Illuvium (ILV)

From CryptoWiki

Revision as of 06:33, 7 February 2022 by wiki_crypto>Zeb.dyor (→‎Bugs/Exploits)

Illuvium
TypeNFT RPG game
Consensus mechanismImmutable X
Total supply10,000,000
Websitehttps://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

Audits & Exploits

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):
  1. Pre Seed - 500.000
  2. Seed - 1.500.000
  3. Team - 1.500.000
  4. Treasury - 1.500.000
  5. Launchpad - 1.000.000
  6. Yield - 4.000.000

Utility

Token Details

Stablecoin

Technology

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

Implementations

How it works

Fees

Upgrades

Staking

"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

Funding

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