Token Spotlight: Illuvium (ILV)

What is Illuvium?

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. It combines elements of RPG and strategy games, allowing players to explore and capture deity-like creatures called Illuvials.

The ILV's Utility

The ILV token has several utilities within the Illuvium ecosystem:

• Governance: ILV holders can participate in the Illuvium DAO, voting on important decisions and proposals.
• Staking: Users can stake ILV to earn rewards in the form of more ILV tokens or in-game items (sILV).

Founders & Background

Illuvium was founded by Kieran and Aaron Warwick. Kieran Warwick is a serial entrepreneur with experience in e-commerce and blockchain, while Aaron Warwick is a game designer with a background in software development. The Warwick brothers have combined their expertise to create a game that leverages the power of blockchain technology.

Highlights:

• Unique Game Mechanics: Illuvium offers a unique blend of RPG and strategy gameplay, with a focus on capturing and training Illuvials, which are collectible and tradable NFTs.
• AAA Quality: Illuvium is one of the first AAA games in the blockchain space, featuring high-quality graphics and a rich, immersive world. AAA (Triple-A) is an informal classification used in the video game industry to describe high-profile, high-budget games.
• Play-to-Earn Model: Players can earn ILV tokens through various in-game activities.
• Recent Developments: Illuvium has announced its long anticipated mainnet launch, scheduled for July 25, 2024. Its integration with Immutable X for gas-free transactions is a notable highlight.
• Community Engagement: The project has a strong community and active participation in its DAO, driving forward its development and growth.

Current Circulation

As of now, there are 6.7 million ILV tokens in circulation, with a maximum supply of approximately 9.6 million ILV.