Aavegotchi is finally set to launch on 2nd March 2021!
Are you excited to summon your very first Aavegotchi? Well... I predict (just speculation) it's going to be very hot coz
Every effort is being done to ensure a fair release. But you'd still want to be in front when the launch happens; all ready to participate, with minimum risk of missing out. That is why I've decided to write this pre-launch checklist & guide to help you:
> 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.
Firstly, if you do not know what is Aavegotchi. Here are some resources to help speed up your understanding why I think Aavegotchi is going to be awesome:
Are you up to speed? Great!
So how do you get prepared?
One portal will ultimately summon one Aavegotchi.
(From a choice of ten randomly generated Aavegotchis you get to choose from)
The maximum number of portals you can buy per transaction during launch is 25 portals. However, the more portals you insist on buying per transaction (coz maybe you're a whale π), the higher the portal cost is. This was decided by a community vote which ended 26 Feb 2021, 12.00pm MY time.
Portals per transaction | Cost per portal
1 - 5 | 100 GHST each
6 - 15 | 200 GHST each
16 - 25 | 300 GHST each
> Disclaimer: None of the content in this guide is financial or investment advice. Treat this guide as a free resource akin to a friendly stranger you ask for directions on the road. Your funds, your decisions, your risks, your rewards.
> Voluntary Disclosure: I plan to buy five (5) portals. And if I can, buy five (5) more. That's 1000 GHST I need... so I'll need US$1,500 for this experiment (1 GHST: $1.50 - last I checked)
If you already have ETH, you can skip to the next step.
Aavegotchi is built on Ethereum.
Think of Ethereum like a theme park, if you want to sit on the rides, you need to pay fees... and the currency is Ether, also known as ETH.
Thus, in this step, you'll need to:
Frequently Asked Question: Why can't I use my ETH in Luno or the exchange wallet?
Answer: Metamask is the most widely used wallet for interacting with dapps. Not just Ethereum but for the wider decentralised web too. It is easy to use too.
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 to a smaller town instead of the big city where fees are virtually near-zero.
For this, you will need to use a bridge.
Once you have your ETH in the wallet (previous step):
Great!
You have successfully sent your money 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:
Now, let's get 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 Discord to send you some $MATIC but do exercise the courtesy to give back what you borrow once your airdrop arrives.
You are now ready for the Aavegotchi launch π₯π₯π₯
β An Aavegotchi requires maTokens in order to summon them. You don't need to migrate them from Ethereum mainnet.
β You can swap the maTokens you need from Quickswap.
