How to Buy Adventure Gold (AGLD) in 3 Simple Steps
Adventure Gold is the currency of a play-to-earn (P2E) blockchain game that is currently being developed by community members. It is closely related to the Loot NFT project and is built on the Ethereum blockchain.
To know more about the secretive adventure game currently underway, where you can buy your first Adventure Gold tokens, and how you can turn a profit on them, keep on reading.
How to Buy Adventure Gold
You can purchase Adventure Gold online using a cryptocurrency exchange. This is the easiest way to buy and sell cryptocurrencies—all you need is a computer or mobile device. See below for our top picks of platforms that offer Adventure Gold and simple steps to buy Adventure Gold.
1. Choose a platform
To buy Adventure Gold, you’ll have to register with a broker or exchange where the coin is available. Below, you will be able to find platforms where you can buy Adventure Gold knowing that you will have a trouble-free user experience, benefit from tight security measures, and enjoy low transaction costs.
2. Create and fund your account
You may be asked to meet some KYC criteria so you can complete the onboarding process on your favoured broker or exchange. To do this, you’ll have to provide I.D. like a passport and proof of residency in the form of a recent utility bill. Following this, you can deposit money onto your account using a variety of methods like Visa, Mastercard, and PayPal.
3. Buy Adventure Gold
After finishing up with the above, you’ll be able to buy Adventure Gold on your selected platform by looking for the trading pair that matches the currency you have sent to your account. For instance, if you’ve deposited British pounds, you’ll want to choose the AGLD/GBP trading pair.
What Is Adventure Gold?
Adventure Gold (or AGLD) aims to link together multiple play-to-earn adventure games –– inspired by the Loot NFT project –– that are currently under development by serving as an in-game currency. Loot is an NFT collection representing fictional adventure game gear like silver pendants or medieval crowns that can be used by any Ethereum-based game.
Adventure Gold token-holders possess governance powers that allow them to shape the story and direction of the adventure game in making. This is almost like readers being able to change the storyline of Harry Potter novels before flicking to the next chapter, as long as the majority of Potterheads agree with the decision.
Adventure Gold has no real use cases at present but does have a thriving community actively working to create various adventure games around AGLD, due to the popularity of the Loot NFT project.
Coders, gamers, and token-holders alike are all working hand-in-hand behind the scenes to build a multi-level metaverse with AGLD acting as the native currency. This cuts a contrast to some other metaverse projects where community participation during the first stages of building is often neglected, with the original developers often choosing to take full control of the metaverse creation process.
Ways to Invest in Adventure Gold
There are primarily two ways of investing in Adventure Gold depending on your financial goals. If you want to realise quick profits, you’ll make a short-term investment. On the other hand, if you want to wait it out, and let the value of your AGLD tokens multiply, you’ll be looking to make a long-term investment in Adventure Gold.
Buy and hold Adventure Gold
If you want to turn a profit without actively trading, buying and holding Adventure Gold is usually the most suitable strategy for doing so. This approach requires little expertise or effort and is a relatively easy way of making profits in the long run for the average investor.
Best Adventure Gold wallets
Some investors wish to take self-custody of their AGLD by locking their coins in private software or hardware wallets like those offered by Trezor, BitBox, and Ledger to which only they have the “keys” (or access to it).
This is widely regarded to be a more secure way of storing your Adventure Gold in comparison to the use of web wallets provided on exchanges and brokers that are at greater risk from hackers.
Trade Adventure Gold
Many AGLD coin-keepers also choose to capitalise on the volatility of its price by trading it on exchanges that are open 24/7, unlike the traditional stock market. Although this strategy can produce more frequent profits, it requires a great deal of skill and can even see the most prolific traders fall foul to unexpected fluctuations in the price of Adventure Gold.
Most traders prefer to store their AGLD on web wallets instead of private wallets because they offer a quicker route for those looking to make instant trades on exchanges.
Should I Buy Adventure Gold Now?
Before you buy Adventure Gold, you should take care to conduct research on the coin and remember that an investment in AGLD may be just as likely to lead to a loss as it would a profit. With this in mind, we have highlighted a few things that you may wish to take into consideration when buying Adventure Gold.
By aiming to act as in-game currency, Adventure Gold is seeking to take advantage of the growing popularity of the Metaverse and the starring role NFTs are playing in them. By most accounts, this is a sector that is expected to see tremendous expansion in the coming years which would likely only bring more desirability for projects like Adventure Gold.
It is also important not to forget that Adventure Gold is heavily centred around the Loot NFT project and its archive of randomised adventure gear collectibles. Ethereum co-founder Vitalik Buterin has described Loot to be the only NFT project to resemble the vision of Ethereum because it gives anybody the opportunity to innovate and create whatever they want.
From this perspective, what could potentially bring more value to Adventure Gold as an investment is the fact that unlike most P2E projects underway, it is completely community-driven; and therefore, more democratic.
Rather than the original creators, it is unknown developers, coders, and gamers that are all committed to creating a metaverse where multiple adventure games not only co-exist with one another but are branched together with AGLD –– the metaverse’s native currency.