Illuvium is a revolutionary game based on the Ethereum blockchain that combines elements of open world, exploration, and player vs. player (PvP) based gameplay. Illuvium is considered the first AAA game on Ethereum, which gives it a unique status in the world of blockchain games. It appeals to a wide audience, from casual gamers to DeFi (Decentralized Finance) enthusiasts, offering them the opportunity to explore a rich fantasy world, build teams of powerful creatures called Illuvials, and earn ILV tokens.
Illuvium – How Does It Work?
The game is designed as a full-fledged desktop application that allows players to explore the world of Illuvium, fight Illuvials and other players, complete challenges, and collect rare resources. The Illuvials, the central characters of the game, vary in class and attributes, making them unique and diverse in terms of value and combat power. The main classes and characteristics of the Illuvials include:
- Classes: Empath, Fighter, Guardian, Rogue, Psion.
- Attributes: Air, Earth, Fire, Nature, Water.
Each Illuvial is represented by a unique NFT token (non-fungible token), which can be freely traded on external exchanges and on the dedicated IlluviDEX platform, operating without transaction costs. This allows players to collect, trade and upgrade their Illuvials, creating teams for PvP battles and other in-game challenges.
ILV Token – The Basic Unit of the Illuvium Ecosystem
The ILV token plays a key role in the Illuvium ecosystem, offering a variety of capabilities including:
- In-game achievement awards – players are rewarded with ILV tokens for their successes, which provides additional motivation to play.
- Share in profits – ILV holders are entitled to a share of gaming revenues that go towards the ILV staker prize pool.
- Governance – ILV allows players to participate in decision-making regarding the future of the project through a decentralized autonomous organization (DAO).
Unique Features of Illuvium
Illuvium differs from traditional blockchain games through its rich, 3D graphics and open-world exploration. Unlike many other blockchain games, Illuvium offers a AAA-like experience, making it appealing to a wide audience. Key features include:
- Integration with Immutable X – Layer 2 on Ethereum provides fast NFT transactions with no gas fees, allowing users to store and trade assets securely.
- IlluviDEX – a decentralized exchange for trading Illuvium-related assets, with a 5% fee from each transaction that goes to the staker reward pool.
- Yield Farming Program – as much as 30% of the total ILV supply (i.e. 3 million tokens) is allocated to the yield farming program, which rewards users who support liquidity and other activities supporting the development of the project.
Application of sILV – Innovative Form of Remuneration
One of the unique elements of Illuvium is sILV, a special token that allows players to bypass the lock-up period of standard ILV. Stakers can convert ILV rewards to sILV for immediate in-game use, accelerating the development of their character and teams without having to wait for the rewards to fully unlock.
Axie Infinity Comparison – Illuvium in the Context of Competition
While Axie Infinity is often compared to Illuvium, the games are quite different in terms of both gameplay and visual presentation. Illuvium is a 3D open-world RPG with story-driven quests that appeals to more traditional players, regardless of cryptocurrency experience. Axie Infinity, on the other hand, is a 2D creature-breeding and battling game that appeals more to crypto enthusiasts and NFT collectors.
The Future of Illuvium – Ecosystem Development and Next Features
In the future, Illuvium plans to expand its offer with additional functionalities and regions in the game. The plan is to expand the game world with new locations, creatures and quests. Thanks to the expanded ecosystem based on NFT, players will be able to engage more in the development of their characters and experience a more immersive adventure. The development of Illuvium, supported by the global community and investors, creates opportunities to attract more users and increase the adoption of blockchain technology in the gaming industry.
Technical Data and Current ILV Quotes
ILV Token Statistics:
- Current price of: $ 41.02
- Market capitalization: $208.47M
- Circulating supply: 5.08M ILV
- Total supply: 8.58M ILV
- Volume (24h): $54.17M
- All time high: $2,868.95 (May 2021)
- All-time low: $29.77 (June 2021)
Useful links:
- Illuvium website: www.illuvium.io
- Major Exchanges Trading ILV: Binance, Coinbase, Huobi Global
- Current quotes and more information about ILV: available on CoinMarketCap and CoinGecko
The Illuvium token has many development opportunities ahead, and its unique approach to gameplay and use of blockchain as an element of game mechanics make it a potentially interesting choice for investors looking for a combination of entertainment and blockchain technology.