Aavegotchi plans to launch DAICO this week and simultaneously list AavegotchiDAO and ecological governance token GHST.
Aavegotchi, the first NFT digital collection platform based on the loan asset aToken in the Aave ecosystem, announced that it will start its decentralized automatic initial token issuance (DAICO) this week, and AavegotchiDAO and Aavegotchi ecological governance token GHST will also be launched simultaneously. Aavegotchis also revealed that it plans to launch on the Ethereum mainnet in December.
Chain Wen Note: DAICO is a combination of DAO and ICO. It was originally proposed by Ethereum founder Vitalik Buterin in January 2018. DAICO is an improvement on the traditional ICO financing model. The goal is to pass in the early development stage of the project. Increase investor participation.
Further reading: ” Why is the “DAO+ICO” fundraising method proposed by Vitalik nowhere? 》
Aavegotchi was developed by Pixelcraft Studios with the goal of introducing DeFi to the public. The game has received widespread attention because it provides a friendly “ghost” world that conceals a powerful DeFi and non-homogeneous token (NFT) platform. To summon a “ghost” similar to Aavegotchi, the user must pledge a certain amount of the income-generating aToken of the DeFi project Aave to the Aavegotchi favorites of their choice. Mortgage the revenue-generating tokens to game characters and items, and immediately unlock many previously unachievable experiences.
“We have witnessed amazing innovations in various dispersed areas of the blockchain.” Aavegotchi co-founder and technical architect Dan Mathieu explained: “So Aavegotchi is working hard to integrate innovations in various areas, such as value-added NFT, Chain storage in the field of encrypted art, as well as DeFi’s liquidity mining, etc., to provide game experience value greater than the sum of its various parts.”
Aavegotchi stated that access to funds is in a fair, transparent and safe manner. First, the founder is not anonymous; second, the team also reversed the trend of token issuance with unreviewed code. Instead, they chose the widely acclaimed but rarely implemented DAICO financing model, allowing the community to manage the raised funds through the governance dashboard.
The distribution of GHST coins is completely open and transparent, and is carried out in three stages. All information is publicly shared through Twitter, Discord and Medium.
The project was originally funded by an ecosystem fund from Aave, and in the first phase of the release, it raised more than $250,000 from early community members. However, most GHST coins will still be distributed in the second and third stages-a small amount of pre-sale to guide liquidity, followed by a continuous token joint curve. The use of the token joint curve can further improve transparency and trust. Its smart contract comes from the leading DAO platform Aragon and has been audited by a third-party audit company.
“We decided to build Aavegotchi as a community-led DAO on the first day of the project,” said Jesse Johnson, co-founder and product leader of Aavegotchi. “Our ultimate goal is to allow DAO to have complete ownership of the Aavegotchi game, including game mechanics, reward distribution, and eventually even the smart contract itself.”
Although not directly involved in its development, the Aave team has been very supportive of Aavegotchi and the value it brings to the Aave ecosystem. Stani Kulechov, founder and CEO of Aave, explained: “Aavegotchi uses non-homogeneous encrypted collectibles as an incentive to bring a new interpretation of DeFi. Users unlock Aavegotchi after a period of time in the game, but also save money and obtain Earnings. Aavegotchi makes saving easier and more fun.”
Source link: medium.com
