Aavegotchi (GHST) Review
Aavegotchis are NFT collectibles, similar to Axie Infinity’s collectibles, that inhabit the Ethereum blockchain and are defined by the ERC721 standard, which is popular in other games such as CryptoKitties. Back by digital value, with dynamic rarity, rarity farming, DAO-governed game rules, and an open metaverse, Aavegotchi exposes the world to playable NFTs.
What Exactly Are Aavegotchis?
Aavegotchis are Non-Fungible Tokens that are staked using ERC20-enabled Ethereum tokens and powered by Aave. Spirit force, traits, and wearables are the three primary characteristics that define a creature’s total worth and rarity in the Aavegotchi world.
What Is GHST Crypto Token?
Aavegotchi’s utility token, GHST, is a cryptographically protected utility token in the ecosystem. It was created to offer a simple and secure way for individuals who participate in the ecosystem to transact. The GHSG does not have any ownership or control over the business, distributors, or any other organization or enterprise.
GHST is the currency of choice for transacting in the basic ecosystems. Players must also stake GHST to mint REALM, the land parcels of the Aavegotchi Realm, to demonstrate their dedication to the environment and to provide a safety measure.
The value of a GHST token is fungible and exchangeable, which makes it easily transferable to other users. It can also be exchanged for a variety of supported ETH and ERC20 tokens, such as DAI, LEND (AAVE), and others.
Aavegotchi offers economic incentives which will be consumed by participants to promote their involvement in the ecosystem. In order to get and train Avegotchis, players must spend money on game currency known as GHST. AavegetchiDAO receives a part of that value and transfers it straight back to the development efforts. Any extra money left over will be given in the form of in-game tokens to reward smart governance, as well as to reward people for using rare items. GHST plays a significant role in maintaining the existence of incentive structures for users to spend resources on activities and services.
What Is The Intrinsic Value Of Aavegotchis?
The intrinsic worth of an Aavegotchi derives from both its rarity score and its estimated value.
The value of Aavegotchi’s Spirit Force is denoted in Aavecims (staked collateral). The inherent value of the Aavegotchi would be 10 aDAI, plus any additional aDAI contributed by the Lending Pool.
NFT Rarity Scores
In order to measure how uncommon each Aavegotchi’s characteristics and wearables are, the Aavegotchi system uses the system’s universe to calculate the Aavegotchi’s rarity score.
In Aavegotchi, rarity is not constant; it may fluctuate over time as the game progresses and your Aavegotchi levels up and equips new outfits. In other words, a rare Aavegotchi is likely to be less common, whereas an uncommon Aavegotchi is more likely to be rare. “Rarity farming” is made possible with this new design.
How Rarity Farming Works
Rarity farming was developed in Aavegotchi as a new gaming mechanic to promote and recompense deliberate gambling and active player involvement. In the GHST tokens, players get a prize for training the uncommon Aavegotchis.
Each Aavegotchi has a base rareness score (BRS) determined by the general rareness of its characteristics and wearables.
The base rareness score is obtained as follows:
- BRS = traitValue >= 50? traitValue: 100-traitValue
Aavegotchis also have an overall absolute rarity value determined by the specific rarity of their features in the Aavegotchi ecosystem as a whole.
The Absolute Rarity Score is computed in terms of 100 percentiles for each of the Aavegotchi features. If only 5% of all Aavegotchi are of a particular feature, this feature will get 95 bonuses for its ARS.
By integrating Aave with ATokens, NFTs establish unique and interest-bearing accounts for money provided to the Aave protocol on the Aavegotchi platform. Future decreases, low transaction charges, and a growing NFT store show that GHST demand is strong, and this will probably increase as the platform grows.
Further Aavegotchi Information
- Price $1.55
- Market Cap