Illuvium (ILV): tokenomics, risks and score
An open world creature collection game with genuinely high production values, distributing a share of in game revenue to token stakers.
What Illuvium is, and what it does
This is a gaming or metaverse asset. It exists inside a game or virtual world, where it is used to buy, earn or govern things within that product.
What the ILV token itself does: It receives a share of the fees the protocol collects, so holding it is a claim on real revenue.
Where it runs: Immutable. Mechanism: Game ecosystem governance and revenue share. It has been running since 2021, so roughly 5 years.
The facts
- TICKER
- ILV
- SECTOR
- Gaming and metaverse
- CHAIN
- Immutable
- LAUNCHED
- 2021, so around 5 years of operating history
- MECHANISM
- Game ecosystem governance and revenue share
- MAXIMUM SUPPLY
- 10 million
- VALUE CAPTURE
- Fee share
- UPGRADE CONTROL
- DAO governed
- VESTING
- Complete
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
A hard maximum supply that cannot be raised without the agreement of essentially every participant. A share of protocol fees reaches holders directly, which is the strongest form of value capture available.
Changes go through token holder governance, so control is distributed but influenced by whoever holds most. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- Supply is capped, so holders are not diluted indefinitely
- The token captures real protocol revenue rather than relying on speculation alone
- Audited, with published reports
- Fully open source, so the code can be independently reviewed
- Heavily concentrated ownership means a few wallets control the outcome
- Thin liquidity. Check order book depth before assuming you can exit
Incident history
No major exploit, collapse or regulatory action on record against this asset.
Our read
The main risk
Very long development timelines and modest player numbers relative to the capital invested.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.