Illuvium (ILV) is an Ethereum blockchain-based gaming platform that combines non-fungible tokens (NFTs) with decentralized finance (DeFi) to create a new type of gaming experience. The ILV token is the native cryptocurrency of the platform, used for governance, staking, and as a medium of exchange within the ecosystem.
The game is set in a fantasy world where players can battle and capture creatures known as Illuvials. Each Illuvial is unique and represented as an NFT, which can be traded or used in the game to earn rewards. The gameplay involves exploring the world, battling other players, and completing quests to earn rewards in ILV tokens.
Illuvium Features and Updates
Here are some of its features and updates:
Creatures: Illuvium features over 100 unique creatures that players can collect, evolve and battle with. Each creature has its own abilities, stats, and rarity levels.
Gameplay: The game is set in a 3D world, where players can explore different environments, fight against other players or NPCs, and collect resources.
NFTs: All creatures in Illuvium are non-fungible tokens (NFTs) that can be bought, sold, and traded on the blockchain. This means that players have ownership and control over their creatures and can potentially earn real-world value by selling them.
Rewards: Players can earn rewards like Illuvial Tokens (ILV) by completing quests, battling other players, and staking their NFTs. ILV can be used to buy and upgrade creatures or sold on cryptocurrency exchanges.
Partnerships: Illuvium has partnered with several blockchain projects, such as Polygon, Immutable X, and Chainlink, to improve the scalability, security, and interoperability of the platform.
What Makes Illuvium Unique?
Some of the key features that make Illuvium unique are:
Layer-2 Integration
Immutable X is a layer-2 scaling solution built on Ethereum and specifically designed to help scale applications with NFT functionality. By leveraging Immutable X’s capabilities, Illuvium can provide a seamless and cost-effective experience for players to mint, trade, and interact with NFTs.
The IlluviDEX
The IlluviDEX is a built-in decentralized exchange platform that is integrated into the Illuvium ecosystem. It allows players to exchange Illuvium assets, including Illuvial NFTs, with other players in a secure and transparent manner.
One unique feature of the IlluviDEX is that a 5% fee is deducted from each sale, which is then funneled into the rewards pool for ILV stakers. This means that players who hold and stake ILV tokens can earn rewards from trading activity on the IlluviDEX, creating an additional incentive for players to participate in the ecosystem.
Who Are The Founders of Illuvium?
Illuvium was founded by Kieran and Aaron Warwick, who are brothers from Australia. Kieran Warwick is a former professional gamer and entrepreneur with experience in blockchain and NFTs. Aaron Warwick is a software engineer with experience in developing blockchain-based applications.
How Many Illuvium Tokens Are There in Circulation?
Illuvium (ILV) has a circulating supply of 2,628,625 ILV, a total Supply of 7,658,121 ILV, and a max Supply of 10,000,000 ILV.
Where Can You Buy Illuvium Tokens?
Illuvium is available on various exchanges like:
FAQ
Is Illuvium a good cryptocurrency?
Gaming crypto projects are one of the most durable and promising projects in the crypto space. According to analysts, it’s projected that ILV will reach 307.16 by 2026
