What is an Aavegotchi
Aavegotchi is a Tamagotchi-inspired pet collectible game. You get to pet it, play games with it (in the upcoming Metaverse), build your kinship with it.
But with many twists. Here are some quick gems.
Each Aavegotchi is an NFT.
which means these digital pets live on a blockchain, are provably scarce, unique and not easily deleted aka live forever unless you... yes you choose to destroy it.
Each Aavegotchi is a digital piggy bank that earns you money over time.
You need to put some money (maTokens) in each Aavegotchi before they can exist. Also, thanks to DeFi protocols e.g. Aave, the money inside that Aavegotchi is earning interest over time.
The Aavegotchi game is governed by a DAO; not a company.
How the game evolves is decided by us --- the community. Game revenues (e.g. portal sales) flow into the DAO treasury and how that money is used follows transparent rules which are decided by the community.
What you can learn in this guide
In this beginner guide, you can learn:
- How and where to buy ETH
- Migrate(bridge) your ETH to Polygon (formerly Matic)
- Buy GHST using Quickswap
- Buy a portal from Baazaar
- How to summon an Aavegotchi
- Earn more money with your Aavegotchi
This guide assumes that you're completely new to cryptocurrencies and starting from scratch. However, feel free to skip to the step that is more interesting and relevant to you if you are an advanced user. Also, this guide is NOT the only way to prepare yourself... it is a summary what I learned to help you save time and costs.
Get ETH
If you already have ETH, you can skip to the next step.
Aavegotchi is built on Ethereum.
Think of Ethereum like Rainbows End, if you want to sit on the rides, you need to pay entry fees... and the currency is Ether, also known as ETH.
Follow the steps below to jump on the rollercoaster:
Buy ETH (for fees) & USDC from Kraken Cryptocurrency Exchange.
Create a Metamask wallet to store your crypto, use this youtube guide.
Send your ETH & USDC from Kraken to your Metamask wallet.
Bridge USDC to Polygon (Matic)
Now, Ethereum has become a very expensive theme park... lots of economic activity (which is good) but heavy traffic congestion and fees.
Thus, the entire Aavegotchi game will run on Polygon (formerly known as Matic)... a layer two solution for Ethereum. Think of it like moving your activities from the big city to a smaller town instead where fees are virtually near-zero.
For this, you will need to use the aavegotchi bridge.
Once you have your ETH(for bridge fees) & USDC in your Metamask wallet (previous step):
Visit the aavegotchi bridge.
Connect your Metamask Wallet.
Select USDC to Bridge
Read the notice. The transfer takes about 8 minutes.
The bridge will estimate the gas fee (varies depending on Ethereum congestion).
Confirm the 'Transfer' and
Pay the gas fee(ETH) using your Metamask wallet.
Done!
Buy GHST using Quickswap
You're nearly there, it gets easier with practice.
You've successfully sent your USDC to Polygon (Matic)... the "small-town" where fees are virtually near-zero.
Change the network on your Metamask wallet to 'Matic' to view your balance. Notice that when you move your funds from Ethereum to Matic, your address is the same... just a different network.
If you do not see 'Matic' in the dropdown menu, you need to add 'Custom RPC' for your Metamask wallet. Settings as follows:
Network Name: Matic Mainnet
New RPC URL: https://rpc-mainnet.maticvigil.com/
Chain ID: 137
Symbol: MATIC
Block Explorer URL: https://explorer.matic.network/
Now, let's get some $GHST
Visit Quickswap
Connect your Metamask wallet
Now swap your USDC for some GHST
In Matic, the gas fees are paid with $MATIC. When you use the Matic bridge to send ETH to Matic for the first time, you should receive an airdrop of 0.1 $MATIC; which should be enough for at least 1,000 transactions. It takes a few hours for the airdrop to arrive. If you cannot wait, you can try asking for someone in the aavegotchi discord to send you some $MATIC but do exercise the courtesy to give back what you borrow once your airdrop arrives.
Confirm Swap.
Congrats you now have $GHST!
And the gas fee was only $0.000080 USD. 😲
How to Buy a Portal from Baazaar
Visit Aavegotchi
Click Play.
Click Gotchi Baazaar.
The Baazaar is a built-in open marketplace where people buy and sell portals, Aavegotchis, wearables, raffle tickets etc.. with other players.
In the Baazaar, you can either buy
- A closed portal - You can open and spawn 1 of 10 aavegotchi's, each with unique stats and brs(base rate score)
- An open portal - Someone has already opened the portal, you spawn 1 of the 10 aavegotchis with unique stats and brs(base rate score)
Closed portals are usually more expensive than open portals.
Open portals have less element of surprise hence are cheaper. You can also use the sort function to find the lowest price portal available.
- You can also view what Aavegotchis are inside an open portal before buying it.
- Once you buy a portal, the summon button will be available. Out of 10 choices, you can only summon one Aavegotchi from a portal. The remaining nine choices will be gone forever.
- To summon your Aavegotchi, you need to attach (not spend) some maTokens on it. In this example below, you need minimum 0.0176 maWETH to summon this Aavegotchi. You can use Quickswap to swap your ETH for some maWETH.
Instead of HODLing your favorite cryptocurrency in a cold storage wallet never to be touched or seen for years... why not lock that cryptocurrency you are bullish about in an Aavegotchi... and let it earn additional interest for you over time. 🙂
In this example, this Aavegotchi has 0.1 maAAVE ($38) inside it... and is now worth 0.100007 maAAVE in the last two weeks since birth.
You can put more collateral onto your Aavegotchi and just HODL. If you have a very unique Aavegotchi that people want to buy... you should factor in your starting costs plus the money inside your Aavegotchi as your minimum exit price.
Have a look at what Gotchis have been sold.
Giving your Gotchi a great name is really important because Aavegotchi names operate like domain names. Once you successfully name your Aavegotchi, only that Gotchi has that name. So imagine if you had an Aavegotchi pet name Elon Musk or DonaldTrump, all this can play as part of your strategy to make your Aavegotchi more valuable than others.
The game launch (Haunt 1) only released 10,000 Aavegotchis. So there are plenty of names waiting for you to capture right now.
Dress your Aavegotchi up to character with Wearables.
- Increase the rarity of your Aavegotchi
- Earning Season Rewards
- Any Aavegotchi with > 500 BRS is pretty decent.
- Soon we would know better when the developers release sub graphs so we can find out how our Aavegotchi compares to others in the larger ecosystem.
- Like most games, you can level up your Aavegotchi by earning XP playing games (in the upcoming Metaverse) or by participating in voting inside the
AavegotchiDAO. Every 3 level up allows you to tweak the trait numbers up or down once, augmenting your BRS score. - 33% is burned. 🔥🔥🔥
- 17% is used to pay the developers.
- 10% goes into a community treasury... and;
- 40% goes back to the players in Season Rewards! 😲😲😲
- Rarity Score
- Kinship
- XP
Pro-Tip: You can also view more details visiting the URL https://aavegotchi.com/portal/XXXX. Replace XXX with the portal number.
maTokens are Aave interest-bearing tokens. That means they use Aave to earn interest over time. You can get them from Quickswap.
Congratulations. You have summoned an Aavegotchi!
Alternatively, you can also buy an Aavegotchi directly from someone else on the Baazaar.
Disclaimer: None of the content in this guide is financial or investment advice. Treat this guide as a free informational and educational resource. Your funds, your decisions, your risks, your rewards.
How to Earn More Money with your Aavegotchi
Method #1 - A fun way to HODL
Method #2 - Make Your Gotchi Stand Out from the Rest
Method #3 - Rarity Farming
This is my favorite method and is what excites me most about Aavegotchi. The full detail of rarity farming can be read here.
But... allow me to break it into two simple parts for you.
Increasing the Rarity of Your Aavegotchi
Firstly, how do you choose your Aavegotchi?
General rule of thumb, any number in the middle is not good. A trait that either has a really low score (0-30) or really high score (70-100) will contribute to a higher rarity score.
The highest rarity score is 600. The chance of getting a perfect score Aavegotchi from a portal is 0.000000064%.
Earning Season Rewards
Now, this is where it gets really interesting.
Why? Because traditionally... say Pokemon cards... when the Pokemon Company sells booster packs and crate loads of products, the revenue earned goes to the company, then they pay staff and salaries; then the profits distributed to the company shareholders.
In Aavegotchi, for every revenue earned (e.g. portals sold during launch):
Season One officially begin on April 20 (4/20) for 8 weeks.
The reward pool for Season One has been finalized to be 1.4 million GHST (approx. $2 million USD).
In this season, the top 5,000 Aavegotchis are capable to win GHST based on:
Now you can circle back and read the more detailed article on how you should strategize and compete in each category for Season 1.
Recap Summary
Ultimately, a game must be fun to play in order to gain long term success.
As of now, Aavegotchi appears to be heading in a promising direction. It's easy to understand yet can go very deep... just as how great games should. I personally look forward to playing my Aavegotchis in the Metaverse.
Meanwhile, I hope you use this guide to squeeze the maximum benefit from your Aavegotchi game experience.
✅ How to get ETH
✅ Migrate your ETH to Polygon (formerly Matic)
✅ Buy GHST using Quickswap
✅ Buy a portal from Baazaar
✅ Summon an Aavegotchi
✅ Earn more money with your Aavegotchi
Looking forward to the results of Season One. See you on the Aavegotchi side. Best of luck
