About Illuvium (ILV)
Illuvium is an open-world, role-playing, NFT creature collector "play-to-earn" game running on the Ethereum blockchain. To power its economy, Illuvium uses its native ERC-20 token, $ILV. The live price of ILV token is live-tracked on Binance.
The game enables players to battle and collect different NFT characters called Illuvials, each corresponding to different classes and affinities. There are five classes and five affinities, with varying strengths and weaknesses. Illuviums become more powerful as players defeat other players in matchmaking and complete quests.
Illuvium states that players can earn crypto in the form of ILV tokens as in-game rewards through playing, completing Player-versus-Environment quests, performing special achievements, and winning prizes in tournaments and events. Additionally, ILV token holders are able to stake their tokens to purportedly earn rewards from the network. Illuvium price is said to be affected by activities in the game, across all players.
The game features its own marketplace where players can buy in-game items such as modifications to various elements of the game, like drones or weapons, Illuvial enhancements and revival, travel items, and more. Despite ILV serving as the game's native currency, items in the marketplace are purchased in ETH, with fees all going to the Illuvium vault.
Users holding ILV can participate in DAO governance of the game, where each token holder can vote to elect a community member to take up a council seat in the Illuvinati Council. Illuvinati Council is made up of candidates who are elected by $ILV token owners, allowing community representatives to have a voice in technical decisions while also preventing major $ILV holders from unfairly influencing the result of proposals.
Illuvium is partnered with IOSG Ventures, LD Capital, YBB Foundation, Delphi Digital, Yield Guild Games, and more. The live price of Illuvium is available and updated in real time on Binance.