Convert
Israeli New Shekel (ILS) to Illuvium (ILV) Instantly
Purchase Illuvium (ILV) with Israeli New Shekel (ILS) 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 ILS/ILV trading pair and what does it represent?
The ILS/ILV pair represents a direct fiat on-ramp, allowing users to purchase Illuvium (ILV), the governance and utility token of the Illuvium blockchain game, using the Israeli New Shekel (ILS). This pair is significant for Israeli users wanting direct entry into the Illuvium ecosystem, which is built on Ethereum and utilizes the Immutable X Layer-2 solution for gas-free NFT trading of its 'Illuvials'. -
What are the common methods to purchase ILV with ILS?
To buy ILV with ILS, you typically need to use a cryptocurrency exchange that supports Israeli Shekel deposits. The process involves completing KYC/AML compliance, linking an Israeli bank account for a wire transfer or using a local credit/debit card. Once your ILS account is funded, you can execute a buy order on the ILS/ILV order book to acquire the digital asset. -
What is the utility of the ILV token within the Illuvium ecosystem?
The ILV token has three core functions in the play-to-earn game. First, it serves as a governance token, allowing holders to vote on proposals through the Illuvium DAO. Second, it can be staked to earn a share of in-game revenues (revenue distribution). Third, it's used for certain in-game transactions and activities within the Illuvium universe, which includes titles like Arena, Overworld, and Zero. -
Why does Illuvium use Immutable X, and how does this affect ILV transactions?
Illuvium uses Immutable X, a Layer-2 scaling solution, to enable zero gas fees and instant transaction finality for minting and trading NFTs (Illuvials) on its marketplace, the IlluviDEX. While the core ILV token is an ERC-20 on the Ethereum mainnet, this Layer-2 integration is crucial for a seamless gaming experience, as frequent in-game asset trades would be prohibitively expensive with mainnet gas fees. -
After buying ILV with ILS, what is the best way to secure my tokens?
For secure trading and long-term holding, it is highly recommended to move your ILV tokens from the cryptocurrency exchange to a self-custody digital wallet. A hardware wallet offers the highest level of security, while a software wallet like MetaMask provides a good balance of security and usability for interacting with the Illuvium staking platform and DAO.