Aavegotchi Community Votes on Ending GHST Token Contract Sale

03/10/2023 22:29 • Tech Trends • 104 views

It is reported that the community members of the encryption collection game Aavegotchi are voting to decide whether to end the contract sale of its original GHST token for about two and a half years. The voting will decide whether to close the smart contract that provides liquidity for the casting and destruction of GHST. GHST is the basic currency and governance token of the ecosystem, with a market value of more than 76.6 million dollars and a total supply of 54.6 million. If this vote is passed, the second on-chain vote will decide whether to let Aavegotchi DAO spend the DAI that is stuck in the smart contract. If the vote is passed, the $33 million DAI token used to cast GHST in the contract can be used to develop the ecosystem of the game agreement.

The game agreement Aavegotchi votes to decide whether to close the smart contract providing liquidity for GHST casting and destruction

Analysis based on this information:

The Aavegotchi community is currently in the process of voting on whether to end the contract sale of the original GHST token for a period of two and a half years. This move comes with the intention of determining whether to close the smart contract responsible for providing liquidity for the casting and destruction of GHST.

The GHST token serves as the basic currency and governance token for the Aavegotchi ecosystem, which has a market value of over $76.6 million and a total supply of 54.6 million. However, should the vote pass, the second on-chain vote will determine whether the Aavegotchi DAO will be granted permission to spend the DAI that is presently trapped in the smart contract.

If approved, the $33 million worth of DAI tokens that were used to cast GHST in the contract will be made available for the game agreement’s ecosystem development. This move may be viewed as significant, as it can help bolster Aavegotchi’s development and upgrade projects, leading to a more robust ecosystem.

Essentially, the voting process will determine the direction that the Aavegotchi ecosystem will take in the coming years, and this highlights the unique nature of decentralized finance communities in terms of governance and decision-making.

In conclusion, the Aavegotchi community’s voting process underscores the importance of community participation, as it establishes a collaborative environment that allows stakeholders to play a significant part in the direction of the ecosystem. It will be interesting to see the outcome, as this may pave the way for future undertakings in the Aavegotchi community.

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