What is Illuvium - $ILV ?
Source: Illuvium.io
Hey crypto fans,
Do you know what Illuvium is? Illuvium emerges as a groundbreaking web-3 game, blending strategy, adventure, and blockchain technology. It introduces players to a vast, beautifully crafted world where they can collect, battle, and trade powerful creatures known as Illuvials. With its play-to-earn model, Illuvium rewards players in $ILV tokens, offering both entertainment and economic incentives. The game's integration with the Klever Wallet enhances accessibility and security for managing digital assets, accessing Illuvium ecosystem and setting a new standard for blockchain gaming experiences.
Understanding Illuvium
Source: Illuvium.io
Founded in 2020 by Aaron, Grant, and Kieran Warwick, Illuvium is a leading Ethereum-based collectible RPG and Autobattler Game that has quickly risen to prominence in the blockchain gaming industry. Set within a richly designed universe, it seamlessly integrates strategy, exploration, and combat, allowing players to collect and trade NFT-based creatures.
Based in the Asia-Pacific (APAC) and Australasia region, Illuvium empowers its community with true ownership of in-game assets, thanks to the Ethereum blockchain. This innovative model not only enhances the gaming experience by incorporating economic rewards directly into the gameplay but also grants players governance rights to shape the game's evolution. With its strategic presence on the Epic Games Store, Illuvium's accessibility is significantly broadened, reaching a wider audience and solidifying its status as a transformative force in blockchain gaming's ongoing development.
Illuvium was officially launched into public beta in the first quarter of 2022, allowing players to explore its vast universe, engage with its unique play-to-earn mechanics, and participate in the governance of its ecosystem through the Ethereum blockchain. Learn more about the game reading Illuvium's whitepaper.
For the most current updates and roadmap following the beta launch, including full game releases or additional features, please refer to the official Illuvium website or their community updates.
The Role of $ILV in Illuvium
$ILV serves as the foundational currency within Illuvium, enabling transactions such as purchasing exclusive in-game items and lands. It also grants players governance rights, allowing them to vote on crucial game developments and future updates, thus playing a crucial role in the game's ecosystem.
How to Earn and Use $ILV?
In Illuvium, players can earn $ILV by winning battles, completing quests, and achieving various in-game milestones. $ILV is utilized for in-game transactions and participating in governance. Additionally, it can be traded on cryptocurrency exchanges, providing a real-world economic value to players' in-game achievements.
Illuvium's NFT Ecosystem
Illuvium's NFT ecosystem marks a groundbreaking shift in blockchain gaming by embedding Non-Fungible Tokens directly into its core. Through this innovation, players enjoy a new level of interaction and freedom with their in-game assets, which include creatures known as Illuvials, parcels of land, and unique items.
These assets are securely recorded on the Ethereum blockchain, providing transparent, indisputable ownership.
Interoperability and Integration
Broad Asset Variety: Illuvium's NFTs cover a diverse array of in-game assets, all leveraging Ethereum's blockchain for undeniable ownership.
Cross-Platform Use: These NFTs can interact within the Ethereum ecosystem, allowing assets to move between different games and platforms that recognize ERC-721 and ERC-1155 standards
Ownership and Tradeability
Real Ownership: Players have real control over their assets, capable of trading, selling, or using them across various platforms. To make sure your assets are truly yours, always secure them with a trusted crypto wallet.
Market Participation: Assets can be traded on NFT marketplaces, offering players the chance to gain from their in-game achievements.
Economic Influence: Players contribute to the game's economy, influencing the value and scarcity of assets through their actions.
Benefits for Players
Economic Opportunities: The ability to monetize gaming skills and achievements opens up real-world economic prospects for players.
Strategic Depth: Ownership and tradeability introduce a strategic layer to gameplay, encouraging thoughtful asset management.
Community Engagement: By owning NFTs, players actively shape Illuvium's community and its future, engaging in governance and community-driven initiatives.
This approach transforms the gaming experience by integrating economic incentives and strategic depth empowering players to take an active role in the game’s ecosystem and wider blockchain community.
Illuvium's use of NFTs is a leap forward, offering players unparalleled control and opportunities in the web-3 gaming ecosystem.
Illuvium (ILV) Tokenomics
Illuvium (ILV) stands out in the blockchain gaming ecosystem with its sophisticated tokenomics model designed to ensure long-term value and utility within its expansive open-world RPG.
Here's an in-depth look at the key elements of Illuvium's tokenomics:
1. Overview
Token Symbol: ILV
Blockchain: Ethereum
Token Type: ERC-20
Utility: Governance, rewards, in-game transactions.
2. Allocation and Supply
Total Supply: 7,000,000 ILV
Circulating Supply: 3,767,377 ILV (as of the latest update)
The supply is allocated across various segments, including development, community rewards, staking, and the team.
3. Utility and Rewards
In-Game Use: ILV tokens are used for various in-game activities, including purchasing items, creatures, and lands. Players can earn ILV through gameplay achievements, contributing to the Illuvium ecosystem.
Staking: ILV holders can stake their tokens to earn a share of the game's revenue. Staking rewards are distributed in ILV, incentivizing long-term holding and participation in the ecosystem's growth.
Governance: ILV grants holders governance rights, allowing them to vote on key decisions affecting the game's development and future direction.
4. Economic Model
Deflationary Mechanisms: Illuvium incorporates deflationary mechanisms, such as burning a portion of the tokens from transaction fees, to reduce the overall supply over time, potentially increasing the token's value.
Revenue Sharing: A unique aspect of Illuvium's tokenomics is its revenue-sharing model. A portion of the game's revenue is distributed back to the staking pool, rewarding active participants and stakeholders.
5. Market Performance
Current Price: $112.99
Market Cap: $425,691,828
24h Volume: $43,985,044
All-time High: $2,868.95
All-time Low: $29.77
Illuvium's tokenomics are designed to balance between incentivizing gameplay, participation, and investment in the ecosystem. By integrating utility, rewards, and a deflationary supply model, ILV aims to maintain its value and appeal to both gamers and investors within the blockchain space.
$ILV Now Available on Klever Wallet!
Klever Wallet now supports $ILV, the native token of Illuvium, offering functionalities such as storing, sending, receiving and buying $ILV, with unparalleled ease and security. This development is a boon for both gamers and investors within the Illuvium ecosystem.
Elevate your Illuvium gaming experience by connecting your Klever Wallet to the game through the Klever extension on desktop. This connection enriches your gaming journey beyond simplifying transactions within Illuvium. The Klever extension ensures smooth, secure, and efficient integration with the Ethereum blockchain, enhancing every aspect of your interactions.
Staking $ILV with Klever Extension
The Klever extension's integration with the Ethereum blockchain facilitates direct and hassle-free interactions within Illuvium and other Ethereum-based platforms. This means you can manage $ILV tokens effortlessly, swap pairs, stake $ILV and more, all within a secure and user-friendly environment. Stake your ILV tokens with Klever and start earning passive income!
Klever Wallet's commitment to enhancing the user experience, coupled with its advanced security features, makes managing your $ILV tokens and connecting with the Illuvium universe more accessible than ever.
Enjoy an enriched gaming experience with the peace of mind that your digital assets are well-protected.
