“Illuvium Integrates Chainlink Price Feeds for Accurate “Digital Land” Prices”
Illuvium is expanding its Chainlink Integration by including Price Feeds for accurate and real-time price data for digital lands.
Illuvium is the first AAA title that leverages play-to-earn mechanics, so they had to choose something with the best off-chain price data. As Chainlink Price Feeds is the industry standard due to its cutting-edge academic research, it was the best option for Illuvium.
There is an ongoing sale of Illuvium: Zero Land Plots – the Illuvium x Chainlink Price Feeds integration will ensure that the Zero Land plots’ price data is real-time and accurate so that everyone pays a fair price for lands – the price will be the same no matter if you pay in ETH or sILV2.
Chainlink is an industry-leading decentralized oracle network utilized by most of the blockchain projects of today. Whenever there is a need for a rich source of decentralized price data, Chainlink Price Feeds is the way.
Thanks to its oracle node, oracle network levels, and multiple sources of decentralization, Chainklink Price Feeds cannot be tampered with by anyone.
Illuvium: Zero Land Plots
In Illuvium: Zero, land plots play a crucial role in making the environment interesting and wanted. As the players own land plots, they receive FUEL – the governance token (ERC-20) that can be used to build structures and upgrade them.
Illuvium is aware that there are thousands of people who have registered for land sale so they have decided to go with the Dutch Auction method – to eliminate any unnecessary hike in gas fees. The Dutch-Auction will last for three days.
(Dutch-Auction – There is an Initial set price, it keeps decreasing until someone buys the product)
All the revenue from these sales will be returned in the first distributions to staker.
Land Plots – Tiers
The Land Plots have five tiers. The Tier 1-4 plots can be bought in ETH and sILV2, while Tier 5 plots can be bought by only ETH.
To make sure that Tier 1-4 plots, as they can be bought in both these cryptocurrencies, Illuvium had to make sure that the price ratio was accurate – Chainlink Price Feeds is now going to make it possible.
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