Illuvium

What is Illuvium?

Illuvium stands as an expansive fantasy combat game set within an open-world environment, leveraging the capabilities of the Ethereum blockchain. Widely hailed as the inaugural AAA title within the Ethereum realm, Illuvium aims to cater to the entertainment desires of both casual gamers and dedicated DeFi enthusiasts by offering an array of collection and trading features.

The universe of Illuvium is populated by creatures referred to as Illuvials, which players can seize by triumphing over them in combat and nurturing them back to well-being. Once this bond is forged, these creatures become steadfast additions to a player's assemblage, accessible for deployment when clashing with other adventurers in Illuvium's auto battler gameplay.

This game seamlessly blends the attributes of an open-world exploration game with those of a player-versus-player combat game. Whether immersing themselves in the vast realms of the gaming world or assembling a formidable team of creatures, players have the freedom to choose their path.

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Recent Video Interview

Main points of the interview:

• Illuvium discussed recent hype around Overworld.
• Revealed plans for expanding weapon variety and abilities in Overworld.
• Teased upcoming features, emphasizing ongoing beta development and future improvements.
• Esports potential post-open beta, current demand, and organic scene growth.

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The Tokenomics of ILV

Within the Illuvium ecosystem, its very own native token, known as ILV, takes center stage as the principal currency driving the platform's functionalities. This token assumes a multitude of roles within the ecosystem, encompassing:

Governance: ILV holders wield the ability to actively engage in the decision-making processes of the platform. This is executed through their participation in voting on propositions that pertain to the platform's evolution and administration.

Rewards: Those individuals who contribute to the ecosystem by means of staking, furnishing liquidity, or engaging in other designated activities stand to reap ILV rewards as a recognition of their involvement.

Utility: ILV fulfills the crucial role of settling transaction fees and covering sundry expenses linked to the utilization of the Illuvium platform.

The aggregate supply of ILV tokens is capped at 10 million, and their distribution pattern is as follows:

• 50% of the tokens are apportioned to the Illuvium team and its advisors.
• 25% of the tokens find allocation in the Illuvium treasury.
• 20% of the tokens are designated for the Illuvium ecosystem, encompassing enticements for liquidity and fostering ecosystem expansion.
• 5% of the tokens are set aside for initiatives related to the community and promotional endeavors.

Illuvium Team Background and Partners

Kieran Warwick is a seasoned entrepreneur known for his involvement in e-commerce alongside his brother Kain Warwick. He early on embraced Bitcoin and Ethereum, leading him to contribute significantly to the crypto space. He played a pivotal role at Blueshyft, facilitating major Australian Exchange onboarding and pioneering the world's first OTC cryptocurrency exchange. Notably, he also played a role in the success of The Burger Collective, forging partnerships and driving substantial user engagement. With a passion for DeFi and trading, Kieran teamed up with his brother Aaron Warwick, a skilled game designer with a background in Computer Engineering and Physics. Together, they conceived Illuvium, the first AAA gaming title on the Ethereum blockchain.

Some of Illuvium's partners are GameStop, Cards of Ethernity, Bulldogs, and Immunefi.

Illuvium Project Development

Exciting news emerged as the long-awaited Illuvium: Overworld Private Beta 2 became live in May 2023. Players can now embark on an adventure through the expanded realm of Illuvium, featuring fresh regions, new Illuvials, and innovative gameplay mechanics. Within this release, ten novel Illuvial lineups, such as the agile Monkey Rogue and the formidable Polar Bear, await to put players' abilities to the test. A special introduction is made to the Morphopods - distinctive creatures, each endowed with remarkable attributes and behaviors.

Private Beta 2 unveils the new Overload mechanic, designed to accentuate strategic energy management within every region. The journey will lead explorers through the perilous Abyssal Basin and the vibrant Brightland Steppes. Moreover, substantial enhancements have been applied to the Illuvial base, Arena, and traversal mechanics. Adventurers can now navigate the terrain using a wingsuit and friction board, offering unique and exhilarating experiences while traversing the map.

Illuvium Price Analysis

As of November 24 2024 Illuvium has a marketcap of $347M. This is {{percentagefromath}} from its all time high of $1.91126K. In terms of its tokenomics, there's a total supply of 9.6M with 74% currently outstanding. Keep in mind Illuvium has a fully diluted value of $469M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.