Aavegotchi (GHST) is a non-fungible token (NFT) based on the Aave protocol that focuses on DeFi. Aavegotchis are gaming avatars that can be used as DeFi assets to gain staking incentives.
The coins, like CryptoKitties, have distinguishing characteristics such as body colour and personality. The tokens can be liquidated at any moment because they are a staked asset. Unluckily , selling your NFTs will result in the loss of your Gotchi.
Because they follow Aave, which means “ghost” in Finnish, the characters have a pixelated ghost look. The token ticker also spells out “ghost,” sans the vowel, in a novel way.
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Aavegotchis are uncommon crypto-collectibles that live on the Ethereum blockchain and are supported by the ERC-721 standard, which is utilized in games like CryptoKitties, Axie Infinity, and Cryptovoxels. Collateral stake, qualities, and wearables are the three characteristics that define Aavegotchi’s total worth and rareness within the Aavegotchi world.
Aavegotchis are tiny pixelated ghosts that live on the Ethereum blockchain and follow the ERC-721 protocol. Their worth is defined by their rareness level, which is calculated by a combination of criteria including base characteristics, staked collateral/aTokens, and equipped wearables.
Players may rank up their Aavegotchis through a range of activities such as mini-games, governance, and gatherings. Aavegotchis may also improve their rarity by leveling up and wearing in-game gear.
The DeFi project is managed by a group with extensive experience in a variety of sectors. Its pseudonymous chief executive officer and co-founder are Coder Dan. Jesse Johnson is another well-known co-founder.
Johnson is the CEO and founder of Pixelcraft Studios, as well as the designer of Bullionix, the first gold-backed NFT collectibles. Johnson formerly worked for firms such as China Intop Exhibition Co and ZB Group, where he held positions such as director of business relations/development and manager of foreign market expansion.
Other pseudonymous members of the team handle crucial duties such as art director and Solidity lead. Stani Kulechov, the creator of Aave, is the project’s adviser.
To begin with, Aavegotchis are collectible toys that may also be used as collateral on DeFi networks. Unlike other NFTs, they offer intrinsic benefits in the sector that outweigh the potential for gaming. To connect with a Gotchi, DeFi users must stake a chosen collection of tokens known as aTokens into a Gotchi, such as LINK (aLINK) and USDC (aUSDC).
The game’s usage of aTokens is due to its positioning to collect interest, which “accumulates natively in your wallet, in real-time,” according to coder Dan. Holders of the platform’s native currency, GHST, are placed to “win high-end products,” according to Johnson, in addition to collecting interest from staked tokens.
On prominent crypto exchanges, the protocol’s native token is featured. On exchanges including Binance, OKEx, MXC, Bilaxy, and Uniswap, GHST is matched with a variety of coins.
It’s coupled with Ethereum (ETH) and Binance USD (BUSD) on Binance, and it’s exchanged against Tether on MXC (USDT). Uniswap, on the other side, pits GHST against WETH.
No. Aaevegotchi is currently unavailable for purchase using fiat currencies on any of the supported exchanges. You may, however, buy Bitcoin with fiat currency and subsequently convert it for Aaevegotchi.
The project is protected via a proof-of-work (PoW) consensus process, which is driven by the Ethereum blockchain. However, since the creation of the Beacon Chain, Ethereum has just recently begun its shift to a proof-of-stake (PoS) system, it may eventually do so. Aavegotchi smart contracts are also open source, allowing for individual access and scrutiny of any faults or hidden backdoors.
Yes, is a highly user-friendly site for purchasing Bitcoin using credit cards. It’s a real-time cryptocurrency exchange that lets you purchase and sell cryptocurrencies with a credit card. It has a highly user-friendly layout, and the purchasing process is quite self-explanatory.
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact Aaevegotchi’s price and market cap.
Aaevegotchi Official website – https://aavegotchi.com/
Aaevegotchi Twitter – https://twitter.com/aavegotchi
Aaevegotchi Medium – https://medium.com/@aavegotchi
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