Adventure Gold AGLD
About
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.
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.
AI Analysis
What is the Adventure Gold (AGLD) cryptocurrency good for? What are its main use cases?
Adventure Gold (AGLD) is a cryptocurrency token associated with the Loot (for Adventurers) project, a blockchain-based, community-driven, decentralized gaming platform. The main use cases of AGLD include:
- In-game currency: AGLD serves as the primary currency within the Loot ecosystem, allowing players to purchase in-game items, such as digital collectibles, gear, and other virtual assets.
- Governance: AGLD token holders have voting rights, enabling them to participate in decision-making processes related to the development and growth of the Loot platform.
- Staking and rewards: AGLD can be staked to earn rewards, such as additional tokens or exclusive in-game items, which incentivizes users to hold and participate in the ecosystem.
- Access to exclusive content: AGLD tokens can grant access to exclusive in-game content, events, or experiences, providing token holders with unique benefits and advantages.
- Decentralized finance (DeFi) integration: AGLD can be used in various DeFi applications, such as lending, borrowing, or yield farming, allowing users to leverage their tokens in different financial scenarios.
- Community engagement: AGLD tokens can be used to participate in community-driven initiatives, such as creating and curating content, organizing events, or contributing to the development of the platform.
- NFT marketplace: AGLD can be used to purchase, sell, and trade non-fungible tokens (NFTs) within the Loot ecosystem, facilitating the exchange of unique digital assets.
By providing a versatile and utility-focused cryptocurrency, AGLD aims to foster a thriving community and create a robust ecosystem around the Loot platform, where users can engage in various activities, participate in governance, and benefit from the token's multiple use cases.
What blockchain does Adventure Gold use? Is it its own blockchain or built on top of another?
Adventure Gold (AGLD) uses the Ethereum blockchain. It is an ERC-20 token, which means it is built on top of the Ethereum network, rather than having its own separate blockchain.
Is Adventure Gold programmable? Does it support smart contracts or decentralized applications?
Adventure Gold (AGLD) is a cryptocurrency that was airdropped to holders of the Loot NFT project in 2021. While it is a cryptocurrency with its own tokenomics and use cases, its programmability is somewhat limited compared to other blockchain platforms.
AGLD is an ERC-20 token, which means it is built on top of the Ethereum blockchain. As such, it can interact with other Ethereum-based smart contracts and decentralized applications (dApps). However, AGLD itself is not a programmable platform that supports the creation of smart contracts or dApps in the same way that Ethereum or other programmable blockchains like Polkadot or Solana do.
That being said, AGLD can be used within the context of other Ethereum-based dApps, and its holders can participate in various DeFi (decentralized finance) activities, such as lending, borrowing, or providing liquidity to decentralized exchanges. Additionally, AGLD can be used to interact with other NFT projects or metaverse environments that are built on top of Ethereum.
In summary, while AGLD is not a fully programmable platform itself, it can still be used within the context of other Ethereum-based dApps and DeFi protocols, and its holders can participate in various activities on the Ethereum blockchain.
How fast are Adventure Gold transactions? What is the typical confirmation time and throughput (transactions per second)?
I'm not aware of specific details about Adventure Gold transactions. However, I can provide general information about blockchain transaction speeds.
Typically, the speed of transactions on a blockchain network depends on various factors such as the network's architecture, the number of nodes, and the type of consensus algorithm used.
For most blockchain networks, the confirmation time can range from a few seconds to several minutes, depending on the network's congestion and the type of transaction being processed.
As for throughput, it can vary greatly depending on the network. Some popular blockchain networks have the following throughputs:
- Bitcoin: around 7 transactions per second (tps)
- Ethereum: around 15-20 tps
- Binance Smart Chain: around 55 tps
- Solana: around 65,000 tps
Please note that these values are subject to change and may not reflect the current performance of these networks.
If you're looking for information on Adventure Gold specifically, I recommend checking their official documentation or website for the most up-to-date information on their transaction speeds and throughput.
How much data can I store on the Adventure Gold blockchain? Does it support on-chain data storage?
The Adventure Gold blockchain is a unique platform, but I couldn't find any specific information about its data storage capabilities or on-chain data storage support. It's possible that Adventure Gold has its own set of guidelines and limitations for data storage, but without more information, I can't provide an accurate answer.
Typically, blockchains have varying levels of support for on-chain data storage, and some may have specific limits or requirements. If you're looking to store data on the Adventure Gold blockchain, I recommend checking the official documentation or reaching out to the development team for more information on their data storage policies and capabilities.
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