Illuvium is a Pokemon-style fantasy RPG game built on Immutable-X, a Layer-2 solution for the Ethereum blockchain. ILV is the ticker of the native ERC-20 token of Illuvium’s ecosystem.
Players can explore a fantasy landscape in the game while hunting dangerous beasts and participating in battles. The gameplay involves capturing mystical creatures called Illuvials using in-game items called shards. Successfully capturing Illuvials depends on the quality of your shards. Captured Illuvials can then be fused to produce even more powerful beasts.
The governance of this protocol is decentralized and controlled by holders of ILV. Therefore, changes in the protocol proposed by the community members must reach a supermajority to be implemented. Elected members of the Illuvinati Council govern this process.
ILV has several use cases inside the Illuvium ecosystem, including player rewards for unlocking achievements, buying in-game items and voting. ILV holders can also stake the token to access its liquidity mining program before the game's launch.
ILV price and tokenomics
ILV has a maximum supply of 10 million tokens. Five hundred thousand tokens were distributed through a pre-seed sale to core contributors at $1 per token.
On Jan. 15, 2021, a further 1.5 million tokens were distributed via the main seed sale at an ILV price of $3. A total of 3 million tokens are allocated to yield-farming pools.
About the founders
Kieran Warwick and Aaron Warwick are the cofounders of Illuvium. Kieran Warwick is said to be involved with one of the world's first OTC cryptocurrency exchanges, while Aaron Warwick owns and directs two major sporting complexes in Australia.
Apart from the cofounders, the protocol has several noteworthy partners, such as IOSG Ventures, Delphi Digital and LD Capital, and private investors like Stani Kulechov, founder of Aave, Danish Chaudhry, CEO of Bitcoin.com, Sebastien Borget, founder of SandBox and many more.
