Rancakmedia.com – Adventure Gold AGLD was selected by the Loot community to be accepted as the ERC-20 governance token of the Loot NFT project, the crypto industry currently offers several valuable assets that attract investors from various walks of life.
Gaming fans are next in line, with more and more GameFi projects embracing crypto technology. Consider contemporary projects such as Axie Infinity, Genopets, and Illuvium, among others.
Non-fungible tokens (NFTs), the basis of many projects, are to blame for this change. What drives this interest? Factors such as large sales numbers, celebrity endorsements, and lots of news in the general public press all play a role.
The revolutionary nature of Loot NFT and its loyal fan base have attracted significant attention and buzz for the project. Here's how it works, as well as the origin story of Adventure Gold.
What is Adventure Gold AGLD
Adventure Gold (AGLD) is an ERC20 token based on the Ethereum blockchain. Loot NFT projects can use it to purchase voting power and governance features, and it's likely that it will serve as in-game money for future games as well.
Loot allows AGLD token holders to purchase “Loot Bags,” a list of randomly produced non-fungible tokens (NFTs) that are essentially fantasy-themed, text-based adventure gear items stored on-chain.
First introduced in September 2021, AGLD allows NFT Loot holders to earn 10.000 free tokens.
AGLD Adventure Gold Price in 2022
The price of the Loot token soared upon debut due to the project's cutting-edge characteristics. currently achievable resources. Circulating supply is the number of publicly accessible cryptocurrencies or tokens circulating in crypto (and Adventure Gold's total crypto supply) is 70.170.001 units.
Loot was developed by Dom Hofmann, co-founder of video sharing software Vine (since archived) (now archived). At first, Loot looks like a lot of words on a basic background.
After the public announcement of the project on social media, the NFT community was blown away and flocked to check it out. Adventure Gold AGLD price prediction for 2022.
One of the reasons for the rise of Loot NFT projects is the acceptance and support of Ethereum founder Vitalik Buterin. This led to the rapid introduction of Adventure Gold as the native token for Loot NFTs by Will Papper, who is one of the founders of Syndicate DAO — and a member of the Loot community.
What is the purpose of Adventure Gold AGLD?
Adventure Gold tokens serve many purposes in the Loot project. The role of local government is very important here. Token holders can provide tokens and help steer the project in the right direction. This involves defining the narrative and other in-game elements.
An excellent illustration of this is Holy War Chapter 1, where the entire AGLD community gets the choice to determine the final story of the first chapter. Members must vote on whether a character in the story will wear a crown or not.
Voting takes place on Snapshot, a decentralized system that simplifies the voting process for projects.
In addition to governance and voting, AGLD will likely function as in-game money, with players trading items for it. Of course, nothing is certain, and we may see different uses for the AGLD token in the future.
Like NFT Loot, investors trade the prospective value of AGLD tokens. As we gain more knowledge about the game, we might expect AGLD's role to expand. Other Loot based projects may be able to use it too.
