What kind of currency is AGLD coin? Introduction to the official website, circulation and trading platform of AGLD coins

The Angle Protocol's fungible governance token, AGLD, empowers holders to participate in on-chain governance, stake for rewards, and enjoy fee discounts within the decentralized stablecoin platform.

Oct 31, 2024 at 06:59 pm

What is AGLD Coin?

AGLD coin (Agile) is a fungible governance token of the Angle Protocol, a decentralized stablecoin platform for various fiat-pegged digital currencies.

Official Website

The official website of the Angle Protocol is:

https://angle.io/

Circulation and Trading Platforms

As of February 15, 2023:

Total Supply: 1,000,000,000 AGLD

Circulating Supply: 700,000,000 AGLD

AGLD coins are traded on several cryptocurrency exchanges, including:

Binance
Uniswap
Gate.io
SushiSwap

Uses of AGLD Coin

AGLD coin holders have the following rights and privileges:

Governance: AGLD coin holders can participate in on-chain governance proposals. These proposals may include changes to protocol parameters, new product launches, and other decisions.

Staking: AGLD coin holders can stake their tokens to earn rewards for securing the network. Staked AGLD coins are used to validate transactions and maintain the stability of the Angle Protocol.

Fee Discounts: AGLD coin holders receive discounts on transaction fees within the Angle Protocol. The discount is proportional to the number of AGLD coins held.

Unique Features of AGLD Coin

AGLD coin is unique in several ways:

Stablecoin Governance: AGLD coin is the first governance token specifically designed for a decentralized stablecoin protocol.
Adjustable Supply: The Angle Protocol uses a novel mechanism called "AMM Bonding" to automatically adjust the supply of AGLD coins based on demand.
Community-Driven: The Angle Protocol and the AGLD coin are managed by a decentralized autonomous organization (DAO), which allows the community to make decisions about the protocol's future development.

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