What is Illuvium (ILV)? – Bittime

Illuvium (ILV) is an innovative project that combines elements of gaming and DeFi (Decentralized Finance) in an exciting blockchain ecosystem.

Developed on top of the fast and efficient Solana network, Illuvium promises a fun gaming experience and the opportunity to participate in the decentralized economy.

What Is Solana Illuvium (ILV)

Illuvium (ILV) is an open-world NFT game that combines DeFi (Decentralized Finance) and RPG (Role-Playing Game) elements where players explore a fantasy world, capture Illuvials (NFT creatures), and fight in auto battlers.

Illuvium is built on the Ethereum blockchain. Illuvium offers a unique and rewarding gaming experience to its players.

Illuvium (ILV) main Products & Features

Below are some of the main products and features offered by Illuvium.

1. NFT Based Games

Illuvium leverages NFT technology to create unique in-game characters, items, and assets that can be traded on the NFT marketplace. Each character has different attributes and abilities, providing variety and depth in gameplay.

2. DeFi Ecosystem

Illuvium also offers DeFi features that allow players to leverage their digital assets. These DeFi features include staking, yield farming, and participation in other decentralized finance protocols. Players can earn rewards in the form of ILV (Illuvium) tokens and other crypto assets through these DeFi activities.

3. Skill Based Gameplay

Illuvium offers skill-based gameplay, where players can choose characters, build teams, and battle against other players or AI for rewards and prestige in the game. This creates a challenging and entertaining gaming experience for players.

4. Decentralized Ecosystem

Illuvium operates on top of the decentralized Solana network. This means that the Illuvium ecosystem is powered by blockchain technology that ensures security, transparency, and resistance to external manipulation. It also allows the players to have complete control over their assets and decisions in the game.

Also Read: Get to Know the Types of NFT and How to Get Them

What Is Illuvium Token (ILV)

Illuvium Token (ILV) is a digital asset used within the Illuvium ecosystem. ILV has several main functions that cover various aspects of gaming and participation in project settings.

First, ILV tokens are used as a form of reward for players for their achievements in the Illuvium game. This means that players can earn ILV as a reward for winning battles, certain achievements, or various other activities recognized in the game.

Additionally, ILV grants players rights to their share of the Illuvium Vault. Illuvium Vault is a place where important and valuable assets of the game are stored. ILV holders have the right to share in the profits from this Vault, which can be in the form of tokens, NFTs, or other digital assets.

Additionally, ILV tokens are also used to participate in gaming governance via Illuvium's decentralized autonomous organization (DAO). This allows token holders to have a say in decisions that influence the development and direction of the Illuvium project.

Overall, the ILV token is an integral part of the Illuvium ecosystem, playing an important role in providing incentives to players, entitling them to a share of the profits from the Illuvium Vault, and giving token holders decision-making power in project governance.

Tokenomic Token Illuvium (ILV)

Illuvium Tokenomics is designed to create a balanced and sustainable economic system. This includes token distribution, maximum supply, token burning, and incentives for token holders.

Total Supply: 10.000.000 ILV

Distribution:

30% - Public sale
25% - Team and Contributors
20% - Staking dan Yield Farming
15% - Ecosystem and Treasury
10% - Advisors and Investors

Fundamental Analysis of Floods (ILV)

Illuvium has a strong foundation when it comes to technology. Apart from that, other advantages of Illuvium are:

Experienced team with a background in gaming and blockchain.
Fast-growing community with over 100,000 followers on social media.
An innovative and interesting game that combines DeFi and RPG.
High-profit potential through gameplay and staking.

Also Read: What is Heroes of Mavia (MAVIA) - GameFi Similar to Clash of Clans which is currently on the rise

Comparison of Illuvium (ILV) & Competitors

A comparison between Illuvium and its competitors, can be made in the form of a table containing various parameters such as the technology used, genre, blockchain, NFT, gameplay, and tokenomics. You can see it in the following table.

Founder & Tim Illuvium (ILV)

Co-Founder & CEO: Kieran Warwick

Co-Founder & CTO: Aaron Warwick

Co-Founder & CMO: Grant Warwick

The Illuvium team consists of 40+ people with experience in gaming, blockchain, and software development.

Expert Opinion About Illuvium (ILV)

Illuvium has the potential to become one of the most successful blockchain games. This game offers interesting and profitable gameplay for the players. The Illuvium team is experienced and has a proven track record.

Conclusion

Illuvium is an innovative and exciting open-world NFT game with huge potential. The combination of DeFi and RPG, unique gameplay, and an experienced team make Illuvium a project worth considering for gamers and crypto investors.

How to Buy ILV on Bittime

After knowing what ILV is and how it works, are you interested in buying and investing in this crypto asset? You can do it at Bittime. ILV tokens are available on Bittime in ILV IDR pairings.

Below is a guide on how to buy ILV tokens on Bittime.

Register an account at Bittime using an active email.
Complete the identity verification process.
Once the account is verified, open the Bittime application.
Select the Market menu or click the graphic icon.
Select IDR pairing to buy ILV with Rupiah.
Click 'Buy'.
Select the order type to use. Limit orders, market orders, and stop orders are available.
Enter the nominal rupiah to buy ILV.
Click the 'Buy ILV' button.
A notification pop-up will appear. Read it carefully and click 'Confirm'.
Enter the six-digit Transaction PIN.
The application will display a successful order notification.

Complete guide on how to buy ILV, click here.

Apart from buying ILV tokens, you can also buy various crypto assets such as BTC, ETH, SOL, ADA, AVAX, DOGE, and many others. Don't forget, keep monitoring ORDI, BTC, ETH, and SOL price chart movements today to find out crypto market trends on Bittime.

Crypto asset buying and selling transactions on Bittime are easy, safe, and instant. Bittime is officially registered and supervised by Bappebti and Kominfo.

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DISCLAIMER: This article is informational and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.

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