|Market Cap||$ 618.9M|
|Volume 24h||$ 49.1M|
The current price of Illuvium (ILV) stands at $ 101.53.
Illuvium (ILV) is a unique type of cryptocurrency that's integrated into the Illuvium game universe. It operates on the Ethereum network and is used to incentivize and reward users within the game.
Illuvium was created by Kieran and Aaron Warwick, with the underlying motivation of developing a high-quality, blockchain-based game that is entertaining, interactive, and has a seamlessly integrated cryptocurrency reward system. The general aim is to revolutionize gaming in blockchain ecosystems.
The key difference with Illuvium compared to other cryptocurrencies is its intricate connection to a gaming universe. The value proposition of Illuvium doesn't solely rely on market demand for the currency, but also the gameplay, user engagement, and the overall success of the Illuvium game itself.
Similar to other Ethereum-based tokens, Illuvium isn't mined like Bitcoin, but rather minted in the Ethereum network. However, users are rewarded with Illuvium through the in-game mechanics, which can serve as a similar metaphor to "mining".
Illuvium doesn't have a halving event like Bitcoin. This principle is specific to Bitcoin and some other cryptocurrencies, where the reward for miners is cut by half approximately every four years.
Being based on the Ethereum network, Illuvium employs the security and reliability of this well-established blockchain. This includes the consensus mechanisms, encryption techniques, and smart contract systems inherent to Ethereum.
There are currently 6.1M ILV tokens in circulation.
The price of Illuvium has decreased recently by -2.27%.
The most reliable place to purchase Illuvium safely is on the listed Bitkub, BitMart, Bitci, CoinEx, DigiFinex.
You can securely store your Illuvium tokens using any wallet that supports ERC20 tokens, such as Metamask, Trust Wallet, or any other reputable Ethereum wallet.