Why Adventure Gold (AGLD) token jumped 34% today? - Kalkine Media

February 02, 2022 07:26 AM AEDT | By Versha Jain
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  • Stanford University graduate Will Papper had launched Adventure Gold in September 2021.      

  • AGLD is the native token of the NFT project Loot.

  • The token was down 0.06% in the week ended January 31, 2022, as per coinmarketcap.com.

The Adventure Gold (AGLD) token jumped more than 33% on Tuesday afternoon after the issuer tweeted, “Rings for @lootproject is now open source!”.

 The token was trading at US$1.11, up 33.86% at 12:15 pm ET.

Overall, the global crypto market was up 0.83% to US$$1.77 trillion at 2:38 pm ET on Tuesday, lifted by gains in Ethereum and Tether prices.

Bitcoin, however, was down 0.14% to about US$38,415 on Tuesday afternoon.

The AGLD token’s trading volume rose to a whopping 569.47% to US$58,237,299. Of the 5,576 token holders, the top 100 hold 92.22% of the total holdings, as per coinmarketcap.com.

 What is Adventure Gold (AGLD)?

AGLD, an ERC-20 token on the Ethereum blockchain, is the native token of the NFT project Loot.

Ethereum is a popular blockchain for decentralized open-source projects like Loot and Adventure Gold. Loot is a text-based randomized adventure gear created and stored on-chain.

It is based on 8,000 text-based NFTs and does not have a front-end interface, image, statistics, or functionality. Adventure Gold was launched in September 2021. 

At the time, it distributed 1,000 tokens for free to each Loot NFT owner. Now, there are several derivatives projects built around Loot.

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Will Papper, a Stanford University graduate, had founded Adventure Gold to set a standard for projects built on Loot by offering them a currency for use in decentralized gaming.

Adventure Gold (AGLD) aims to attain a governance token status, with users’ voting rights on future in-game credits built on Loot.

AGLD grabbed people’s interest from the start due to its reputed community members and Ethereum co-founder Vitalik Buterin’s endorsement of the project.

The members are allowed to execute governance proposals, minting decisions, etc. However, the token has been volatile. It is ranked 439th based on market capitalization. 

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Why Adventure Gold (AGLD) soared 34% today?

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The token touched an all-time high of US$7.70 on the first day of trading on September 3, 2021.

Its circulating supply is 70,170,001, while the total supply is 70,170,001.

 AGLD has a market capitalization of around US$77.54 million.

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Where to buy and store?

The token can be purchased from Binance, FTX, Bitget, OKX, Coinbase, Gate.io, Huobi Global, KuCoin, MEXC, CoinEx, Coin DCX, and Mandala Exchange.

The token can be stored in MetaMask and Trust Wallet. 

Also Read: SEC gives nod to new US stock exchange with blockchain feed


The Crypto market is volatile. Thus, investors should exercise caution while investing in cryptos.


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