What is Illuvium (ILV)?
Illuviu is an NFT RPG game and open-word environment. In the game, players can collect NFT monsters called “Illuvials.” They can then harvest, train, trade, and battle Illuvials against other players. Each Illuvial comes with a unique set of characteristics, making it important to build a well-balanced team for the “auto-battler.”
ILV is the game’s native token but players don’t need to buy it to participate. ILV is an ERC-20 token based on the Ethereum blockchain and has three primary functions:
Governance: ILV holders can buy ILV for voting rights. Take part in the future of the game’s developer and elect representatives of the Illuvinati Council.
Liquidity Mining: ILV holders can stake ILV for returns paid in ILV.
Vault Distributions: When ILV hodlers stake ILV, they can earn a passive income and share in the Illuvium’s success (similar to stock dividends). Staking rewards are funded through in-game purchases and other fees. Also, 100% of revenue from the game and sales of the game are shared between ILV stakeholders.
What are the benefits of Illuvium (ILV)?
Can “fun” be a benefit of Illuvium? It sure can! In life, it’s good to have some outlet for fun. An escape from reality that helps you unwind after a tough day at school or work. That is the primary benefit of Illuvium but it doesn’t stop there. There are also financial benefits of Illuvium via the native ILV token. As mentioned above, users can stake ILV and earn a passive income. They can also HODL ILV and benefit from its future growth as an investment. Then, there are benefits on other platforms like YouHodler that allow investors to expand their ILV portfolio even further with our suite of financial services.
Should I buy Illuvium (ILV)?
Illuvium had brilliant price history. However, that is in the past. What the future holds, no one knows for sure. However, Illuvium has a proven product that works and people adore. If the team can continue on this track and build Illuvium up, then buying ILV now would be a good investment. If you are considering buying ILV now, then be sure to do ample research first and keep up to date with the Illuvium project progress.
How to get an instant ILV loan
Don’t sell your ILV. Use it as collateral for an instant crypto loan and get up to 90% of your collateral’s value in a variety of currencies. We have ILV to USD loans, ILV to EUR loans, ILV to GBP loans, ILV to CHF loans, and stablecoin loans as well. Simply deposit ILV today, choose a loan plan – or create a custom one yourself – and you’ll receive up to 30,000 in a currency of your choice in seconds.
How to borrow Illuvium - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow ILV you first must convert one of the above to fiat and convert it to ILV using our exchange service.
Illuvium loan calculator
You can use our ILV loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan Illuvium, please check the calculator first to see which plan works best for you.
Illuvium lending process
Illuvium lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future ILV loans.
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