Blockchain gaming universe Illuvium announces $25 million token airdrop plan and distributes 250,000 ILV tokens to players.

Illuvium (ILV), a gaming studio in the interoperable blockchain games (IBG) space, announced plans to conduct a $25 million token airdrop, distributing 250,000 ILV to community members. This distribution includes 50,000 ILV allocated exclusively to reward loyal members, with an additional 200,000 ILV reserved for participants in the Play to Airdrop program, which will last for six months.

The loyalty airdrop is designed to recognize users who have actively participated in the Illuvium ecosystem over the past three years. Each individual user's ILV incentives are determined by an internal points system that takes into account a variety of activities, including staking ILV and/or Sushi liquidity pools, spending within Illuvium Zero Land and Illuvitars, and IlluviDex trading fees. The snapshot of this airdrop was captured at 23:59 UTC on April 14, and rewards are scheduled to be distributed in the second quarter of 2024.

In the Play-to-Airdrop portion, users will earn points based on their level of participation, including participating in battles within Illuvium: Arena, building and trading lands in Illuvium: Zero, and completing albums in Illuvium: Beyond. The point system for these activities will be standardized across all games within the project ecosystem.

Illuvium also revealed the release of Private Beta 4, scheduled for April 30th. Interested players can register now.

A collection of decentralized RPGs providing a AAA blockchain gaming experience.

Illuvium presents a collection of decentralized role-playing games (RPGs) and games set in fascinating and diverse worlds. It allows users to explore vast landscapes, hunt a variety of creatures, battle in the arena or trade on the exchange. The interconnected games allow users to utilize assets from across the series in a variety of ways.

Illuvium is developed as a fully decentralized protocol to provide players with a AAA blockchain gaming experience. This allows stakers to participate in voting on various aspects of the game and token economics, giving them the ability to influence the trajectory of the project. Stakers are also entitled to consistent returns and distribution of gaming profits.

Meanwhile, the ILV token plays a dual role within the Illuvium ecosystem. It serves as a governance token and gives holders the ability to participate in Illuvium's decentralized governance, shaping the future path of the project. ILV also provides value and utility by functioning as a tradable asset, allowing holders to buy, hold, or exchange it.

At the time of writing, the value of the ILV token is $96.96, down 7% over the past 24 hours based on data from CoinMarketCap.

Blockchain gaming universe Illuvium announces $25 million token airdrop plan and distributes 250,000 ILV tokens to players. It first appeared in Metaverse Post.