• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Management updates from Illuvium DAO for February 2024

Management updates from Illuvium DAO for February 2024

user avatar

by Max Nevskyi

2 years ago


In February 2024, Illuvium DAO held various governance discussions, during which two proposals were voted on, one of which was accepted. Among the topics discussed were smurf accounts, the share of landowners' revenue, necessary features for the open beta testing of Overworld, and more.

The highlights of February included discussions on smurf accounts, a proposal to improve Illuvium regarding the share of landowners' revenue (IIP), the Beyond rewards structure, as well as marketing plans and features needed for the upcoming open beta testing of Illuvium: Overworld. It is also reported that the Core Council hopes to complete capital raising to provide Illuvium with additional support.

The community council also discussed smurf accounts, as well as issues related to the Fuel Crate airdrop, open beta testing progress updates, the free version of Illuvium: Zero, and improvements to arena leaderboard rewards.

In February, two proposals were voted on: one was accepted, and the other was rejected. The accepted proposal concerned the share of landowners' revenue, IIP-45-R, which entails providing landowners with a 5% share of revenue from the Illuvium game, regardless of fuel usage. This proposal represents a revised version that precisely defines the revenue share, now including all sales of digital products in the ecosystem. Specific details of the reward distribution mechanism were also included to provide landowners with clarity on what happens when fuel is not used for income generation or when fuel has not yet been produced.

Another proposal, which was rejected with 4 votes against, concerned the rewards structure for Illuvium Beyond. The aim of this proposal was to make Beyond more accessible to newcomers by introducing 2 separate leaderboard lists: one for individual waves and another for individual sets, allowing players to choose which list they would like to participate in. The proposal also involved increasing rewards and positions in the leaderboard lists, but the Core Council ultimately rejected this proposal due to "a lack of clarity and concrete actions." Despite the rejection, the Core Council "acknowledged the merits of this proposal" and thus potentially integrates it into the upcoming IIP Wave 3 of Illuvium Beyond.

Aside from these two proposals, there are currently no other proposals being voted on as many of them are still in development, especially for Illuvium Beyond.

For more detailed information on governance discussions, please refer to the official informational bulletin.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Hyper Launches, Enhancing Bitcoin Network Efficiency

chest

Bitcoin Hyper has launched a revolutionary Layer-2 solution that integrates the Solana Virtual Machine directly into the Bitcoin network, enhancing transaction speed and reducing costs.

user avatarKenji Takahashi

Bitcoin Dips Below $87,000 Amid Late-Cycle Volatility

chest

Bitcoin's recent drop below $87,000 highlights the volatility in the cryptocurrency market, prompting traders to explore alternative investment strategies.

user avatarMaria Fernandez

Derivatives Market Stabilizes, Signaling Shift in Investor Sentiment

chest

The derivatives market is stabilizing as funding rates normalize and implied volatility decreases, signaling a shift in investor sentiment.

user avatarGustavo Mendoza

Factors Influencing ONDO Token Price Predictions

chest

A comprehensive analysis has identified several key factors that could significantly impact the price of the ONDO token in the coming years.

user avatarMiguel Rodriguez

Long-Term Vision for ONDO Token: Can It Reach $10 by 2030?

chest

The ONDO token's potential to reach $10 by 2030 depends on factors like mass adoption of tokenized assets, institutional capital inflow, and regulatory navigation.

user avatarRajesh Kumar

Gigmile Secures Seed Funding and Unveils 2025 Impact Report

chest

Gigmile has successfully closed its seed funding round in Q3 2025, a pivotal moment for the mobility financing startup operating in Nigeria and Ghana.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.