Key Points
- Binance will launch futures buying and selling for Aavegotchi (GHST) immediately.
- The GHSTUSDT Perpetual Contract will launch with as much as 75x leverage.
Binance has simply introduced the launch of futures buying and selling for Aavegotchi (GHST) immediately, September 23, at 13:00 (UTC). The GHSTUSDT Perpetual Contract will launch with as much as 75x leverage.
Binance continues launching futures contracts in an effort to broaden customers’ buying and selling choices whereas boosting their expertise on the platform.
Folowing the announcement from Binance Futures, the Aavegotchi (GHST) token recorded a major surge in its worth of over 37%.
GHST Price Surges Following Binance Announcement
At the second of writing this text, GHST is buying and selling at $1.19, up by greater than 37% previously 24 hours.
Earlier, the token reached a worth of $1.22. The coin has a complete market cap of virtually $63 million.
Among the undertaking’s most notable achievements, it’s necessary to say that Aavegotchi raised $30 million to create a gaming platform with none VCs.
In a post on X on September 17, the staff detailed how they did it by way of a video presenting their CEO CoderDan telling the entire story at DAO TOKYO, a DAO occasion that occurred in Tokyo from August 21-22.
The NFT gaming protocol raised the funds from its holders to fund growth for the undertaking, with out promoting any NFTs, in keeping with the CEO.
Last month, the undertaking introduced Geist, a brand new L3 constructed with Arbitrum Orbit, Base for settlement, and Alchemy as their roll-up companion. Geist is supposed to onboard the subsequent billion customers on-chain.
What Is Aavegotchi (GHST)?
Aavegotchi (GHST) is the governance token of the Aavegotchi NFT Gaming Protocol.
GHST is an ERC20 token that may very well be purchased and bought freely by way of the “bonding curve” – an AMM (Automated Market Maker) sensible contract owned by the DAO.
On September 15, 2020, the GHST token sale went reside on Ethereum Mainnet. The sale was the primary of its sort, a “steady mannequin” owned by a DAO, also referred to as DAICO, which is a time period coined by Vitalik Buterin, Ethereum’s founder.
GHST token holders obtain voting energy within the AavegotchiDAO which oversees the next:
- All of the protocol’s elements
- Aavegotchi’s flagship recreation, the Gotchiverse
- Aavegotchi NFTs
The Aavegotchi protocol is an Aave node, and it’s translated into “ghost” in Finnish. It’s powered by the Aave protocol, one of many main lending protocols in DeFi.
Important Project Details:
- Aavegotchis are pixelated ghosts backed by the ERC-721 token commonplace.
- The Aavegotchi NFTs have dynamic metadata that modifications over time by way of consumer interplay.
- Aavegotchi’s worth and rarity are decided by its collateral stake, traits, and wearables.
Aavegotchi was created by the Singapore-based Pixelcraft Studios.
