Illuvium makes use of the Immutable X blockchain and Layer-2 scaling technologies. It is an Ethereum-based blockchain game. The RPG features advanced 3D character creation as well as real-time character-driven gameplay. And all of this while allowing players to earn NFTs and invest in-play money. They are tokenized assets in a decentralized, fee-free system. lluvium additionally makes use of a privacy-preserving, highly scalable architecture with Zero Information Gathers (zk-Aggregations). It is employed in the ecosystem's ILV token to supplement these and other functionalities. Illuvium employs a decentralized management system designed to capitalize on its decentralized autonomous organization (DAO).

Illuvium's native token is the ILV currency. The native token is an ERC-20 governance token that is compatible with the Ethereum network used by Illuvium to control DAO. The coin also earns money through in-game purchases on IlluviDEX. To encourage its liquidity, ILV tokens may also be used as an incentive to lock in liquidity on partner DeFi platforms.

History

Illuvium, which was founded in September 2020, developed a totally decentralized game that can best be defined as a cross between an open-world RPG and an auto-battler. Inside Illuvium, players will come across monsters known as Illuvials, which may be battled and captured. A successful capture leads in the creation of a new NFT asset representing the Illuvial, which is then kept in your wallet. These NFTs can then be employed in combat or traded. Illuvium hopes to appeal to both casual gamers and DeFi users with a variety of collecting and trading options. Furthermore, Illuvium will supply these functionalities at no cost by leveraging the Layer-2 solution Immutable X.

ILV finished its Balancer public sale in March 2021 with a record amount of over 90 million USD exchanged. Over the course of three days, one million tokens with a starting price of 50 USD were sold. The cash will be utilized to swiftly grow the team and get the game to market as soon as possible.

How does it work

Traditional RPGs place players in a universe where they manage a group of characters and make decisions that affect future events in the game. The more frequently a character is utilized, the faster it advances. In Illuvium, players capture God-like entities known as Illuvials, which may be preserved in shards. Illusions are represented by NFTs in the player's digital wallet. Illusions are classified into numerous classes and affinities, each with a unique set of skills. If a user captures multiples of the same Illusion kind, they can be merged to become more powerful through a burn process.

The blockchain-based game also takes part in user-created contests. It also has a P2B framework, which allows them to earn in-game prizes in the form of ILV tokens. He can also buy Illusions and acquire resources to buy and sell them on Illuvidex, the in-game marketplace. Illuvium has a fighting arena mode in which players may win ILV awards. It also has a multiplayer combat arena mode in which you compete for a better rating.

Total supply and circulation

Current circulating supply is 650,861 ILV tokens, despite that total supply is 7 million ILV. Maximum supply is set to 10 million coins.