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What Is Illuvium?

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Nov 22, 2022
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3 min read
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This blog post will cover:

  • About Illuvium (ILV)
  • Where did Illuvium (ILV) come from?
  • What are the advantages of Illuvium (ILV)?
  • What are the disadvantages of Illuvium (ILV)?
  • How to buy Illuvium (ILV) on SimpleSwap?

About Illuvium (ILV)

Illuvium (ILV) is a cryptocurrency that is used in the ecosystem of the game with the same name. The token is based on the Ethereum blockchain and performs 3 main functions: mining, management and distribution of storage.Illuvium is a three-dimensional fantasy combat and role-playing game with a developing storyline.

ILV is the main token that is used as a reward for gaming achievements. The world of Illuvium is inhabited by magical beasts called Illuvials. Players can explore the expanses of the world and create their own team of Illuvials.In this game, players can walk and conquer the world attracting other characters to join their team. Wars between players, quests and battles are possible here. During the journey players collect Illuvials that have different characteristics such as rarity, utility, and others.

Where did Illuvium (ILV) come from?

Illuvium is a decentralized collection of NFT and an automated fighting game built on the Ethereum blockchain. A large team of professionals started creating and developing the game in the summer of 2020. It includes experienced game designer and co-founder Aaron Warwick, Kieran Warwick (co-founder and entrepreneur), Basil Gorin (technical director), Nate Wells (game producer), Aleksandr Kirilenko (one of the most talented artists) and others. The founders were inspired by Pokémon and Dota Underlords.

What are the advantages of Illuvium (ILV)?

  • The right to vote
    
    Having a token, players can manage and create the future in the game.
  • The possibility of receiving rewards
    
    The holders can stake tokens and receive rewards from the network.

What are the disadvantages of Illuvium (ILV)?

  • A new project
    
    There is little data to identify the negative features of the token or the game, because the upcoming project has yet to win its place in the market.
  • Postponing the launch of the game
    
    Gamers are upset that the release of the game has been postponed to 2022.

How to buy Illuvium (ILV) on SimpleSwap?

If you wish to purchase Illuvium, we recommend that you go to the SimpleSwap homepage and follow the instructions:

  • For example, you want to swap BTC for ILV. Select the currency you want to exchange (e.g. BTC) in the first drop-downlist. Then enter the amount you want to swap.
  • Select ILV in the second drop-down list. You’ll see the estimated amount that you’ll get after the exchange.
  • Click the Exchange button.
  • Enter the Recipient's Address. ILV will be sent. Be careful and make sure you use the correct address.
  • Create the exchange.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the BTC to ILV exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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