Aavegotchi (ETH: $GHST) is a P2P NFT farming online RPG game built on the Ethereum blockchain. The game is based around the concept of breeding ghosts, with pixelated cartoon ghosts known as Gotchis serving as the NFTs that can be staked and built on the EEC721 standard.
A Deep Dive Into Aavegotchi
While the concept behind Aavegotchi is not new, it was the first to merge the concept of NFTs and DeFi. Since its launch in March 2022 by Pixelcraft Studios, it has been running smoothly on the Aave protocol.
With the game’s universe, the Aavegothchis are the digital pets, with each one being a digital collectible with unique traits, and a rarity score. These traits include brain size, eye color, energy, spookiness, and aggressiveness.
The GHST Token
GHST is the native token of the ecosystem, and serves as a utility token, meaning that it can be used to buy and sell assets. These assets include Gotchi avatars, consumables, wearables, and more. Additionally, GHST holders can vote within the DAO.
Players can earn GHST tokens via rarity farming, where the rarest Avegotchis receive GHST rewards that owners can claim. The GHST tokens can also be earned by voting in the DAO and taking part in mini-games.
Token Distribution
The GHST token distribution was split into three phases. In the first one, five million GHST were sent to a private sale in August 2020. The funds were then used by Pixelcraft Studios to develop the game. 500,000 GHST tokens went on sale to the public at 0.1 DAI per token in September 2020.
GHST tokens have a public bonding curve sales mechanism built into them, meaning there is no limit on the GHST supply. The bonding curve is designed to raise the price of GHST as the supply increases. Their current circulating supply is 51,157,239, with a total supply of 52,747,802 GHST.
Aavegotchi (GHST) Market Performance
As of March 31, 2025, the price of GHST is up 9.7% in the past 24 hours to $0.6184 per token. Over the past week, the price is up 35.6%, while over the past month, the price has risen 23.6%. GHST has a market cap of $31,498,442, with a 24-hour trading volume of $18,907,432 and a TVL of $616,059.
Social Media Following
The Aavegotchi project has earned a huge following since it went live in 2022, with 110.9K followers on X, 86K followers on Snapshot, 25,115 members on Discord, and 5,286 members on Telegram.
Should You Buy GHST In 2025?
Avegotchi (GHST) is a project that has proven its staying power in the crypto space. With a market cap of over $30 million and over 100K followers on X alone, this project could potentially be a game changer for your portfolio in the medium term.
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