Illuvium (ILV) - a popular RPG open-world blockchain game, where players collect creatures, called Illuvials, associated with certain classes and affiliations.
Contents:
- What is Illuvium (ILV)?
- How does the game work?
- Uniqueness of the Illuvium (ILV) platform
- Tokenomics
What is Illuvium (ILV)?
The project's world is inhabited by creatures, known as Illuvials, which can be captured by players who are the best in combat and tend them to health. Since then, they have become a loyal part of the player's collection and can be used when fighting other adventurers as part of Illuvium's gameplay. The game - a fusion between an open world game and a PVP combat game. Players can spend time, exploring the vastness of the game world or creating their own team of powerful beasts.
The project has been in development since 2020 and is being built by a worldwide team of over 40 people, including co-founders serial entrepreneur and early crypto adopter Kieran Warwick and seasoned game designer Aaron Warwick, who are brothers. The ILV token has a number of uses in the Illuvium ecosystem. This is the primary token, used to reward players for their in-game achievements, entitles players to their stake in the Illuvium Vault and helps to participate in game governance through the Illuvium Decentralized Autonomous Organization (DAO).
How does the game work?
Although Illuvium has blockchain-based elements, it feels more like a full-fledged video game. It is accessed via a downloadable desktop app, but also has a number of DeFi-enabled apps surrounding it, including a yield farm and a decentralized exchange.
Players roam the landscape of Illuvium, fighting Illuvials and other players, participating in quests and daily challenges, and participating in its overall storyline. Throughout their journey, they collect illuvials, which have a number of characteristics that make them variable in their rarity, usefulness and desirability. These include:
| Classes | Empath, Fighter, Guardian, Rogue и Psion. |
| Elements | Air, Earth, fire, nature and water. |
Each Illuvial is represented by a unique non-fungible token (NFT) and is freely tradeable on external exchange platforms and the gas-free IlluviDEX. They can also be combined into more powerful forms and come in holographic variants, which are considerably rarer. The game will feature various sources of income. They are mainly obtained from in-game purchases of items, crafting components, cosmetics and a shard. 100% of this income is distributed as a reward to those who stake ILV tokens through the ILV buyback system.
Uniqueness of the Illuvium (ILV) platform
Unlike most other blockchain-based games, Illuvium features a fully 3D environment with over 100 unique Illuvials games, scattered across various regions. Every element of the game is designed by a world-class team of artists, ensuring it will appeal to players, accustomed to big-budget retail games.
Other than that, it boasts a number of features that help it to stand out from other blockchain-enabled games as well as from AAA games. These include:
| Although Illuvium is protected by Ethereum, it is built on Immutable X. This is a second layer solution, designed to scale applications with NFT functionality. Using the power of Immutable X, Illuvium guarantees players the ability to mint and trade their NFTs with zero gas fees and near-instantaneous completion of transactions. Players always keep their assets while using IMX. | |
| IlluviDEX | Illuvium has a built-in decentralized exchange (DEX) platform, appropriately named IlluviDEX. This can help to exchange Illuvium assets securely, including Illuvial NFTs. A 5% commission is deducted from each sale and directed towards the ILV Stakeholder Rewards Pool. |
A total of 3 million ILV - equivalent to 30% of the maximum supply (10 million) - has been allocated to the Illuvium yield farming program. They will be distributed over three years to users, contributing liquidity, and through various partner reward schemes.
Tokenomics
Since ILV and sILV – ERC-20 tokens, users moving them must pay gas fees in Ethereum. The best cryptocurrency exchanges to trade Illuvium shares:
- Binance;
- OKX;
- Bitget;
- Mandala Exchange;
- Bybit.
Enjoy a new era of NFT with Immutable X layer 2 blockchain integration. No gas fees for peer-to-peer trading with instant transactions while keeping your assets secure.