ILV
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ILV

Illuvium 2-5 years
Website https://illuvium.io/
Browser
OTH RELPs
White Paper
Avg Price
+4.14%
1D

$ 117.55 USD

$ 117.55 USD

Market Cap

$ 505.48 million USD

$ 505.48m USD

24h trading volume

$ 27.552 million USD

$ 27.552m USD

7d Vol

$ 377.938 million USD

$ 377.938m USD

Circulating supply

3.767 million ILV

Related information

Issue Time

2021-03-31

Platform pertained to

--

Current price

$117.55USD

Market Cap

$505.48mUSD

Volume of Transaction

24h

$27.552mUSD

Circulating supply

3.767mILV

Volume of Transaction

7d

$377.938mUSD

Change

24h

+4.14%

Number of Markets

163

Token conversion

/

Current Rate0

Available

0.00USD

Calculate

Historical Price

Introduction

Markets

3H

+11.08%

1D

+4.14%

1W

+3.19%

1M

+8.52%

1Y

-67.33%

All

+144.91%

Aspect Information
Short Name ILV
Full Name Illuvium Token
Founded Year 2020
Main Founders Kieran Warwick, Aaron Warwick
Support Exchanges Binance, KuCoin, FTX, and Uniswap
Storage Wallet MetaMask, MyEtherWallet, Ledger Nano S, and Trezor

Overview of ILV

Illuvium (ILV) is a cryptocurrency token that operates on the Ethereum platform. is a form of cryptocurrency that was established in 2020. The principal founders of this cryptocurrency are identified as Kieran Warwick and Aaron Warwick. Illuvium Token can be exchanged through several platforms including Binance, KuCoin, FTX, and Uniswap. The cryptocurrency can be securely stored in wallets such as MetaMask, MyEtherWallet, Ledger Nano S, and Trezor, potential investors should thoroughly research and consider the risks before investing.

overview
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Pros and Cons

Pros Cons
Operates on the Ethereum platform Lack of specific foundational information
Part of the expanding digital currency market Highly volatile market fluctuations
Can be stored in a digital wallet Further information specificity may be limited

Pros:

1. Operates on the Ethereum platform: As one of the most renowned and robust Blockchain networks, Ethereum boasts advanced scripting capabilities and a solid network of distributed computing resources. ILV, as a token operating on this platform, enjoys the amenities of Ethereum's security, flexibility and general adoption.

2. Part of the expanding digital currency market: Cryptocurrencies, including ILV, represent a new, decentralized economic reality that is being increasingly embraced worldwide. Being part of this digital revolution might provide an opportunity for future growth, as the digital currencies market expands in the years to come.

3. Can be stored in a digital wallet: Digital wallets provide a secure space for individuals to store, send, and receive digital currencies like ILV. The convenience and accessibility of these wallets make interacting with cryptocurrencies a relatively seamless process.

Cons:

1. Lack of specific foundational information: The exact details regarding the tokens inception, including the founding team and year of establishment, have not been mentioned. This opacity may dissuade certain investors who seek transparency in a cryptocurrency's origins and early operations.

2. Highly volatile market fluctuations: While ILV may witness significant growth or returns due to the habitually fluctuating nature of cryptocurrency prices, these same characteristics pose an inherent risk. The value of ILV, like all cryptocurrencies, can decrease as abruptly as it can increase.

3. Further information specificity may be limited: The specifics of ILV's operating mechanisms, future plans, or underlying technology may be difficult to determine due to a lack of detailed information. This lack of data could limit an individual's understanding of the token and its potential.

What Makes ILV Unique?

The primary innovation of Illuvium (ILV) lies in its connection to the Illuvium game, a decentralized open-world role-playing game on the Ethereum blockchain. The ILV token serves an integral role in this ecosystem, as it is utilized for in-game transactions, staking, and earning yield.

In contrast with other cryptocurrencies, ILV's distinguishing feature is its direct use case within an interactive and gaming environment. Many cryptocurrencies primarily serve as a medium of financial transactions or a store of value, but ILV's value proposition extends beyond these roles due to its integration within the Illuvium game.

However, it is critical to remember that while utilizing ILV within a gaming environment may set it apart, this also adds an additional layer of complexity and potential risk. The success and longevity of the ILV token are likely closely tied to the success of the Illuvium game, creating potential vulnerabilities that other cryptocurrencies might not share. The value of the token could be impacted not only by general market sentiment and trading but also from the success or decline of the game itself.

Therefore, consistent with any other cryptocurrency, potential investors should conduct thorough due diligence when considering investments involving ILV due to its unique characteristics and dependencies.

Circulation of ILV

Circulating Supply

The circulating supply of Illuvium Token (ILV) is currently 3.586 million tokens. This means that these are the tokens that are currently available to buy and sell on exchanges. The total supply of ILV is 9.617 million tokens, but the remaining tokens are not yet in circulation.

Price Fluctuation

The price of ILV has fluctuated significantly since its launch in March 2021. It reached an all-time high of $428.38 on September 11, 2021, but has since fallen to its current price of $40.86 as of September 19, 2023.

There are a number of factors that can contribute to the price fluctuation of ILV, including:

  • Supply and demand: The price of ILV is determined by the supply of tokens available and the demand for those tokens. If there is more demand for ILV than there is supply, the price will go up. Conversely, if there is more supply of ILV than there is demand, the price will go down.

  • News and market sentiment: Positive news and developments surrounding ILV can boost demand for the token and drive up the price. Conversely, negative news and developments can dampen demand and drive down the price.

  • Overall market conditions: The cryptocurrency market as a whole is volatile and can experience significant price fluctuations. ILV is not immune to these fluctuations and its price can be affected by broader market conditions.

Additional Notes

Illuvium is an open-world decentralized role-playing game (RPG) built on the Ethereum blockchain. ILV tokens are used to govern the Illuvium ecosystem, to pay for in-game purchases, and to stake for rewards.

The Illuvium team is working on a number of initiatives, including launching new features and expanding the Illuvium ecosystem. If the team is successful in executing on its plans, this could boost adoption and demand for ILV.

Overall, Illuvium is a promising project with a number of potential benefits. However, it is important to be aware of the risks associated with investing in a cryptocurrency, including the risk of price volatility.

Investors should carefully consider their own risk tolerance and investment goals before investing in ILV.

CIRCULATION

How Does ILV Work?

Illuvium (ILV) operates as a deflationary cryptocurrency, akin to the operational model used by other tokens in the cryptocurrency space. Unlike inflationary models where the supply of currency increases, a deflationary model essentially implies a decrease in the available supply over time, creating scarcity and potentially driving up the price per token.

The deflationary model comes into play in the Illuvium game where the token is utilized. When players acquire assets or pay for utilities within the game, some ILV tokens are 'burned' or removed from circulation, decreasing the total supply of ILV. This mechanism aims to counter the inflationary pressures of token minting.

However, while the working principle of ILV is rather straightforward, the actual dynamics are intrinsically tied to the Illuvium gaming platform. The ILV tokens are not only a medium of exchange but also a utility token within the gaming ecosystem. They can also be used for staking within the Illuvium platform, where token holders can earn passive rewards.

Moreover, the broader gaming sector success, the further development of the game, as well as player demand, will directly influence the actual utility and value of the ILV token. Due to this, it is fair to say that the working mode and principle of ILV encompass both financial and gaming aspects, leading to a cryptocurrency with unique traits and potential risks involved.

Exchanges to Buy ILV

Given that the specific data may change over time, I highly recommend checking out real-time information on cryptocurrency exchange platforms for accurate details. Nevertheless, as of now, several prominent exchanges support the purchase and trading of Illuvium (ILV). These include:

1. Binance: ILV can be traded on Binance with several pairs including ILV/USDT, ILV/BUSD, ILV/ETH.

2. Uniswap (V3): This decentralized exchange offers trading pairs for ILV including ILV/ETH.

3. Sushiswap: On Sushiswap, ILV can be traded against ETH, making the ILV/ETH pair.

4. 1inch Exchange: This decentralized exchange offers several pairs for ILV, notably ILV/ETH.

5. Gate.io: It provides a platform for trading ILV with USDT, creating the ILV/USDT pair.

6. FTX: Traders can pair ILV with USD and USDT on this exchange (ILV/USD, ILV/USDT).

7. CoinEx: Here, ILV can be paired with USDT (ILV/USDT).

8. Balancer: This platform offers several liquidity pools with pairs such as ILV/ETH.

9. Poloniex: On Poloniex, ILV can be paired with USDT to form ILV/USDT trading pair.

10. MXC.COM: It supports a trading pair of ILV and USDT (ILV/USDT).

It is worth noting that the specific currency pairs may not be available continuously as exchanges often modify their market offerings based on various parameters. Always go through the market pairings on the exchange platform to confirm the availability.

EXCHANGES

How to Store ILV?

Like most cryptocurrencies, ILV (Illuvium) can be stored in several types of wallets that support Ethereum-based (ERC-20) tokens. The choice of wallet depends on various factors such as ease of use, security measures, access to private keys, and user requirements such as staking or swapping, among others.

Here are some wallet types where ILV can be stored:

1. Hardware Wallets: These are physical devices designed to securely store cryptocurrency offline, which makes them resistant to online hacks. Examples include Ledger and Trezor. Note that, to interact with decentralized applications (DApps), hardware wallets may require integration with a software interface such as MetaMask.

2. Software Wallets: These wallets are application-based and can be installed on a user's personal computer or mobile device. Metamask, Trust Wallet, and MyEtherWallet fall under this category.

3. Web-Based Wallets: These are online wallets which can be accessed via a web browser. MetaMask is a popular example of a web-based wallet.

4. Mobile Wallets: These are wallets installed on a smartphone. Trust Wallet, Coinbase Wallet, and Argent are examples of mobile wallets.

5. Decentralized Wallets: Also known as non-custodial wallets, these allow users to control their own private keys rather than relying on a third-party service. MetaMask, Trust Wallet, and Ledger Live are examples of decentralized wallets.

It is always recommended to conduct thorough research and consider personal security preferences and convenience before choosing a wallet for cryptocurrency storage.

buy

Should You Buy ILV?

The buying of Illuvium (ILV) could potentially suit those interested in the niche intersection of gaming and cryptocurrency. This includes those who are actively engaged with the Illuvium game, as owning ILV provides certain benefits within the game such as purchasing assets or staking for yield. It could also be of interest to speculative investors who see potential growth in the crypto gaming space.

However, investing in ILV, like all cryptocurrency investments, carries significant risk. Values can fluctuate dramatically in short periods, and the token's value is explicitly tied to the success of the Illuvium game. The token could see significant depreciation if the game fails to maintain its popularity or if it encounters development or operational issues.

Before deciding to invest in ILV or any cryptocurrency, individuals should consider the following professional advice:

1. Conduct Thorough Research: Understand the fundamental aspects of the token, underlying technology, and use cases. In the case of ILV, get to know about the Illuvium game, its popularity, and future potential.

2. Understand the Risk: Cryptocurrency investments come with high risk. The value of the investment can go down as well as up. Potential investors need to be comfortable with the level of risk they are taking on.

3. Diversify Investments: To minimize risk, it is typically suggested to not put all the money into one asset or type of asset. Diversification across different asset classes can potentially yield a steady return in the long term.

4. Professional Advice: Consider seeking advice from a financial advisor or a professional familiar with cryptocurrency investments.

5. Stay Updated: Continually monitor your investments and the news surrounding it. Be aware of market trends, news related to the Illuvium game, and crypto gaming industry overall.

Remember, while ILV might be an exciting investment for some, it will not be suitable for everyone. Professional advice should be obtained before making any investment decisions.

Conclusion

The Illuvium token (ILV) serves as an integral component for the Illuvium game, a decentralized open-world role-playing game built on the Ethereum blockchain. This gives ILV a unique use case that sets it apart from many other cryptocurrencies, as it is utilized for in-game transactions, staking, and earning yield within the gaming ecosystem.

The success and valuation of ILV are therefore highly dependent on the game's popularity, functionality, and overall player demand. This dependence adds an extra layer of complexity and potential risk for investors, as the token's value could be impacted both by general market sentiment and the success or failure of the game itself.

As for its development prospects, if the Illuvium game continues to grow in popularity and maintains a substantial player base, the demand for ILV could potentially increase over time. This increase could then result in a rise in the token's value, creating profitable opportunities for investors.

However, like any cryptocurrency, investing in ILV comes with a significant level of risk. Its market price is incredibly volatile, potentially leading to high investment gains but also potentially severe losses. Therefore, potential investors should conduct thorough research before purchasing ILV tokens and continually monitor their investments and the market trends.

In conclusion, while ILV has a unique value proposition and potential for financial growth, it should be seen as a speculative investment with its inherent risks and dependencies. As always, potential investors are strongly advised to seek professional advice before making any investment decisions.

FAQs

Q: What platform does the ILV token operate on?

A: ILV is a cryptocurrency token that operates on the Ethereum blockchain.

Q: How does ILV differentiate itself from other tokens in the market?

A: ILV sets itself apart through its direct use within an interactive gaming platform, the Illuvium game, extending its use beyond typical financial transactions.

Q: What kind of market risk is associated with ILV?

A: ILV, like other cryptocurrencies, is subjected to the highly volatile nature of the digital currency market, which can lead to significant value fluctuations.

Q: What is the key to the functionality of the ILV token?

A: ILV primarily functions within the Illuvium game for in-game transactions, staking, and yield earning.

Q: How to securely store ILV tokens and which wallets to use?

A: ILV can be stored in any wallet that supports Ethereum-based (ERC-20) tokens, with examples including Ledger, Trezor, MetaMask, Trust Wallet, and more.

Q: Which exchanges can I buy ILV from and what trading pairs do they support?

A: ILV is available on several exchanges including Binance, Uniswap, Sushiswap, 1inch Exchange, and more, typically traded in pairs with cryptocurrencies like USDT, ETH, and BUSD.

Q: Who could be most interested in investing in ILV?

A: ILV might suit investors interested in the crossover of gaming and cryptocurrency, primarily those engaged with or interested in the Illuvium game, alongside speculative investors seeing potential in the crypto gaming sector.

Q: What are some necessary considerations before investing in ILV?

A: Prior to investing in ILV, considerations include conducting thorough research, understanding the associated risk, diversifying investments, seeking professional advice, and staying updated with market trends and news related to the Illuvium game.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

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11 ratings

Participate in evaluation
Dory724
NFT gaming meets DeFi. Intriguing concept, execution risk high. Community engagement pivotal for sustained success.
2023-11-28 18:52
4
0
Windowlight
ILV is the native token of the Illuvium blockchain gaming platform. It is used for governance, staking, and in-game transactions.
2023-12-22 04:03
2
0
Dazzling Dust
Illuvium distinguishes itself within the realm of blockchain-powered games by immersing players in a captivating fully 3D environment. Across diverse regions, more than 100 uniquely crafted Illuvials await discovery, each a testament to the artistry of a world-class design team. This attention to detail ensures an appeal that resonates with players accustomed to the quality found in high-budget retail games.
2023-11-27 10:05
5
0
CJ002
ILV (Illuvium) - Blockchain-based gaming ecosystem. Exciting concept, but early stages and facing competition from established players.
2023-12-21 18:36
8
0
Jenny8248
Its focus on decentralized gaming experiences and play-to-earn mechanics has intrigued many investors.
2023-12-04 19:53
3
0
ashcutie
Been really pumped up with this project!!! Hoping for exciting news and be able to experience it.
2022-12-23 12:05
0
0
Binoy3549
#ILV I already pre-register to this gamefi. Waiting for almost a year and here it comes it will release sooner. I am ready with my pc to rock it on 🤟🤟🤟
2022-12-20 08:44
0
0
rai9839
Have u ever heard of Illuvium? This is an entertaining GameFi Project which allows u to catch a glimpse of our all time fave Pokemon! In this NFT game, u could enjoy playing while earning!
2022-12-20 07:39
0
0
Anto gamer
waiting for it to be release on PC and Mac this 2022. very high price and stable game token,, high earning potential just dyor and have risk management becauase of token price
2022-12-19 17:33
0
0
stowberryuyu
Illuvium, the world's first IBG (Interoperable Blockchain Game) is an upcoming open-world exploration, NFT creature collector and autobattler game built on the Ethereum blockchain. Earn crypto in ILV tokens as in-game rewards through playing, completing PVE quests, performing special achievements, and win prizes in tournaments and events.
2022-12-22 11:49
0
0
Abiodun Samuel
Illuvium is a (open-world) fantasy battle and role playing game (RPG) with a variety of collecting and trade aspects that should appeal to both casual gamers and die hard decentralized finance (DeFi) lovers. How to play In a role playing game like Illuvium players travel to several places to fight monsters known as Illuvials. when the battle begins, each Illuvial will locate and attack an opposing Target and generate energy through assault and damage. The Illuvial can activate ultimate ability.
2022-12-19 19:59
0
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