What is AgeOfGods (AOG) crypto and why its volume soared 1200%?

Be the First to Comment Read

What is AgeOfGods (AOG) crypto and why its volume soared 1200%?

Follow us on Google News:
 What is AgeOfGods (AOG) crypto and why its volume soared 1200%?
Image source: © Blackboard373 | Megapixl.com

Highlights

  • The AOG crypto is the native token of AgeOfGods.
  • AgeOfGods claims to be a new type of play-to-earn game as it gives full ownership rights over in-game items to the players.
  • The AgeOfGods crypto is available on cryptocurrency exchanges like PanCakeSwap, Gate.io, and Biswap.

The cryptocurrency market continues to register a decline, and on Tuesday, May 24, the global crypto market cap had decreased by 3.6 per cent over the previous day to US$ 1.26 trillion.

Almost all the major cryptocurrencies recorded a price decline, and they were in the red at the time of writing. The price of Bitcoin slipped to US$ 29,000 per token on May 24, and it was down by about four per cent to US$ 29,369.52 apiece at 4 AM EST.

Amid the declining market, the AgeOfGods (AOG) crypto caught the attention of crypto market traders as it gained 65 per cent over the last 24 hours and its volume surged over 1200 per cent to US$ 6.19 million.

What is AgeOfGods crypto?

The whitepaper says the AgeOfGods is a next-generation non-fungible token (NFT) action card game. Juego Game Studios developed it to allow users to play and earn tokens through a game.

The AOG crypto is the native token of AgeOfGods. The game claims to use 100 per cent of the revenue streams to be used to buy back the AgeOfGods token from the market.

Also Read: ANKR crypto price is down and volume is up 18%. What's next for Ankr?

The purchased tokens would be burned to decrease the total circulating supply of AgeOfGods as that will help in increasing the value of the cryptocurrency.

Users can earn tokens in different ways inside the game, and they can also earn passive income by inviting others to join the game, according to the play-to-earn game's whitepaper.

AgeOfGods claims to be a new type of play-to-earn game as it gives full ownership rights over in-game items to the players, and they can get incentivized to play and make progress in the game.

The AgeOfGods crypto is available on cryptocurrency exchanges like PanCakeSwap, Gate.io, and Biswap. The total supply of the AOG crypto is 270 million, and the circulating supply is 67.4 million.

AgeOfGods Crypto

Bottom line

There was no apparent reason for the price and volume surge of the AgeOfGods crypto, and it was trading at US$ 0.06574 as of writing. However, on May 12, the AgeOfGods network announced that its farm on BiSwap was live and claimed users could enjoy a 520 per cent of Annual Percentage Yield (APY).

The cryptocurrency market is risky, and investors should exercise extreme caution before investing in any cryptocurrency. Presently, the market is recording increased volatility. Therefore, it is important to research before purchasing cryptocurrencies.

Also Read: Zilliqa (ZIL) crypto soars amid a rising market. Here's why

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

Disclaimer

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK