A guide to show the diversity of the Gotchiverse and its wider ecosystem
Aavegotchi has been one of the
pioneering gaming projects in the blockchain space, featuring ways to earn GHST
and other crypto coins. But the Defi-infused ecosystem really caught the
attention of the masses with the launch of the Gotchiverse. Aavegotchi combines
financial tools with Tamagotchi pets, a bit of Pac-Man and digital land
ownership. Here are 5 ways to earn crypto coins with Aavegotchi.
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Before we do anything, make sure
your Web3 wallet (i.e. Metamask) can connect to the Polygon blockchain. You can
learn more about that process here. Also, make sure you have some MATIC tokens
in your wallet on the Polygon blockchain. You will need this to cover gas fees.
Once you have MATIC in your wallet, you can swap it for GHST tokens. This is
the native crypto coin for Aavegotchi, one that players use to purchase
Aavegotchi NFTs.
In case the concept of Aavegotchi
is still a bit vague to you, please consider reading our in-depth article
explaining Aavegotchi and its ecosystem in detail. If you get the idea, let’s
now learn how you can earn crypto coins in the Aavegotchi ecosystem!
Owning a ghost
The pixelated Aavegotchi ghosts
function as a DeFi-powered piggy bank. Users will first need to buy an
Aavegotchi from the marketplace, using GHST. Or they summon a new pixel ghost
by buying and opening a portal. Depending on the ghost you have, you can put
certain tokens in it. In this example, you see a Gotchi with USDC stored inside.
Interestingly, you earn a few percent interests on these coins as well. So not
only are these game characters, but they are also your piggy bank!
On a monthly basis, Aavegotchi
often sees around $1 million in NFT trading volume on their internal
marketplace, the Baazaar. Most of that comes from the sales of Aavegotchi and
Portal NFTs. You can see the latest sales activity on the official Aavegotchi
dapp page.
So how do you get an Aavegotchi
in a few simple steps?
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Taking care of your ghost
Every Aavegotchi owner can buy
wearables from the Baazaar NFT marketplace. These wearables influence the attributes
of your ghost. Dressing up also increases the rarity of your Gotchi, which
becomes useful during the seasonal rarity farming events. During these events, the rarest ghosts can win NFT prizes.
In addition, it’s useful to pet
your Aavegotchi ghost every 12 hours. The higher the kinship, the better your
Aavegotchi will perform.
So how do you take care of your
cute little ghost pet?
- Visit the My Gotchis page on Aavegotchi.com
- Click “pet” every 12 hours
- Your Web3 wallet will initiate a transaction, and you will need to pay a few cents in MATIC. Confirm the transaction.
- Do this consistently and the kinship level of your Aavegotchi will increase.
Liquidity earns you raffle tickets
Aavegotchi is a blockchain game
with strong elements of Defi. This means that the community can support the
project by providing liquidity on a decentralized exchange. For Aavegotchi,
most of the action takes place on Quickswap, an exchange on the Polygon
blockchain. When you stake and lock away your GHST tokens, or stake your
liquidity tokens, you can earn Frens. These Frens points allow you to buy
raffle tickets, which in turn give you a chance to win very rare game
items.
How to earn Frens in Aavegotchi
in a few simple steps:
Note: frens tickets can’t be
transferred, but you can transfer and therefore sell raffle tickets on the
Baazaar NFT marketplace.
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Farming land
Users who own land can place
Installations on their land. These buildings will then fulfil a certain role,
for example, harvesting resources or storing them. These resources are
4 different tokens: FUD, FOMO,
ALPHA and KEK. You will need each of them to craft Installations, and upgrade
them. The use of land is still under heavy development, and the team of
Pixelcraft Studios keeps pushing out updates.
Things to keep in mind when
farming land:
- You need to own land, and space is limited on land.
- Every Installation you install on your land requires a transaction in MATIC.
- Every Installation can be upgraded, which requires FUD, FOMO, ALPHA and KEK tokens (Alchemica resource tokens).
- First upgrade your Aaltar, followed by the Reservoir, and then the Harvester. Each token has a dedicated Reservoir and Harvester that can be purchased using the resource tokens.
- Upgrading comes with an installation time, which players can speed up using GLTR tokens. You earn GLTR by providing liquidity in pools for the Alchemica resource tokens on Quick swap.
Starting without investments
Buying a ghost, land, and
Installations can be a costly endeavour, but even without serious financial
investment, you can get started in Aavegotchi. When landowners activate their
Aaltar, a certain percentage of their rewards drops into the Gotchiverse. Other
players can then pick up the FUD, FOMO, ALPHA and KEK as they search the game
world.
Aavegotchi features an integrated
lending system, allowing players to borrow Aavegotchi NFTs and share some of
their rewards with the lender. This creates a system where players can get
started earning tokens for as little as a few cents, while heavily invested
players can earn passive income by lending out their valuable Aavegotchi
ghosts.
- Connect your wallet to the Polygon blockchain.
- Make sure you have MATIC tokens in your wallet.
- Swap MATIC for GHST, because most lenders require payment in GHST upfront.
- Now visit the Lending page.
- Pick the Aavegotchi you like, and click it to see an overview of the offer.
- Once you agree, accept the terms and confirm the transaction. This requires some MATIC.
- Your borrowed Aavegotchi will be available in your account shortly for a limited amount of time, based on the terms of the lending contract you agreed to.
Closing words
The Aavegotchi team regularly adds new content to their Gotchiverse, introducing new mechanics and activities. Soon the team will reveal the Lickquidators, an evil enemy that will enter the Gotchiverse virtual world. Expect more updates, more Defi, and more gameplay, as the world of Aavegotchi develops. These interactive piggy banks now generate a source of revenue for involved and active players, truly embracing the spirit of play and earning.
