GHST was launched as a DAICO (DAO Governance Token Sale), which means that the funds raised are managed by the community. GHST is described as a DeFi-enabled crypto collectible item that enables users to collect, compete and combine their Aavegotchis for a gamified DeFi experience.

GHST is an ERC-20 native utility token in the Aavegotchi ecosystem, and has the following use cases:
Payment: GHST is used as the base currency for purchasing various digital assets, such as Aavegotchi Portals, wearable equipment, consumption Items and collectibles etc.
Staking: Players need to stake GHST tokens to generate REALM (which represents land in the Kingdom of Aavegotchi) to demonstrate economic commitment to the ecosystem and to prevent malicious behavior.
Governance: GHST will be rewarded to users who participate in the governance behavior within AavegotchiDAO.

Project Introduction

Aavegotchi, based on Aave, is an ERC-721 non-fungible token (NFT) generated by staking various supported ERC-20 tokens. A series of functions introduced by the Aavegotchi ecology include token staking, dynamic token rarity, rarity mining, and game mechanics managed by a decentralized autonomous organization (DAO).

Aavegotchi have three attributes that determine their overall rarity and value, including:

Spirit Force: Each Aavegotchi NFT manages an escrow contract address that holds an Aave-backed ERC-20 collateral called Spirit Force, while its collection is represented by an aToken. aToken is an interest-bearing derivative token that is minted and burned when collateral is deposited and redeemed.
Characteristics: Aavegotchi can have a variety of characteristics. These traits affect their rarity, performance in minigames, and the wearables they can equip. Some traits are randomly generated at birth, while others depend on the user's interactions with the Aavegotchi.

Wearable equipment: In addition to managing aToken, Aavegotchi can also manage sub-level ERC-721 or ERC-1155 NFT assets, which are called wearable equipment in the Aavegotchi ecosystem. Some wearables can increase or decrease certain characteristics of an Aavegotchi.