Illuvium

What is the token?

• Illuvium (ILV) is an ERC-20 governance token compliant with the Ethereum network.

• It is primarily used within the Illuvium ecosystem, a blockchain-based game.

• ILV serves multiple purposes, including governance and as a tradable asset, offering value and utility to its holders.

• ILV tokens are rewarded for in-game achievements and for locking liquidity within partnering decentralized finance platforms.

Tokenomics

• The total maximum supply of ILV tokens is capped at 10,000,000.

• The tokenomics support various activities within the Illuvium ecosystem, including yield farming, which is set to take three years, revenue streams from in-game purchases, and IlluviDEX exchange fees.

• Many ILV tokens are distributed through the Balancer Liquidity Bootstrapping Pool (BLBP).

Market Data

As of today 31 December 2024, the price of Illuvium is ₹3,569.83 INR, with a 24-hour trading volume of 27640419.63 USD. The market capitalization for Illuvium is 211717509.29USD. The circulating supply is 5295172.49 Illuvium, with the total supply also being 8721922.47 Illuvium.

Token Pros and Cons

Pros:

• Offers governance rights within the Illuvium ecosystem.

• Provides revenue distribution rights to token holders.

• Supports a zero gas fee strategy for peer-to-peer trading on the Immutable X blockchain.

Cons:

• The complexity of blockchain gaming and tokenomics may deter some potential users.

Why Should You Invest in the Coin

• Investing in ILV could be attractive due to its pioneering role in the blockchain gaming industry, its innovative use of NFTs and play-to-earn structure, and its ecosystem's potential for governance and revenue-sharing.

• Potential investors should consider their risk tolerance and the speculative nature of cryptocurrency investments.

USP of the Coin

• Illuvium's unique selling proposition (USP) lies in its combination of high-quality, 3D blockchain gaming with a decentralized governance model and play-to-earn mechanics, making it a standout project in the blockchain gaming space.

Problem the Coin is Solving

• Illuvium aims to address issues in traditional gaming, such as lack of ownership and monetization opportunities for players, by providing a decentralized platform to earn tangible rewards and truly own in-game assets.

Founder and Team Background

• Kieran and Aaron Warwick founded Illuvium, the brothers of Kain Warwick, the co-founder of the DeFi platform Synthetix.

• The team aims to blend the appeal of traditional gaming with the innovations of decentralized finance.

ICO Price

• Illuvium conducted its ICO from March 30 to April 2, 2021, with the ILV token priced at $88.

• The project aimed to raise funds in ETH, offering 1,000,000 ILV tokens (10% of the total supply) for sale.

• Illuvium raised $15 million, with the public sale and funding rounds contributing 73%.

Risks Associated with Investing in the Coin

Risks include:

• Market volatility.

• Regulatory changes.

• Technical and security challenges inherent in blockchain and DeFi projects.

• Potential delays in game development and updates.

The Illuvium whitepaper outlines the project's vision to create a decentralized, blockchain-based gaming ecosystem that leverages the Ethereum network and Immutable X blockchain for a play-to-earn RPG experience. The game introduces players to a vast, explorable world inhabited by creatures called Illuvials, which players can capture, train, and use in battles. The ILV token is central to the ecosystem, facilitating governance, liquidity, and reward distribution mechanisms.

The whitepaper details the game's innovative features, including zero gas transaction fees, privacy-preserving infrastructure using Zero-Knowledge Rollups, and a decentralized governance structure. It emphasizes the importance of community involvement in the project's development and governance through the Illuvium DAO.

Tokenomics is thoroughly explained, with a fixed supply of 10 million ILV tokens and a distribution strategy designed to incentivize participation and investment in the ecosystem. The document also addresses the revenue model, which includes in-game purchases and fees from the IlluviDEX, an in-game exchange platform.

The whitepaper presents Illuvium as a groundbreaking project that aims to merge the excitement and depth of traditional RPGs with the benefits of blockchain technology, offering players entertainment and opportunities for earning and participation in the game's development.