The technological architecture of Adventure Gold is based on simplicity and decentralization. The AGLD token is a standard ERC-20 token that operates on the Ethereum blockchain. The choice of Ethereum was due to its reliability, security, and broad support, which was critically important for a project aiming to create a fundamental building block for decentralized applications. The total supply of AGLD tokens is around 70 million.
The AGLD tokenomics was designed with a focus on fair distribution and governance.
Massive airdrop: The most significant event in the AGLD tokenomics was the massive airdrop. Each of the 8000 NFT Loot holders received 10,000 AGLD tokens. This ensured a wide and decentralized distribution of tokens from the very beginning, eliminating the possibility of dominance by large investors.
Governance: The primary utility of the AGLD token lies in the right to governance. Token holders can vote on various proposals regarding the development of the Loot ecosystem. These proposals may include:
Standards for development: The adoption of new rules for creating games, stories, and other applications that utilize data from NFT Loot.
Use of the treasury: The distribution of funds collected in the treasury to finance projects and initiatives aimed at developing the ecosystem.
Incentive mechanisms: The creation of new mechanisms to reward participants who actively contribute to the development of the project.
Medium of exchange: AGLD can be used as a universal currency in games and applications built on Loot, giving it additional utility.
Thus, the AGLD tokenomics is not just an economic model but a tool for implementing the concept of decentralized governance and collective creativity, where every participant has a real voice.