Convert
Thai Baht (THB) to Illuvium (ILV) Instantly
Purchase Illuvium (ILV) with Thai Baht (THB) 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 primary method for purchasing Illuvium (ILV) with Thai Baht (THB)?
The primary method is through a Thai-regulated cryptocurrency exchange that lists the ILV token. These platforms act as a fiat on-ramp, allowing you to deposit THB via local methods like Thai bank transfers or QR code payments (PromptPay). After completing the required KYC/AML compliance checks, you can execute a trade on the THB/ILV order book to acquire this digital asset for the Illuvium decentralized gaming ecosystem. -
Why is the THB/ILV pair significant for gamers in Thailand?
This pair offers a direct pathway for Thai residents to enter the Illuvium play-to-earn ecosystem. It eliminates the need to first convert THB into a major cryptocurrency like BTC or ETH, streamlining the process. This allows gamers to directly fund their accounts to purchase NFT creatures (Illuvials) on the IlluviDEX or participate in ILV staking for governance rights and yield, connecting their local currency directly to the game's Unreal Engine 5-powered economy. -
What are the typical transaction fees when converting THB to ILV?
Transaction costs involve two main parts. First, the fiat on-ramp may charge a small deposit fee for THB bank transfers. Second, and more significantly, the cryptocurrency exchange will charge a trading fee for executing the THB-to-ILV trade, typically a small percentage of the transaction value (e.g., 0.1% - 0.25%). Finally, when you withdraw your ILV to a personal digital wallet for staking or use on the IlluviDEX, there will be a network withdrawal fee, which is determined by the Ethereum network's gas prices at that moment. -
How does ILV staking work after acquiring the tokens with THB?
After purchasing ILV on an exchange with THB, you must withdraw them to a compatible non-custodial digital wallet (like MetaMask). From there, you connect your wallet to the official Illuvium staking dashboard. You can then lock your ILV tokens in a smart contract to earn rewards. These rewards can be claimed as either more ILV (governance token) or as sILV2, an in-game currency token used for transactions like travel and cosmetics, providing utility within the Illuvium Overworld. -
Are there security best practices for storing ILV tokens bought with Thai Baht?
Absolutely. While keeping ILV on a regulated exchange is convenient for short-term trading, for long-term holding or engaging in ILV staking, it is highly recommended to transfer your digital assets to a non-custodial wallet where you control the private keys. For maximum security, a hardware wallet is the gold standard. Always enable two-factor authentication (2FA) on your exchange account, be wary of phishing attacks, and never share your private keys or seed phrase with anyone.