What Is Escrowed Illuvium(SILV) ?
Escrowed Illuvium A shattered land of beauty and wonder. Travel the vast and varied landscape hunting dangerous beasts, then capture them to battle in the Arenas or trade via the exchange. Prior to launch of the game, $ILV holders may choose to stake $ILV to access the liquidity mining program (a type of ‘yield farming’ that has become popular with DeFi protocols where the founding teams seek to decentralize the governance of the protocol).
Escrowed Illuvium purpose of the liquidity mining program is to distribute $ILV from the Illuvium Treasury to early Illuvium community members to: 1) achieve a distributed holding of $ILV tokens across more of the Illuvium community, 2) incentivise new people to participate in the Illuvium community, and 3) to enable a more liquid and transparent market for the trading of $ILV.
Escrowed Illuvium The greater the size of the Illuvium community, the greater the prospects of decentralised governance as well as a self-regulating community that discourages bad actors and manipulation of governance and the game. Once the game is launched, users can stake $ILV as a signal of belief and support in the game and its governance model and receive access to governance and distributions from in-game fees.
Escrowed Illuvium (SILV) Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Escrowed Illuvium |
| Short Name | (SILV) |
| Circulating Supply | N/A |
| Max Supply | 1,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Play To Earn
Earn while playing
Escrowed Illuvium Earn crypto in ILV tokens as in-game rewards through playing, completing PVE quests, performing special achievements, and win prizes in tournaments and events.
Wager on Battles
Participate in and/or wager on matches in the Leviathan Arena, a PVP Battle Arena where players can battle each other to prove who is the strongest Ranger on Illuvium.
Trading on the Marketplace
Escrowed Illuvium Sell and trade captured Illuvials, farmed materials and other collectable/crafted NFT items on the IlluviDEX, Illuvium’s NFT marketplace, with zero gas fees for peer-to-peer trading with instant transactions thanks to integration with Immutable X.
True Ownership for Players
Escrowed Illuvium Backed by the blockchain, Illuvium gives you complete ownership over your in-game assets. Every successful Illuvial capture, farmed material, or crafted item is a non-fungible token (NFT) minted and stored in your crypto wallet. Each NFT is verifiable on the Ethereum blockchain, proving your ownership of that digital asset. By having true custody of your assets—versus them belonging to the game—you have the power to collect and trade NFTs in the marketplace at your discretion.
Tokenomics
Escrowed Illuvium Here aim to explain the tokenomics of the $ILV token, rigorously breaking down the total maximum supply, the role to be played by $ILV holders in decentralised governance and supporting the Illuvium game. Additionally, detail the various mechanisms by which the token is distributed.
Pre-Seed Sale
Escrowed Illuvium pre-seed sale was used to fund aggressive growth of the core contributors and allowed the protocol to bring on some of the best in the industry. They were offered 500,000 ILV at $1 USD each. As early stage investors are taking the highest risk, they must be rewarded with the lowest price. All tokens were sold in this round in a matter of days.
Seed Sale
Escrowed Illuvium seed sale was used to further accelerate new hires, audits, listings and all other cumulative costs. The seed sale began on the 15th of January and ran for less than half the allotted time. All 1,500,000 $ILV were distributed at a price of $3 USD.
Promo NFT Rewards
Escrowed Illuvium At the end of the bootstrap, the amount of ETH used for all purchases converts to points at a rate of one point per ETH. These points can be used to redeem promo NFTs that will only be available for a short period of time following the sale. This applies only to those who hold all of their ILV purchases after the sale concludes until the NFTs redeem window is closed.
Escrowed Illuvium The full list of NFTs redeemable in the BLP sale will be viewable in a follow up medium post prior to the BLP opening.
NFT Details
Escrowed Illuvium Rhamphyre NFTs are purely promotional. This means that they are not used in-game. However, this also means that they have a strictly limited supply. Once the claim period ends, no more will ever be minted.