Illuvium
Crypto Overview
Project Overview
Illuvium is a blockchain-based game that combines NFT collecting and auto-battler gameplay mechanics, built on the Ethereum network. The ILV token serves as the primary governance and utility token for the Illuvium ecosystem.
Intended Utility
The ILV token is designed to serve multiple purposes: governance rights for protocol decisions, staking rewards, in-game currency for purchasing items and NFTs, and revenue sharing from the game's economy. The project aims to create a full gaming ecosystem with multiple interconnected titles.
Actual Utility Assessment
The platform has demonstrated substantial development progress with a functional beta version of their game and NFT marketplace. The development team maintains regular updates and has shown consistent progress in building the promised features. The project has established partnerships with major blockchain platforms and gaming studios.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation: 30% to community rewards, 17.5% to team and advisors (with vesting periods), 12.5% to treasury, 25% to public sale, and 15% to private sale. Team tokens are subject to a 3-year vesting period with a 1-year cliff, indicating commitment to long-term development.
Development vs Marketing
The project maintains a healthy balance between development and marketing efforts. Significant resources are allocated to game development, with regular technical updates and feature releases. Marketing activities appear proportionate and focused on gaming community engagement rather than token promotion.
Revenue Model Analysis
The revenue model is primarily based on NFT sales, marketplace fees, and in-game transactions. The project does not involve interest-bearing mechanisms or lending services. All transactions involve actual asset exchange and value creation through gaming utility.
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.
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