What currency is AGLD? What does AGLD coin mean?

The native cryptocurrency token of Axie Infinity, AGLD (Axie Infinity Shards), serves as the in-game currency and enables players to purchase assets, pay breeding fees, earn rewards, and participate in governance through the Axie Infinity DAO.

Nov 07, 2024 at 02:27 am

1. What is AGLD Currency?

AGLD is the native cryptocurrency token of the popular blockchain-based game, Axie Infinity. It serves as the in-game currency and has a range of uses within the game's ecosystem.

2. What Does AGLD Coin Mean?

AGLD stands for "Axie Infinity Shards." It is named after the in-game resource known as "Shards," which players collect to breed and trade their Axies, the game's adorable creatures.

3. Uses of AGLD in Axie Infinity:

Within the Axie Infinity ecosystem, AGLD is used for several key purposes:

In-Game Transactions: Players can use AGLD to purchase Axies, items, and other in-game assets.
Breeding Fees: When players breed their Axies, they pay a fee in AGLD to generate new creatures.
Staking Rewards: Players who stake (hold) their AGLD in the game's Staking Pool can earn rewards and governance privileges.
Axie Infinity DAO: AGLD token holders have governance rights over the Axie Infinity Decentralized Autonomous Organization (DAO), which allows them to participate in decision-making.

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