--- tags: Community Updates --- # ✨Here's what we know so far about Aavegotchi✨ # Official Litepaper: https://docs.google.com/document/d/1aTijRP1Rd_Z8iu6IISWCct7TWRdzK3x-lfrucgM_7Cg/edit# Side Deck https://www.figma.com/file/ncuCl5jH04h0qxlDbx6PDa/Aavegotchi-Slide-Deck?node-id=0%3A1 Official Whitepaper https://docs.google.com/document/d/186zOapKeHNNJ9y8LIByQQ64rs0eJUlEF/edit#heading=h.gjdgxs Blog https://medium.com/@aavegotchi ## Official F.A.Q ## ### What on earth is an Aavegotchi? ### So, imagine if Vitalik Buterin and Stani Kulechov got together and had a bab-... *too weird. nevermind, forget that thought.* OK, Let's say the Aave Ghost fell in love with a Cryptokitty and they had se... *no? no good either?* *fine, here's the boring version...* **Aavegotchis are NFTs staked with interest-generating aTokens.** *In other words, Aavegotchis are DeFi-powered NFTs!* Aavegotchis have many different traits, including personality, ethereality, body color, and many more. Some traits are assigned at birth, using a special randomizer algorithm from a certain *ahem* well-known blockchain project...what's the name again? Prophesizer? *No...that's not it.* TrainFink? *Something like that...* Anyways... ### How do I get one? ### You'll be able to get an Aavegotchi from our official dapp at aavegotchi.com (coming soon). But it isn't just as simple as *buying* an Aavegotchi. These things are being summoned from the spirit realm, remember?? You can't just wave a magic wand and *poof*, have one appear like Casper. Casper...what a simp. To acquire an Aavegotchi, you must first acquire an Aavegotchi Portal — a spectral body imbued with powerful dank magic. (no, that’s not a typo..) ![](https://i.imgur.com/3sYbLJR.jpg) Upon opening your Portal, you will discover 10 different Aavegotchis lurking within. You will be forced to make a choice… Depending on the rarity of its traits, each Aavegotchi will require a different amount of staked collateral to summon. Stake that amount to the Aavegotchi of your choice and, voila! You are now the proud owner of a DeFi-staked Aavegotchi NFT! ### Can Aavegotchis be traded/sold/bought? ### Of course! You'll be able to trade your Aavegotchi in NFT markets like OpenSea. Even better, all of the staked collateral comes with your Aavegotchi when you trade it. ### Is Aavegotchi an official Aave project? How much is Aave involved? ### Aavegotchi is a recipient of an Aave Ecosystem Grant, but we are not an official Aave project. However, Aave has been extremely helpful and we're in close contact with the team. ### Who's on the team? ### * Chief Summoner / Tech Lead - [@coderdan ](https://twitter.com/coderdannn) * Chief Coordinator / Product Lead - [@gldnxross](https://twitter.com/gldnxross) * Chief Visionary / Art Director - [@xavieriturralde](https://twitter.com/xavieriturralde) * Chief Wizard / Solidity Lead - [@mudgen](https://twitter.com/xavieriturralde) ### Who's advising? ### * [Stani Kulechov](https://twitter.com/StaniKulechov), Founder of Aave ### What's the business model? ### Initial funding for the project (beyond the Aave grant) will be provided by a DAO-governed sale of the $GHST utility token (DAICO), which will be redeemable for Aavegotchi collectibles when they are live on Mainnet and burned upon use. Further revenue will be generated by sales on wearables, consumables, and fees collected from mini-games. ### Is Aavegotchi decentralized? ### Initially the Aavegotchi team will lead development, but shortly after the Mainnet launch we will summon a DAO to govern further development and reward token-holders for good decision-making. ### Is Aavegotchi open-source? ### Of course! All of our smart contracts will be available for your astute perusal. ### Why are you making Aavegotchi? ### That question, like most others, is best answered with a meme. 👇 ![](https://i.imgur.com/BKL71bk.jpg) For too long, the NFT and DeFi communities have been separated. Separation breeds distrust, distrust breeds jealousy, and jealousy leads down the path of Bitcoin Maximalism. 👿 We can't have that now, can we?? Aavegotchis are a fun, adorable way to bridge these two vibrant communities, cross-pollinate, and grow adoption for each. We're pushing the limits of NFTs in ways no one has dared to do before, with an epic dose of kawaii positivity to boot. We hope you'll join us. ## Community-submitted Questions > Have a question? Join our [Discord](https://discord.gg/rttCTkZ) chat and submit it there 👻 ### How cute will they be? ### ![](https://i.imgur.com/PBvPupL.png) ### Will Aavegotchis have hats? Swords? ### Definitely! You'll be able to deck your Aavegotchi out with all kinds of fun wearables, including hats, gloves, shoes, weapons, and many many more. Aavegotchi is planning to implement the ERC998 Composables Standard, which allows NFTs to hold other NFTs. Composability FTW! ### Can I name my Aavegotchi? ### Yes! When you claim your Aavegotchi from the portal, you will have an opportunity to name your Aavegotchi. Choose wisely though, because Aavegotchi names are unique and cannot be changed! ### What platforms will they be available on? ### Aavegotchis will initially live on aavegotchi.com but one day they'll also expand to iOS and Android platforms. ### Are Aavegotchis on-chain? ### Absolutely. All metadata including name, traits, wearables, etc. are all on-chain. We are also exploring whether or not it’s feasible to put the Aavegotchi art itself on-chain. More on that later. ### Can we breed them? ### TBD! ### Will Aavegotchis battle? ### We can totally imagine a mini-game where Aavegotchis compete. We're building Aavegotchi with interopability and composability in mind, so developers will be able to build mini-games on top of Aavegotchi! ### When are you planning to release? Wen moon? ### We move quickly, but also want to ensure that Aavegotchi smart contracts have been thoroughly tested and vetted before launching on Mainnet. Can't promise an exact timeframe, but aiming for Q4 2020. ### Can they poop? ### It takes a lot of work to digest aToken interest...so there's bound to be some *leftovers*! ### Can they die? ### Yes they can 🥺 If you choose to release all of your collateral from its Aavegotchi vessel, the Aavegotchi will be forced to depart the realm of Ether and return to its home, the Nether realm. (AKA, the Aavegotchi NFT will be burned forever). ### Can they talk to each other? ### Aavegotchis will be able to communicate with each other via their smart contracts. We're also planning an Aavegotchi Realm for your Aavegotchi to explore and meet new friends. ### Why does Aavegotchi have a crystal on its forehead? ### The Aavegotchi logo features an Ethereum logo as its third eye. Real Aavegotchis will display the logo of their underlying collateral. So if your Aavegotchi is staked with interest-generating DAI, there would be a DAI symbol in place of the crystal. ### Are they based? ### Aavegotchis are 100% based, Aavepilled, and LENDpilled. ## Questions about GHST Token ## ### What is GHST token? ### GHST token is the ecosystem token of Aavegotchi. You'll need to spend GHST to buy Portals and wearables, and stake GHST to claim REALM, the parcel token of the Aavegotchi Realm. GHST is also the governance token of Aavegotchi, and thus entitles its holder to vote in the AavegotchiDAO. GHST can be earned by voting in AavegotchiDAO, rarity farming, and playing mini-games. ### How do I get it? ### You can get GHST from our official dapp at aavegotchi.com/curve. GHST is distributed via a unique mechanism called a token bonding curve (TBC). As GHST are purchased from the TBC, the price of all existing GHST goes up in correlation with the new supply; likewise, when GHST is sold back into the curve, it is burned, reducing the total supply and the price. ### What's the maximum supply of GHST? ### There is no maximum supply. As explained above, the supply of GHST increases and decreases over its lifetime. But don't worry, this doesn't mean there is rampant inflation. GHST token is b a s e d on sound mathematical formulas that increase price as supply goes up. ### When does the bonding curve end? ### The bonding curve is continuous, never-ending as long as Ethereum exists. This continuous distribution allows the supply of GHST token to wax or wane depending on its utility and demand by the community. Higher utility in the Aavegotchi ecosystem will lead to greater demand, which will increase the price of GHST over time. ### Why do I need KYC to buy from the bonding curve? ### Because the Aavegotchi team is not anonymous, it is our responsibility to ensure that the token distribution of GHST is in compliance with securities regulations in various countries. Thus, we must perform KYC on our buyers/sellers and restrict access only to those countries where GHST is not considered a security. You can perform KYC at aavegotchi.com/kyc (Mainland Chinese and US citizens unfortunately cannot be accepted, due to securities regulations). ### Will I still be able to buy Aavegotchi if I can't do KYC? ### Of course! Our KYC process is only limited to the token bonding curve, not Aavegotchis in general. You will be able to purchase and stake your Aavegotchi even if you were not able to fulfill KYC requirements on the token bonding curve. GHST has also been community-listed in several other exchanges and DEXes. The official token contract address of GHST is: 0x3F382DbD960E3a9bbCeaE22651E88158d2791550. Please use extreme caution when buying from un-official sources. ### What's the difference between buying from the curve and buying on external sources? ### The biggest difference is that buying from the curve supports the Aavegotchi DAICO initiative. Every month, a small portion of the reserves are allocated to the Aavegotchi team to fund development, marketing, and DAO proposals. If no one buys from the curve, there will be no funds in the reserves to use for these purposes. ## Questions about Aagents ## ### What's an Aagent? ### An Aagent is a special role in the Aavegotchi discord, given to members who participate in weekly Missions and level up. Each week there is a new Mission to participate in. Being an Aagent has a lot of perks. For example, Level 6 Aagents were eligible to participate in the GHST token presale. When Aavegotchi launches on Mainnet, each member who has completed ALL the Missions will receive a special exclusive Aagents wearable set for their Aavegotchi--living proof that they are an Aavegotchi OG. ### Are all Missions available to complete? ### Yes, all Missions are available to complete. Some Missions may be limited time in the future, but as of now that has not happened yet.