What is Aavegotchi (GHST) Token? Everything About the Project

What is aavegotchi ghst token?

In a world where DeFi and NFTs are becoming more popular every day, there is a project that brings these two concepts together and creates different video games : Aavegotchi . Does anyone remember the traditional world’s Tamagotchi , or also known as the virtual baby game? This project can be thought of as bringing the virtual baby game to the blockchain. Let’s take a closer look at the details of this project, which offers users many games based on pixel graphics by taking advantage of the power of blockchain technology. “What is GHST coin?” You can find many details about the cryptocurrency directly associated with this project by addressing the question.

What is Aavegotchi (GHST)?

What is aavegotchi?

Aavegotchi is a project that produces video games where DeFi and NFT can be used together. This project, which includes many games, is built on Ethereum . Although the games differ from each other, all games progress through different characters called Aavegotchi, which are ghost figures . Those who want to get more information about DeFi can check out our content titled What is DeFi? Those who want to get more information about NFTs can check out our article titled What is NFT?

These characters, called Aavegotchi, can be described as DeFi-supported NFT collections . Those who play the games created by this project can not only have a pleasant time, but also turn their time into cash with the NFTs obtained. There are 3 factors that determine the value of these characters named Aavegotchi and they are; soul power , wearable items and rarity level. Each factor can affect another factor. As interaction with these characters increases and the time spent in the game increases, these characters also develop.

These characters, called Aavegotchi, can evolve with wearable items . A sword worn by the character can increase his aggression. To give another example, a t-shirt a character wears can increase his or her energy. There are also consumables . Characters using consumables can increase their strength. To increase the level of Aavegotchi, mini games can be played and various activities such as management and meetings can be attended.

Thanks to the Aavegotchi project, which has successfully integrated the DeFi and NFT system into a game, players can both experience blockchain technology and benefit from the advantages of this technology.

What is GHST Token?

What is ghst token?

First of all, it is useful to know that Aavegotchi is not a coin. Since it is not created on its own blockchain network, it is referred to as GHST token rather than GHTS coin. GHST Token is the native cryptocurrency of the Aavegotchi ecosystem and powers the functioning of this ecosystem.

It is built as an ERC-20 token on Ethereum. Although the Aavegotchi token maximum supply is unknown, the total supply of this asset is 52,747,803. Of course, considering that incineration processes will continue, this figure may change in the future.

How to Use GHST Coin?

There are many uses for GHST in the Aavegotchi ecosystem. These can be listed as follows:

  • It can be used in governance processes. In AavegotchiDAO, you are entitled to 1 vote per 1 token.
  • It is the main account currency for NFT trading on the Aavegotchi market.
  • It can be staked to benefit from the reward mechanism and secure the network.
  • It is used for purposes such as developing the Aavegotchi character in the game, interacting with it, equipping it with wearable items, or purchasing parcels in the game.

What are the Features of Aavegotchi (GHST)?

What are the features of aavegotchi?

Aavegotchi (GHST) features are actually unique to itself, just like every project. Of course, Aavegothi is not the only project using DeFi and NFTs, but it has certain differences with its unique working mechanism. Considering this, the features of this project can be listed as follows:

Features of the characters

Random Attributes: Determined randomly when the character is created.

Affinity: Characters’ affinity level increases or decreases depending on their interaction with the owner.

Experience (XP): It is a score obtained by participating in management and winning through mini games. Leveling up is possible with earned experience points.

Wearable Clothing

Increases characters’ characteristics and rarity score. Thus, better performance can be achieved in each initiative involved. In addition, thanks to wearable clothes, characters can turn into fashion icons in themselves.

Aavegotchi Ecosystem

Portals: These are the doors through which figures called Aavegotchi are summoned.

GHST Token: It is a cryptocurrency used for transactions in the ecosystem.

AavegotchiDAO: It is the management mechanism of the community.

Aavegotchi Realm: An open metaverse universe where Aavegotchi, ghostly characters, interact and play.

These Aavegotchi (GHTS) features help it differentiate from other DeFi and NFT projects and create unique and dynamic value.

Who is the Founder of Aavegotchi (GHST)?

Aavegotchi was brought to life by Pixelcraft Studios in 2020. This Singapore-based gaming development company sits at the intersection of NFTs and DeFi. Blockchain, along with the activities it enables, supports innovation and user participation in the gaming world.

The name story of the Aavegotchi project is also interesting. In fact, the word Aave means ghost in Finnish. The word Gotchi comes from Tamagotchi, which was popular in the 1990s and is known as a virtual doll. The combination of these two words gave the project its name. In fact, when we consider the name of the local cryptocurrency of this project, we see that it consists of GHST, which is an abbreviation of the English word “GHOST” (ghost).

Where to Buy Aavegotchi-GHST Coin?

GHST, as the main cryptocurrency of the Aavegotchi ecosystem, is one of the digital assets gaining attention among investors and crypto enthusiasts. If you are looking for a reliable and user-friendly exchange to buy GHST, ICRYPEX cryptocurrency exchange will be an ideal choice for you. Thanks to ICRYPEX, you can immediately find out how much GHST token is traded at, and you can buy GHST safely and quickly by taking advantage of the advantages offered by ICRYPEX.

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