The utility token of the Angola Project, AGLA, has been listed on the Bybit Launchpool by Bybit, the third most visited cryptocurrency exchange in the world.
The Angola Project is a social NFT system built upon the blockchain-based Web3 creator economy. Its aim is to become a mainstream NFT ecosystem by enabling people to create NFT content in people’s lives.
Users, as participants in the Angola project, can issue NFTs with images and video content using NFT cameras for a variety of purposes in the NFT social system. Once users issue NFTs, their value will be appraised by community members within the Angola ecosystem and other marketplaces within the system, and users will have opportunities to earn reasonable yields.
The AGLA token is used as a reward for activities in the Angola system and as a governance token. Users can use AGLA tokens to buy NFTs or stakes in the marketplace.
Additionally, AGLA tokens earned by NFT sales are partially burned to limit supply and maintain the value. According to Bybit, a total of 3 billion Ethereum-based (ERC-20) tokens will be issued.
Bybit Launchpool is a component of Bybit Earn, where users can stake and earn tokens for free with attractive APYs. Users can stake and unstake tokens at any time, and earn fees on their staked currency. They can also earn bonuses in Tether (USDT).
The Angola system is organized by a web3 DAO with no intermediaries. The DAO is composed of ecosystem participants and investors of the Angola project.