Adventure Gold

Adventure Gold (AGLD) is an ERC-20 token associated with the Loot Project, a unique initiative in the blockchain and NFT (non-fungible token) space. The Loot Project, created by Dom Hofmann, co-founder of Vine, is a text-based, randomized adventure gear generator stored on the Ethereum blockchain. AGLD serves as the native currency within this ecosystem, facilitating transactions, governance, and community engagement within the Lootverse. The project stands out for its open-ended, community-driven approach, allowing token holders and participants to shape the development and direction of the Loot ecosystem.

• Token Type:

• ERC-20, native to the Ethereum blockchain.

• Total Supply:

• 77,310,001 AGLD.

• Circulating Supply:

• Approximately 77 million AGLD tokens are tradable.

• Allocation:

• Initially airdropped to Loot NFT owners, with the remainder released on the open market.

• Key Holders:

• Major exchanges and individual holders.

As of today #{today’s date}, the price of Adventure Gold is ₹199.91 INR or 2.111 USD, with a 24-hour trading volume of 570494565.71 USD. The market capitalization for Adventure Gold is 161649943.42USD. The circulating supply is 77310001 Adventure Gold, with the total supply also being 77310001 Adventure Gold.

Pros:

• Community-Driven Development:

• AGLD’s governance model empowers token holders to vote on project developments, fostering a strong sense of community and shared purpose.

• Unique NFT Integration:

• Directly tied to the Loot Project, AGLD benefits from the innovative use of NFTs to create a decentralized gaming universe.

• High Potential for Growth:

• Given its unique position in the NFT and decentralized gaming space, AGLD holds significant long-term growth potential.

• Active Ecosystem:

• The Loot ecosystem encourages creative contributions and developments, enhancing the utility and value of AGLD.

• Ethereum-Based:

• As an ERC-20 token, AGLD enjoys the security and interoperability advantages of the Ethereum network.

Cons:

• Market Volatility:

• Like many cryptocurrencies, AGLD is subject to the high volatility of the crypto market.

• Dependence on Loot Project:

• AGLD’s success is heavily tied to the Loot NFT project, making it vulnerable to any downturns in its popularity or development.

• Lack of Dedicated Development Team:

• The project’s community-led development approach could lead to erratic growth and direction.

• Regulatory Risks:

• The evolving regulatory landscape for cryptocurrencies and NFTs presents potential challenges.

• Competition:

• The growing NFT and decentralized gaming market means AGLD faces stiff competition from other projects and tokens.

• Innovative Use of NFTs:

• AGLD’s integration with the Loot project positions it at the forefront of decentralized gaming and NFT utilization innovation.

• Strong Community Support:

• The project’s community-driven model has garnered a dedicated following, which can drive further development and adoption.

• Potential for Appreciation:

• Given its unique market position, AGLD has a high potential for value appreciation as the Loot project evolves.

• Governance and Utility:

• Token holders have a say in the project’s development, and AGLD can be utilized within games built on the Lootverse, adding to its utility.

• Early Stage Opportunity:

• Investing in AGLD offers an early-stage opportunity in a project that could redefine the use of NFTs in gaming and digital ownership.

• Direct Ties to Loot Project:

• AGLD’s unique integration with the Loot NFT project distinguishes it from other cryptocurrencies.

• Community Governance:

• The token’s use in governance allows holders to directly influence the project’s direction.

• Decentralized Gaming Utility:

• AGLD is not just a currency but plays a crucial role in the Lootverse’s decentralized gaming ecosystem.

AGLD addresses the need for a decentralized, community-driven currency and governance model within the NFT and gaming space. It facilitates creative contributions, governance, and in-game transactions within the Loot ecosystem, promoting an open and collaborative development environment.

Adventure Gold was founded by Will Papper, co-founder of Syndicate DAO, and the project received an endorsement from Ethereum co-founder Vitalik Buterin. The development approach is community-led, with no official team beyond Papper, emphasizing the decentralized nature of the project.

Adventure Gold (AGLD) was launched differently than traditional Initial Coin Offerings (ICOs). Instead of conducting an ICO, where tokens are sold to investors before being publicly traded, AGLD was distributed through an airdrop to Loot NFT holders. In September 2021, each Loot NFT owner was eligible to claim 10,000 free AGLD tokens. This distribution method was chosen to reward early participants in the Loot project and quickly establish a user base for the token. The airdrop approach bypassed the need for an ICO price because the tokens were given away for free rather than sold.

• Dependence on the Loot Project’s Success:

• A downturn in the Loot project could negatively impact AGLD.

• Community-Led Development Risks:

• The project’s direction could become erratic without a dedicated development team.

• Regulatory Uncertainty:

• Changes in cryptocurrency and NFT regulations could pose risks.

• Market Volatility:

• AGLD, like all cryptocurrencies, is subject to market volatility.

• Competition:

• The growing decentralized gaming and NFT space is highly competitive.

The whitepaper for Adventure Gold (AGLD) outlines the token's history, infrastructure, and future roadmap within the context of the Loot project. Loot is a novel concept in the blockchain space, consisting of 8,000 unique bags of adventurer gear, which were claimed rapidly upon release. These bags contain items that are the foundation for a decentralized platform for storytelling, gaming, and more, all controlled by the community.

Adventure Gold (AGLD) is introduced as the incentivization token for the Lootverse, initially distributed through a fair airdrop to owners of the original Loot (OG Loot). AGLD was once considered a governance token but has since been repositioned to incentivize the adoption of Loot. The token supports the Loot ecosystem by encouraging user and asset engagement with a mild inflationary model rather than a fixed supply and rewards distributed to staked Lootverse NFTs.

The whitepaper details the creation of the Loot Chain, an L2 blockchain optimized for the Lootverse. Built as an optimistic roll-up on Ethereum, it benefits from Ethereum’s security and interoperability with other L2 solutions. The Loot Chain is tailored for cost-efficient execution, enabling developers to launch scalable applications and disposable chains for transient events or persistent gaming infrastructures.

Key features of the Loot Chain include sovereignty, with ownership and control by the Loot & AGLD community; low gas fees for greater inclusivity; and EVM compatibility, providing a familiar environment for developers. The infrastructure supports a range of pre-installed modules that developers can customize for game logic implementation. These modules include a visualization dashboard, marketplace, game engine, decentralized identity system, and an intelligent bridge for cross-chain interoperability.

The Loot Multiverse is described as a limitless, decentralized canvas for community-driven creation. With the support of the Loot Chain and infrastructure ecosystem, developers can craft an infinite number of metaverses and games, with players navigating seamlessly between them.

The application of the AGLD token is multifaceted. It serves as a currency for community governance, in-game transactions, and staking rewards. AGLD also facilitates attention monetization, allowing the community to monetize engagement and feed value back into the ecosystem. Additionally, AGLD can be used to pay gas fees and as an incentive for node validators.

The roadmap for AGLD includes the launch of a staking plan and a new whitepaper in Q1 2023, the testnet of the Loot Chain in Q2, an on-chain game infrastructure aggregator and developer kit in Q3, and the mainnet launch of the Loot Chain in Q4, with continued expansion of the Loot ecosystem.