What is Aavegotchi (GHST)? Detailed information about virtual currency GHST

What is Aavegotchi (GHST)?

Aavegotchi (GHST), powered by Aave is a combination of DeFi staking and non fungible tokens (NFT) possess 3 attributes, which determine their value and rarity: collateral stake, traits and wearables.

Launched in July 7, the team behind Aave (one of the largest DeFi protocols today) created Aavegotchi to provide new alternatives to yield farming. This project brings entertainment gaming mechanics to the platform to support a new type of DeFi experience for users.

How does Aavegotchi work? Explain

Aavegotchis is an Ethereum-based crypto-collectibles powered by NFT technology. Aavegotchi NFTs follow a similar setup that other blockchain-based games like Cryptokitties implement on their own economi gaming.

What Aavegotchi offers to the blockchain gaming space are DeFi models such as collateral staking, dynamic rarity, rarity farming, decentralized autonomous organization (DAO), and smart contract deployment. In a nutshell, the goal is to use DeFi and yield farming concepts in creating NFTs that can hold value and appreciate over time.

Aavegotchi Ecosystem

Portals

The user can only summon or create Aavegotchi through portals. This is supported by a smart contract that allows the creation of new NFTs. You can buy the portal from the Aavegotchi dapp or from the external marketplace.

When requesting Aavegotchi, user ollateral staking is required. Portal can only support summoning an Aavegotchi.

AavegotchiDAO

The community-governance model will be supported by AavegotchiDAO. This protocol will allow users to decide on the list of collaterals that can be staked in the NFT. Modify the gameplay parameters and even limit the number of Aavegotchis that can be created in the future.

To incentivize community-governance token holders, they are rewarded with GHST

Aavegotchi Realm

Realm is a digital digital world where Aavegotchis can interact with each other and participate in games, execute smart contracts and request governance functions.

Users can buy land (lots of land), or REALM. In the Aavegotchi world by staking GHST tokens. Aavegotchi Realm aims to create a more intuitive experience for voters in the community.

Token GHST

Details about GHST you follow in the next section.

What is GHST token?

GHST is the native token of the Aavegotchi ecosystem, used for many different purposes.

Basic information about GHST

TickerGHSTBlockchainEthereumToken StandardGovernance, UnityToken typeERC-20Total Supply25.241.944 GHGCirculation supply18.241.980 GHG

Allotment

• Private round: 5.000.000 GHST tokens to be distributed
• Pre-Sale round: 500.000 GHST
• Token Bonding Curve (TBC):There is no maximum supply of GHST delivered through the bonding curve. As supply increases, the price of the next GHST purchased from Curve will increase, according to a mathematical function. Likewise, when GHST is sold back into the Curve, the supply of GHST will decrease and the price of subsequent GHST tokens will be lowered.
• Ecosystem Fund: 1.000.000 GHST
• Team Fund: 1.000.000 GHST

Release schedule

• Private round: Vesting 365 days. With the first issuance of tokens on the 180th day after the end of the pre-sale round. This was followed by a linear drip release over the next 185 days after that.
• Pre-sale round: Vesting time is same as private sale
• Token Bonding Curve (TBC): No lockup or vesting, can be requested immediately after purchase from Curve
• Ecosystem Fund:lock is the same as Private Round
• Team Fund: Same as Private Round. However, once the funds are fully unlocked, they will be distributed on a 3-year vesting schedule. The remaining amount will be locked into a new exchange contract for the next 2 years and will be released in a trickle to Aavegotchi’s core team.

GHST token Sale

With the total allocated to the rounds as above, the prices are in 2 rounds: private and pre-sale round as shown in the table below:

Private round price0.05 DAI/GHSTPre-sale round price0.1 DAI/GHST

What is GHST coin used for?

• Payment: GHST is used as the base currency to purchase various digital assets, such as Aavegotchi Portals, wearables, consumables, and collectibles.
• Staking: Players are required to stake GHST to mint REALM, the land plots of Aavegotchi Realm, as a sign of commitment to the ecosystem and protection against malicious practices.
• Governance: GHST will be rewarded to users who participate in the management of AavegotchiDAO.

On which exchange is GHST traded?

You can now register for a Binance trương mục and buy GHST on the Binance exchange:

Or you can buy on Uniswap. Read Uniswap user manual if you are new to using.

GHST . token storage wallet

This is an ERC-20 token so it’s pretty easy to find a suitable wallet such as: trustwallet, Ledger Nano X, MyEtherWallet, Dappradar.. Or you can store it directly on the exchange where you bought that token. Remember to enable full security.

Future of Aavegotchi (GHST)

Potential

Aavegotchi has a promising model in making it easier for everyone to get into yied farming. Waking up the DeFi space for anyone looking to get into profitable products will likely help drive adoption later on.

Overall, the project shows great potential in demonstrating the capacity of various blockchain innovations, such as NFT and collateral zoning, to deliver trusted financial products and services. trust.

Roadmap

On September 18, Aavegotchi released the post “Road to Mainnet“. In it, the project builders have outlined their main development plans until the first quarter of 1. The illustration is as below, or you can refer to the article above.

Should I invest in GHST?

Aavegotchi team

Daniel Mathieu, lead developer of Buillionix.io, and Jesse Johnson, Co-founder at Bullionix, lead the team of builders working on the Aavegotchi team. Their work focuses on the main goal of “enhancing the DeFi experience” through NFT.

Investor & Partnership

The team behind Aavegotchi is Aave, the leading lending and borrowing platform today. Then when it comes to investors and partners, they will also partly come from this project. Will update you guys more.

Please learn fully about the project before you want to invest

Summary

Aavegotchi aims to combine the booming DeFi movement with non fungible tokens (NFTs). DeFi and NFT are arguably the two fastest growing areas in crypto, certainly within the Ethereum ecosystem.

DeFi seems complicated to many newbies. As it makes it difficult for a newbie to get acquainted with the blockchain world, these are psychological barriers to adoption. Platforms that make DeFi easy for users can be useful additions to the crypto space at large. So Aavegotchi is not a bad proposition.

Please look forward to the next articles about coins and tokens of Blogtienao.

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