Guest: Co-Founder of Jesse Aavegotchi
Host: Matic Max, Polygon Community
Sharing time: 7:30pm on March 1st
The following is the text of the interview:
1. Question: First of all, please make a brief self-introduction to everyone, introduce yourself, and Aavegotchi.
Question：First of all, please give us a brief introduction about yourself and Aavegotchi.
Answer：Hello everyone, my name is Jesse J aka @gldnxross. I’m co-founder of Pixelcraft where we are creating Aavegotchi.
I’m glad to be here today and answer questions about this NFT x DeFi experience and how Aavegotchi is bringing crypto to the mainstream!
A: Hi everyone, my name is Jesse J (aka Twitter account @gldnxross) and I am the co-founder of Pixelcraft Studios. At Pixelcraft Studios, we co-created Aavegotchi.
I am very happy to be here today to answer questions about NFT x DeFi and how Aavegotchi will push the crypto industry into the mainstream of the world!
2. Question: What is the expected goal of the project party for the future development of the project? How many stages to achieve? When will it be realized
Question：What are the expectations for the future development of the project? In how many phases? Andwhen will it be implemented?
Answer：Aavegotchi’s first NFT drop is happening tomorrow at 8:30pm IST. This is the first time Aavegotchis will be minted. Its really just the beginning of aroadmap that expands to a universe of games your Aavegotchi can play in. Some of these are social, some are cometitive, and all are a lot of fun.
The truth is, Aavegotchi is a web3 avatar that has room to expand by integrating with all sorts of DeFi applications.
Answer: Aavegotchi's first NFT release will be held tomorrow at 8:30pm IST (11pm Beijing time). This is the first release of Aavegotchis. And that's really just the beginning of a roadmap that could expand across Aavegotchi's game universe. Some are social, some are competitive, and all of them are fun.
In fact, Aavegotchi is an incarnation of web3 that can continue to expand by integrating various DeFi applications.
3. Q: What kind of economic model does Aavegotchi have?
Question：What is the economic model of Aavegotchi?
Answer：An Aavegotchi is a piggy bank for your Aave defi tokens, collectible NFT art, and also a game item that can help you farm more tokens from games.
Rarity Farming is our main game and will be launching in a few weeks time. It will offer over 500k GHST tokens to be farmed over 8 weeks. To win, simply take good care of your Aavegotchi!
Answer: Aavegotchi is a piggy bank for your Aave defi tokens, a collectible NFT artwork, and a game item that can help you get more tokens from the game.
"Rare Mining" is our main game coming out in a few weeks and it will provide over 500,000 GHST tokens for mining over 8 weeks. Earning tokens is easy, all you have to do is take good care of your Aavegotchi!
4. Question: What are the differences and advantages of Aavegotchi compared with the current hot Flow and Opensea in the NFT game track?
Question：What are the differences and advantages of Aavegotchi in the NFT game track compared to current hotprojectssuchasFlow, Opensea?
Answer：Flow is a blockchain dedicated to blockchain gaming. Likewise, we opted to deploy Aavegotchi on Polygon (aka Matic Network). Polygon has over 70 NFT and gaming projects already released and so many more Ethereum based projects are coming over every week.
We chose Polygon because, unlike Flow, they are a true layer 2 solution that works seamlessly with Ethereum’s mainnet.
Opensea, the worlds leading NFT market, recently deployed a new beta version to Polygon as well!
A: Flow is a blockchain dedicated to gaming. Similarly, we ultimately chose to deploy Aavegotchi on Polygon (formerly Matic Network). Over 70 NFT and game projects have been released on Polygon, and more Ethereum-based projects are still coming out every week.
We chose Polygon because, unlike Flow, Polygon is a true second-layer solution that works seamlessly with the Ethereum mainnet.
Opensea, the world's leading NFT trading marketplace, has recently deployed a new beta version on Polygon!
5. Question: I heard that Aavegochi and Cometh have cooperated recently. Do you consider continuing to cooperate with other games in the future to continuously expand the influence of gochi?
Question：We’ve heard about that Aavegochi recently cooperated with Cometh. Will you consider continuing to cooperate with other games in the future to expand Aavegochi's influence?
Answer：Yes, we’re very selective, but are always glad to collaborate with innovative projects like Cometh. They are gamifying finance in a way very different that Aavegothci, but when put together, its even more exciting. We were thrilled when they announced they are also moving to Polygon layer.
A: Yes, we choose our partners very carefully, but Aavegochi is always happy to work with innovative projects like Cometh. The way they monetize the game is very different from ours, but it's even more exciting to combine the two. We were very excited when Cometh announced that it would also be migrating to the Polygon network.
6. Question: If you are a hardworking Aavegochi player, what is the expected annualized income?
Question：What is the estimated annualized revenue (or APY) for a “hard-working” Aavegochi player?
Answer：Well that’s really yet to be defined but I can give some concrete examples:
Season 1 of Rarity Farming will diseprese more than 500k GHST over an 8 week period. The top 20% of all Aavegotchis will receive GHST rewards airdropped every 2 weeks (so 4 times total). That’s 2000 Aavegotchis earning GHST every 2 weeks!
The top scoring Aavegotchis will earn upwards of 25,000 GHST each. That’s just season 1, let alone for an entire year!
That also doesnt count potential trading NFTs in our marketplace
A: The rare mining of the first season will distribute more than 500,000 GHST tokens within 8 weeks. Players who rank in the top 20% of all Aavegotchis will receive an airdrop of GHST rewards every 2 weeks (8/2 = 4, so a total of 4 times). That is 2000 Aavegotchis will get GHST every two weeks!
The Aavegotchis with the highest scores will each receive 25,000 GHST tokens. This is only the first season, let alone a whole year!
Of course this algorithm does not include the proceeds of potential transactions in our NFTs marketplace.
7. Question: Will more game cooperation on the Horseshoe mainnet divert the original player traffic?
Question：Considering an increasing number of game cooperations with the Matic network, will the original playerflow on Aavegochibe divided away by other projects?
Answer：Oh I dont worry about this at all. We believe and are actively encouraging our friends on Ethereum to join us with deployments on the best layer 2 solution. A rising tide raises all ships.
Oh, I'm not worried about that at all. We believe in and actively encourage friends on Ethereum to join us and deploy projects on the best second-layer solutions. A rising tide lifts all boats, you know.
8. Question: Will there be freezes and crashes when the game goes online? I hope the technical department will implement it. Thank you.
Question：Will there be downtime or errors when the game goes online?
A: We don't expect that to happen.
9. Q: If a bear market comes, what kind of preparations does Aavegotchi have to deal with the bear market?
Question：If a bear market comes, how would Aavegotchi like to prepare to deal with it?
Answer：I’m quite proud of our GHST token’s economics. Unlike so many tokens, it is a truly asset backed token. This is thanks to our bonding curve that houses millions of DAI tokens to support the GHST minting process. In recent pullbacks, we’ve seen GHST outperform the great majority of tokens.
As game item sales soar, we’ll see the 33% GHST burn mechanism kick in as well.
A: I am proud of the economic model of our GHST token. Unlike many tokens, it is a true asset-backed token. This is thanks to the design of our bonding curve, which accommodates millions of DAI tokens to support the GHST minting process. During the recent pullback, we have seen GHST outperform the vast majority of coins.
With the soaring sales of game props, we will also see the embodiment of the 33% GHST destruction mechanism.
10. Question: What do you think of the future development of the NFT field, and how will Aavegotchi combine with the trend of NFT development?
Question：How do you see the future development in the NFT industry? How will Aavegotchi combine with the trend of NFT development?
Answer：NFTs are still in the experiemental phases. We are all working to prove the best models. I think the future is extremely bright. NFTs can benefit everything from consumer products to industrial supply chains. We’re looking at the next great leap for digital property.
A: NFTs are still in the experimental stage. We are all trying to find and prove the best model. I think the future is very bright. From consumer products to industrial supply chains, NFTs can benefit everything. We are witnessing the next giant leap forward in digital property.
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