Illuvium: Launched an airdrop of approximately $25 million worth of ILV tokens.

ChainCatcher news, Web3 metaverse game Illuvium announces the launch of the largest token airdrop event in GameFi history. This airdrop season totals 250,000 ILV tokens, valued at approximately 25 million dollars. Of these, 50,000 tokens are allocated to reward loyal users of the Illuvium ecosystem, while the remaining 200,000 tokens will be distributed during the 6-month "Play-to-Airdrop" event.

It is reported that the loyalty airdrop will reward users who have participated in the Illuvium ecosystem over the past 3 years, including staking ILV tokens, providing LP liquidity, purchasing virtual land, trading NFTs, etc., and will be distributed in Q2 2024. Illuvium took a snapshot on April 14, 2024, at 23:59 UTC.

The "Play-to-Airdrop" event requires users to participate and interact as much as possible in four Illuvium games, including arena battles, virtual world exploration, land development, NFT collection and trading, etc. The activity points will determine the amount of airdropped ILV.

Additionally, the first batch of 20,000 ILV will be distributed during the Beta testing phase starting at the end of April, followed by the game entering public testing at the end of May, with 180,000 ILV to be airdropped over the 5 months following the official launch.