Aavegotchi-Alpha is a decentralized finance (DeFi) project that combines NFTs (non-fungible tokens) with yield farming and gaming elements. It is built on the Ethereum blockchain and aims to create digital collectible avatars called "Aavegotchis". These adorable pixelated creatures are based on the concept of Tamagotchi toys.
Aavegotchi-Alpha has its own native cryptocurrency called GHST, which serves as a utility token within the platform. GHST is used for governance, staking, and yield farming purposes. It is also the in-game currency that players can use to purchase wearables and items for their Aavegotchis.
The project leverages the lending and borrowing capabilities of the Aave DeFi protocol and creates unique Aavegotchi NFTs backed by Aave interest-bearing aTokens. These Aavegotchis have specific traits, characteristics, and wearables that affect their overall value and gameplay. Players can participate in mini-games, earn rewards, and stake their GHST tokens to earn yield.
The Aavegotchi-Alpha ecosystem is built on a concept called "Haunt." Haunt events are limited-time releases of Aavegotchis in batches. Each Haunt introduces a new collection of unique Aavegotchis that are available for purchase through smart contracts. These Haunts are designed to create scarcity and drive interest among players and collectors.
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