Illuvium is another Ethereum-based battle game. While Illuvium has blockchain-based elements, it looks more like a common video game. As a full-fledged video game, it’s available via a downloadable desktop app. However, to make it closer to the crypto world, Illuvium also has a number of supporting decentralized finance apps, such as a Yield farm and decentralized exchange. A player collects Illuvials that are presented by unique NFTs.
The game has its own token — Illuvium (ILV).
It’s an ERC-20 token compliant with the Ethereum network. The total supply is capped at seven million units.
The Illuvium protocol was created to raise the value of the native token and give players a AAA gaming experience. The game offers a wide range of revenues, and 100% of them are distributed as rewards to users who stake the ILV tokens through the ILV buyback system. Moreover, stakers can vote on internal network developments and features in the game itself.
The ILV is paired with the US dollar. USD is a legal tender in eight countries and five US territories. It is used for global trade operations and serves as one of the major reserve currencies. The rate of USD affects the price of the ILV/USD pair. You should always keep in mind that significant economic events will increase the volatility of the US dollar.
The best time to trade the ILV to USD pair is the American trading session, which lasts from 15:00 to 24:00 (GMT+3, indicated in LiteFinance trading platform). During these periods, investors provide increased liquidity of the US dollar. As cryptocurrencies are traded without breaks, it’s worth entering the market when the US dollar has a higher degree of liquidity.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
