• 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

Federal Judge Dismisses Lawsuit on Crypto Crowdfunding Tool

chest

A federal judge dismissed a lawsuit regarding the legal status of a cryptobased crowdfunding tool, raising questions about the government's stance on crypto regulation.

user avatarKaterina Papadopoulou

RLUSD Adoption Accelerates Under GENIUS Act

chest

The adoption of RLUSD is rapidly increasing following the implementation of the GENIUS Act, which provides a federal framework for stablecoins in the US.

user avatarMaya Lundqvist

Concerns Over Roman Storm's Prosecution Amid DOJ Policy Shift

chest

Concerns Over Roman Storm's Prosecution Amid DOJ Policy Shift

user avatarLeo van der Veen

DOJ Clarifies Stance on Crypto Software Development

chest

The Department of Justice has announced a new policy stating that software developers in the crypto industry will not face criminal charges solely for writing code, emphasizing that liability depends on conduct, knowledge, and intent.

user avatarLi Weicheng

Porvenir Launches Bitcoin Investment Product for Young Workers

chest

Porvenir, Colombia's largest pension fund administrator, has launched a new Bitcoin investment product aimed at young workers aged 18 to 45.

user avatarAisha Farooq

OpenAI's IPO Plans Complicated by Internal Financial Concerns

chest

OpenAI's IPO plans are complicated by internal financial control concerns, potentially delaying the public listing.

user avatarTenzin Dorje

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.