Illuvium
Crypto Overview
Project Overview
Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. The project combines NFT collection and auto-battler gameplay, where players can explore the game world to collect and battle with creatures called Illuvials.
Purpose and Utility
ILV serves as the primary governance and utility token for the Illuvium ecosystem. Token holders can stake ILV to earn rewards from protocol revenue, participate in governance decisions, and use it for in-game purchases. The token is integral to the game's economy, being used for crafting, trading NFTs, and participating in the game's various activities.
Business Model and Development
The project generates revenue through NFT sales, marketplace fees, and in-game transactions. All activities within the ecosystem involve actual asset ownership and value exchange through NFTs and the ILV token. The development team has maintained consistent progress, with regular updates and expansion of the game's features.
Current Usage and Adoption
The game has launched several components including the Illuvium Zero mobile game and their NFT Land sale. The project maintains active development with regular updates to their testnet environment. The ecosystem includes NFT trading, staking mechanisms, and gameplay elements that demonstrate genuine utility beyond speculation.
Token Distribution and Governance
Initial token distribution included allocations for the team and early investors with vesting schedules. The project implements a DAO structure for governance decisions, allowing token holders to participate in the protocol's development direction.
Crypto Impact
To assign a comfort level investing in Illuvium from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Illuvium.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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