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What is Adventure Gold coin (AGLD) and how does it work?

by Financial Economy

Adventure Gold (AGLD) is the native ERC-20 token of the Loot non-fungible token (NFT) project. Loot is a text-based, random adventure gear created and stored on-chain by Dom Hofmann, co-founder of social media network Vine. Detailed information about what is Adventure Gold coin (AGLD), how does it work, how much it costs, where to buy it, etc. is in the continuation of the content. Information about Ontology Gas coin (ONG) you can browse here.

What is Adventure Gold coin (AGLD) and how does it work?

Adventure Gold was released on September 2, 2021, allowing each owner of a Loot NFT to claim 10,000 tokens for free. While the price of AGLD skyrocketed in the early days of trading, this airdrop was worth $70,000 per NFT. AGLD founder Will Papper claimed he wanted to set a standard for projects built on Loot by providing a currency for the decentralized gaming universe.

Adventure Gold follows a community-driven approach that builds on Loot as a form of endorsement, underlying the Loot NFT game. The simplicity and uniqueness of Loot inspires the Web3 community to come up with a multitude of derivative projects based on its code, while Adventure Gold itself aims to be used as a governance token and enable users to vote on future in-game credits or future editions.

Additionally, Adventure Gold is an ERC-20 token on Ethereum. The token does not provide a security check, but is managed by a multisig consisting of its founder and several other anonymous wallets.

How to buy Adventure Gold coin (AGLD)? How much is the AGLD coin price?

Adventure Gold coin (AGLD) is listed on many cryptocurrency exchanges. These can be purchased from exchanges, but it is necessary to make sure that the exchange is “trusted”. As of October 15, 2021, the price of 1 AGLD coin is around $3.54.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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