Illuvium

What is Illuvium (ILV)?

Illuvium is a decentralized, open-world RPG adventure game built on the Ethereum blockchain, utilizing a play-to-earn model. Players can explore a vast virtual world where they capture creatures called Illuvials, engage in battles, and go on adventures to earn rewards. The game integrates elements of DeFi with NFTs, allowing players to trade, sell, and enhance their Illuvials.

What Problem Does Illuvium (ILV) Solve?

Illuvium addresses:

• Play-to-Earn Gaming: Offers an immersive gaming experience where players can earn real-world value.
• NFT Integration: Provides a dynamic use case for NFTs, with each Illuvial being tokenized.
• DeFi Integration: Combines DeFi with gaming, allowing players to stake ILV tokens and participate in governance.

Why Does the Crypto Market Need Illuvium (ILV)?

Illuvium benefits the crypto market by:

• Expanding the Play-to-Earn Ecosystem: Adds a high-quality, AAA gaming experience to the play-to-earn space.
• Enhancing NFT Utility: Demonstrates the utility of NFTs in interactive and evolving digital environments.
• Bridging DeFi and Gaming: Creates new opportunities for users to engage with the blockchain by combining DeFi and gaming.

History & Achievements

Illuvium was officially announced in 2020 and has since gained significant attention for its ambitious vision of creating a decentralized gaming universe. The game is still in development but has attracted considerable interest from both gamers and investors.

Who Created Illuvium (ILV)?

Illuvium was co-founded by Kieran and Aaron Warwick. Kieran has a background in finance, and Aaron is experienced in game development. The Warwick brothers are also related to Kain Warwick, the founder of Synthetix, a well-known DeFi protocol.

What Technology Does Illuvium (ILV) Use and How Does it Work?

Illuvium uses:

• Ethereum Blockchain: For secure transactions and token management.
• Immutable X: A layer-2 scaling solution that enables gas-free minting and trading of NFTs.
• Smart Contracts: To manage in-game assets, staking, and governance.

What Affects Illuvium (ILV) Price?

Factors influencing ILV price:

• Game Development Progress: Updates and releases within the Illuvium ecosystem.
• Player Activity: Growth in the number of active players and engagement within the game.
• NFT Market Trends: Demand for NFTs and their integration in the gaming sector.
• Regulatory Changes: Changes in cryptocurrency regulations and legal developments.

How Many Tokens of Illuvium (ILV) Are in Circulation?

There are approximately 6,731,145 ILV tokens in circulation out of a total supply of 9,600,798 tokens.

What is the Maximum Supply of Illuvium (ILV)?

The maximum supply of ILV tokens is capped at 9,600,798 tokens.

What is Illuvium (ILV) Utility?

ILV tokens are used for:

• Governance: Allowing token holders to vote on protocol changes and game development decisions.
• Staking: Earning rewards within the Illuvium ecosystem.
• In-Game Currency: Used to purchase and upgrade items within the game.

Tokenomics of Illuvium (ILV)

Illuvium’s tokenomics include:

• Staking and Rewards: Incentives for ILV holders who stake their tokens.
• Governance: Participation in decision-making processes within the Illuvium community.
• Supply Cap: A fixed supply of 9,600,798 tokens.

What is the All-Time High and All-Time Low for Illuvium (ILV)?

• All-Time High: $1,911.26 on November 30, 2021
• All-Time Low: $29.23 on June 22, 2021

Where to Buy Illuvium (ILV)?

ILV tokens can be purchased on major cryptocurrency exchanges, including:

• Binance
• Coinbase
• Uniswap
• KuCoin

Who Invested in Illuvium (ILV) at an Early Stage?

Illuvium has attracted investment from notable figures and firms in the blockchain space, especially those interested in the intersection of gaming and DeFi.

What Are the Revenue Streams of Illuvium (ILV)?

Illuvium’s revenue streams include:

• In-Game Purchases: Revenue from players buying in-game assets and upgrades.
• Staking Fees: Fees collected from staking ILV tokens.
• Marketplace Transactions: Earnings from trading NFTs within the Illuvium marketplace.