To echo some of what Toki said, yeah it's tracked pretty hot. Listen carefully and you should be able to hear some distortion in the recording (not the guitar distortion). It's a more "staticy" sound. It's clipping, and it just means you were pumping too much signal to your recording device. No big deal, you just need to turn your levels down.
The tone on the guitar was quite midrange heavy. Watch that when you're trying to get your guitar tone. It makes for a sound that's a little abrasive on the ears.
Now having said that, you got a good groove going on that guit. It could be the makings of a real good song. So keep at it.