Illuvium is a blockchain game set in an open-world RPG background. Players collect creatures called Illuvials, each with their own profession and affinity. There are five professions and five affinities, each with their own advantages and disadvantages. As players defeat other players and complete quests, their Illuvials become stronger.
On Ethereum, Illuvium has two ERC-20 projects in addition to BTC: ILV (Illuvium) and sILV. Token holders can use ILV for liquidity mining, governance participation, and earning rewards. ILV rewards have a lock-up period, but players can use sILV immediately in the game.
Illuvium also uses NFTs to represent each Illuvial and in-game items, which can also be traded on external NFT markets. To earn ILV and sILV, players can purchase tokens on Binance and begin staking on Illuvium's staking platform. They can also stake a partner's tokens in their Flash Pool to earn ILV.
Introduction In recent years, blockchain technology has seen explosive growth in the gaming field. However, we have yet to see a game with sufficient budget and quality. Illuvium promises to deliver a higher-level blockchain gaming experience, exploring the metaverse and the game monetization model. But how will they achieve this? After the game's release, will there be a way to achieve the promised depth of gameplay?
How does Illuvium work? Illuvium is an open-world RPG blockchain game built on Ethereum and set to launch in 2022. Players will travel throughout a fantasy world, battling and capturing creatures called Illuvials. Once added to your collection, these creatures can be used in battles with other players or in completing quests and challenges in the Illuvium story experience.
Illuvium also has its own tokens, ILV and sILV, as well as non-fungible tokens (NFTs) representing creatures, upgrades, and functional items. The game is designed to allow players to earn ILV tokens as they complete challenges, tasks, and battles, providing a play-to-earn feature.
During the development stage, Illuvium is set to release as a desktop application that can be downloaded after creating an account. The game is offered in both a free-to-play and a subscription mode.
To capture an Illuvial, you must include it in a fragment. The more powerful the Illuvial, the more powerful the fragment needs to be to successfully capture it. If your Illuvial is injured, it will begin to heal in the fragment over time. However, you can speed up this process by paying a fee or using items to accelerate the recovery of its health. Some Illuvials are particularly rare and are displayed as shiny, golden, or holographic images.
Careers in Illuvium Illuvium has five different careers: Warrior, Guardian, Sorcerer, Thief, and Empath, with specific details of their differences yet to be released. When building a team, players should consider the synergies between careers and affinities, particularly when creating mixed careers for Sublimation. For example, a Berserker combines a Warrior Illuvial with a Thief Illuvial. You can also combine two of the same career to create an Illuvial with special abilities of that career.
Affinities in Illuvium Illuvium has five affinities:
Air, Nature, Fire, Water, and Earth. Depending on the affinity type, each Illuvial will deal and receive different levels of damage. For example, a Water Illuvial will deal extra damage to a Fire Illuvial but weaker damage to an Earth Illuvial. You can mix the five affinities of Sublimated Illuvials to form an affinity combination, such as Dust (Air and Earth) or Frost (Air and Water).
Other properties of Illuvium In addition to level and affinity, each Illuvial has other properties that determine its strength, health, speed, and damage. Your Illuvials will become stronger as they win more battles. You can also search for or purchase in-game items, or craft with components, to improve the specific attributes of certain Illuvials.
What is the Illuvium (ILV) token? Illuvium (ILV) is an ERC-20 token on the Ethereum blockchain that has various uses in the game and ecosystem. The price of ILV is determined by the success of the game and its utility in staking, and there are two different forms of tokens: ILV and sILV. The ILV reward vesting period is one year, but players can use sILV immediately in the game. The total supply of ILV and sILV is 3 million, so the supply is limited. As many users have staked their tokens, the circulating supply is even lower. ILV has three main uses:
- Players can earn ILV rewards based on their success and achievements in the game.
- Holders can stake ILV in the Illuvium Vault and earn rewards in ILV or sILV.
- Holders can participate in game governance through the Illuvium decentralized autonomous organization (DAO). The Illuvinati Council allows community collaboration to create proposals for game improvements and changes to governance.
As an ERC-20 token, users must pay Ethereum gas fees if they move ILV and sILV. As these fees can sometimes be expensive, it is not yet clear how they have successfully integrated ERC-20 transactions into the game and how affordable it is for everyone. You can find the latest market price and historical highs of Illuvium on Binance and Coinmarketcap.
How to stake Illuvium (LV) Users who stake ILV can earn rewards through two different methods:
- By staking ILV in the Illuvium Vault and earning staking rewards.
- By providing liquidity to the Illuvium liquidity pool on decentralized exchanges such as Uniswap or Sushiswap, and earning trading fees and IL
If you want to stake ILV, you must transfer ILV to an external wallet that can be connected to a DApp, such as Metamask or Binance Chain Wallet.
- Connect your wallet to the Illuvium staking DApp.
Next, we will proceed to the [Core Pool].
- Here, you can stake ILV or ILV/ETH liquidity pool (LP) tokens on SushiSwap. Click on [Stake] for the pool you want to join.
- Choose between [Flexible] or [Locked] pool. Locked pool allows you to double your rewards depending on the time you lock your stake (up to one year). Input the amount you want to stake, then click [Stake] to confirm.
- Additionally, you can also stake partner tokens on the Lightning pool to earn ILV and sILV rewards.
- When claiming your rewards, you can choose between ILV or sILV. As mentioned earlier, the system provides sILV rewards instantly, but you can only claim ILV rewards after one year.
Summary With the launch of the ILV cryptocurrency and the decentralized finance (DeFi) staking platform, Illuvium has garnered a lot of popularity, attraction, and trading volume. Since its release, the price of Illuvium has also shown steady growth. While the game mechanics are similar to other blockchain games such as "Axie Infinity," "Illuvium" seems to have a higher quality appearance, feel, and functionality. Will this game become one of the first AAA-level experiences with a substantial budget in the world of NFT games? We must wait patiently until the testing phase arrives in 2022 to find out.