Difference between revisions of "Illuvium (ILV)"

Illuvium
Type	NFT RPG game
Consensus mechanism	Immutable X
Total supply	10,000,000
Website	https://www.illuvium.io/

Latest revision as of 06:31, 12 March 2023

From EthHub (4-1-2021):

"Illuvium is a decentralized, NFT collection and auto battler game built on the Ethereum network. Integrated with the hyper-scalable Immutable-X L2 solution, players of Illuvium gain access to zero gas fees for minting or exchanging of assets as well as sub-second transaction times, all with user maintained custody."

Basics

Started in / Announced on:
Mainnet release: After several development delays, the Ethereum-based MMORPG finally launched its Overworlds Private Beta on Dec. 12;

"When asked about his plans for Illuvium’s move out of beta, Kieran shared that it would probably take around three months — slating the release of future iterations of the game for early 2023."

Based in:

History

Founded by Kain Warwick’s brothers Aaron and Kieran Warwick.
From Cointelegraph (3-2023):

"Illuvium co-founder Kieran Warwick has been working alongside his brother and Synthetix creator Kain Warwick for quite some time now. Having been exposed to Bitcoin and Ethereum early on, Kieran invested a considerable chunk of his savings in ETH in 2016.

When investing didn’t pan out, Kieran thought he was done with crypto and focused on other endeavors. He joined Blueshyft, where he started the first over-the-counter cryptocurrency exchange and later helped The Burger Collective succeed.

Kieran’s assets took a hit during the height of the COVID-19 pandemic, so Kain encouraged him to dabble in cryptocurrency again — and lent him $100,000 to do so. Kieran started trading right before the bull run and made a lot of money.

Around this time, he discovered NFT gaming and started ideating Illuvium with Kain and two other brothers working in tech, Aaron and Grant. Aaron was a game designer, and Grant was a CGI modeler, so things fell into place for the team."

Audits & Exploits

Bug bounty program can be found [insert here].
Illuvium has been audited (3-1-2022).

Bugs/Exploits

From Blockthreat (4-2-2022):

"On January 3rd, 2022 Illuvium discovered an actively exploited unlimited minting vulnerability which resulted in the loss of $1.25M."

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token allocation

From their blog (17-2-2021):

Pre Seed - 500.000
Seed - 1.500.000
Team - 1.500.000
Treasury - 1.500.000
Launchpad - 1.000.000
Yield - 4.000.000

Utility

Governance token (3-1-2022).

Token Details

Stablecoin

Technology

Whitepaper can be found [insert here].
Code can be viewed [insert here].

Implementations

Built on: Ethereum & Immutable-X

How it works

From Cointelegraph (3-2023):

"Players explore futuristic game environments and capture NFT creatures called “Illuvials.” They can also go on quests, purchase in-game items and trade NFTs. Enhancements, such as using a teleporter or jetpack to move around the sci-fi-inspired metaverse, are set to be added following the Beta launch. Resources for mining and scanning were not available upon launch."

Fees

Upgrades

Staking

From Yield Farmer (3-1-2022):

"Illuvium stakers must vest their rewards for 12 months before they can freely claim them."

From their blog (17-2-2021):

"All in-game purchases and fees are sent to the Vault. Periodically, the Vault distributes this revenue to staked token holders by purchasing an equivalent value of $ILV automatically from the $ILV/ETH Uniswap V2 pool. Participants in both the $ILV / ETH and $ILV staking pools are given equal weighting for the purposes of Vault distributions."

Liquidity Mining

From their blog (17-2-2021):

"Yield farming is set to take 3 years with a significant majority of the coins distributed in the first two."

Scaling

Interoperability

Other Details

Oracle Method

Compliance

Their Other Projects

IlluviDEX

From their blog (17-2-2021):

"Exchange Fees and Wagering Fees are generated from every sale on our IlluviDEX at an initial rate of 5% of the total transaction value. In addition to this, the Immutable X platform (IMX) takes a small capped fee of all transactions on their network in exchange for waiving GAS fees. The predominant in-game currency is ETH."

Roadmap

Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partners

Team

Full team can be found [here].
Founded by Kain Warwick’s brothers Aaron and Kieran Warwick.

Funding

Illuvium raised $72 million in digital land sales (7-6-2022).
Closed a $5M round with Delphi Digital, Stake Capital, Quantstamp, Bitcoin.com, Jason Choi of Spartan Group and crypto founder personalities Kain Warwick of Synthetix, Stani Kulechov of Aave, Anton Bukov of 1inch, and Santiago Roel Santos of ParaFi. and others (12-3-2021).

Partners

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

@@ Line 1: / Line 1: @@
-{{Crypto_info_template|website=https://www.illuvium.io/|total_supply=10,000,000|type=NFT RPG game|consensus_mechanism=Immutable X}}
+{{Crypto_info_template|website=https://www.illuvium.io/|total_supply=10,000,000|type=NFT RPG game|consensus_mechanism=Immutable X}}[https://ethhub.substack.com/p/ethhub-weekly-147?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozMDkxMDQyOCwiXyI6IlFKM3dqIiwiaWF0IjoxNjA5ODQzMzAyLCJleHAiOjE2MDk4NDY5MDIsImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.5fyd4l7EqfEV0mFKpGosKUdIvJSfHEtfMXCdb6w69tA From] [[EthHub]] (4-1-2021):
+''"[https://illuvium.medium.com/illuvium-collect-battle-earn-b352a8901b7b Illuvium] is a [[decentralized]], [[NFT]] collection and auto battler game built on the [[Ethereum]] network. Integrated with the hyper-scalable [[Immutable-X]] [[L2]] solution, players of Illuvium gain access to zero [[gas]] [[fees]] for minting or exchanging of assets as well as sub-second [[transaction]] times, all with user maintained custody."''
 ==Basics ==
 * Started in / Announced on:
-* [[Mainnet]] release:
+* [[Mainnet]] release: After several development delays, the Ethereum-based MMORPG finally [https://cointelegraph.com/top-people-in-crypto-and-blockchain-2023/kieran-warwick launched] its Overworlds Private Beta on Dec. 12;
+''"When asked about his plans for Illuvium’s move out of beta, Kieran shared that it would probably take around three months — slating the release of future iterations of the game for early 2023."''
 * Based in:
-* [https://ethhub.substack.com/p/ethhub-weekly-147?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozMDkxMDQyOCwiXyI6IlFKM3dqIiwiaWF0IjoxNjA5ODQzMzAyLCJleHAiOjE2MDk4NDY5MDIsImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.5fyd4l7EqfEV0mFKpGosKUdIvJSfHEtfMXCdb6w69tA From] [[EthHub]] (4-1-2021):
-''"[https://illuvium.medium.com/illuvium-collect-battle-earn-b352a8901b7b Illuvium] is a [[decentralized]], [[NFT]] collection and auto battler game built on the [[Ethereum]] network. Integrated with the hyper-scalable [[Immutable-X]] [[L2]] solution, players of Illuvium gain access to zero [[gas]] fees for minting or exchanging of assets as well as sub-second [[transaction]] times, all with user maintained custody."''
 == History ==
 * [https://yieldfarmer.substack.com/p/-happy-nye-farm-350-apy-via-illuvium?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NjQ5ODc3OCwiXyI6IjNtM29qIiwiaWF0IjoxNjQxMTgwNzM0LCJleHAiOjE2NDExODQzMzQsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.AIBi4DoxEN Founded] by [[Kain Warwick]]’s brothers Aaron and Kieran Warwick.
+*[https://cointelegraph.com/top-people-in-crypto-and-blockchain-2023/mark-yusko From] [[CoinTelegraph|Cointelegraph]] (3-2023):
+''"Illuvium co-founder [[Kieran Warwick]] has been working alongside his brother and [[Synthetix Network Tokens (SNX)|Synthetix]] creator [[Kain Warwick]] for quite some time now. Having been exposed to [[Bitcoin (BTC)|Bitcoin]] and [[Ethereum (ETH)|Ethereum]] early on, Kieran invested a considerable chunk of his savings in ETH in 2016.''
+''When investing didn’t pan out, Kieran thought he was done with crypto and focused on other endeavors. He joined Blueshyft, where he started the first over-the-counter cryptocurrency exchange and later helped The Burger Collective succeed.''
+''Kieran’s assets took a hit during the height of the COVID-19 pandemic, so Kain encouraged him to dabble in cryptocurrency again — and lent him $100,000 to do so. Kieran started trading right before the [[Bull Run|bull run]] and made a lot of money.''
+''Around this time, he discovered [[Non Fungible Tokens (NFTs)|NFT]] gaming and started ideating Illuvium with Kain and two other brothers working in tech, Aaron and Grant. Aaron was a game designer, and Grant was a CGI modeler, so things fell into place for the team."''
 == Audits & Exploits ==
@@ Line 19: / Line 27: @@
 === Bugs/Exploits ===
+* [https://www.blockthreat.io/p/blockthreat-week-1-2022?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJfIjoidmFrNjYiLCJpYXQiOjE2NDQyMDM1NDAsImV4cCI6MTY0NDIwNzE0MCwiaXNzIjoicHViLTgxMDUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.aG9f6FC-AWzcLHfwezESSUFFy2_m7mIChz9iJIjwYSs From] Blockthreat (4-2-2022):
+''"On January 3rd, 2022 Illuvium [https://medium.com/illuvium/update-on-silv-exploit-and-discord-security-incident-71de1c96df6 discovered] an actively exploited unlimited minting vulnerability which resulted in the loss of $1.25M."''
 == Governance ==
+=== Admin Keys ===
 === DAO ===
 === Treasury ===
@@ Line 28: / Line 42: @@
 * From their [https://illuvium.medium.com/9-tokenomics-launchpad-and-reward-details-5894c3b356be blog] (17-2-2021):
-# Pre Seed - 500.000
+# Pre [[Seed]] - 500.000
 # Seed - 1.500.000
 # Team - 1.500.000
@@ Line 37: / Line 51: @@
 === Utility ===
-* Governance token ([https://yieldfarmer.substack.com/p/-happy-nye-farm-350-apy-via-illuvium?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NjQ5ODc3OCwiXyI6IjNtM29qIiwiaWF0IjoxNjQxMTgwNzM0LCJleHAiOjE2NDExODQzMzQsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.AIBi4DoxEN 3-1-2022]).
+* [[Governance]] [[token]] ([https://yieldfarmer.substack.com/p/-happy-nye-farm-350-apy-via-illuvium?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NjQ5ODc3OCwiXyI6IjNtM29qIiwiaWF0IjoxNjQxMTgwNzM0LCJleHAiOjE2NDExODQzMzQsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.AIBi4DoxEN 3-1-2022]).
 === Token Details ===
@@ Line 50: / Line 64: @@
 === How it works ===
+* [https://cointelegraph.com/top-people-in-crypto-and-blockchain-2023/mark-yusko From] [[CoinTelegraph|Cointelegraph]] (3-2023):
+''"Players explore futuristic game environments and capture NFT creatures called “Illuvials.” They can also go on quests, purchase in-game items and trade NFTs. Enhancements, such as using a teleporter or jetpack to move around the sci-fi-inspired metaverse, are set to be added following the Beta launch. Resources for mining and scanning were not available upon launch."''
 === Fees ===
 === Upgrades ===
@@ Line 56: / Line 75: @@
 *[https://yieldfarmer.substack.com/p/-happy-nye-farm-350-apy-via-illuvium?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NjQ5ODc3OCwiXyI6IjNtM29qIiwiaWF0IjoxNjQxMTgwNzM0LCJleHAiOjE2NDExODQzMzQsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.AIBi4DoxEN From] [[DeFi Pulse|Yield Farmer]] (3-1-2022):
-''"Illuvium stakers must vest their rewards for 12 months before they can freely claim them."''
+''"Illuvium [[stakers]] must vest their rewards for 12 months before they can freely claim them."''
 *From their [https://illuvium.medium.com/9-tokenomics-launchpad-and-reward-details-5894c3b356be blog] (17-2-2021):
-''"All in-game purchases and fees are sent to the Vault. Periodically, the Vault distributes this revenue to [[Proof-of-Stake (PoS)|staked]] token holders by purchasing an equivalent value of $ILV automatically from the $ILV/ETH [[Uniswap]] V2 pool. Participants in both the $ILV / ETH and $ILV staking pools are given equal weighting for the purposes of Vault distributions."''
+''"All in-game purchases and fees are sent to the [[Vault]]. Periodically, the Vault distributes this revenue to [[Proof-of-Stake (PoS)|staked]] token holders by purchasing an equivalent value of $ILV automatically from the $ILV/ETH [[Uniswap]] V2 pool. Participants in both the $ILV / ETH and $ILV [[staking]] pools are given equal weighting for the purposes of Vault distributions."''
 === Liquidity Mining ===
@@ Line 66: / Line 85: @@
 * From their [https://illuvium.medium.com/9-tokenomics-launchpad-and-reward-details-5894c3b356be blog] (17-2-2021):
-''"[[Yield farming]] is set to take 3 years with a significant majority of the coins distributed in the first two."''
+''"[[Yield farming]] is set to take 3 years with a significant majority of the coins [[distributed]] in the first two."''
 === Scaling ===
@@ Line 72: / Line 91: @@
 === Other Details ===
 == Oracle Method ==
-== Privacy Method ==
+== Compliance ==
-=== Compliance ===
 == Their Other Projects ==
 === IlluviDEX ===
@@ Line 79: / Line 97: @@
 * From their [https://illuvium.medium.com/9-tokenomics-launchpad-and-reward-details-5894c3b356be blog] (17-2-2021):
-''"Exchange Fees and Wagering Fees are generated from every sale on our IlluviDEX at an initial rate of 5% of the total transaction value. In addition to this, the Immutable X platform (IMX) takes a small capped fee of all transactions on their network in exchange for waiving GAS fees. The predominant in-game currency is [[ETH]]."''
+''"Exchange Fees and Wagering Fees are generated from every sale on our IlluviDEX at an initial rate of 5% of the total transaction value. In addition to this, the [[Immutable]] X platform (IMX) takes a small capped fee of all [[transactions]] on their network in exchange for waiving GAS fees. The predominant in-game currency is [[ETH]]."''
 == Roadmap ==
 * Can be found [Insert link here].
@@ Line 86: / Line 104: @@
 === Projects that use or built on it ===
 == Competition ==
-== Coin Distribution ==
 == Pros and Cons ==
 === Pros ===
@@ Line 93: / Line 110: @@
 === Team ===
 * Full team can be found [here].
-*[https://yieldfarmer.substack.com/p/-happy-nye-farm-350-apy-via-illuvium?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NjQ5ODc3OCwiXyI6IjNtM29qIiwiaWF0IjoxNjQxMTgwNzM0LCJleHAiOjE2NDExODQzMzQsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.AIBi4DoxEN Founded] by [[Kain Warwick]]’s brothers Aaron and Kieran Warwick.
+*[https://yieldfarmer.substack.com/p/-happy-nye-farm-350-apy-via-illuvium?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NjQ5ODc3OCwiXyI6IjNtM29qIiwiaWF0IjoxNjQxMTgwNzM0LCJleHAiOjE2NDExODQzMzQsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.AIBi4DoxEN Founded] by [[Kain Warwick]]’s brothers Aaron and [[Kieran Warwick]].
 === Funding ===
-* Closed a [https://twitter.com/illuviumio/status/1370120584227483650 $5M round] with [[Delphi Digital]], [[Stake Capital]], [[Quantstamp]], Bitcoin.com, [[Jason Choi]] of [[Spartan Group]] and crypto founder personalities [[Kain Warwick]] of [[Synthetix]], [[Stani Kulechov]] of Aave, [[Anton Bukov]] of [[1inch]], and [[Santiago Roel Santos]] of [[ParaFi Capital|ParaFi]]. and others (12-3-2021).
+* Illuvium [https://twitter.com/theblock__/status/1533930748524339206 raised] $72 million in digital land sales (7-6-2022).
+*Closed a [https://twitter.com/illuviumio/status/1370120584227483650 $5M round] with [[Delphi Digital]], [[Stake Capital]], [[Quantstamp]], [[Bitcoin]].com, [[Jason Choi]] of [[Spartan Group]] and crypto founder personalities [[Kain Warwick]] of [[Synthetix]], [[Stani Kulechov]] of [[AAVE|Aave]], [[Anton Bukov]] of [[1inch]], and [[Santiago Roel Santos]] of [[ParaFi Capital|ParaFi]]. and others (12-3-2021).
 === Partners===
@@ Line 105: / Line 123: @@
 Making these free wiki pages is fun but takes a lot of effort and time.
-If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
+If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information.
 [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
 [[Category:Companies/Organisations]]