Illuvium has unveiled plans for a massive token airdrop initiative. The company will distribute 250,000 ILV tokens, valued at $25 million, to its community members. 50,000 ILVs will be allocated to reward loyal members, and an additional 200,000 ILVs will be reserved for participants in a play-to-airdrop program set to run for six months.
The loyalty airdrop aims to recognize users who have actively engaged with the Illuvium ecosystem over the past three years. Rewards will be determined based on an internal points system that considers activities such as staking in the ILV and/or Sushi Liquidity pools, expenditures within Illuvium Zero Land, and trading fees on the IlluviDex platform. The snapshot for the airdrop was taken on April 14th, with distribution scheduled for the second quarter of 2024.
In addition to the loyalty airdrop, Illuvium has also introduced a play-to-airdrop component where users can earn points by engaging in activities such as battling in Illuvium: Arena, building lands in Illuvium: Zero, trading, and completing albums in Illuvium: Beyond. The points earned through these activities will be standardized across all games within the Illuvium ecosystem.
Furthermore, Illuvium has announced the upcoming release of Private Beta 4, which will launch on April 30th. Interested players can now register for the beta testing phase to experience the gaming studio’s latest offerings.
Illuvium offers a collection of decentralized role-playing games (RPGs) set in captivating and diverse worlds. Players can explore expansive landscapes, hunt creatures, engage in battles, and trade assets on the exchange. The interconnected games enable users to utilize their assets in various ways throughout the series.
Developed as a fully decentralized protocol, Illuvium provides players with an AAA blockchain gaming experience. Stakers can participate in voting on different aspects of the game and its tokenomics, granting them influence over the project’s direction. Additionally, stakers receive consistent yields and revenue distributions from the game.
The ILV token within the Illuvium ecosystem serves as a governance token, allowing holders to engage in decentralized governance and shape the project’s future. It also functions as a tradable asset, offering holders the ability to purchase, retain, or exchange it for value and utility.