How To Buy Adventure Gold (AGLD)?

A common question you often see on social media from crypto beginners is “Where can I buy Adventure Gold?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. Thanks to its massive popularity, you can now buy Adventure Gold on most cryptocurrency exchanges, including Coinbase and Binance in 3 simple steps.

Step 1: Create an account on an exchange that supports Adventure Gold (AGLD)

First, you will need to open an account on a cryptocurrency exchange that supports Adventure Gold (AGLD).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Adventure Gold (AGLD) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Adventure Gold (AGLD)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Adventure Gold (AGLD) or Adventure Gold (AGLD) trading pairs. Look for the section that will allow you to buy Adventure Gold (AGLD), and enter the amount of the cryptocurrency that you want to spend for Adventure Gold (AGLD) or the amount of fiat currency that you want to spend towards buying Adventure Gold (AGLD). The exchange will then calculate the equivalent amount of Adventure Gold (AGLD) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Adventure Gold (AGLD) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Adventure Gold (AGLD)?

Adventure Gold (AGLD) is the native ERC-20 token of the Loot NFT project. Loot is text-based, randomized adventure gear generated and stored on-chain, created by social media network Vine co-founder Dom Hofmann. The project intentionally has no front-end interface, images, statistics or functionality. Instead, it is based on a set of 8,000 text-based NFTs open to how the community wants to interpret it. The NFTs contain texts of gears ranging from the “Holy Greaves of Giants” to the “Grim Shout.” At release, anyone could claim loot bags for just gas, and all bags were claimed in under 4 hours. Each loot bag contains 8 items: a piece for an adventurer’s chest, foot, hand, head, neck, ring, waist, and weapon.

Adventure Gold was launched on Sept. 2, 2021, and allowed each owner of a Loot NFT to claim 10,000 tokens for free. With the price of AGLD skyrocketing in the initial days of trading, this airdrop was worth as much as $70,000 per NFT. AGLD founder Will Papper claimed he wanted to set a standard for projects building on Loot by providing a currency for the decentralized gaming universe.

Loot NFTs

Loot items are, in fact, NFTs. However, they differ from most others in a couple of interesting ways. The most obvious is the fact that the NFTs were completely free. That’s rarely seen in the NFT space, as everyone pretty much wants to make a profit by selling them.

Additionally, in the majority of cases, NFTs are images. In Loot’s case, the NFTs are simply words representing a specific in-game item. 

For example, items are split into several categories:

• Common
• Uncommon
• Rare
• Epic
• Legendary
• Mythic

The value of the Loot Bag ranges greatly, depending on its contents. The rarer the item, the higher its worth. But we’ve yet to see how the value of items will change as more details are added. Many people are trading these Loot Bags based on the potential value that their items might have within the incipient game. 

What’s most fascinating is that every item in a Loot Bag has smart contract-readable parameters. This means they can interact with another item built on top of the platform. Therefore, they can be used as a foundation for a broad range of games and other projects.

The best part is that the development of the upcoming game is in the hands of the community, which is actively working on the fan art, game lore and storyline. 

Loot Dungeon

Loot Dungeon is a blockchain game that incorporates Loot NFTs. You can battle monsters by stacking your Loot items. The result of the battle is then determined using Chainlink Verifiable Random Functions (VRFs), which provide random, on-chain dice rolls. Winners are then awarded a piece of AI-generated pixel art. 

Your Loot NFT data is sent to a smart center upon entering a Loot Dungeon. After that, you have a full day to decide whether you’ll engage in a fight with a monster or escape. Of course, you lose your Loot NFT if you die … but you can hold onto it if you pay a fee, which does not exceed 0.05 ETH. 

What Is AGLD Used For?

The Adventure Gold token has several uses within the Loot project. The most important is community governance. Currency holders use the tokens to vote and to guide the project forward. This includes determining the storyline and other in-game features. 

A good example is Holy War Chapter 1, where the whole community of AGLD holders had the chance to vote on how the story’s first chapter would end. The members had to choose whether the character in the story would put on a crown or not.

Voting occurs on Snapshot, a decentralized system that streamlines the voting procedures for many projects.

Aside from governance and voting, AGLD will likely serve as an in-game currency, with players exchanging items for it. Nothing is final, of course, and we might see other applications for AGLD tokens.

As with Loot NFTs, investors are trading on the potential value of AGLD tokens. The role of AGLD will most likely change as we learn more about the game. It might also be integrated with other Loot-based projects.

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.

A multisig group consisting of Papper and other “extremely reputable community members who love Loot” can execute contractual permissions, such as minting decisions and other governance proposals. The development speed of Loot and Adventure Gold and the buzz surrounding the project have also led to a uniquely volatile trading environment.

Adventure Gold development updates in 2023

 The Adventure Gold (AGLD) cryptocurrency has experienced significant developments in 2023, particularly in its integration with blockchain gaming, community governance, and non-fungible tokens (NFTs). Here’s a comprehensive overview of the most important updates for AGLD in 2023:

• Connection with Loot NFT Project: AGLD is closely associated with the Loot NFT project, which comprises 8,000 bags in the form of NFTs. The project remains somewhat enigmatic, with the background story of each bag revealed upon collection. AGLD serves as the governance token for the Loot NFT game, allowing users to vote on various platform decisions​​.

• AGLD as a Governance Token: The initial tokens of AGLD were distributed at no cost to holders of Loot NFTs, with each owner receiving 10,000 AGLD tokens. This distribution method helped to establish a strong initial user base and facilitated community involvement in platform governance​​.

• Trading and Market Performance: AGLD has seen fluctuating trading volumes and price movements, reflecting the volatile nature of the cryptocurrency market. Despite not ranking among the top cryptocurrencies by market capitalization, its market cap reached nearly US$87 million, and the price per token was approximately US$1.2 at the time of reporting​​.

• Listing on Major Exchanges: Adventure Gold has been listed on prominent exchanges like Coinbase Pro and KuCoin, enhancing its visibility and accessibility to a broader range of investors​​.

• Mystery and Potential in Gaming and NFTs: Despite the game associated with Loot NFTs not yet existing, there is significant interest in the project. The Adventure Gold token is intended to fuel the forthcoming game, and its connection to Loot NFTs adds an element of intrigue and potential growth, especially in the blockchain gaming and NFT space​​​​.

These developments mark a notable progression for Adventure Gold, as it navigates the dynamic world of cryptocurrencies, NFTs, and blockchain gaming. The project’s future growth and success will likely depend on the realization of its associated game and the continued interest in the NFT market.

Official website: https://www.lootproject.com/

Best cryptocurrency wallet for Adventure Gold (AGLD)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Adventure Gold (AGLD)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).