Aavegotchi Staking: A Simple Guide On How To Stake Your GHST Tokens!

UPDATE Oct 20 2020: GHST STAKING IS NOW LIVE ON MAINNETAccording to its whitepaper, Aavegotchis are unique crypto-collectibles residing on the Ethereum blockchain. They are supported by the ERC721 standard adopted in modern blockchain games such as Cryptokitties, Axie Infinity, and Cryptovoxels. Aavegotchi intends to connect the DeFi world with non-fungible tokens (NFTs), the two most exciting opportunities within the crypto industry. Aavegotchi allows users to build rare collectibles that they create by staking DeFi assets as collateral. These DeFi assets are stored in the Aave lending platform. Here we will take a look at what GHST is and how to stake it. What is GHST? GHST started as a DAICO (DAO+ICO). A DAICO is a DAO ruled token sale, where the collected funds are governed by the community. GHST is specified to be a DeFi-approved crypto-collectibles scheme that enables users to gather, play, and join their Aavegotchis for a gamified DeFi action. According to its whitepaper, $GHST is the standard utility token of the Aavegotchi ecosystem, and must be utilized to obtain Portals, wearables, and consumables. A share of all transactions comprising $GHST token will be delivered to AavegotchiDAO members to incentivize a smart decentralized governance. $GHST will also be … Continue reading Aavegotchi Staking: A Simple Guide On How To Stake Your GHST Tokens!