Aavegotchi GHST White Paper

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Hello and welcome to this blog post about Aavegotchi GHST White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the Aavegotchi GHST white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the Aavegotchi GHST.

I can ensue you that, you will be able to understand every bits and pieces related to Aavegotchi GHST after going through the Aavegotchi GHST white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Aavegotchi GHST White Paper

Aavegotchi GHST white paper will be going to provide you, all the information that is needed to get started with Aavegotchi GHST, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Aavegotchi GHST.

Introduction

Aavegotchi is a DeFi-enabled crypto collectibles game developed by Singapore-based Pixelcraft Studios that allows players to stake Non-fungible tokens (NFTs) avatars with interest-generating tokens and interact with the Aavegotchi metaverse. It is a unique combination of Decentralized Finance (DeFi) and NFTs.

Aavegotchis are pixelated ghosts living on the Ethereum blockchain, backed by the ERC-721 standard. Their value is determined by rarity level, which is calculated via multiple factors, such as base traits, amount of staked collateral/aTokens, and equipped wearables.

To level up their Aavegotchis, players can participate in a variety of activities including mini-games, governance, and meetups. Aavegotchis can also increase their rarity level by equipping in-game wearables and leveling up.

Rare Aavegotchis not only have higher secondary baazaar value, they also enable the Aavegotchi to perform better in rarity farming—a minigame that rewards the rarest Aavegotchis with GHST tokens.

Aavegotchi is governed by AavegotchiDAO that manages all funds generated through the GHST token distribution.

White Paper Link: Aavegotchi GHST White Paper

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