Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Aavegotchi, and is trustworthy!
You can find our top 3 exchanges for buying Aavegotchi here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Aavegotchi
And of course, the final step is to find Aavegotchi on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Aavegotchi (GHST)
|Exchange||Rating||Available Cryptocurrencies||Fees||Visit Site|
How to Sell Aavegotchi
- Sign into the exchange
- Find where you stored your Aavegotchi, either on a hardware wallet or on the exchange.
- Transfer your Aavegotchi to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Aavegotchi.
Considerations when looking to buy Aavegotchi.
Aavegotchi is a group of crypto-collectibles that live on Ethereum. Because they were among the first ERC-721-based NFT game, Aavegotchis are older than most modern play-to-earn. Innovative concepts such as dynamic rarity, rarity farms, DeFi mechanics such as staking and DAO-governed game mechanics are now common to many blockchain games. Aavegotchis were named after Tamagotchi digital pets. They are, in a tongue to cheek description, "the ghosts liquidated yield farmers determined return and bring honor their familia."
Three attributes determine the Aavegotchi's overall value and rarity in the Aavegotchi universe. They are spirit force, traits and wearables. The NFT's value rises with increasing spirit force. It is staked collateral on Aavegotchi. Aavegotchis can also have a different rarity score. This can vary depending on Aavegotchi level and wearables. A rare Aavegotchi may become less common depending on the distribution of traits and wearables within the Aavegotchi universe. This is how Aavegotchi introduced rarity farming.
Aavegotchi is a DeFi-focused, non-fungible token (NFT), that runs on Aave protocol. Aavegotchis can be used to create DeFi collateral and earn staking rewards.
The tokens, like CryptoKitties have distinguishing qualities like body color or personality. The tokens can be liquidated at any time by their owner because they are staked assets. You will lose your Gotchi if you liquidate the NFTs.
Since they are following Aave (which translates to "ghost") in Finnish, the characters appear as if they have pixelated ghosts. The token ticker cleverly spells "ghost" without the vowel.
Aave made a November 2020 investment in Pixelcraft Studios. This company will bring raffles to the protocol. Although the project's mainnet launch was originally scheduled for January 4, 2021, it was delayed due to high transaction fees on Ethereum blockchain. It runs as a sidechain.
Aavegotchi was first NFT game that introduced the concept of rarity-farming. This gameplay design encourages active participation by allowing users to earn GHST tokens for training NFTs to higher rarity levels.
Base rarity scores are assigned to each NFT. These scores are based on the overall rarity and wearability of its traits. Aavegotchis rank according to the absolute rarity score of each trait. The Absolute Rarity Score might decrease if players train their NFTs to get maximum energy. Simply put, the Absolute Rarity score is a percentile function.
The total absolute rarity score for an Aavegotchi equals:
- Base Rarity Scores of all traits
- Base rarity scores for all outfitted wearables
- Absolute rarity score for all traits
Players have an incentive to improve their NFT's rarity scores as the rarest Aavegotchis are eligible for the highest GHST rewards. Players are also faced with strategic decisions regarding training and equipping their NFTs, due to the constant fluctuation in NFT rarity.
Aavegotchi was also the first game to use a metaverse within its game. Aavegotchis have the opportunity to interact with their peers in the Aavegotchi Realm. This 2D-pixelated metaverse allows them to play mini-games and take part in the governance of the AavegotchiDAO. Holders of GHST tokens can unlock parcel tokens in this metaverse to build their own smart contracts.
The mini-games found in the Aavegotchi Metaverse are also a popular feature in NFT games. Mini-games can be balanced so that no Aavegotchi has an advantage over others. Different rarities are useful in different games.
Aavegotchi was the first game to use a DAO-governed token distribution. This transferred funds from the token bonding contract to the gaming studio that was working on the game's creation. The AavegotchiDAO has been through two more iterations. It is now at its OASIS stage, where the governing DAO votes for all decisions.
The Aavegotchi game was initially written in Solidity, and then built on Ethereum. However, it is interoperable, which allows for layer-two deployments of smart contracts. As it builds out its metaverse, the project clearly stresses the importance of scaling its DAO.