#Airdrop needs 1 year vesting.

1 messages · Page 1 of 1 (latest)

umbral kite
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I want to propose the idea of giving the airdrop a 1 year vesting period and let them yield revdis.
i will write my reasoning below.

First of all i think us breaking our structure of how we give out rewards is a bad thing, especialy in the most crucial period in our excistence.
Every reward we have had upto now, was prone to a 1 year vesting. Why break this now?
Since the airdrop is being payed from vested tokens, we as a community lose nothing by letting them yield revdis.
We can fully avoid every potential downside from doing a big airdrop like we are planning to do, with the systems we have used for all these years.
IMO all our systems we build to avoid any big influx are just being bypassed with these airdrop rewards not following our usual way of dealing with yield/unlocks/rewards.
Especially when these tokens are given out for free, it is key they are being used to showcase our entire structure, with this i mean vesting/revdis/governence.

i think it is key we protect our token for a potential drawdown in our most crucial phase.
IMO the time off launch and the 6 months period after the launch ( the time where we have the airdrops planned), might be very crucial for our long term survival.
Market sentiment and hype around our game launch, might become the perfect storm to reel in that 10 year runway VC/partnership we have heared Kieran talk about.
Us not using everything we can to max out our valuation, is just a missed oppertunity.
and spending 25 million without maximizing its worth is just stupid.

Upside to 1 year vesting:

  • No short term price impact (in launch phase).
  • Showcase our entire ecosystem. vesting/revdis/governence
  • Chance of sparking long term interest in our systems/future projects.
  • Token is being given to people who have a long term interest, avoid short term farmers who sell for instant profit.
  • Protecting our valuation to secure a better deal for our long term runway goals.

The only downside: we might lose short term farmers.

pastel hull
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do we have examples on other projects doing vested airdrops vs unlock airdrops? how did they do if comparable?

shadow lily
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token holders be like.

  1. nobody will farm 1 year vesting airdrop.
  2. the fud that we r going to experience for doin such bs is going to negate all the benefits from the airdrop and dig our grave.
  3. airdrop is going to affect us bad anyway, so trolling our users is not the way to go.
umbral kite
pastel hull
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Would maybe a mix work better than all unlock or all vested? @umbral kite

umbral kite
shadow lily
pastel hull
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While I want to protect my ILV, I also think all vested might deter a lot of people from playing, but I’m also not sure about this. I get your point on only wanting the long term players. But initially when I played axie I was lured by the p2e model. Then I kinda was interested about the tokenomics with real money (however horrible it turned out). But I was first there by the chance of earning money. I wasn’t able the cash in fast some money I’m not sure I would have played. In fact still remember axie being on some blogs but I completly pass on it when I saw the gameplay. Only when I saw I could earn some $$$ I was interested. I also know illuvium is different, every time I see gameplay I feel like playing.

pastel hull
umbral kite
umbral kite
shadow lily
# umbral kite i just value our token utilities, the potential revdis and governence connected ...

yes, exactly u hold ur tokens tight, but thats not what the airdrop is about. its about giving to people, literally nobody will play with 1 year vesting and the way that theyre approaching it with 6 months playing that i hear, thats gonna be the biggest fail of an airdrop. not sure if any of u follows the airdrops at all, but $BLOCK just locked up ppl for 6 months and their discord is literally full of fud, not a single good opinion. twitter is full of fud. ilv is so desperate and ilv token holders are so greedy, that there is zero chance of success in any of this.

umbral kite
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U are kinda proving my point, everyone will come to farm, collect airdrop and sell.
Just to make money with no further interest in the game whatsoever.
if this is the crowd we are after then fine, we should just dish out free token.

shadow lily
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we r releasing airdrop without play to earn system, nobody expects to retain users. its unreasonable to do so.

round burrow
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Bad idea, at this point an airdrop would be worthless. Why play a game for airdrop when it takes a year to vest? Make the airdrop uninteresting and destroys the marketing effect

umbral kite
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I guess its just the sentiment, we come to play we bloat your numbers but add 0 value long term.

shadow lily
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always has been. they just want to post some numbers.

round burrow
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You can’t have the cake (major player increase due to airdrop) and eat it too (no short term sell pressure)

umbral kite
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Ye fair, i guess its just the sad reality

round burrow
umbral kite
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Ye, imo the airdrop should kickstart a project or a tge, in our case its just dumping on long term holders.

shadow lily
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and not delievering for land holders, yes.

round burrow
floral canyon
round burrow
floral canyon
round burrow
floral canyon
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u must be new here, oh ur

round burrow
umbral kite
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The airdrop just feels like another hurdle we need to push out of the way to catch clear skies for a proper top.
But seeing sentiment on the airdrop it’s pointless to fight it.

shadow lily
remote mural
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I would not care if I received ILV tokens that needed to be vested for 12 months but would simply suggest that all the lucky people are presented with an option to take sILV2 instead so that they can spend it in Game or sell on the open market... Those looking for best investment value will take the ILV and enjoy RevDis for a full year and hold full flavoured tokens. Those looking to buy Fuel, Illuvium land or Beyond disks can do so without any penalty to the $$$ value they received. It will also help kick start the in game economy. The locusts that will participate to make a buck and to cash it out first opportunity will get sILV2 that trades at a discount but can be realised without delay... Those sILV2 will reduce the circulating supply of ILV increasing RevDis per token holder. Win-win-win.

round burrow
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I would let the people decide: take a smaller ILV airdrop right away, or lock longer (max 6 months) for more rewards (linear function)

glad bone
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I’m scared that a vesting period of 1 year might actually have such a bad effect on the token price during the bear market that it ends up hurting the web2 players in the game that stay after the bull. I can’t confirm that it would go either way but I think locking up for that amount of time hurts the new web2 players but again I could be wrong 🧐

umbral kite
shadow lily
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as ive said before, i recommend not having an airdrop, cuz itll only affect us badly.

Why?

  • no play to earn in zero yet, so theres literally no point to send ppl there at all

  • 0 players retained post airdrop, again, no point to play zero.

  • million or more bots and few thousand real players at best. highly doubt there are 100k active players in web3 that would play ilv games.

  • 200k tokens lost that could be used in MUCH better ways.

  • mass dump for the token, which would affect the price in very important time during bull.

  • low amount of airdrop per user, which as recent airdrops have shown creates huge fud.

  • adding vesting will only make things worse. imagine giving 0.1-0.2 ilv to ppl and making them wait 1 year for big portion of it.

200k arent enough for airdrop in web3, especially if the campaign is long, not worth for 20$ and the tokens will go to bots.

overall its a bad idea, average earnings if the campaign is long must be 100-200$ atleast, if we dont want the bots to bury us in fud.

500k ilv might be enough to feed the bots without fud, but still vesting will create fud, especially if its long and greedy (less than 50% instant unlock)

shadow lily
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also do not even think about 1 year vesting. few months at most. 6 is a lot. 3 max, because ure literally pushing the airdrop to be claimed during bear.

umbral kite