$GHST - An Undervalued P2E & Metaverse Project
$GHST - An Undervalued P2E & Metaverse Project
Aavegotchi is fun, nostalgic and has so much upside potential
Welcome to the 11th Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.
You’ve been hearing a lot about the metaverse and play-2-earn games recently, and you are starting to feel like you are missing out, but you are looking for a project that might still have a reasonable market cap because you are worried about FOMOing in and getting rekt.
Enter Aavegotchi and $GHST
What is Aaavegotchi?
TL;DR version
Aavegotchi is an NFT game played on Polygon, inspired by Tamagotchi. If you were born after the Tamagotchi craze, trust me, it was a big thing.
Aavegotchis are basically game avatars, which come to life once Aave tokens have been deposited into them. They are a bit like a piggy bank. Aavegotchis all have different traits, which give them their stats. These stats become important when using them in mini-games and will be important in the gotchiverse. The stats are also used in rarity farming: the rarer the aavegotchi score, the higher the $GHST payout from their seasonal game depending on where you rank in the leaderboard. You can buy and equip wearable NFTs in order to raise this score. You also get to pet your Aavegotchi and get rewarded for that. Neat, huh?
$GHST is the in-game currency that is essential to the game. All in-game NFTs are purchased with $GHST.
$GHST is sitting at $226 million market cap right now.
The Gotchiverse
The gotchiverse is where the game takes place. You will be able to buy land, put your gotchis to work by building installations on your land and earn in game currencies. We recommend you read the lite paper to understand the vision of the team. The alpha version of the Gotchiverse DeFi RPG will be going live before the end of 2021.
The second land sale is happening on Dec 2. You might want to get involved in that. They use a novel auction system that allows you to earn $GHST if you are outbid. Yes, you are paid to lose.
That’s your brief overview (there is a lot more to cover), which has hopefully convinced you that you need to dig deeper into the project. You can access all of the project resources here.
Let’s get some fomo going, shall we?
This is a few days ago, but $GHST is looking rather undervalued considering how far along the ecosystem is relative to its peers.
Aavegotchi utilises a bonding curve for $GHST, which means it is often much less volatile to the downside when the market is experiencing turbulence. It can’t be manipulated very easily.
Here is an example of this downside protection.
If you have some gotchis, you are also going to be able to lend them out. Pretty cool.
For the expert level defi users. You can put $GHST to work.
We can confirm Marc (member of the Aave team) is not a larper.
Nice and succinct.
People always talk about how great the team is associated with their bags. I promise you that you won’t find many devs that ship like coderdann (CEO of Pixelcraft Studios, the company behind Aavegotchi) does.
Would you like a hit of hopium, sir?
More hopium, sir?
A few targets from Herro.
Fine looking chart, we dare say.
Short $SNAP. Long $GHST.
All aboard the SS. Gotchi.
And that’s your alpha.