How to get ILV coins

Through in-game rewards, liquidity mining, staking, NFT investments, airdrops, and external services like exchanges and aggregators, players and investors can acquire ILV coins to participate in the Illuvium ecosystem.

Nov 24, 2024 at 05:31 pm

How to Get ILV Coins: A Comprehensive Guide

Introduction

ILV is the native token of the Illuvium ecosystem, a role-playing game based on blockchain technology that leverages NFTs to represent in-game creatures, assets, and land. Acquiring ILV coins unlocks various benefits within the gaming environment, making it an attractive asset for both players and investors. This guide provides a comprehensive overview of different methods to obtain ILV coins.

Methods to Acquire ILV Coins

1. Playing the Illuvium Game

Players can earn ILV by completing quests, participating in battles, and achieving in-game accomplishments. As they progress through the game, players will be rewarded with ILV that can be used to purchase in-game items, upgrade characters, and access exclusive content.

2. Liquidity Mining

Liquidity mining, also known as yield farming, allows users to provide liquidity to decentralized exchanges (DEXs) in exchange for rewards. By depositing ILV coins into liquidity pools, users can earn ILV tokens as a reward for facilitating trades.

3. Staking

Staking involves locking up ILV coins for a specific period to support the network's security and validation. In return for staking their ILV, users receive rewards in the form of additional ILV tokens. Staking helps secure the Illuvium blockchain and provides a passive income stream for ILV holders.

4. Purchasing from Cryptocurrency Exchanges

ILV coins can be purchased from reputable cryptocurrency exchanges such as Binance, Huobi, and Coinbase. These exchanges allow users to buy ILV using fiat currencies or other cryptocurrencies.

5. NFT Investments

Investing in Illuvium-related NFTs, such as Illuvials (in-game creatures), land, and virtual assets, can also provide access to ILV. Some NFTs come with built-in earning mechanisms that reward holders with ILV tokens over time.

6. Airdrops and Referral Programs

Participating in airdrops and referral programs offered by Illuvium or its partners can grant users free ILV coins. Airdrops typically involve distributing ILV to members of the Illuvium community, while referral programs reward users for referring new players and investors to the ecosystem.

7. Yield Farming Aggregators

Several yield farming aggregators, such as Beefy Finance and Autofarm, offer automated access to ILV liquidity pools and staking opportunities. These platforms allow users to optimize their earnings by automatically investing their ILV and claiming rewards.

8. Lending and Borrowing

By lending ILV tokens on decentralized lending platforms, users can earn interest on their coins. Borrowers can also obtain ILV coins through these platforms, allowing them to gain exposure to the asset without having to buy it directly.