Aavegotchi (GHST) is a decentralized, eco-governance token that powers the Aavegotchi ecosystem. It is a fully compliant ERC20 token that grants voting power in the AavegotchiDAO and serves as the main currency for trading NFTs in the Aavegotchi marketplace. GHST is used to buy and upgrade NFTs, participate in rarity farming, and earn rewards through various mechanisms within the ecosystem.
Aavegotchi (GHST) is the primary utility token of the Aavegotchi ecosystem, which is a blockchain-based game and DeFi protocol. Here are the main ways GHST is used:
- Buying and Selling Goods: GHST is used to purchase and sell items within the Aavegotchi world, including Aavegotchis themselves, wearables, and REALM parcels.
- Staking and Earning Interest: Users can stake GHST to earn daily GLTR rewards and interest on their collateral.
- Governance: Holding GHST grants voting power in AavegotchiDAO, allowing users to participate in the governance of the ecosystem.
- Rarity Farming: GHST is awarded to users based on the rarity and engagement levels of their Aavegotchis, which can be claimed and sold on DEXes.
- Yield Farming: Players can participate in yield farming by providing liquidity to certain pools and earning additional GLTR tokens as rewards.
- Gaming and Mini-Games: GHST can be earned by participating in arcade-style mini-games within the platform, achieving high scores or completing challenges.
These uses highlight the diverse applications of GHST within the Aavegotchi ecosystem, making it a versatile and valuable token for users.
To store Aavegotchi (GHST) tokens, you can use a wallet that supports ERC20 tokens. Here are some options:
Metamask: This is the recommended wallet by the Aavegotchi community. It supports both Ethereum and Polygon, which are the primary networks for Aavegotchi. You can use the Metamask app on Android devices with the in-built browser for a seamless experience.
Arkane Wallet: This wallet is also compatible with Aavegotchi and supports ERC1155 tokens, which are used for wearables and other assets in the ecosystem.
Ledger or Trezor: If you have a Ledger or Trezor hardware wallet, you can use it to store your GHST tokens. However, for now, only the Trezor One is compatible with Polygon, which is necessary for Aavegotchi.
- Other Wallets: Ensure that your chosen wallet supports both Ethereum and Polygon, as GHST tokens are available on both networks. Always verify the token addresses to ensure you are using the correct ones.
Remember to follow the official guides and tutorials for each wallet to ensure proper setup and security for your GHST tokens.
To buy Aavegotchi (GHST) tokens, follow these steps:
Choose a Platform: Select a reliable and trustworthy exchange that supports Aavegotchi (GHST) purchases. Popular options include Pionex, KuCoin, Coinbase, and Kraken.
Create an Account: Register on the chosen platform's website or download their mobile app. Complete the sign-up process, which typically includes providing personal information and setting a secure password.
Verify Your Identity: Complete the Know-Your-Customer (KYC) verification process, which may require providing identification documents and proof of address. This step ensures the security and legitimacy of your account.
Add a Payment Method: Connect a payment method such as a credit/debit card, bank account, or other supported options. The specific methods available may vary depending on your location and the exchange's policies.
Buy Aavegotchi (GHST): Search for Aavegotchi on the platform and select it. Enter the amount you want to spend in your local currency, and the platform will automatically convert it to GHST. Review the details and confirm your purchase.
Finalize the Purchase: Once the order processes, you will be taken to a confirmation screen. Your GHST tokens will be added to your account, and you can then use them within the Aavegotchi ecosystem or trade them on the exchange.
Remember to research and understand the fees associated with each platform and payment method before making your purchase.