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ArchLoot

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Discover ArchLoot'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 ArchLoot?

ArchLoot (AL) is a cryptocurrency token associated with a user-generated content (UGC) NFT game built on the BNB Chain. It provides interactive NFT gameplay, enabling on-chain implementation of upgradeable characters and props. The project has a dual token model, including the ArchLoot Governance Token (ALT) and in-game currency ArchLoot Gold (ALG).

How is ArchLoot used?

ArchLoot (AL) is a gaming token created on the Ethereum blockchain, designed for use within the ArchLoot ecosystem. This ecosystem includes an NFT-based gaming platform where players can own, trade, and battle with virtual collectible items. The AL token serves several purposes:

  1. In-Game Purchases: Players can use AL tokens to buy in-game items, enhancing their gaming experience.
  2. Tournament Participation: AL tokens are required to participate in tournaments, allowing players to engage in competitive gameplay.
  3. Staking for Rewards: Token holders can stake their AL tokens to earn rewards, incentivizing active participation in the platform.
  4. Governance: AL tokens also serve as a governance mechanism, enabling holders to vote on platform updates and improvements, giving them a say in the platform's growth and direction.

How do I store ArchLoot?

To store ArchLoot (AL) tokens safely, it is recommended to use a hardware wallet and keep it disconnected from the internet. This ensures that your tokens are protected from potential online threats. Additionally, you can store your tokens in a secure location, such as a safe, to further minimize the risk of loss or theft.

How to buy ArchLoot?

To buy ArchLoot (AL) tokens, you can follow these steps:

  1. Sign up on a cryptocurrency exchange: Choose a reputable exchange that supports ArchLoot trading, such as Binance or Bitget. Create an account and verify your identity as required by the exchange.

  2. Set up a crypto wallet: Connect your crypto wallet to the exchange. This will allow you to store and manage your ArchLoot tokens securely.

  3. Fund your account: Deposit the necessary funds, usually in a base currency like USDT, to your exchange account.

  1. Buy ArchLoot tokens: Use your deposited funds to purchase ArchLoot tokens. You can do this through the exchange's trading interface.

  2. Store your tokens: Once you have bought the tokens, transfer them to your crypto wallet for safekeeping.

Remember to always do your own research and understand the risks associated with cryptocurrency trading before you begin.

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History of ArchLoot

ArchLoot (AL) is a cryptocurrency launched in 2022 as a User-Generated Content (UGC) NFT game built on the BNB Chain. It is known for introducing the first interactive NFT gameplay in the industry, allowing on-chain implementation of upgradeable characters and props as NFTs. This technology is powered by two pioneering protocols: EIP 4985 and BEP 129, which ensure transparency and security by recording user modifications within the game on the blockchain.

ArchLoot has successfully raised $17 million in funding and has garnered support from notable entities in the blockchain space, such as Binance NFT, YGG SEA, and FOTA. The project's global team, comprising 40 members, is dedicated to pushing the boundaries of NFT gaming.

The cryptocurrency has a dual token model, consisting of the ArchLoot Governance Token (ALT) and the in-game currency ArchLoot Gold (ALG). The total supply of ALT is 1,000,000,000.

ArchLoot's price history shows significant fluctuations. It has experienced both highs and lows, with its all-time high reaching $1.85 and its all-time low at $0.1863. The current price of ArchLoot is around $0.1901, with a market capitalization of $57,867,024.

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How ArchLoot works

ArchLoot (AL) is a cryptocurrency that operates within a User-Generated Content (UGC) NFT game ecosystem. The game is built on the BNB Chain and is known for introducing interactive NFT gameplay. Here's a detailed overview of how it works:

Key Features
  1. Loot-Style Composability: ArchLoot allows users to create and customize their own NFTs, which are represented as loot-style avatar body parts. These NFTs can be upgraded and modified, and their metadata is stored on the blockchain, ensuring transparency and security.

  2. EIP-4985 and BEP-129 Protocols: The game utilizes two pioneering protocols, EIP-4985 and BEP-129, which enable real-time modifications to NFTs within the game. These protocols are instrumental in recording user modifications on the blockchain, ensuring trustless and secure interactions.

  3. Gameplay and Community: The game features a diverse universe with unique monsters, each with distinct physical characteristics and abilities. Players can summon these monsters and navigate the game environment with them. The game is designed to be community-focused, supporting various video and live-streaming platforms for players to share their experiences.

  1. Token Economy: ArchLoot has two tokens: $ALT (governance token) and $ALG (in-game currency). The Monthly Pass, which includes both tokens, enhances earnings for players. The tokens are used for governance, in-game transactions, and other ecosystem activities.
Trading and Accessibility

ArchLoot tokens can be traded on centralized crypto exchanges such as HTX, Bitget, and Bithumb. The tokens can also be added to MetaMask wallets, allowing users to view their holdings and trade on decentralized exchanges.

Security and Development

The project has raised $17 million in funding and has garnered support from notable entities in the blockchain space. The global team of 40 members is dedicated to pushing the boundaries of NFT gaming and ensuring the security and stability of the ecosystem.

Overall, ArchLoot combines innovative NFT gameplay with a robust token economy, creating a unique and engaging experience for players and investors alike.

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ArchLoot's strengths

ArchLoot (AL) is a cryptocurrency token that has several strengths:

  1. Unique Gameplay Experience: ArchLoot is a play-to-earn blockchain strategy game that features user-generated content NFTs built on the BNB Chain. It offers a unique gameplay experience that fully enables on-chain implementation of upgradeable character and prop NFTs, providing an interactive platform for playability and user-generated content.

  2. Dual Token Model: ArchLoot adopts a dual token model that includes ArchLoot Governance Token (ALT) and in-game currency ArchLoot Gold (ALG). This model allows for distinct functionalities, with ALT serving as the incentive for users to participate in activities and ALG used for in-game transactions.

  3. Innovative Protocols: The game utilizes self-developed protocols, such as EIP 4985 and BEP 129, which enable user modifications within the game to be logged on-chain. This technology allows for the creation of loot-style NFTs that support user-generated operations.

  1. Strong Backing: ArchLoot has raised $17 million in funds and is backed by prominent names like Binance NFT, YGG SEA, and FOTA, indicating significant support and credibility.

  2. Community Engagement: The game offers various features such as a monthly pass system, daily dungeons, and event dungeons, which help to engage players and create a sense of community.

These strengths contribute to ArchLoot's potential as a cryptocurrency project, offering a unique gaming experience and robust ecosystem.

ArchLoot's risks

ArchLoot (AL), as a cryptocurrency, is exposed to various financial risks that can impact its value and stability. These risks include:

  1. Market Risk: ArchLoot is susceptible to market fluctuations, which can lead to significant price changes. Market conditions, such as changes in supply and demand, can cause the value of AL to rise or fall rapidly.

  2. Credit Risk: As a cryptocurrency, ArchLoot does not directly extend credit to customers or suppliers. However, its value can be affected by the creditworthiness of exchanges, wallets, or other entities involved in its ecosystem.

  3. Liquidity Risk: ArchLoot's liquidity can be a concern, especially if there is a sudden need for cash or if the market experiences a downturn. This risk is heightened if there are limited buyers or sellers, making it difficult to convert AL into cash quickly.

  1. Operational Risk: ArchLoot's underlying technology and infrastructure are vulnerable to operational failures, such as technical issues, mismanagement, or security breaches. These failures can impact the performance and stability of the cryptocurrency.

  2. Currency Risk: As a cryptocurrency, ArchLoot is exposed to currency risks, particularly if it is traded against other currencies. Changes in exchange rates can affect the value of AL.

  3. Regulatory Risk: ArchLoot is subject to regulatory risks, as governments and financial authorities may impose new regulations or restrictions on cryptocurrencies. This can impact the value and usability of AL.

  1. Security Risk: ArchLoot, like other cryptocurrencies, is vulnerable to security risks such as hacking, phishing, and other forms of cyber attacks. These risks can compromise the integrity of the blockchain and the security of user funds.

  2. Reputation Risk: ArchLoot's reputation can be damaged by negative publicity, security breaches, or other issues, leading to a loss of investor confidence and a decrease in value.

  3. Systemic Risk: ArchLoot is part of the broader cryptocurrency market, which means it can be affected by systemic risks such as market crashes or widespread adoption of competing cryptocurrencies.

  1. Counterparty Risk: ArchLoot's value can be impacted by the financial health and stability of exchanges, wallets, and other entities involved in its ecosystem. If these entities experience financial difficulties, it can affect the value of AL.

These financial risks highlight the importance of careful risk management and due diligence for investors considering ArchLoot as an investment opportunity.

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Did ArchLoot raise funds?

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ArchLoot's ecosystem

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ArchLoot’s team

  • Development Team: The development team behind ArchLoot includes 40 global members who have raised $17 million in funds and are backed by prominent names such as Binance NFT, YGG SEA, and FOTA.

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