Today, Adventure Gold DAO, the community governance organization behind $AGLD & Adventure Layer launches onchain governance on Tally.

To understand AGLD, you must first understand Loot. Loot is a first of its kind NFT project launched in 2021. Loot NFTs are text only and include 8 randomly generated ‘adventure gear items’. Loot is simply text, no instructions, and no limits to what can be created. The minimalist approach encourages developers to use Loot to build their own games & communities. The potential is unlimited and is dependent on what the community chooses to build with Loot’s building blocks. To learn more about Loot’s mechanics, visit. https://www.lootproject.com/

Adventure Gold launched the first native currency ($AGLD) for the Loot ecosystem, marking a shift in how users interact & build fully onchain games with Loot. The protocol is the first to airdrop fair-launched governance tokens directly to NFT holders, meaning the only way to acquire $AGLD is to hold a Loot NFT.

Additionally, the Adventure Gold community launched Adeventure Layer (prev. Loot Chain) to provide a fast, affordable, sovereign, and EVM compatible chain for the Loot community to build and run fully onchain games.

AGLD DAO’s  governance launch on Tally marks an important step in the Adventure Gold ecosystem as more power is given to the hands of the community. The idea behind $AGLD is to unite the Loot ecosystem & drive long-term success of Loot based games through community governance. The introduction of the Adventure Gold DAO on Tally is the next evolution of the Loot ecosystem and would not be possible without the contributions of a few key community members taking an active role in ushering in a brighter future for the AGLD ecosystem. Let’s take a look at the timeline.

1. AGLD Tokenomics Implementation Details

   In November 2021, Gareth, Hill, Eraser, JX and other AGLD community members proposed to position AGLD as the incentive token for the Loot & mLoot NFT, with a mild inflation plan for the UBI incentives for Loot & mLoot NFT. The proposal passed with more than 90% approval.

   Reference: [AGIP - 1] Adventure Gold Tokenomics Proposal v1

   Reference: Loot-Talk Forum Discussion

2. AGLD Tokenomics Upgrades

   In February 2023, Hill, a core contributor in the AGLD community, proposed to modify the last tokenomics proposal, adding more Lootverse NFTs to the UBI coverage. The proposal also added a treasury stewarded by the Adventure Gold DAO. The proposal passed with more than 90% approval.

   Reference: [AGIP-4] Adventure Gold Token Economics Proposal V3

   Reference: Loot-Talk Forum Discussion

3. Loot Chain Launch

   In April 2024, the AGLD DAO announced the launch of Loot Chain, a L3 as a dedicated chain for the Loot community. It aims to provide a fast, affordable, sovereign and EVM compatible chain for the Loot community to build and run Fully Onchain Games (FOCG). The proposal passed with more than 90% approval.

   Reference: Loot Chain announcement

4. AGLD DAO Introduction

   In Apr 2024, and Aug 2024, Hill, a core contributor in the AGLD community, proposed to enable onchain governance for AGLD DAO by Llama, later transitioned to Tally as Llama is discontinuing their service. Security concerns were raised during the attempt to implement the tokenomics directly on the current AGLD smart contract, highlighting that the current smart contract is under the control of a multi-sig built by the original token creator. The inflation in the tokenomics might introduce attacks from hackers on the smart contract, as well as the multisig holders. By transitioning to onchain governance, the AGLD DAO can ensure that the inflation and usage of the inflated tokens are managed by the AGLD token holders in a transparent, secure and verifiable platform. Both proposals passed with more than 90% approval.

   Reference: [AGIP-6] Enabling onchain governance for AGLD DAO with Llama

   Reference: Loot-Talk Forum Discussion

   Reference: [AGIP-7] Transitioning AGLD DAO’s onchain governance platform from Llama to Tally

   Reference: Loot-Talk Forum Discussion

5. Loot Chain Upgrades to Adventure Layer

   In September 2024, Hill, a core contributor in the AGLD community, proposed to upgrade the Loot Chain to the Adventure Layer, solving multiple technical bottlenecks as well as enabling better developer & user experience. The proposal passed with more than 90% approval.

   Reference: [AGIP-8] Upgrading the Loot Chain to the Adventure Layer

   Reference: Loot-Talk Forum Discussion

6. AGLD DAO Migrates to Tally for Onchain Governance

   In August 2024, Hill, a core contributor in the AGLD community, proposed to migrate AGLD DAO Governance from Llama to Tally to ensure and enhance onchain governance mechanisms in the DAO. The proposal passed with 100% approval.

   Reference: [AGIP-7] Transitioning AGLD DAO’s onchain governance platform from Llama to Tally

7. AGLD DAO launches on Tally

In January 2025, the Adventure Gold DAO officially launched onchain governance on Tally. AGLD community members can delegate, vote, and submit proposals via Tally’s platform.

Reference: AGLD DAO Homepage

Onchain governance is essential for the long term growth of the Adventure Gold ecosystem. Transparent, decentralized decision-making paired with $AGLD’s tokenomics structure allows the ecosystem to play an active and equitable role in the expansion of the Loot gaming community. As the community expands, aligning $AGLD token holders with the economic success of broader Adventure Gold initiatives is vital to sustainable growth. Tally enables the AGLD DAO to track decisions, reduce manipulation, & build trust with battle-tested governance solutions. Tally is honored to be the governance launch partner for AGLD DAO and looks forward to supporting future innovations.

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