Adventure Gold
Crypto Overview
Purpose and Utility
Adventure Gold (AGLD) is the native token of the Loot NFT ecosystem, launched in 2021. It serves as a governance and utility token for the Loot community, allowing holders to participate in ecosystem decisions and access various features within Loot-based games and applications.
Business Model and Platform Activity
The token operates within the broader Loot ecosystem, which is a collection of randomized adventurer gear generated and stored on the Ethereum blockchain. AGLD was created to add utility to Loot NFTs and facilitate the development of games and applications within the ecosystem.
Real-World Adoption
The token has seen varying levels of adoption within the Loot ecosystem, primarily used for governance and as a medium of exchange in Loot-based projects. While the initial enthusiasm has cooled since its 2021 launch, the token continues to maintain its core utility within the ecosystem.
Token Distribution
AGLD was distributed through a fair launch mechanism, with tokens initially claimed by Loot NFT holders. There was no pre-mine for the team or venture capitalists, which aligns with principles of fair distribution.
Development Activity
The project maintains active development, though at a moderate pace. The focus has been on supporting the broader Loot ecosystem rather than the token itself, as AGLD serves as a utility layer for the wider platform.
Crypto Impact
To assign a comfort level investing in Adventure Gold from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Adventure Gold.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.