NFT

Aavegotchi: DeFi-staked Crypto Collectibles

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If you have been in the crypto world for a long time, you have surely already heard about the latest innovation in gaming, crypto collectables and NFTs: Aavegotchi. The project has been developed and launched thanks to a major investment by Aave (a DeFi project among the top 5 in the world) and has finally arrived, achieving huge success, as explained in the Medium article (where all the statistics of the launch can be found, with 25,000 visits to the official website aavegotchi.com!). But let’s get a better understanding of what it is and why it is worth buying and holding the token behind the project: $GHST!

What is the AAVEGOTCHI game?

In a recent tweet thread, the company explained all the features of the game and today we will give a recap for those who would like to know more about aavegotchi. Let’s get started!

Portals – Portals, available in 10,000 units in Haunt 1, are magical NFTs that allow your friendly aavegotchis to move from the Nether to the Ether Realm. Of course, after Haunt 1 there will be many more in the future. 

Names – As you might guess, this special feature will help you give your character a unique name. Once you have chosen a name, it cannot be used by other players but you will still be able to change it in the future if you wish. Obviously, given the high interest in a game produced by a successful project like AAVE, the best names connected to the crypto world are already taken.

Traits – Every character has traits that can improve or worsen. There are for example Energy, Brain Size, Aggression, Spookiness, Eye Shape and Eye Color. By gaining XP these traits can improve and help you increase your Rarity Score, which is shortened in BRS. 

Rarity Farming – The Rarity Score is one of the key points of the entire game as it is your aavegotchi’s rarity score compared to all other players. The first season of Rarity Farming will offer over 500,000 GHST tokens and will start soon. 

Wearables – These special items, which remain attached to your aavegotchi even when you trade them with other people, are able to improve your aavegotchi’s traits. Aavegotchi characters come with 7 slots for wearables at this early stage of the game.

Memories – Obviously a feature that cannot be missed in a game created on the blockchain. This particular feature is used to save all phases of the game, such as votes, wins and so on. The badges obtained by your aavegotchi are not transferable and remain connected to the character forever. All this thanks to the ERC998 technology available on the Ethereum blockchain.

Love – What would life be without love? Your aavegotchi will be closely connected to you and will love you to a greater or lesser extent, depending on how you treat it.

In short, a game that lacks nothing and uses Blockchain, NFTs and all the coolest technologies of the moment. Let’s have a look at GHST now, the token at the heart of the project!

The GHST token by Aavegotchi

The project is run like a DAO, so every token holder is entitled to make proposals and vote on proposals already submitted. The more tokens you have, the greater your voting power. The max supply of the GHST token is 49,566,799 tokens. The current price is about $1.4, so the fully diluted market cap is about $70 million. The lowest price ever seen on CoinGecko was $0.48 cents, while the highest price was reached on March 2nd, reaching $1.79. Obviously, there is a lot of hype behind the project, as the token is already tradable on the world’s best exchange: Binance

Many NFT projects are reaching huge valuations in recent days, touching 300-500 million dollars. GHST could be next: it has what it takes to continue to do well and go up in value!

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