Aavegotchi (GHST) is a non-fungible token (NFT) centered on DeFi that depends on the Aave network. Aavegotchis are simple gaming avatars that may be used as DeFi collateral to receive pledging incentives.
CoinMarketCap currently ranks #407, with a live market cap of $93,962,050 USD. There are 55,154,649 GHST coins in circulation.
About Aavegotchi GHST
In November 2020, Aave partnered with Pixelcraft Studios, introducing raffles to its system, which will then be introduced around November 2021.
The project’s mainnet debut was originally slated for January 4, 2021, but was postponed owing to high transaction costs on the Ethereum blockchain, where it operates as a side chain.
Holders of the platform’s native currency, GHST, are positioned to “win high-end things,” according to Johnson, in addition to collecting interest on staked tokens. Aavegotchis can be traded on OpenSea and other NFT-focused marketplaces.
What is Aavegotchi GHST?
Aavegotchi relies on a technique known as rarity farming. Basically, the more uncommon the Gotchi, the greater the market price.
Furthermore, the company splits a portion of its earnings with top rarity growers. The latest Aavegotchi price is $1.70 USD, and the 24-hour trading volume is $28,046,057 USD. In addition to that GHST to USD, pricing is updated frequently for accuracy.
Aavegotchi blockchain networks are also open source, allowing for personal accessibility and evaluation for mistakes and/or concealed backdoors.
Who Are the Founders of Aavegotchi GHST?
The DeFi project is led by a group of experts with diverse backgrounds. Coder Dan is the company’s pseudonymous CEO and co-founder. Jesse Johnson is another well-known co-founder.
Other untraceable members of the team handle key tasks such as art director and Solidity head. Stani Kulechov, the originator of Aave, is the program’s consultant.
What Makes Aavegotchi GHST Unique?
To begin with, Aavegotchis are playable items that also serve as collateral on DeFi networks. Unlike other NFTs, they offer intrinsic benefits in the sector that outweigh the gaming potential.
The game’s usage of aTokens is owing to its positioning to generate interest, and “the interest accrues directly in your account, in true minutes,” according to coder Dan the developer himself.
To engage with a Gotchi, DeFi users must stake a specific collection of tokens known as aTokens, including such LINK (aLINK) and USDC (aUSDC), together into Gotchi.
Fees for playing with mini-games, as well as the sale of consumables and wearable, generate money for the project.
Where Can You Buy Aavegotchi GHST?
The protocol’s indigenous coin is available for purchase on major cryptocurrency exchanges. On platforms like as Binance, OKEx, MXC, Bilaxy, and Uniswap, GHST is matched with other tokens.
Binance pairs it with Ethereum (ETH) and Binance USD (BUSD), whereas MXC connects it with Tether (USDT) (USDT). Uniswap, on the other side, combines GHST with WETH.
Frequently Asked Questions About Aavegotchi GHST
How Many Aavegotchi GHST Coins Are In Circulation Currently?
The total sum of GHST tokens is 22,854,372. The platform employs a bonding curve to accommodate the continuous distribution of GHST, which is a tax on goods and services.
What Security Measures Does the Aavegotchi GHST Take?
The project is protected using a proof-of-work (PoW) consensus method, which is powered by the Ethereum blockchain.
On What Factors Does The Price Of The Aavegotchi GHST Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact GHST’s price and market cap.
Conclusion
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it’s wide enough to quote that Aavegotchi GHST tokens have been upgraded to a new all-time high translation volume of almost $1.71 U.S Dollars per token.
In a nutshell, Aavegotchi GHST has blessed online traders to enjoy trading luxuries globally with the provision of ease through its secure, diverse, and viable transactional policies.
Aavegotchi GHST Official Website –https://aavegotchi.com/
Aavegotchi GHST Twitter –https://twitter.com/aavegotchi
Aavegotchi GHST Medium –https://medium.com/@aavegotchi/aavegotchi-ghst-token-distribution-pre-launch-primer-58f0c06ab045