Abstract

Illuvium is an upcoming blockchain game set as a role-playing game (RPG) in an open world. Players collect creatures called "Illuvials", each of which corresponds to a different profession and affinity. Divine beasts are divided into five professions and five affinities, with different advantages and disadvantages. As you defeat other players in battles and complete quests, the beasts become more powerful.

Illuvium has launched two ERC-20 altcoin projects in Ethereum: ILV (Illuvium) and sILV. Token holders can use ILV for liquidity mining, participate in governance, and earn rewards. You need to wait for a lock-up period to receive ILV rewards, while sILV can be used immediately in the game.

In addition, Illuvium uses NFT to represent each mythical beast and in-game item, which can also be traded on the external NFT market. To earn ILV and sILV, you can purchase this token on Binance and then stake it on Illuvium’s staking platform. You can also pledge partner tokens to the corresponding flash battery to earn ILV.

Introduction

In recent years, the application of blockchain technology in games has exploded. However, we've yet to see a blockbuster game with a big budget and a lot of polish. Illuvium is committed to creating a high-end blockchain gaming experience and actively exploring the metaverse and earn-while-playing models. How exactly does it do this, and does the deep gameplay it advertises deliver?

How does Illuvium work?

Illuvium is built on Ethereum and is set as an RPG blockchain game in an open world. It is expected to be released in 2022. Players travel in a fantasy world, defeating and capturing creatures called "mythical beasts". Captured mythical beasts will be added to your personal collection. Release mythical beasts to battle against other players as you explore, complete challenges, or immerse yourself in Illuvium's story.

Illuvium has also launched exclusive tokens - ILV and sILV, as well as non-fungible tokens (NFT) representing creatures, skin upgrades and functional items. The game also has an earn-while-playing feature, where players earn ILV token rewards by completing challenges, exploring and fighting.

How to participate in Illuvium?

At the time of writing, Illuvium is still in development and is expected to be released in 2022. After creating an account, the game client can be downloaded via the desktop application. There is also a free game mode and a premium subscription version.

The core mechanism of the Illuvium project is to collect and customize personal NFT beasts. The mythical beasts in the game all have related affinities and professions. More powerful mythical beasts can even blend professions with affinities. During battle, you can earn rewards by using a mythical beast with the same affinity as your profession. This is called creating synergy and provides tactical options for using and collecting mythical beasts. After reaching a certain level, players can also fuse their mythical beasts to create new, more powerful mythical beasts.

To catch the mythical beast, you need to put a "piece" into it. Facing powerful mythical beasts, powerful "shards" must be used to capture them successfully. After a mythical beast is injured, it will slowly recover in "fragments". To speed up recovery, you can pay a fee or use items. Some mythical beasts are even rarer, radiating light, and have golden or holographic appearances.

Illuvium’s professions

Illuvium is divided into five different professions: warrior, guardian, thief, and psychic Warlocks and empaths. The exact details of the differences between professions have not yet been announced. When forming a team, players should consider the synergy between profession and affinity, which is also the focus of building an "ascension" hybrid profession. For example, the killer is derived from the fusion of the warrior beast and the thief beast. You can also combine two mythical beasts with the same profession into one to form a mythical beast with super professional skills.

Illuvium's affinity

Illuvium has five affinities: air, nature, fire, water and earth. Each beast damages the other and takes damage based on affinity type. For example, a water beast might do extra damage to a fire beast, but its damage to an earth beast is weak. You can blend the five affinities in the Ascendant Beast to create an affinity set, such as Dust (air and earth) or Frost (air and water).

Other attributes of Illuvium

In addition to profession and affinity, each mythical beast also has other attributes. Determines its strength, health, speed and lethality. The more battles you win, the more powerful the beast becomes. You can also use in-game items to optimize the characteristics of certain mythical beasts. These items can be obtained through exploration, purchase, or crafted using handmade materials.

What is the Illuvium (ILV) token?

Illuvium (ILV) is an ERC-20 token on the Ethereum blockchain that has a variety of uses in games and ecosystems. The price of ILV is determined by a combination of factors, closely related to players’ predictions of the game’s success and the utility of the token in staking. The token comes in two different forms: ILV and sILV. ILV rewards have a one-year lock-up period, while sILV can be used immediately in the game. There are only 3 million ILV and sILV in total, and the total supply is limited. As users continue to stake tokens, the circulating supply will continue to decrease. ILV has three main uses:

1. Players can earn ILV token rewards when they achieve success and achievements while playing games.

2. Holders can pledge ILV in the Illuvium income pool. Stakers receive ILV or sILV rewards.

3. Holders participate in game governance through the Illuvium Decentralized Autonomous Organization (DAO). The Illuvinati Committee supports community cooperation in drafting game improvement proposals and making optimization suggestions for the governance model.

When users transfer the two ERC-20 tokens ILV and sILV, they must pay Ethereum gas fees. These fees are sometimes very high, and game developers have yet to find a solution to implement ERC-20 transactions into their games while allowing players to afford the financial costs. You can check Illuvium’s latest market price and all-time high on Binance and CoinMarketCap.

How to buy Illuvium (ILV)

Buying Illuvium is easy on the Binance cryptocurrency exchange. First, you need to register a Binance account and complete the identity verification (KYC) and anti-money laundering (AML) processes. After registering and logging in to your account, you need to complete the following steps:

1. Move the mouse to the [Trading] tab and select [Classic] or [Advanced] trading view.

2. Hover the mouse over the trading pair, search for "ILV", and select the appropriate trading pair. In this example, we use [ILV/BUSD].

3. Enter the purchase amount and select the order type. Using a market order is the easiest and fastest way to buy ILV. Please check the order details before clicking [Buy ILV].

How to stake IIlluvium (LV)

Users who stake ILV can Earn rewards in two different ways:

1. Obtain ILV or sILV through liquidity mining. ILV rewards are locked for 12 months, but users can choose to earn sILV, a token that can be used immediately in the game.

2. Obtained through income sharing. The Ethereum spent by players in Illuvium is used to repurchase ILV and then distributed to staking users. This mechanic will be live when the game launches.

If you need to stake ILV, you must transfer it to an external wallet that can be associated with DApp (such as Metamask or Binance Chain wallet).

1. Associate the wallet to the Illuvium staking DApp.

2. Next, visit [Core Pool].

3. You can pledge ILV or ILV/ETH Liquidity Pool (LP) tokens transferred from SushiSwap here. currency. Select the target staking pool and click [Stake] on it.

4. Select [current] or [term] pool. Depending on the lock-up and pledge time (up to one year), the periodic pool can double the reward at most. Enter the pledge amount and click [Pledge] to confirm the operation.

5. In addition, you can stake partner tokens on flash batteries to earn ILV and sILV rewards.

6. You can choose to receive rewards in the form of ILV or sILV. As mentioned above, sILV rewards are available immediately, but ILV rewards can only be claimed after one year.

Summary

With ILV cryptocurrency and decentralized finance (DeFi) staking platforms have been launched one after another, and the Illuvium platform has become a hot topic. It has achieved some success and its transaction volume has also increased. Illuvium's price has also shown healthy growth since its release. Although the game mechanics are similar to other blockchain games such as Axie Infinity, Illuvium's appearance, experience and functions seem to be superior. Looking at the world of NFT games, can Illuvium become the first high-budget masterpiece to create a 3A-level gaming experience? We might as well wait and see, the answer will be revealed during the testing phase in 2022.