What coin is ILV?

As the native cryptocurrency of the Illuvium game, ILV spearheads the game's economy as an in-game currency, staking asset, and governance token.

Dec 01, 2024 at 06:22 pm

What is Illuvium (ILV)?

Illuvium (ILV) is the native cryptocurrency of the Illuvium game, a decentralized, open-world, sci-fi collectible creature game built on the Ethereum blockchain.

Key Features of Illuvium

Collectible creatures: Players can collect, trade, and battle creatures called Illuvials, each with its own unique abilities and rarity.
Open-world gameplay: Illuvium features a massive open-world environment with multiple biomes and dungeons to explore.
Player-owned land: Players can purchase land in the Illuvium world, where they can construct buildings, breed Illuvials, and participate in resource gathering.
Augmented reality: The Illuvium app integrates augmented reality technology, allowing players to view Illuvials in their own surroundings.
Governance: ILV holders can participate in the governance of the Illuvium DAO, which makes decisions on the future direction of the game.

Use Cases for ILV

In-game currency: ILV is the primary currency used within the Illuvium game for transactions such as purchasing Illuvials, land, and items.
Staking: ILV holders can stake their coins to earn rewards and participate in the governance of the Illuvium DAO.
Breeding: ILV is required to breed Illuvials, creating new and unique creatures that can be sold or used in gameplay.
Marketplace: ILV is the main payment method used on the Illuvium marketplace, where players can buy and sell Illuvials, land, and other items.

Tokenomics of ILV

Total supply: 10,000,000 ILV
Circulating supply: Approximately 5,000,000 ILV
Distribution: ILV tokens were distributed through various mechanisms, including a public sale, private sale, and team allocation.
Inflation: There is a maximum annual inflation rate of 5% for the first two years, declining to 2% thereafter.

How to Buy ILV

ILV can be purchased on various cryptocurrency exchanges, including Binance, Coinbase, and Uniswap.

Conclusion

Illuvium is an ambitious project that aims to revolutionize the creature-collecting genre through its incorporation of blockchain technology. ILV plays a crucial role in the game's ecosystem, serving as an in-game currency, a staking asset, and a governance token. With its strong development team and active community, Illuvium has the potential to become a major player in the blockchain gaming industry.

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