Aavegotchi
GHST Price
Aavegotchi (GHST) is a NFT gaming protocol that offers true ownership of NFT game assets. More
| Fully Diluted Valuation | $18.75M |
|---|---|
| 24H Trading Volume | $2.47M |
| 24H Low / High | $0.35 / $ 0.36 |
| Circulating Supply | 51.16 M |
| Total Supply | 52.75 M |
| Max Supply | 52.75 M |
| Categories | Layer 3 (L3) 15 more |
|---|---|
| Founder | Jesse Johnson 1 more |
| Website | aavegotchi.com |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Arkhamintelligence 6 more |
| Contracts |
0x3f3....91550
3 more
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| Name | Pair | OG Score |
|---|
Aavegotchi: Unveiling the Ghostly Charm of DeFi-Enabled Crypto Collectibles
In the ever-evolving landscape of blockchain-based innovations, Aavegotchi emerges as a pioneer, seamlessly blending the realms of Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs). Developed by Singapore-based Pixelcraft Studios, Aavegotchi introduces a unique gaming experience where players stake NFT avatars, known as Aavegotchis, in a metaverse powered by the Aave protocol.
Genesis of Aavegotchi: Where Ghosts Meet Blockchain
Aavegotchi, born out of a decentralized autonomous initial coin offering (DAICO), sets itself apart by allowing users to collect, compete, and combine their Aavegotchis for a gamified DeFi adventure. The governance token, GHST, takes center stage, endowing holders with voting power in the AavegotchiDAO. This decentralized authority oversees the Aavegotchi NFT Gaming protocol, the flagship game Gotchiverse, and the dynamic Aavegotchi NFTs.
The Ghostly Ecosystem: A Symphony of Collateral and Traits
Aavegotchis, pixelated ghosts residing on the Ethereum blockchain, derive their value and rarity from a captivating interplay of factors. Collateral stake, managed through an innovative ERC-721 Aavegotchi NFT, resides in an escrow contract holding Aave-backed ERC20 collateral or "aToken." Traits, randomly assigned at birth, along with kinship and experience, contribute to the Aavegotchi's uniqueness.
Pixelcraft Studios and Aave Collaboration
Pixelcraft Studios, led by co-founders Jesse Johnson and Coder Dan, birthed the Aavegotchi concept in collaboration with Aave's founder, Stani Kulechov, who served as the project's first advisor. Aave's investment in Pixelcraft Studios in November 2020 paved the way for the project's success. Despite initial blockchain challenges, Aavegotchi launched its mainnet on Polygon in March 2021, a move driven by the community's need for daily interaction and lower transaction fees.
Aavegotchi's Unique Offerings in the NFT Gaming Space
Aavegotchi stands out as the first major NFT protocol to go live on Polygon, a testament to its commitment to innovation. The Rarity Farming mechanism distributes millions in rewards, fostering engagement in categories such as rarity, kinship, and XP. The Gotchiverse, Aavegotchi's flagship game, offers players an immersive experience using their NFT avatars for exploration, building, battling, earning, and socializing.
GHST: The Heartbeat of the Aavegotchi Universe
The GHST token, residing on the Polygon sidechain, fuels the Aavegotchi ecosystem. Acting as in-game currency, GHST facilitates the purchase of portals to summon Aavegotchis, acquire in-game items, and for staking and rewarding players. Bridging solutions enable seamless transfer between the Ethereum blockchain, where Aavegotchis are secured, and Polygon, where GHST operates with lower fees and enhanced scalability.
AavegotchiDAO: A Community-Driven Governance Model
The AavegotchiDAO, a key pillar of the ecosystem, ensures community participation in decision-making. GHST token holders actively contribute to overseeing the protocol, the Gotchiverse game, and the broader Aavegotchi NFT space.
Looking to the Future
Aavegotchi continues to push the boundaries, introducing innovations like Gotchi lending, cross-chain governance proposals on Aave, and the first-ever cross-chain governance token available as collateral. The project's success is underscored by its $30 million token sale using Ethereum founder Vitalik Buterin's proposed decentralized fundraising model, DAICO.
As Aavegotchi's spectral journey unfolds, it exemplifies the seamless fusion of DeFi, NFTs, and gaming—a testament to the creative prowess of Pixelcraft Studios and the community that breathes life into this ghostly metaverse.
Aavegotchi stands out as a pioneering project that seamlessly blends Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), offering a gamified experience where players stake unique NFT avatars in a metaverse powered by the Aave protocol. Notably, Aavegotchi introduced innovative features like Rarity Farming and Gotchi lending, setting it apart in the NFT gaming space.
Aavegotchi was conceptualized and brought to life by Pixelcraft Studios, a Singapore-based entity led by co-founders Jesse Johnson and Coder Dan. Their collaboration with Aave's founder, Stani Kulechov, played a crucial role in the project's inception and success.
In November 2020, Aave, a prominent player in the decentralized finance (DeFi) space, invested in Pixelcraft Studios, solidifying support for Aavegotchi. The project later raised $30 million through a decentralized fundraising model, DAICO, proposed by Ethereum's founder Vitalik Buterin.
You can buy Aavegotchi (GHST) on Binance, Bitget, OKX, Coinbase, Kraken cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Aavegotchi (GHST) is ($51,157,239), max supply of Aavegotchi GHST is ($52,747,802) and the market cap of Aavegotchi GHST is ($18,188,385).
What is the Aavegotchi (GHST) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Aavegotchi (GHST) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Aavegotchi (GHST) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Aavegotchi GHST) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Aavegotchi (GHST) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Aavegotchi (GHST) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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