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Adventure Gold (AGLD) is the native ERC-20 token of the Loot non-fungible token (NFT) project. Loot is a text-based, randomly generated adventure gear created and stored on-chain, developed by Dom Hofmann, the co-founder of the social media network Vine.
What is Adventure Gold (AGLD)?
Adventure Gold was launched on September 2, 2021, allowing every owner of a Loot NFT to claim 10,000 tokens for free. While the price of AGLD surged rapidly in the initial days of trading, this airdrop was worth $70,000 per NFT. Will Papper, the founder of AGLD, aimed to set a standard for projects built on Loot by providing a currency for the decentralized gaming universe.
Adventure Gold follows a community-focused approach built on Loot as a form of validation, underlying the Loot NFT game. The simplicity and uniqueness of Loot inspire the Web3 community with numerous derivative projects based on its code, while Adventure Gold itself aims to be used as a governance token, enabling users to vote on future in-game credits or forthcoming issues.
A multi-member group, including Will Papper and other “highly respected community members who love Loot,” can implement contract-based permissions such as minting decisions and other governance proposals. The development pace of Loot and Adventure Gold and the excitement surrounding the project have led to a unique trading environment, fueled by the listing decision of major exchanges like FTX, just 30 hours after AGLD’s launch.
In addition, Adventure Gold is an ERC-20 token on Ethereum. The token does not provide a security audit, but it is managed by a multisig consisting of the founder and several other anonymous wallets.
Ethereum is among the most popular blockchains and go-to solutions for many decentralized applications and open-source projects like Loot and Adventure Gold. ERC-20 is the token standard followed by nearly all tokens on the Ethereum blockchain, secured with a proof-of-work consensus mechanism requiring miners to mine new Ethereum. A series of decentralized nodes validate transactions and secure the Ethereum blockchain.
AGLD Coin Review
With developments in the gaming ecosystem, game tokens and NFTs are becoming increasingly important. Therefore, AGLD is benefiting from both this situation and being listed on major exchanges like Binance. Investors are currently closely monitoring the AGLD token, and interest appears to be increasing.
How to Purchase Adventure Gold?
AGLD Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by transaction volume.
To buy AGLD Coin, one must first sign up for Binance and then send fiat money. Following the transfer of fiat currency like US dollars, one can purchase AGLD by trading it against BUSD, Bitcoin (BTC), Binance Coin (BNB), and Tether (USDT).
In addition, at Binance, users can place an order to buy at not only the market price but also at a lower price. For this, using the Limit tab and entering the amount and price you want to buy will suffice.
