Illuvium
Crypto Overview
Project Overview
Illuvium is a blockchain-based game that combines elements of collectible NFTs and decentralized gaming. It's built on the Ethereum network and positions itself as a AAA-quality game featuring auto-battler gameplay mechanics where players collect and battle with creatures called Illuvials.
Intended Utility
The ILV token serves multiple purposes within the Illuvium ecosystem: governance rights for protocol decisions, staking rewards for network security, and in-game currency for purchasing items and NFTs. Token holders can participate in the Illuvium DAO to vote on key protocol decisions.
Actual Utility
The game has launched several components including Illuvium: Zero, a mobile resource-gathering game, and Illuvium: Arena, a battler game mode. The main open-world game is still in development. The ILV token is actively used for governance through the IlluviDAO, and players can stake their tokens in the protocol's yield system.
Token Distribution and Founder Analysis
The token distribution includes vesting schedules for team members and early investors. The founding team, led by Kieran and Aaron Warwick, has maintained consistent development and communication. The project demonstrates substantial development activity with regular updates and improvements to both the gaming platform and underlying infrastructure.
Technical Implementation
The project utilizes Immutable X for NFT transactions, providing gas-free trading while maintaining security. The gaming mechanics involve legitimate ownership of digital assets (NFTs) and real utility through gameplay features.
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”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.