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BitcoinWorld
Upbit AGLD Token Supply Update: Crucial Changes for Adventure Gold Holders
In the fast-paced world of cryptocurrency, staying informed about token specifics is paramount. Recently, a significant development occurred concerning the AGLD token, specifically involving one of the largest crypto exchanges in South Korea, Upbit.
South Korean cryptocurrency exchange Upbit has officially announced an update to the AGLD token’s supply schedule information displayed on its platform. This action was taken following a direct request from the Adventure Gold team, the creators and stewards of the AGLD token project.
Understanding a token’s supply schedule is fundamental for investors and participants. It outlines how many tokens exist, how many are in circulation, and how future tokens will be released over time. Changes to this schedule, even if just an update to the displayed information, can impact market perception and understanding of the token’s scarcity and distribution model.
The primary driver behind this update was a request from the Adventure Gold team itself. This highlights the collaborative nature often required between token project teams and the exchanges that list their assets. Project teams are the authoritative source for their token’s technical specifications and economic model, including the precise token supply schedule.
Exchanges like Upbit strive to provide accurate and up-to-date information to their users. When a project team identifies discrepancies or provides updated details regarding critical tokenomics aspects like the supply schedule, exchanges typically work to reflect these changes promptly. This ensures transparency and helps prevent misunderstandings among traders and holders on the platform.
For anyone holding or trading the AGLD token, the supply schedule is a crucial piece of information. Here’s why:
An update to this schedule, or the information displayed about it, can signal important changes in the project’s distribution plan or simply rectify previously incorrect data. While the specific details of *what* was updated in the AGLD schedule haven’t been detailed in the initial announcement, the fact that an update occurred based on the team’s request underscores the importance of exchanges reflecting the most current project data.
To fully grasp the context, it’s helpful to know about Adventure Gold. AGLD is the native ERC-20 token of the Loot project ecosystem. Loot is a decentralized NFT project featuring randomized adventurer gear generated and stored on-chain. AGLD was initially distributed to holders of Loot NFTs, allowing them to claim tokens based on the Loot bags they held. The token is intended for use within the Loot ecosystem, potentially for future games, governance, or other functionalities built upon the Loot bags.
The Adventure Gold team is responsible for guiding the development and ecosystem growth around the AGLD token and the broader Loot universe. Their request to Upbit indicates their active management of the token’s public information.
For users of the Upbit crypto exchange who hold or trade AGLD, this update means they now have access to the latest information regarding the token’s supply schedule as provided by the Adventure Gold team. While the immediate market impact might be minimal unless the update revealed a drastically different schedule than previously understood, it reinforces the reliability of the information provided on the exchange.
Key Takeaways for Holders:
This event also serves as a reminder of Upbit’s commitment to maintaining accurate listing information, responding to project teams’ requests for data correction or updates.
If you are invested in AGLD or considering it, here are some steps you can take:
The action taken by Upbit to update the AGLD token supply schedule based on the Adventure Gold team’s request is a positive step for transparency in the crypto market. Accurate information regarding tokenomics is essential for informed decision-making by investors and participants. While the specifics of the update were not detailed in the initial announcement, the process itself demonstrates the importance of collaboration between exchanges and project teams to ensure the data available to the public is current and correct. For AGLD holders, this means the information on a major platform like Upbit is now aligned with the latest data from the project team, providing greater clarity on the token’s distribution future.
To learn more about the latest crypto exchange news and token supply trends, explore our articles on key developments shaping the crypto market.
This post Upbit AGLD Token Supply Update: Crucial Changes for Adventure Gold Holders first appeared on BitcoinWorld and is written by Editorial Team
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