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What is Illuvium coin (ILV) and how does it work?

by Financial Economy

Illuvium is an open world fantasy war game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium seeks to provide a source of entertainment to casual gamers and die-hard DeFi fans alike through its various aggregation and transaction features. Detailed information about what is Illuvium coin (ILV), how it works, how much is the price, how to buy, etc. is in the continuation of the content. You can browse here for information about HEX coin.

What is Illuvium coin (ILV) and how does it work?

In the world of Illuvium live creatures known as Illuvials, which can be captured by players who best use them in battle and restore them to health. From the very first moment, they become a loyal part of the player collection and can be used when fighting other adventurers as part of Illuvium’s auto warrior gameplay.

The game is a fusion between an open world exploration game and a PVP war game. Players can spend their time exploring the vast expanses of the game world or forming teams of powerful monsters. Illuvium has been in development since 2020 and is being built by a team of over 40 people worldwide, including the co-founders.

The native ERC20-based native token of the Illuvium platform is the ILV coin. The ILV token has a number of uses in the Illuvium ecosystem. It is the main token used to reward players for their in-game achievements, grants players access to their stake in the Illuvium Vault, and is used to participate in the management of the game through the Illuvium decentralized autonomous organization (DAO).

How to buy Illuvium coins? How much is ILV coin?

The main functions of ILV tokens are governance, liquidity mining and vault distributions. The game is completely decentralized and has a governance structure revolving around the ecosystem’s native token, ILV coin. ILV coin is available and can be purchased on various cryptocurrency exchanges. But it is necessary to make sure that the exchange is “reliable”. As of December 8, 2021, the price of 1 ILV coin is around $1319.01 (price can change instantly).

ILV coin Chart!

When the ILV coin chart is examined, it is seen that the coin price follows a fluctuating course. What kind of graph will ILV coin draw in 2022 is eagerly awaited by investors.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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