The world’s largest crypto exchange Binance has announced today that its lists Adventure Gold (AGLD) in the Innovation Zone. The exchange will open trading for AGLD/BNB, AGLD/BTC, AGLD/BUSD and AGLD/USDT trading pairs at 2021-10-05 07:00 (UTC).
#Binance Will List Adventure Gold $AGLD @lootproject in the Innovation Zonehttps://t.co/92yT0J51jL
— Binance (@binance) October 5, 2021
What is Adventure Gold (AGLD)?
Adventure Gold (AGLD) is the native ERC-20 token of the Loot non-fungible token (NFT) project. Loot is a 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.” As of Sept. 8, 2021, the floor price of Loot on OpenSea is 8.56 ETH.
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.
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.
Adventure Gold has a total supply of 75.3 million AGLD. Each of the 8,000 initial Loot NFTs received 10,000 AGLD as airdrop, with the remaining supply being released on the open market.
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