A free-to-play gaming altcoin is seeing critical progress after being listed on world crypto buying and selling platform Binance.
Illuvium (ILV) is a decentralized role-playing recreation (RPG) using non-fungible tokens (NFTs). The open-world journey recreation is constructed on the Ethereum (ETH) blockchain and its native crypto asset simply made its debut on Binance.
The sport is designed to permit gamers to gather NFT creature tokens via on-line battle, utilizing the ILV token as an in-game foreign money. Gamers may also stake the ILV cash they earn, after which use them to vote on future protocol updates and earn a share of the sport’s income.
Illuvium additionally makes use of the ImmutableX blockchain to permit customers to avoid paying the fuel charges usually related to buying and selling NFTs, in line with venture builders.
“One of many major points NFT tasks and customers are at present going through is the price of performing transactions on the Ethereum community.
With limitations on the variety of transactions ETH can deal with, customers on the community have bid up fuel costs to make sure their transactions shortly settle… ImmutableX adjustments this, permitting customers to commerce their NFTs with out paying fuel charges.”
Illuvium is buying and selling at $577 at time of writing, a 11% lower from its 24-hour excessive of $641, in line with CoinMarketCap.
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