The token economy of the ILV token used on the Illuvium platform is both complex and well-thought-out. It was designed to ensure the stability and growth of the Illuvium ecosystem while providing value and utility to its holders. Here are the main elements of the ILV token economy:Dual Purpose of $ILV Token $ILV serves as a governance token, allowing holders to participate in the decentralized governance of Illuvium and influence the project. Additionally, $ILV is a tradable token that can be bought, held, or exchanged.Pre-Seed and Seed Sale These sales were crucial for funding the growth of Illuvium's main contributors and accelerating project development. Early investors purchased 500,000 ILV tokens for $1 each in the Pre-Seed Sale, while 1,500,000 ILV tokens were distributed for $3 each in the Seed Sale.Balancer Liquidity Bootstrapping Pool (BLBP) This pool was used for the initial public sale of $ILV. By utilizing Balancer's Smart Pools, Illuvium could distribute up to 1,000,000 $ILV tokens without a lock-up period and initially list them for $50 per token.The Treasury The Treasury represents the collective interests and decision-making powers of the token holders. It can initiate and oversee various actions, such as allocating funds to Illuvium Labs for game development.The Vault The Vault acts as a central repository where all game-generated revenues are collected. The ILV tokens purchased in the open market are then distributed among the token holders, ensuring the transparency and fairness of the game's profit distribution.Yield Farming Yield farming is a mechanism to reward staked token holders for their contribution to the Illuvium ecosystem. The rewards that token holders receive are determined by a combination of factors, including the lock-up duration, the number of staked tokens, and the specific pool in which the tokens are staked.Distributions Distributions are the means provided to token holders through the actions of the Vault by converting game-generated revenues into ILV tokens. These distributions ensure token holders are fairly compensated for participating in the game.