Aavegotchi, known for its Ethereum-based crypto collectibles, has announced the GOTCHI Play-to-Airdrop campaign, the first rewards initiative on its proprietary blockchain, Geist. This campaign introduces play-to-earn with the GOTCHI token, which serves as a utility token within the Gotchiverse, Aavegotchi’s immersive virtual world. The event begins on November 21, 2024, offering players new ways to interact with the Aavegotchi ecosystem and earn rewards.
What is the GOTCHI Token?
The GOTCHI token is the first culture token launched natively on Geist. It captures the essence of the Aavegotchi IP, emphasizing fun and engagement within the Gotchiverse. The token will be used for various in-game activities such as crafting, tipping, questing, and participating in community-driven activities.
The tokenomics for GOTCHI includes a total supply of 1 billion tokens, with 70% allocated for the Play-to-Airdrop campaign, 20% for liquidity, and 10% for growth and partnerships.
How to Earn GOTCHI Tokens
The campaign provides two primary methods for earning GOTCHI points, which determine leaderboard rankings and eligibility for rewards:
- Converting Alchemica:
- Players can convert previously farmed Alchemica into GOTCHI points at a fixed rate.
- Conversion rates are dynamic and may decrease over time, encouraging early participation.
- Playing Aavegotchi Games:
- Supported games include Spirit Force Arena, Gotchiverse 3D, and Gotchi Guardians.
- Players unlock badges by achieving milestones, which grant spins on the GOTCHI Wheel to earn additional points.
- A GOTCHI Gaming Rewards Pool, funded by Alchemica burns, caps the points available from gaming activities.
How the Campaign Works
The Play-to-Airdrop campaign will run for 18 months, divided into six three-month seasons. At the end of each season, GOTCHI tokens will be distributed to top-ranking players on the leaderboard. Key details include:
- Eligibility: Geist membership is required to claim GOTCHI tokens. Non-members can earn points but are not eligible for rewards.
- Deployment: GOTCHI tokens will be deployed natively to Geist after the conclusion of the first season.
- Burn Incentive: Alchemica not converted during the campaign will no longer be eligible for conversion after the campaign ends.
Aavegotchi Tokens: GOTCHI vs GHST
Aavegotchi currently hosts two different tokens, GOTCHI and GHST, each serving distinct purposes within the Aavegotchi ecosystem. GHST acts as the governance token for Aavegotchi and the primary medium of exchange for assets, as well as the gas token on Geist. GOTCHI, by contrast, is designed for cultural and in-game activities, including crafting, tipping, and questing, adding a layer of utility specific to gameplay and community interaction.
Final Thoughts
The GOTCHI Play-to-Airdrop campaign introduces an interactive rewards system, integrating competition and utility within the Aavegotchi ecosystem. By participating in the campaign, players can earn GOTCHI tokens, engage in diverse activities, and secure their place in the Gotchiverse.
For more details, visit the official website at Aavegotchi or join the conversation on Geist’s Discord.
