Adventure Gold Price (AGLD)

What Is Adventure Gold (AGLD)?

Adventure Gold (AGLD) is an ERC-20 token that originated from the Loot non-fungible token (NFT) project. Loot, created by Vine co-founder Dom Hofmann, is a unique text-based collection of randomized adventure gear stored on-chain. The project intentionally lacks a front-end interface, images, or predefined functionality, consisting of 8,000 text-based NFTs open to community interpretation. Initially launched on September 2, 2021, AGLD allowed each Loot NFT owner to claim 10,000 tokens for free. This airdrop became incredibly valuable, worth up to $70,000 per NFT in the early days of trading. AGLD's founder, Will Papper, aimed to establish a standard currency for the decentralized gaming universe built around Loot. As the project evolved, AGLD has become the ecosystem, governance, and gas token for Adventure Layer, a Layer 2 solution customized for Fully Onchain Games (FOCG). The Adventure Layer, an upgrade to the original Loot Chain launched in June 2023, incorporates advanced features like sharding, tick-based parallel execution, and an ECS game engine. These improvements are designed to enhance the experience for both FOCG players and developers, furthering the project's goal of creating a robust ecosystem for decentralized gaming.

Who Are the Founders of Adventure Gold?

Adventure Gold was founded by Will Papper, who is also the co-founder of Syndicate DAO, a decentralized investing protocol. Papper is a graduate of Stanford University and a crypto-native, having owned Ethereum since the 2014 pre-sale. He created Adventure Gold as a reaction to Vitalik Buterin endorsing the project and encouraging others to build upon it. Papper launched AGLD one day after Buterin’s endorsement on Twitter, by writing the majority of the code in four hours at a small airport in Oregon. As of Sept. 6, 2021, Adventure Gold has no official development team beyond Papper.

What Makes Adventure Gold Unique?

Adventure Gold follows the approach the underlying Loot NFT game has hoped for, by the community building on top of Loot as a form of endorsement. While the simplicity and uniqueness of Loot itself inspired the Web3 community to come up with numerous derivatives projects based on its code, Adventure Gold itself aims to be used as a governance token and have users vote on future in-game credits or future mints building on top of Loot and adopting AGLD.

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How Many Adventure Gold (AGLD) Coins Are There in Circulation?

Adventure Gold has a total supply of 75.3 million AGLD. Each of the 8,000 initial Loot NFTs received 10,000 AGLD as airdrop, with the remaining supply being released on the open market. Currently, exchanges like Huobi and Uniswap V3 are the biggest holders of AGLD.

How Is the Adventure Gold Network Secured?

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

Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and open source projects like Loot and Adventure Gold. ERC-20 is the token standard followed by almost all tokens on the Ethereum blockchain. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

When Will Adventure Gold Trading Begin?

Adventure Gold trading began on September 3, 2021. The token was quickly listed by several big exchanges thanks to its extraordinary popularity and reached an all-time high of $7.63 on its first day of trading, after an almost vertical price explosion.

Where Can You Buy Adventure Gold (AGLD)?

AGLD is currently available on Poloniex, Huobi and Uniswap V3.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, AGLD or any other token in CoinMarketCap education portal — Alexandria.