Adventure Gold AGLD
About
What Is Adventure Gold (AGLD)?
Adventure Gold (AGLD) is an ERC-20 token that originated from the Loot non-fungible token (NFT) project. Loot, created by Vine co-founder Dom Hofmann, is a unique text-based collection of randomized adventure gear stored on-chain. The project intentionally lacks a front-end interface, images, or predefined functionality, consisting of 8,000 text-based NFTs open to community interpretation.
Initially launched on September 2, 2021, AGLD allowed each Loot NFT owner to claim 10,000 tokens for free. This airdrop became incredibly valuable, worth up to $70,000 per NFT in the early days of trading. AGLD's founder, Will Papper, aimed to establish a standard currency for the decentralized gaming universe built around Loot.
As the project evolved, AGLD has become the ecosystem, governance, and gas token for Adventure Layer, a Layer 2 solution customized for Fully Onchain Games (FOCG). The Adventure Layer, an upgrade to the original Loot Chain launched in June 2023, incorporates advanced features like sharding, tick-based parallel execution, and an ECS game engine. These improvements are designed to enhance the experience for both FOCG players and developers, furthering the project's goal of creating a robust ecosystem for decentralized gaming.
Who Are the Founders of Adventure Gold?
Adventure Gold was founded by Will Papper, who is also the co-founder of Syndicate DAO, a decentralized investing protocol. Papper is a graduate of Stanford University and a crypto-native, having owned Ethereum since the 2014 pre-sale. He created Adventure Gold as a reaction to Vitalik Buterin endorsing the project and encouraging others to build upon it. Papper launched AGLD one day after Buterin’s endorsement on Twitter, by writing the majority of the code in four hours at a small airport in Oregon. As of Sept. 6, 2021, Adventure Gold has no official development team beyond Papper.
What Makes Adventure Gold Unique?
Adventure Gold follows the approach the underlying Loot NFT game has hoped for, by the community building on top of Loot as a form of endorsement. While the simplicity and uniqueness of Loot itself inspired the Web3 community to come up with numerous derivatives projects based on its code, Adventure Gold itself aims 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.
How Many Adventure Gold (AGLD) Coins Are There in Circulation?
Adventure Gold has a total supply of 75.3 million AGLD. Each of the 8,000 initial Loot NFTs received 10,000 AGLD as airdrop, with the remaining supply being released on the open market. Currently, exchanges like Huobi and Uniswap V3 are the biggest holders of AGLD.
How Is the Adventure Gold Network Secured?
Adventure Gold is an ERC-20 token on Ethereum. The token does not provide a security audit, but it is governed by a multisig consisting of its founder and several other still-anonymous wallets.
Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and open source projects like Loot and Adventure Gold. ERC-20 is the token standard followed by almost all tokens on the Ethereum blockchain. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.
When Will Adventure Gold Trading Begin?
Adventure Gold trading began on September 3, 2021. The token was quickly listed by several big exchanges thanks to its extraordinary popularity and reached an all-time high of $7.63 on its first day of trading, after an almost vertical price explosion.
Where Can You Buy Adventure Gold (AGLD)?
AGLD is currently available on Poloniex, Huobi and Uniswap V3.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, AGLD or any other token in CoinMarketCap education portal — Alexandria.
AI Analysis
What is the Adventure Gold (AGLD) cryptocurrency good for? What are its main use cases?
Adventure Gold (AGLD) is a cryptocurrency primarily associated with the gaming and metaverse sectors, particularly focusing on decentralized gaming experiences. Here are some of its main use cases:
In-Game Currency: AGLD is designed to be used as a currency within specific gaming ecosystems. Players can use it to purchase in-game assets, skins, upgrades, or other virtual goods.
Investor Incentives: Players and investors can use AGLD to participate in game financing or governance, allowing them to influence game development decisions or invest in new projects within the gaming ecosystem.
Earning Mechanisms: AGLD can be earned by participating in gameplay, completing challenges, or contributing to the community. This play-to-earn model attracts players and fosters engagement.
DeFi Integrations: AGLD may be integrated into decentralized finance (DeFi) platforms that allow holders to stake their tokens, provide liquidity, or earn rewards, thus creating additional financial opportunities beyond just gaming.
Marketplaces: AGLD can facilitate transactions in secondary marketplaces where users buy, sell, or trade in-game assets, ensuring seamless transactions based on cryptocurrency.
Community Building: AGLD can help foster community dynamics within gaming, allowing players to collectively govern game features or vote on updates, thus engaging a decentralized group of stakeholders.
The specific use cases of AGLD may depend on the platforms and games that adopt it, as well as the evolving landscape of the cryptocurrency and gaming industries. Always consider the associated risks and conduct thorough research when dealing with cryptocurrencies.
What blockchain does Adventure Gold use? Is it its own blockchain or built on top of another?
I do not have information on Adventure Gold, including the blockchain it uses. If you could provide more context or details about Adventure Gold, I would be happy to try and assist you further.
Is Adventure Gold programmable? Does it support smart contracts or decentralized applications?
Adventure Gold (AGLD) is primarily designed as a utility token for use within the Adventure ecosystem, particularly for funding and participating in gaming experiences. As of my last update in October 2023, Adventure Gold is an ERC-20 token built on the Ethereum blockchain.
As an ERC-20 token, it does not inherently support programmability for smart contracts or decentralized applications (dApps) directly through the token itself. However, since it is built on the Ethereum blockchain, it can be integrated into dApps that are designed to interact with ERC-20 tokens.
For functionalities like smart contracts or advanced programmability, developers can create smart contracts that manage and utilize Adventure Gold within their applications, but these features would come from a specific dApp or system built around the Adventure Gold token rather than from the token itself.
If there were any developments beyond October 2023 regarding Adventure Gold's capabilities or the potential for programmability, you would need to check the latest updates or the official documentation from the Adventure Gold project.
How fast are Adventure Gold transactions? What is the typical confirmation time and throughput (transactions per second)?
As of my last update, specific data about Adventure Gold (AGLD) transactions, including typical confirmation times and throughput (transactions per second), may vary based on the underlying blockchain technology it uses and network conditions.
Generally, for cryptocurrencies, transaction speed and throughput can be influenced by several factors, including:
Underlying Blockchain: If AGLD is built on Ethereum, its transaction times would typically be in the range of several seconds to a few minutes, depending on the network congestion and gas fees. Ethereum 2.0 aims to improve these metrics significantly.
Network Conditions: High traffic can lead to longer confirmation times as more transactions compete for inclusion in blocks.
Technology Upgrades: Advances or updates to the protocol being used can affect transaction speed and throughput.
For the most accurate and up-to-date information, including specifics like confirmation times and transactions per second (TPS), consulting the official documentation for Adventure Gold or relevant blockchain explorers would be ideal.
How much data can I store on the Adventure Gold blockchain? Does it support on-chain data storage?
As of my last knowledge update in October 2023, the Adventure Gold (AGLD) blockchain primarily serves as an Ethereum token and part of the broader Ethereum ecosystem. While Ethereum does allow for smart contracts and can store data on-chain, it is generally not optimized for large-scale data storage due to costs and scalability issues associated with storing data directly on the chain.
Adventure Gold itself does not have specific features for data storage beyond the capabilities provided by the underlying Ethereum network. Typically, on-chain data storage can be expensive and inefficient, making it more common for applications to store data off-chain (for example, using IPFS or other decentralized storage solutions) and reference it on-chain with hashes or identifiers.
If you're looking for exact data limits or capabilities specific to Adventure Gold, it’s essential to refer to the latest documentation or community resources, as developments may have occurred after my update.
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