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Aavegotchi and GHST Token Explained
Aavegotchi is a crypto collection game developed on Ethereum, in which members can acquire and grow Aavegotchis, avatars used to explore and interact with the numerical world of Aavegotchi.
Any Aavegotchi user is a numerical collectible that has unique properties characterized by a rarity score.
This coefficient is calculated based on the specific devil of temperament, the carried items attached to the avatar, the sign of an unbreakable bond that is based on this, as well as often the participant interacts together with the avatar, and the number of Aave atokens attached to the avatar.
The platform is based on the nostalgia of the portable fun of the numerical Tamagotchi, enriching its traditional gameplay with blockchain-based functionality.
Aavegotchi ties the many common nuances of cryptocurrencies into a common platform: dispersed capital (DeFi), blockchain gaming, steaking, and numerical land use.
The name Aave is made from a Turmalayan phrase meaning “ghost” and Aavegotchis are represented in the cartoon ghost variant, from this place and the name of the proper token: GHST.
GHST is considered the main proper token of the Aavegotchis ecosystem and is used to purchase and sell products in the Aavegotchis community, including the Aavegotchis themselves.
GHST can also be used to extract additional retribution and expressed among users, as well as other cryptocurrencies.
How Does Aavegotchi Work?
Aavegotchi functions as a Tamagotchi-like game, but uses blockchain and is based on the Aave protocol. Investors have a chance to purchase Gotschi as NFTs from GHST tokens and “improve” their avatars by playing mini-games, decorating them, and taking care of them.
The more time and money a participant spends in their own Gotchas, the more significant they will become as NFTs. Investors also have a chance to earn (GHST income in connection with their work.
There are constantly conducted so-called seasons of cultivation of rarities, in the process of which users acquire rewards in connection with the skill, rarity, features, and dedication of their Gotchas.
Users gain rewards in any round of rarities based on colorless ranks. Goths also have value as in-game NFT collectibles. Resources in the reward are credited from single trades in ties, if users purchase clothing and various devices for their own avatars gotcha.
Aavegotchi is located in Aave, and the Aave Act is available as a secondary chain in the Ethereum bond, for this reason, users should form a MetaMask wallet and have an ETH address.
To execute in Aavegotchi, you first need to have cryptocurrencies in your own ETH wallet.
You will need to purchase Ethereum (ETH) or Polygon (MATIC) and define a bridge between the two blockchains to perform cross-chain operations.
You will also need GHST to purchase Gotchis and connect to the Aavegotchi bond.
What makes Aavegotchi unique?
Aavegotchi is not just a gaming platform where users can buy and create in-game collectibles.
The use of Gotchis goes beyond NFT and in-game collectibles, as Gotchis can also be used as collateral.
To begin interacting with Gotchis, users must first deposit other supported cryptocurrencies, which gives Gotchis value beyond player activity.
By posting collateral, players can also earn interest, which is visible in real time.
Apart from earning interest, users can also earn GHST rewards. The network earns revenue from the sale of collectibles and wearables as well as mini-game fees.
What gives value to Aavegotchi?
The value of Aavegotchi comes from its technical capabilities, technology, and utility.
The usage scenarios, the relevance of the DeFi sector, and the technology behind the project are the elements that determine the intrinsic value of Aavegotchi as a project.
Aavegotchi has value both as a blockchain-based game similar to CryptoKitties and as a DeFi protocol where users can earn interest on invested cryptocurrencies.
The intrinsic value of Aavegotchi often does not match the market value of GHST.
GHST is subject to frequent changes, which are mainly due to volatility in the cryptocurrency market, as well as specific factors that can affect the price of GHST.
How many Aavegotchi (GHST) coins are in circulation?
There are currently 51,157,239 GHST in circulation out of a total of 52,747,802.714256 GHST .
The supply of the token is unlimited as an unlimited amount of GHST can be purchased from the Token Bond Curve.
As more GHSTs are purchased from TBC, the supply increases, as does the value of subsequent GHSTs purchased from TBC.
Similarly, GHST can be sold back to TBC at any time, which both decreases the supply and decreases the value of subsequent tokens purchased from TBC.
The number of GHST coins in circulation multiplied by the current price of GHST in the market equals Aavegotchi’s market capitalization.
Market capitalization values a cryptocurrency and determines its market share and dominance.
Where can I buy Aavegotchi?
GHST coins are traded on centralized cryptocurrency exchanges. The most popular exchange for buying and trading Aavegotchi is Binance, with the most active pair on it – GHST/USDT – having a trading volume of $1,545,664 in the last 24 hours.
Other popular exchanges with these tokens are TokoCrypto and BingX.
What is Aavegotchi (GHST)’s daily trading volume?
Aavegotchi (GHST)’s trading volume in the last 24 hours is $3,977,648. This figure is down -5.50% from a day ago, indicating a recent drop in market activity.
What is Aavegotchi (GHST)’s all-time high price?
Aavegotchi (GHST)’s highest price of $3.08 was recorded on Nov 25, 2021 (over 2 years). The current price is 66.48% lower.
What is Aavegotchi (GHST)’s all-time low price?
Aavegotchi (GHST)’s minimum price of $0.4869 was recorded on Dec 01, 2020 (about 3 years). The current price is 112.25% higher.
What is Aavegotchi (GHST)’s market capitalization?
Aavegotchi (GHST) has a market capitalization of $52,811,460. The token is ranked 643rd in CoinGecko’s ranking by this indicator. Market capitalization is calculated by multiplying the price of GHST tokens by their number in circulation (tokens on the market now: 51.16 million).
What is the fully diluted value of Aavegotchi (GHST)?
The fully diluted value (FDV) of Aavegotchi (GHST) is equal to $54,453,456. This is a statistical representation of the maximum market capitalization given that the maximum number of GHST tokens in circulation today is 52.75 million. It could take many years to reach FDV – it depends on the GHST token issuance schedule.
How is the price of Aavegotchi behaving compared to other similar tokens?
The price of Aavegotchi (GHST) has increased by 3.40% over the past 7 days. This is worse than the performance of the global cryptocurrency market, which rose by 7.50%. At the same time, it is better than the performance of other cryptocurrencies in the Polygon Ecosystem category, which is up 0.00%.
How do I add Aavegotchi (GHST) to MetaMask?
Adding Aavegotchi (GHST) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you need to import a GHST as a token.
You can copy the GHST contract address (0x3f382dbd960e3a9bbceae22651e88158d2791550) and import it manually, or if you’ve installed the MetaMask extension for the Chrome browser, you can add GHST to MetaMask with a single click on CoinGecko.