• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Management updates from Illuvium DAO for February 2024

Management updates from Illuvium DAO for February 2024

user avatar

by Max Nevskyi

2 years ago


In February 2024, Illuvium DAO held various governance discussions, during which two proposals were voted on, one of which was accepted. Among the topics discussed were smurf accounts, the share of landowners' revenue, necessary features for the open beta testing of Overworld, and more.

The highlights of February included discussions on smurf accounts, a proposal to improve Illuvium regarding the share of landowners' revenue (IIP), the Beyond rewards structure, as well as marketing plans and features needed for the upcoming open beta testing of Illuvium: Overworld. It is also reported that the Core Council hopes to complete capital raising to provide Illuvium with additional support.

The community council also discussed smurf accounts, as well as issues related to the Fuel Crate airdrop, open beta testing progress updates, the free version of Illuvium: Zero, and improvements to arena leaderboard rewards.

In February, two proposals were voted on: one was accepted, and the other was rejected. The accepted proposal concerned the share of landowners' revenue, IIP-45-R, which entails providing landowners with a 5% share of revenue from the Illuvium game, regardless of fuel usage. This proposal represents a revised version that precisely defines the revenue share, now including all sales of digital products in the ecosystem. Specific details of the reward distribution mechanism were also included to provide landowners with clarity on what happens when fuel is not used for income generation or when fuel has not yet been produced.

Another proposal, which was rejected with 4 votes against, concerned the rewards structure for Illuvium Beyond. The aim of this proposal was to make Beyond more accessible to newcomers by introducing 2 separate leaderboard lists: one for individual waves and another for individual sets, allowing players to choose which list they would like to participate in. The proposal also involved increasing rewards and positions in the leaderboard lists, but the Core Council ultimately rejected this proposal due to "a lack of clarity and concrete actions." Despite the rejection, the Core Council "acknowledged the merits of this proposal" and thus potentially integrates it into the upcoming IIP Wave 3 of Illuvium Beyond.

Aside from these two proposals, there are currently no other proposals being voted on as many of them are still in development, especially for Illuvium Beyond.

For more detailed information on governance discussions, please refer to the official informational bulletin.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Buffett Indicator Hits Historic Highs

chest

The current ratio of the Buffett Indicator exceeds levels seen before the Dotcom crash and the Financial Crisis, reaching above 180 as of Q4 2025, raising concerns about the sustainability of the stock market rally.

user avatarMaria Fernandez

FTX Warns Users About Phishing Scams During Bankruptcy

chest

FTX warns users about phishing emails and counterfeit websites during bankruptcy proceedings.

user avatarLi Weicheng

European Stocks Surge Amid Anticipation of Fed Rate Cuts

chest

European stocks surged, marking their best week in six months amid anticipation of a Federal Reserve rate cut.

user avatarAisha Farooq

XPL Bulls Defend Key Support Level Amid Recovery Signals

chest

XPL bulls are stepping back in, showing renewed buying interest as the price holds steady in a critical support zone.

user avatarArif Mukhtar

Alpaca Launches Instant Tokenization Network for US Stocks

chest

Alpaca has launched its Instant Tokenization Network (ITN) for US stocks, allowing 24/7 minting and redemption of tokenized shares.

user avatarTenzin Dorje

Avalanche Enhances Its Role in DeFi.

chest

Avalanche is solidifying its role in decentralized finance with high transaction speeds and new partnerships focused on real-world asset tokenization.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.