Illuvium NFT App Walkthrough

Illuvium NFT App Walkthrough for beginners

Illuvium NFTs Games Guide for begginer, how to play a game crypto.

The tokenomics of Illuvium are quite compelling, with a fixed maximum of 10 million ILV and only the potential to decrease with the issuance of sILV. Revenue distribution provides a long term potential for value in addition to standard token price appreciation. The distribution of tokens was intended to be decentralized from the start, with half of the tokens available to the public for purchase or issued via staking, with another 15% reserved for rewards and potential future esports prize money. Kieran’s announcement of senior management locking their tokens for an additional two years helps provide confidence to the community of the long term commitment to the project by the leaders, and reduces the risk of potential token dumps in the coming years.

The current circulating supply of ILV is likely to remain constant until March 2022. At that time, the linear unlock of tokens begins, with unlock occurring for the next year for seed token holders and team members, and three years for the senior management. The other major unlock event will occur beginning in June 2022 as we begin to see staking token rewards hit the market. It should be noted that staking tokens do not NEED to be redeemed at this time, only that they CAN be removed from the staking pool. Leaving unlocked tokens staked provides benefits of compounding, which will last until June 2024.

Desclaimer:

This App is a guide for Illuvium Crypto Games. Not Affiliate with.