Let's spread the word about this amazing project and shed some light on everything, lizards!
Here's what you need to know about @ethlizards in layman's terms:
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What is @ethlizards?
It's a GameFi Investment DAO that offers exclusive membership benefits and rewards to its holders.
There are two types of Ethlizards:
β -V1 Genesis (100 NFT collection of lizards)
β -V2 (5050 NFT collection of lizards)
Total #NFTs of 5,150.
Staking:
β - There are currently 516 staker's with a total of 1,980 staked.
β -If you stake your Lizard, you cannot withdraw it for 90 days.
β -Being an @ethlizards holder also gives you voting power in the DOA.
If you have staked your @ethlizards, you can collect rewards from the profits of the above projects. However, revenue distributions will occur only when over 50,000 USDC has been deposited.
They have a tournament coming up tomorrow with @xborg_official!
They call it the Illuvium Showdown #3. It's on April 15th and is a 24 hour tournament with $1000 prize pool.
So if you want to sign up there is a link on their twitter and we know how much we love @illuviumioπ
Investors (2M in total)
β - Pre-seed/seed round investors got $ILV tokens for $1/$3 (no staking rewards) and will be unlocked in late March 2022 at 5.5K tokens per day over a year period
The Team & Managements tokens (1.5M in total)
β - 1.4M tokens (Management) locked up for 3 years and gradually unlocked after late March 2022
β - 100k tokens owned by the team (unlocked same as pre seed/seed investors)
Treasury
β - 1.5M tokens Treasury controlled by the DAO (council must vote to use these tokens)
β - Council is 5 members voted in by the $ILV stakers and gets voted every 3 months
β - Council receives 10 $ILV per month in incentives to benefit the $ILV holders
Breakdown of the podcast with @KieranWarwick (Co-Founder) of @illuviumio
β - His real name is Ed Kieranπ
β - Illuvium will have FREE to play aspects and can grind enough to get into the Play to Earn game mode
β - To play the Play to Earn/Win model ($20-$30 estimate entry pointπ
β - Drones scan/mine in the overworld to get resources
β - Ranked arena = 2 same skill players vs each other (tournaments held under this mode and most battles) if you have a high level Illuvium it will normalize its level so all of them will be the same level like Axie Infinity
β - To play the Play to Earn/Win model ($20-$30 estimate entry point
β - Leviathan arena (Wager): Best of the best Illuviums/ players
β - Illuvium faints you can take it to revival center to get it back for a small fee or wait a period of time