- Blockchain: Ethereum
- Game(s): Illuvium: Overworld
- Whitepaper:
$ILV is an Ethereum-based, ERC20 token used as a cryptocurrency in Illuvium, a gaming ecosystem comprising a series of separate but interconnected games (e.g. Overworld, Beyond, Zero and Arena). $ILV serves as a governance token granting decision-making power, as a DeFi investment token granting a share of revenues, and also serves indirectly as a currency in-game. $ILV cannot be earned nor traded in-game but can be purchased on crypto markets.
Maximum issuance of $ILV Tokens is 10,000,000,000.
The price of this token is subject to high volatility.
What are $ILV tokens used for?
- Governance Token: ILV token holders have the right to propose, vote, and impact the Illuvium’s universe, most notably by nominating and voting for the members of the Illuvinati Council. (+ info)
- DeFi Token: Users can stake ILV tokens and earn a share of Illuvium‘s revenue distribution, based on the lock duration, the number of tokens staked, and the specific pool in which the tokens are staked. (+ info)
- Game Currency: Users can stake ILV tokens and chose to be rewarded in sILV2 tokens (in-game currency of equal value), which can then be used (instead of ETH or Fuel) for various in-game purchases (e.g. Land, Illuvitars, Region Travel, Shard Curing, Crafting).
How to acquire $ILV tokens?
- Airdrops: $ILV may also be distributed as rewards during special in-game events, promotions, or community initiatives organized by the development team or partners.
- Staking: $ILV holders can stake their tokens to earn staking rewards in the form of additional $ILV (with associated risk of net loss if fall in token value > staking rewards during lock period).
- Community Initiatives: In some cases, $ILV can be earned by contributing to user-generated content initiatives or creating valuable content that enhances the Meme Alliance community.
- Crypto Exchanges: $ILV may be purchased on a cryptocurrency exchange and imported into the game through a player’s crypto wallet.
⚠ Disclaimer: The above information has been gathered from the coin's whitepaper and other official sources, such as social media channels. Some features may be planned, but never implemented. Web3gamer doesn't recommend buying cryptocurrencies except for gaming purposes, within your standard gaming budget, and after fully assessing and understanding the associated risks.
