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The live price of Illuvium (ILV) today is 119.12 USD, and with the current circulating supply of Illuvium at 3,767,377.30 ILV, its market capitalization stands at 448,771,178 USD. In the last 24 hours ILV price has moved ? USD or 0.00% while ? USD worth of ILV has been traded on various exchanges. The current valuation of ILV puts it at #166 in cryptocurrency rankings based on market capitalization.
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Illuvium (ILV) is an open-world fantasy battle game built on the Ethereum blockchain. It combines the exciting elements of role-playing games (RPGs) with the strategic planning of auto battlers. As a decentralized game, Illuvium offers players full ownership of their in-game assets, which they can trade or sell on the open market. The native token of the game, ILV, is used for governance and yield farming.
Illuvium operates on the Ethereum blockchain, which uses a Proof-of-Stake (PoS) consensus mechanism. This mechanism allows for faster, more secure transactions and is more energy-efficient compared to the traditional Proof-of-Work (PoW) mechanism.
Illuvium is built on Ethereum, the world's leading programmable blockchain. It leverages Ethereum's smart contract technology to enable transparent and verifiable ownership of in-game assets.
Illuvium is built on Immutable X, a layer-2 scaling solution for Ethereum. This allows for gas-free transactions and can handle over 9,000 transactions per second, providing a smooth gaming experience.
As a blockchain-based game, Illuvium offers robust security. The use of smart contracts ensures that all transactions are transparent and immutable.
While transactions on the blockchain are transparent, the identity of the players remains private. This ensures a secure gaming environment where players can trade assets without revealing their personal information.
Illuvium is a fully decentralized game. This means that players have full control over their in-game assets and can freely trade them on the open market.
The Illuvium team is led by Kieran and Aaron Warwick, the brothers of Kain Warwick, the founder of Synthetix. The game operates under a decentralized autonomous organization (DAO) model, where ILV token holders can vote on various proposals.
Illuvium is not just a game, but a platform where players can earn real-world value. Players can earn ILV tokens by playing the game and participating in the governance of the platform. This could potentially disrupt the traditional gaming industry by providing players with a new way to earn income.
ILV tokens can be purchased on various cryptocurrency exchanges such as Binance, Sushiswap, and Uniswap. Users can also earn ILV tokens by playing the game and participating in yield farming.
ILV tokens can be stored in any wallet that supports ERC-20 tokens, such as MetaMask, Trust Wallet, and Ledger.
Illuvium has partnered with various organizations in the blockchain space, including Immutable X, Sushiswap, and YGGDRASH.
The Illuvium team has a detailed roadmap that includes the launch of the main game, the introduction of new characters, and the expansion of the game world.
Like any blockchain project, Illuvium faces potential risks and challenges. These include the volatility of the cryptocurrency market, potential technical issues, and regulatory uncertainties.
Illuvium has a vibrant community of players and supporters. The community is active on various social media platforms, including Discord, Twitter, and Reddit.
As a blockchain-based game, Illuvium complies with all relevant regulations. The team is committed to providing a safe and fair gaming environment for all players.
In conclusion, Illuvium is a groundbreaking project that combines the thrill of gaming with the potential of blockchain technology. With its unique features and strong community, Illuvium is poised to make a significant impact in the blockchain gaming industry.