What is Illuvium coin used for?
Illuvium coin (ILV) is primarily used within the Illuvium game ecosystem, an Ethereum-based NFT game. It serves as a reward for players' achievements, can be staked for additional rewards, and allows holders to participate in game governance through the Illuvium DAO. ILV has a limited total supply and is an ERC-20 token, making it integral to the game's economy and community.
What does Illuvium coin do?
I'm curious about the functionality of Illuvium coin. I want to understand its purpose and what it can be used for within the Illuvium ecosystem or potentially beyond.
What is the maximum supply of Illuvium coin?
I'm curious to know, what is the maximum supply of Illuvium coin? Is there a cap on the total number of coins that will ever be in circulation, or is the supply unlimited? If there is a cap, what is it and how does it impact the value and scarcity of the coin? Understanding the maximum supply is crucial for investors to assess the potential for growth and adoption of the currency. Can you provide more insight into this aspect of Illuvium?