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Summary of Adventure Gold (AGLD)
Key Points
- Adventure Gold (AGLD) is the native ERC-20 token of the Loot NFT project.
- AGLD was launched on September 2, 2021, and each Loot NFT owner received 10,000 tokens for free.
- The token’s price skyrocketed, making the airdrop worth up to $70,000 per NFT.
- Founder Will Papper aims to set a standard for projects building on Loot with AGLD as a currency for the decentralized gaming universe.
- AGLD has a total supply of 75.3 million tokens.
- The token is secured by a multisig consisting of the
About Adventure Gold: Unlocking the Secrets of the Digital Frontier
Introducing Adventure Gold (AGLD): A Revolutionary Digital Asset
Adventure Gold (AGLD) is the native ERC-20 token of the innovative Loot non-fungible token (NFT) project. Conceived by Dom Hofmann, co-founder of social media network Vine, Loot is a pioneering, text-based, randomized adventure gear generator, securely stored on-chain. Notably, the project deliberately eschews a front-end interface, images, statistics, or functionality, instead empowering the community to interpret and shape its 8,000 text-based NFTs. These unique digital assets feature an array of fantastical gear, ranging from the revered “Holy Greaves of Giants” to the ominous “Grim Shout.” As of September 8, 2021, the floor price of Loot on OpenSea stands at 8.56 ETH. Furthermore, a multitude of derivative projects have emerged, building upon the Loot ecosystem, and can be explored
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Adventure Gold was inaugurated on September 2, 2021, and afforded each proprietor of a Loot NFT the opportunity to claim 10,000 tokens gratuitously. As the value of AGLD surged in the initial days of trading, this airdrop was valued at a staggering $70,000 per NFT. According to AGLD founder Will Papper, his intention was to establish a paradigm for projects built upon Loot, thereby providing a bespoke currency for the decentralized gaming universe.
The Visionaries Behind Adventure Gold: Meet the Founders
Adventure Gold was conceived by Will Papper, the visionary co-founder of Syndicate DAO, a pioneering decentralized investing protocol. A Stanford University alumnus and crypto-native, Papper has been an early adopter of Ethereum, having acquired it during the 2014 pre-sale. Inspired by Vitalik Buterin’s endorsement, Papper created Adventure Gold, leveraging the momentum to build upon the project. In a remarkable display of agility, Papper wrote the majority of the code in a mere four hours while waiting at a small airport in Oregon, launching AGLD just a day after Buterin’s Twitter endorsement. As of September 6, 2021, Adventure Gold remains a solo endeavor, with Papper being the sole driving force behind the project.
Unveiling the Unparalleled Essence of Adventure Gold
Adventure Gold adheres to the approach envisioned by the underlying Loot NFT game, which has garnered community support through grassroots development. The simplicity and distinctiveness of Loot have inspired the Web3 community to create numerous derivative projects based on its code. Meanwhile, Adventure Gold aspires to serve as a governance token, empowering users to vote on future in-game credits or mints built upon Loot and integrated with AGLD.
What Is the Circulating Supply of Adventure Gold (AGLD) Coins?
Adventure Gold boasts a total supply of 75.3 million AGLD tokens. Notably, each of the initial 8,000 Loot NFTs received an airdrop of 10,000 AGLD, while the remaining supply has been gradually released onto the open market. Presently, prominent exchanges such as Huobi and Uniswap V3 hold the largest stakes in AGLD.
The Unwavering Security of the Adventure Gold Network
Adventure Gold is an ERC-20 token built on the Ethereum blockchain. Notably, it does not undergo a security audit; however, its governance is entrusted to a multisignature wallet, comprising its founder and several anonymous wallets, ensuring a decentralized decision-making process.
Ethereum stands as one of the most prominent blockchains, serving as the preferred platform for a multitude of decentralized applications and open-source projects, including Loot and Adventure Gold. The ERC-20 token standard is ubiquitously adopted by almost all tokens operating on the Ethereum blockchain. This decentralized network is secured by a proof-of-work consensus mechanism, which necessitates the mining of new Ether by miners. A distributed network of nodes validates transactions and ensures the integrity of the Ethereum blockchain.
When Will the Adventure Gold Trading Odyssey Commence?
Adventure Gold trading commenced on September 3, 2021, and swiftly gained widespread recognition, prompting its listing on several prominent exchanges. This newfound popularity was accompanied by a remarkable surge in value, culminating in an all-time high of $7.63 on its inaugural trading day, following a near-vertical price escalation.
Where to Acquire Adventure Gold (AGLD): A Comprehensive Guide
AGLD is presently listed on prominent cryptocurrency exchanges, including Poloniex, Huobi, and Uniswap V3, ensuring accessibility and liquidity for traders and investors alike.
New to the world of cryptocurrency? Explore our comprehensive guide on entering the market and purchasing BTC, AGLD, or any other token at CoinMarketCap’s educational hub, Alexandria.
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