What Is Aavegotchi? (KEK) Complete Guide & Review About Aavegotchi

What Is Aavegotchi? (KEK)

Aavegotchis are rare crypto-collectibles living on the Ethereum blockchain, backed by the ERC721 standard used in popular blockchain games such as Cryptokitties, Axie Infinity, and Cryptovoxels. Rumor has it that are actually the ghosts of liquidated yield farmers determined to return and bring honor to their familia.

Aavegotchi Coin introduces many innovations into the blockchain gaming sphere, including DeFi token collateral stakes, dynamic rarity, rarity farming, DAO-governed game mechanics, and an open metaverse with smart contract interoperability and in-world town hall style voting. Just like the original Tamagotchi introduced the world to digital pets, Aavegotchi introduces the world to playable NFTs, backed by digital value.

Spirit Force

Between the Nether Realm and the world of humans lies a third space — the Ether Realm. Powerful wizards known as Summoners have built arcane magical Portals that allow humans to summon Aavegotchi Coin from the Nether to the Ether. However, to complete the process, They must be staked with a certain amount of Spirit Force, known in the human realm as Aave-backed ERC20 tokens, or “aTokens”.

Technically speaking, each Aavegotchi ERC721 NFT manages an escrow contract address that holds their aToken Spirit Force. aTokens generate yield via Aave’s LendingPool, which increases the quantity of aTokens held in the wallet. Thus, the Aavegotchi’s Spirit Force grows over time, as it is held by its owner.

The minimum Spirit Force of an Aavegotchi is initially defined by its Base Rarity Score — the unique combination of traits assigned to an when it is summoned. Although these traits may change over time, the minimum stake remains fixed through the lifetime of an. There is no upper limit for the collateral stake. 

Traits

Aavegotchi Coin possess multiple traits that influence their rarity, their performance in mini-games, and the wearables they can equip. Some are generated randomly upon summon, some depend on user interactions with the , and some are even defined by the community.

Randomly-Generated Traits

Upon summon, every Aavegotchi is assigned several random trait values using the Chainlink VRF random number generator. Trait values are distributed on a bell-curve, and each trait is assigned a value of Common, Uncommon, Rare, or Mythical, depending on its rarity. 

Experience

Aavegotchis receive experience (XP) for voting in and playing mini-games. They can also be sacrificed to remove their collateral stake and transfer it to another Aavegotchi. The recipient will receive a percentage of the sacrificed accrued XP. Exact percentage will be determined by the AavegotchiDAO. 

Level

Aavegotchi Coin “level up” as they gain more XP. Every few levels, Aavegotchis receive one Spirit Point that can be allocated towards increasing or decreasing a certain trait. Some wearables can only be worn by Aavegotchis of a certain level.

Haunt

Like pioneers to the New World, Aavegotchis travel from the Nether Realm to the Ether Realm in groups known as Haunts. The initial Haunt contains 10,000 Aavegotchis. Thereafter, new Haunts must be approved for travel by the AavegotchiDAO. Some wearables can only be worn by Aavegotchis belonging to a certain Haunt.

Aavegotchi Universe

The Aavegotchi Universe encompasses all the elements that allow Aavegotchis to operate, including Portals, the GHST utility token, AavegotchiDAO, and the Aavegotchi Realm. 

Portals

Portals are the gateway between the Nether and Ether realms. Anyone wishing to summon an Aavegotchi must first acquire a Portal via the official Aavegotchi Dapp, or an external marketplace. 

Each Portal contains 10 variants of Aavegotchis with randomly-generated traits.  Of the ten variants inside a portal, only one Aavegotchi can be summoned per Portal.

To claim an Aavegotchi, the user must stake the required amount of Spirit Force to the Portal. If the owner removes this initial stake, the Portal collapses and the Aavegotchi is lost forever (burned).

Initially, Portals will contain a random assortment of supported collaterals, but as more collaterals get added, new Portals staked with specific collaterals will be added. These “collateral-specific” Portals may require more GHST to purchase than random Portals.

GHST token

The native digital cryptographically-secured utility token of the Aavegotchi ecosystem (GHST) is a transferable representation of attributed functions specified in the protocol/code of the Aavegotchi ecosystem, which is intended to be used solely as the primary utility token within the ecosystem.

GHST is a non-refundable functional utility token which will be used as the medium of exchange between participants in the Aavegotchi ecosystem. The goal of introducing GHST is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Aavegotchi ecosystem, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer.