Adventure Gold (AGLD) is an ERC-20 token associated with the Loot Project, a distinctive initiative in the blockchain and NFT space. It acts as a governance token, enabling holders to vote on future in-game credits or additional minting activities within the Loot ecosystem. The project was founded by Will Papper and launched on September 2, 2021, with ties to notable figures in the crypto space like Vitalik Buterin.
Adventure Gold operates on the Ethereum blockchain as an ERC-20 token, utilizing Ethereum's blockchain technology. Initially distributed via an airdrop to Loot NFT holders, AGLD empowers its community by facilitating governance within the Loot ecosystem. Its operations involve smart contracts governed by a multisig group, including its creator and other community members. This governance model ensures secure and decentralized decision-making for projects building on the Loot foundation.
Adventure Gold serves several key functions and use cases, such as:
Adventure Gold was created by Will Papper, co-founder of Syndicate DAO, and launched in September 2021 as a governance token for the Loot Project. It gained quick traction due to the novel approach of enabling community-driven decision-making. Over time, it has undergone strategic updates, including partnerships and potential integration of new features and technological adaptations, such as on-chain governance. From its inception, AGLD has aimed to set a precedent for decentralized governance and standardized currency within its ecosystem, contributing significantly to its market presence and community engagement.