Illuvium (ILV)

Hvad er Illuvium?

Illuvium (ILV) is the governance token for Illuvium, a blockchain-based role-playing and strategy game. The project was launched in 2021 and was co-founded by Kieran Warwick, Aaron Warwick, and Grant Warwick. The ILV token is central to the game's ecosystem, serving multiple functions for its holders. Its primary use cases include participating in the governance of the platform, earning rewards within the game, and staking to receive a share of in-game revenues. As a token in the gaming sector, Illuvium operates within the growing field of blockchain-based entertainment and decentralized game finance. It is categorized as both a gaming and a governance token.

Hvordan fungerer Illuvium?

As an ERC-20 token, Illuvium operates on the Ethereum blockchain, which uses a Proof-of-Stake consensus mechanism. In this system, validators are selected to create new blocks and confirm transactions based on the amount of cryptocurrency they have staked. This method is designed to maintain network security and ensure all participants agree on the shared ledger's state.

The primary participants in this ecosystem are validators, who are responsible for processing transactions and adding them to the blockchain. They stake their own assets to participate and are rewarded for correctly performing their duties. Network users submit transactions, like sending ILV, through nodes that propagate the information across the network.

When a transaction involving ILV is initiated, it is broadcast to the network and placed in a pool of pending transactions. Validators select transactions from this pool to include in a new block that is proposed to the network. Once other validators attest to the block's validity, it is permanently added to the Ethereum blockchain.

Anvendelsestilfælde for Illuvium

Illuvium-tokenomics

The tokenomics of Illuvium (ILV) are structured around its supply dynamics and distribution mechanisms within its gaming ecosystem. The current circulating supply of ILV is approximately 7.34 million tokens. The protocol does not have a defined maximum supply, which indicates that the total number of tokens can increase over time based on issuance rules set by the platform's governance. New tokens are introduced into circulation primarily through rewards for staking and in-game achievements. This model is designed to incentivize participation. The distribution of these rewards is managed by the Illuvium DAO, where ILV holders can vote on parameters that affect the token's supply schedule.

Illuvium' prisudvikling og milepæle

Illuvium (ILV) was introduced to the market in 2021, entering the growing sector of blockchain-based gaming. The token's price has experienced significant fluctuations since its launch, a common characteristic of digital assets. Its value is influenced by factors such as project developments, player adoption, and broader market trends. The token reached its all-time high of $2868.95 on May 29, 2021. Conversely, the recorded all-time low for ILV was $3.12, a value noted on June 6, 2026. These historical price points reflect the periods of highest and lowest valuation for the asset. According to market data, Illuvium holds a rank of 659 among cryptocurrencies.