How To Buy Illuvium (ILV)?

A common question you often see on social media from crypto beginners is “Where can I buy Illuvium?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Illuvium (ILV)

First, you will need to open an account on a cryptocurrency exchange that supports Illuvium (ILV).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Illuvium (ILV) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Illuvium (ILV)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Illuvium (ILV) or Illuvium (ILV) trading pairs. Look for the section that will allow you to buy Illuvium (ILV), and enter the amount of the cryptocurrency that you want to spend for Illuvium (ILV) or the amount of fiat currency that you want to spend towards buying Illuvium (ILV). The exchange will then calculate the equivalent amount of Illuvium (ILV) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Illuvium (ILV) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

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What Is Illuvium (ILV)?

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.

The world of Illuvium is inhabited by creatures known as Illuvials, who can be captured by players that best them in battle and nurse them back to health. From then on, they become a loyal part of the player’s collection and can be used when battling other adventurers as part of Illuvium’s auto battler gameplay. 

The game is a fusion between an open-world exploration game and a PVP battle game. Players can spend their time exploring the expanses of the game world or building up their team of powerful beasts. 

Illuvium has been in development since 2020, and is being built by a worldwide team of more than 40 individuals, including the co-founders; serial entrepreneur and early cryptocurrency adopter Kieran Warwick, and experienced game designer Aaron Warwick, who are brothers. (And who are coincidentally also the brothers of Kain Warwick, the co-founder of DeFi platform Synthetix).

The ILV token has a number of uses within the Illuvium ecosystem. It’s the main token used to reward players for their in-game achievements, entitles players to their share of the Illuvium Vault and is used for participating in the governance of the game via the Illuvium decentralized autonomous organization (DAO). 

Illuvium Gameplay

Start by customizing your character. Then select your Polymorphic Subordinate Drone. Once you and your sidekick are ready, you can then head out to explore the various regions of the world, and the mysteries that shattered it. As you adventure, you will encounter Illuvials that you can fight. If you subdue them, use a Shard to snap them up so they are yours permanently. Be careful though, Shards have varying power levels. Less powerful Shards are likely to fail against powerful Illuvials. For players just starting out, you will be able to mine free shards that are only capable of capturing a select few Illuvials that are far less powerful than some. But you will be able to get started in the game without any expense and learn the mechanics. We feel this is a welcome change from games that require a large amount of capital upfront to play. There are many regions to explore, but most will be inaccessible to the first generation of players. Over time, players will unlock Obelisks which allow for travel to new beautiful, challenging, and important regions that come with new Illuvials to battle and collect, and shed more light on the enigma that happened here.

For some players, the draw of the game will be travelling across the world and collecting Illuvials. This can be incredibly lucrative, especially if a player manages to capture something rare and powerful. Illuvials will become harder to capture over time. As more and more are found, their capture rate will change, because it is fundamentally tied to the number that have been captured thus far. The difficulty to capture Illuvials will also grow. As you adventure and encounter Illuvials in the wild, your current team (including yourself) will grow in power.

Other players will choose to battle each other to prove who is the superior Hunter. These players will queue in the Ranked Arena where they can be matched with a random opponent of a similar skill, or call out other players in ad-hoc wagered matches in the Leviathan Arena. Other players will be able to spectate and wager on the outcomes.

Illuvium Mining and Harvesting

Your subordinate drone isn’t just a good-looking gadget. In addition to storage and assistance during battle, your PSD is also capable of mining minerals from the planet’s surface, and forging them into useful items. The landscape is speckled with deposits that contain ore, uncured shards, and rare gemstones. After harvesting these, use your drone to forge them into weapons and suits of armor by infusing the materials with energy. Some materials are much more rare, and provide stronger bonuses to your equipment. Wield these yourself for an advantage in combat, or sell them on the IlluviDEX. Illuvium is also littered with trees that produce various alien fruits that pulsate with energy. Harvest these to create enhancements for your Illuvials in battle, or to nurse them back to health without heading back to Sanctum Mesa.

Illuvium Shards

Shards are probably the most important item in the game. It is only with these shards that players are able to capture Illuvials that they best in combat. As such, each player will want to be stocked with a few before venturing into the world. You can mine them from deposits, but you’ll always want to make sure you have something available in case you encounter a rare Illuvial. Like most elements in the game, Shards come in a variety of tiers based on their power at capturing Illuvials. The stronger the Illuvial, the harder they are to capture. This is where a strong shard is most effective. The quality of the shard you pull from the ground is random, with the most powerful ones being the rarest. If you want to make sure that you can capture everything you find in the world, then it is worth checking out the IlluviDEX where you can acquire shards.

Illuvium Weapons

In Illuvium, it is not just the Illuvials that fight. You as the player character get to fight in the battle, wielding futuristic weapons that can be equipped with gemstones that store the essence of Illuvials, allowing you to emit an aura that boosts your Illuvials in combat. Your choice of weapons also determines your class, which gives additional benefits to your team. Weapons can be sold on the IlluviDEX like most other NFTs in the game.

Illuvium Armor

Also forged from items mined on Illuvium, armour is your defense against the beasts that you fight. If your armour becomes too damaged you may need to wait until it regenerates. However, your choice of armour can sway the battle, as each suit has different properties. Choosing the right one for you and your team is one of the many decisions you will make in the game. Armor can be sold on the IlluviDEX like most other NFTs in the game.

Illuvium Imbues

Imbues are cosmetic changes that can add value to a player’s collection by further differentiating their acquisitions from others. Imbues are modular in nature and can be applied to multiple items, or you may decide to sell them on the IlluviDEX. Various items in the game can be imbued, such as weapons, armour and even your Drone.

How Does Illuvium Work?

Although Illuvium has blockchain-based elements, it is more akin to a full-fledged video game. It’s accessed through a downloadable desktop app, but also has a range of supporting DeFi applications surrounding it — including a yield farm and decentralized exchange. 

Inside Illuvium, you will encounter wild, mysterious, and combative creatures called Illuvials. On your journey through the many regions of this broken planet, you hunt, defeat, and capture them. To do this, you need a Shard; a specially-constructed sliver of crystal that traps the quantum signature of the beast inside. The quality of your Shard determines the chance of capture. A successful capture results in a new NFT token representing the Illuvial being minted and stored in your wallet. When you manage to capture a few of the same type, you Fuse them together, which burns the existing tokens and mints a more powerful creature.

Illuvials have a range of characteristics that make them variable in their rarity, utility, and desirability. These include:

• Classes: Empath, Fighter, Guardian, Rogue and Psion.
• Affinities: Air, Earth, Fire, Nature and Water.

Through its class and affinity are its most important attributes, each Illuvial has a large number of additional attributes that also help determine its strength in combat, some of these can include: attack damage, attack speed, and savagery. Illuvials get stronger with victory, can be enhanced with in-game items and can be upgraded into a special “ascended” form — which benefits from two affinities at once. 

Each Illuvial is represented by a unique non-fungible token (NFT) and can be freely traded on external exchange platforms and the gas-free IlluviDEX (more on this later). They can also be fused into more powerful forms, and come in normal, holographic and dark holographic variants which are considerably more scarce. 

The game will feature a variety of revenue streams, mostly derived from in-game purchases of items, crafting components, cosmetics and shard curing. 100% of this revenue is distributed as rewards to those staking the ILV tokens through an ILV buyback system.

Immutable X makes this vital process much easier, by taking away distraction and letting players simply explore and enjoy the world. Players are not bombarded by constant GAS fees for every little change to their collection. And transactions happen much faster, so players can stay focused on what they came here to do: Explore, Collect, Battle, and Earn.

What Makes Illuvium Unique?

Unlike most other blockchain-powered games, Illuvium features a fully 3D environment, with over 100 unique Illuvials found scattered throughout its various regions. Each Illuvial is designed by a team of world-class artists, ensuring it appeals to players accustomed to big-budget retail games.

Beyond this, it boasts a number of features that help it stand out from both other blockchain-enabled games and AAA titles. These include:

• Layer-2 Integration
  Although Illuvium is secured by Ethereum, it is built on Immutable X (IMX) — a layer-2 solution that is designed to help scale applications with NFT functionality. By leveraging Immutable X’s capabilities, Illuvium ensures players can mint and trade their NFTswith zero gas fees and practically instant transaction finality. Players always maintain custody of their assets while using IMX. 
• The IlluviDEX
  Illuvium features a built-in decentralized exchange (DEX) platform appropriately named the IlluviDEX. This can be used for trustlessly exchanging Illuvium assets, including Illuvial NFTs. A 5% fee is deducted from each sale and funneled into the rewards pool for ILV stakers. 
• Yield Farming
  A total of 3 million ILV — equivalent to 30% of the maximum supply(10 million) — are allocated to the Illuvium yield farming program. These will be distributed over a period of three years to users contributing liquidity and through various partner reward schemes.

Illuvium development updates in 2023

Illuvium has seen significant developments in 2023, blending the worlds of gaming and decentralized finance (DeFi). Here’s an overview of the most important updates and innovations:

• Game Development and Launches:

  • Public Beta Launch: Illuvium has targeted its public beta launch for Q4 of 2023 (October to December). This launch is expected to feature operational resources, skins, and leaderboards. Unlike the private beta versions, this public launch will be generally accessible to all without requiring a beta key​​.
  • Mobile Version of Arena: A significant development is the planned release of a mobile version of the Illuvium game, slated for Q2 of 2024​​.
  • Illuvials and Gameplay: Players in Illuvium can explore the game world to hunt and capture NFT beasts, known as Illuvials. These Illuvials can be used in battles or sold in the marketplace. The game merges open-world exploration with PvP auto battler elements​​​​​​.

• Financial Aspects and Token Use:

  • Financial Strategy: Illuvium has faced financial scrutiny, with concerns about cash reserves running out before the release of revenue-generating games. However, co-founder Kieran Warwick pledged a significant amount of ILV tokens to create an emergency fund if needed​​.
  • ILV Token Utility: The ILV token, which is integral to the game, serves various functions including governance, player rewards, and participation in the Illuvium DAO. Players can earn ILV through in-game achievements and use it in the Illuvium Vault​​.

• Technological Innovations and Features:

  • Blockchain Integration and NFTs: Leveraging blockchain technology, Illuvium offers players true ownership of in-game assets in the form of NFTs. Players can capture and trade over 150+ Illuvials, each with unique abilities and synergies​​.
  • Layer-2 Integration with Immutable X: Illuvium uses Immutable X, a layer-2 solution, for scalable and gas-free NFT minting and trading, maintaining custody of assets while using the platform​​.
  • Yield Farming and sILV: The game features a unique yield farming reward system, with a portion of ILV allocated for distribution to liquidity providers. Rewards earned through farming are initially locked but can be converted into sILV, an in-game asset, for immediate use​​.

• Community Engagement and Growth:

  • Community Involvement: Ahead of its launch, the Illuvium team has actively engaged the community through various initiatives, including giveaways and airdrops. The community has shown significant growth, with a notable increase in members across platforms like Discord and Twitter​​.

• Comparative Perspective with Other Games:

  • Illuvium distinguishes itself from other blockchain games with its AAA-quality 3D environment and a range of unique Illuvials. Its gameplay, combining exploration and auto battler elements, sets it apart in the blockchain gaming space​​.

Illuvium’s developments in 2023 indicate a robust blend of gaming and blockchain technology, with a focus on immersive gameplay, community engagement, and innovative use of NFTs and DeFi elements. As the game nears its public beta launch, it is poised to be a significant addition to the blockchain gaming ecosystem.

Official website: https://www.illuvium.io/

Best cryptocurrency wallet for Illuvium (ILV)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Illuvium (ILV)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).