ILV Token
ILV is not needed for gameplay: ILV is the token associated with Illuvium. ILV is an ERC20 token on the Ethereum blockchain.
ILV has three main functions:
Governance: Together, we have the power to shape the future of Illuvium through our community collaboration on game improvement proposals as well as electing the initial model of governance, the Illuvinati Council. ILV comprises voting power in the protocol.
Liquidity Mining: Here, you will gain more ILV (or sILV2). Staking ILV returns yield in the form of ILV, allows you to receive a share of vault distributions.
Vault Distributions: When you stake ILV, you share in Illuvium's success and earn a passive income of additional ILV, funded through in-game purchases and fees. Vault distributions will only be available from sales and once the game and Illuvidex are launched. 100% of revenue from the game and sales will be shared between ILV stakers.