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Illuvium

Illuvium Performance

Live ILV/INR Price

₹445

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4.91%

Price Changes

₹21.8495

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4.91%

24h Low

₹445

24h High

₹468

What is Illuvium?

Illuvium is a blockchain-based game built on Ethereum that leverages the Immutable X blockchain and its Layer-2 scaling technology. Illuvium leverages a decentralized governance structure that is built to benefit from the ecosystem’s ILV token and the Illuvium decentralized autonomous organization (DAO).

Who founded Illuvium?

The Illuvium crypto project was launched in late 2020. Its co-founders are brothers Aaron Warwick and Kieran Warwick.

Primary features of Illuvium

1. Illuvium is built on the Ethereum blockchain.

2. Illuvium is an open-world game developed on Unreal Engine 4.

3. Illuvium allows users to browse non-fungible tokens via the Illuvium website and purchase them on the OpenSea collectible marketplace.

4. Illuvium is considered the first AAA blockchain-based video game.

Is Illuvium a promising cryptocurrency?

On December 1, 2022, Illuvium leaked examples of its upcoming merchandise, hinting that the platform is expanding beyond the gaming and blockchain sectors as it continues to see a growing fanbase.

If you are looking to buy ILV, you can check out third-party cryptocurrency exchanges like CoinSwitch.

How do I use Illuvium?

1. Governance: ILV holders govern and maintain the protocol via Illuvinati Council.

2. Staking: Holders of the ILV token can stake their tokens to earn rewards from the network.

3. Yield farming platform: Users can stake their tokens and receive ILV or sILV tokens in return.

Pros & Cons of Illuvium

Pros

• Easy to use.

• Open enrollment.

• Zero gas fees.

• Earn to play.

Cons

• Highly volatile.

• High competition.

• Complexity.

• Uncertain regulatory environment.

Illuvium on CoinSwitch

1. You can invest and trade ILV for just ₹100.

2. Trade ILV at a nominal fee.

3. Easily manage your transactions and your portfolio.

Illuvium ICO summary

Illuvium has raised a total of $15,000,000 to date, but Illuvium’s current valuation has not been disclosed.

FAQ's on Illuvium

1. When was Illuvium coin launched?

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The Illuvium coin (ILV) was launched on April 1, 2021.

2. How does Illuvium coin cryptocurrency work?

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Illuvium coin (ILV) powers a blockchain-based game where players collect and battle NFT creatures called Illuvials. It operates on the Ethereum blockchain, offering true ownership of in-game assets, and includes staking for rewards. The game uses Immutable X for efficient transactions

3. How Many Illuvium coin Are There?

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The circulating supply of Illuvium (ILV) is approximately 4.4 million coins, while some sources report it as 6.6 million coins.

4. How to invest in Illuvium coin cryptocurrency?

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You can invest in Illuvium coins using the CoinSwitch app.

Highlight

Illuvium is a blockchain game with a play-to-earn structure wherein users can earn in-game rewards in ILV tokens by engaging in competitions and quests.

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Illuvium Price Statistics

ILV Price Today

ILV Price

₹445

Price Change 24h

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4.91%

Price Change 7d

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5.88%

Market Rank

#545

Market Cap

₹324 Cr.

Trade Vol 24h

59 Cr

Circulating Supply

73,39,730 ILV

Trading Activity

67% Buy33% Sell

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.