GHST is launched as a DAICO — a DAO governed token sale, which means that the funds raised are managed by the users, the community.

One of the key components of a DAICO is the “tap” mechanism — a special smart contract that drips money to a vault address, owned by the fundraising team (in this case, the Aavegotchi team). As a DAO, users have the power to vote on-chain to raise or lower the tap and control the flow of funds to Aavegotchi.