Details about Escrowed Illuvium cryptocurrency
Escrowed Illuvium
SILV
Unknown for now
€826
110,729
28.64
Unknown
https://www.illuvium.io/
@illuviumio
Escrowed Illuvium price charts
SILV exchanges
Escrowed Illuvium, the crypto
Escrowed Illuvium (SILV) is a cryptocurrency that is linked to the Illuvium (ILV) ecosystem. SILV tokens are earned by users who lock in their ILV tokens for a set period of time. These locked-in tokens are referred to as escrowed ILV or eILV, hence the name Escrowed Illuvium.
The point
The main point of Escrowed Illuvium (SILV) is to incentivize users to hold onto their ILV tokens for a longer period of time. By locking in their ILV for a specific timeframe, users can earn additional SILV tokens based on the length and size of their lockup. This rewards long-term holders and creates a more stable ecosystem for the Illuvium project.
The problem
Escrowed Illuvium (SILV) tries to solve the problem of short-term holding and price volatility that can occur in the cryptocurrency market. By encouraging users to hold onto their tokens for a longer period of time, SILV tokens incentivize stability and discourage quick trades that can cause price fluctuations. This helps create a more sustainable and long-term ecosystem for Illuvium (ILV) and its community.
Compare SILV and BTC performance
| Timeframe | SILV | BTC |
|---|---|---|
| 1h change | -0.123804 % | 0.2369 % |
| 24h change | -7.89 % | 4.23053 % |
| 7 day change | -0.29 % | -8.99824 % |
| 14 day change | -93.13 % | -5.57204 % |
| 30 day change | -99.99 % | 1.13445 % |
| 200 day change | 0 % | 132.592 % |
| Year change | 0 % | 116.788 % |