ILV Illuvium

Illuvium Use Cases

Illuvium is a blockchain-based game that offers several use cases for its tokens and ecosystem:

• In-Game Rewards: Players are rewarded with ILV tokens for completing quests, participating in competitions, and achieving various milestones within the game. This enhances the gameplay experience and encourages active participation.

• Staking and Governance: ILV token holders can stake their tokens to receive rewards in the form of ILV or sILV. Staking also grants voting rights in the Illuvium DAO, allowing holders to influence game features and economic parameters.

• NFT Trading: Illuvium incorporates NFTs to represent in-game items and creatures (Illuvials), which can be traded on external marketplaces or within the game's marketplace, IlluviDEX.

• Revenue Distribution: 100% of in-game revenues are distributed to ILV token holders who stake their tokens, providing a direct benefit from the game's success.

• Interoperability: The game allows for the transfer of assets between different games within the Illuvium universe, enhancing the overall gaming experience.

• Economic Model: The game's tokenomics model is designed to support decentralized ownership and staking rewards, with mechanisms like fusing and bonding curves to drive the scarcity and value of Illuvials.

• Layer-2 Scaling: Illuvium uses Immutable X's Layer-2 scaling technology to provide fast transactions and zero gas fees, enhancing the gaming experience.

Token Types

• ILV: An ERC-20 token used for governance, staking, and receiving rewards.
• sILV: A token that can be used immediately within the game, unlike ILV which has a vesting period.

Marketplace

• IlluviDEX: The game's marketplace where players can buy, sell, and trade in-game NFTs, including Illuvials, weapons, armor, and skins.

Gameplay

• 3D Open World: Players explore a 3D open world to capture and collect Illuvials, which can be used for battling and trading.
• Play-to-Earn: The game rewards players with ILV tokens for participating in competitions and completing quests.

Development

• Development Team: A team of over 75 individuals with extensive experience in gaming and blockchain technology.
• Partnerships: Collaborations with decentralized exchanges and Immutable X to enhance the gaming experience and scalability.

Pros of Illuvium

• Innovative Gameplay: Illuvium combines elements of open-world exploration and auto-battler games, offering a unique gaming experience with 3D state-of-the-art characters and real-time character-focused gameplay.
• Play-to-Earn Structure: Players can earn in-game rewards in ILV tokens by participating in competitions, completing quests, and capturing Illuvials, which can be traded on the in-game marketplace, Illuvidex.
• Zero Gas Fees: Illuvium uses Immutable X, a Layer-2 scaling solution, to provide fast transactions and zero gas fees, enhancing the gaming experience.
• Decentralized Governance: The game features a decentralized governance structure powered by the ILV token, allowing holders to propose protocol improvements and elect members to the Illuvinati Council.
• NFT Ownership: Players can own and trade unique NFTs, including Illuvials and other game items, which can be used in battles and traded on external platforms like OpenSea.

Cons of Illuvium

• Complexity: The game's mechanics and token economy can be complex for new players, requiring a learning curve to understand the various NFTs, staking, and governance aspects.
• Limited Accessibility: Initially, the game will not be available on mobile devices, limiting accessibility for some players, though a modified mobile version and console versions are planned.
• Dependence on Ethereum: As a blockchain game built on Ethereum, Illuvium's performance and security are dependent on the Ethereum network, which can be subject to congestion and high gas fees, though the use of Immutable X mitigates these issues.
• Staking Lockup: ILV rewards earned through staking are locked for a year before they can be withdrawn, unless converted to sILV, which can be used in-game but not withdrawn.
• Market Volatility: The value of ILV tokens can be volatile, affecting the in-game economy and the value of NFTs traded on the Illuvidex.

Founders of Illuvium

The founders of Illuvium are:

• Kieran Warwick: Co-founder and a key figure in shaping the strategic direction and integrating blockchain technology into the game.
• Aaron Warwick: Co-founder and a game designer and CGI modeler, contributing to the game's development and design aspects.

Investors in Illuvium

• Key Investors: Illuvium has secured funding from several major institutional investors, including King River Capital, Arrington Capital, Animoca Brands, and Spartan Group.
• Additional Investors: Other investors participating in the funding rounds include GoldenChain, Arca, Seven Capital, and P2 Ventures.
• Total Funding: The company has raised a total of $60 million in funding to date, with the latest Series A round securing $12 million.
• Investment Purpose: The funding is aimed at supporting the development and launch of Illuvium's interoperable gaming ecosystem, which includes multiple blockchain-based games.

Halal Status of Illuvium

• Halal Status: Yes
• Reason: Illuvium is considered halal because it is a blockchain-based game that combines NFT collecting and auto-battler gameplay mechanics, built on the Ethereum network, and does not involve any activities prohibited by Islamic law.