Aavegotchi, launched by the Aave team, is attracting attention by combining the unique features of decentralized finance (DeFi) with the NFT space. It was quickly listed by Binance and stands out with its many features. But what is GHST Coin and how does it differ from others?
GHST Coin, released by the DeFi team Aave, currently ranks 535th in terms of total market value. Aavegotchi Coin operates directly through the Aave protocol. Within the game, there are Aavegotchis, game avatars that can be used as collateral in DeFi and offer staking rewards.
Similar to the Crypto Kitties project, Aavegotchi distinguishes itself from this field with the explosion of the NFT sector. Created by Coder Dan and Jesse Johnson, the Aavegotchi project stands out by offering assets that can be used within the game and recommended as collateral in DeFi. DeFi users must choose crypto assets called aTokens such as aLINK or aUSDC to interact with the Gotchi protocol. Users can earn GHST by playing the game and engaging further.
The founder of the game emphasizes that users who stake more can earn much more valuable “endgame items”.
Although GHST Coin can be purchased through many DeFi applications, users are looking for a different direction due to record-breaking transaction fees and unreliable platforms. The listing of GHST Coin on Binance, one of the world’s largest cryptocurrency exchanges, actually offers users many advantages. GHST Coin holders can achieve a significant price increase, while non-holders are provided with a secure platform.