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Adventure Gold

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Discover Adventure Gold's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Adventure Gold?

Adventure Gold (AGLD) is an Ethereum-based cryptocurrency token that was initially distributed to members of the Loot Project, a decentralized gaming project. It serves as a governance token, allowing holders to vote on upgrades and changes to the Loot ecosystem. AGLD operates on the Ethereum mainnet, ensuring interoperability within the Ethereum ecosystem, and can be used for voting and transferring value internationally in a frictionless manner.

How is Adventure Gold used?

Adventure Gold (AGLD) is primarily used for community governance within the Loot project. AGLD holders use their tokens to participate in voting on crucial upgrades and changes to the Loot ecosystem. The token also serves as a means to transfer value internationally in a frictionless and permissionless manner.

How do I store Adventure Gold?

To store Adventure Gold (AGLD) tokens, you can use any wallet that supports Ethereum-based tokens. Popular choices include Guarda wallet, which allows you to store AGLD along with over 50 coins and 400,000 tokens. Additionally, as an ERC-20 token, AGLD can be stored in any wallet supporting Ethereum-based tokens.

How to buy Adventure Gold?

To buy Adventure Gold (AGLD) tokens, you can follow these steps:

Using Kriptomat
  1. Create and verify your account: Sign up with Google, Apple, or enter your name and email. Verify your email, phone number, and identity.
  2. Add funds: Make a bank deposit or use your credit card to add funds.
  3. Buy Adventure Gold: Click on the Kriptomat icon, select "Buy," choose Adventure Gold from the list of cryptocurrencies, enter the amount, preview the transaction, and confirm your purchase.
Using Binance
  1. Create an account: Register on the Binance website or app and verify your identification.
  2. Choose a payment method: You can use a credit card, debit card, bank deposit, or third-party payment channels.
  3. Buy Adventure Gold: Click on the "Buy Crypto" link, select Adventure Gold and your preferred currency, and confirm your order.
Using Coinmerce
  1. Select Adventure Gold: Choose the coin and your preferred payment method (credit card or SEPA).
  2. Enter the amount: Indicate how much you want to buy and click "Buy" to receive the tokens in your wallet.
Using a Decentralized Exchange (DEX)
  1. Choose a DEX: Select a DEX that supports Adventure Gold.
  2. Set up a wallet: Download and install a Web3 crypto wallet (like Metamask) or an app wallet (like Trust Wallet).
  3. Transfer funds: Transfer the corresponding mainnet cryptocurrency (e.g., ETH for Ethereum-based DEX) to your wallet.
  4. Connect to the DEX: Connect your wallet to the DEX.
  5. Swap for Adventure Gold: Find the "Swap" option, choose the token you want to trade from and Adventure Gold, enter the amount, and confirm the swap.
Using a Centralized Exchange (CEX)
  1. Register an account: Create an account on a CEX that supports Adventure Gold.
  2. Add funds: Deposit funds using your preferred method.
  3. Buy Adventure Gold: Navigate to the Adventure Gold page, select the amount you want to buy, and confirm the purchase.

Remember to always follow the specific instructions for each platform and be cautious of market risks and price volatility.

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History of Adventure Gold

Adventure Gold (AGLD) is a cryptocurrency that was created as an ERC-20 token on the Ethereum network using smart contracts. It was founded by Will Papper, a Stanford University graduate and crypto-native, who built most of the code in just four hours at an airport in Oregon. The token was launched in response to Vitalik Buterin's support for the project, with the goal of encouraging others to build on it.

AGLD was initially distributed to owners of Loot Project NFTs through an airdrop. The Loot Project, founded by Dom Hofmann, generates randomized adventure gear that is saved on-chain and can be used as the foundation for future games. AGLD can be used as in-game currency for comparable games and projects created on top of the Loot Project in the future.

The token gained significant attention and saw its price increase after Hofmann announced that the funds from the ICO would be used to expand the Adventure Gold ecosystem. It was trading at over $0.50 USD on various markets at one point. AGLD is ranked number 952 on CoinMarketCap, with a market capitalization of $11,584,577 USD.

The project's unique blend of themes, including blockchain gaming, community governance, and non-fungible tokens (NFTs), has contributed to its impressive growth. The token's minimalist NFTs and ambiguous token, along with a sparse roadmap, have proven strangely effective in attracting investors. Despite a downward trend in prices for several months, the continued interest in NFTs and blockchain gaming has fueled recent price increases.

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How Adventure Gold works

Adventure Gold (AGLD) is an Ethereum-based cryptocurrency token that operates within the Loot ecosystem. Here's a detailed overview of how it works:

Governance and Voting

AGLD is the main governance token of the Loot project. Token holders can stake their AGLD to vote on proposals for changes to the system, protocol, minting, and other aspects of the ecosystem. This decentralized governance model ensures that there are no centralized parties to block or censor users, and all decisions are made by the community.

In-Game Currency

AGLD is designed to be the primary in-game currency for future Loot-based games. Players can use it to purchase items, craft gear, and participate in various in-game activities. This functionality allows AGLD to serve as a means of transferring value within the gaming ecosystem.

Purchasing Loot Bags

AGLD enables users to buy Loot Bags, which contain randomly generated lists of fantasy-themed adventure gear items stored as NFTs on the blockchain. These items can be used in future Loot games or traded on NFT marketplaces.

Tokenomics

The AGLD token is used for governance, in-game transactions, and purchasing Loot Bags. It is an ERC-20 token, which is a common standard for Ethereum-based tokens. The token's distribution was initially done through an airdrop to Loot NFT holders, creating a solid and engaged community.

Security

While AGLD itself does not have built-in security checks, it is managed by a multi-signature wallet that requires several keys to process transactions. This system involves the founder and other randomly selected users, ensuring a level of security and decentralization.

Interoperability

AGLD is designed to be interoperable within the Ethereum ecosystem, allowing it to interact with other blockchain networks and protocols. This flexibility helps ensure that the platform remains adaptable and accessible to a wide range of users and applications.

Overall, Adventure Gold (AGLD) is a community-driven cryptocurrency that plays a central role in the Loot ecosystem, facilitating governance, in-game transactions, and the purchase of Loot Bags. Its decentralized nature and interoperability features make it an attractive option for gamers and cryptocurrency enthusiasts alike.

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Adventure Gold's strengths

Adventure Gold (AGLD) has several strengths that make it an attractive investment opportunity:

  1. Governance and Community Involvement: AGLD is the main governance token of the Loot ecosystem, allowing holders to vote on crucial upgrades and changes. This decentralized governance model ensures that the community has a direct say in the project's development.

  2. Security and Interoperability: As an ERC20 token based on the Ethereum platform, AGLD benefits from Ethereum's proven track record of security and enjoys full interoperability within the Ethereum ecosystem. This ensures that transactions are secure and can be easily integrated with other Ethereum-based projects.

  3. Decentralized and Open-Source: The Loot project, including AGLD, is open-source, which means that there are no centralized parties to block or censor users. This open nature allows for community-driven development and ensures that the project remains transparent and accessible.

  1. Potential for Integration: Loot's goal is to provide a standard for decentralized gaming projects, making AGLD a valuable asset for developers looking to integrate Loot's NFTs into their games. This potential for widespread adoption could increase the token's value over time.

  2. Strong Founding Team: Adventure Gold was founded by Will Papper, a Stanford University graduate with a strong background in computer science and entrepreneurship. Papper's involvement in the cryptocurrency community and his experience in building successful projects contribute to the token's credibility.

These strengths position AGLD as a promising investment opportunity, particularly for those interested in decentralized gaming and governance.

Adventure Gold's risks

Adventure Gold (AGLD) is a cryptocurrency that carries significant financial risks. As a decentralized and non-regulated market, cryptocurrency investments are inherently volatile and can result in rapid losses due to leverage. This risk is heightened for low-cap altcoins like AGLD, which have experienced violent price swings in the past.

One prominent trader noted that AGLD's price action indicated the presence of "bad actors in the market," suggesting potential market manipulation. Additionally, the token's price has been known to fluctuate rapidly, with instances of significant drops in value over short periods.

Investors should be cautious when trading AGLD, as the market can be highly unpredictable. It is essential to conduct thorough research, diversify portfolios, and use stop-loss strategies to mitigate potential losses. Furthermore, investors should be prepared to lose their entire investment, as the cryptocurrency market is known for its high degree of fluctuation.

Despite these risks, some analysts consider AGLD a relatively low-risk investment, citing its low risk score based on recent changes in volume and market capitalization. However, this assessment should not be taken as a guarantee, and investors should always approach cryptocurrency investments with caution and a thorough understanding of the associated risks.

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Did Adventure Gold raise funds?

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Adventure Gold's ecosystem

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Adventure Gold’s team

  • Will Papper: Founder of Adventure Gold, a Stanford University graduate, and co-founder of Syndicate DAO. He created AGLD in response to Vitalik Buterin's support and to encourage others to build on it.

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