Illuvium

ILV

ILV is the governance and revenue-share token for the Illuvium gaming ecosystem.

Risk Rating
Best
$97.43
-0.87%
Summary
What we like
ILV is the revenue-share token that earns all in-game revenue from the Illuvium ecosystem. It also serves as the governance token to allow holders to make changes to the ecosystem.
What we like less
ILV has a high emission schedule, which will continue to dilute token holders over time. The release of the game is expected to mitigate this to a degree with more token usage.
What it means for you
Staking ILV can be a great way for you to earn platform fees and rewards, governance rights, as well as other in-game benefits.
Information
Blockchain
  • Ethereum
Info
Key Metrics
  • Market Cap: $623.5M
  • Fully Diluted Valluation: $936.1M
  • FDV / MC: 1.5
  • Ranking inside Exponential (excluding stables): #28
  • Circulating Supply: 6,396,602
  • Total Supply: 9,604,389
  • Volume (24H): $6.2M
  • ATH: $1,911.26 (11/30/2021)
  • ATL: $29.23 (06/22/2021)
Risk Assessment
Best
Asset Strength

ILV is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Illuvium, a protocol rated as Average.

Asset Tokenomics

ILV has a fixed supply.

Asset Volatility

ILV is highly correlated to the overall market.

Dependencies

Illuvium has no dependencies.

Things to know about ILV

What is AXS used for?

ILV is the governance and revenue-share token for the Illuvium ecosystem. The primary currency for in-game purchases will be ETH, so ILV is not needed to play the game. Instead, ILV serves as governance for the Illuvium DAO. Further, the protocol has stated that 100% of all revenue will be distributed to ILV stakers.

AXS tokenomics

The max supply of ILV is capped at 10M tokens. The token distribution is as follows: 30% reserved for yield farming rewards, 15% for treasury, 15% for the team, 20% for seed investors, 10% for in-game rewards, and 10% for public sales. However, the total supply of 10M tokens is unlikely to ever be reached due to the mechanism to claim tokens earned through yield farming as sILV (synthetic ILV) tokens. When stakers decide to claim earned rewards, they are faced with a choice between either claiming as ILV (subject to a 1-year vesting period) or claiming as sILV (immediately usable in-game). sILV tokens that are spent in-game are burned and will never be reissued, which serves to reduce the total circulating supply of ILV.

How does AXS accrue value?

ILV has intrinsic value as the revenue-share token for the Illuvium ecosystem. All future in-game revenue will be redistributed back to ILV stakers. To conduct revenue distribution, the Illuvium DAO will automatically purchase ILV from the Sushi ILV-ETH pool and distribute it to ILV stakers. This serves to put upward price pressure on the ILV token through open market buys. Further, as a certain segment of users decides to claim rewards as sILV, this will put deflationary pressure on ILV.