Adventure Gold

About Adventure Gold

Adventure Gold, known as AGLD, is a digital token that operates on the Ethereum platform following the ERC20 standard. It plays a crucial role within the Loot NFT initiative, allowing owners of Loot NFTs to gain governance rights and voting capabilities within the Loot ecosystem. AGLD is also anticipated to become the primary currency for a future game linked to the Loot initiative.

Within the scope of the Loot NFT project, AGLD token holders have the privilege of obtaining “Loot Bags.” These bags are unique as they contain a variety of fantasy-themed, text-based equipment lists, encapsulated as NFTs on the blockchain. The project caught the NFT community’s eye, receiving a notable boost from Ethereum’s creator, Vitalik Buterin.

An initial giveaway enabled Loot NFT owners to collect 10,000 AGLD tokens each, sparking considerable interest and expansion of the project. Presently, there are 70,170,001 AGLD tokens in circulation.

Dom Hofmann, recognized for co-founding the discontinued video platform Vine, initiated the project. Will Papper, associated with the Syndicate DAO and part of the Loot community, played a pivotal role in launching AGLD as the ecosystem’s inherent token.

What Is Loot?

Loot is a novel project on the Ethereum blockchain, crafting the basis for a game currently under construction by its community. This initiative features 8,000 “Loot Bags,” each filled with a random assortment of game-related items such as weapons and gear, each with varying levels of rarity.

Enthusiasts of gaming will note the inclusion of items designed to serve as in-game weaponry, armor, and attributes, all intended for use in an upcoming game that’s still in the development phase.

Obtaining these Loot Bags was initially free, aside from the Ethereum network’s transaction fees incurred during their creation. Despite this, they quickly became a hot commodity, fetching substantial amounts on the market.

Distinctively, Loot stands out in the NFT realm primarily because these items were offered for free, a rare strategy aimed at generating interest rather than immediate profit. Unlike the typical visual art NFT, Loot’s assets are text-based descriptions of potential game items, categorized into levels from Common to Mythic, reflecting their scarcity and potential in-game value.

The worth of each Loot Bag varies significantly, hinged on the rarity of the items it contains. The trading of these bags is largely speculative, with many banking on the future utility and value these items may hold in the yet-to-be-completed game.

A unique aspect of Loot is that the items are designed with smart contracts, allowing them to interact within the Ethereum ecosystem. This opens possibilities for their use in a variety of games and digital experiences, with the community driving the development of the game, including its art, lore, and narrative.

Moreover, the Loot model has inspired similar ventures, such as the FLOOT token, which introduces “Familiars” NFTs to the mix. Owners of Familiars are promised 110,000 FLOOT tokens for each NFT, mirroring the community-driven and participatory ethos of the original Loot project.

What Is AGLD Token Used For?

The Adventure Gold (AGLD) token plays a crucial role in the dynamics of the Loot project, primarily in steering the direction and development of the community-led game. Token owners utilize AGLD to participate in key decision-making processes, such as the development of the game’s narrative and its various elements.

An illustrative instance of this is the decision-making process for the first chapter of the “Holy War” narrative, where AGLD token holders had the opportunity to vote on a pivotal decision in the story: whether the protagonist would don a crown.

These voting sessions are facilitated by Snapshot, a decentralized platform designed to simplify the voting process for numerous initiatives.

Beyond its function in governance and decision-making, AGLD is poised to become a medium of exchange within the game, allowing players to trade items. While the specific roles and utilities of AGLD are still evolving, the anticipation around its potential functions fuels speculative trading among investors. The significance and application of AGLD tokens are expected to evolve as more details about the game and associated projects emerge.

Tokenomics

Adventure Gold (AGLD) is a cryptocurrency with a maximum supply of 70 million tokens. The project allocated 10,000 AGLD to each of the 8,000 original Loot non-fungible tokens (NFTs) through an airdrop. The remaining AGLD tokens were distributed to the public via various cryptocurrency exchanges. At present, the largest AGLD token holders are popular trading platforms such as Huobi and Uniswap V3, where users can buy, sell, and trade the tokens. The unique distribution method, which involved both NFT airdrops and exchange listings, has contributed to the widespread availability and liquidity of Adventure Gold in the cryptocurrency market.

Roadmap and Future Development Plans

Although AGLD began its journey with a simple and clear utility within the Loot ecosystem, the future visions for this token are expansive and integrative. The developers and community alike envision AGLD transcending its initial use-cases, becoming a prevalent token within and potentially beyond the Loot universe.

The roadmap entails enhancements in utility through partnerships with other gaming projects and entities in the metaverse, providing wider acceptability and integration for AGLD. Furthermore, developmental strides are anticipated in creating a more robust and feature-rich ecosystem, where AGLD can be utilized in numerous ways, such as staking, governance, and further enriching the user experience within digital realms.

Exchanges and Wallets Supporting AGLD

Adventure Gold has gained recognition and support from numerous platforms within the cryptocurrency space. AGLD can be traded, bought, and sold on decentralized exchanges such as Uniswap and SushiSwap, enabling users to engage with the token using Ethereum and other ERC-20 tokens.

Regarding wallets, as an ERC-20 token, AGLD can be stored in any wallet supporting Ethereum-based tokens. Popular choices among users are MetaMask, IronWallet, Trust Wallet, Ledger hardware wallets and a cold mobile wallet called IronWallet. These platforms not only facilitate secure storage but also enable users to interact with decentralized applications, further expanding the utility and applicability of AGLD in the digital space.