🎮〕illuvium-zero

[solar topaz]

your time and power for your mobile phone as far as I am aware. Or were there costs to speed up processes?

[kind wave]

That's why I think that long term, there will be profit in building up and flipping the land.

[craggy estuary]

I was thinking in terms of having to spend more Eth or sILV

[kind wave]

Time and skill traded for ETH

Remember playing clash of clans and how exciting it was to look at other people's land and how they developed it? Take that and inject money. Gonna be awesome

[kind wave]

Only cost I know of is to speed up construction/research and such

[sly rampart]

how do you see the totals of the sILV?

[solar topaz]

this server-> #🔗〕helpful-links to get the silv2 contract adress, paste that into etherscan.io, go to token page

[steep ivy]

I really hope these ape coin landsale rumors arent true…may out us head to head

[kind wave]

Haven't heard anything about that.

[little moon]

What rumours?

[jovial lava]

when land sale? And 2eth starting price T5 is that true?

[steep ivy]

Paul barron just made a video about it on his page, reddit is eating it up

[barren spruce]

That's like asking if a Bugatti Veyron starting price is $10,000

[jovial lava]

Pretty normal question imo haven’t been online for a few days but saw Dutch auction prices out

[barren spruce]

Did you mean T1 ? probably a typo ?

[jovial lava]

Yes yes haha sorry, lowest land

[barren spruce]

That is a proposed prices that's waiting for the council approval

[jovial lava]

Ahh thanks so@not 100% certain yet? And by what X amount ETH decline over what X time?

[little moon]

Okay, now i still don't know what we talking about. 😅

[barren spruce]

you can check the pinned msg, the first one has all the info on price declining of all tiers

[jovial lava]

Thxx

[barren spruce]

[steep ivy]

Ape coin landsaled rumored in the near future

[little moon]

Oh yeah. I believe that one is pretty sure to be true.

But i believe there is less overlap in buyers for both projects than ppl think.

[simple juniper]

T4 is still in the running for me 😉

[tall bear]

For most people it still is, assuming nobody buys it and we get a 95% discount on starting price 😂

[little moon]

With the 300% production boost the T4 are gonna be fuel printing machines!

[waxen vector]

From my understanding, here are the criteria to choose a land:

• tier
• location on the map
• regions to target skins from an Illuvial type
  Did I miss any criterias? Thanks

[solar topaz]

Fun fact: the Dutch auction was invented during the so-called "tulip mania" in the Netherlands:
"The sellers would begin at a price at which they knew demand would be zero, and then lower the price at a known increment. Once a seller reached his internal price (which we know as the true value), the buyer would place a bid. Therefore, the bid was the price equivalent of a first-priced sealed-bid auction. This method was especially beneficial to the seller, who would always get the highest possible price for the bulb they were selling."
😬

[simple juniper]

Unfortunately not the highest possible price because if said item starts at 60$ and goes down until somebody buys it at 20$ that same person still could’ve bought it if the seller was selling it for a flat 30$ if they really wanted/needed it

[simple juniper]

Well the location on the map is essentially you choosing the region

[simple juniper]

Yessir that would be amazing looking to buy it at 22% for somewhere around 100 Silv🤫 assuming that they don’t all drop the 5%. First few hours I’ll be analyzing it finding the average price it is being sold for

[solar topaz]

only they wont wait that long if they are scared of competition. If you are the only bidder, then yes, you are right. But imagine you are looking at your favourite plot and you see 6 other people watching it at the same time - would you really wait till $20 when you are convinced it's worth $30 and you are willing to pay that? Theory says no.

[simple juniper]

Well that theory could only be proven by trial and error. Weighing largely on the curiosity and bravado of the buyer. I get what you are saying though just thought I would throw another variable into the mix to show that’s not always 100% the case 😂

[solar topaz]

Results of other auctions will influence you ofc. Plots will be constantly sold and this will set your expectations about when the other people will hit the "buy" button.

[simple juniper]

Yes and as I said mainly through trial and error for this sale. Because say for the first hour you wait til it drops down to 27 Silv and someone buys it right before you can then you now to maybe go a little higher than that or risk it again. A lot of statistics

[golden creek]

I doubt half the community can afford tier one god damn land is for the rich

[simple juniper]

It is going to start at that given price and drop 2% of what it was the minute before for 2 hours. Dropping to also 6% of the original price

[solar topaz]

well... the tier 4 in the proposal starts at $240k. I am living in a developed industrialized country near a bigger city and you can get real property in that range around here...

[little moon]

Minimum price under $300? Thats pretty cheap for anything in the NFT space.

[golden creek]

That’s the thing Dutch action don’t normal work especially for good projects there is high that the people that can afford it will buy it up in seconds before price drop

[golden creek]

I don’t see it going to those prices tbh

[regal trout]

yeap

[simple juniper]

I don’t think anyone is going to be buying a T1 for 2 Eth… or a T4 for 80 ETH and you never know some could drop low low and you could snag them

[solar topaz]

if it does not work then the starting price was not high enough.

I bet someone will push that button just because there is a button, but not 20,000 times 😄

[golden creek]

Have you seen Dutch action in the NFT space with a really good project sold it in 5-10 mins

[simple juniper]

Do they sell for 80 ETh??? Because I would love to know these projects you are speaking of

[simple juniper]

This is the truth right here. Not because they were too low

[golden creek]

We not talking about the one for 80 sir and there is still projects that actions there legendary NFTs and it get sold for that price

We are talking about the one for 2 eth there is lots of people that have $1000-2000 to spare and invest that won’t be able to cause price might not go so low Dutch actions normally sold out at highest price

[amber atlas]

we have other entry points to other games that require no investment, the stated goal for this sale was to maximise revenue, in the end you can make the same argument you make here at any price point, replace $1000 with $500 or $100 or $1

[golden creek]

This is the best project I’ve seen so far tbh it’s just not affordable for the regular people that would want to join in

[amber atlas]

the main games (arena and overworld) where most of our development effort is going, have free entry points

[golden creek]

The land sale I’m talking not the game

[amber atlas]

sure, but specifically this event was targeted at maximising revenue, a goal agreed with the community and council, and obviously inline with the goals of people who stand to get revenue distribution

not to mention the game itself is still completely playable without land

[golden creek]

Yes understandable but there could still be a land that the average people can own

[steep ivy]

Revenue is universally understood to be poor from this landsale regardless tho?

Theres 200k+ sILV2 on the market thats presumably for land

[amber atlas]

sILV2 means burned tokens so its still beneficial in the long term, but we are fairly confident there will be ETH buyers on the market also

[regal trout]

what you want? whitelists?

[steep ivy]

How long term? The unlock schedule is brutal from some time right?

[amber atlas]

sure but its still a reduced overall supply

[vast gate]

I don't either but we never know. No one should be buying at the starting price, if they do, that just means the DA starting prices were too low

[barren spruce]

I forgot, was away for a while but iirc, I did some calculations and guesstimate on the T5 price but ultimately, I don’t think there’s enough silv2 for T5 buyers right ? Meaning they’re most likely have to buy T5 with Eth UNLESS the T5 price wouldn’t go as high as we expected

[steep ivy]

Agreed 100% but the token undoubtedly is going to take a beating for some time off of strictly unlocks, not to mention assumed sell pressure. The revenue from the landsale will be dearly missed… just hope sILV2 doesnt come back to bite later.. either way GREAT ACCUMULATION ZONE INCOMING

I think land will start getting snatched at probably 1 eth with it falling no lower than .8

[amber atlas]

we have people here arguing that everything is going to sell for max which is roughly 500m, even if 100m of that is sILV2 then that's 400m revenue ... to be clear I don't think everything will go max, but we are fairly confident there will be ETH buyers

[steep ivy]

Okay haha glad you dont subscribe to that belief. Honestly i find the hopium a bit easy to get wrapped up in on the discord sometimes. I dont think people take into sccount how hard it is to even sell $100M of anything if it lands around 150-200M that’s a smashing hit in my eyes

[amber atlas]

if we go in with an average buy price of 45% of max it it a $220m total sale, so even if ALL sILV2 is used we are still sitting at around $80m ETH... nothing to sneeze at

[steep ivy]

Agreed and im not sneezing at it. Its honestly the most realistic estimate ive seen yet. Even 80M is still a success

[amber atlas]

in any case we think the proposed starting prices are at a pretty good point, but obviously it is extremely hard to predict what will happen once the market/FOMO/etc, gets invovled

[steep ivy]

With a dutch auction i think the starting price is good too. So many people get caught up thinking its supposed to sell for that high price instead of the market choosing when to buy

[solar topaz]

btw, I have nowhere read anything about it.... will the output of fuel sources be fixed or dynamic depending on overall game participation?

or in other words: how does the whole thing hit that 5% target?

[steep ivy]

I asked this earlier but not sure if you saw. If the rumors are true and the ape coin landsale is launched in the next 2-3 months, would that be taken into consideration when choosing when to launch the landsale as to not go head to head

[amber atlas]

the production of an individual site will be fixed (there are upgrades, as well as things you can do in your land to make it more or less efficient, but there is a fixed max), the goal is to use in game events and mechanics to adjust supply as much as possible:

....for example if one fuel is in much lower supply than others maybe we have a global event where you can take some special action to add a 25% production boost to that specific fuel
... if we have too much fuel coming in then we might make new structures or goals that encourage you to spend your Fuel inside the game (for example a Research boost that increases chances of discovering blueprints, or a new Illuvial you can scan with a special structure)

... but if over time the amount if too high/low we can always use bigger out of game levers, like additional payouts (think of it like a government incentive), etc

[amber atlas]

(for the high-level mechanism that gives us the baseline see tokenomics paper pinned in this channel, its a bit out of date, but still generally applies)

[umbral badge]

@amber atlas
is there a Land Renting system built into Illuvium Zero already?
If not, will it be built in prior to Launch?

I love the idea of Land (for both the Fuel and the Gameplay aspect), but I know there will be periods where I am busy.
And so if I can get a friend or someone to manage the land for me while I am away, and give them a split of Fuel Sales, that then makes it 100% a yes for me.

Would be good if the Land Renting system allowed us to select which specific permissions we wanted to give.
(Can/Cant upgrade buildings, Can/Cant forge Blueprints, Can/Cant Move buildings etc)

[amber atlas]

we have that kind of feature on the list of enhancements, but it is not in place yet

[umbral badge]

Do you have Antibotting systems in place?

Or can someone setup a script to autoclaim and autorenew the fuel actions?

[amber atlas]

the alpha build is client side (hence why its not connected to real value, obviously easy to cheat), but the beta version will be server side and use the same anti-botting system as the arena and overworld

this system is far from finalised (never will be realistically, it is an ongoing thing) but has the usual pattern and timing things you would expect

for obvious reasons we won't be sharing too much detail about this system

[umbral badge]

yeah, i would prefer to share less specific details about it.

However knowing that there is something in place, to stop people from just setting up a script to Autoaction everything on 1000x lands to make them from Level 1 to Level 5 without human input...

thanks Johnny!

[shell rose]

Is there anything to help us share a land with a friend for long term (like a scholarship)? In Axie it was east to be banned for logging in from a different device or IP, I just want to be cognizant of that type of stuff. If I own a land and let a nephew play on it on his own account somehow, is there any issue?

[amber atlas]

I would not recommend account sharing

ideally we will tie sharing/renting/etc in to all kinds of systems like friends, guilds, etc... but its not a priority right now

[tranquil python]

Is T5 possible to buy for sILV2?

If yes, it would be much more probable someone would buy it with sILV2 and not ETH. I think they could specifically ban sILV2 from T5

[lapis ledge]

Right now, all land tiers have the same chance and speed in scanning blueprints. Is it likely that this will change?

[barren spruce]

Not if theT5 price meets the expectation

[amber atlas]

no, there is an implicit benefit in that's is easier to get the supporting resources in higher tier, but no plans to do anything beyond this

[lapis ledge]

Thanks for the answer 👍🏻

[earnest nymph]

Hi, what happens when you try to buy a tier 1 land at 1 eth and another person "wins" you the gas fee and mint it? Your eth in your wallet and eth for gas fee, what happens?

[barren spruce]

Sad thing happens

[analog inlet]

you keep your sale price but lose the gas fee

[earnest nymph]

Don't tell me that 🙈 🤣 🤣 🤣 🤣 🤣 🤣

[umbral badge]

the idea is to avoid trying to mint at "Clean numbers"

Dont mint at 75%, mint at 76%
Dont mint at 1 ETH, mint at 1.07 ETH
Dont mint at 1hr in, mint at 58 minutes in

etc

Then this gets spread over a lot of land of different Tiers, in different locations, running for 2hrs each auction, with new auctions starting every 1 hr

[hasty wagon]

can you make it a Fair Dutch instead?

[amber atlas]

I don't know what a "Fair Dutch" is (seemingly no related hits on google), but I really don't think we want to rewrite the landsale contracts (then go back to auditors), update backend/frontend, etc

[hearty cradle]

i know dutch pancake

@amber atlas whts the fee to tranfer resources between land on the same wallet is there a % ?

This is important because T1 land has only 1 type of fuel, people could potentially "run out" of fuel and get stuck

[amber atlas]

you don't need Fuel to build Converters, you can always Airdrop elements, Converters can generate a small amount of Fuel of any kind

you can't get stuck

[hearty cradle]

and extracting doesnt cost fuel?

[amber atlas]

no its just slow (and can't be sped dup)

sorry Converting

used wrong language

one sec let me fix

[hearty cradle]

wht does it mean airdrop elements

Ooo

[amber atlas]

**Airdrop **is an action on the **Nexus **structure which gives you a small amount of each base Element (Hyrdogen, Silicon, Carbon)

so you can never be 'stuck' for Elements, you just have to wait

[hearty cradle]

thats really cool. So we can just wait for it

[amber atlas]

and with **Elements **you can build a first level Converter

and with a Converter you can passively generate a small amount of Fuel

[hearty cradle]

you really have think it through

is it possible to get this mechanics document before the sale?

[amber atlas]

I mean hopefully you don't get there, it will involve a lot of waiting 🙂

[hearty cradle]

the rate of production, building cost, etc2

[amber atlas]

its in the original GDD

I mean its more well defined now, but the gist has been there since day 1

[hearty cradle]

how about the transfer fee?

[crisp badge]

Where is the official info on the land sale and starting tier price points for the DA??

[hearty cradle]

#📰〕governance-news

[amber atlas]

gov.illuvium.io

[crisp badge]

Thx

[amber atlas]

we aren't going to publish an IIP for the game design, we don't want to be locked down via IIP to really specific game design details, but I think a general game design update/info doc with a focus on things like how Fuel moves in and out of the game, would be a good idea

[simple grove]

@amber atlas elements from land is used in forging weapons or not? How do equipment get collected by players

[hearty cradle]

thats perfect johnny you da best

[amber atlas]

Elements are IZ only, Fuel is used to fuel actions in other games like creating weapons for Overworld/Arena

you craft weapons by combining the things you collect (via Mining, Harvesting, etc), this crafting consumes Fuel

there may be other ways to get such weapon NFTs (tournaments, competitions, freebies, etc)

(noting: I'm not an expert on the Overworld design, I did design the original Mining, but its grown up a lot since then)

[simple grove]

Nice, So if I have land I can produce weapons and armour? And I can go catch illuvials? Is there any other cost I need to pay apart from fuel and element? Lol, I into collecting illuvials JohnnyA

[amber atlas]

no Land produces the Fuel, to make Weapons or other Items you don't need Land, you just need to buy Fuel and discover (or buy) the other ingredients

"Discover" means mine them from Ores in the Overworld, or Harvest them from Plants, or other resource collection activities

the various Fuels are the only required cost to get things (outside of the free 2 play items/Illuvials which don't even require that) , but of course this doesn't mean some things wont be hard to get

if your goal is purely to collect Illuvials it might be more efficient to buy Ores or already crafted Items from other players... or maybe you prefer to be self sufficient

[simple grove]

Like to be self sufficient also, So for people like me just like to collect illuvials and maybe do some battles it worth buying land?

[amber atlas]

I can't answer questions about "worth"... even if I could predict all the marketdata accurately which of course I can't, I don't know what you value (fun, time, money, etc)

you may be self sufficient in other ways, for example selling some of the the Illuvials you capture to fund your Fuel needs

alrighty got to run, ciao

[hearty cradle]

grazie

[vast gate]

The original IIP mentioned two additional guide documents. Is this what you are refering to that we might expect?

[mental anvil]

where is best place to confirm contract for new silv token?

[amber atlas]

yes

(also I'm not here right now)

[simple juniper]

in #🔗〕helpful-links

[mental anvil]

thank you!

[worthy musk]

do we have the new land sale prices yet or are they the same?:

[vivid cipher]

The new proposal is live. #📰〕governance-news the council will vote soon.

[terse sable]

Could we find out the Affinity for the Crystal Shores region please to hlep deciding on land and blueprints and illuvials that have a higher chance of passing through?

[gilded olive]

Whats the current voting result of iip 20

[little moon]

No votes yet

[hearty cradle]

my guess is 5/5

or 4/5, minus rah

[distant fern]

I know that land will be in dutch auction. Is it right in saying dutch auctions are for the big guys? I mean there is no way the small guys can take in the action for sure.

[hearty cradle]

yes, the purpose of land sale is to drain the whales and burn sILV2

[distant fern]

interesting

but they will still ultimately be the one sort of running game right? since gas only comes from land?

[hearty cradle]

• land produce 5%
• the DAO produce 95%

landowner will run blueprint for skin

[slim flint]

I don't totally agree with all the negative comments here about whales and not getting to buy land. People buy these lands to make money from them. If you buy the land at too high a price you can't make money from it. Plus these lands will take effort to maintain. Whales have better things to do with their time

[distant fern]

it kinda defeats the purpose of draining the whales as they will get it back in no time making them bigger whales in the process

[hearty cradle]

scholar bro

[slim flint]

yet another person to pay

[hearty cradle]

that's how the world works

[distant fern]

man this is a weak argument

[hearty cradle]

what do you want me to say?

[slim flint]

the way I see it these lands are a very risky investment even at a big discount that require a lot of effort.

[distant fern]

nah forget it, I'm trying to find out what the reason why they would use dutch auction and I don't think you know

[slim flint]

plus buying these lands and trying to flip them like other nft's are also a bad idea

[hearty cradle]

revdis bro

some might argue avoiding gas war, but nahh

[distant fern]

I know about revdis, this doesn't explain it, no worries

[distant fern]

this is definitely true, this is a high risk play for sure

[hearty cradle]

very bad idea, the secondary market price will go down in flame

[slim flint]

look at it this way. figure out for yourself what you think a fair price would be for a piece of land so that you can make money from it. wait and buy one for that price. if one doesn't come up for that price someone else is buying it and probably not making money from it. you doged a bullet

[hearty cradle]

we probably wont have any ingame revenue until Q3, that's 1 quarter away from retail and VC token unlock
we need to show some revdis to level out $ILV price

[distant fern]

agreed, bad idea I think. the team is in it for the long term, I don't think flippin it would be a good investment, anyone who buys land will be playing for long term

[hearty cradle]

very very long term
the NFT will produce ZERO income, until the game OB, which may be in Q3 OR worst case Q4

only people who are FOMO and whales who have diamond hands would buy in

and remember, ape land is coming too

[distant fern]

not really, everyone has fair price, and the gap is very big specially for whales but it doesn't mean they are not making money from it

[slim flint]

the fair price will be the threshold where you make a certain amount of money compared to other investments

this should be similiar for everyone

[shell rose]

Ape land?

[hearty cradle]

yuga lab's land, the otherside

[shell rose]

Does that do anything / have utility?

[hearty cradle]

its BAYC, your question is irrelevant

[shell rose]

Lol. I’m out of my element.

[hasty wagon]

@whole spear @noble quest how about Fair Dutch?

[quick grail]

Hoping Andrew posts some IZ content soon. Seen he seems to have started this morning. Still feel like we need an Insider episode all on land. If you don't live and breath in ILV discord the last thing you likely seen was the preview 6 months ago which isnt flattering

[elder summit]

@harsh dew hello

[harsh dew]

hi

[elder summit]

can you accept me

[little moon]

Hey, I still have a question about the Ama. Will it be possible as a landowner to buy fuel from the balancer pool and then swap on land. to do arbitrage? @bitter glade

[hasty wagon]

swap on land?

[little moon]

yeah you can swap fuel on Land, but have to pay a penalty

[hasty wagon]

swap for ETH?

[little moon]

no a Kind to a other, we have 3 Types

[hasty wagon]

right, to other types? Solon, Hyperion, Crypton

[little moon]

no we have 3 Typ of Fuel and 3 Typ of elements

[hearty cradle]

so far, you cant put fuel back to the land

[hasty wagon]

yeah.. 3 types of fuels: Solon, Hyperion, Crypton

3 types of elements: Hydrogen, Carbon, Silicon

[hearty cradle]

if they let you do that, buildings will be maxed out in an hour

[hasty wagon]

wdym?

[hearty cradle]

IZ land has 2 walls, they are:

• resources (elements and fuel)
• time

you can buy speed ups, but so far you cant buy resources

Sorry to bother you again
@amber atlas, but is it possible to buy resources for land?
maybe cap it so that people cant max it out so quickly

[little moon]

yeah goes to much to pay to earn

maybe we got this Opinion later

thanks for the answer Jaganite

[slow cedar]

Hey guys, where can I find the silv2/eth pool these days? (I know it's not officially supported, just trying to do some maths now prices are out)

[hearty cradle]

uni

[slow cedar]

ah perfect thanks. Had been looking on sushi

[hasty wagon]

dextools pair: 0xef9a9283440b2d7efb9c7dcc17e94e234d5ccccd

[slow cedar]

thank you!

[spring jetty]

how many eth should I save for gas for the land sale any estimates?

[slow cedar]

In the AMA today Aaron was saying how by his estimates it being on IMX will save over $10m in gas fees, so I imagine not too much

[hasty wagon]

land sale will be in IMX right? should be gas-less other than initial transfer of funds

[hearty cradle]

0.3?

[spring jetty]

i'm planing on buying at least two pieces of land, I wonder if 0.5 eth will be enough

[potent dock]

I'd probably keep $150-$200 for gas fees, it depends how many plots you're after.

[hearty cradle]

I missed the 2nd half
the tx is made on L1 or L2?

[spring jetty]

2-5 depends on how low I can get that t3 land

[little moon]

but only the mint is on IMX or not?

[hearty cradle]

Jesus yur a whale

[potent dock]

I'd err on the side of caution and keep a bit extra, just in case there's something else happening on ETH during the sale.

[spring jetty]

my goal is to start a studio that specifically work on ILV soooo

[bitter glade]

Yeah.

[potent dock]

My worst case (I'm after a single plot) is like $200, if gas is more than that I'm outies.

[hasty wagon]

isn't the land sale on IMX?

[potent dock]

Land is on IMX, I'm fairly sure the land SALE is on L1.

[little moon]

Holy Moly what a opinion.. got every day more in Love with Illuvium

[spring jetty]

I might get more silv2 soon, if i do i might change my plan and get a t4 instead

that is if t4 drop 50% from it's start price 😂

[hearty cradle]

did you sell someones house?

[spring jetty]

nah just sold my kidney

[empty path]

He stole my kidney

[hearty cradle]

https://tenor.com/view/shut-up-and-take-my-money-futurama-fry-take-my-money-money-gif-15195954

[little moon]

Jaganite you read it...

[hasty wagon]

@bitter glade any chance for land sale to be Fair Dutch instead?

[hearty cradle]

yea im reading your question

[spring jetty]

what is a fair dutch

[little moon]

all Dutch Actions are fair mate..oure opinion what we will pay

[hearty cradle]

i know dutch pancake

[empty path]

wdym

[hearty cradle]

you mean convert fuel?

[little moon]

Yeah convert fuel

[hearty cradle]

yes you can convert fuel

[ornate canyon]

hay fam sorry to bother just want to ask were can i buy the new silv coin affraid im going to buy the wrong one that was hacked thanks

[empty path]

!contract

[dry forge]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV2 Token: 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[ornate canyon]

thanks fraggy ya legend

[hearty cradle]

[little moon]

yeah very sympatic mister fraggy xD

[bitter glade]

No because location matters. Getting plots that are adjacent, have certain site configurations, or are in certain regions might be more sought after. Each NFT has to be treated as non-fungible. And when I say 'no' I just mean I don't think that would be the best idea. The plots will drop fast, all it takes is one to go for a low price and it would kill the sale.

[spring jetty]

are we gonna know more about the regions before the land sale?

[mental anvil]

i see, so it may make sense to have a lot of tier 1/2 vs 3 or 4

[bitter glade]

What do you want to know about them?

[bitter glade]

There are big boosts for a higher tier, and landmarks for rarity. So no. We've designed it so that there are many strategies. If you buy bulk, or buy just one really nice plot, you should be happy.

Snipe a plot that is right between some person trying to get 3x3, that could be juicy.

[mental anvil]

I love it. I'm going to need more silv

[spring jetty]

I'm not sure, I guess I just don't really know anything about regions and how do they affect the land sites yet

[slim wigeon]

I thought there will be packages to buy all or nothing.
So this means someone can really destroy your plan and pay an insane price and laugh at you for 10 years until you pay the price x100 to get this fucking plot to increase your mega city's harvesting capacity 👀

Seems to be a good counter to big whales buying everything

Also makes it attractive to fomo in and pay a high price

[lapis ledge]

Will we be able to see if one plot of Land is owned by someone through Illuvidex alone after bought? It'll make sniping much easier.

[little moon]

sry was a bit out of time... the more important point of my Question was "for example" to buy Solon from the balancer Pool convert it to Hyperion and sell back to the Pool... so do arbitrage. but its allready answerd from Aaron.☺️ a nice opinion to make money for the Owners of Land... aswell it`s good for the ecosystem... so the Prices are allways Balanced in the Range of the Penalty ( sorry for my bad english) xD

[bitter glade]

They don't affect land sites. They only affect Illuvial sightings and the aesthetics.

Unless I'm missing something. It's pretty late and it's been a long year.

[bitter glade]

Kieran just sat upright and said "there is another" and then went back to sleep without knowing why. You will make a great apprentice.

[spring jetty]

okay, thanks! I will look them up and decide which Illuvial's bp do I want the most lol

[bitter glade]

Always pistol shrimp.

[hearty cradle]

is it possible for a 2x2 megacity?

[bitter glade]

I'm actually not sure how fast it will update the owner of the plot. It would only be a wallet address though.

I think it's instant but honestly not sure.

[spring jetty]

that one is actually badass 💯 but I also like the bearrrrr

[bitter glade]

Polar bear is good.

[spring jetty]

water, nature or air, I gotta pick from these three

i wonder if there is spot at the intersection of all three 😂

[little moon]

Will the SINGULARITY SCANNER found Blueprints of all Illuvial Skins or only from the Region where is the Land?

[muted moth]

I’d recommend reading the scanning pdf in the pins in this channel; basically higher chance of finding scans of illuvials in your region, less chance of scanning illuvials outside your region

[void raft]

Hi, will I need to build buildings only once? or will it be like for example townstar where each month you have to build whole economy from scratch?

[little moon]

thanks for the answer.. you mean the ILV Zero PDF from Infoluvials?

[muted moth]

No. In the pinned messages in this channel. I’ll link you to it: #🎮〕illuvium-zero message note that this is old, so the numbers may not be exact

[lapis ledge]

Got it. A different question: the DAO will step in to withdraw/supply fuel to the pool when the fuel price deviates by >25% of the original price. Is the original price calculated in its USD value or in its ETH value? From what I understand about pools (but please cmiiw), if it's calculated in its ETH value and the original price for X Fuel is 1 ETH, when ETH increases in USD value by 100%, X Fuel will still be worth 1 ETH, but X Fuel has actually deviated by more than 25% in USD value. I guess it's more of a question about how pools work as well 😂

[little moon]

thanks man

[mortal mural]

i heard there will be future uses on fuel other than traveling. will therebe any on using fuel to make other resources (outside IZ and Illuvium) needed to future upgrade IZ extractors?or anything similar?

[lapis ledge]

Ah okay got it. Answered in AMA. The expected thing to happen is Fuel will be worth less in ETH because demand might lower.

[hearty cradle]

im not sure if we can buy fuel in IZ

[little moon]

My example should work.. if Aaron got me right 😅

[bitter glade]

Currently Eth.

[lapis ledge]

Okay got it. I understand the logical reasoning behind how we expect that the ratio of ETH/FUEL will be lower when price of ETH increases in USD value (because land owners will just use that opportune moment to dump all their fuels in the pool, thus increasing the number of Fuel and making each fuel worth less ETH), but I'm curious about this thing: can the rails set by the DAO be the thing that's limiting the ability for the fuel to reach its real market value caused not by the land owners trying to manipulate the market, but by the unpredictability of how ETH price will move? I remember (please cmiiw) that there's an attempt by the DAO to keep the cost for action in-game low in $ value, but making more actions (microtransaction is the term if I'm not mistaken). Say that ETH spikes in price significantly such that the dumping of fuel by land owners should actually make the fuel price fall to 40% of its original price (in ETH). With this rails limiting the fuel price to reach its original value (in USD), an action in-game might cost more (maybe not so much that it's a big issue though).

There's also a possibility that people start thinking: oh yeah ETH just doubled in price, it's normal for all crypto-related things to also double in price and the price won't be an issue at all. I guess I'd just like to know what your thoughts are on this.

[bitter glade]

You are spot on. That’s why rails shouldn’t be a long term thing in my opinion.

Others have suggested fixed price in native currency though. I would like to see a proposal that does this and doesn’t break the game. I can’t think of one.

[lapis ledge]

I see. Got it.

Mm what does fixed price in native currency mean?

[slim wigeon]

he's talking about Fiat stables most likely

[lapis ledge]

Oo okay. What's the known issue with using a fiat stablecoin as Fuel pairing?

[bitter glade]

Someone in Europe pays in euros. Someone in Venezuela pays bolívar, etc…

[slim wigeon]

As I understood the DAO will supply or buy fuel if the price fluctuates more then 25 % against ETH most likely. I think it's a very complex questions as it depends a bit on the DAO AMM and what exactly he's going to do. Also the question is if the fuel supplied is from when they bought when the price of fuel was low. In my opinion this is not the case probably someone from the team can confirm that the DAO will produce the additional fuel as otherwise we could see an enormous fuel price spike when too many players need to buy fuel and the DAO has no fuel left.

[lapis ledge]

Oh. Just to clarify, was the suggestion about making actions in-game a fixed price in fiat determined by the DAO (i.e. each action can cost less or more fuel depending on price of fuel at that moment)? Asking because tabaluga said that you were referring to pairing fuel with fiat stablecoins instead of ETH and not what I just asked.

[fierce fern]

So end of May is realistic for the landsale?

[analog inlet]

i agree on each persons use of native coins would not be good for the overall economy.

[analog inlet]

there really is no good estimate people just need to wait and when they have a date they will announce it

[lapis ledge]

Anyway, thanks for the time to answer my question and my many follow-up questions 👍🏻

[daring orbit]

Hi there guys

I’m new here and as usually I have some questions. So I understand that at the end of may will be possible to buy land in theory right?

[hearty cradle]

Yes

[daring orbit]

It will be based on an auction or something? If I don’t get to buy some land I can still invest in the project for a future income?

[hearty cradle]

yes
yes

[daring orbit]

I think I have to read the white paper or something so I understand a bit better the project

[analog inlet]

read these it should answer all your questions about staking and the 2 different official pools. #🥩〕staking message

[hearty cradle]

have fun

[daring orbit]

Ok thanks

[tall bear]

True but let’s face it, in the fiat currency game USD is king

[fair temple]

I still cant wrap my head around balancer pools. But once I get it, I'll help thinking lol (though I doubt it will help)

[tranquil python]

Any ideia for the T4 land prices? I mean, not initial prices, the price they will be sold

[little moon]

Thanks for this. Question though - how do land owners monetise this bio data after you have proactively scanned for them?

[terse sable]

Is there an addition increase in production of the element or fuel if ther is a land mark on T3 and T4? If so, by what percent? Is it just for 1 of the 3 types of fuel/elements randomly or all of them on the land?

[velvet ember]

You can sell them or craft them before selling.

[stone jewel]

Probably a stupid question, but what are landmarks that I heard T3, T4 and T5 lands will have? English is not my first language, so the meaning of landmark is not clear to me. Thxx

[tall bear]

Basically anything from a nice looking rock, art piece or whatever to a whole arena. It just something that looks pretty in the middle of the land, that gives extra utility (ressource boost for t3, fuel boost for t4, a whole arena that will later enable the owner to host esport events for t5)

[stone jewel]

damn nice! Thx for the explanation man

[analog inlet]

IIP-20 Parameters for Illuvium: Zero Land Sale has now technically passed with 3 approval votes

[tall bear]

Goodie, now let’s talk datesssssss

[barren spruce]

“Late November”

[simple lance]

Math check. If tier 1 has 1 fuel site and tier 2 has 3 fuel sites, can I assume 3 fuel sites will triple the output of 1 fuel site? And then add 33.33% for the boost. So a tier 2 working at full capacity should make triple plus 33.33% of a tier 1 working at full capacity?

[mortal mural]

I’m guessing so too.

[barren spruce]

As long as it work like what we assumed, yes

[mortal mural]

But I heard somewhere (i think skoriox) that higher tiers would achieve higher capacity much faster

[simple lance]

not much faster, I think 6 months for tier 1 and 5 months for tier 2

[mortal mural]

I think I heard Kieran say that it would be late April or something. Like that. So late November seems reasonable 😂

[barren spruce]

Haha I just cannot let it go, “Late November 2021” made me lose more than 60% of the money I set aside for land, gotta take every chance I get to throw a jab

[mortal mural]

How did it make you lose money?

[barren spruce]

Not just me, a lot of ppl were expecting the land sale so we stocked up on sILV which was like $400-$500 a pop back then

It went up to, iirc, about $800 at one point closer to the “late November”

[hearty cradle]

oh dear

[uneven dawn]

Now that the land sale is more like weeks rather than months away, isn't it worth buying the amount of sILV2 with our ETH allocated for the land sale to effectively get 2.7x more value (sILV2 @ $191, ILV @ $520)? (Assuming ILV performs similar to ETH by the time the land sale gets here)

[hearty cradle]

no
its gonna dip

[uneven dawn]

Okay... but the theory stands yes?

[paper flame]

Ya I stacked up when it was $500 before the hack. I think skoriox said tier 1 would have the fastest return?

[hearty cradle]

yes,
sILV2 is gonna dip soon

[quick flower]

Do we have to pay for buildings/miners within Illuvium zero?

[hearty cradle]

no

[uneven dawn]

What indicates that sILV2 is going to dip soon? Won't it more likely converge with ILV's price as more people buy it to purchase land?

[quick flower]

Sweet, thanks

[hearty cradle]

over supply

[mortal mural]

I also think this. I don’t understand why would silv2 would dip

[uneven dawn]

But there's only enough sILV2 to buy the land at 30% of listed price...

[mortal mural]

So people take the chance to sell?

[hearty cradle]

you probably dnt know where sILV2 comes from

[mortal mural]

Wouldn’t demand follow?

It’s the fix from the hack on silv

[uneven dawn]

People claiming staked ILV rewards as sILV2?

[hearty cradle]

im swimming in sILV2 at $160

[mortal mural]

You say it dips to 160?

[hearty cradle]

i went lower to $150 if you see the chart

this time its probably gonna dip to $170

[mortal mural]

Last time dipped before delay announcement?

[hearty cradle]

No

like i said, its gonna dip because of over supply

[mortal mural]

People claiming silv2 instead of ilv?

[hearty cradle]

you just dnt know when, but i do, just stay tuned to this channel or #💰〕token

[uneven dawn]

No one knows Jaganite... have a bit of humility

[hearty cradle]

sure

[mortal mural]

I’ll go over there and study the whole chat from November

And then we can have another chat, then I’ll ping you so we can have another chat cause I can understand why would it dip right now.

[hearty cradle]

have fun

[tranquil python]

I don't see over supply. I see the opposite. 100% of the existing sliv2 will be needed for land sale and still it won't be enough. When land sale arrives, until silv2 < ILV there will be people trading ETH for silv2, so silv2 should rise to near or equal ilv price, in my point of view.

[south belfry]

No silv for T5=un happy whales dumping

[tranquil python]

I don't think most whales ever thought about T5.

[south belfry]

Well there sure was an unhappy one in the discussion channel they just don’t waste their time with the chats

[tranquil python]

Sure, a few of them, I imagine... but, as I said, I don't think most of them are really worried about that

[south belfry]

Just wait for the land sale hype and people buying silv for exit liquidity

Why would they not be worried about it if they invested that’s pretty tone deaf

[tranquil python]

How many whales do we have? We just have 2 T5 for now.

[hearty cradle]

i think we are talking about different dates here

[south belfry]

The whales will determine what they pay anyway

Even if it’s just 500k for a tier 5

[tranquil python]

Anyway, I hope you are right, so we can buy land cheaper

[south belfry]

They’re taking the biggest gamble because there’s just speculation how the arena will work

I think they’d mostly be banking on the fact illuvium gets big and they can rent out ad space in the arena

It’s kind of scummy though and a slap to their face to drop a iip clearly stating land can be bought with silv and then have a side bar that’s unofficial saying it can’t be used for t5

[hearty cradle]

a dude with 7K sILV2 was surely unhappy with that

and then i told him it will prob sell for at least 15K sILV2

[south belfry]

It’s really not that hard to have a verbal auction and then just have them send the silv to a burn wallet before sending them the land. The only technical issue is it would make the twitch stream less hype

[spring jetty]

yawn, this again. people just love to repeat the same things over and over

especially after it's been explained by Kieran multiple times

[south belfry]

Yawn, this again. People just butting in to discredit anyone that’s pointing out anything they don’t agree with

There is no issue with holding a verbal auction. The team mints the land and then sends it to the winner when the funds are sent

[barren spruce]

I think so too

There’s just not enough silv2 for an actual whale to accumulate for T5

[hearty cradle]

For a single whale

[south belfry]

7k silv is 3.2m right now I think that’s plenty to bid for t5

[barren spruce]

You could be right, everything depends on how the investors see this project, it could go half of that or even 5 times more

[south belfry]

3.6* sorry

[barren spruce]

Back then I was guessing around $10m or even more, now I dunno

[south belfry]

Very much so whales do decide the fate overall and they don’t pay stupid amounts for nothing

I think as of now they probably have the same usd amount in silv as back in November but they have more silv total now

[barren spruce]

Yeah I didn’t know that until today

[south belfry]

A lot of people didn’t until yesterday

[barren spruce]

I personally don’t think there’s enough silv to horde up for each megalodon for a T5 anyway, ofc just my opinion

[south belfry]

If that was the case then it should be honored as a bid as well if they truly think eth will win in the end

[main needle]

What price does tier 1 start at ?

[south belfry]

2 eth

[main needle]

Thanks Where can I find duration of aution etc is there a segment done on this ?

[south belfry]

Check the #📰〕governance-news channel

[desert trout]

if they really market the auction and make it a huge event it would be problematic if someone did win the t5 with silv, What kind of article headline would you even put to that? It won't get the impact we want I don't think unless it's something like t5 lands go for $10 mil in eth each.(just an example price)

[south belfry]

That’s my point it’s not a technical issue

[marsh cobalt]

guys im sorry if its repetply the question, but where i can see the prices of the lands?

[desert trout]

I feel for the people who have held through the exploit and get the frustration a bit, but there has to be a larger focus than on just a few people. They are doing this for the betterment of the DAO as a whole. Just hold the silv and hope the market does what it should and the secondary price appreciates when the time is right.

[south belfry]

#📰〕governance-news

[south belfry]

Those few people are a big part of the DAO though they have a big share

And they’re the few people who would actually buy the T5 or be able to afford it

[desert trout]

I've no doubt about that, how else do they accumulate so much silv. But regardless, you have to make compromises and focus on what's best in the long run.

[south belfry]

It’s not really compromising let’s say the sale as a whole went for 100m and each t5 went for 2m each that’s only 4% of the total rev that’s pretty small to make a fuss

[desert trout]

I'm thinking along the lines of getting the good headlines with the individual sales still, compromise though was probably a wasted word

[south belfry]

I mean it may not be in eth but it’s still x amount in value, headlines get fluffed all the time

Would be along the lines of 5354 silv valued at 3.4m$ somewhere in the article lol

[desert trout]

You can't say something like "ILV raises $10 mil or ILV gets $10 mil for rev dis from t5 auction" though

[marsh cobalt]

thanks man

[desert trout]

they both have merit but one is clearly better

[south belfry]

You’re not wrong people want to hear rev dis

But shafting your whales just for a headline is meh

[desert trout]

hmm, well then we just need to hope someone has a lot of eth to make it a mute point

[south belfry]

Whales make projects go round and that’s just the reality no matter what you’re in

Yeah we’ll see what they truly value the t5 at

They could always stick it to the sale and it will be cheap lol

[barren spruce]

Everybody get shafted in this case IMO

[desert trout]

A successful land sale that can make big headlines is in every investors favor for sure. Speaking especially from the revenue generation side of things to get more people talking and looking in illuviums direction

[lofty kite]

Hi where can i find more information on land/ illuvium zero?

[desert trout]

check the pins isn't a bad start tbh

[south belfry]

I don’t think rev distribution alone will suffice tho

It looks pretty but it’s not enough and the people who find out about it after the fact won’t benefit until another sale happens or constant revenue being used on the game

[desert trout]

if the teams ideas for how they plan to distribute proceeds are as i'vbeen reading, there will be plenty of time for people to come in and reap the benefits of rev dis

[lofty kite]

Appreciate the help. Wow very high price for even T1

[south belfry]

And considering the main selling point of the land isn’t going to be in function until the overworld beta is out might just make people think there’s still no utility yet

[desert trout]

@lofty kite it is only a starting point, and by design meant to deter immediate buying

[barren spruce]

But yeah we get shafted for the betterment of the future of ILV that’s a sacrifice worth doing for

[desert trout]

@south belfry i mean, so to speak, there isn't until the game comes, correct

[south belfry]

I’m not sure how that would be I’d assume a snapshot gets taken each time to see who’s actually in the staking pool at the time of handing the distribution out

So if they set 50m to be distributed it may only be for the people caught in the snapshot who are staking that’s what I would think but not entirely sure

[desert trout]

@south belfry I don;tbelieve so, that would be a pain in the ass in the long run, all that matters is you are staked and when rev dis is sent out, the contract or whatever calculates then, part of why the min lock period now is 1 month

[south belfry]

So then you could be getting less every month if more people add to staking

[desert trout]

Correct, but if new people are adding, that's either buying pressure or less selling pressure so it's ok

to be clear as far as i know too, the land sale proceeds will gradually be released over potentially several months, maybe even longer. that was the impression i was getting from a discussion the other day, and likely all future rev dis

[south belfry]

Yeah I think 6 months or something

Guess we just wait for the date now

[barren spruce]

Late November ofc

[desert trout]

the sale or when rev dis finishes being distributed? XD @barren spruce

[south belfry]

Both lol

Some more gameplay would be great

[desert trout]

we could use some pvp but I'm ok with waiting, land gameplay would be nice too though

[south belfry]

Yeah that’s what I meant haha land gameplay

[barren spruce]

Nothing but date for me

[south belfry]

I think they really push it for before unlocks

[vague wolf]

When the Dutch auctions happen is there a way to monitor the blockchain to snipe the land at a lowish price?

[south belfry]

You could it will show the token ID so if you want it faster than transacting through the illuvidex

[terse sable]

Does that mean there may be a way to buy a megacity all at one time?

Have you decided what will compose a megacity? 1/2, 2x2, 3x3, etc?

[weary spindle]

Guys question. After the landsale…the land owners will have the posibility to sell them on the secondary market (Illuvidex) right?

[lunar shell]

yes

[weary spindle]

Second question guys: if I want to sell my land on Illuvidex I can receive only ETH? Or it will be ETH and sILV2?

[vivid cipher]

Player to player sales will only be in ETH.

[weary spindle]

Ok. Thank you. So you can use sIlV to buy land only at the official landsale. After that you can buy land from secondary only with ETH. Right?

[vivid cipher]

Correct.

sILV2 is only ever usable to pay directly to the game studio.

[weary spindle]

Thank you!

[quick grail]

I’m itching for land sale but after hearing about what happened to AkuDreams contract today I am glad the team is prioritising audits

[hearty cradle]

Lol

[barren spruce]

What’d I missed..

[hearty cradle]

bids are locked

[quick grail]

Hard to explain. If you got Twitter should be easy to find. 34 million worth of eth locked for good

[hearty cradle]

3.5eth dutch auction

not sure if its a rug tho

[quick grail]

One of the worst part was that you could buy it high and get refunded the difference between what you paid and what the price settled on. So some people just minted instantly high expecting to get refunded. But she’s all gone

Don’t think it’s a rug either. Feel sorry for the guy. One fucked contract and his project likely dead forever

[half turtle]

Any ideas if the 25 (T1) plots, and the 4 other T2:5 plots being reserved will produce resources; Or are they strickly for testing?
If they're just for testing, then why not just create a prototype, that can produce any desired region, sites and yield output percentage(tier)?
In other words, why remove actual land from the market, when the conditions and outputs can be generically reproduced?
Hope this makes sense, and if it's already been answered can someone drop a link?!

[hearty cradle]

you still need to test production asset

the testing environment wouldnt interact with balancer pool and illuvidex

[quick grail]

i thought i read most of them were for give aways but cant find where i seen it

[ionic sierra]

will it be possible to get a T1 for 1.2ETH? When will the illuvial minting start? at what prices?

[fair temple]

Illuvials, the animals/creatures that are found in the game will only be available through playing the game. Or bought from other players.

The Tier 1 land that is auctioned off in the next land sale with no official date, will have a starting value of 2Eth. This price will decay with 2.5% each minute for 2 hours and drop to a minimum of 0.1 Eth.

If nobody has bought it in that 2 hour period, the land will be taken off of the auction and will be left un-sold.

So, illuvials wont be bought anytime soon and T1 lands will start at 2Eth.

[fringe fiber]

Does anyone know what the value of ilv2 will be? Par with ilv or market?

[fair temple]

SILV2? It will be pegged to the illuvium value when used in the game. But there is no use for owning it now as the first opportunity to use it will be the landsale... and the landsale is likely more than a month away.

[fringe fiber]

I’m trying to decide whether to start claiming a warchest of silv2

If it’s not at ilv value. Seems dumb. Just use eth

[fair temple]

Since the market price of sILV2 is way lower than ILV you míght be better off just buying a bunch rather than claiming your rewards as ILV.

But up to you. Im always bullish on the project so i only claim the little rewards i get as ILV ^^

[fringe fiber]

Unfortunately I’m balls deep in ilv and SNX so not a lot of liquid assets with the escrow on both projects

[covert flame]

where do i getsILV2

[fringe fiber]

I figure silv2 gives me instant access to my yield from staking

[fair temple]

You can buy it in an un-official pool on Uniswap. You can plug in the official address found in #🔗〕helpful-links and then trade in the sILV2/Eth pool. Any trading there is with its own risks and the team will not be accountable for any losses you might make. So trade at your own disgression. :)

[fair temple]

But only about a third worth of the ILV price. So yes if you dont expect the game to do well in a year you could sell it off right away.

[covert flame]

thank you for letting me know 😛

[harsh burrow]

Guys when does thé landsale happen ??

[fringe fiber]

But here’s the point. What price is silv2 priced at. If 1:1 with ilv then you should use it over eth

[fair temple]

Yes the market value now is lower than the usage value. But that is because you cant use it yet :)

[fringe fiber]

For the land sale u can

[fair temple]

Not confirmed. But audits are expected to be done mid-may. And then it will still take time to actually start the auction. So give it another month and we should be getting real close!

[harsh burrow]

Okay...

Waiting since septembre, back in september I could expect to get a T2/T3 with 5 silv, now i m not even sure to get a T1 😭😭

[fair temple]

I feel you man!!! I remember the tease that it would happen in november 😂 , third of January! And then bam the hack and now possibly may 😅

But i think a T1 for 5sILV would be possible :)

[harsh burrow]

Yeah exactly 😆😭

Well i hope so haha 🤞🤞🙏🙏

[crystal wave]

silv2 will have the same value as ILV in landsale , is that correct ?

people were saying that for some weeks ago

[fair temple]

Yes

[crystal wave]

so 517 dollar as for now

so we get a discounted price of that of silv2 for 191 dollar right now

im i thinking right

[tawdry plank]

yep

[crystal wave]

so if i want silv2 worth 2 eth valued as ilv how much should i buy

to cover tier 1 eth prize

[tawdry plank]

eth = 3000, ilv 500

12 at current prices

[crystal wave]

so like 2244 dollars in silv2

[crystal wave]

can we sell back silv2 if we dont get land

just swap back

[spring jetty]

if the pool still exist by the time you want to sell

[crystal wave]

oh i see

so it can be some problems i see if it ant go as planned

[tawdry plank]

you can just use it in game, when is it live

[little moon]

In game is ETH. sILV2 is just for buying from the DAO.

[little moon]

I doubt there will no pool to swap back. So that risk is low. Also the Illuvitar sale will come after and you can use it there.

[tawdry plank]

you can use it in game instead of fuel

[signal raptor]

oups, wrong channel

[little moon]

No. Maybe you can buy fuel with it from the DAO but not use it directly.

[tawdry plank]

alright, not gonna argue about exact mechanics. I'm standing behind my previous statement.

[little moon]

Well. Okay. Even if they are wrong? If not show the source?

[hearty cradle]

sILV2 is used ingame as an alternative to fuel

[covert flame]

So with that in mind.. whose gonna buy with Silv2 and who with eth?

[little moon]

Where do you get that from?

[hearty cradle]

#📰〕governance-news

[crystal wave]

maby silv2

whats are the thoughts of the prizes for tier 1 will they go down

in auction

[little moon]

No one knows… there Are Nearly no Information regarding the generated Revenues per land plot

[craggy reef]

@little moon @tawdry plank @hearty cradle $sILV2 is a Synthetic ILV token and can be used as in-game currency for things like travel and shard curing. It can be earned by staking $ILV in the protocol. $sILV2 is pegged to the value of $ILV for in-game spending power. $sILV2 cannot be used in player to player transactions, such as buying/selling Illuvials. https://www.illuvium.io/faq

[little moon]

Wow. Okay. Than I had a total misunderstanding. Thanks for clearing that up.

[hearty cradle]

nice dude

[crystal wave]

so what does this all mean for upcoming lansale

buy ilv2 for land and if you dont buy land what can we do with the silv2

high chance to swap it in pools ,

what is shard curing

[craggy reef]

Based on the whitepaper, you can find ore, uncured shards, and rare gemstones on the planet's surface. So I guess Shard Curing would be the process of making these shards useful for capturing Illuvials. https://docs.illuvium.io/whitepaper/game-overview#shards

[covert flame]

Id use it to buy land … I’ll wait till have enough Eth to buy enough for a plot and then I’ll just go for it in one of the sales

[barren spruce]

ty

[slate dome]

Hi new here. Is there a whitepaper just for Illuvium Zero?

[hearty cradle]

Pinned

[slate dome]

Thanks!

[hearty cradle]

https://tenor.com/view/when-wen-naru-yummi-yummi-universe-gif-23030317

[lapis ledge]

https://tenor.com/view/wen-reverse-gif-23807834

[barren spruce]

"Late November"

[void raft]

Hi, I am sorry, for asking again, but last time I didn't get an answer. Is IZ going to be like settlers Online, where you have land and buildings on it for like 2 years, or more like Townstar, where you need to build them from scratch every season/month? thanks

[floral locust]

The buildings are persistent. When you build, You can deconstruct and move it

[void raft]

ok thanks, I hope that moving building wont be expensive 😄

[waxen vector]

Does the building keep its upgrades when you move it?

[hearty cradle]

Yes

[tranquil rampart]

Will the land sale be on Layer 2?

[floral locust]

The sale will be on L1, and they will mint on L2

[burnt bridge]

Seems like if you want to buy land it’s smart to acquire sILV2 here since the discount is massive

[queen nest]

They were hoping 2nd land sale was on L2

[amber narwhal]

https://tenor.com/view/when-wen-naru-yummi-yummi-universe-gif-23030317

[queen nest]

There's so much hype from the people who are here it's insane. Can't wait until things start moving and the word of mouth will really push new players here

[desert trout]

Silv is certainly at quite the discount for taking advantage of during land sale but we are still several weeks away from it or so at least so it’s enough time for market to change drastically, hence I can understand the gap being there.

[steep ivy]

Grinding the hell out of Stepn for this landsale, all in

[barren spruce]

I planned ahead and bought them in October 2021, smart move right ?

[desert trout]

@barren spruce life hits hard sometimes doesn’t it?

[barren spruce]

Life or lies I wonder /s

[viscid solar]

Hey guys is the game out yet? 🙃

https://tenor.com/view/just-kidding-just-a-joke-christina-aguilera-just-joking-gif-15374972

[short goblet]

Where can u read the details of zero land auction coming up since this is an open thread ? Is there announcing or medium specific to this ?

@ionic stag

[floral locust]

#📰〕governance-news

[short goblet]

Ty fam !!! U trying to go for any ?

[floral locust]

I'm gonna keep an eye out for the right price 🙂 if not I will spend in game instead

[steep ivy]

Hoping t1 drops to $1k on landsale day

[hearty cradle]

it's gonna be weeks away guys

[barren spruce]

Weeks is ranging from 2 - 999,999,999 btw

[hearty cradle]

https://tenor.com/view/toy-story-buzz-lightyear-toy-fly-to-infinity-and-beyond-gif-17474152

imo june, near the unlock

[desert trout]

As delayed as we’ve been I gotta think they are planning to have everything ready ahead of time in expectation that no major issues arise from audit process so they can roll by end of may start of june at the latest.

[hearty cradle]

marketing hasnt even started yet

[desert trout]

I would say it has to a small degree at least but nothing huge like paid promotions that i know of yea

[barren spruce]

Yep, I’ve seen a handful of youtubers started promoting

[rancid whale]

when is the land sale?

[floral locust]

no date set, speculation is sometime in may

[queen nest]

You love stirring the pot hahaha

[rancid whale]

thank you

[queen nest]

Huge sell pressure for people who were buying for T5. It'll catch up as we get closer and marketing increases

[viscid solar]

I was being ironic 💁🏼‍♀️

[lethal thunder]

Regarding the Land sale, does anyone know how much the prices will decrease overtime?

[vivid cipher]

#🎮〕illuvium-zero message

[queen nest]

I know I know. I loved it lol.

[lethal thunder]

Thanks

[mortal mural]

Late November

[mortal mural]

Was that a lot of people?

[tall bear]

not a lot of people, but a lot of silv2

[viscid solar]

Oh, thanks 🫠

[lofty cape]

2.5% per minute from release

[tropic shard]

Don’t get too excited. These land sales are drastically over priced right now. I suspect they will make the land more valuable as we progress. My hope is that The land will not be so severely limited to the overall fuel in the game. Right now the council will have a monopoly on the fuel

If they try to have them more open economy I think that Olivia will really take off. It has a great opportunity to show the value of gaming tokens like Axie did at first. My impression is that the council is trying too hard To market the land while maintaining summary authority over what the land operates as an in game commodity. So we will see

[tawdry plank]

They have to produce most of the fuel, cause that's main source of revenue, which goes to ilv stakers.

[hearty cradle]

A lot of mis info here

1. Land produce 5% of total fuel,
   the DAO (stakers) produce 95% of fuel.

2. The Council is elected representation of stakers. They have the authority to vote on IIP.

3. The objective of land sale is to generate revdis, burn sILV2 and provide a gamified staking

[waxen vector]

Do you mean stackers will claim them SILV2 wich will decrease the SILV2 price?

[kind wave]

sILV2 is pinned to the price of ILV for in game purchases (including the land sale) Unless you're talking about a 3rd party DEX, and the only way increased sILV2 supply will effect its price there is if people stake it in that LP

[hearty cradle]

yes

[plush turtle]

At first glance, prices for land seemed a bit high. But it just makes sense.

[empty path]

@acoustic grail this has nothing to do with illuvium-zero, I removed it.

[ionic sierra]

Has anyone calculated the annual income for a T1!? Possible to know now aprox??

[fair temple]

Based on revdis that we cant really be sure of. Has to do with the amount of fuel people buy which is strictly used for playing the game and not for trading. So it is hard to calculate it. The revenue over fuel would be a large fraction of the total revdis model. So we can only make rough estimations, and actually making an educated guess is really tough.
Land would take an unconfirmed amount of days to maximise and produce optimally, which would also require time or extra funds as well...

[hearty cradle]

Not possible

[elder summit]

@high sleet

[tropic shard]

I understand what you’re saying. The DAO is mostly the owners of illuvium. I haven’t posted in months I forgot there’s no criticism

[empty path]

wdym there's no criticism?

[high sleet]

Check out My latest video

[elder summit]

accept

[waxen vector]

Are elements & fuels going to have a use case in the lands?

[noble vapor]

Good evening

[tawdry plank]

wondering, can we use sILV for speedups in IZ?

[ionic sierra]

Does anyone know why the nft that are in Illuvium OS are starting to upload since yesterday? Have I missed something??

[empty path]

Please don't post the same question in multiple channels

[ionic sierra]

ok

[hearty cradle]

search my chat history for criticism

[hearty cradle]

so far, it's bought with fiat

[hearty cradle]

elements and fuels in IZ are the resources for buildings

[tawdry plank]

too bad

[hearty cradle]

app store and google play

[tawdry plank]

yeah, was thinking

[cyan dew]

https://tenor.com/view/pirates-pirate-defi-pirates-defi-wen-gif-25163527

[harsh acorn]

I am excited as the next guy to play the game but asking when does nothing but frustrate the devs working so hard to get the game out to us. Judging by how smoothly the closed beta is going we should be experiencing the awesomeness soon enough

[tawdry plank]

I don't find it funny anymore either

[fierce fern]

Some use it as meme maybe...
But its also a question, what they have to take, cause the delays are real.

The Team are working on so much different things, that they will miss a lot of Dates.
Who was it Grant?...".the endproduct will count, noone will remember the delays"

[vagrant heron]

If I want to play IZ on my phone, will I need to have my wallet (and seed phrase) on my phone aswell? Because I just bought the hardware wallet to not have to deal with this and have my seed only stored in the hardware wallet

[vivid cipher]

They’ll have a way to connect your account to your wallet without having your keys on your phone. Probably something like connecting your wallet on the web app with your in game account.

That’d probably mean there’s a separate button for getting blockchain approval for contract interactions like taking your fuel tokens out of the game and into the DAO pool or your main game wallet.

Not a problem since the #🎮〕illuvium-zero game will be playable in browser too I believe.

[queen nest]

Are we able to sell fuel at any point or will there be blackout periods

[vivid cipher]

Blackouts have not been mentioned. It doesn’t seem like that will be a thing. Once fuel is able to be minted after the main launch

[lofty void]

Hi guys. Sorry to bug if these have been asked already. From what I've been reading, next few weeks should be land sale and around Nov. for game release?

[queen nest]

Perfect :)

[queen nest]

Weeks being 4-8 but roughly yes

[lofty void]

Sweet! Thanks man.

[hearty cradle]

if it's on IMX, we probably dnt have to withdraw it to our wallet. from what i see from gods unchained, the withdrawal can take up to 24 hours.

i saw the team play IZ on pc using bluestacks

[vivid cipher]

I guess I mean for the fuel tokens to get minted and sent to the imx wallet and usable in the main game. Not really withdrawn to mainnet.

[barren spruce]

Anyone knows who make the illuvialmaster website

[plain sundial]

This is probably a odd question, maybe it was answered before, but will there be any military involvement when you play Illuvium 0?

[floral locust]

https://tenor.com/view/police-car-cops-serious-gif-14703298

[vivid cipher]

Do you mean in game combat stuff? No. do you mean real world military involvement? Who knows?

[plain sundial]

😂😂😂 what I mean is, do I have to defend my buildings/structures etc. from other players?

[hearty cradle]

Zombies

[hearty cradle]

Sky | ACG | Illuvialmaster#7420

[vivid cipher]

No. Not until an expansion of the game is approved and developed

[solemn pebble]

Is there any information on the price ranges for Fuel and an actual production capacity per fuel and element site? It's is probably really important to work out what you are willing to pay for a land plot - Hope this info comes out prior to land sale.

[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.

The info about how much of the total fuel supply that a single land could potentially produce IS available. If you do math.

This post #🎮〕illuvium-zero message and the land total should make it doable. Maybe the top pin already used that too.

The rate at which fuel is produced in #🎮〕illuvium-zero is probably going to need to be changed as demand changes. It may end up taking an IIP for that. PLUS the rate at which players will ACTUALLY be capable of producing the fuel as tokens won’t be entirely clear until we get to start playing. And we won’t produce ANY tokens for awhile after that because we wait for the overworld public launch.

[analog inlet]

@atomic zealot here is some info on how revenue works in #🎮〕illuvium-zero #🎮〕illuvium-zero message

[atomic zealot]

Thanks for tagging me! Correct me if I'm wrong but I thought the 5% isn't just fuel, it's also the elements and blue prints? It's of all in game purchases, am I right? Also if I produce 10 units of fuel, can I sell all 10? How does that work if I'm competing with the DAO? I'm so confused on that part.

[barren spruce]

[barren spruce]

Yes they’ll try to buy your land

[queen nest]

I love how much we speculate on things but when land comes there will be a shit ton of info that comes with it on most of these questions. I mean we do have some great questions to understand core mechanics but most will come in time.

[analog inlet]

you're not competing with anyone actually. you're just playing a game, making fuel tokens swapping them for ETH at the balancer an taking you're a share of the 5%

The 5% is only based on in game purchases that are made using the FUEL token specifically nothing else.

Kieran confirmed that here #809220563397902346 message

[atomic zealot]

Is that tag correct? I don't see where he said that

[barren spruce]

The only thing you’re kinda competing with everyone else is scanning for blueprints

[analog inlet]

yea...he specifically stated Rahlords statement was correct.

[atomic zealot]

Is the tag correct? I don't see where he said that.

I'm guessing they made it so land can only produce 5% of total fuel then...

What about elements can I sell those?

[hearty cradle]

so far, u cant sell elements

[atomic zealot]

For some reason that's not where it's taking me.

[solemn pebble]

If the fuel price is based on $5 with the potential for the price to fluctuate 25% either side of $5, so $1.25, meaning price of fuel could range between $3.75 or $6.25. Furthermore in this hypothetical situation the T1 land produces 1 fuel per site/day. So, 1 fuel per/day for T1 land, meaning i can make between $3.75-$6.25/day. Based on that information I can do a discounted cash flow model or what ever calculation i feel fits best for me to then say i am willing to pay X amount for land in the dutch auction.

I don't know what you are talking about, but as far as i can see is that you can't calculate what the land production is, you can identify what the production is relative to each other, there is a VERY VERY VERY big different between those to operations. In the example above T1 land produces 1 fuel and the price is set at $5 i can work out to a degree what my expected return is should be, but if in a scenario the fuel in priced a $1 and t1 land produces 10 fuel per day my hypothetical return is $10 and then my price i am willing to pay for the land in the sale changes. If in the first scenario of $5 and 1 fuel/site/day and then look at a Tier 4 land and you luckly get all the same fuel type as your fuel landmark it seems at a minimum you a 300% production bonus, so 9 sites x 300% = 18 fuel per day @ $5 = potential return of $67.5-$112.5 but lets work off $5 fuel or $90. The second scenario of $1/fuel and 10 fuel/site/day for a T4 land with said production capacity i have a range of $135-$225 but the base case of $180.

So how can you say the price doesn't matter? As far as i can i make out there is no logical way you can hold the position that you do. Yes the land holders are meant to get 5% of the total fuel sales through the balancer pool but if the productions capacities aren't defined how can anyone be expected to buy the land - people still will, but if they are actually thinking, a massive amount of risk that will need to be priced into the land.

[atomic zealot]

Yeah I'm not a fan of this 5%

[analog inlet]

If you are looking for specific numbers, they don't exist because the game is not live, and the payout will always be I flux as its bases on fluctuating in game activity. could be $1, the $5 the next $7 the next $2 the next etc....

What @vivid cipher has told you is correct you can take a look at this for more info if that helps #🎮〕illuvium-zero message

you're not competing with anyone actually. you're just playing a game, making fuel tokens swapping them for ETH at the balancer an taking you're a share of the 5%

The 5% is only based on in game purchases that are made using the FUEL token specifically nothing else.

Kieran confirmed that here #809220563397902346 message

[atomic zealot]

The price of fuel doesn't matter as much the rev dis for land owners if it's 5% it doesn't matter if your land can almost produce 1 unit or 5 units...all that means that 1 unit will be more expensive and probably last longer.

[analog inlet]

again you are simply producing fuel to swap tothe balance for ETH.

[barren spruce]

Is there such a project in the crypto world where your ROI is guaranteed in anyway shape or form ? Ppl keep saying it’s a big risk etc. but everywhere I go every project I’ve seen, they all involved some risks

[queen nest]

Not that I know of. I know of 1 project where you can get a refund for your nft purchase within 60 days i belive, but not ROI guarantee.

I dont see how that could work to be honest. Thats a deadly statement to make lol

[atomic zealot]

But some make sense and other don't make sense and this one is making less and less sense.

[barren spruce]

Indeed, so why are ppl coming here complaining about something that nobody has no idea about AND should’ve known first thing that in crypto world there’s no such thing, I mean even in real life investments they’re all involved some kind of risks more or less

Nobody knows if ILV will be successful or not and that’s the only thing that will dictate how beneficial lands are

It doesn’t matter what the numbers now tell you, if the game flops we all dead or if the game is a success who knows what features they’ll add to illuvium zero in the future

[atomic zealot]

Even if it's successful, land owners get only 5% which really doesn't translate to much when you do the math. I know that 5% of all in game transactions is our limit, so why put thousands of dollars to maybe earn a few hundred a year?

[hearty cradle]

Staking

[hearty cradle]

FOMO

[vivid cipher]

Smooth love potion

[solemn pebble]

What share of the 5%? Your percentage of the total fuel sold by landholders, or in the 5% of revenue from fuel holders distributed equally amount the 100k plots of land or is it relatively to the production bonuses that are meant to tell me to the production capacities. I am a big fan of Illuvium and one of the main reasons for that is the transparency but this whole thing around the land is starting to get annoying - you can't just sell land without actually telling people of it's specific utility is and maintain at least the spirit of transparency. This isn't having a go at you specifically, but i am astounded to get a response that the price of fuel doesn't matter, it's BS.

[hearty cradle]

5% of the total ingame fuel supply. Then You divide the 5% proportionately among the Tiers

[vivid cipher]

Some people really want to KNOW that they can grind X amount of tokens. this can and has pretty much always led to unregulated inflation of said P2E token. But what we REALLY want is a SUSTAINABLE economy. That is what REVDIS does. And that is how #🎮〕illuvium-zero fuel production works

[atomic zealot]

The price of fuel doesn't matter, it's your share of the pie that matters we can assume that say the game nets 1 billion in revenue/year you can easily do math to see how much each land of each tier will earn regardless of fuel price and it really really isn't much

[analog inlet]

First this has nothing to do with illuvium itself it's an entirely separate game called #🎮〕illuvium-zero .

[barren spruce]

Even staking included some kinda risk no?

[hearty cradle]

the token price

[atomic zealot]

You are guaranteed passive income the only risk is the coin itself.

[solemn pebble]

I am more then aware of that. What share of the 5% of the fuel sales like you mentioned in the previous comment.

[hearty cradle]

guys, do you think people who are ape ing into the otherside calculated ROI?

[barren spruce]

It’s probably the safest, anyway, that’s not the point I’m trying to make, I was talking about how a lot of ppl trying to say land prices are ridiculous etc.

[analog inlet]

again, no exact numbers are not relevant to the sale as that wont be known till the game is live

[barren spruce]

I’m a staker myself and also plan to get a land, no complain from me, only the future holds the answer

[hearty cradle]

yea land is not for everyone, so theres no point complaining or trying to rationalize things

you wont get the answer you demanded bruh

[barren spruce]

Yes and it doesn’t matter if it’s a huge success or a flop, nobody is right or correct because nobody knows what’s gonna happen

[hearty cradle]

all you need to do is either click buy now, or just watch people brag about it

welcome to the space

[solemn pebble]

It is relevant because people are going to be buying the land before the games start, I am trying to figure out details for myself/everyone to get the best information to make the best decisions regarding the land sale.

[hearty cradle]

have you watched scoriox video? A bit optimistic for my taste, but its something

[vivid cipher]

The middle/base value of fuel tokens doesn’t matter in the same ways that the value of revdis that each staked ILV will receive has nothing to do with the value of ILV token. (Such bad English. I’m sorry)

[analog inlet]

don't know what else to tell you. Have A Good Night

[hearty cradle]

revdis is actually relevant to $ILV price imo

[vivid cipher]

It impacts how many tokens you receive. But not how much value is distributed.

[atomic zealot]

I mean it doesn't really make financial sense to buy land as is right now, the ROI is really small. You're better off just playing the main game and buy fuel. I really hope people don't just degen into land, because it promotes deals like this that don't make sense

[hearty cradle]

im not sure what you mean by that, but when the yf is over, im going to price in revdis for $ILV

[solemn pebble]

I dont know if you have bothered to do any actual research on illuvium, but to me it seems to best project by a long margin and one of the only i have come across that has bothered to put any thought in to building in mechanisms to increase the value for token holders. This isn't a loosey goosey project, hence why i a trying to figure out more specific details regarding the land, generally they have ideas or predetermined mechanisms to put into an IIP

[atomic zealot]

HC, you won't get fuel prices which doesn't matter it's the 5% that matters and is a red flag at the moment. Seems like the company is trying to just get cash.

[vivid cipher]

If there’s $10,000,000 eth spent on fuel then About 5% goes to the land producers. That about $500,000 goes to land producers in the form of X amount of fuel tokens they produced. The $9.5m of It goes to ILV stakers in the form of Z amount of ILV tokens.

[analog inlet]

@solemn pebble IIP has already past council vote #📰〕governance-news message its done

[barren spruce]

I’ve been a long time believer of ILV, maybe too much for my own good 🤣

[analog inlet]

you do know that 100% of every single 1$ of revenue goes back to the stakers (5% of fuel sales goes land, )right? there is no "company" this is a DAO

[barren spruce]

Reminded me of Nikkedemus msg last night, so much wrong info

[atomic zealot]

95% goes to the stakers yes which the company has a large portion of so they are making money of that and the land sale money.

[solemn pebble]

There are more then 1 pieces of land so broadly the 5% of fuel sales for the land matter, but as a holder of ten T1's or one T4 land what will be the proportion of the 5% of fuel sales that i will be likly to receive based on the land i own.

[atomic zealot]

You can do the math based on how many fuel sites and what boost each land gets. I did the math (which I need to adjust) and its not much tbh

[solemn pebble]

I know that it has passed, I have also read it something like six times and i am still unclear on most of the mechanisms that i am asking about in this chat - kind of the reason i am asking more questions to clarify...

[analog inlet]

you refuse to understand your answers don't exsit.. anyways ..again have a good night.

[solemn pebble]

So the expected revenue is inline with the production capacity boost outlined it IIP?

[analog inlet]

https://tenor.com/view/facepalm-really-stressed-mad-angry-gif-16109475

[south belfry]

People are gonna get rekt lol and solar is wrong you are competing against people to get blueprints first so you can make as much off it before other people get the same one

[atomic zealot]

That's what I tried to calculate yes. I think all T1 gets 20% of the 5% then divide that by the number of T1s and you should have a number/year

[hearty cradle]

20% to treasury
15% to founder

[analog inlet]

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

[vivid cipher]

It’s not a company. It’s the DAO treasury that gets the TREASURY revdis. And the team members get their personal cut as well.

[atomic zealot]

That's what I tried to calculate yes. I think all T1 gets 20% of the 5% then divide that by the number of T1s and you should have a number/year

[barren spruce]

https://tenor.com/view/joker-and-here-we-go-here-it-goes-gif-15244908

[hearty cradle]

ive been asking for the detail mechanism for weeks

[atomic zealot]

Exactly

[hearty cradle]

yes
the price / potential production
is pretty linear

[solemn pebble]

I got multiple responses that the price of fuel wasn't relevant, I put forward why i think it is relevant, If the answers don't exist then ok, but it's probably better not to say it's not relevant when the actual facts are that there isn't an answer. Thanks for your time anyway and enjoy your evening.

[hearty cradle]

the treasury is the Illuvium Labs stake

[atomic zealot]

It isn't, I tried explaining why it isn't relevant but ok. If you have questions about the math I'll be happy to answer on a dm

[vivid cipher]

I really don’t think anyone is employed by illuvium labs. It’s just a a legal shell to protect the IP. The DAO is the employer.

[hearty cradle]

the wallet needs to be owned by some party

who has the seed to the treasury?

[vivid cipher]

Yeah. It’s multisig by the eDAO I believe. Or a different ?DAO.

There’s a few different signing groups for a few different things.

[hearty cradle]

i think you are better off to do the followings:

estimate how much revenue is generated by the game

For example, $100m / month
that means $5m / month goes to the landowners

Now does $100m make sense to you?
Only you can answer that

[vivid cipher]

The treasury is a sub contract I believe. I’m not exactly sure. We could continue this in another channel I’d say

[hearty cradle]

Whose sigs? The co founders?

[barren spruce]

Something as important as that I’d put it in Dr.Strange’s hands

[hearty cradle]

Lol, yea he did a terrific job breaking the multiverse

[south belfry]

Land owners are probably going to get way less too because people will be playing for free with silv so no rev dis from that

Unless there’s people actually buying fuel with eth what is there really available to sell for?

Does the dao just eat the cost of the fuel that’s sold to it from land?

[vivid cipher]

No. They only have either Kieran or Aaron as as 1 of the 7 signers I think on these things. I’ll look up some of it. They’ve shared some names

[hearty cradle]

yea i forgot that people will just use silv2 to travel and do stuff

[south belfry]

I just remembered that and now it’s pretty unsettling

[hearty cradle]

https://tenor.com/view/for-those-reasons-im-out-shark-tank-mark-cuban-gif-16319251

[vivid cipher]

#💬〕general message

I also saw something about a pDAO. So that’s at least three different multisigs. Still searching for the names

[hearty cradle]

thx bruh

[south belfry]

And if silv is always at a discount you can play twice as long depending on the difference for the same amount of eth

And none of it will ever see the dao lol

[hearty cradle]

its gonna be always

until it's all burnt out

[south belfry]

Which can take years

5+ depending on how many players and cost of doing stuff in game

[hearty cradle]

the yield farm ends in 2024

[vivid cipher]

Oh. It’s 5 signers I guess. #💬〕general message
The signers have changed and grown as the team has I believe. Not really privy to that though.

[south belfry]

The silv will still be there though

[hearty cradle]

some people are supporting silv2 for revdis

I guess revdis bro vs landowner is an eternal battle

[south belfry]

No one’s gonna make anything really until all the silv is gone lol

[hearty cradle]

farken silv2

[vivid cipher]

That won’t be passed. eDAO would squash that crap

[hearty cradle]

i thought it was quite popular?

[vivid cipher]

Actually I miss read what you said. Someone once asked when we will be able to stake silv2 for revdis and said there was support for that.

[vivid cipher]

This is the dumbest

[hearty cradle]

it's claiming silv2 from revdis

[vivid cipher]

Yeah I know. My bad. THAT is something that will be brought up I guess.

But it’s one of the things that isn’t very wise in my opinion

[hearty cradle]

yea i dnt think so

[vivid cipher]

It’s valuable in that it can reduce gas fees for staked players. But there are other ways of doing that once v3 staking rolls out. So maybe it’s only a short term possibility

[slim wigeon]

Don't really agree as this can always be changed back. It will lead to generate a bit less income for the DAO but with the amount of tokens coming into free circulation people should at least have a possibility to take RD as silv2 to decrease the total amount of tokens in free circulation. Even if many would never do that I think there will be people who will do it. Don't see why this should be a problem?

Also there will be many more people than you think to invest like everything they have to catch many or even all illuvials. These people will instantly use their RD anyway to buy fuel to be able to play non stop.

[hearty cradle]

i dnt think people will claim revdis in sILV2 with the current market price of sILV2. Revdis in ILV can be withdrawn immediately

[slim wigeon]

You are right if there will still be a price gap this will not be the case.
But interest rate is going down quickly so let's see how much of a discount silv2 will be in one year.

[fickle bane]

gm

[tall bear]

Quick question, when buying land I believe we will only know the zone and the size of the plot, what advantage/disadvantage has any zone over another one (other than the illuvials passing by influencing the bp) ?

Have I missed any info on the different zones ?

[hearty cradle]

none

[tall bear]

Will there ever be in the future ?

[hearty cradle]

only the dev knows that

[humble lichen]

*Will there be a future?

[slim wigeon]

As I understood there are some other benefits too for production and later they implement more I remember this from a older podcast so could already be changed. I am quite sure we will not be getting any updates about this before the land sale to increase RNG @amber atlas

[humble lichen]

I think the best approach to the landsale is "fuck it we ball"

[fallow yacht]

🤝

[quick elm]

So bored of being poor. Fucking hurry up team.

[empty path]

Thanks for this comment, thanks to this, the team is going to release the game 1 week faster.

[quick elm]

Phew

[fallow yacht]

I am also not having fun being poor

[slim wigeon]

I think as long as we are healthy we are rich What you mean comes from hard or smart work 😜

[quick elm]

I have covid @slim wigeon

[empty path]

Oh no, I hope it's not too bad. Make sure you drink lots of water and get as much rest as you can!

[quick elm]

Thanks. It sucks....... Wen better?! Can't the devs do something?! @empty path

[empty path]

There is no Covid in Illuvium Zero

[quick elm]

I better buy some land then!

[slim wigeon]

oh hope all is fine and you can recover fast!

[quick elm]

Thank you. @slim wigeon

[deft dove]

can someone help me to understand why people claimed silv2 from staking reward and then sell at discounted price on dex? why not just claim ilv staking reward and sell at higher price? what did i miss?

[sly summit]

you have to wait for one year for ILV to be unlocked if you claim it

[timber sapphire]

And with silv2 you can sell it now

[faint lake]

You didn't miss anything I don't understand that myself.

[timber sapphire]

And thats why its cheaper than it should be

Its a trade off, wait 1 year for ILV, or sell now for Silv2

Some people want money quick

[faint lake]

Yep that's my guess people need some money so they will Clame silv2 and sell for cheap money..no patience me I'm stacking as much as possible for land.

[timber sapphire]

Exactly, thats a more long term strategy

[spark ruin]

hey guys, i have a question about the land, do i need to buy sILV2 and if yes where or can i buy ILV on binance and it works the same?

[hearty cradle]

No

[little moon]

$tip @empty path 0.0001 ILV

[fleet tapir]

@little moon sent @empty path 0.000100 ILV (≈ $0.04).

[empty path]

👀

[little moon]

maybe it give you Power for answer all questions, i hope so

[empty path]

Did I miss a question?

[little moon]

nooooo it`s the kind what you have to read

[spark ruin]

what do you mean by no?

[hearty cradle]

means you dont have to buy silv2 to buy land

[deft dove]

i see.. didn't know u can claim silv2 before staking period ends

[spark ruin]

can i buy it with ILV? how does the price difference works because ILV is double the price of silv2

[timber sapphire]

You can buy it with silv2 or eth. Silv2 is relative cheaper now because during landsale it will have the same buyingpower as the ilv price

You cannot buy it with ilv, ilv is only for staking and governance

[sudden olive]

Buy silv2 on dextools

[spark ruin]

so if i buy silv2 right now i will be saving half the money?

[timber sapphire]

Depends on ILV price at the time of the landsale, but its probably less yeah

[spark ruin]

yeah, i dont think ILV will go down 200 euros until the land sale, so the best place to buy it is on dextools?

[timber sapphire]

Uniswap is another one i think

[spark ruin]

and then i can transfer it to metamask and connect the wallet to my illuvium acount right?

[simple juniper]

I would suggest uniswap for it is the main exchange

[faint lake]

Anyone got any information on the land marks ?

[spark ruin]

thanks, how exactly does uniswap works? its very diferent from binance

[timber sapphire]

You can log in with your metamask on uniswap i think so its directly there

[simple juniper]

You connect your wallet to it and choose which tokens you would like to swap and just swap them

[spark ruin]

so i have to have ETH on metamask first

[simple juniper]

Yes put it in your metamask then swap for Silv2 look for the contract in #🔗〕helpful-links

[slim wigeon]

best way will be to buy silv2 on Uniswap. You can also buy with ETH but you will get much more buying power with silv2 as you get it with a reduced price and silv2=ILV 🙂

Oh sorry just see that Nixatar already helped out

[simple juniper]

No you good thanks for elaborating More boss

[spark ruin]

for what i understand if for example the land cost 1 ETH i can buy the land with 1 ETH worth of SILV2 and SILV2 will have the same value as ILV have so if i buy right now i can save allmost half the money

[simple juniper]

This is correct yes. It’s a discount

[slim wigeon]

yes even more than half price of silv2 it's 181.25 USD and ILV 495 USD

[spark ruin]

and then if i end up not buying the land i can swap back to ETH right?

[slim wigeon]

yes you can swap back or use it for the game later what you want

[spark ruin]

oh so silv2 i also use in the base game? i was thinking that for that we would be using ILV

[slim wigeon]

No ILV is only Governance

In the base game you use fuel and instead of fuel you can use silv2

[timber sapphire]

And ILV also for staking now

[slim wigeon]

yes right

[spark ruin]

i see, also can you explain what illuvitars are?

[simple juniper]

Illuvials are the creatures you will be battling with and capturing in game. Illuvitars are the PFP that you will be able to attach in game

[spark ruin]

those are the "pokemons", i see

now it makes sense

[simple juniper]

Yes essentially the Pokémon’s

[spark ruin]

will they announce a date like, "if you buy silv2 until day x it will have the ILV value for the land sale"

[simple juniper]

SILV2 will always have the price of ILV. Even after the release of the game people will be able to purchase Silv2 off of uniswap and use it in game. Silv2 can also be used to purchase certain things in game like traveling to different regions. But eventually that price of Silv2 will reach the price of ILV On uniswap because everyone will want to use it as long as it can be bought cheaper

[spark ruin]

oh i see, so they will not force the price to be equal but the value yes, so maybe i will wait some days since the market is going down right now

[simple juniper]

The price of Silv2 on unswiap could increase or decrease in the next coming days we do not know yet

[latent kiln]

what you mean "reduced price" ?

[hearty cradle]

arbitrage

[simple juniper]

he is saying since you are able to buy Silv2 at 185$ right now and you will be able to buy land with that Silv2 at the same price as ILV around 500$ atm it is basically a discount

[latent kiln]

ahhh thanks, i should swap my ilv to silv i guess

I have 0.7 ilv i have a chance to own a land? with that amount

[hearty cradle]

No way

[simple juniper]

#🎮〕illuvium-zero message check this discord mesage out maybe it will help. give you a rough estimate of what you need

[latent kiln]

thanks Nixatar, very kind from you

[simple juniper]

anytime of course goodluck

[latent kiln]

do we know when the drop will be?

[simple juniper]

im not sure i understand the question. Do you mean the land sale?

[slim wigeon]

always so rough be kind 😜

[latent kiln]

yep, wen land sale xD

[simple juniper]

haha no specific date yet but soon because the Price IIP is soon to be accepted

[spark ruin]

will all the different tiers be sold at the same time?

[simple juniper]

#📰〕governance-news message read through this proposal it will explain it

[timber sapphire]

Arent the illivials the "pokemon" illuvitars are only pfp right?

[simple juniper]

oh shoot sorry i had read that completely wrong yes

[timber sapphire]

No problem, they have too similar names imo too

[spark ruin]

what are pfp?

[slim wigeon]

the aim would be for you to get ca. 1-1.5 eth ready in silv2 for a T1 (2500-4200 USD), only an estimation maybe it's a bit lower or higher market will find it's price.

[simple juniper]

Profile Picture. So they do not give any advantage in game. Just the icon people will be on your character

[spark ruin]

like to use on twitter?

[simple juniper]

sure or any social media

[latent kiln]

yes, i think i ngmi 😦

[agile sigil]

Prediction how many sILV2 whould need for tier 2?

[simple juniper]

#📰〕governance-news message check this is graph back by @dusty cobalt should help

[latent kiln]

need to sale 3 or 4 pieces of my art to get that much, but if the price goes down enough maybe i can get one. but doesn't look like a big chance xD

[hearty cradle]

NFT?

[slim wigeon]

anyway the return will not be so high for the beginning with your ILV you will still make some return every month 🙂

[latent kiln]

yeap, i'm talking of my collections in fnd / zora

[spark ruin]

do we have any info about the return?

[slim wigeon]

only very rough estimations, but it's sait to be ca. 5 % of the total revenue

[latent kiln]

yes, i'm just thinking if have sense change ilv for silv or nope

either way i want the land because i love this project, not that much from the revenue

[slim wigeon]

could make sense to speculate on higher silv2 prices in May when there is a land sale but again only speculation

[latent kiln]

very thanks for the help fam

is good that we have this lovely community around the project

[simple juniper]

Its because we all truly believe and want to be apart of the success of this project

[waxen vector]

Is the HOLORAPHIC STATUE just a decoration in the land?

[simple juniper]

Holographic looks can be found on some illucials that people catch. Like a shiny in Pokémon

[vivid cipher]

The statue is a decoration.

#🎮〕illuvium-zero message

[waxen vector]

Thanks 👍

[worthy granite]

When is land sale?

[vivid cipher]

No date has been set. The contract audits for the sale are scheduled to be done by mid May or sooner.

[waxen vector]

For the fuel converters (L-CRYPTON COLLIDER / HYPERION LATHE / ANTI-SOLON INVERTER), I wonder if we lose some resource. Wich equation would be correct?
1x FuelA -> 1x FuelB
OR
1x FuelA -> K× FuelB where K<1

[spark ruin]

is there any calculation about what each tier of land will possibly give vs at what price each tier would be more worth to buy than another?

[hearty cradle]

the tiers are pretty linear
T2 = 3 x T1
T3 = 3.3 x T2

[spark ruin]

how do you know that?

[vivid cipher]

He reads the pinned comments

He chats in here with the developers

[tawdry plank]

1x FuelA -> K× FuelB where K<1

maybe K = 0.95 or so

[hearty cradle]

Yea, probably less

[rain skiff]

Most of SILV2 will be used for land sales and illuvitars.

[south belfry]

Considering all the land won’t come for probably 5 years according to their ideas there’s gonna be silv for a while it’s not all just gonna disappear after this people can claim more

[empty path]

Where did you get this 5 year time frame? I never heard this before

[south belfry]

They’ve said it multiple times lol land would be released in batches over the years up to 5

[empty path]

5 different sales does not mean 5 years

[rain skiff]

last time i heard was 2-3 years but i can be wrong

[spark ruin]

will i be able to move fuel from my land directly to my player in the base game and use it or do i have to self it and then buy it

[south belfry]

Sorry 3 years

But it still doesn’t mean all of silv will be gone

3 years might as well be 5 in the crypto world

[floral locust]

There will eventually be a button for this that sells into the balancer pool and gives it to your account in the main game

[vivid cipher]

https://tenor.com/view/sister-love-owned-damm-slap-gif-21600969

[plucky eagle]

the pinned illuvium zero spreadsheet doesn't make sense with the current price of sILV

[simple juniper]

The buying power of Silv for the land sale will be pegged to ILV

[plucky eagle]

Thank you

[ancient ravine]

guys in the Spreadsheet - RevDis Simulation, does the revdis represent the amount of $ we get per 1 ILV spent on our Land or in game?

[south belfry]

Since we’re on the topic, do in app purchases count as rev dis

[lofty bramble]

Yes

[tawdry plank]

I sure hope so

[ancient ravine]

guys in the Spreadsheet - RevDis Simulation, does the revdis represent the amount of $ we get per 1 ILV spent on our Land or in game?

[tawdry plank]

revdis simulation from land sale. Amount of $ per 1 ILV staked.

[candid cairn]

will we be able to use sILV2 for land purchase?

[ancient ravine]

@candid cairn yes

[candid cairn]

will it be pegged to sILV2 = ILV price

[tawdry plank]

it sure will

[ancient ravine]

there is a google spreadsheet which u can use

[candid cairn]

yes, I am looking at it, just want to be sure that I am understanding it correctly, and that we have opportunity to buy land cheaper, if we buy now sILV2

amt, for 2 ETH I can buy sILV2 to by 3 Tier1 lands of the bat 😃
or 1 only if I use ETH in the auction

[tawdry plank]

it doesn't make much sense to buy land with eth

exactly what I did

[candid cairn]

that is how I understand it

[ancient ravine]

i'll just delete this now

[candid cairn]

curious, why?

[ancient ravine]

afraid the devs are going to do something against this to be fair..

[tawdry plank]

sILV rn doesn't have any use and it's an instant liquidity for stakers. Hence heavy discount

[candid cairn]

will sILV2 from the land auction be used in revdis? or only ETH?

[tawdry plank]

no, will be burn

[candid cairn]

make sense

is there sILV and sILV2, or when people type sILV they refer to sILV2?

[tawdry plank]

yes, they mean sILV2. sILV is dead

[candid cairn]

got it, thank you!

one more thing
do you know will we get more info from the team about the land fuel revenue
I see that we have big discussion here about it, and that people are predicting that it will be low

and will the blueprints really be so profitable?
I kind of don't care about them, since they are not bringing any stats improvements
just your thoughts about it
I appreciate it

[little moon]

It’s tough to predict since the revenue from fuel is based on the revenue from the main game. I wouldn’t expect it to be super profitable unless you manage to buy a T4 land near the bottom of the price range.

Blueprints could be worth a bit I think. They will have different rarity so it’s partly luck if you get a rare one before others do but skins are worth a lot in other games so I think they could be worth quite a bit in Illuvium too.

[tawdry plank]

I think, blueprints will be main profit maker. But we wont know till game is out. We know exactly how much fuel revenue we'll get - 5% of in game sales. Just count active players x average spend x 0.05 / land plots

probably not too much

[lofty cape]

you also have to take into account the future value or updates they could possibility due to the land and things they could add

In the future with updates and adding more blueprints etc could increase the value

Once we have a date they said they will let us know all the details of the land so do your research and see what the land is selling for

[candid cairn]

👍 🙏

[lofty cape]

Blueprints also have three tiers were you have to find one to unlock two and then three... being early to unlock them could have a HUGE value for players that P2W

I have seen players drop $15,000 on a avatar frame lol

[candid cairn]

I would consider that more as an exception and would not base my profit calculations based on that
but, you never know

imho, why I don't see them as a valuable so much, because when is a fight, you can't see almost anything, and not to mention does the Illuviatar have glasses or not 😃
so, not sure when the players will have the opportunity for flexing, besides on own dashboard
but, I am new in here, and still learning, so, maybe I am missing something

[lofty cape]

honestly there is zero concrete info to the value or ROI of the land it's impossible to tell

you might drop $150k on T4 land and never see the return 🙂 Or could see it in 6 months

and who knows what the secondary market will look like for land sale and resale values, this is only 20k of 100k plots

[potent dock]

There's fairly well defined structure to how ROI will look, but you're right, there's a lot of variables we don't know yet (and quite a few of those we can't really know until launch). Blueprints and player numbers are something that can be loosely speculated on at best right now.

[lofty cape]

If we have 1 million or 10 million players it will be wildly different 🙂

[candid cairn]

I believe that they will not allow wasted investment for land owners

[lofty cape]

also the frequency of blueprint discovery will have an effect if they are rare or just flood the market its all up in the air

[candid cairn]

For p2e games, to have lots of players, it should be profitable to play it, imho

[lofty cape]

I agree if it is far to low and players are upset with the land I would be shocked if they did not update it or change things

same with RevDis they need to prove it works and to what level to show it can work

[void raft]

and what about the fuel? do we know anything about the price? and how much land will be able to generate? or how much fuel will a player need to travel?

[potent dock]

Regardless of the price of an individual unit of Fuel, we know land will account for 5% of fuel revenue.

We don't know the fuel per travel, or the price per fuel, but those things kind of don't matter, since however it gets tuned, all land will cumulatively produce 5% of Fuel.

What likely matters more is which Fuel types are used for what purpose (some might be higher demand).

[void raft]

imo it matters, I would like to know if I buy a T1 land then how much revenue can I generate when producing fuel and selling it to other players

Until I know this I wont spend thousands of dollars to buy a land

[potent dock]

You can figure out the proportion of fuel (and thus revenue) a T1 land will produce, but we still won't know the dollar value of Fuel revenue until the game is live. It will fluctuate with the number of players.

I'd suggest waiting for a future land sale if you need to see concrete revenue numbers before buying a plot. Anything pre-release is going to be speculative.

[void raft]

Yeah, we will see 🙂 maybe Andrew has some nice material prepared about fuel 🙂

[paper flame]

That why I'm buying first sale. People don't know how big this project is going to be yet. Faith

[lofty cape]

I am curious also if they are going to keep the land values for all future sales the same

If the game is HUGE and land is killing it will it be the same price

[potent dock]

After this sale, it makes sense that the market will price land.

As an example - In the second land sale, it's highly unlikely someone would be willing to pay substantially MORE than the secondary market price for a given plot at a given tier. Each plot is unique (so there's a possibility of more desirable combinations of elements/fuel), so there's probably some premium to be paid over the floor for a randomized fresh plot. Assuming the floor are the plots with the least desirable characteristics.

[arctic garnet]

Two questions about the land sale:

• the dutch auction won't have reimbursement for the difference from buy and eventual floor right?
• the IIP said nothing about the feature of merging adjacent lands, is that still something to consider or it was fully dropped?

[shell rose]

1. Correct. 2. No news, maybe it’s a future feature just like mega cities.

[obsidian bronze]

Does anyone know what sort of transactions will be involved with the gameplay? Just wondering as I've played a few games where transaction fees associated with playing were fairly substantial and really cut into profits.