🎮〕illuvium-zero

[acoustic vine]

did you even understand what im saying? 🤣

[hearty cradle]

Revdis bro rejoiced !
@analog inlet

[south belfry]

Yes

[south belfry]

Rev dis bros are foaming at the mouth rn

[hearty cradle]

https://tenor.com/view/jizz-in-my-pants-gif-8177902

[analog inlet]

incase you missed it. #🎮〕illuvium-zero message

[acoustic vine]

men dont need his homily, kids does. So are there kids here?

Only kids dont understand about auction. And if they doesnt understand, then google is a friend. lol

[south belfry]

Well I’m definitely not seeing the mass of the community that called for prices being too low originally seems like that was a lie

[potent dock]

You can literally go read it, it's still in #809220563397902346 .

[empty path]

Do you understand how an Dutch Auction works?

[south belfry]

And here we are 6 months later and the sentiment hasn’t been re assessed by the team and look at this chat now a lot of people are upset

[hasty adder]

Any know where I can find the Eth vs sILV comparison graphic?

[next juniper]

I think the starting price at $250k for tier 4 is a bit ridiculous. I understand it’s a Dutch auction but still👀

[potent dock]

You can also post your feedback on proposals in #809220563397902346 , that's the entire point of the channel.

[south belfry]

Don’t worry I’ll be there

[mystic gull]

it is not a lie

[brisk quail]

only landowners irl can buy T3 and T4

[dire tiger]

Trading a lizard for a T4? 😛

[harsh dew]

Here representationIIP Land sale in progress.
#📰〕governance-news message

[analog inlet]

no it just people like youwho do not understand the nature of an auction and confuse "fair" on the same level of a retail sale in the contexr of The liitle guy"

[south belfry]

well im sorry that the word fair has 1000 caveats in this channel

[waxen token]

How will the value of silv2 be calculated? Is it at ILV value at time of land sale?

[analog inlet]

not for a person that is reasonable an understands the subject matter and context in which its being discussed

[south belfry]

you literally only care about revdis so obviously youre going to be for max prices no matter what

[left musk]

Its even better if they double the price again

[reef echo]

$250k for a T4 is ridiculous, even as a starting price...

[analog inlet]

your point?

[waxen token]

Uniswap the only place to buy silv2 right now correct?

[jade ruin]

hey guys

[unreal bobcat]

we don't talk about buying silv2 because the only legit way in getting it is to cash out your staking in silv2

[analog inlet]

there is no offical place to buy you need to dyor

[jade ruin]

so expensive lol

[lethal trail]

https://tenor.com/view/blind-robin-hood-poor-disney-beggar-gif-14700496

[waxen token]

Last note. Y’all don’t understand how this auction type works 😂

[silk shore]

Am I the only one who thinks that the new prices are good?

[marsh sage]

Nope. I think it’s pretty spot on.

[silk shore]

It is just the right decision

[simple juniper]

Nope they hit the nail on the head perfectly

[waxen token]

The only way these auction prices could’ve been wrong would be if they were too low. This lets the market decide the price which is the way it should be.

[empty path]

Sound good to me

[junior depot]

For the dutch auction, will the price go up or down?

[unreal bobcat]

down

[simple juniper]

Start at the given price and decrease 2% every minute for 2 hours. 2% of the value the minute before

[unreal bobcat]

looks like it is cut in half every 30mins

[jade ruin]

yeah

[marsh sage]

Goal is maximize revenue for the DAO. T0 is a free gift to anyone to be able to play that likes the game with no gatcha costs added. T1-T5 are long term investments for people and they need to have a chance to buy where they want. Anyone who was hoping for a much lower price should consider using T0 plots for fun and just investing in ILV/SLP pool.

[junior depot]

during that time anyone can buy until the supply runs out right?

[simple juniper]

278 plots will be released every hour for 3 days

[lofty cape]

80 ETH 😂

$250,000 for T4 baller

[reef echo]

right..

[unreal bobcat]

no one knows how much money the land will even make so if you do not have the financial freedom to invest in an unknown invest wait until the 2nd/3rd/4th land sale to buy land. or do what @marsh sage said and invest in ILV/SLP pool

[potent dock]

Just gonna leave some numbers here for reference:
Maximum Total Sale (If all plots sold at starting price): 165410 ETH = $507M sale
Minimum Total Sale (if all plots decay to 4.79% of starting price): 7923.1 ETH = $24.3M sale
Land decays to 50% of starting price: $253M sale
Land decays to 25% of starting price: $126.75M sale
Land decays to 15% of starting price: $76.05M sale

Total sILV2 in circulation: 215k
Total sILV2 value at $530 ILV: $114M
Edit: This doesn't include T5 obviously.

[vague tide]

2eth for t1

[lofty cape]

Not sure how you can justify the return on $250k with fuel and blueprints

[junior depot]

Lets say the 278 plots has been sold out on the first day and the price is half of what it started. On the following day would it start where the price have been left off?

[agile sigil]

What will a tier 3 go for? could it be 25 sILV2?

[lapis ledge]

Over 100M+ revdis using ETH if all sILV2 are used and if all lands are sold at 50% price exc. T5?

[pure cloak]

haha yeah exactly

[simple juniper]

No ever hour 278 lands will be put on starting at the top price. And decrease

[junior depot]

I see thanks

[lethal trail]

Around 115 sILV2 starting price

[potent dock]

Added total sILV value in circ.

[dire tiger]

I think all depends on how successful the main game is and the player base who are willing to spend.

[lapis ledge]

Juicy revdis 😂 Thanks.

[agile sigil]

Yeah, just counted that. 25 sILV2 seems not relevant, have to aim for a tier 2 or 1

[bleak stratus]

One message removed from a suspended account.

One message removed from a suspended account.

[lethal trail]

Or get lucky and buy after 1h drop

[potent dock]

Yup, it'd be pretty nuts. I'm expecting 15-30% of starting price to be the actual sale price personally, NFA.

[wind bolt]

Will the illuviDEX/secondary market allow for sILV2 sales?

[pure cloak]

I don't think so

[potent dock]

No, there won't be support for buying/selling sILV2 on the Illuvidex.

[lapis ledge]

Let's see. Excited about land, but I'd definitely love the exact mechanics of Land gameplay (% and everything). Marketing should show the cool skins we can get from Blueprints because... Skins.

[potent dock]

Agreed, some sneak peaks at skins would be pretty awesome!

[little moon]

Boiz it`s a lifetime ( over Generations) invest!!! not only for couple months... it generate 5% of tot xD

If i can Buy a part off the US ( Lets say a Little City) ....an you earn for ever the Tax from all ppls who life there❤️

[junior depot]

I am curious how long do you guys think the ROI for the land be?

[little moon]

sure some years

[analog inlet]

since all land will most liky be bought at diffennt prices it will vary

[simple grove]

So which tier to buy?

[junior depot]

example tier 4. I don't think you can get the ROI in a couple of months.

[lapis ledge]

Really hard to guess. So many speculative aspects (fuel price, skin price) involved.

[little moon]

aswell the Region make different prices

[analog inlet]

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

[junior depot]

Are all lands able to scan skins?

[little moon]

Maybe no one Spekulate on Earth region..... But the first Meta you need a Earth Illuvial... damn goes this price up

[dire tiger]

yes. all lands can scan.

[lapis ledge]

Yep! And all tiers have equal chances to get rare Blueprints. Might be changed though, we don't know until something is finalized, but last I read, such was the desc.

[little moon]

Amazing chance what we get here

[junior depot]

What does the element landmark do?

[lapis ledge]

Boost production of Elements. Elements are needed to advance your buildings. Advanced buildings are more efficient or unlock some functionalities afaik.

[junior depot]

If I remember correctly, in order to produce shards you need certain items. If your land doesn't have that certain item you'd have to buy it from the market right?

[vague dust]

what is the correlation between eth and silv2? How much i have to pay for t1 in silv2?

[lapis ledge]

Yes, you need certain types of these items to which you're referring. The actual name of these items is Fuel. There are types of Fuel. I don't remember which ones are needed to produce shards.

[vagrant elm]

Well if sold at 25% of starting price, break even will be after 2.5 billion USD profit of the game. If sold at 50%, break even will be at 5 billion USD. While possible this looks ambitious to me. (short- to midterm)

Of course this is without considering reselling value of the land, but this will be probably strongly linked to profitability of land itself, so keeping it out of the equation seems reasonable to me.

For me I'll stick with SLP, NFA

[reef echo]

if it sells close of starting prolly 20 years...

[lapis ledge]

I think that there's a building to convert fuel to other types of fuel? Or maybe it's just for converting element? Someone help 😂

[little moon]

@reef echopresent for youre childs xD

[tired pumice]

Yep there is a fuel converter building

but generation cost is high and inefficient

[exotic escarp]

Everybody going for tier 2?

[vivid cipher]

Everyone enjoys making money. Everyone that hasn’t been in illuvium for a long time wants as good a deal as possible. An easy flip because you got whitelisted because you were lucky. But that is NOT and never was what the land sale was going to be. It’s long term. It’s gamified ILV. It won’t be IDO pricing. It’ll be priced at the market now and that’s how it will be during the next sale as well and the sale after that and the sale after that. When something is that scarce and there’s as much already invested in the project as is already invested in Illuvium some of just don’t have the bags for it. It is what it is. It may not be the benefit you because you are early kind of fair that your want. It’s open market kind of fair.

#809220563397902346 message

[lapis ledge]

In the IIP, it is mentioned that the DAO will withdraw or supply Fuel when price differs by more than 25%. How is this 25% difference calculated?

[gaunt coral]

"The target will be for landowners to earn approximately 5% of the total revenue generated from in-game purchases in Illuvium."

The other 95% goes to staked ILV, right?

[remote apex]

With those new prices does it still make sense to buy land with silv?

[lapis ledge]

To my understanding, no. Land owners will collectively get 5% of the revenue from selling the total Fuel produced. Stakers will get the fee for purchasing fuel in Illuvidex. Can someone cmiiw?

[gaunt coral]

Then where does to other 95% go?

[dawn wharf]

The other 95% goes to stakers

[tired pumice]

Everytime you buy fuel you put in ETH right, so 95% of that goes to the vault, 5% goes to land owners. Approximately

[hearty cradle]

No

The ingame currency is Fuel

• landowner produce 5% of fuel
• the DAO produce 95% of fuel

The tx fee that you mentioned is P2P tx, it has nothing to do with Fuel

[dire tiger]

you are the one I saw on twitter. Nice to meet you.

[tired pumice]

Hi, nice to meet you too 🙂

[analog inlet]

landowners only get 5% in game revenue of purchases made with the fuel token #809220563397902346 message

[tired pumice]

i dont get you

[hearty cradle]

which part

[tired pumice]

i did not mention tx fee

and i think we're just basically saying the same thing

[hearty cradle]

landowners can keep their fuel, they are getting fuel in their wallet so they can use it ingame
the 5%/95% is to determined how much fuel the DAO is minting
that is why it is called a balancer pool, you are balancing supply and demand

if every land owner decided not to produce fuel, the DAO will mint 100% fuel, in this case, 0% goes to land owner

[tired pumice]

yeah i know that. i probably worded it poor

[calm trout]

sILV2 still valued as ILV in the sale, right?

[tired pumice]

yes

[remote apex]

Does it make more sense to buy ETH or silv for land?

[cursive walrus]

Did anyone figure out the total expected eth raised if everything sells at top price?

[odd marlin]

About 165,000 eth

[cursive walrus]

Lovely

[potent dock]

#🎮〕illuvium-zero message

[rain breach]

Only for the first sale or for all the sales?

[odd marlin]

So say everything goes at ~50% max price. That means the sILV2 could buy up about 50% of the land, and 50% would come from ETH. So about ~40,000 eth. There are, what, 7,000,000 ILV in existence, so each staked ILV will get ~ 0.005eth in revenue distribution. That doesn't include Tier 5 sales. So 100 staked ILV gets you a nice .5eth payout. That isn't half bad. If the Tier 5 goes for around $10mm each that is another 6-7k eth, or another ~0.0015eth revdis per ILV.

[potent dock]

This is just for the first sale, 20k plots.

I guess the actual figure is slightly lower (like, maybe 120 ETH lower on the maximum) because of the 25 plots being withheld for rewards, and the 4 plots for testing.

[hearty cradle]

the treasury should buy them

[odd marlin]

@dusty cobalt I wonder if we could update that google doc with the ~expected ETH revdis per ILV

[remote apex]

I guess it makes sense to buy silv for land if it costs less than $535? Or would the amount of silv needed to purchase increase in that situation ?

[dusty cobalt]

updating with what?

[odd marlin]

Damn, I mean, if each staked ILV gets you ~0.005eth each land sale, and there are 5 of these sales. The land sales alone give each ILV and expected yield of ~0.025eth. Right now ILV = ~.175eth. So that is ~16% yield by itself.

[rain breach]

Aren't the scanned blueprints only skins for the illuvials?

[odd marlin]

@dusty cobalt Add another row maybe, or another sheet, showing what the Revenue Distribution per Staked ILV would be if everything sells at MAX, and maybe 50% price?

[little moon]

yeah sure... but cosmetic Prices goes how is the Interest of the Iluvial... we only see a bunch of all...

[dusty cobalt]

ok but there's one more assumption how many are going to buy with sILV vs ETH

[rain breach]

I don't think owners can keep the fuel they produce. It all has to go trough the pool.

[odd marlin]

@dusty cobalt yea, i think pessimistically 100% of the sILV2 goes to the sale. I don't think that'll be the case, as people will save for illuvitars, in-game fuel, ect. But it would create a good rough estimate for the potential yield of each staked ILV token per landsale

[hearty cradle]

fuel goes to the pool, swapped with eth and swapped back to fuel, goes to your wallet

[rain breach]

Exactly.

[white cedar]

Is the ILV land on Immutable X?

[feral wharf]

why land tier is so expensive

tier 4 = 80eth....

[little moon]

After some calculation >> Tire 1 in the last minute will be >> 0,1806895362 ETH (545$ now) , Tire 2>> 0,5420686085 ETH (1626$ now), Tire 3 >> 1,806895362 ETH(5420$ now), Tire 4>> 7,227581447 ETH (21682$ now). Who want i can give full timing by minute for etch Tire

[gaunt slate]

Just remember, if whales buy all the land at the top, and us plebs don't get a real shot, it just means we're all about to get a fat RevDis payday 😄 lol

[vast gate]

I did the same and I simply use the 10% estimate. That is, the lowest price at the end of the 2 hours will be about 10% of the starting price. So T1 starts at 2 ETH and after 2 hours will be 0.2 ETH (but exactly 0.18069 as you said)

[feral wharf]

i think rich man can by tier4 in fulltime

[hazy jewel]

Can you explain me this statement ? Landsale will generate RevDis for ILv and ETH/ILV stakers ? with wich formula ? thank you

[little moon]

tire 1 will be accesible, the other not reali i will say. 😦 i was thinking about tire 3, but eveny at 120 min, is to mutch for me 😦

[exotic frost]

is there a bottom price that each land will reach?

[little moon]

Tire 1 in the last minute will be >> 0,1806895362 ETH (545$ now) , Tire 2>> 0,5420686085 ETH (1626$ now), Tire 3 >> 1,806895362 ETH(5420$ now), Tire 4>> 7,227581447 ETH (21682$ now). Who want i can give full timing by minute for etch Tire

[gaunt slate]

Eth generated by the land sale goes into the vault. The Vault buys ILV from the open market and distributes it to ILV Stakers in each pool equivalent to their share of the total staked ILV

[vast gate]

Yea it is tough and can only do what you can afford and think is right. Btw there is a spreadsheet pinned that has the calculation you are referring to but in 10 minute increments

[exotic frost]

ok ty

[fierce pollen]

Hey guys, so just checking, land can be bought with Eth or sILV2?

How much silv2 will be needed to buy a tier 4 starting at 80 eth as soon as it goes live?

Thanks

[little moon]

i have etch minute 🙂 in google doc.

[dire tiger]

there is a pinned calculator by DP2 in the pinned post.

[vast gate]

461

[fierce pollen]

Thanks guys

[little moon]

can 1 person buy more then one land?

[dire tiger]

definitely.

[analog inlet]

yes

[dusty cobalt]

not sure where to get that info live from

i have it

[odd marlin]

The staking website say there is $733,390,897 worth of staked ILV. So divided by current price $534.34 that is roughly 1,372,517 staked ILV. Etherscan shows a max of 7mm ILV. https://etherscan.io/token/0x767fe9edc9e0df98e07454847909b5e959d7ca0e

[little moon]

Can some one hellp me to understed 2 thinks >>

1. The land we buy will produce x amount of fuel per day, do we know how mutch? And how we can then transfer that fuel to the main game using ETH network (then the game fuel go to the metamask, and then i can seel it or use in game?

2. Will tire 1 land, be enough for me to play this game for free in the future? I just want to figure out, how mutch land i need to be able to have enough fuel for traveling the tire 1-5 in the game.

Thanks.

[dusty cobalt]

i'm going to take 7 m i think

[dire tiger]

1. The amount of fuel per day is not out yet. You cannot transfer fuel to the main game. you have to sell the fuel directly to the game and the game will sell back to the players.
2. hard to say since we do not know how much fuel it will generate. but if you are looking for an investment to play the game, staking is the way to go (to get the sILV2). How much to stake? depends on how much you want to spend on this game per month.
   Cheers!

[analog inlet]

@little moon here is some more info about how fuel revernue works #🎮〕illuvium-zero message

[hazy jewel]

So pretending 1 Mill ILV staked at the time of the landsale and a gather of 40k eth from the land sale, how much will be distributed through the holder ? 0.04 eth for each ilv staked ? i just made 40k / 1 M )

[little moon]

1. is thar mean we will pay ETH gas fee for thos transaction? I will be a bit expensive no?
2. I have 20 ILV staked. But i am acumulating them, want to see if i can buy lend to minimse the speinding on the game. I plan to play a lot 🙂

[dire tiger]

1. you can choose to pay sILV2, hence staking. (sorry, if you mean selling fuels, the transactions will be on IMX "or the layer 2 the team chooses" so no gas fee).
2. Land will be a long term investment, in my view. If you just want to focus on the main game, staking in my view is the way to go to get the sILV2 for most of the things you need to play the main game (except buying illuvials). NFA
3. also the Land is for those sweet blue prints which we do not know how much they will worth 🙂

[little moon]

so complicated, but i hope will make sens when the both game will be working 🙂 , lets wait and see. If you buy some land for eth, and in x amout of time, the game will give you back the ETH for swaping the fuel for ETH. Is complitly make sens just to buy and wait 🙂 . The price of the gas will be dictated by demand, of by game as 95% is produced by them?

[potent dock]

7M is actually pretty close. 2M seed + preseed, 1.5M team, 1.85M treasury, 1.372M ILV only, 240000 (half value of SLP staked) = 6.962M that should be revdis eligible.

[dire tiger]

yeah. without know the demand and the production capacity, it is very hard to calculate the return on selling fuels.
Personally, I would buy just because 1. I want to play it. 2. land price can appreciate 3. blue prints.
Fuel is just an added bonus.
NFA ofcourse.

[viscid solar]

Links aren’t permitted in this channel. You’re welcome 💁🏼‍♀️🙃

[odd marlin]

@potent dock are all those seed, preseed, team, and treasury tokens considered staked and eligible for revdis?

[potent dock]

Staked and eligible for revdis, yes. They don't get yield rewards though.

In-Game Rewards (1M) do not get yield or revdis though.

[dusty cobalt]

hum i got to 7 324 798

[little moon]

how the game will work, i mean to build somthing we will need somre resurces? we will need to pay for that (like thos pay to play game, when you can buy resurces and just build all fast) , or is just mater of spending time, and as reward we will be able to extract more fuel?

[potent dock]

Rewards distributed =/= ILV claimed.

[vivid cipher]

Yeah. Pending rewards are not eligible

[potent dock]

There's some pending floating around, even after you take sILV off.

I think there's also some ILV only rewards that remain in V1 that are (not?) being accounted for by the website. I noticed that in Lelahel's calc earlier.

[dire tiger]

You can read the pinned posts or check out some of the YouTube channels in #🎨〕community-content to find out more about the game play.
Also I am sure the team will be releasing more info on the game play on illuvium zero soon. So you can watch out for it on illuvium YouTube page.

[potent dock]

His value doesn't match the TVL from the Dashboard.

[dusty cobalt]

yeah it's not the same but the best amount i could find atm, and it's only going to underestimate the revdis calculation which is ok, the other way would be bad

[dire tiger]

Also infoluvial is a good place for info. Unfortunately, I cannot post links here. But you can search for their website. They are on Twitter also.

[dusty cobalt]

@odd marlin

[odd marlin]

@dusty cobalt glorious! Well done. I think that is super useful for anyone trying to consider ILV as a cashflow investment. Appeals to bankers and the likes.

[viscid solar]

Interesting land news

[lethal trail]

Stupid question, if you purchase land and the transaction is pending for some minutes.. if the price drops some % before the tx goes through do you pay the new price or you miss that % discount?

[empty path]

If it's pending for some minutes, it's probably because somebody else got it 😅

[lethal trail]

And in the case a miracle happen and nobody is sniping that piece of land at that moment? I'm just curious about how that would work

[empty path]

I'm pretty sure you pay the price of the moment you accepted it.

[lethal trail]

That's what I thought thanks

[hazy jewel]

Can you help me understand the scheme regarding sILV2 consumed 80 % ( purpose of the spending is buy land ?), mean buy price 50% you assume lands goes for the 50% of initial offering ? 7 million i lv token are already out and ready to generate revdis ( i immagine that until 2024 not all the ilv will be distributed ) What's determine the sILV2 max supply ? ? You calculeted 43k silv spent in each tier , why only 43 k ? and why eth is much more and doubles every tier ? finally for revdiv you calculated on 7 mil ILV will be around 0.01 x ilv staked, but how come if not all the 7 mil ILV are generating RevDiv ? Thank you

[vagrant heron]

How exactly does IMX work for landsale? Do I need a specific wallet where I have my sILV2 on or can I still use my wallet which I am using for stake? Coinbase wallet or ledger?

[dusty cobalt]

%sILV2 consumed
not all circulating silv2 will be used to purchase land, some people will keep silv2 for other purposes (in game purchase, illuvitar, ...)

Mean Buy Price%
The mean buy price is what you assume the lands to go for on average

sILV2 Max Supply
silv2 max supply is scrapped every minutes directly from etherscan

sILV2 Spent
sILV spent as been devided equaly accross all tier because it doesn't matter it's it spent on tier 1 or tier 4 land. You take max supply divided by 4 and multiplied by how much % of the total supply of sILV you think people are going to use (since we said before, people will keep some sILV for other things)

ETH Spent
(This is Starting Price * Mean Buy Price * Number of Plot available) - the sILV2 part

There's less plot for each tier but price of higher tier land is significatively higher

** Revdis 7m ILV**
I'm not sure i understand that last question

[tranquil python]

Any ideia of the buy power of the circulating sILV2 in USD?

[empty path]

215k * 531

[quick grail]

Only just woke up. Don’t really want to scroll all the way back through. How’s everyone feeling about the prices? I’m fine with the starting points. My dream of a tier 3 is likely over but I always expected that to be a long shot

[tranquil python]

Thank you

[empty path]

I feel like most people like it

[hearty cradle]

I was hoping for a 3x

[quick grail]

That’s good. Was worried it was going to be a war zone in here lol

[empty path]

Some people say it's too high but once you ask if they understand how a dutch auction works, they don't reply anymore. For now I think most people understand these are decent prices

[hearty cradle]

it matters because whales are going to buy the good plots at starting price for their megacities

[quick grail]

I could probably grab a tier 3 but for me personally I refuse to claim my rewards in sILV2. Gotta stack and compound that ILV baby

[empty path]

I'm still not sure we will know what the good plots are

[hearty cradle]

lower starting price means better chances for average
the good plot is lower tier next to higher tier

at least you can fight in gas

[quick grail]

But that’s basically the same as having a higher starting price

[potent dock]

The watery ones, cause Atlas is bis

[empty path]

[potent dock]

I'll unironically go by region where I can find Illuvials I like though

[hearty cradle]

a good plot is bought at starting price, average wont even bother to bid at higher tier starting price

[viscid solar]

https://tenor.com/view/salesman-sold-auction-gavel-gif-12003556

[viscid solar]

God I need this emoji

[quick grail]

Im keen on any region. Like I’ve said before. They made a region called crimson wasteland look stunning. I can’t wait to see the rest

[hearty cradle]

so basically the average gamer can only afford T1,
the higher tiers are not for average
T2 used to be feasible for average

[viscid solar]

I think T1 is gonna be gas war central

[empty path]

You need Jezus

[hearty cradle]

So let average have a gas war
But not for whales?

[viscid solar]

Sorry, I’m in the Church of CTHULHU 💁🏼‍♀️

[empty path]

I accept your apologies

[viscid solar]

I’m suggesting there’s more common people with enough to buy T1 PLUS the whales who wana stack land, than just whales for T3 & T4

[quick grail]

Gas wars are always for whatever is most in demand. Which was always going to be Tier 1

[severe oracle]

I am anticipating that with the amount of people in this community that almost none of the land will be sold less than the starting price still.. The price is high, but there is a large enough sample of people that can afford the high prices to buy it all out. What does everyone else think?

[quick grail]

Would be nice if you got a royalty if you built the skin on your land aye

[viscid solar]

There goes my LAMBO money 💰
https://tenor.com/view/lamborghini-lambo-pink-car-shaka-driving-gif-12692943

[hazy jewel]

First of all thank you for your answer and patience: my question regarding revdiv is: you are assuming that the share for the whole landsale have to be divided equally for 7 million ILV , right ? but why since not all ILV has been distribuited? should all the landsale profit be divided on the ILV wich is at the moment on stake ? ( should be 1.3 mil ) Thank you again

[viscid solar]

I think that there’s 24 hr drops over 3 days and no one except bots can stay up for that

[potent dock]

I really don't think we're gonna have a $500M land sale. I'd be incredibly excited about it if we did, but I'm thinking anywhere from 15% of starting prices on average to maybe 40-50% tops?

A $100M land sale is what I was expecting, which would also be covered entirely by the existing sILV supply.

[hazy jewel]

Atlas is bis ? i didn't read anything regarding the ingame mechanic, where can i document myself in order to get an idea of what is best ? thank you

[potent dock]

Just thematically, I like the little guy haha

[quick grail]

Thats about all you can do though to keep it fair. Cosmetics that do nothing but add flex value

[hazy jewel]

ahaha ok thanks 🙂

[dusty cobalt]

Oh, the total number of ILV is 10M, i've removed all of the ILV that will not get revdis, you can see the detail of that calculation on the right

[quick grail]

Yeah this land sale was always going to be a big sILV burn.

[south belfry]

There’s no point anymore dude, it’s the same 20 people that keep pushing the same narrative down everyone’s throat on why it works best that way and that it fixes all the problems of the old prices, but the same problems are still there with higher prices and we just get called dumb for not understanding the system

[potent dock]

This is pretty rich.

[south belfry]

If you were expecting a 100m land sale what was the point of increasing the price then when it was already over 100m 🤦🏻‍♂️

[quick grail]

Lmao Jag answers his own issues man. He wanted 3x starting prices but complains only tier 1s are affordable? Why would he want higher prices then? Because he knows that higher prices means less demand which means less gas war

[south belfry]

That’s so wrong because once the T1 goes To the price that the market deems is right it’s gonna be a gas war anyway

There’s more people who can afford tier 1 than tier 4 which means more demand and gas wars for tier 1 when it gets to the market discovery price

It doesn’t matter what you put it at T1 is the entry and will be fought over the most

If it all sells out at 2eth then it made no difference in gas lmao

[hearty cradle]

Why not 10x it then?? Why stop at 4x ?

[south belfry]

The team sure seems to disagree that its wrong and the increase fixes everything lol

Theres only going to be approximately 600 plots up at any given time which forces everyone to watch those and fight for them

Seriously if gas is a problem to people they shouldn’t be on eth

[viscid bolt]

I think they should have 10x'ed it. 🙂

[south belfry]

You’re gonna pay gas for anything no matter what

[hearty cradle]

lets 10x it

[south belfry]

This still won’t fix the problem because people will still just fight for it and have gas wars when it gets low enough lol

[potent dock]

Because no one would ever figure out that instead of paying $100 in gas you could just pay $100 more for the plot and skip the gas war.

[quick grail]

So why do you want a 3x in price but also complain only whales will get the best plots

[south belfry]

You’re still spending 100$

[potent dock]

Yup, but it's going to the vault instead of to miners.

That's good.

[south belfry]

Lol it’s always something else

Screw the whole chain that illuvium is built on lmao🤣

[hearty cradle]

because i want to see more average player playing and owning IZ, rather than just whales managing land

Why not 10x it?

[potent dock]

Yeah, we're really sticking it to the entire ETH network by holding a sale without a gas war. I might not be able to sleep at night.

[south belfry]

Stop you’re going to trigger solar with this it’s not meant for average people

[hearty cradle]

goddamnit

[vast gate]

No one is saying it will fix the problem but it will help the problem. What is your solution?

[lethal thunder]

Limit 1 land each wallet

[hearty cradle]

10x it bruh more revdis

[hearty cradle]

And make a list

[south belfry]

Until you get frontrun by a bot sniping the lowest prices that people transact at

[viscid bolt]

Higher start prices does something else positive besides potentially helping with gas wars: some whales will want to just purchase land and not be patient to wait and perhaps miss getting the land. Having higher prices makes these people pay more which is good because it means more revdis and more burning sILV2.

[hazy jewel]

But the assignment for the plot is random right ? so i've to buy a land and then discover where it is and what i s its feature, right ?

[vast gate]

If a bot is buying at starting price then yes but with higher starting prices a bot may be set to buy at a lower price, thus giving you a chance to buy before the bot does. You seem to complain a lot and not offer an alternative. So what is your solution?

[south belfry]

Just let the sale happen at the original proposed prices, they say don’t buy the starting price for these so the same rule applies there. What makes them think it would all be bought with the original proposal when we can’t even get decent marketing or any gameplay

[vast gate]

There have been decent gameplay leaks. So you prefer to have a gas war and possibly lose out on land to bots, got it

[south belfry]

Bots detect transactions and can still front run you no matter what price it’s at

[quick grail]

Because at those last prices where the price of ILV was they could all be bought instantly at starting price with just sILV

[vast gate]

Say you personally value T1 at 1 ETH. Would you rather have the auction start at 2 ETH and let it drop to 0.9 ETH + 0.1 ETH in gas and get the land, or would you rather have the the auction start at 0.5 ETH try to buy immediately and spend 0.5 ETH in gas and not get the land because bots bought it with paying more in gas

[south belfry]

I’d rather it just start at .5 because gas isn’t guaranteed to be .5eth lmao and a bot can still frontrun me at 1eth

[vast gate]

So you would rather lose 0.5 ETH than get the T1 land. That is exactly what you are saying based on my example

[south belfry]

Just like it isn’t guaranteed that All of T1 would sell at .5 eth when 50% of the holders can barely afford land starting at .5

[south belfry]

You’re not guaranteed to get the land in either scenario and saying gas is fixed at .5 is a horrible scenario because gas always fluctuates

But like everyone else’s counter to me just wait for the price to drop why would I buy at starting price

[vast gate]

You are not understanding me. I never said land was guaranteed and I never said gas was fixed. The example I gave was you maxing out your budget to attempt to get the land.

[south belfry]

Either way if I lose it’s not an equal comparison though because what if I get the land in both scenarios

It’s still 1 Eth

[potent dock]

Illuvidex fees are 5%, IMX fees are 1%.

[south belfry]

If gas is that high to begin with you should know there’s people in front of you so why would you buy

[vast gate]

One scenario has a more likelihood of not losing eth in gas fees

[south belfry]

What % of the eth revenue goes towards rev dis from the sale

[potent dock]

From the land sale itself?

Or from secondary sales on IMX?

[south belfry]

The sale itself

[potent dock]

All of it.

[south belfry]

Not really if everyone else has the same 1eth target but like I said everyone seems to be so sure 12.5k T1 are gonna sell out at .5eth when 50% of the silv2 holders barely have enough for that

[vast gate]

I think that is the difference in belief. You believe land won’t all sell out at the previous starting prices while most others do

[barren spruce]

https://tenor.com/view/the-dark-knight-joker-batman-here-we-go-gif-3430376

[south belfry]

Moonbois do

And they can spend the .5 while I wait for lower

[barren spruce]

Sounds to me like you’re complaining just because you don’t like what’s being proposed and voted on 🤷🏻‍♂️

[vast gate]

Well if it starts at 2 ETH you should still believe it will get to 0.5 ETH. So really it should be no problem for you

[south belfry]

So should a lot of other people that saw the previous prices and then have gas wars at .5 lol

[barren spruce]

There’s a lot of things I don’t agree with or don’t like but it is what it is, not everything is going to go my way

[south belfry]

No it just baffles me that people are calling to pay more for something that has been delayed, poor communication and zero potential production of each thing

[vast gate]

This will at least give people the option to try and buy at 0.6 or 0.55 which should help with gas wars. Not eliminate gas wars but help

[vast gate]

Then don’t buy. No one is forcing you to

[regal trout]

People pay >100 eth for useless jpeg.. would know why not for a delayed utility..

[south belfry]

Moonbirds should have minted at 15eth cause obviously their mint was too low

[analog inlet]

https://tenor.com/view/salt-salt-intensifies-salty-gif-12158900

[south belfry]

A jpeg that airdropped thousands of dollars in Ape that can be used on their land sale most likely without fear of anything cause they gave it out for free

[potent dock]

Yup, there are something like 8 or 9 seperate possible prices between .6 and .5 during the decay.

[barren spruce]

Disagree.

1. Not everyone wants to pay, if some ppl do, let them, more silv/ilv burn or more rev. dis, either it’s good for the ilv economy in the long run

2. AAA games ALWAYS been delayed, every single game, it’s expected and it always happen.

3. Poor communication yes but only a few times, I myself bought hundreds of silv when it was 400-500 because I thought the land sale would happen last year(still mad at the team) BUT out of all the NFT game projects, ILV has always been transparent and engaging with the community.

4.zero potential production ? Not sure what you mean by this

[regal trout]

Most of NFT are useless. Cmmon lets be serious right here.

[south belfry]

.4- production rates haven’t been established like of your making 10,20,30 fuel an hour etc

[viscid solar]

[potent dock]

Mobile did not do my formatting any justice 😢 It looks better on PC lol

[barren spruce]

I’m gonna soo enjoy the T5 auction

[quick grail]

Dude like I said all that land could have been bought instantly with sILV. That basically guarantees a vicious gas war. There is over 100 million dollars worth of sILV2 buying power out there right now. With people yet to claim more if they wished. And back then the price of ILV was a lot higher. So would have been over 300 million of buying power. The math isnt 100% because there is now more sILV in circulation than there was back then but it still paints a telling picture

[south belfry]

No it couldn’t, I told you 50% of silv holders could barely or not afford T1 at original prices

[potent dock]

Oh man I was so bogged down in specifics I hadn't even thought about that... that's gonna be awesome to watch

I hope Andrew can play auctioneer... maybe with a tophat...?

[viscid solar]

Yeah I don’t do pc discord 🤮

[barren spruce]

Just thinking about it helped me with the land sale delayed PTSD

[viscid solar]

Do these projections include the 2 T5’s? @deep sedge @potent dock

[potent dock]

Nope, and they mistakenly include the 25 T1's they are withholding for promos, and the 1 of each tier they are withholding for testing. So the max is something like 156 ETH less than listed. It's .094% off the actual max and min values.

(for mine)

[south belfry]

How fast are plots gonna be marked as sold so people don’t waste gas running transactions that are guaranteed to fail

If it updates a slow as opensea people are gonna get rekt

It should say gas is like 2eth if you try but just wondering

[rigid trout]

Yeh baby loving the high prices. Burn that silv, give stakers the chance to sell their stakes for good price and mint more sILV2 when it pumps.. or sweet revdis! The right decision imo 👌 don't sell that precious beautiful land for cheap. It'll be worth a fuk ton later

[viscid solar]

This is IMX protocols

[high sleet]

The new proposal directly overwrites the boosts from this discussion yes @amber atlas ? Can anyone 100% confirm this

[rigid trout]

I hereby predict that all T1 land gets instasold at 2ETH

[viscid solar]

2ETH + 10ETH gas as @deep sedge predictions lol

We missed a minute prior to Aaron’s comment about structures on zero land being in Overworld, but my god this makes the prices worth it ✨💯✨

[analog inlet]

https://tenor.com/view/thats-the-dream-christy-anna-faris-mom-corned-beef-and-handcuffs-its-my-dream-gif-19831244

[left musk]

Do you need to cancel the transaction in this case?

[paper flame]

I really don't think everyone will fomo in when they don't even know what the return is going to be. It's a three day sale.
Tier 1 average sale price will be .5 ETH
Tier 2 2 Eth

[barren spruce]

I don’t think it’s the FOMO nor ppl actually care about the return, a lot of ppl just want to own a piece of a project just like many other NFT sales in the past

[hasty wagon]

any good reference for land utilities again? T3 doesn't have a guaranteed fuel right?

[paper flame]

I think those people are more interested in the Rev Dis Bro. Alot of people watching this landsale are just gamers who want to play for free and maybe make it big.

[barren spruce]

That’s just the bonus

[hasty wagon]

what is the utility of Hydrogen, Carbon, and Silicon?

[lofty bramble]

Where did they say the dates?? Must have missed that

[loud gazelle]

welp with new land prices i cant even get 1 tier 1 land from the time i bought in on november due to price falling a cliff

[barren spruce]

“Starting”

[vast gate]

I didn’t see it anywhere. Do you happen to have the reference?

[snow hatch]

https://tenor.com/view/baby-scared-shocked-shocked-baby-gif-12168176

[vast gate]

Thanks. Yea looks like mid next month for the land sale assuming everything goes smoothly from now until then

[analog inlet]

personally, i sill consider that no official date

i didnt say you did ser 😆

[vast gate]

We all know about the team and dates. Nothing is official until it is official 😆

[harsh dew]

T5- Live Auction will be something to watch!

[vast gate]

Yea I’m glad we will get to watch that. Should be interesting

[umbral summit]

bummed that I just got priced out of a tier 1 plot.. Looks like I am going to have to hard save to get one..

[barren spruce]

November land sale still haunts me

[umbral summit]

Has anything been released about gas production/general price of gas to sell? For those that are strictly using it for revenue from gas sales

[vast gate]

I think you mean fuel. But I don’t think anything specific was mentioned besides an estimate of about $50 for travel which I believe included shard cost.

[umbral summit]

gas, fuel, petrol... whatever LOL I do see how gas can be a misunderstanding though... Thanks for the info! I didn't think I saw anything in the proposal from Kieran

[vast gate]

Lol all good. I try to keep on calling it fuel since that is what is specified and to not confuse it with gas fees. But yea it was awhile ago when Kieran mentioned an estimate on travel and share costs which are purchased using fuel. But yea nothing in the IIP afaik

[tawdry plank]

And my prediction, you'll be able to buy T1 under 1 Eth. Over 12K T1 plots

[fair temple]

This was wayyy too high though and Ben has repeatedly said he would make sure to cut that cost down. I personally think the price will be more along the lines of an actual pack of cards :) so 5-10$ for a trip.
And in that trip you can catch multiple illuvials. So yeah, T1 illuvials wont be worth 5$ each with those numbers haha

[umbral summit]

At least a tier 1 can still scan illuvials and weapons etc etc... Kinda still unsure if its worth 6k at current price though... tbh

[fair temple]

Dont misunderstand. 6K$ is definitely not their actual value. Or at least not what the team would give it. They set it up higher than the actual value to circumvent gas-wars. And i think with these starting prices and a decaying price all the way down to 300$ for a T1 land, this is pretty good :)

[vast gate]

I see. Thanks for this. Yea it will surely drive the price of illuvials but yea I thought $50 per travel was a lot. If you did that twice a week (which isn’t a lot imo) that would be $400 a month which I think is a large spend compared to other games. BUT you would get resources and illuvials that could be sold for even more. So yea I don’t know what the right call is. Probably $5-10 seems more reasonable for mass adoption

[fair temple]

Starting off too low is always the right call in this case. It is better to increase prices than to lower them and have people lose money over it.

[vast gate]

$6k start down to $600 minimum. But yea the goal I think is for no one to buy at the start and let people start buying in at the price they value it at.

[fair temple]

6K is 100%, all the way down to the bottom 5%~ which is a 20th -> 6000/20=300

[vast gate]

The starting price should feel ridiculous

[vast gate]

The bottom is roughly 10%

[umbral summit]

my fear is that even with the decay due to dutch auction alot of people will still ape in as soon as a new plot arrives. I understand what you each are saying. But I also dont see tier 1 land going for 300 schmackaroos. Or even 1 eth. ESPECIALLY since there has been no information on fuel cost etc

[vast gate]

Raise starting prices! 😂

[fair temple]

#💬〕general message

Our infograph did say that the bottom would be at roughly 10% lol so thats on us.

[vast gate]

Wow I’m surprised he said that. 2% price degradation every minute for 2 hours makes the bottom at roughly 10% of the start.

[fair temple]

Is 300 too much* for your taste? Cuz, we have 200K+ sILV2 and people will not be afraid to use it lol dont you worry about that. Haha

[umbral summit]

^ my point proven. It isn't worth 6k but people will buy it for that price in sILV2 or ETH either way. Thus phasing out anyone else that had or has a chance to buy at decaying price

I do think the price raise will help out with FOMO to some degree.. but not much

[steep ivy]

Where if they buy at 6k they will be holding a bag for a long time, but thats how the market works

[fair temple]

Yeah it will be a bit of a weird first auction with this amount of sILV2. We will see how it goes! 😄

[umbral summit]

And really at end game it doesn't matter... More sIV2=less ILV so it increases everyone's ILV value even if the market's don't recognize it.

[steep ivy]

How much of the land thats going up for sale this auction could be purchased with the SILV2 thats been claimed so far?

[umbral summit]

Let me find it, I LITERALLY was just looking at it...just give me a juicy second

[umbral summit]

@steep ivy#🎮〕illuvium-zero message

[potent dock]

Aaron and Kieran both mentioned today that the floor is about 4.79%.

[vast gate]

We probably won’t get there anyways but that math doesn’t work out with a 2% decay each minute for 2 hours

[potent dock]

I'm aware, it cooresponds to a 2.5% decay each minute for 2 hours. I'm waiting for clarification on it.

[vast gate]

Ok great thanks!

[potent dock]

It's been suggested their could be something going on with block timings, but we should wait for the team to clear it up 😛

[steep ivy]

Oh wow so if land hits around 20% the land sale could theoretically be cleaned up in just sILV2

[potent dock]

22.48% yeah.

Assuming all sILV can be spent. Lots of people will have little bits left over after their plot, if that makes sense.

[minor pagoda]

🤔

[potent dock]

Any ideas?

[minor pagoda]

All I know is:

1. There is an asterisk in the IIP
2. 0.975 ^ 120 = 0.0479... = 4.79%.

2.5% decay per minute is latest info I obtained from Aaron and that math checks out with 4.79% end of batch price
That being said, the asterisk is there for a reason, knowing the team it would be for emphasis for the council to have a look at/discuss that key variable specifically, but not 100% sure

[vivid cipher]

The price of fuel doesn’t matter. All that matters is how many players are willing to pay when playing illuvium and how much they are willing to pay. Maybe a fuel token is worth $1000 maybe it’s $1. Either way the land owners have the chance to get around 5% of the eth used to buy fuel that players need to play illuvium if they don’t have silv2.

[vast gate]

That must be it then. 2.5% per minute and yea I did notice the asterisk but didn’t see any note regarding it. Thanks for the update

[tall bear]

Does anyone know what’s the fuel bonus provided by the landmark on T4 please ?

Or does the production boost table in the iip already includes the landmark bonus ?

[analog zodiac]

5% spread over 20,000 land plots, obviously weighted more toward higher teirs but its still basically nothing in terms of ROI at the end of the day, UNLESS revenue is on the scale of say Microsoft...

[vivid cipher]

Exactly. Land fuel won’t passively outperform staked ilv. It’s a game not a better passive investment.

[regal trout]

I still don't get why the necessity to make IZ.. looks like just a another thing to worry about without any advantage for the Illuvium brand..

[vast gate]

I couldn’t agree more with you guys. That is why people shouldn’t FOMO in

[amber atlas]

because the Illuvium vision is to build a set of interconnected games?

[lapis ledge]

Thank you for this!

[amber atlas]

maybe an interesting equation is the end state: in-game revenue is split 95% to ILV tokens and 5% to land

but there are lot more tokens than land once they are all unlocked (exact figures pending how much sILV2 is minted)

(tokens do also get other revenue that isn't 'in-game', but I think it is reasonable to assume in-game revenuee will be a pretty significant percentage of overall revenue)

although fingers cross the Illuvium film has a billion dollar opening weekend

🙂

[viscid solar]

For #809220563397902346 : we are still ahead of the game while Axies is having a meltdown. Im thankful Kieran got the IIP out, it looks good, let’s roll with it and there’s 4 other auctions if need to make adjustments

[regal trout]

I don't think IZ will be fun to justify. Could be wrong, but atm i don't see otherwise.

[amber atlas]

we want to target all kinds of audiences, a lot of people love these kinds of games

Simpsons Tapped Out (EDIT: better comparison than Clash of Clans) has a lot more players than TFT

[regal trout]

hope you are right.

[viscid solar]

I am looking forward to IZ more than ANYTHING. Hell, If there were no Illuvium games but IZ and land, it be HUGE.

[amber atlas]

the focus for me with IZ design was making systems that make sense, and getting the core in place, I also really love the interaction between in-game and real-world economies

but now we have Khaled (game designer) who is focused on growing it in to something really fun

[regal trout]

will be any kind of revenue coming from IZ (besides the land sale)?

[amber atlas]

payments for speed-ups (via IAP or crypto), possible other in game features can be purchased in similar ways

[viscid solar]

For land owners, yes 5% fuel

[amber atlas]

I think he/she means for the DAO

[regal trout]

don't even know the existence of Simpsons Tapped Out. Cool. xD

[regal trout]

Get it. But, from the players playing the IZ game?

[coarse tangle]

Can't wait for illuvium zero, just as hyped for it as the main game

[charred pivot]

I agree, broadening out the ecosystem with more experiences is great as people like different things and I feel it makes the game more interesting for everyone

[regal trout]

he. yeap. i mean that.

[viscid solar]

Not free to play players

[amber atlas]

exactly, some people want to play hard-core strategy games, some people want to play RPG games, and some people want to play casual mobile games

[viscid solar]

HUGE ALPHA! Sharing with ShinyShards ✨

[regal trout]

Sorry.. i think i don't express myself well.. (english its not my native language).

[charred pivot]

I'm a high level TFT player, but I wouldn't be half as interested in Illuvium if it didn't also have the overworld aspect attached to it

[viscid solar]

We have many in our guild who are not native English ✨ all is good. You’re doing well

[viscid solar]

Check us out on #899655780033261639 💪🏻✨

[regal trout]

I know. Lets trying to formulate better: People playing IZ could spend any money on the game? Like, paying for something otherwise than buying a land?

[sudden notch]

As a potential land buyer, I’m not loving these starting prices…

[amber atlas]

the eventual goal is for Illuvium Zero to be enjoyable for people who don't own land, its not the kind of game you will play actively for 6 hours per day, but that doesn't mean it can't be fun... I'm a pretty hardcore gamer (at least when time permits), but I still loved the Dragonvale game (another close analogy to Zero)

[viscid solar]

It’s free to play, players who own land can earn 5% from selling feel that they mine. The other 95% goes to the DAO

[hasty wagon]

so only T4s have guaranteed fuel.. T3s have either Hydrogen, Carbon or Silicon. What's the utility on these elements again?

[amber atlas]

yes, both free players and land holders, can use IAP/Crypto to speed up some areas of the game, and later (possibly/probably) for cosmetic upgrades, etc

[viscid solar]

Those come down over 3 days . OTHERWISE you’d have to love whales buying all 20,000 land lots

[amber atlas]

all Tiers (except free) have at least one Fuel site guaranteed

[regal trout]

That its what i tryied to ask about, anyway, ty you all for the answers.

[hasty wagon]

thanks, what about the elements? what's the utility on them?

Also, another utility is to scan blueprints? More of to generate Illuvial-like NFT skins?

[amber atlas]

elements are the core resources used inside the game to build things and complete activities

you can't do anything (including extract Fuel) without them

[charred pivot]

Thanks, I'm already kind of affiliated with another guild 😅 but I'll have a look 👍🏾

[viscid solar]

I did not know this! 🙀

[amber atlas]

Re: blueprints - the scanning and research designs are pinned in this channel (and still quite accurate in general shape if not exact details), but basically it is a mechanism to allow you to discover new NFTs which allow you to create in-game cosmetic upgrades used in arena/overworld

one of the key aspects here is that there are lots of potential blueprints, meaning it is possible you might be the first to discover something, possibly even the only one, as they will cycle with seasons

[hasty wagon]

so these are Illuvium-Zero related build things/activities ... with the end-goal of being able to generate fuel?
or are these elements/output of doing something with the elements going to be useful for Trainers in the Open World as well?

just wanted to get a general feel on the main utility of lands. at the moment it's all about:

1. generating fuel (so trainers can travel to different places)
2. generate NFT skins

[amber atlas]

Elements have no use outside of IZ
(for now and I don't expect this to change)

[quick grail]

Johnny if you don’t mind answering a quick Q while I see you are active in here. It might be a stupid one but with the tier 3 resource landmark. How much of a bonus is that? For example it says tier 3 fuel is a 100% what extra does a landmark give to resource

[hasty wagon]

so elements are required to build structures etc with the end goal of being able to generate fuel? is that enough utility? i mean trainers can opt not to buy fuel and just walk endlessly from one world to another is it?

[amber atlas]

you must use fuel for many actions of the game, there is a free part of the game, but you do not get the full experience if you do not pay

[amber atlas]

sorry the IIP is a bit unclear here, the production boost is not the landmark boost... the production boost applies to everything on the site... and is pretty large, it help smake sure that the higher Tier sites are worth the increased price
the landmark gives a smaller boost for a specific type of resource
it helps to add some character and individuality to the different plots, without having a major effect on overall production
I think we have a pin with landmark details here

[hasty wagon]

ok so all land owners will eventually be like ore refineries/gasoline stations.. and then we put them in marketplace for our own price? is there price competition versus other sellers? or more like an LP?

[amber atlas]

Some land mark details: #🎮〕illuvium-zero message

[hasty wagon]

1 plot = 1 landmark?

[amber atlas]

T3 has 1 Element Landmark
T4 has 1 Fuel Landmark
T5 has the special Arena Landmark

[amber atlas]

do note the implementation has changed a bit here, in conjunction with some efficiency system changes that Khaled added

but the general idea is that it is a modest boost, which help gives different land plots different character

[hasty wagon]

"all Tiers (except free) have at least one Fuel site guaranteed"

^ what's the difference between a Fuel landmark and Fuel Site?

[vivid cipher]

You may have missed this response to your question. The short answer is yes. Here’s the beginning of the ways. #🎮〕illuvium-zero message

[amber atlas]

sites are the things that produce fuel (and elements), the landmarks are special structures that apply a global (to your land plot) boost to certain activities
(noting that you need to build a **Structure **on top of the **Site **to be able to extract the Resources from it)

[hasty wagon]

the most critical aspect here is the demand that Illuvium Players will have on the 2 outputs of ILZ owners:

1. Fuel
2. NFT skins

will those be necessities? i.e. irl people need fuel for cars on a daily basis either for business, pleasure

if there's 100% confidence on the utility of these regardless of the game situation, then the next level aspect would be the "gamification" /competition among ILZ owners of being able to produce those 2 utilities.

[amber atlas]

Fuel is a necessity, all revenue generated in-game is via Fuel, and land holders get 5% of that

you can only play the limited section of the overworld without Fuel, and you can't craft anything, capture Illuvials, fuse Illuvials, etc, without it

skins are not necessary, but people tend to like skins, its how many games exclusively generate revenue

add the fact that the blueprint and the skin are both NFTs and can be sold... we think people will want them

[hasty wagon]

yes, that'll be next phase... once people start to love the game, aesthetics will come naturally.
hmm... kinda confused a little bit.. blueprints and skins will be same right?
scan the blue print --> then this will allow us to generate an NFT skin which can be sold in marketplace?

[amber atlas]

no a Blueprint is a plan which lets you make the Skinned Item (assuming you have the ingredients)

[hasty wagon]

yeah, so it's not 1-time use? i.e. generate the nft skin then blueprint gone?

[amber atlas]

no

You have a choice:

• manufacture a bunch of Skins from your BP and sell the Skins
• sell BP
• hoard/manufacture a small amount

Particularly if you are first, or if very lucky, only, holder, this can be a very interesting choice

[hasty wagon]

ohhh.. so you can generate a number of NFTs (up to you) as long as you have the blueprint. I like that mechanic.

[amber atlas]

sure, assuming you have the ingredients

but those ingredeints might be worth a LOT for the higher-end skins

[hasty wagon]

ingredients = elements? or a permutation of all elements + structures will generate many different ingredients?
also, blueprints have rarities in them right? (Not all are 1-to-1).. so supply will depend on 2 factors:

1. blueprint rarity
2. how much supply the blueprint owner wants to generate

[amber atlas]

A skinned item is basically:

Skin = Illuvials + Fuel
Item = Ores/Gems + Fuel```

[charred pivot]

Yeah, the blueprint system sounds interesting

[amber atlas]

this is quite important to our economy as it gives another way to burn Illuvial NFTs, particularly handy for lower Tier stuff to let it keep its value, and making for very hard choices at the higher end

[hasty wagon]

illuvials and items with ILV zero? or within the open world illuvium? (lets you synch your illuvium account with ILZ account?)

[amber atlas]

items are used in Overworld and Arena

(i.e. the weapons, armor, boots, jetpacks, etc)

[barren spruce]

As of now ILZ only provides resources(fuel and stuff) and blueprints

To the main ILV game*

[hasty wagon]

so where do you craft this? where can I bring them all together?
ILZ? Marketplace? Illuvium Overworld?
Skinned Item = BP(not consumed) + Item + Skin + Fuel

[amber atlas]

Illuvidex or in-game in Overworld

(to be clear its not 100% locked down if it will be both or one of those)

[barren spruce]

Oooh so there’ll be some kind of a town or base in open world ?

[amber atlas]

sorry I need to step carefully here, as I'm not sure what has been leaked and what hasn't for Overworld

[hasty wagon]

single-sign on --- account synch / wallet identification when using illuvidex right?
i.e. it can find my Skin + Fuel from ILZ and Item from Overworld (assuming I can get it as drops there?)

[amber atlas]

your Illuvium account applies across all Illuvium properties

BUT Fuel needs to be transferred to your account , and Blueprints need to be Minted to your account

these are activities requiring structures in IZ (Marketplace, Zero-Point Transducer, Materials Lab)

[lapis ledge]

Hi Johnny. I asked this question in #809220563397902346 , but I'm still having trouble understanding. How does the DAO make sure price of Fuel stays within 25% range of the original price? And is the original price set by the DAO when they set the Balancer Pool by providing the X and Y amount of Fuel and ETH?

[hasty wagon]

on "Item = Ores/Gems + Fuel"

aside from being able to craft them ILZ.. items can also be drops in-game in the overworld right?

[charred pivot]

Haha, free the leaks 🚰
Jk

[hasty wagon]

balancer pool is good. that means, nobody can front-run selling fuel at a cheaper price, etc.
as to how to keep the price, I reckon this would need to have a calculated burning every now and then?

[amber atlas]

as much as possible we want to do this through in game mechanics, i.e. things happen in IZ that shift how people play the game what they focus on... or things change in Overworld/Arena to encourage different Fuel usage patterns... but we will use more heavy handed measures where necessary (e.g. to reduce price DAO drip feeds more Fuel in to pool above the 19x, as the price gets higher this drip increases)

[lapis ledge]

Okay thanks for the explanation. This means that there will be a starting price of Fuel alr set by the DAO when they set up the pools and the 25% will be calculated based on this starting price right?

[amber atlas]

yes

[lapis ledge]

Okay next question. If say that in the pool, there's no fuel that is bought or supplied by the players, but ETH increases in USD value significantly, will the DAO still supply more Fuel to the Pool to maintain the Fuel price (in terms of USD)?

[amber atlas]

this is still open for discussion (what do we pin price to), and in the end there will be an IIP to finalise these mechanisms before the overworld launch

[hasty wagon]

must be tied to ILV isn't it?

[amber atlas]

no could be tied to USD

what we mean by this is how does the DAO say the price is 25% above where it should be

if we tied to ILV and ILV goes through the roof, then playing the game costs more

[lapis ledge]

I see. That's the part I don't understand and can't seem to get a straight answer on. Okay I'll be waiting for the exact mechanism because if you do want to supply more Fuel in the scenario I mentioned above so that it's value is within 25% range from the original USD value, I think that pairing Fuel with a stable coin makes more sense so whatever mechanism you're using to keep the Fuel value in check doesn't have to work as much (because it needs to account for ETH price fluctuation in the Fuel/ETH pairing).

[hasty wagon]

as a future land-owner, I'd be happy if it's pegged to USD. more stability.

[amber atlas]

personally I think tying to USD is best, but that is not a final answer by any means... and IIP will need to be signed off once we get all the balancing mechanics in a good shape ready for community review

(if we want to cross over in to mainstream (we do), USD is easy for the general population to understand)

[sudden notch]

Potential land owners need to be able to calculate some kind of potential ROI. Current IIP is lacking in details that would allow an educated and well-researched financial decision to be made.

[lapis ledge]

If tying to USD does happen, is there any reason why we're using the Fuel/ETH pairing instead of Fuel/USD stable coin pairing?

[hasty wagon]

yeah, but it would be the same if it goes the other way around. ILV dumps. and fuel pegged to USD price is not practical for people to buy then people won't be able to play the game efficiently anymore (coz no-one would want to buy fuel).

of course, Illuvium Council can come in to adjust price when necessary. but this will be pretty much like the state of how fuel prices are being dictated at the moment irl. all depends on private companies supplying fuel.

[amber atlas]

I advise on the tokenomics and am in many of the meetings, but this is mostly driven by Aaron and Perry, so short answer is I don't know, and it doesn't seem like a bad idea, but would need further analysis

[hasty wagon]

yeah, this. if it's going to be pegged to USD price then why not create a Fuel/USD pool instead.

[lapis ledge]

Okay sure. We'll be waiting for the exact mechanisms 😂 So glad to be able to get a straight and to-the-point answer and get clarification on my follow-up questions. Thanks.

[hasty wagon]

@amber atlas on "Item = Ores/Gems + Fuel"

aside from being able to craft them in ILZ.. items can also be drops in-game in the overworld right?

[small star]

Is the bonus % for fuel landmark already set ? It's not in the IIP

And bonus question : is the percentage adding to the boost % or is it a multiplier ? 😄

[amber atlas]

no but the intent is that it is a small enough effect that it is not material (i.e. if it is a 10% boost on just one fuel type, it kinda pales in comparison to the 300% overall production boost)

its more about flavour and slight variations in the different plots

[hidden swallow]

Yes, it’s called Sanctum Mesa.

[faint lake]

So how many are going to fomo in on land just trying to get my numbers right?

[hasty wagon]

thanks for the replies on this @amber atlas. will try to create a summary for everyone. eyeing for T3.
last one, kierran mentioned in one of the interviews land sale could be end of this month. is that still happening or more like next month?

[tawdry thunder]

It’s not fomo if you’ve been holding for 6 months or more

[hasty wagon]

bought some silv back in January, ILV at $1k lol

[amber atlas]

me no say wen 😉

[analog inlet]

there are some that like to guess at dates but the reality is There is no official information on official dates for ANY Major Event ( land sale , illuvitar, open beta) lots of stuff is happening in Q2 please watch #📣〕announcements for more info Devs are pushing for a Q2 release of Illuvium: Overworld and Arena.Open Beta which is =full launch

[faint lake]

Fair enough..😂

[hasty wagon]

you can leak it and then delete message right away

[hearty cradle]

@amber atlas quick question, can we transfer fuel between the lands in the same wallet? thanks

[amber atlas]

transferring Fuel in to IZ has a time and resource cost associated with the 'Teleport' Activity on the Zero-Point Transducer

moving between two lands you own would still incur this cost

(lands in a megacity would not have this cost, they share resources)

so you can ... but not freely

---

in terms of UX currently there's no short cut button to do this easily (you would need to go out in one land, move to next land, and move it in), but something we would look to add at some point (ideally before open beta)

[hasty wagon]

open beta for ILZ and Overworld will come out at the same time?

[amber atlas]

roughly, it might make sense for IZ to come out a little earlier to give people time to ramp up Fuel production

[hasty wagon]

ow.. so fuel usage will already be part of Overworld open beta. that's nice. can test out the economy right away.
means land owners = guaranteed ILZ open beta?

[amber atlas]

the open beta is fully live and connected, the beta tag is just to indicate that we may still have some features to work on and minor bugs to fix

(its trendy these days for everything to be beta 😉 )

alrighty folks, I need to go do some work 😉 ... ciao

[hasty wagon]

yeah, that's fine always need mass usage/test before calling it as v1.
thanks for your time mate! looking forward to it!

[charred pivot]

Thanks for all the great answers.
Ciao grazie

[vivid cipher]

Check some of the pinned tools in here. You may find something useful. ROI is based on how many people are paying with fuel tokens while playing illuvium. At the moment ROI would be zero. Because no one is playing and paying. But once more people play and more people pay then ROI would increase. It’s a percentage of the game “income”.

!goals

[dry forge]

Illuvium is not meant to be just a single game but a gaming ecosystem that this DAO wants to develop to such a level that it can compete with gaming juggernauts like Blizzard, EA or Riot.

In 2020 Activision Blizzard's annual revenue was 8 Billion USD. At the time of writing this, their Market Cap is 64 Billion USD with a small dividend yield of 0.50 percent.

Illuvium offers 100% revenue distribution to ILV token holders according to their stake and with a max supply of 10 Million ILV to ever get minted, the revenue per staked ILV will increase with every additional game released.

[azure elm]

Different lands in the same wallet dont share their resources??
Like if we want to cure a shard we need, for example, 100 hyperion and we have in storage in 2 different lands 60 and 40 hyperion, can we cure this shard ?
What would be the cost of these transfers?

[vivid cipher]

In fact the fuel tokens from land can not be used to cure shards. Those mechanics are from two different games. What CAN happen is fuel tokens from land can be swapped out of the #🎮〕illuvium-zero game for eth. And then that eth can be swapped for fuel tokens for use in the Illuvium overworld to cure shards and whatever else.

Eventually there may be implementation for something faster… but not yet.

[amber atlas]

I think its a bit misleading to say that, even though technically true... the Fuel in your land is considered to be 'physically' on your land plot and needs to be moved in or out

moving out is free inside the game, and you of course earn ETH for it (with ETH on L1 there are gas costs... at least for now)

moving in to your land has a cost in game, which might be a few percent, but not locked down yet

as @vivid cipher says we don't yet have a "Send to Wallet" (but we don't have Send to DAO" either... that's because you can't do either in Alpha Release!)

I expect both buttons Activities will be available from Day 1 in the Open Beta ("Send to DAO" 100% has to be there, but I can't see any reason Send to Wallet wouldn't be doable day 1 either)

to be clear we want to do as much as we can on IMX, to avoid gas costs, but this will NOT negate the Resource cost to transfer in to your land which is there for other reasons

(mainly because if we didn't do this it effectively gives infinite storage, killing the entire storage mechanic of the game)

[lapis ledge]

Johnny, what's the unofficial agreed min size for a megacity (2x1 or 2x2)?

[vivid cipher]

Thanks Johnny. I think the more gamified it is and the less it feels like defi trading the better it will be. The two options do make sense. IMX certainly should make things nice. You still share such awesome info.

I wish I were more Whaley and could throw more at the land sale but my wife is already asking about when we can sell a lizard and get a new car. I don’t think I’ll be able to convince her that we don’t need a car but really need a new land plot. Even if it does have a fuel site.

[terse sable]

After this 1st land sale has been compleed, can you buy land for resale with sILV2 or only ETH?

[vivid cipher]

Only eth.

[vivid cipher]

sILV2 will only ever be usable to pay the game studio not other players.

[terse sable]

could you please say what sILV2 will be able to buy once the game is released.......thanks for your help

shards, fuel, ilvuatars, land in future auctions, etc

has anyone discussed what be be sent back and forth form the land you own to other parcels you own? elements and fuel to build on anther land you own? BP from oone land to another?

[vivid cipher]

sILV2 can pay for Everything that needs to be paid to the game.

sILV2 simply can’t be paid to players.

[terse sable]

so evertything from 1 of the lans i IZ that I won can be sent ot another land to help it buld and do research, bp's etc?

[vivid cipher]

Johnny talks about it a lot. #🎮〕illuvium-zero message

[hearty cradle]

how much is the cost to transfer fuel between lands in the same wallet? is it in % ?

[simple grove]

@amber atlas hello Johnny, simple question-“ can you still get the same type of fuels from tier 1 and 2 lands as the ones from tier 3&4 element sites “ eg carbon Hyperion etc. is it better just buy multiple tier 1 land instead?

[amber atlas]

its the same type, you just get more in higher tiers

(quite a bit more once you considered the additional sites and the production boost)

[sly summit]

That "send to my wallet" also means send to myself to play overworld with my own fuel?

[amber atlas]

yes, you always need to send to the DAO, to satisfy the revenue balance/fuel generation pipeline
but rather than make people do two things (sell then buy), we want to make a convenience mechansism which does it as one step

(also there is a chance of slight slippage/variation between prices in two steps, if we cna do it as one you will get exactly 1:1)

[viscid solar]

Do we have this info @amber atlas ?

[amber atlas]

no, but 2x1 seems meh to me

[viscid solar]

I assumed 3x3

[amber atlas]

I think we can say for sure 3x3 is a megacity, but maybe 2x2

nothing is locked in in this regard

[viscid solar]

Tho be happy with 2x2 tbh 😏 with these prices

And , to be clear, if multiple lands are in one wallet , but not as a mega city, it still cost to transfer fuel between?

[amber atlas]

yes

right now there is nothing special about having lands in the same wallet, other than you can choose which one you play after you login

[barren spruce]

“Mega” this word alone makes it 3x3 a minimum to me 😂

[lusty crag]

Soo when does the landsale finally come … I read the proposal, but I couldn’t find any dates in there like „by the end of Q2“, or anything… anybody has any clue ?

[potent dock]

Still no date, the audits are out for review and the IIP just got proposed today.

[barren spruce]

Thought it was late november no ?

[viscid solar]

Last November? Or 2022?

[barren spruce]

2021, it was a joke hence

[pure cloak]

https://tenor.com/view/long-time-ago-mike-mclusky-jeremy-renner-mayor-of-kingstown-years-ago-gif-23877543

[lusty crag]

Thanks for clarifying 👍

[barren spruce]

So long it was still the first generation of sILV, when $400 a pop was considered a steal 😂

[still crag]

Well, price for ILV was much higher then

I bought lots of silv at 380....

At least ILV is still above 380, so im on discount yet as buying power

[lament remnant]

Is there a source that at least roughly calculates the ROI from the Land Tiers?
I realize that this is also speculation. However, with all the price discussions, I don't have any data on how much a land animal roughly brings in to the owner.
Would appreciate some speculation on this.

[still crag]

ROI seems not to be very good for lands

If you look for profits its better to stake SLP probably

[lament remnant]

Actually, I would like to own at least one land to play Illuvium Zero reasonably and have my own resources, be more independent, so to speak.
But now I'm thinking if it doesn't make more sense to just invest passively. There is just too much information missing about what a land and these blueprints could be "worth".

[exotic yacht]

No risk no reward young padawan

[potent dock]

Some of those things are going to need to be tuned over time. If you want complete information about how land is performing in terms of ROI once everything is live, it might make more sense to wait for a future sale. For the time being, Fuel revenue depends on how much Fuel is being consumed (which depends on playerbase), and Blueprints depend on the prices of Blueprints (which we can't reasonably know, as they are sold into an open market).

[small star]

@noble quest can something like this make any sense for the land sale ?

[lament remnant]

But there are maybe better investments with more information on risk.

[small star]

@high sleet

[tall bear]

Does the production boost includes the boost provided by the landmark for T4 ?

[lament remnant]

Thank you for the charts lelahel. But i can´t see revenue infos for land owners or i do not understand it correctly. 🤪

[small star]

@lament remnant 🙂 Something like that would help ?

[still crag]

What does this mean with 5%, 25%...etc?

[small star]

% from starting price

[still crag]

But its number of plots that can be bought at this %Price with current silv supply?

[amber atlas]

already answered this early, in short no, but the landmark boost is small (i.e. 10% boost on just one resource type), its more about providing some small variations and 'flavor' to the land, than a major impact on value

[spring jetty]

450 month to break even, that's insane lol

[pure cloak]

haha yeah 🤣

[still crag]

What does this mean? My english is not the best

[tall bear]

Sorry I didn’t see it. Thanks for the reply 🙏🏼

[small star]

Nono the bottom part is for reference, it's with 100k plots out, it won't happened for a while

[spring jetty]

i know, but the number scares me 😂

this is why I said whales will need to consider the ROI before buying at max price

[amber atlas]

people invest in NFTs than have 0 ROI (outside of the potential appreciation of the token price itself)

[still crag]

Ah you mean 450 months to get back the ROI you mean?

[spring jetty]

it's just the worst case scenario when someone buys at max price with all 10 k land sold

[amber atlas]

you need to consider the re-sale price of the token, as well as the potential additional value your structures create

(you need to consider the potential earning of Blueprints also, although super hard to estimate its unlikely to be zero)

[spring jetty]

true, but I doubt people will buy them at 80 eth on the market lol

[small star]

That's the things people are forgetting.... They only see land as financial vehicle now .....

[amber atlas]

you say that, and others say whales are going to buy them all at max and resell for 2x

[hearty cradle]

will people use land NFT as pfp?
Art NFT utility is pfp
a lot of art nft 10x within the first week so,

[potent dock]

People shouldn't mint at starting prices. The best assessment of whether a DA is properly priced is whether or not you'd think about minting at starting prices. The answer should be no.

[spring jetty]

if someone buys them at 160 just mean it will take even longer to break even

I guess I am forgetting the case when the game is a mega success and we have trillions of players like League of Legends. then yes 160 eth seems reasonable

[small star]

I've 9 lizards. I can only use one. And i've othres that i don't use and don't bring me money.

[amber atlas]

profile pics... maybe, you can view other peoples land so there is flex value there, and we have a SVG showing plots generated to show in OpenSea/IMX/Illuvidex ... could that eventually show structures ... inside Illuvidex for sure

[potent dock]

I'm standing by and ready to try and bait some bots into buying plots at starting prices. If that ends up being a thing. I really don't think it will though.

[hearty cradle]

and how much floating ROI have you got on your 8 ethlizards?

[amber atlas]

in any case you should do your own analysis, but I think a valuation purely by Fuel production is a bit naive, and a similar application to other NFTs would for the most part mean all other NFTs are worth 0

[empty path]

Most are 😄

[spring jetty]

I'd rather own a land than a nft picture any day

[small star]

I agree. It's the only analysis with number that can be made. But the NFT price valuation. the future of land and land game. the blueprint. So yes if you only look at fuel i agree, it's naive. Like anything when you look only at a part of a sum.

[hearty cradle]

not even a BAYC?

[amber atlas]

to be clear I think there is value in the sheet, but mostly to those who understand the full picture 😉

[barren spruce]

Did you miss a Dragon sold for 375 ETHs in Mirandus? They game isn’t out and we don’t even know what it does

[spring jetty]

well, I don't really understand the NFT PFP atm, maybe in the future when I finally understand their values

[hearty cradle]

it's a dragon

[barren spruce]

When we’re talking about rich people, we don’t use ourselves as a standard

[small star]

https://tenor.com/view/sending-love-crabby-crab-pikaole-hearts-i-love-you-gif-23124915

[hearty cradle]

salvator mundi was sold for $450m
whats the utility?

[empty path]

Ancient drugs hidden in it

[spring jetty]

I have no idea

[hearty cradle]

enlargement

[barren spruce]

Free 420 high whenever you’re looking at it

[small star]

Actually @amber atlas i have this line bellow my tables, but not in the screenshot : This simulation only look at fuel production, do not account for : rarity of the NFT that would influence resale price OR blueprints

[hearty cradle]

it's art
it's a piece of history
one can say the same for a richard mille watch vs apple watch
an RM watch cant take a call, but it is sold for $2m vs $600 apple watch

so saying Art NFT has no utility is just ignorant imo

[spring jetty]

see, I'm not artistic person. I don't even understand real world arts. If I do, I'd choose game art instead of game dev for my major

I bought like 5 skins in my 10 years of League of Legends career

I'm not saying they shouldn't be sold millions I just don't understand the point and I definitely will not pay that kind of money for a pfp personally

[hearty cradle]

did it give you extra HP or atk speed? or it is just look badass?

[small star]

I'm not looking at ROI of fuel for land to be frank, i want to play the damn game XD

[spring jetty]

the 2nd one

[hearty cradle]

when you make tens of millions/billions you'll get it

[hearty cradle]

LOL me too

[spring jetty]

that logic seems a bit flawed lol

[hearty cradle]

with that kind of income, people start to buy things that are exclusive or rare
because their basic necessity has been fulfilled, a $1,000 per plate dinner just wont cut it anymore

[spring jetty]

perhaps, but as for now I'm gonna spend all my money in ILV cos I'm broke af

[viscid solar]

“How do you say money laundering without saying money laundering”

[barren spruce]

Have you ever heard of gacha games ? Where some ppl spent millions of dollars for absolutely no return

Like I said, don’t always look only from your own perspective, be more open minded my friend

[slim flint]

"The target will be for landowners to earn approximately 5% of the total revenue generated from in-game purchases in Illuvium." Is it just me or does this seem low?

[timber sapphire]

5% of fuel right

[spring jetty]

I am one of those who spent thousands of dollars in a gacha games. and no games and nft pfps are completely different things. there is no comparison between the two period

[slim flint]

5% revenue share for land owners is low because. There are 100K land plots. If they sell at an average price of 2 eth each that gives all land a value of 600million dollars. That means ILV needs to become a 12 billion dollar market cap token for the 5% to be fair.

[barren spruce]

I’m not comparing between the 2, you’re clearly missing the point.

You don’t always understand why ppl spend xxx money on something, it might not make sense to you and vice versa what you spent your money on might make sense to you but not to others

And no it’s exactly the same thing because you spend it on something that make you satisfied

[spring jetty]

I will say this again. I'm not saying people shouldn't buy them, I'm just not gonna buy them personally cos I don't understand them.

I don't know why you are trying to force this on me 😂. I'm too broke to afford them right now anyways

[hearty cradle]

fair is never on the plate for NFT

[amber atlas]

12 billion dollar market cap at a current circulating supply

another way to do it would be look at end state

10 million tokens = 95% revenue, 100k lands = 5% revenue (assuming none burned, all staked)

(we know some are burned, we know not everyone will stake, and will know ILV holders get revenue outside of the game potentially as well... but its still an interesting comparison)

[terse sable]

What is the affinity in Crystal Shores..... previously it was unknown

[spring jetty]

This is like saying apples and dildos are the same thing because they both satisfy me 😂

[barren spruce]

Which is true and correct in a way isn't it

[hearty cradle]

https://tenor.com/view/sxv-wtf-gif-23560064

[amber atlas]

<- is not having apple pie at your house (nor an orgy)

[spring jetty]

😂 😂 😂 😂 🤣

[amber atlas]

(sorry maybe thats too crass)

[barren spruce]

But everything else is on the table?

[amber atlas]

anyway I am off again, need to spend some time with the kids before they forget I exist ... 😉

night all

[barren spruce]

Night night applepie

[amber atlas]

😒

[terse sable]

@amber atlas What is the affinity in Crystal Shores..... previously it was unknown?

[spring jetty]

I think apple products are off Johnny's menu for a while

[hearty cradle]

guys leave the apples alone

[spring jetty]

NEVER

[hearty cradle]

https://tenor.com/view/friends-joey-pineapple-gif-24885040

[empty path]

https://tenor.com/view/knife-cut-in-half-apple-annoying-orange-gif-15619439

[terse sable]

@dusty cobaltWhat is the affinity in Crystal Shores..... previously it was unknown?

[hearty cradle]

https://tenor.com/view/vomit-puke-disgusted-sick-gif-14507847

fraggy i think you need a break

[empty path]

I agree, bring me a drink

[spring jetty]

Apple juice or apple cider?

[dusty cobalt]

I don't believe the region where you can find each illuvials have been made public yet

[hearty cradle]

you guys are sick

[empty path]

Juice pls

[hearty cradle]

i thought i have problems

[terse sable]

thanks....shouldn't we know before the land sale?

[spring jetty]

freshly squeezed

[hearty cradle]

well when revdis kicks in i can finally pay the shrink

[empty path]

You have us

[hearty cradle]

eek creatures from the dark web !

[slim flint]

quick question. I don't see any infomration about using the fuel you generate on your land being used by yourself in the proposal. How does this work. can you use the fuel you generate ingame or do you have to sell it to the balancer pool and rebuy in game?

[hearty cradle]

yes

[slim flint]

yes you have to sell it to the balancer pool?

[hearty cradle]

yes

[idle blade]

you cannot compare it like this. 2 eth is not the price until they sold at 2 eth. Also, you ignore other income sources from the land.

[idle blade]

Don't worry, we have a very active non-English community. И канал для русскоговорящих! Присоединяйся! ✨

[slim flint]

you have to use some value to make an argument. I thought 2 eth average over all plots is a fair number. what you saying is don't make an argument untill land sale completed.

[timber sapphire]

2 Eth is the starting price, which can drop because it's a dutch auction

[noble spire]

at which price you think people will be willing to buy a tier 3 or 4?

[slim flint]

I know. this is average price for all plots, some will sellf for far above 2 eth

[slim flint]

if only we knew :()

[noble spire]

by the way, 25 people including myself we set up a DAO to buy the illuvium lands, if anyone is interested to join our DAO let me know

is there any official way to "advertise it". I guess there are many people that can't afford a tier 3 or 4 but all together we can. So it would be nice to know where to post

[timber sapphire]

They cant go for more than 2 eth? Its starts there and will only go lower

[noble spire]

it depends which tier. For example a tier 4 starts at 80 ETH

[hearty cradle]

you guys take turns playing the game?

[noble spire]

we have 3 people that will play the game and they will get rewarded for doing that

[slim flint]

tier 4 starts at 80, tier 3 at 20

[timber sapphire]

He and i both meant tier 1 otherwise the average would be way higher

[hearty cradle]

what if they transfer the nft?

[noble spire]

the nft will be held in a multi-sig contract (gnosis)

[hearty cradle]

wow thats cool, how many sig?

[noble spire]

for the treausury at the moment 7 people and for the nft it will be the same

[hearty cradle]

best of luck to you guys

[noble spire]

thank you

[hearty cradle]

you should advertise in #899655780033261639

[noble spire]

thanks for the suggestion. I'll try there

[hearty cradle]

thats a really good solution for the high price tag

[noble spire]

we are aiming for a tier 4 so let's hope for the best

[hearty cradle]

are you paying the starting price?

[glad relic]

i have 51,3 sILV2 my dreams of tier 4 are destroyed

[lapis ledge]

I think a better comparison is between number of tokens vs the total fuel generation of rate of all Lands as diff Lands have diff fuel production rate while each token has the same revdis.

[hearty cradle]

i was planning to buy a megacity

[glad relic]

with the same tier?

[hearty cradle]

thats not possible

[glad relic]

4 tier 1 ._.

[hearty cradle]

ohhh. Why would you want that

it should be 1 higher tier and the rest lower tier

[glad relic]

thats what i want but... t4...

[idle blade]

ah, my bad, I wasn't reading carefully. I think then the approximation should be done based on efficiency comparison as each land supposed to be balanced, aside from the top tier one. I think we already have such tables somewhere above

[glad relic]

1.8 a dream

[idle blade]

the conclusion is likely that 2 eth average is too high then, we should buy cheaper. But again, it is a very rough approximation, too many factors involved. 5% revenues from land might not be part of market cap if they go out of the game via eth. Of course, everything will be reflected in the intrinsic value of the land itself.

[slim flint]

I'm buying land from an investment standpoint. Like many others I'm tyring to figure out which is best. Own ILV token and then stake and earn revdis or owning land and earn from selling fuel and blueprints. Very rough approximations is unfortunatly all we have to go on at this stage but have to try.

[idle blade]

I understand it. revdis looks better from pure investment perspective. Land is much more risky.

[glacial garnet]

Where do you see lands like this? ive been trying to find the map without success lately

[hearty cradle]

kieran's tweet

[glacial garnet]

thx

[waxen vector]

Just wondering if 1×SILV2 worth 1×ILV in the land sale?

[empty path]

Yes

[tall bear]

Ilv staking +revdis seems a much better investment

[slim flint]

Unfortunately it does at this point

[hearty cradle]

is this because of the high starting price?

[jade ruin]

hey guys how it’s works the land sale?? there is a limit that each land can go at the price or not??

[clever yoke]

ILV token used to be way more valuable and now land is way to expensive to obtain, at this moment ILV staking seems like a better investment

[hearty cradle]

its a dutch auction

[sudden olive]

Somebody got the link for the landsale (new information)

[hearty cradle]

so you think the starting price is too high? What is the reasonable amount would you pay for a T1?

[hearty cradle]

#📣〕announcements

[sudden olive]

@hearty cradle am I blind or why I didnt see

[clever yoke]

Oh man, if you only asked me that question in November last year. 🙂 Back then 1,5 sILV would have guaranteed you tier 1 land, and now?! at least 5 sILV2, might even more

[hearty cradle]

Lol sorry
#📰〕governance-news

[hearty cradle]

would you buy T1 for 9 sILV2?

[tranquil python]

Starts at 80 and then go DOWN, not UP

[clever yoke]

Problem is that sILV2 is undervalued atm, thats why prices are so high. Idk if I would buy it, seems like high price for t1 land. Just sharing my opinion.

[hearty cradle]

Whts your number for T1.
I am gathering people's opinion on the IIP. We still can change this guys

[sudden olive]

@hearty cradle thank u hahaha, thought I was blind🤓

[high sleet]

just dropped some heat in #🎨〕community-content

[clever yoke]

compared to ETH at this moment, ILV is undervalued so thats why prices in sILV are high. However i think that 2ETH is fair starting price given that fact its Dutch auction.

[timber sapphire]

Gathering all the info so you can buy a t1 for 0.01 silv2 more 👀

[hearty cradle]

my brain is fried rn, lack of sleep since the IIP

[hearty cradle]

im going to sell all of my silv2

[timber sapphire]

For ilv?

[hearty cradle]

Hw do you know

[timber sapphire]

🧠

[glacial garnet]

I think if starting price is 2eth we will be able to get it for 0.2-0.3 quite easily

[high sleet]

its needs some likes friendsss

[sudden olive]

@hearty cradle IIP? Please give my dead brain a definition😂

[tranquil python]

I really believe a T4 won't sell any place near 80 ETH. They choose that value to end up selling close to the original proposed price (15-20 ETH)

[hearty cradle]

have you been following me?

[hearty cradle]

the Illuvium Improvement Proposal on land sale

[sudden olive]

@hearty cradle you are my man🙏🏻

[hearty cradle]

Whts the ROI

[high sleet]

watch le vid 😛 But you looking at aiming for around 40% land purchase price

[hearty cradle]

thats good for the whales but really bad for guppies who can only afford T1 or T2 at best

[hearty cradle]

40%??? thats like an hour
ill watch it tonight

[high sleet]

40% of the starting price to purchase, and your roi starts to get good

its a bit of a hype vid but I have heaps coming down that are more in depth too

[hearty cradle]

if you think 40% is a good deal, why would we want 4x? It should start at 3x

i personally think 3x is ideal

waiting an hour to buy a land is quite tedious

[still crag]

You think plots will drop to more than 50% starting price?

[hearty cradle]

scoriox calculated the ideal price to be at 40%, i did too

[still crag]

So a 60% drop

[hearty cradle]

thats like an hour into the batch

[glacial garnet]

I think we will be able to buy even at 20-30%

[high sleet]

I mean the starting price is extremely arbitrary

[still crag]

Unless silv gets very high I plan to burn my 36 silv with T2 plots

[hearty cradle]

dnt think so with this condition, may is gonna be rough

[timber sapphire]

Its fine iy will scare off people that dont get the dutch auction idea and we will have more chance to get one

[hearty cradle]

thats not helping the community

[tranquil python]

Not buying till 15%-20%

[hearty cradle]

so at starting price?

[still crag]

No ofcourse

5 eth is silly

[hearty cradle]

36 sILV2 is the starting price of T2

[still crag]

Dont remember what was the initial proposal for T2

[empty path]

1.5 ?

[still crag]

Yes, something arround that

T1 was 0,5
So for T2 I will start thinking in buying if it gets to 1.5eth

[stark verge]

I'm going to see who still has the stomach for investment. If t3s are just flying off the rack, I'll get 2-3 T2s and be content but honestly I really only want to work one plot right now. I have 4 more auctions to accumulate silv and buy wide. This one I'm going for a t3 before word gets out

[fallow mural]

Hi all, prob been asked a 1000 times but anyone know what the landmarks do? is it purely a production increase or do they have some wider significance?

..going for T3 if at all possible once the sale starts...

..but may consider t4 if the fuel landmark looks to be worth the extra....

[fair temple]

Landmarks will boost production of element sites or fuel sites, as well as conversion rates. This could be 10-50% we are not sure of the numbers.
You will get a random landmark once you mint the land, so you could have 9 carbon sites and then a silicon landmark, which would boost your silicon production and conversion rates.

In that case it will most likely be considered a trash-land 🙂

[waxen vector]

Is the land sale going on ETH main.net or immutableX?

[fallow mural]

@fair temple awesome, thanks for the details 👍

[fair temple]

the land sale will be on Eth L1, but the lands will be minted on the IMX chain. so future transactions will have a very small gas fee while the minting fees during the sale will still be as high as you would expect on the Eth chain.

[fallow mural]

@fair temple exciting times...I assume the land sale with be in the next 4 weeks or so...I am away next week, so it cannot be then 👀 🤩

[fair temple]

Kieran said that the Audits would be done halfway May and then i'm not sure if they will instantly start the landsale. They are once again focussing on our safety! So you can enjoy your holidays without a care in the world! ❤️

[waxen vector]

Allright

[hearty cradle]

what safety? L1 is safe

[fair temple]

They are minting the lands onto L2 😮 and ensuring they don't mess things up 🙂

[hearty cradle]

so L2 has more risk?

[fair temple]

I have no clue. All i know is that they are once again auditing for a month, similar to how they audited for sILV2. to make sure the contracts are safe

[hearty cradle]

Staking should be more complex then an NFT minting

[waxen vector]

Are we going to be able to use SILV2 to buy items in the Illuvidex?

[hearty cradle]

Illuvitar and land

[glacial garnet]

Can it buys illuvials too?

[hearty cradle]

No

[tawdry plank]

No, you'll be buying illuvials from other players. sILV is used for in game purchases only.

[glacial garnet]

can buy gas then?

[analog inlet]

there are no in game NFTs for sale an no minting for Illuvium

The illuvium DAO will not sell any illuvials you need to find them in game. After the game starts you will be able to buy them off other players For ETH on the illuvidex not yet released

Iilluvium the main game is not a pure FTP game. there is a FTP area called T0 . however to access T1- T5 there will be recurring travel and equipment fees . The official and specific prices and economics are not yet known

there are some that like to guess at dates but the reality is There is no official information on official dates for ANY Major Event ( land sale , illuvitar, open beta) lots of stuff is happening in Q2 please watch #📣〕announcements for more info Devs are pushing for a Q2 release of Illuvium: Overworld and Arena.Open Beta which is =full launch

[analog inlet]

not until the game is released

[glacial garnet]

Ye for sure but it means yes?

[analog inlet]

yes you can buy gas when the game starts with ETH

[regal trout]

I'am brazilian xD Just a nick/inside joke.

[gleaming parrot]

You can't buy fuel using sILV2 (ie. there won't be a fuel/silv2 pool). It can however be used as a substitute to gas. You'll have the option to pay for things in fuel OR sILV2 (value pegged to ILV).

[waxen vector]

Since the land sale is in the L1, the lands might be available in OpenSea, isn't it?

[hearty cradle]

its not listed there

[waxen vector]

Where are they going to be available then?

[hearty cradle]

Illuvidex

[waxen vector]

Allright, and Illuvidex would be in L2 ImmutableX?

[muted moth]

The lands are NFT’s so if someone wanted to list it in OpenSea they could. It just wouldn’t make sense to do it and you’d be spending a lot of gas moving it off L2 and then starting the sale in OpenSea

[waxen vector]

Do you mean Opensea is on L2?

[hasty wagon]

is the land sale Fair Dutch? or just Dutch?

[muted moth]

No. But the land will be minted into IMX L2 so to get it to OpenSea you’d have to pay gas to migrate it off

[waxen token]

does someone have a link to the article that was posted a day or two ago with the land sale details?

[empty path]

You can find it in #📰〕governance-news

[glacial garnet]

When you have a land and invest time and resources in it to build up new buildings and upgrade them, when it comes time to sell (i personally will never sell i think, just supposedly) does your land sell with the upgrades you did or the person that buys it get it plain as it originally was?

[regal trout]

Great question.

[waxen vector]

Later on, someone told me the opposite #🎮〕illuvium-zero message
What do you think about it?

[muted moth]

They are correct. That doesn't contradict what I said

[floral locust]

it's not officially documented but it has been discussed that it's likely

[marsh sage]

It's been answered by the team in here that the upgrades will be persistent and stay with the land itself. By Aaron directly.

[floral locust]

perfect

[regal trout]

One, maybe two questions: 5% of fuel would be generated from the lands. So, the lands owners sell it to the pool of Illuvium Dao (or something like this). The Illuvium Dao will buy these fuels with what money? Revenue?

[waxen vector]

From my understanding, the land sale on L1 is like a "ticket" sale. And one "ticket" give us the right to have the land corresponding on L2 ImmutableX. Am I correct ?

[muted moth]

Sort of. The sale is on L1 correct. You process the transaction there, and then once that is done something is triggered automatically that mints the land into IMX. Not entirely sure how it works, but something like that

[waxen vector]

All right I got it 👍

[tranquil python]

I believe the target prices will be between 15%-25%

That's why I think the 4x was too much

It will make the process more difficult, because people will have lower time to buy + more chance of gas war

[unreal yew]

Hi guys, do we have any idea of how much time per day will require to manage a land? Collect the resources, improve buildings... Maybe 15 min per day minimum? Also, do the resources stake or you lose them if you don't connect each day to play?

[waxen vector]

Do you think bots can take over the land sale? Specifically at the end of the sale when prices are low?

[tranquil python]

I heard something like 30 min to 1 hour. Don't know what tier..

[waxen vector]

Are the fuels going to have a use case before the main game launch?

[simple juniper]

There is a low chance of this becuase what bots are mainly used for is buying something right as it is put into the market. They don’t have an advantage really after that because regular people can buy whenever also

[unreal yew]

Uh... I hope not. That's a lot of time each day

[simple juniper]

They will be used to upgrade your land just not actually made into ERC-20 token to be sold. The only thing you keep into the main game are the blueprint you obtain

[tranquil python]

I think I heard 30 min. Maybe someone can confirm

[pure cloak]

Yeah something like that

[simple juniper]

Probably more than that if you want to be more successful

[muted moth]

It’ll take probably around 20-30 mins when you are setting up your land, but once everything is leveled and all that, it should only take about 5 mins to go around and collect everything that you earned

[lapis ledge]

Really curious about what kind of skins we can discover on Land :-( Skin ftw. Some sneak peeks please.

[hearty cradle]

they prob havent draw it yet

[hearty cradle]

yes the sale contract is done on L1, then you transfer it to IMX as an off-chain custodian

[lapis ledge]

😢 Would have been a good marketing opportunity for land. Can you imagine the marketing video saying that "you will be the few who can create this awesome skin for ___ Illuvial" proceeds to show special effects and animation when Illuvial wears special rare skins

Like Dota's Arcana for reference.

[waxen vector]

Is everything ready on the L2 side for the transfer ?

[hearty cradle]

prob not yet
Audits 4 more weeks?

[waxen vector]

So can we imagine a few people might sell the lands on OpenSea in order to make some profit?

[hearty cradle]

whos gonna buy it

[waxen vector]

People who missed the land sale

[idle blade]

ahaha, I see. No problem. Sorry for the assumption. And the best part is that we have you covered anyway! I have to assume again that you speak Portuguese then.

[hearty cradle]

sure

[kind wave]

kinda concerned about IMX. ive used it a handful of times and it is unbelievably slow to withdraw funds.

1. if we sell land, are we at the mercy of IMX to get our ETH to our wallet?
2. will we be able to hold land in our wallet? where will it live after it's bought?

[waxen vector]

Do you guys know why they introduced batches in the sale ?

[potent dock]

Spreading the sale over 3 days means that anyone, regardless of the region they live in, can participate. To spread it out, there has to be batches.

This way everyone has access to comparable levels of decay in individual batches. If it was all one big batch of 20k, decaying at the same rate, your preferred purchase price might only come around at a time you're unavailable.

[waxen vector]

Allright, a good way to make it fair for everyone

[analog inlet]

1. the idea is eventually have the illuvidex fully on imx soo yes
   2 its going to be minted on L2 and i think it will be similar to open sea so will live on imx on the illuvidex.. not 100%

[kind wave]

So if land price goes up right after the sale (like most do) will we be able to sell some land for profit? Or will it take a while to have that ability?

(P.s. not planning on a buy and dump. I'm all in with the project. But selling some might be smart and helps the economy as well)

[potent dock]

If you sold land on IMX, you'd definitely have to use IMX to withdraw the ETH to L1 if you wanted to cash it out to fiat or something.

Land would live in your wallet on IMX. I haven't played around with transferring NFTs out to L1 with IMX at all, so I can't say much about how that side of things might look.

[glacial garnet]

im guessing resale price will be lower because some people will buy land at 33-40% of what other have paid (silv2 vs eth) so the flippers will try to quicksell at x% off from eth price but make profit because they bought with silv2

atleast at the beggening

[waxen vector]

Are we going to use a map during the land sale ?

[potent dock]

(yes)

[waxen vector]

Looks like it's 3% of the map right ?

[muted moth]

Yea that’s just a leak of the map. The full interactive map isn’t released yet

[lethal thunder]

Anyone know what will be the interval for land sal until 100k lan supply finish?

[hearty cradle]

the minted NFT will be in custody of IMX (deposited) off-chain.
If you need it, you need to withdraw it from IMX to L1 on-chain.

Gas fee is paid when you deposit to IMX and withdraw from IMX

and yes withdrawing from IMX is slow as fck
up to 24 hours, and only 1 withdrawal

[quasi canyon]

Cant wait to see people impatiently buy at the start of the sale

[azure elm]

Does the 2sd land sale is still scheduled to the open beta release ?

[empty path]

We don't even have a date for the first land sale yet

[vivid cipher]

No I don’t think so. Was that something mentioned in the original IIP or somewhere else?

[kind wave]

So purchased land could be sold inside IMX L2?

[floral locust]

after land sale it will be minted on IMX L2 and can be sold there, yes

[kind wave]

Ty

[agile sigil]

I want to see some speculation about price what it will go for each tier

[kind wave]

As I understand it, play land in IZ will we need to withdraw the minted NFT from IMX a wallet?

[kind wave]

I think there will be a lot of FOMO on first and last day. By the end of the 1st day and most of day 2 I bet batch releases will start to overlap with subsequent price drops then

[agile sigil]

Indeed. What could you see tier 3 be grab for as floor? 30 sILV2?

[azure elm]

Its not on an iip but kieran (if I'm not mistaken) mentioned a long time ago, there will be a second land sale for the open beta release and due to delays the 2 sales could have been merged

As a buyer of lands i want to know if there is still a sale for the release who will be an argument for me to not buy at the first one

[kind wave]

Well T3 starts at 20 if the iip is approved. I think there's a good chance that a t3 will be the most discounted by price drop, then t2. T1 and 4 will probably mostly go for within 80% of starting. T3 maybe a few will reach close to the auction minimum. But must maybe around 10ETH. obviously this is all just speculation and opinion

[kind wave]

I'm not sure even the devs could answer that. I would guess no on 2nd sale before the beta. They are working on getting the beta out "soon" but a 2md land sale even 4 weeks after the first would be kinda tight

[honest grove]

did the prices of land sale change extremly? when announced first i remember prices of: T4 = 20eth, T3 = 5 ETH, T2 = 1.5EHT, T1 = 0.5 ETH. Now i see 80, 20, 6, 2. that a lot more. is this right?

[kind wave]

New iip:

T1 - 2 ETH
T2 - 6 ETH
T3 - 20 ETH
T4 - 80 ETH

[lethal thunder]

How about in sILV?

[kind wave]

You'd just do the math with the price of each

[balmy granite]

What is the 5th tier?

Twitter said 5 tiers on the official announcement

[lethal thunder]

Would those change if Eth price goes up in value?

[azure elm]

Thats why i wouldn't buy at the first one if it's the case, a short time + illuvtars sales between them will decrease too much the silv2 suply

[kind wave]

With current prices take ETH price and x 5.72 to get the sILV2 price

[lethal thunder]

And what id ILV price goes up too?

[lethal thunder]

Would those change if Eth price goes up in value?

[kind wave]

If the iip is approved that's the price. But the idea is that the sale would happen pretty quick after approval

[kind wave]

The best thing that could happen to people buying in sILV2 is for ETH to drop while ILV goes up. That will help a lot

[kind wave]

Yeah.... there's a strong argument for holding sILV2 until the supply goes way down and then cash it in with the better exchange rate then stake that in SLP and wait for the next sale.

I've thought about that, but I decided against it

[marble bough]

Do all tiers have the ability to scan for blueprints?

[kind wave]

Yes. Scanning ability is obtained by building the right structures on your land

[azure elm]

Even just holding it to buy the next sale will be worth
The silv2 suply will be such lower than the buying power will be too low (exept a great marketing hit) to buy the lands at the same price than the previous sale and lands will be cheaper

[kind wave]

T5 is super limited and in a different auction. There are only 7 of them ever. Only 2 in the first sale. Will probably sell for 7 figures each. I would link the iip in here but I'm not at my computer. It's in the proposals channel though

[waxen vector]

https://gov.illuvium.io/#/proposal/0xc6edddb2618ffb4b1d83933a27c35c7a483afba1d2aba0bd882dcb773c8ef71c

[kind wave]

This is true. I have a complex strategy, so I'm going for it

[azure elm]

To buy at the first sale?

[balmy granite]

Thank you sir! I see now it’s an live English auction

[waxen vector]

Yes Tier 5 is the only tier with a live auction

[balmy granite]

I think I’m dumb. Why would silv2 supply be lower? Just because ppl use it to buy land? Won’t people be able to earn new silv2 in the meantime tho before the next sale

[kind wave]

Yes but there is a huge supply of unused and unclaimed right now because people have been stockpiling for a while

[azure elm]

Not enough if the second is at beta release, expected to the 3months coming

[balmy granite]

True true

[kind wave]

Yeah....... my strategy involves other p2e projects. I'm moving funds between projects a lot and doing pretty well with it.

[balmy granite]

I didn’t realize second sale might be so soon. Ok ya that makes sense

[kind wave]

Illuvium is my main focus though

[azure elm]

Make sense if the 2sd is for the beta release, but we haven't new about it

[kind wave]

May or may not be. I think after the sale and the beta launch they will have much more solid info going fourth. It's been a crazy ride for the team since November.

[solar topaz]

It would actually make sense not to randomly place land sales, but to do them depending on player base growth

[balmy granite]

Yeah I can only imagine they have been running at 150% for months now

[kind wave]

I am also buying land in the first sale so I can get as much experience as possible developing the land before it goes live

[primal widget]

yeah team has been low on sleep for a long time i think. which could be counter productive.. lets stop the wens

[solar topaz]

Land will produce a certain amount of fuel and players will use a certain amount of fuel. That means a land plot can sustain a certain number of players. Release too much land and the market will be flooded with fuel, release too few and prices will hike.

[kind wave]

Purely opinion only, but I suspect they will do a 2nd land sale around the time they do the full launch and the other 2 based on fuel market and player base

[solar topaz]

if it was me, I'd do it a few months after launch to get a feeling for prices, land value, markets and so on. Plus, there will be more attraction with more players.

[waxen vector]

Is the purpose for landmarks to give a production boost of element sites or fuel sites? Is it the only benefit from the landmarks ?

[solar topaz]

T3: ~+10% elements, T4: ~+10% fuel
also you reduce conversion losses

[kind wave]

Something cool about land that I didn't think about until recently is there will probably be a pretty good profit to turn by flipping land.

Buy an empty plot, develope and build, then sell it.

Take the profit, rinse and repeat

[waxen vector]

I wonder if we can use SILV2 for the Tier5 live auction though

[kind wave]

If it said the the iip, I missed it. Previously though, the answer was a hard no

[azure elm]

The first land sale is scale to the suply amont of silv2
They will maybe scale the second to the price of secondary market and so don't even look at the silv2 suply, that would make sense too

[solar topaz]

the dutch auction is very different from the usual gas war click fests. People will pay more what they are willing to pay. I do not think there is much room for short term flipping gains. That is the whole purpose of the thing.

[kind wave]

Yeah, that's true and unfortunate. However, I think there will be a lot of p2p selling to group lots together, and also people that waited too long to buy and have post auction FOMO due to missing buying the onse they wanted. The majority of sILV2 is held by people with low balances that are hoping to get a single t1.

Also, the develope and flip model would only work after full launch not right away

Most of my sILV2 I bought with ETH so even if the land price stays level, I made about 250% roi just off the exchange rate

[waxen vector]

The IIP says both ETH and SILV2 will be available as payment but it doesn't say SILV2 won't be available for Tier 5 live auction

[kind wave]

Yeah weird huh?

[solar topaz]

well... that was my plan, but unfortunately there was this hack and delays and ETH/ILV dropped from like 0.5 to 0.175 already - so that eats most of the - still hypothetical - ROI

[tall bear]

Don’t you think that whales will scoop them all ? Be cause the first 300 holders holds a shitton more silv than all others combined ?

[waxen vector]

Can you guys help me with this sentence from the IIP? I dont get it ^^
"There are 7 regions in total. Region affects the probability of Illuvial affinity scanned."

[solar topaz]

2 options:
a) a whale wants to trade lots of NFTs
b) a whale waits for a better exchange rate that maybe comes with the auction and then sells a lot of silv2

[solar topaz]

i guess there will be a volcano land where you scan fire illuvials and so on

[kind wave]

About whales. They will either buy at full price to make sure they get what they want, or they will wait down the price to make a better return.

If they buy right away, their sILV will run out befor all the land is gone.

If they wait, they are in the same boat as the rest of us.

[waxen vector]

I see thanks

[craggy estuary]

Are there costs to develop the land after initial investment?