Spotlight: Aavegotchi (GHST)
What is Aavegotchi?
Aavegotchi is a unique crypto collectible game built on Ethereum that allows players to purchase and grow Non-Fungible Token (NFT) avatars known as Aavegotchis. Each Aavegotchi has unique attributes defined by a rarity score, calculated based on specific character traits, wearables attached to the avatar, and a kinship score.
The game draws on nostalgia for the popular handheld digital pet game Tamagotchi, enriching its classic gameplay with blockchain-enabled functionality. Aavegotchi incorporates many popular aspects of crypto into one unified platform, including decentralized finance (DeFi), blockchain gaming, staking, and digital land ownership.
What Is GHST And Its Purpose?
The primary utility token of the Aavegotchi ecosystem is GHST, which is used to buy and sell goods within the Aavegotchi world, including Aavegotchis themselves. GHST can also be staked for additional rewards and can be transferred between users just like other cryptocurrencies.
Who Founded Aavegotchi?
Aavegotchi was created by Singapore-based Pixelcraft Studios, which is led by a number of coders and developers with experience in the NFT and DeFi worlds.
When Was Aavegotchi Launched?
The game officially launched in September 2020, with the initial token distribution seeing 5 million GHST tokens go to private sale participants, 500,000 to presale participants, and 2 million to the development team, with the rest being distributed via public sale.
To obtain an Aavegotchi, users must first obtain GHST tokens. With their GHST, participants can either directly purchase an Aavegotchi or purchase a Portal, which is a pack of ten Aavegotchis from which users can only choose one.
What Are Aavegotchi Avatars?
Aavegotchi avatars can also be thought of as escrow accounts that hold staked tokens. When summoning a new Aavegotchi, a user can also stake a minimum amount of Aave-based tokens, which are cryptocurrencies pegged to the value of another asset, with their Aavegotchi avatar to increase its rarity score.
What Brings Value To Aavegotchi And GHST?
The value of Aavegotchi and GHST is derived from their Spirit Force, which represents their financial backing, unique traits, and wearables. High Spirit Force value characters are rare and therefore have greater collectibility in the market. GHST is also used to participate in governance in the AavegotchiDAO, allowing token holders to vote on key decisions influencing the future direction of the project.
Final Thoughts
Overall, Aavegotchi offers a unique and innovative gaming experience that combines blockchain technology, DeFi, and NFTs, providing a platform for gamers and collectors to explore and interact with a digital universe.
