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  • Aavegotchi
  • Aavegotchi
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Aavegotchi Price (GHST)

₹ 262.6100000000 1.39 %

Low : ₹ 241.9700 High : ₹ 259.8400

Market Cap

₹12.65 B

0.0014 %

All Time High : ₹302.8400

All Time Low : ₹35.7700

Volume

₹1.5 B

Circulating Supply 51157200
Max Supply 52747803

Aavegotchi (GHST) Price Live Chart

Aavegotchi (GHST)

Aavegotchi (GHST) serves as the governance token for the Aavegotchi NFT Gaming protocol. GHST holders possess voting authority within the AavegotchiDAO, responsible for overseeing the protocol, flagship game Gotchiverse, and Aavegotchi NFTs. Aavegotchis are pixelated ghost NFTs adhering to the ERC-721 standard, featuring dynamic metadata influenced by user interactions. Their value and rarity hinge on collateral stakes, traits, and wearables. 


Collateral stake leverages ERC721 Aavegotchi NFTs as escrow for Aave-backed ERC20 collateral, generating yield through Aave's LendingPool. Traits involve random birth traits, kinship, and experience, while the term "Aavegotchi" nods to Aave's Finnish meaning of "ghost" and utilizes the token ticker "GHST" to creatively spell "ghost" without vowels.


Founders

Singapore-based Pixelcraft Studios is the creator of Aavegotchi. Jesse Johnson, the COO, previously held roles in various companies, including China Intop Exhibition Co and ZB Group. Coder Dan, the CEO, is also a co-founder. Aave's founder, Stani Kulechov, initially advised the project. Aave invested in Pixelcraft Studios in November 2020.

The mainnet launch was delayed from January 4, 2021, to March 2021 due to high Ethereum transaction fees. Aavegotchis' need for daily interaction led to a launch on Polygon. On March 20, 2023, Pixelcraft Studios announced a $30 million token sale using the DAICO fundraising model proposed by Ethereum's Vitalik Buterin, starting on September 14, 2020.


What makes it unique?

Aavegotchi has spearheaded significant advancements and features within the NFT Gaming Space. As a trailblazer, it was the initial major NFT protocol to launch on Polygon. Through its Rarity Farming approach, the protocol has allocated substantial rewards to devoted participants, granting GHST tokens across rarity, kinship, and XP categories.


The flagship game, Gotchiverse, has operated on the Polygon mainnet since March 2021, where Aavegotchi NFTs function as web3 avatars for exploration, battling, building, and socializing. The Gotchiverse's fair-launch play drop introduced Gotchus Alchemica tokens, signifying the four elements for crafting and upgrading NFTs on players' land parcels. Additionally, Gotchi lending innovates the scholarship model, enabling risk-free peer-to-peer NFT lending without intermediaries.


 Moreover, Aavegotchi broke ground as the initial NFT gaming protocol with its governance token accepted as collateral on Aave, further underlining its pioneering role in the space.


Network security

Utilizing the Polygon blockchain, the project relies on a proof-of-stake (PoS) consensus mechanism for security. Validators stake their MATIC tokens to participate in the network's PoS consensus, earning MATIC tokens as rewards.


The Aavegotchi smart contracts are openly accessible and reviewable, ensuring transparency and error detection. Multiple audits by trusted industry experts have been conducted on these contracts, and they have remained exploit-free since their launch.


Recent developments 

Pixelcraft Studios is pleased to announce Andy Tudor as the new Gotchiverse Game Director, adding extensive creative expertise from his roles at Electronic Arts, Codemasters, and PlayStation. With a broad gaming career spanning modeling, directing, design, and post-release support, Tudor's leadership aims to enhance the Gotchiverse experience. His commitment to blockchain-powered gaming aligns with Pixelcraft's innovative approach, as he seeks to elevate player engagement and create new immersive experiences. Co-founder & CEO Coder Dan expressed confidence in Tudor's impact on the studio's future success. Tudor's involvement in the Aavegotchi Discord community and forthcoming updates showcases his dedication to creating captivating experiences for players.


Future developments

Not available 

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Aavegotchi news

20 hours 43 minutes 5 seconds ago

What is Aavegotchi Coin?

Aavegotchi (GHST) is a cryptocurrency launched by DAICO. Marketed as the management token by the DAO team, GHST is a project released for DeFi-based collections and NFT projects.

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