There are 5 slots that players can allocate armor to: Head Armor, Torso Armor, Arm Guards, Leg Guards and Foot Guards. Each piece of equipment has a level, weight, durability and multiplier assigned to it, apart from additional status effects that the equipment can apply. Armor is color coded by their rarity: Common, Uncommon, Rare, Exotic and Divine. The rarer the item, the more beneficial status effects it will possess.
In order to make use of the special attributes of a piece of armor, you need to reach certain stat requirement (like 8 in Body - and 8 in Skill)
Equiping a piece of armor without having reached these stat requirements, also results in a reduction in the Defense value of the armor piece.