What is Adventure Gold?

Adventure Gold is a popular choice among investors looking to trade altcoins. However, before you Trade AGLD, it is essential that you know what you are investing in. Let's find out what's AGLD and how it works.

Adventure Gold (AGLD) is the Loot non-fungible token (NFT) project's native ERC-20 coin. Dom Hofmann, co-creator of the Vine social media platform, invented Loot, a blockchain-based system for randomly generating and storing text-based adventure gear. This project was designed to have no user-facing components at all. Instead, it relies on a community-driven interpretation of a collection of 8,000 text-based NFTs. You may find anything from the "Holy Greaves of Giants" to the "Grim Shout" among the NFTs' gear texts. OpenSea has set the minimum price of Loot at 8.56 ETH as of September 8th, 2021. There are a plethora of Loot-based forks available on the web.

On September 2, 2021, Adventure Gold was introduced, allowing Loot NFT holders to get 10,000 tokens for free. This airdrop was potentially worth as much as $70,000 per NFT as the price of AGLD skyrocketed in the first days of trading. Will Papper, the creator of AGLD, has stated that he developed the currency to serve as a benchmark for future companies that want to expand upon Loot.

What makes Adventure gold unique?

The community of Adventure Gold has been constructed atop the Loot NFT game, which strongly indicates the game's popularity. Adventure Gold intends 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, while the simplicity and distinctiveness of Loot itself inspired the Web3 community to come up with numerous derivatives projects based on its code.

A multisig group comprised of Papper and other "extremely reputable community members who love Loot" can carry out contractual permissions such as minting decisions and other governance suggestions.

How many ALGB coins are there?

The total amount of AGLD in circulation for Adventure Gold is 75.3 million. The first 8,000 Loot NFTs got 10,000 AGLD as an airdrop, with the remaining funds being distributed on the open market. Presently, the largest holders of AGLD are exchanges like Huobi, FTX, and Uniswap V3.

Network Security

The Adventure Gold coin is an Ethereum-based ERC-20 token. However, the token is managed by a multisig that includes the token's creator and a number of other still-anonymous wallets, so at least some level of security may be guaranteed.

Many decentralized apps and open-source projects, like Loot and Adventure Gold, have adopted Ethereum as their blockchain of choice because of its widespread adoption and widespread popularity. Almost all tokens on the Ethereum network adhere to the ERC-20 standard. The Ethereum blockchain is protected and validated by a network of distributed nodes using the proof of stake consensus mechanism.

ALGD Founders

Adventure Gold was founded by Will Papper, who is also the co-founder of Syndicate DAO, a decentralized investing protocol. Papper is a crypto-native and Stanford alumni who has held Ethereum since its pre-sale in 2014. He developed Adventure Gold in response to Vitalik Buterin's enthusiastic support for the project and call for developers to expand upon it. Papper released AGLD the day following Buterin's Twitter endorsement, writing the majority of the code in four hours at a tiny airport in Oregon.

Where can you buy ALGD?

ALGD is available on the licensed cryptocurrency exchange CryptoForce and several other national and international exchanges.

Disclaimer: Cryptocurrencies are highly volatile and subject to market, technical, and regulatory risks. Crypto trading requires one’s own diligence, and Cryptoforce will not be responsible for any losses incurred. Any information provided here should not be regarded as Cryptoforce’s technical or financial advice.