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What currency is Aavegotchi(GHST)?
The native currency of the Aavegotchi ecosystem is GHST, enabling in-game transactions, token staking, governance participation, and NFT purchases within the pixelated NFT-based blockchain game.
Dec 01, 2024 at 03:33 am
What Currency is Aavegotchi (GHST)?
Introduction
Aavegotchi is a pixelated NFT-based blockchain game where players can collect, stake, breed, and battle digital pets called Aavegotchis. GHST is the native currency of the Aavegotchi ecosystem and serves as the primary medium of exchange for in-game transactions, token staking, and governance participation.
Key Properties of GHST
- Native Currency: GHST is the official currency of the Aavegotchi ecosystem, facilitating all in-game transactions and interactions.
- Staking Mechanism: GHST can be staked to earn rewards and participate in governance decisions within the Aavegotchi DAO.
- In-game Currency: GHST can be used to purchase various items within the game, such as Aavegotchis, accessories, and wearables.
- Marketplace Transactions: GHST is the primary currency used for buying and selling Aavegotchis and other in-game assets on the Aavegotchi marketplace.
- Bridging Capabilities: GHST can be bridged between the Ethereum and Polygon blockchains through the Polygon Bridge, enabling users to transfer their tokens across different networks.
How to Acquire GHST
- In-game Earnings: GHST can be earned by playing the game and completing various in-game challenges.
- Purchasing on Exchanges: GHST can be purchased on cryptocurrency exchanges such as Uniswap, SushiSwap, and Gate.io.
- Staking Rewards: GHST can be earned as a reward for staking your Aavegotchis or participating in GHST vaults.
Use Cases of GHST
- Core in-game Transactions: GHST is required to purchase Aavegotchis, accessories, and wearables, as well as to enter in-game tournaments and events.
- Token Staking: GHST can be staked in vaults to earn rewards in the form of additional GHST or non-fungible tokens (NFTs).
- Governance: GHST holders have voting power in the Aavegotchi DAO, allowing them to participate in decision-making related to the development and direction of the game.
- NFT Purchases: GHST can be used to purchase exclusive NFTs and collectibles within the Aavegotchi ecosystem, such as rare Aavegotchis or special wearables.
- Real-World Utility: GHST is exploring potential real-world use cases, such as enabling access to exclusive merchandise, experiences, and partnerships.
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