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Aavegotchi is an NFT project launched by the Aave team. Merging the unique features of DeFi, or decentralized finance, with the NFT space, Aavegotchi quickly achieved significant success and was even listed by Binance. Aavegotchi Coin, listed shortly after its launch by Binance, stands out with its many features. But what exactly is GHST Coin and how does it differ from others?
What is Aavegotchi (GHST)?
GHST Coin, launched by the DeFi team Aave, ranks 535th in terms of total market value. Aavegotchi Coin operates directly through the Aave protocol. In fact, objects called Aavegotchi are present in the network, known as game avatars that can be used as DeFi collateral and also offer staking rewards.
Similar to the Crypto Kitties project, Aavegotchi has risen above this with the explosion of the NFT sector. Created by Coder Dan and Jesse Johnson, the Aavegotchi project stands out for offering assets that can be used in-game and proposed as collateral in DeFi. DeFi users have to choose cryptocurrencies known as aToken, like aLINK or aUSDC, to interact with the Gotchi protocol. Users can earn GHST as a staking reward both by playing the game and engaging more.
The founder of the game highlighted that users who stake more can win much more valuable “end-game items”.
Where to Buy GHST Coin?
Although GHST Coin can be bought and sold through many DeFi applications, record-breaking transaction fees and the unreliability of platforms push users to a different direction. Binance, one of the world’s largest cryptocurrency exchanges, listing GHST Coin actually provides several advantages to users. Owners of GHST Coin have achieved a significant price increase, while those who did not buy it have gained a secure platform.
Binance‘s Innovation Zone allows easy buying and selling of GHST Coin. The high liquidity and extra security offered by the platform make it one of the most preferred exchanges.
