Convert
Chilean peso (CLP) to Illuvium (ILV) Instantly
Purchase Illuvium (ILV) with Chilean peso (CLP) easily at Switchere and benefit from fast, secure transactions.
About
Illuvium (ILV)
Illuvium (ILV) is a decentralized gaming studio building an expansive, open-world RPG adventure and auto-battler game on the Ethereum blockchain. It aims to deliver a AAA-quality gaming experience combined with the benefits of blockchain technology, such as true digital asset ownership through NFTs. Illuvium leverages Immutable X, a Layer 2 scaling solution, to enable gas-free minting and trading of in-game assets, known as Illuvials, enhancing the player experience and economic viability within its decentralized network. This addresses the often-prohibitive transaction costs associated with on-chain gaming activities on Ethereum's mainnet.
The core technology combines stunning visuals with intricate gameplay mechanics where players explore, capture, and battle Illuvials. The ILV token serves multiple critical functions within this Web3 infrastructure. Primarily, it is a governance token, allowing holders to participate in the Illuvium DAO and vote on key proposals shaping the project's future. Additionally, ILV can be staked to earn rewards derived from in-game revenue distribution, aligning token holder incentives with the platform's success. This staking mechanism and its connection to the platform's tokenomics are central to its ecosystem, fostering long-term commitment. Illuvium is positioned as a pioneering force in the burgeoning play-to-earn and NFT gaming sectors, seeking to bridge traditional gaming quality with blockchain-enabled player economies.
How to Buy Illuvium (ILV)
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Frequently asked questions
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What is the most common process for buying Illuvium (ILV) with Chilean Pesos (CLP)?
Direct CLP to ILV trading pairs are rare. The standard method involves using a Chilean fiat on-ramp to buy a major cryptocurrency like Bitcoin (BTC) or a stablecoin (USDT) using payment methods like WebPay or bank transfer. After completing KYC/AML, you transfer this digital asset to a global cryptocurrency exchange that lists ILV, and then trade it for the Illuvium token. This multi-step process is common for accessing advanced GameFi assets. -
What is the function of the ILV token within the Illuvium play-to-earn ecosystem?
ILV is an ERC-20 token on the Ethereum blockchain that serves three core purposes in the Illuvium universe: 1) Governance, allowing holders to vote on proposals. 2) Staking, enabling users to lock their ILV to receive a share of in-game revenue from sources like the IlluviDex marketplace. 3) In-game rewards for achievements within the play-to-earn NFT creature battler game. It is central to the game's decentralized economy. -
How does Illuvium use Immutable X, and why is this relevant for ILV transactions?
Illuvium is built on Ethereum, which can have high gas fees. To solve this, it integrates with Immutable X, a Layer-2 scaling solution for NFTs. This allows for gas-free minting and trading of in-game NFTs on the IlluviDex. While your main ILV token transactions on major exchanges still incur standard network fees, the core play-to-earn loop involving NFT assets benefits from this Layer-2 scalability, making the ecosystem economically viable for players. -
Are there specific security practices to follow when storing ILV tokens acquired via CLP?
Yes. Once you acquire ILV, regardless of the initial fiat currency, secure storage is critical. Best practice is to move your ILV from the cryptocurrency exchange to a non-custodial digital wallet where you control the private keys. For significant amounts, a hardware wallet is highly recommended. Always enable two-factor authentication (2FA) on your exchange accounts and be vigilant against phishing scams asking for your wallet's seed phrase. -
What are the typical fees when using Chilean Pesos to ultimately purchase ILV tokens?
The total cost involves multiple stages. First, there's a deposit or purchase fee on the Chilean fiat gateway (e.g., a percentage for using WebPay). Second, a trading fee for the CLP to BTC/USDT transaction. Third, a network withdrawal fee to move the BTC/USDT to the global exchange. Fourth, another trading fee on the global exchange for the BTC/USDT to ILV trade. Finally, an Ethereum network gas fee if you withdraw your ILV to a private wallet. Each step adds to the total cost.