The team told Cointelegraph that after a series of delays related to the Ethereum blockchain, the non-exchangeable Aavegotchi tokens entered the open market, where they lived for no more than a minute.
The Aavegotchi project aims to create digital holdings of real value that are supported by integration with Aave and aTokens, which is a interest-bearing representation of funds transferred to a decentralized financial protocol. While Aavegotchis was designed to incorporate some of the Tamagotchi-inspired games and collectibles that were popular in the late 1990s and early 2000s, it is also an experiment in linking digital collectibles with real value. Reserved tokens in NFT cannot be recovered without destroying Aavegotchi herself, as they represent his “spiritual strength”.
AToken security is the minimal or intrinsic value of a group object. Additionally, each Aavegotchi has different attributes, wearable items, and general rarity, which should add value to the collection.
The first 10,000 gates were sold or “hunted” on Tuesday. Portals can be used to “call” Aavegottis and create 10 different critics, only one of them will be moved, depending on the choice of the owner. Gates are sold for at least 100 GHST, which is legitimate code that can be used to manage or purchase Aavegotchis accessories. At the time of sale, the token was valued at about $ 1.70, which means that the project raised between $ 1.7 and $ 2 million, depending on how many people have purchased more than one gateway and pay an additional ‘tax’.
The community remained somewhat frustrated with the sale as many potential buyers could not access it. The likely reason is that they imposed a very low gasoline tax with faster and better funded competitors who could capture a large chunk of the NFT.
Kuder Dan, the anonymous CEO of Aavegotchi, told Cointelegraph that this is the expected result:
We knew that opening 10,000 gates would not be enough to meet the demand. However, we wanted to be honest with our 10,000 figure, which was originally indicated in the official document. Thankfully, the differences between Haunt are small and we always thought Aavegotchis should be augmented by AavegotchiDAO’s votes. ”
“There is currently no evidence that the whales have performed better than usual,” added Jesse Johnson, co-founder of Aavegotchi. “It was just an elevator that some entered and some did not, including the founders!”
The community could vote for more seats, which would create more Aavegotchis. In the meantime, existing portals can be purchased from the NFT market and exchanged for digital acquisitions.