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Welcome to the world of Illuvium. A shattered land of beauty and wonder. Travel the vast and varied landscape hunting dangerous beasts, then capture them to battle in the Arenas or trade via the exchange.
Prior to launch of the game, $ILV holders may choose to stake $ILV to access the liquidity mining program (a type of ‘yield farming’ that has become popular with DeFi protocols where the founding teams seek to decentralise the governance of the protocol).
The purpose of the liquidity mining program is to distribute $ILV from the Illuvium Treasury to early Illuvium community members to: 1) achieve a distributed holding of $ILV tokens across more of the Illuvium community, 2) incentivise new people to participate in the Illuvium community, and 3) to enable a more liquid and transparent market for the trading of $ILV. The greater the size of the Illuvium community, the greater the prospects of decentralised governance as well as a self-regulating community that discourages bad actors and manipulation of governance and the game. Once the game is launched, users can stake $ILV as a signal of belief and support in the game and its governance model and receive access to governance and distributions from in-game fees.
A fully decentralized protocol, Illuvium represents a new age in gaming. It has been engineered from the ground-up to support the long-term sustainability of the Illuvium game and governance and provide players with a AAA-rated blockchain gaming experience. What makes Illuvium unique is that stakers receive regular distributions and can vote on everything from tokenomics related issues to the features in the game itself. With Illuvium, the power to define the project into the future is purposefully left to those who stake in the protocol.