Illuvium (ILV)
| Type | NFT RPG game |
|---|---|
| Consensus mechanism | Immutable X |
| Total supply | 10,000,000 |
| Website | https://www.illuvium.io/ |
Basics
"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
- Founded by Kain Warwick’s brothers Aaron and Kieran Warwick.
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
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
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
Privacy 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
Coin Distribution
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
- 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
(:
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