1/20
@illuviumio land sale is approaching. How you could make the sILV2 trade, a thread 🧵
@illuviumio land sale is approaching. How you could make the sILV2 trade, a thread 🧵
2/20
First, what is Illuvium: a game studio with 200+ ppl (goal of reaching 1000 ppl in 2 years). Led by @KieranWarwick, the brother of @synthetix_io @kaiynne
This is the first AAA game studio in crypto. I recommend listening to Kieran interviews on Youtube, you’ll be sold.
First, what is Illuvium: a game studio with 200+ ppl (goal of reaching 1000 ppl in 2 years). Led by @KieranWarwick, the brother of @synthetix_io @kaiynne
This is the first AAA game studio in crypto. I recommend listening to Kieran interviews on Youtube, you’ll be sold.
3/20
They are currently developing the Illuvium game, consisting of the Overworld (amazing fantasy world where you can run around catching illuvials), Illuvium Arena (where you can fight Illuvials) and Illuvium Zero (mobile game managing Illuvium land).
They are currently developing the Illuvium game, consisting of the Overworld (amazing fantasy world where you can run around catching illuvials), Illuvium Arena (where you can fight Illuvials) and Illuvium Zero (mobile game managing Illuvium land).
4/20
Alpha for investors: 100% of revenue goes back to holders of ILV and land. Yes, 100%. Of these games and future games as well.
Name one company where 100% of profit consistently goes back to shareholders?
Alpha for investors: 100% of revenue goes back to holders of ILV and land. Yes, 100%. Of these games and future games as well.
Name one company where 100% of profit consistently goes back to shareholders?
5/20
Second, what is land? Illuvium zero is a mobile game you can play for free. You will manage a land, build up your base with buildings etc.
You can also purchase land NFTs. Now it’s not only about playing the game, it’s a business as well.
Second, what is land? Illuvium zero is a mobile game you can play for free. You will manage a land, build up your base with buildings etc.
You can also purchase land NFTs. Now it’s not only about playing the game, it’s a business as well.
6/20
You main goal running that land is to produce fuel. When Overworld game is launched people are going to buy that fuel so they can transport themselves in that world.
There are also blueprints you can find and sell. Basically like finding and selling a skin for profit.
You main goal running that land is to produce fuel. When Overworld game is launched people are going to buy that fuel so they can transport themselves in that world.
There are also blueprints you can find and sell. Basically like finding and selling a skin for profit.
7/20
In the upcoming land sale June 2nd you can buy you own land (you will hold it as an NFT). When Overworld game launches this will turn into a business for you. Run you land and produce as much fuel as possible. If you don’t have time, rent your land to someone who has.
In the upcoming land sale June 2nd you can buy you own land (you will hold it as an NFT). When Overworld game launches this will turn into a business for you. Run you land and produce as much fuel as possible. If you don’t have time, rent your land to someone who has.
8/20
OK, so back to the sILV2 trade. sILV2 is meant to be an in-game currency. In game, it has the value of 1 $ILV. Outside the game, the value currently is 143 dollars compared to 283 dollars for $ILV. Why? Because when you stake ILV, you can claim it as sILV2 and sell it.
OK, so back to the sILV2 trade. sILV2 is meant to be an in-game currency. In game, it has the value of 1 $ILV. Outside the game, the value currently is 143 dollars compared to 283 dollars for $ILV. Why? Because when you stake ILV, you can claim it as sILV2 and sell it.
9/20
Price difference is mainly because of the sell pressure, people need to get their stake rewards liquid and are OK with selling those at a discount right now (most don’t sell just holding).
Price difference is mainly because of the sell pressure, people need to get their stake rewards liquid and are OK with selling those at a discount right now (most don’t sell just holding).
10/20
If you claim stake rewards in ILV, it will be locked for 12 months. So some people unlock and sell it as sILV2 at a discount to be immediately liquid. As long as there will be staking rewards, people might do this. Once inflation stops (in about 2 years) = no more sILV2.
If you claim stake rewards in ILV, it will be locked for 12 months. So some people unlock and sell it as sILV2 at a discount to be immediately liquid. As long as there will be staking rewards, people might do this. Once inflation stops (in about 2 years) = no more sILV2.
11/20
Long before that the supply of sILV2 on market could be scarce. Why? Cause people will buy up the supply and use it in game.
First opportunity is the Land Sale. You can buy land with either Eth or sILV2.
Long before that the supply of sILV2 on market could be scarce. Why? Cause people will buy up the supply and use it in game.
First opportunity is the Land Sale. You can buy land with either Eth or sILV2.
12/20
Uniformed participants might be land with eth. Informed ones will instead buy with sILV2 as they will get an discount, as sILV2 will be valued at the price of ILV in the land sale. So 150 dollars will turn to 300 dollars in the land sale.
Uniformed participants might be land with eth. Informed ones will instead buy with sILV2 as they will get an discount, as sILV2 will be valued at the price of ILV in the land sale. So 150 dollars will turn to 300 dollars in the land sale.
13/20
When sILV2 is used to buy something like land it will be burnt. Eventually the supply of sILV2 will be zero. The only in game currency will then be eth.
When sILV2 is used to buy something like land it will be burnt. Eventually the supply of sILV2 will be zero. The only in game currency will then be eth.
14/20
Next opportunity to use sILV2 is in the upcoming #Illuvitars sale. These are essentially limited edition collector’s NFTs. If the game becomes popular, this will have a lot of symbolic value.
sILV2 will also be used in-game to buy fuel, do upgrades etc.
Next opportunity to use sILV2 is in the upcoming #Illuvitars sale. These are essentially limited edition collector’s NFTs. If the game becomes popular, this will have a lot of symbolic value.
sILV2 will also be used in-game to buy fuel, do upgrades etc.
15/20
As sILV2 has the value equal to ILV in game no sane person will spend Eth to buy things in the Illuvium world until sILV2 = ILV in price. Until that point, you will always buy things at discount with sILV2
As sILV2 has the value equal to ILV in game no sane person will spend Eth to buy things in the Illuvium world until sILV2 = ILV in price. Until that point, you will always buy things at discount with sILV2
16/20
Here is where the opporunity lies: all available sILV2 supply (uniswap pool) might by sucked up already in the upcoming NFT sales for land and Illuvitars. Price will trend towards the price of 1 ILV.
If not, you know that this will be true and some point within 2 years.
Here is where the opporunity lies: all available sILV2 supply (uniswap pool) might by sucked up already in the upcoming NFT sales for land and Illuvitars. Price will trend towards the price of 1 ILV.
If not, you know that this will be true and some point within 2 years.
17/20
Price of ILV is right now $287 and sILV2 $143. This is a 100% price difference. This means that sILV2 has a 100% price increase potential in terms of ILV in the short run.
Price of ILV is right now $287 and sILV2 $143. This is a 100% price difference. This means that sILV2 has a 100% price increase potential in terms of ILV in the short run.
18/20
It also has a guaranteed 100% price potential towards ILV within 2 years. Even if you would have to wait that long, you should be in profit compared to ILV investment (you loose in staking rewards but gain in price).
It also has a guaranteed 100% price potential towards ILV within 2 years. Even if you would have to wait that long, you should be in profit compared to ILV investment (you loose in staking rewards but gain in price).
19/20
My theory is that the demand will outstrip supply long before that, becase people will need it for Land purchase, Illuvitar purchase and later in-game purchase.
My theory is that the demand will outstrip supply long before that, becase people will need it for Land purchase, Illuvitar purchase and later in-game purchase.
20/20 Will you buy sILV2?
Credits to @VetemorILV @illuvinator @kingscoriox @ILVFi_Deraji @KieranWarwick & @AwallCrypto for alpha.
Credits to @VetemorILV @illuvinator @kingscoriox @ILVFi_Deraji @KieranWarwick & @AwallCrypto for alpha.
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