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Cryptocurrency Guide | Guides

What Is Adventure Gold (AGLD)? All You Need To Know

Author

Rickie Sanchez

Tags

Tags Editor's Choice / Slider Posts

Reading time

3 mins
Last update

Author

Rickie Sanchez

Tags

Editor's Choice / Slider Posts

Reading time

3 mins
Last update

Author

Rickie Sanchez

Tags

Editor's Choice, Slider Posts

Reading time

3 mins
Last update


agld

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Key Takeaways

  • AGLD is the native token of the Loot Project, a unique collection of text-based NFTs representing adventurer gear. It fuels a community-driven ecosystem where artists, gamers, developers, and writers collaborate to build content and stories around the Loot NFTs.
  • AGLD is envisioned as the primary currency within games and projects built on the Loot Chain, a layer-2 blockchain specifically designed for the Loot ecosystem.
  • AGLD’s distribution was 100% airdropped to Loot NFT holders to create a solid and engaged community.

What Is Adventure Gold (AGLD)?

Adventure Gold (AGLD) is the native token of the Loot Project, a unique experiment in the NFT space. The project consists of 8,000 text-based NFTs representing randomized adventure gear. There are no images, statistics, or predefined functionality, leaving interpretation and utilization open to the community.

How Does Adventure Gold (AGLD) Work?

Adventure Gold (AGLD) is an ERC-20 token with multiple functions within the Loot NFT ecosystem. Here’s a breakdown of how it works:

Primary Functions

Governance

AGLD serves as the main governance token for the Loot project. By holding and staking AGLD, users gain voting power on crucial decisions related to the Loot ecosystem’s future development, including storyline, gameplay features, and integrations.

In-Game Currency

While no official game has been launched, AGLD will be the primary in-game currency for future Loot-based games. Players can use it for various purposes, such as buying items, crafting gear, and participating in in-game activities.

Purchasing Loot Bags

AGLD enables users to purchase Loot Bags containing randomly generated lists of fantasy-themed adventure gear items stored as NFTs on the blockchain. These items can be used in future Loot games or traded on NFT marketplaces.

Adventure Gold (AGLD) Token And Tokenomics

Tokenomics

The AGLD token is Adventure Gold’s native cryptocurrency. It is used for:

  • In-Game Currency
  • Governance

Token Details

Total Stock 77,310,001 AGLD

Circulating Stock 77,310,001 AGLD

Current Price $1.49

Market Capitalization $115,441,067

This information is current as of April 8th, 2024, and the token’s price, market value, and available supply may fluctuate.

Distribution

  • Initial airdrop to Loot NFT holders (Around 10,000 AGLD)
  • Remaining tokens released on the open market

Where Can I Buy Adventure Gold (AGLD)?

Binance Binance is a major exchange offering a wide range of cryptocurrencies. It offers multiple ways to buy crypto, including credit cards, debit cards, and peer-to-peer (P2P) trading.

Bybit This exchange is known for its derivatives and margin trading features, but you can also use the platform for spot trading.

Coinbase Coinbase is an American-based cryptocurrency exchange that allows you to buy cryptocurrencies using various payment methods, including bank transfers, debit cards, and wire transfers.

Is Adventure Gold (AGLD) A Good Investment?

Pros

  • Community-driven – Loot fosters a strong community that actively participates in development through AGLD governance.
  • Open-source – Transparency and developer accessibility can bolster trust and attract new projects to the Loot ecosystem, potentially increasing AGLD’s utility.
  • Potential for diverse applications – AGLD could become a widely used in-game currency or serve other purposes within the Loot ecosystem and beyond, driving demand.

Cons

  • Limited adoption – Loot is still in its early stages, and AGLD’s adoption outside its ecosystem is minimal. Widespread acceptance is crucial for long-term success.
  • Competition – Numerous other NFT-based gaming projects exist, each with its token. AGLD faces stiff competition for user adoption and market share.
  • Uncertain regulatory landscape – Regulations surrounding cryptocurrencies and NFTs are constantly evolving, which could create unforeseen challenges for the Loot project and AGLD.

Final Thoughts

Overall, AGLD looks into the future of NFTs and community-driven gaming. However, careful consideration of the potential challenges is essential before making any investment decisions.