Illuvium

Illuvium (ILV): A Comprehensive Guide

What is Illuvium (ILV)?

Illuvium (ILV) is the native token of the Illuvium ecosystem, an open-world fantasy battle game built on the Ethereum blockchain. Launched in 2021, Illuvium combines elements of collectible NFT games and auto-battlers, creating an immersive gaming experience where players can explore, capture, and battle with creatures called Illuvials. As a play-to-earn game, Illuvium allows players to earn rewards in the form of ILV tokens by participating in various in-game activities.

How Does Illuvium (ILV) Work?

Illuvium (ILV) operates as an ERC-20 token on the Ethereum network, providing governance rights within the Illuvium DAO (Decentralized Autonomous Organization). Token holders can vote on important decisions affecting the game's development and ecosystem. The Illuvium protocol employs a unique zero-fee structure for in-game transactions, with 100% of revenue generated on the platform directed to the Illuvium Treasury, ultimately benefiting ILV holders.

The game's economy is designed to integrate blockchain technology seamlessly, allowing true ownership of in-game assets through NFTs. These assets, including Illuvials and land plots, can be traded on Illuvium's native marketplace, with transactions being secured on the blockchain.

Illuvium (ILV) Staking and Mining

Illuvium offers robust staking options for ILV token holders, but does not support traditional mining. Instead of mining, the ecosystem focuses on staking as the primary method for token holders to earn passive income.

Illuvium Staking Mechanics

ILV staking is a core component of the Illuvium tokenomics model. Token holders can stake their ILV in the Illuvium Vault, which offers two different reward options:

• ILV Rewards: Stakers can earn additional ILV tokens, which are subject to a 1-year cliff vesting period.
• sILV Rewards: Alternatively, stakers can opt for sILV (Synthetic ILV) rewards, which have no vesting period but can only be used within the Illuvium ecosystem for in-game purchases and cannot be transferred or sold on exchanges.

The Illuvium staking program is designed to encourage long-term holding, with rewards distributed from a dedicated yield pool that was allocated 3 million ILV tokens during the token's launch.

What is ILV Used For?

Illuvium (ILV) serves multiple utilities within the ecosystem:

• Governance: ILV holders can vote on proposals regarding game development, tokenomics adjustments, and ecosystem decisions.
• In-game Currency: Players can use ILV (or more commonly sILV) to purchase in-game assets, including Illuvials, cosmetics, and land plots.
• Staking Rewards: Holding and staking ILV generates passive income in the form of additional ILV or sILV tokens.
• Revenue Distribution: ILV holders collectively benefit from revenue generated within the Illuvium ecosystem through the DAO treasury.

Illuvium (ILV) Token Distribution

When Illuvium launched, the ILV token distribution was structured to ensure long-term sustainability and fair allocation. The total supply of ILV is capped at 10 million tokens, distributed as follows:

• Team and Founding Members: 15% (1.5 million ILV) - Subject to vesting schedules
• Treasury: 17.5% (1.75 million ILV) - Managed by the Illuvium DAO
• Yield Farming/Staking Rewards: 30% (3 million ILV) - Distributed over 3 years
• Private Sale: 7.5% (750,000 ILV) - Subject to vesting
• Public Sale: 4% (400,000 ILV)
• Liquidity Pool Rewards: 4% (400,000 ILV)
• Foundation: 8% (800,000 ILV)
• Ecosystem Fund: 14% (1.4 million ILV)

This distribution model was designed to ensure that a significant portion of the tokens was allocated to community rewards through staking and gameplay, aligning with the project's decentralized ethos.

Additional Information About Illuvium (ILV)

Interoperability and Layer 2 Solution

Illuvium uses Immutable X as a Layer 2 scaling solution to address the high gas fees and scalability issues on the Ethereum network. This enables gas-free trading of in-game NFTs and a more seamless gaming experience.

Land and Real Estate in Illuvium

One unique aspect of the Illuvium ecosystem is its land NFTs, which represent virtual real estate within the game. These land plots can be developed to extract resources, build facilities, and generate revenue, adding another dimension to the game's economy.

Trading Illuvium (ILV) with Cryptohopper

Investors interested in adding Illuvium (ILV) to their portfolio can easily trade this cryptocurrency on any supported exchange using Cryptohopper's automated trading bot. Cryptohopper provides tools for implementing strategic trades, portfolio management, and market analysis, making it easier for both beginners and experienced traders to navigate the cryptocurrency market. The platform's automated features allow for 24/7 trading of ILV based on predefined parameters, helping users capitalize on market movements even while they sleep.