When was AGLD coin issued? Learn about the origin of AGLD coin in one article

AGLD (Agile), a decentralized cryptocurrency on the Ethereum blockchain, originated in June 2021 through a public token sale with an initial supply of 50 million.

Nov 07, 2024 at 01:04 pm

AGLD Coin: Origins and Issuance

1. Origin of AGLD Coin

AGLD (Agile) is a decentralized cryptocurrency that operates on the Ethereum blockchain. It was developed by Agile labs, a banking platform that focuses on simplifying and accelerating the process of getting started in decentralized finance (DeFi).

2. Issuance of AGLD Coin

AGLD was initially issued through a public token sale in June 2021. The initial circulating supply of AGLD was 50 million tokens. Since then, additional AGLD tokens have been issued through various mechanisms, including:

Liquidity mining: AGLD is distributed to users who provide liquidity to the AGLD/ETH pool on decentralized exchanges.
Staking: AGLD tokens can be staked in the Agile vault to earn rewards in the form of more AGLD tokens.
Ecosystem rewards: AGLD is used to reward ecosystem participants, such as developers, validators, and governance voters.

3. Purpose of AGLD Coin

AGLD serves several key functions within the Agile ecosystem:

Governance: AGLD token holders have voting rights on proposals that affect the direction of the Agile platform.
Transaction fees: AGLD is used as a native gas fee for transactions on the Agile platform.
Staking: AGLD can be staked to secure the network and earn rewards.
Incentivization: AGLD is used to incentivize the growth and adoption of the Agile ecosystem.

4. Current Status of AGLD Coin

As of July 12, 2023, the total circulating supply of AGLD is approximately 286 million tokens. The current price of AGLD is $0.21. AGLD is currently ranked 2,146th among all cryptocurrencies by market capitalization.

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