What Is Angola (AGLA)? Complete Guide & Review About Angola

What Is Angola (AGLA)?

The Angola Project is a social NFT system built upon blockchain-based Web3.0 Creator Economy. Its aim is to become a mainstream of NFT by enabling people to create NFT contents of everyday lives. Users, as participants in the Angola project ecosystem, will issue NFTs with images and video files of contents from their daily life taken by NFT cameras and use them for various usages in the NFT social system.

Once users issue NFTs, its value will be appraised by the community members within Angola ecosystem and other marketplaces within the system, and users will have opportunities to earn reasonable revenue. The Angola Project aims to become a mainstream of NFT and ensure the ownership of creators upon their contents and correct the unreasonable profit distribution scheme in the conventional digital asset market.

The ecosystem of the Angola project operates in the Angola system

A Take to Earn service that allows users to take images and video files with the Candy Camera application, and execute NFT minting, and generate revenue.

A community service that allows users to open a community by their own interest, and let other users join the community by their interest as well. Then their NFT will be shared and appraised within the community which will lead to create the value of the NFT when it is picked by the community members.

Challenge service that allows users issue NFTs by topic, and users vote for the NFT and decide the top popular one which will get rewarded

NFT Marketplace that allows users select and trade highly ranked NFTs within the community and Challenges

Blockchain

Angola is a blockchain-based infrastructure built with the goal of improving the irrationality of the profit distribution structure of the existing digital asset market. As an integrated NFT project, it is operated based on the Candy Camera app, which has

250 million downloads worldwide. With the Candy Camera app, users are free to take photos, issue them as NFTs, and go through transactions on the marketplace. so you can make a profit. In the future, they will form partnerships with more image and art partners for the Angola project. We will choose to form an alliance.

NFT MintingYou can take a picture with an NFT camera or publish a nice picture from your gallery to NFT. You can also issue a new camera box by breeding the NFT cameras you have.

AGLA

It is used as a reward for activities in the Angola system and as a governance token.

• A total of 3 billion Ethereum-based (ERC-20) tokens will be issued.
• It is a governance token of the Angola ecosystem, to be paid as a reward for user activity in the Angola system.
• NFT minting is to secure the rights of user activities such as opening a community and participating in the community. At this time, it is paid with AGLA tokens or used for staking.
• AGLA tokens are available for swapping with CRRT tokens at a certain rate. The swap rate will be variable by the market value of AGLA tokens and by governance decisions.
• AGLA tokens earned by NFT sales are partially burned to maintain the value of AGLA tokens.
• Used as a payment method to buy NFTs on the Marketplace.

CRRT

Used as a reward (Take to Earn) for activities with Candy Camera.

• In principle, CRRT tokens are issued unlimitedly for reward tokens. At first 100 million CRRT tokens are issued, and when 90% is burned and 10 million are left, then 100 million will be issued again.
• Used to pay as a reward for user activity with the Candy Camera application.
• CRRT tokens are used to pay when users purchase NFTs such as Camera NFT and Camera Box NFT to Take to Earn effectively, or to buy NFT as a means to use various extended functions of Candy Camera.
• CRRT tokens can be swapped with AGLA tokens at a certain rate.

AGLA NFT

Used as proof of rights in contents and community activities.

• NFT minting for photos taken by users with the Candy Camera application.
• Minting NFTs to secure various qualifications and rights, such as Camera NFT, Camera Box NFT, Community Open NFT, and Community Participation NFT.
• Minted NFTs can be exchanged, purchased, or sold with AGLA tokens or CRRT tokens.

Reward

1. 1.Participated in Challenge and reward based on the result
   • Counted based on the number of Pick obtained and NFT sales revenue.
2. 2.Reward based on the invigoration of activities in the community after opening
   • Counted based on the number of community members, the number of registered NFTs, the number of picks obtained and NFT sales revenue.
3. 3.Participated in Challenge and reward based on the result
   • Counted based on the popularity, sales revenue, and participation of the picked NFT to challenge
4. 4.Reward based on posting and popularity of photos and video files NFT
   • Counted based on the popularity of posted NFTs, the number of picks obtained and NFT sales revenue
5. 5.Reward based on popularity in NFT Marketplace

Token Metrics

The currency of the digital ecosystem of the Angola system is AGLA tokens (Ticker is commonly referred to as AGLA). AGLA token is the ERC standard of Ethereum and has two characteristics in the form of utility and governance. Its functions are burning, lockup, NFT minting, etc. The total issuance of AGLA is limited to 3,000,000,000, and token allocation plan is as follows:

Technology

Ethereum

The blockchain network of the Angola system is the Ethereum mainnet. Our Angola project follows the features of Dapp and Web3.0, which are the essence of Ethereum, and the ERC standard has been used by many others token ecosystems already.

The main reason that the Angola Project wish to keep Ethereum as a public network is that it should not be a major obstacle to listing on an exchange in order to swap users’ fiat (fiat currency) with AGLA tokens. Ethereum’s ERC standard network is the most widely supported by exchanges.

Solana

Solana is used as a side-chain in the Angola system. AGLA tokens issued based on Ethereum are interlinked to Wormhole, Solana’s swap system, through a bridge provided by Ethereum. Ethereum AGLA tokens can be swapped with Solana-based AGLA tokens.