aavegotchi logo download PNG or SVG

Information about aavegotchi

Aavegotchi is a unique and innovative cryptocurrency project that combines decentralized finance (DeFi) with non-fungible tokens (NFTs) on the Ethereum blockchain. Aavegotchi aims to create digital collectible ghost avatars, which are called Aavegotchis, that can be used for various purposes within the Aave lending and borrowing platform.

These Aavegotchis can be acquired through in-app purchases or by participating in an auction. Each Aavegotchi is represented as an ERC-721 NFT, making it a unique and rare collectible. The visual appearance of each Aavegotchi is generated using a mechanism called "spirit force," which includes various traits and wearables that affect its overall rarity and value.

Aavegotchis can be staked, yielding players GHST tokens as rewards. GHST is the native governance token of the Aavegotchi ecosystem, and it can be used for participating in governance decisions, purchasing in-game items, and even acquiring new Aavegotchis. Moreover, the staked Aavegotchis can also be used as collateral to borrow assets through the Aave protocol, thus enabling players to engage simultaneously in both DeFi and the NFT space.

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