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Bitvavo makes Adventure Gold as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Adventure Gold (AGLD) is an in-game currency and governance token developed for the Loot NFT ecosystem. AGLD allows holders to participate in the governance of the Loot project, meaning they can vote on important decisions and proposals within the community. This ensures democratic and transparent development of the ecosystem.
One of the notable features of Adventure Gold is its integration with Loot, a collection of 8,000 NFTs containing randomly generated adventurer gear. These Loot Bags contain items like weapons and armor that can be used across games. By using AGLD as a standard in-game currency, developers can easily integrate these items into their games, leading to wider applicability and increased value of the NFTs.
Adventure Gold also offers practical benefits for users, granting users voting rights within the ecosystem, but also serving as an in-game currency that can be used to buy, sell, and trade items. This makes it a versatile asset for players involved in games within the Loot ecosystem. Additionally, AGLD is an ERC-20 token, meaning it is interoperable with other Ethereum-based projects and DeFi applications, further increasing its usability.
The open-source nature of Adventure Gold and the Loot ecosystem promotes innovation and security. Developers can review, modify, and extend the code, creating an environment that encourages collaboration. This helps the Loot ecosystem grow, and also creates opportunities for new projects and applications that leverage the unique features of AGLD and Loot.
Adventure Gold was founded by Will Papper, a Stanford University alumnus. Papper is also the co-founder of Syndicate DAO, a platform for Decentralized Autonomous Organizations (DAOs). The Loot project itself was launched by Dom Hofmann, co-founder of the video app Vine. The current team behind Adventure Gold consists of a diverse group of developers and members who work together to develop the ecosystem.
Adventure Gold has several applications and functions:
Loot is an NFT project on the Ethereum blockchain that consists of 8,000 unique Loot Bags, each filled with randomly generated gear. These Loot Bags contain text-based items such as weapons, armor, and armor with varying rarity levels. Unlike many other NFT projects that offer visual NFTs, Loot items are exclusively text-based. This offers a whole new approach to NFTs.
Within Loot, users can mint items themselves that can be used in various games and applications. Developers can integrate these items into their own games, opening up a wide range of usage possibilities. This ability encourages developers to build applications and games that make use of these items.
Users can collect, trade, and use Loot items within different games. The value of these items is determined by their rarity and usefulness. Adventure Gold tokens (AGLD) can be used to purchase and trade Loot items, while AGLD token holders can also stake to gain voting rights within the Loot ecosystem.
Adventure Gold (AGLD) runs on the Ethereum blockchain and uses ERC-20 tokens. The core of AGLD is that token holders can submit proposals and vote on important decisions within the Loot project. This is done via the Snapshot platform, an off-chain voting system with no gas fees. This decentralized governance mechanism gives the community control over future development, ensuring a democratic and transparent approach.
As an ERC-20 token, AGLD can be used within the Ethereum ecosystem. Developers can integrate Loot items into their games thanks to AGLD’s interoperability. The text-based items from Loot Bags can then be used across games, with AGLD acting as a common currency to buy, sell, and trade them.
All transactions and governance actions are executed by smart contracts on the Ethereum blockchain. These smart contracts ensure automatic and reliable execution of transactions and other actions within the ecosystem, without human intervention.
The AGLD token is an ERC-20 token on the Ethereum blockchain and offers various features and applications. AGLD tokens are primarily used for governance within the Loot ecosystem. Token holders can vote on proposals that determine the future of the project. This ensures community-driven development.
AGLD also acts as an in-game currency for Loot-based games. Players can buy, sell, and trade items with AGLD, making the token a universal currency across multiple games. The maximum supply of AGLD tokens is capped at 70,170,001 tokens. At launch, Loot NFT owners were given 10,000 free AGLD tokens, helping to fuel the token’s initial proliferation and adoption.
Adventure Gold stands out thanks to a number of features that make it a unique and promising project within the crypto world:
You can purchase Adventure Gold (AGLD) on Bitvavo. Our platform is suitable for both beginners and experienced traders. Follow these steps to buy AGLD tokens via our website or app:
After purchase, your AGLD tokens will be automatically added to your Bitvavo account, where you can easily manage and trade them. Selling AGLD tokens is just as easy, allowing you to quickly respond to market changes.
You can safely store your AGLD tokens in your Bitvavo account. Bitvavo keeps the majority of assets in cold storage, which means they are kept offline for extra security. For further protection of your account, we recommend enabling two-factor authentication (2FA).
Many software and hardware wallets support AGLD. After purchase, you can easily transfer your AGLD tokens to an external wallet by linking the wallet address to your Bitvavo account. This gives you full control over your cryptocurrencies and increases the security of your digital assets.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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