ILV is the native cryptocurrency of the Illuvium game. It's used for staking, governance, and as a reward for players within the game's ecosystem. Players can earn ILV by participating in various in-game activities and through liquidity mining.
Utility:
ILV serves as the primary currency within the Illuvium game, used for various in-game actions, including:
Rewards: Players earn ILV for completing quests, battling Illuvials, and participating in other in-game activities.
Staking: ILV tokens can be staked to earn rewards and participate in the game's governance.
Governance: Token holders can participate in the Illuvium DAO, voting on proposals and contributing to the game's development.
sILV:
A related token, sILV (Escrowed Illuvium), is also used in-game and can be used immediately, while ILV rewards may require a lock-up period.
In-Game Marketplace:
While the Illuvium marketplace uses ETH for transactions, ILV is still the underlying token that governs the ecosystem.
