$ILV

$ILV is an Ethereum-based, ERC20 token used as a cryptocurrency in Illuvium, a gaming ecosystem comprising a series of separate but interconnected games (e.g. Overworld, Beyond, Zero and Arena). $ILV serves as a governance token granting decision-making power, as a DeFi investment token granting a share of revenues, and also serves indirectly as a currency in-game. $ILV cannot be earned nor traded in-game but can be purchased on crypto markets.
Maximum issuance of $ILV Tokens is 10,000,000,000.
The price of this token is subject to high volatility.

What are $ILV tokens used for?

• Governance Token: ILV token holders have the right to propose, vote, and impact the Illuvium’s universe, most notably by nominating and voting for the members of the Illuvinati Council. (+ info)
• DeFi Token: Users can stake ILV tokens and earn a share of Illuvium‘s revenue distribution, based on the lock duration, the number of tokens staked, and the specific pool in which the tokens are staked. (+ info)
• Game Currency: Users can stake ILV tokens and chose to be rewarded in sILV2 tokens (in-game currency of equal value), which can then be used (instead of ETH or Fuel) for various in-game purchases (e.g. Land, Illuvitars, Region Travel, Shard Curing, Crafting).

How to acquire $ILV tokens?

• Airdrops: $ILV may also be distributed as rewards during special in-game events, promotions, or community initiatives organized by the development team or partners.
• Staking: $ILV holders can stake their tokens to earn staking rewards in the form of additional $ILV (with associated risk of net loss if fall in token value > staking rewards during lock period).
• Community Initiatives: In some cases, $ILV can be earned by contributing to user-generated content initiatives or creating valuable content that enhances the Meme Alliance community.
• Crypto Exchanges: $ILV may be purchased on a cryptocurrency exchange and imported into the game through a player’s crypto wallet.

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