Trilium, the native currency for the space mining and exploration game Alien Worlds, will be available for trading on Binance starting next week. Currently investors and gamers are staking more than $9 billion in BNB and BUSD to get their claim of TLM. Trading opens on Tuesday, April 13th at 6AM UTC.
Currently TLM, a token on the WAX blockchain, can be traded on MXC and Hoo.com. However, the project has also been bridged to Binance Smart Chain. That’s why the liquidity farming takes place right now by staking BNB and BUSD. At the moment TLM is trading at more than 7 dollars per token according to data from Coingecko.
Before the announcement of the bridge to Binance, TLM was trading for 0.07 WAXP per TLM, which is approximately $0,015. It’s safe to say that TLM is currently trading at an extreme premium. It’s within the line of expectations to see the value drop when trading goes live on Binance. It will be interesting to see where the price will settle when trading Trilium on Binance will open.
At the same time Alcor Exchange, the trading platform that supports the Wax version of the TLM token, has still postponed trading in TLM. Since the 5th of April trading has been halted, to prepare TLM for its integration into Binance Smart Chain. Perhaps we will see some interesting arbitrage opportunities between the two chains.
How to earn TLM?
Aside from staking BNB and BUSD right now, you could also be playing Alien Worlds. Using NFTs players can increase their mining performance, earning TLM and increasing their chance to win more NFTs. Everybody can start mining for free, as you will receive an avatar and a shovel. However, you’d maximize your chances by acquiring items like a power drill, barrel digger or explosives to increase your yield.
Landowners get a commission on all the mining activity happening on their land. The standard rate is set to 20 percent, but some landowners are already lowering their rate to 10 percent. Owning land therefore provides passive income that fluctuates based on player activity.
There are different planets with different surfaces, and by mining players can discover Trilium (TLM). First players need to select a planet, and then the location where they want to mine. Last year we wrote an extensive guide about mining TLM. It’s a bit outdated in terms of NFT drop chances and TLM yield, however, the principles still apply.
What is Alien Worlds?
Alien Worlds is an exploration and mining game in which players can own land, use tools and weapons, customize their avatars, own rare artifacts and have minions to use in battles. The game world offers a full economy where players battle for resources and value.
Players in this game world earn Trilium (TLM). This is a cryptocurrency token that bridges the Wax and Ethereum blockchain, allowing the economies of both chains to merge into one. Players earn TLM through mining, and can spend the tokens on betters tools and weapons. Landowners can also airdrop their own custom NFTs to players.
Once you own quite some TLM, you can stake this on a planet and vote in planetary decisions through their decentralized autonomous organization, or DAO. Players and planets all battle for TLM, resulting in competition and collaboration on different fronts.
Ultimately Alien Worlds needs to become a 3D game where avatars roam planets using tools to mine Trilium. Through terraforming, players should even be able to create events and parties on their own lands. There’s also a PVP element to the game, titled the Thunderdome.
Robert Hoogendoorn is a gamer and blockchain enthusiast. He got in touch with crypto in 2014, but the fire really lit in 2017. Professionally he’s a content optimization expert and worked for press agencies and video production companies, always with a focus on the video games & tech industry. He’s a content manager and creator at heart, working on Play to Earn Online Magazine. He’s also Head of Content for DappRadar.