Illuvium (ILV) Token Explained

ILLUVIUM Tokens What are ILV tokens https://ilvtoken.net

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Illuvium is a decentralized protocol that heralds a new era of gaming. Illuvium is a decentralized protocol that heralds a new era of gaming. It has been designed from the bottom up to allow for the long-term viability of the Illuvium game and governance, as well as providing players with an AAA blockchain gaming experience. What makes Illuvium special is that stakers get regular payouts and have a say in game development. https://ilvtoken.net

Crypto tokens are now being used in more and more industries. Crypto is a new technology that has the potential to create transparency, accountability, decentralization, security, privacy for all of these sectors which makes it perfect for gaming. Crypto tokens have many benefits over traditional fiat currencies because there are no limitations on how much you can stake or use them as collateral. Crypto provides an opportunity for gamers to be rewarded with real value instead of just getting random rewards from games without any substance. https://ilvtoken.net

Illuvium is the world’s first Crypto Token based gaming protocol. Crypto tokens now allow for people to stake and be rewarded with rewards in a token that can be used as collateral and has no limitations on how much you can use it. Crypto tokens are also transparent which means that there is no risks of an authority dictating what we see. Crypto provides an opportunity for gamers to be rewarded with real value instead of just getting random rewards from games without any substance. https://ilvtoken.net

Tokenomics of Illuvium - Pre-Seed Sale All in all, the sale of their pre-seed capital was used to fuel tremendous growth of the core contributors, allowing the protocol to hire some of the top minds in industry. They were given 500,000 ILV at a price of $1 USD each. Because early stage investors take the greatest risk, they must be compensated with the lowest cost https://ilvtoken.net

Seed Sale With the funds, They were able to significantly speed up new hires, audits, listings, and all other cumulative expenses. The seed sale began on January 15th and lasted less than half the allocated time. All 1,500,000 $ILV were handed out at a price of $3 USD. https://ilvtoken.net

Balancer Smart Pool Distribution A Liquidity Bootstrapping Pool is a type of pool that allows DeFi networks to raise cash from a lesser amount of liquidity than usual when seeding a pool like Uniswap or Sushiswap. This has been accomplished by utilizing varying asset weights. In a typical pool, assets are compared in value at 50:50. When the pool is live, the price will start to fall, which is why the initial value of the token was set at a high price. There are two opposing forces affecting the price of a BLBP. https://ilvtoken.net

When the token’s weights are changed, the price of the token will naturally fall as the weights start out at a much greater degree and finish at a far lower one. The third force is the token’s trading. As people buy tokens, the pool’s quantity decreases, but its value must still be equivalent to the weights in order for the price of the token to rise in order to make up for it. https://ilvtoken.net

You’ll notice a steady drop in token price, followed by periodic ‘bumps,’ when the token drops back up. In theory, the price should eventually settle on a value that both the market and overall is regarded an accurate worth for the token. Balancer’s Smart Pools allow us to fairly distribute up to a maximum of 1,000,000 non-lockup tokens worth $50 each at an initial price of 50 USD per token. ● Initial Pool Weight Ratio: 96:4 ● Final Pool Weight Ratio: 50:50 ● Timespan: 72 hours ● Progression: Linear https://ilvtoken.net

Promo NFT Rewards The total amount of ETH used for all transactions converts to points at a rate of one point per ETH at the end of the bootstrap. These points can only be redeemed for promotional NFTs that will be available for a short time after the sale ends for those who hold all of their ILV purchases until the NFTs redeem window is closed The full list of NFTs redeemable in the BLP sale will be viewable in a follow up medium post prior to the BLP opening. https://ilvtoken.net

NFT Details The Rhamphyre NFTs are strictly promotional in nature. This implies that they cannot be utilized in-game. However, this also implies that there will only be a limited amount made available. After the claim period has ended, no more will ever be produced. The M0z4rt Skins, Emotes, and Badges will be functional in-game once the game goes live, and may be redeemed beforehand. They can be traded on any market before launch, but to use them in-game you must first own the NFT in your linked wallet and then redeem them in-game, which Badges do not cost points, but they must meet a certain number of points requirements. Any amount spent in the sale qualifies for the bronze badge, which has a threshold of 0. https://ilvtoken.net

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