What is Illuvium (ILV)?

Illuvium is the world’s first play-to-earn AAA NFT blockchain game built on Ethereum. It is a decentralized role-playing game (RPG) game that empowers players to create worlds and share them with other players. With this powerful crypto game, players can create and upload their own content and be rewarded for doing so through Illuvium’s ecosystem of gameplay items, which are non-fungible tokens (NFTs). They can also stake their tokenized assets with a zero-free, decentralized framework, and earn more NFTs.

In this realistic game, players collect digital creatures known as “Illuvials.” These Iluvials are captured by players and nursed back to health if they are weak or injured. Every Illuvial has its affinity and classes. There are five classes and five affinities; each class has its strengths and weaknesses.

As players make stronger teams, complete missions, and defeat enemies, their Illuvials grow and become more powerful. Each Illuvial and item in the game that can be traded in NFT marketplaces are represented with NFTs.

Illuvium makes use of two ERC-20 Ethereum project altcoins, and they are ILV (Illuvium) and sILV. Players that are token holders can use the ILV to earn juicy rewards, partake in governance, and liquidity mine. sILV is different from ILV in the sense that it can be used in-game immediately, but ILV rewards have a lock-up period and cannot be used at will all the time.

Who are the Founders of Illuvium (ILV)?

Illuvium has already generated a lot of buzz, and many people can’t wait to dive into the magical world. It is pretty rare to find a game that has been built based on crypto, and future players are really excited by the entire prospect of the game. A game where you can earn real rewards and conduct transactions is not something you come across every day, but somehow, the founders discovered a way to make it possible.

The founders of this adventurous RPG are Kieran Warwick and his brother, Aaron Warwick. Grant Warwick is also a co-founder, but he is more of the Chief Art Director.

Kieran had taken a break from crypto to focus on his startup food industry, but after much vexing from his elder brother, he decided to return to the crypto business full time.

Kieran had shown interest in bitcoin and ethereum for a long time, and this enthusiasm made him join Blueshyft. Here, Kieran got affiliated with major Australian Exchanges, and he started the first OTC crypto exchange in the world. With this knowledge and his solid background in trading penny stocks, Kieran decided to do a project that would be a game-changer for the industry it represented. He told his brother Aaron about his idea, and they went ahead to develop the first AAA gaming title on the Ethereum blockchain, and that’s how Illuvium came to be.

What is Illuvium (ILV) used for?

Illuvium provides a platform for users to play and earn actual prizes by completing quests and missions. It is a game that can be used to interact with other players, have fun, and earn money.

In Illivium, you can earn your rewards in two ways:

  • You can farm ILV or sILV.
  • You can share your revenue. The ethereum coins are used by players in the game for ILV buybacks and then distributed to players that stake. This mechanism will be active once the game is launched.

What is the Unique Point of Illuvium (ILV)?

Unlike other blockchain-powered games, Illuvium features a fully 3D environment with over 100 distinct Illuvials scattered throughout its regions. Each alluvial is created uniquely in such a way that it appeals to players used to playing big-budget retail games.

Asides from this, Illuvium stands out from other blockchain games because it has some fantastic features like:

Layer 2 Integration

Illuvium is built on Immutable X, a layer 2 solution that is designed to scale apps with NFT functionalities.

It ensures that players can trade and mint their NFTs with zero gas fees and swift transaction finality. Also, players maintain full custody of their assets.

The IlluviDEX

This is the Illuvium built-in decentralized platform. Here, players can swap Illuvial assets, including Illuvial NFTs. A fee of 5% is removed from each sale and added into the rewards pool of ILV stakers.

Yield Farming

The Illuvium yield farm program has a total of 3 million ILV equivalent to 30% of the maximum supply. This is distributed to players who contribute liquidity over a three-year period and those who partake in various reward programs.

How many Illuvium (ILV) Coins are in Circulation?

As of the 16th of November, 2021, there were a total of 642,551 ILV coins in circulation out of a supply of 7 million and a maximum supply of 10 million.

But according to the current CoinMarketCap ranking, Illuvium has a circulating supply of 642,819 ILV coins and a maximum supply of 10 million ILV coins.

The live illuvium price is $1,220.17 USD, with a trading volume of $38,756,322 USD every 24 hours.

It is imperative to note that the cryptocurrency market is a very volatile one, and prices can change at random, affecting the circulation rate.

Is the Illuvium(ILV) Network Secured?

Illuvium is an ERC-20 token built on the Ethereum blockchain, making it quite secure and safe for players. This system can facilitate in-game earnings through its events and quests.

Due to ILV’s development on the ethereum blockchain, the system is kept secure by a dedicated proof of work mechanism. These mechanisms are built in such a way that the nodes are required to permit transactions before they can be added to the blockchain. This prevents the system from unauthorized security breaches.

How do I buy Illuvium (ILV)?

Illuvium combines the thrill of gaming while incorporating an avenue for the players to earn money. As such, many players have hopped on the platform making it more mainstream. Its tokens are available across several exchanges and can easily be purchased by the outlined steps.

  • Open an account with the crypto trading platform.
  • Transfer the specific amount of your fiat currency to your account.
  • Wait for your deposit to be confirmed, and Buy ALICE through your trading account.

Which Cryptocurrency Wallet Supports Illuvium (ILV)?

The PTPWallet platform supports many cryptocurrencies simultaneously such as Illuvium (ILV). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their Illuvium wallet because it offers a simple and interactive interface making it easy for people to navigate its system.

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