Illuvium, an Immersive Game where Gamers Earn Valuable Digital Assets
[TL; DR]
Illuvium is a fantasy based immersive play-to-earn (P2E) game existing on the Ethereum blockchain.
The Illuvium token (IVL) and its synthetic version sIVL support the Illuvium gaming protocol.
IVL token holders can stake them and earn high yields.
Illuvium NFTs represent mystical creatures called Illuvials which players use when playing the games.
Introduction
Since the introduction of the blockchain, the gaming sector has evolved much over the years, introducing new concepts such as the play to earn model. With this play-to-earn (P2E) gaming model, players get rewards in form of in-game digital assets which they can sell, thereby getting fiat cash. Most of such games incorporate non-fungible tokens which are virtual assets that prove ownership of digital or real world products or creations.
One of the latest games on the blockchain, creating vibes on the internet, is Alluvium, a role-playing game where players can earn crypto rewards during contests and quests. Based on the Ethereum network and played on Mac and PC, Illuvium is offering fantasy and creating a sustainable digital economy. This guide helps you to understand how the game works and the use of its digital assets, the NFTs and cryptocurrencies.
How does Illuvium work?
Illuvium, which encompasses the metaverse and the play-to-earn (P2) model, promises to give players entertaining gaming experience. While its story is very intriguing, the game offers a highly interactive environment. This is because Alluvium is a 3-D immersive game where the players explore the animal habitat on an alien planet, capturing deity-like creatures called Illuvials. These illuvials are represented by (NFTs) which have value outside the gaming platform.
Source: Blockworks
Successful gamers capture as many Illuvials as possible and use them in battles. In fact, each player acts like a member of a transport ship that is investigating an island, surrounded by a vast crystal ocean. Interestingly, the island or planet has been mysteriously ruined over many years. In addition, there is a dangerous type of weather which emits radiation that disables engines of ships causing them to crash.
More specifically, the story is based on the adventure of a single survivor of a ship wreckage who comes across mystical creatures with god-like powers. The survivor, who also has similar powers, is able to capture these mystical creatures and keep them in shards.
Primarily, the player becomes a hunter with the motive of capturing as many illuvials as possible. The player that captures many illuvials will unlock obelisks that enable him/her to explore a greater area of the planet.
The nature and abilities of the mystical creatures
There are more than 100 illuvials on the planet. Each of these creatures has particular abilities and characteristics which make it behave differently from the others. These animals exist in different classes such as Empath, Rogue, Fighter, Rogue, Guardian and Psion . In addition, they have different elemental affinities to water, air, fire, earth and nature that determine their traits. For example, they can use these elements to make frost or fire.
Based on their affinities, the illuvials can create synergies with each other. In order to win games, the players can team up different illuvials to strengthen their capabilities thereby enhancing their chances of victory.
Source: Themediaverse
The players can also fuse the illuvials to come up with newer types of creatures with better skills than the previous ones. Each newer creature will belong to another category or class. Players with diversified teams of illuvials will perform well in their fight against other characters in the player-versus-player (PvP) or player-versus-environment (PvE) battle setups.
Illuvium’s digital assets
The illuvium game has different digital assets like NFTs which represent the creatures (Illuvials). Also, it is essential to note that Illuvium exists on the Ethereum blockchain which means that most of the tokens are ERC20. Specifically, the tokens comprise ILV and sILV, and Non-Fungible Tokens (NFTs). The IVL is used to reward the players that complete battles and other challenges.
The Illuvium Token (IVL)
Illuvium (ILV), an ERC-20 token, is the main cryptocurrency existing on the platform. It has many functions within the gaming ecosystem. The holders of IVL tokens take part in making decisions that relate to the nature of the game or amendments to the governance system.
As well, in the future people will use the IVL for paying transaction fees on the platform. In other words, IVL is a utility token for the Illuvium ecosystem. The other token which drives the gaming platform is sILV. Both the sILV and IVL tokens create various investment opportunities for their holders.
Also, Illuvium has NFTs which represent various in-game assets such as the Illuvials However, it is vital to understand that in the short term ETH remains the primary cryptocurrency in the Illuvial system.
On the other hand, sIVL is a synthetic version of the IVL token. It is an in-game currency. Nevertheless, users cannot use it when making transactions with other players. Also, we cannot use it to purchase illuvials. Notably the value of sIVL is pegged to that of IVL.
Illuvium tokenomics
The maximum supply of the IVL is 10,000,000. Its circulating supply, distributed in December 2021, is 650,000. 20% of the circulating supply tokens were allocated to the DAO, 15% to developers, another 15% to the treasury, 10% to future investors, 10% to in-game rewards and 30% to yield farming.
Source: Beincrypto
Yield farming
As noted above, the protocol allocated 30% of the circulating supply to yield farming. In this case, the IVL token is used for rewarding stakers. The purpose of the yield farming program is to distribute the IVL to the project’s early adopters. As such, the users can stake the tokens to support the system’s governance and the protocol. In order to stake the IVL, users should have Ethereum compliant crypto wallets such as MetaMask.
Conclusion
With many gaming platforms coming to the blockchain, it is important to select reliable and fascinating games. Illuvium is such a game as it involves player-to-environment and play-to-player models. It is not just fantasy-filled but also an immersive game.
Author: Mashell C., Gate.io Researcher
This article represents only the views of the researcher and does not constitute any investment suggestions.
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