell when the price is +25%

[potent dock]

It's a cool idea economically, but it creates so many potential problems. The nightmare situation is that a very large cartel basically stops people from playing the main title by withholding Fuel. That's not actually good for anyone interested in the long term health of the game 😛

The DAO tap is kind of the control for that, and limited storage within IL:Z. Still enough wiggle room to play the market, but not enough to bring the system down.

[hearty cradle]

yea unlimited storage wont work cuz DAO will make up the shortage

im wondering if the fuels are erc20 tokens

[thin wolf]

Have they mentioned wich tier they will start with for the land sale?

[shell rose]

Think they said random batches of supply more or less at a time, previously.

[thin wolf]

Random would be good,really hoping to catch a tier 3

[hearty cradle]

but i need sleep

[viscid bolt]

This should be pinned. It explains it very nicely.

[exotic escarp]

Thank you, I really appreciate this response

[gilded olive]

Hi ppl, will land can be bought after sale with ilv token in opensea or only with eth.....

[muted moth]

It will be with ETH on the IlluviDEX for post-sale sales. Though on OpenSea, I think they could sell for ETH or USDC. But I don’t see a scenario where you can buy land with ILV unless you initiate a trade with someone. Though that is risky and requires a lot of trust

[undone phoenix]

100-200

Its tier 4 land

But everything is a guess, as it is a Dutch auction

[tranquil python]

Will T1-T5 all be able to produce something? I don't know if I understood it right, but fuel seems to be produced only from T4 land. Is it right? I mean, what will I be able to produce with a T1 or T2 land?

[undone phoenix]

Every plot can produce fuel. It just scales. You should check the pinned posts in this channel

The old posts:#🎮〕illuvium-zero message

[tranquil python]

Thank you. Yes, I checked that, but maybe didn't understand it well

[undone phoenix]

Will probably be updated with new higher prices (around 2x - 2.5x)

[tranquil python]

Seems very expensive. Well, let's wait

[undone phoenix]

Again. It’s a Dutch auction. So this is starting prices, will go down fast. But yeah

[harsh dew]

-2% per min

[empty path]

Yes

[reef echo]

oh for sure... But its more like a small few who are going to buy 50 or even 100 each.. I myself am going to get a few and I am far from being a whale

[royal coral]

I really hope they don’t raise the land price 😡😡😡😡😡

Is that fast Official?

[gaunt coral]

20.000 NFTs...

That is a lot of NFTs to be absorbed

[cyan dew]

They will

[empty path]

The only reason the proposal was declined was because of the starting prices being too low. I'm quite sure they will be raised

[analog inlet]

https://tenor.com/view/all-of-this-pointing-up-there-see-this-gif-14720503

[fallow sentinel]

What were the proposed prices?

[fallow sentinel]

Ohhh yeah I've seen that. Was thinking a new IIP got declined from looks of chat hahhh nvm 😆

[empty path]

Still waiting on a new IIP, I hope it comes soon

[fallow sentinel]

Probably after v2 staking resumes in a few days? I'm over here contemplating buying more sILV2 shiiiiiiii what to doooo lol

[empty path]

Let's hope so 🙂

[fallow sentinel]

Whatever happens I'm ready. Stocked up on sILV2!

[left fjord]

Guys do we finally know the date of mint?

[analog inlet]

if your talking about the #🎮〕illuvium-zero land sale no official date or prices at this time it will be announce in #📣〕announcements so will be good to watch there

[gaunt coral]

Isn't the land a gimmick that dilutes ILV holders? Why not give all fuel revenue to ILV stakers?

If we want to keep the land NFTs because the tech is cool, why not airdrop those NFTs to ILV stakers? And then depending on the amount that you staked you obtain an specific Tier level.

[marsh sage]

I’m not sure I would call giving land actual utility a ‘gimmick’. Probably better to consider that most other project have made their land a ‘gimmick’ because it doesn’t functionally do anything for the holders in many cases.

The land sale produces revenue that would not have otherwise occurred that is then passed on to ILV stakers

[fallow sentinel]

Will land plots have utiilities for future games other than Illuvium?

[gaunt coral]

Airdropped NFTs can be sold on the market, no need to overcomplicate revenue flows. You can still keep the 5% Fuel revenue if you decide to hold your land NFTs.

[shell rose]

That’s the idea, yea.

[analog inlet]

unlike staking . #🎮〕illuvium-zero Revenue is NOT passive and is limited

1. you have to play the game
2. you have to generate fuel
   3you have to swap the fuel to the official balancer to receive a portion of the 5% of in game fuel purchases only
   4 revenue is fully based on how much the specific land owner can produce

more detailed explanation below

without knowing the value of swaping eth - fuel its hard to say but generally speaking here is how the revenue for land owners will work

Just clarification you do not sell it to market individual landholder earnings are a stable "5%" of total fuel purchase in game are earing as simply based on what that individual landowner can produce.. So there is no peer - peer sales or any "competition" between landowners for the "best price"

example:

1 landowner only produced 1 unit of fuel to swap to the balancer they get whatever 1 unit is worth in ETH

if another land owner produces 5 units they get whatever 1 unit of fuel is worth when swap to the balancer x5 in ETH

so it really does not matter how many plots of land are active as the DAO produces 95% of the fuel so there will never be a "shortage"

Revenue Distribution ( from the draft form the IIP land sale)
Land owners will have the opportunity to earn revenue from players in the main game through novel use of a Balancer multi token Weighted
Pool. They will do so by swapping fuels they generate in game for ETH.

On the other side, players in Illuvium will swap ETH* for fuel, which is used to complete all transactions in the game except for IlluviDEX trading between players.

The target will be for land owners to be able to earn approximately 5% of the total revenue generated from in game purchases in Illuvium.

This is achieved by the Illuvium DAO swapping 19 fuel for every 1 fuel swapped by players of Illuvium: Zero.

[vivid cipher]

To make the DAO money. Land that is sold is sold for profit. Land that is airdropped is a giveaway. It likely encourages a different kind of investor. Someone that may not be interested in ILV and staking.

[turbid plank]

how much SILV u'll need for a T4? 70 80 90 120 ? im curious in ur opinion?

[narrow star]

!land

[dry forge]

There is no set date for the first land sale. The land sale will be announced in📣│announcements when the date has been confirmed. Illuvium: Zero is a mobile mini-game that will interact with the main game. Illuvium: Zero will be a base building game staged on a piece of land. Paid land will produce Fuel ERC20 tokens and Blueprints, interacting with the main game. There will be 100k plots of paid land in total, and the first land sale will offer 20k of these plots for sale in a dutch auction format. All in-game development on land will be wiped when Illuvium launches. For more information, visit #illuvium-zero .

[shell rose]

#🎮〕illuvium-zero message bottom right

[hearty cradle]

by "dilutes to ILV"holder" did you mean taking away revdis from stakers? Yes IZ takes away 5% of all ingame transaction from stakers

and no giveaway, because IZ is an entirely diff game and might have future expansions, like a RTS game

and IZ produces blueprints

if fuels are erc20 tokens we should be allowed to withdraw them to our wallet

[harsh dew]

There will be giveaways of lands?

[analog inlet]

no they were answering aquestion

[compact nebula]

Give away T0 lands only most probably

[dry hawk]

Ive heard somewhere that t1 land has same amount of chance to produce blueprints as say a t4, is this true?

[normal bough]

well the building allowing the production is going to be the same in both Tiers. But I'm pretty sure T4 gonna have an advantage because of ressource production and somehow produce more blueprints

[dry hawk]

youd assume so hey. Im only really interested in land for blueprints tbh so if someone else could enlighten me about how the different tiers affect chances of blueprints id appreciate that

[hearty cradle]

you need to ask johnny or aaron if you want 100%

[analog inlet]

#🎮〕illuvium-zero message

[normal bough]

Yay I was right

[vague tide]

hoping this week has announcement about land sale

[empty path]

IIP first

[gleaming timber]

Are this 5% in your opinion to less because the DAO will make 95% of the fuel and there is no peer - peer sales so basically no free market and so probably much lower prices for fuel

[knotty lion]

Hello! Just want to ask about fuel generated from my land (if I get any)... can I just use that directly for my acct for traveling in the open world?

[regal trout]

Land its just to grab money from people to redistribute to ILV stakers..

[hearty cradle]

the dev doesnt allow that yet, IZ is not connected to the main game, so fuels must be sold to ETH.

but fuels are erc20 tokens, it should be withdrawable !

[hearty cradle]

wrong

[regal trout]

The famous: go study.

[hearty cradle]

• Land produce 5% of total fuel, money goes straight to land owners
• DAO produce 95% of total fuel, money goes to revdis

haha!

[regal trout]

From crumbs to pigeons.

That doesn't invalidate what I said.

[hearty cradle]

https://tenor.com/view/facepalm-picard-star-trek-the-next-generation-disappointed-gif-23456183

[coarse valve]

Fud 😆

[hearty cradle]

i hope you will have a better day friend

[regal trout]

u2

[empty path]

Pease don't post the same question in multiple channels.

I did in the other channel where you posted the same question.

[hearty cradle]

https://tenor.com/view/laugh-lol-chuckles-funny-gif-5104045

[empty path]

Not my fault you can't post links in #795845536128303175 🤷‍♀️
It's still the shill channel ^^

[analog inlet]

i don't understand what you are asking can you please rephrase your question

[turbid plank]

thx

[paper flame]

Just wait until the land sale pump begins!

[jagged solstice]

did they come up with a new date for the land sale?

[paper flame]

no, when they do it will be in pinned messages.

[jagged solstice]

what do you mean if? are they thinking of getting rid of land all together?

[paper flame]

better?

[quasi canyon]

Do yall think the starting price of land (to be determined, i know) will be more effected by the ILV token price, or the ratio between ILV/ETH?
I ask because when kieran said it would be 2.5x the original proposed price, ILV was about 1/3 ETH, and now it is about 1/5.

[jagged solstice]

i don't know what you mean by the word Better? you said in your first msg to me the word "if" which in the context you put it in would have mean that you think there is a chance they may never have a land sale.

[jagged solstice]

there was a white paper right before the hack on sliv happened. that explained the land sale.

[quasi canyon]

Did it explain specifically how they would determine starting price? If so, where could I find it?

[jagged solstice]

unfortunatly you would have to ask somebody where that sheet is. it was posted on this channel back in early december i think it was.

[quasi canyon]

Yeah, i’m just wondering how they are accounting for the varying ratios between ILV/ETH, as this affects buying power

[jagged solstice]

prices from what i remember where in eth it was like .5-1.5 for teir one 3-5 for teir 2 and 10 or so for teir 3 and like 20eth for teir 4.

dutch auction over three day released every hour a bundle of 200 peices.

[analog inlet]

land sale iip old information the first draft all is subject to change starting prices will most likely be much higher in the new IIP.

[quasi canyon]

I am familiar with all the basics of the land sale, I was speculating on the decision making process for the eventual starting price

[muted moth]

I don’t think we have those specific details at this time. I’m sure it will all be detailed out in the new IIP when it is released for voting

[quasi canyon]

Okay thank you!

[jagged solstice]

well your orginal question. the prices for land where done in eth so it doesn't matter what ilv is.

[quasi canyon]

It does matter. The ratio changes the buying power for sILV and ETH. That is very relevant

[jagged solstice]

ratio of that has no basis on that fact price is in eth. if ilv goes down it goes down. they aren't going to lower the price to buy just because u are staked and your ilv happens to be worth less than it was. there are a lot of people who are going to buy land that don't hold ilv. its going to be madness if the price is too low.

[quasi canyon]

The whole reason they were going to increase the starting price was because ILV price skyrocketed. I’m not sure where youre coming from on this.

[jagged solstice]

i coming from buying nfts over the last several months. if you look at top project they have sold out 10k with a mint price of 3eth

[quasi canyon]

The ILV price should certainly be considered, but I agree it should not be the end all be all.

[jagged solstice]

this project has way more hype than most of those.

[quasi canyon]

Illuvium team has constantly tried to be inclusive, so the buying power of the sILV token should be on their radar, as many smaller buyers will be using sILV to purchase land

Frankly the prices of other NFTs isnt very relevant.

[jagged solstice]

well they better have a whitelist than cause this dutch auction is going to have mad gas wars and will be sold out instantly

it is very relevant. you think people aren't keeping an eye on this that are in the nft market. there is going to be a ton people licking there chops to snag and flip as many ilv land nfts as they can.

[analog inlet]

high staring price should lessen gas wars. land selling out to some whale for max - near max price is the best possible outcome for the DAO and stakers i hope it happens

[quasi canyon]

I hope land is expensive too. My original question asked about what people’s thought were about the decision making for starting price, and we obv got off topic

[jagged solstice]

but 1.25 eth won't be high enough. look back at JRNY crypto. his 10k mint nfts sold out for and average of over 2.5 eth a piece.

[hearty cradle]

land doesnt have the utility yet to demand high prices

[quasi canyon]

There also is more than 10k land….

[hearty cradle]

lol at 100k land

[jagged solstice]

well the first sale is only 20k

[quasi canyon]

Youre not helping your argument

[analog inlet]

100 000 to be exact sold in 5 20k land sales over the next couple years

[quasi canyon]

Bottomline: ILV to the moon

[hearty cradle]

how do you feel if you already know there will be 5x of the same land in the future? would you buy them expensive?

[analog inlet]

peronally rather buy ilv than land #💰〕token message

[jagged solstice]

the next land will probably be six months after the first sale so by then it could lower depending on the game but the first one with all the fomo and hype will cost more.

[hearty cradle]

bingo

[quasi canyon]

Im only using sILV i got for cheap to buy land, everything else is toward staking 👍🏻 i’m on the same wavelength

[jagged solstice]

did anyone notice when the released the rewards over the hack break here that it was like half of what i would normally accumulate in that time frame?

[reef echo]

You can own both...

[analog inlet]

you missed the point....

[quasi canyon]

🧐 why would they do that. Thatd be a horrible look for the project. Are you just attention seeking rn?

[jagged solstice]

huh. i had ilv/eth pool staked i usully get about .03 ilv a day in rewards the pool has been down for over 3 months now. i usually get about a 1 ilv a month only got 1.5 ilv during the time when i should have got about 3ilv.

[prisma swift]

What's the current status on land sale? Are we still waiting for a revisit on land prices before announcing a date for land sale? Or will land sale date be announced in conjunction with land prices.

[quasi canyon]

Together. Soon

[muted moth]

My guess is Pricing IIP followed by council vote, and then date approved shortly afterwards. There probably needs to be some time for the council to deliberate

[reef echo]

I understand the point, I have seen you explain it a lot of times. It is a good point, not without merit, the math works. I think there is enough room to own both as the rewards have been generous enough to diversify my experience. I have plenty of ILV staked, I have zero land. So while I respect your point of view and that may work great for you, I want to hedge myself here since everything is speculative. Plus this is the land channel so not sure why you are here telling everyone how much land you don't want to buy lol. All love though

[analog inlet]

your opinion is yours. however i don't agree with you particular viewpoint

[reef echo]

Ok, I can agree to disagree, there is room for all ideas for sure. But I do feel you are not leaving yourself open to the possibility of a scenario where buying land would be more beneficial because there are a few.. and again, its the land channel

[analog inlet]

1 I personally don't see it being as beneficial as ILV #🎮〕illuvium-zero message
2 just because "land channel" does not mean comments have to be pro land

[south belfry]

And look at it now basically imploded itself

[reef echo]

1 I can agree with that about 75% of that but there are many factors you are not considering. Like resales, scholarships and maybe someone is already sitting on 1000 ILV (not me lol) and just wants to spend , what they consider, a very small amount on land that rewards will pay for in days. There are many scenarios I can think of where your, very thought out, explanation is wrong but to be fair lots where you are right.
2 Not that you can't post opposing buying land but why are you here if you don't want to buy land?

[south belfry]

All I’m saying is everyone asking for absurd prices must hate their own money and the community. Isn’t the point of this to get as many people playing stuff in the illuvium realm why ostracize so much of the community and price them out. Some of them have probably been here for a while too. And saying this land sale will sell out Instantly is straight moonboy attitude that will get you rekt. There’s still so much uncertainty on how producing revenue from land will work why would whales pay absurd prices for such an astronomical risk

Yeah there’s free pieces of land but honestly what even is the point of playing those if you can’t generate anything. You’d be better off playing clash of clans since you can atleast raid people in that

[hearty cradle]

kek coc

[analog inlet]

https://tenor.com/view/no-comment-leaving-gif-21283130

repeated conversation is repeated.. again ..again.......again...with same poster

[hearty cradle]

solar wants to buy land, hes just fuding to drive down demand

[south belfry]

Even with the possibility of land being soon I’ve seen this channel turn pretty dry since it was first announced so how people think it’s an instant sell out baffle me

[hearty cradle]

no one is as commited as you in talking down land, solar

https://tenor.com/view/naughty-library-gif-15083076

[reef echo]

No one is saying it's an instant sell out but I do believe all the land will sell. The only thing that has a danger of this happing in my opinion is the T1. If I had to guess, 60% of start price is going to be where a lot is bought. I can't wait to find out what's really going to happen

[south belfry]

Was just saying that since nfaunz believes so lol and fanboying Jrny

[south belfry]

I also think it’s gonna start somewhere in that range

[iron laurel]

I've been thinking about this too. When land sale was being talked about last November or whatever it was, there was a lot less sILV out there than there is now. High staking rewards have been great but it does mean that there is a whack load of sILV2 that people will be using to buy land with. I think they have tried to mitigate that slightly by trying to get people hyped on other things that sILV2 can purchase, like Illuvitars. I mean, they can go insanely high on starting prices in order to attempt to mitigate gas wars for all those with lots of sILV2, but these prices will set the precedent for future land sales. They don't want the next land to sell for less than these ones. If that happens it will look like after the game was brought out it decreased in perceived value, when that may not be true, it may just mean people spent the TON of sILV2 they had in round one.

The profit that the land can make in the future is still very much a guesstimate. Fuel? Who knows what it will sell for. Blueprints look promising IF you have to get one of the good popular ones, and can make a bunch of skins to sell at the marketplace, but that isn't a guarantee. Reselling it in the future may be profitable. Most (for profit) whales that are going to be paying ETH aren't going to drop 7.5 ETH on a T1 but I have seen people say they would pay 50 sILV2 on a T1 because they have so much of it and are so psyched about playing. So yeah, ratios do matter and I think they are going to have a hard time figuring out how to price this land.

[paper flame]

Rev Dis Bros want land price crazy and they want us to pay in Ethereum! They claim its to avoid a gas war but we know the real reason. Rev Dis Bro's are greedy!

[analog inlet]

@iron laurel ROI ratios are not considered in land pricing . the point of the sale is to make as much money for the DAO and stakers as possible .

hence auction ROI, "fairness to ant particular group" etc etc etc are not factors in the price.

hoping for 3-4 x original

[paper flame]

https://tenor.com/view/greed-greedy-money-rich-disney-gif-4807072

[analog inlet]

https://tenor.com/view/lena-luthor-100percent-serious-gif-15216827

[hazy jewel]

Hi guys, didn't watch the channel for a while: any forecast for landsale to begin? any price update i should be aware off ? thank you for the answer

[empty path]

No updates so far, there should be an IIP first

[hazy jewel]

IIP?

[empty path]

Illuvium Improvement Proposal

[cyan dew]

https://tenor.com/view/popcat-wen-gif-23885304

[hexed abyss]

She is probably loaded up on sILV

[glad relic]

I have 39 sILV2 with this i can buy one Tier 3?

[tranquil python]

Hello everyone. I have a doubt: what are the advantages or disadvantages of buying a T2 and not 2 T1, for example, supposing 2 T1 = 1 T2

[potent dock]

Read through this: #🎮〕illuvium-zero message

2 T1 aren't really comparable to 1x T2, the sites scale up the number of Fuel sites every Tier.

1-3-6-9-12. A good comparison would be 2x T2 to 1x T3, in which case you'd get the same amount of Fuel, but T3 would be able to develop much more quickly due to the Element landmark and the increased amount of Element sites.

[tranquil python]

What about T4 vs 2T3?

[potent dock]

The info is all in the document I linked to. You'd get 3 less total Fuel sites with the T4, but you'd get 3 more Element sites and a Fuel landmark.

[tranquil python]

Did you mean 6 less Element sites?

[potent dock]

Yeah, 6 less total, but 3 more on the single plot. Basically higher tier plots develop more quickly because you have more Elements and Fuel to spend.

There's also less overhead, since you don't have to interact with multiple plots. The last estimate I heard was something like 30m to 1h a day per plot while you're actively developing it.

[tranquil python]

Thanks for the information!

[lofty cape]

Big thing that you have to take in account is play time also when buying multiple lands vs a higher tier

Like five T1 vs doing just one T3 can be a big investment to run 5 lands

[calm night]

Do you guys know when we can start purchasing land? Also how much a T2 and T3 would cost in regards to ETH or sILV?

[hearty cradle]

its a she?

guys i got a question about IZ blueprint, does land Tier have anything to do with BP tier?

[hexed abyss]

Don't know, but assumed by the many female memes. Anyway, most of us here are anonymous so it doesn't really matter in my opinion.

[hearty cradle]

im not anon, im a real tauren

[analog inlet]

only females are allowed to use female memes?? that's like saying everyone who plays a female avatar in a game is female.

[hexed abyss]

haha of course not. Which do you prefer?

[cursive walrus]

are you saying my entire life is a lie

[analog inlet]

https://tenor.com/view/mystery-gif-4709344

[analog inlet]

only you can answer that.... spooky music

[hexed abyss]

Oh.... That's cool too 👍 . I actually like being a bit anon....

[hearty cradle]

that explains everthing

[calm night]

Do you guys know when we can start purchasing land? how much a T2 and T3 would cost in regards to ETH or sILV? And lastly, how much fuel or materials each different tier would produce?

[spring jetty]

there is no exact answers to all of your questions. only guesses and estimates

[merry sand]

Back into this rn do we know when land sale iss

[hearty cradle]

just sell your house and buy sILV2 you'll be fine. and homeless. but fine

[iron laurel]

At that starting point that would be 2 ETH for a T1, Which is about 5 sILV2. At that price there would be gas wars.

[south belfry]

well the only solution seems to be raise the price lol

[analog inlet]

yes well you see one of the problems an why the community reached a consensus toreject the first draft.

[south belfry]

which is dumb reasoning honestly

oh boo hoo I have to pay 10$ more in gas or price people out hundreds of dollars lol

[analog inlet]

https://tenor.com/view/eye-roll-whatever-gif-12942763

[south belfry]

Look im not complaining because it prices me out, im just pointing out the obvious

Here's an idea have the website conduct the dutch auction and instead of people minitng (which causes the highest gas fees), the eth gets sent to the ILV team and the addresses can mint their things on their own time or the team can airdrop all the lands to the address and what they paid for

[vivid cipher]

It’s about the fair sale. Let the market determine the value of the lands. If the market prices people out then that’s just the way it is. It also means illuvium land nfts are unlikely to be flipped for quick profits.

[south belfry]

alex becker did that with a fixed price for Neo Tokyo S2 and it worked fine

who cares if people flip for quick profits, some people are here to make money you cant control what people do. "If the market prices people out" completely negates the "Fair" aspect

[vivid cipher]

The problem with “fair” is it’s a word open to interpretation.

[south belfry]

the point is to get as many people playing as possible so if you allow more people to get some they can play

instead of having a whale with 1000 T1 just sitting there not being utilized for the team to asses what production rates are like

[analog inlet]

that most deffinaly is not the point with #🎮〕illuvium-zero