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DeFi

What is Aavegotchi (GHST) and should it be in your crypto portfolio?

CoinFlix Staff

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What is Aavegotchi (GHST) and should it be in your crypto portfolio?

Key takeaways

  • Aavegotchi (GHST) is a play-to-earn NFT game powered by DeFi, inspired by the 90s game Tamagotchi.
  • Players collect Aavegotchi NFTs, which are pixelated ghosts living on the blockchain.
  • Aavegotchis can be accessorized with wearable items that affect their appearance, rarity, and gameplay abilities.

What is Aavegotchi (GHST)?

Aavegotchi (GHST) is a crypto collectible game that combines DeFi (decentralized finance), blockchain gaming, and digital pet ownership. Pixelcraft Studios launched the project in 2020 and was co-founded by Jesse Johnson and Coder Dan.

The project aims to create a fun and engaging experience where you can play with your Aavegotchi (similar to 90s Tamagotchi, but on the blockchain with additional DeFi and NFT features), participate in mini-games, earn rewards and even participate in the governance of the Aavegotchi ecosystem through the GHST token.

How does Aavegotchi (GHST) work?

Aavegotchi (GHST) combines decentralized finance (DeFi) and NFTs to create a unique gaming experience. Here is an overview of how it works:

Aavegotchis: NFT collectibles

Aavegotchis are pixelated ghosts that live on the Ethereum blockchain. Each Aavegotchi is a unique NFT with various characteristics that determine its rarity. Rarity is also influenced by factors such as base specs, wearables equipped, and guarantees at stake.

DeFi Integration: Staking and Collateral

You can stake your Aavegotchi with aTokens (interest-bearing tokens of the Aave protocol). This increases the rarity of Aavegotchi and potentially earns interest on staked tokens. Aavegotchi also acts as a gamified escrow account for your staked tokens.

Play to Win Activities

Aavegotchi offers different ways to earn GHST:

Scarcity agriculture – Compete with other Aavegotchis based on their rarity and other factors to earn GHST rewards.

Mini games – Play mini-games in the Aavegotchi universe to potentially earn GHST.

The Gotchiverse – Explore and interact with your Aavegotchi in The Gotchiverse (metaverse plots), potentially gaining new resources or tokens.

Aavegotchi Token (GHST) and Tokenomics

Tokenomics

The GHST token is the native cryptocurrency of Aavegotchi. It is used for:

  • in-game currency
  • Staking
  • Governance
  • Liquidity provision

Token Details

Total supply 52,747,801 GHST

Supply in circulation 52,747,801 GHST

Current price $3.12

Market capitalization $164,710,916

This information is current as of April 30, 2024 and the price, market value and available supply of the token may fluctuate.

Distribution

The initial distribution of Aavegotchi’s GHST token took place in three stages:

  1. Private sale (August 2020) – This sale was aimed at accredited investors who have successfully completed KYC (Know Your Customer) procedures and have a minimum investment of 20,000 DAI. The funds raised here went to Pixelcraft Studios, the developers, to create the Aavegotchi game.
  1. Presale (September 2020) – This 14-day sale was open to anyone who met KYC requirements and had achieved “Agent Level 6” status. The supply was limited and the GHST price was 0.1 DAI. Presale tokens vest over a year, with half released after six months and the remainder over the next six months.
  1. Sale of public bond curves – Those who have completed the KYC process and received whitelist approval from the Aavegotchi team can purchase GHST tokens directly on the bond curve. The price opened at 0.2 DAI per GHST and fluctuated along the curve.

Where can I buy Aavegotchi (GHST)?

Binance Binance is a major exchange offering a wide range of cryptocurrencies. It offers multiple ways to purchase cryptocurrencies, including credit cards, debit cards, and peer-to-peer (P2P) exchanges.

Coinbase Coinbase is a United States-based cryptocurrency exchange that allows you to purchase cryptocurrencies using a variety of payment methods, including bank transfers, debit cards, and wire transfers.

Bitget- This exchange allows you to buy cryptocurrencies with fiat currency or exchange them for other crypto assets. It also offers various trading features and functionality.

Is Aavegotchi (GHST) a good investment?

Benefits

  • Play to win – Aavegotchi offers a way to earn cryptocurrency while playing a game. You can earn rewards through various methods, like staking your GHST tokens or taking care of your Aavegotchi pet.
  • DeFi Integration – Aavegotchi combines aspects of decentralized finance (DeFi) with the play-to-earn model. You can stake your Aavegotchi with interest-bearing tokens to increase its value.
  • Digital Collectibles – Aavegotchis are digital collectibles with varying features and wearables that affect their rarity and value. You can collect, breed and trade these Aavegotchis.

The inconvenients

  • Gas fees – Every time you buy something in the game, you have to pay a gas fee. These fees are paid in MATIC tokens and can be quite expensive, depending on network congestion.
  • Time Commitment – Aavegotchi can be a time-consuming game. There are a lot of things to watch out for, from feeding your Aavegotchi to taking care of its portable devices.
  • UI Bugs – The game is still in development and the user interface may occasionally have bugs.

Final Thoughts

Whether Aavegotchi (GHST) is a good investment depends on your risk tolerance and goals. Remember, this guide is a starting point for your research. Always do your due diligence before making any investment decision.

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We are the editorial team of CoinFlix, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on CoinFlix, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

CoinFlix Staff

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If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

CoinFlix Staff

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Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/ktsdesign



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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

CoinFlix Staff

Published

on

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/ktsdesign



Fuente

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

CoinFlix Staff

Published

on

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

Continue Reading

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