Question: What is utility has the ILV when we know that

ILV is not needed for gameplay in any way. Instead it 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. Liquidity Mining: Here, you will gain more ILV (or sILV). Additional ILV will increase your voting power in governance & increase your 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. For further details please read: <https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be> <https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac> <https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507>

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18.12.2021

TKO

Samuel Datsun
No looks like will be ETH and sILV only, that’s wh...

#staking

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18.12.2021

Rose

Samuel Datsun
No looks like will be ETH and sILV only, that’s wh...

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following: - You acquire either some ILV or some Sushi LP tokens - You go to: <https://staking.illuvium.io/staking/core> - You enter the right pool according to the tokens you acquired - You decide whether to lock your deposit or not (if locked, you will receive more rewards from yield farming and revenue distribution, but you cannot withdraw your deposit until the chosen locking period is over) - After approving the contract (if this is your first interaction with it) you confirm the staking of the desired tokens You can find an in-depth video for staking here: <https://www.youtube.com/watch?v=C6YugU4zZr4&t=1s>

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18.12.2021

Samuel Datsun Автор вопроса

TKO
#ilv

Thanks 🙏

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18.12.2021

Gaëtan · Accepted Answer

Gaëtan

Are you sure about that? I thought the land sale and in game currency will be ILV/sILV...

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18.12.2021

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Question: What is utility has the ILV when we know that

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