Summary

Illuvium is an upcoming blockchain game set in an open world role-playing game (RPG). Players collect creatures called "Illuvials", each of which corresponds to a different profession and affinity. The Illuvials are divided into five professions and five affinities, with different strengths and weaknesses. As you defeat other players in battle and complete exploration missions, the Illuvials will become more powerful.

Illuvium has launched two ERC-20 altcoin projects on Ethereum: ILV (Illuvium) and sILV. Token holders can use ILV for liquidity mining, participate in governance, and earn rewards. There is a lock-up period before claiming ILV rewards, while sILV can be used immediately in the game.

In addition, Illuvium uses NFTs to represent each mythical beast and in-game item, which can also be traded on external NFT markets. To earn ILV and sILV, you can buy these tokens on Binance and then stake them on Illuvium's staking platform. You can also stake partner tokens on the corresponding lightning battery to earn ILV.

Introduction

In recent years, the use of blockchain technology in games has exploded. However, we have yet to see blockbuster games with big budgets and a desire to be as polished as possible. Illuvium promises to create a high-end blockchain gaming experience, actively exploring the metaverse and earning while playing. How exactly does it do this, and can the deep gameplay it advertises be realized?

How does Illuvium work?

Illuvium is built on Ethereum and is set as an open-world RPG blockchain game, scheduled to be released in 2022. Players travel through a fantasy world, defeating and capturing creatures called "Mythical Beasts". Captured Mythical Beasts are added to their personal collection. While exploring, completing challenges, or immersing yourself in Illuvium's story, Mythical Beasts can be released to fight other players.

Illuvium also launched its own tokens, ILV and sILV, as well as non-fungible tokens (NFTs) representing creatures, skin upgrades, and functional items. The game also has a play-and-earn feature, where players can earn ILV token rewards by completing challenges, exploring, and fighting.

How to participate in Illuvium?

At the time of writing, Illuvium is still in development and is expected to be released in 2022. Once you have created an account, you can download the game client via the desktop application. There is also a free-to-play mode and a premium subscription version.

The core mechanic of the Illuvium project is to collect and customize your own NFT beasts. The beasts in the game have related affinities and professions. More powerful beasts can even combine professions with affinities. When fighting, you can earn rewards by using beasts with the same affinity as your profession. This is called creating synergies, which provides tactical options for using and collecting beasts. After reaching a certain level, players can also fuse their beasts to create new, more powerful beasts.

To catch a beast, you need to place it in a "shard". For powerful beasts, you must use powerful "shards" to successfully capture them. When a beast is injured, it will slowly recover in the "shard". To speed up the recovery, you can pay a fee or use an item. Some beasts are rarer, glowing, golden or holographic.

Careers in Illuvium

Illuvium is divided into five different classes: Warrior, Guardian, Rogue, Psion, and Empath. The exact details of the differences between the different classes have not yet been announced. When forming a team, players should consider the synergy between the class and affinity, which is also the focus of building "sublimated" hybrid classes. For example, the Slayer is the fusion of the Warrior Divine Beast and the Rogue Divine Beast. You can also combine two Divine Beasts of the same class into one, forming a Divine Beast with super professional skills.

Illuvium's Affinity

There are five affinities in Illuvium: Air, Nature, Fire, Water, and Earth. Each beast damages and takes damage from each other based on its affinity type. For example, a water beast might do extra damage to a fire beast, but be weak to an earth beast. You can blend the five affinities in an Ascended Beast to create an affinity combination, such as Dust (air and earth) or Frost (air and water).

Other Properties of Illuvium

In addition to class and affinity, each beast has other attributes that determine its strength, health, speed, and lethality. The more battles you win, the more powerful the beast becomes. You can also use in-game items to improve certain beast characteristics, which can be obtained through exploration, purchase, or crafted using crafting materials.

What is the Illuvium (ILV) token?

Illuvium (ILV) is an ERC-20 token on the Ethereum blockchain that has a variety of uses in games and the ecosystem. The price of ILV is determined by a combination of factors, tied to players' predictions of the game's success and the token's utility in staking. The token comes in two different forms: ILV and sILV. ILV rewards have a one-year lockup period, while sILV can be used immediately in-game. There is only a limited total supply of 3 million ILV and sILV. As users continue to stake tokens, the circulating supply will continue to decline. ILV has three main uses:

1. Players can earn ILV token rewards by achieving success and accomplishments while playing games.

2. Holders can stake ILV in the Illuvium yield pool. Stakers receive ILV or sILV rewards.

3. Holders participate in game governance through the Illuvium Decentralized Autonomous Organization (DAO). The Illuvinati Committee supports community collaboration in drafting game improvement proposals and makes optimization suggestions for the governance model.

When users transfer ILV and sILV, two ERC-20 tokens, they must pay Ethereum gas fees. These fees can be very high, and game developers have yet to find a solution to implement ERC-20 transactions in games while making the cost affordable for players. You can check the latest market price and all-time high of Illuvium on Binance and CoinMarketCap.

How to Buy Illuvium (ILV)

You can easily buy Illuvium on the Binance cryptocurrency exchange. First, you need to register a Binance account and complete the identity verification (KYC) and anti-money laundering (AML) process. After registering and logging into your account, you need to complete the following steps:

1. Move your mouse to the [Trading] tab and select [Classic] or [Advanced] trading view.

2. Hover your mouse over the trading pair, search for "ILV", and select the appropriate trading pair. In this example, we use [ILV/BUSD].

3. Enter the buy amount and select the order type. Using a market order is the easiest and quickest way to buy ILV. Please check the order details before clicking [Buy ILV].

How to stake IIlluvium (LV)

Users who stake ILV can earn rewards in two different ways:

1. Earn ILV or sILV through liquidity mining. ILV rewards are locked for 12 months, but users can choose to earn sILV, which can be used immediately in the game.

2. Obtain through revenue sharing. The ether spent by players in Illuvium is used to repurchase ILV, which is then distributed to pledged users. This mechanism will be launched when the game is released.

To stake ILV, you must transfer it to an external wallet (such as Metamask or Binance Chain wallet) that can be linked to the DApp.

1. Link your wallet to the Illuvium staking DApp.

2. Next, visit [Core Pool].

3. You can stake ILV or ILV/ETH liquidity pool (LP) tokens transferred from SushiSwap. Select the target staking pool and click [Stake] on it.

4. Select [Current] or [Regular] pool. Depending on the lock-up period (up to one year), the regular pool can double the reward. Enter the stake amount and click [Stake] to confirm the operation.

5. In addition, you can stake partner tokens on the Flash Battery to earn ILV and sILV rewards.

6. You can choose to receive rewards in the form of ILV or sILV. As mentioned above, sILV rewards are immediately credited to your account, but ILV rewards can only be received after one year.

Summarize

With the advent of the ILV cryptocurrency and decentralized finance (DeFi) staking platform, the Illuvium platform has become a hot topic and has achieved some success, with increased trading volume. Since its release, the price of Illuvium has also shown a healthy growth trend. Although the game mechanics are similar to other blockchain games such as Axie Infinity, Illuvium's look, feel and functionality seem to be better. Looking at the world of NFT games, can Illuvium become the first high-budget blockbuster to create a AAA gaming experience? We might as well wait and see, the answer will be revealed during the testing phase in 2022.