Loading...What is GOAT Network?
GOAT Network is a Bitcoin Layer 2 (L2) scaling solution designed to enhance Bitcoin’s capabilities by addressing its limitations in scalability and functionality. The platform enables smart contract functionality and introduces sustainable yield opportunities for Bitcoin holders, effectively transforming Bitcoin from a primarily store-of-value asset into an active participant in the decentralized finance (DeFi) ecosystem.
At its core, GOAT Network utilizes an Entangled Rollup Network and a decentralized sequencer model to provide improved transaction throughput while maintaining Bitcoin’s fundamental security properties. The network implements zero-knowledge proofs through its partner ZKM’s technology to ensure transaction validity and security. By offering EVM compatibility, GOAT Network allows developers to build applications using familiar Ethereum-style smart contracts while leveraging Bitcoin’s security model.
GOAT Network Airdrop Details
GOAT Network has implemented an airdrop program as part of its tokenomics structure, with 6% of the total GOAT token supply allocated specifically for airdrops to community members. Additionally, 42% of the token supply is designated for sequencer and community mining, and 1% for influencer partnerships, demonstrating a strong focus on community-driven growth and participation.
The project is currently in its Alpha Mainnet phase, allowing users to earn rewards through various activities on the platform. While the specific airdrop distribution mechanics and eligibility criteria continue to evolve, the project emphasizes active participation in its ecosystem through bridging assets, providing liquidity, and engaging with its dApps as key factors for potential airdrop qualification.
How to Farm the GOAT Network Airdrop
Getting Started with GOAT Network
- Prepare your wallets:
- Acquire the necessary assets:
- For BTC: Purchase from Binance and withdraw to your Bitcoin wallet
- For BTCB/DOGEB: Purchase BNB from Binance, withdraw via BSC network, then swap for BTCB/DOGEB on PancakeSwap
- Bridge assets to GOAT Network:
- Visit the official GOAT Network bridge
- Connect your wallet (Bitcoin or EVM wallet, depending on your assets)
- Enter the amount to bridge (minimum $50 worth for New User rewards)
- Confirm the transaction in your wallet
- It’s recommended to bridge BTC first to cover gas fees on GOAT Network
- Consult the official bridging guide for more information
- Alternative bridging option:
- Use Stargate Finance to bridge assets from Ethereum to GOAT Network
- Access the One Piece dashboard:
- Visit the One Piece dashboard and connect your wallet
- Enter invite code: UFUZCX
- Check out this official guide to learn more
- Start transacting on GOAT Network dApps:
- Refer friends
- Get your referral link from the One Piece dashboard and share with friends
- Complete the Galxe tasks for Social points
- Complete all tasks on Galxe
Latest Update: GOATible Launches Bitcoin NFT Marketplace with Inaugural NFTs
GOATible has launched a dedicated marketplace designed for Bitcoin NFTs, focusing on seamless minting, trading, and collecting experiences to make Bitcoin NFTs more accessible.
Inaugural NFT Release
To celebrate the launch, GOATible is releasing two exclusive inaugural NFTs:
- One NFT is currently available on Rarible
- The second NFT is available directly on the GOATible marketplace
Understanding GOAT Network’s Reward System
GOAT Network’s incentive structure features two distinct point systems:
GEC (GOAT Energy Cube):
- Tracks your overall growth and contributions on GOAT Network
- Recognizes marketing, community engagement, and on-chain activities
- Persists beyond the initial token generation event (TGE)
- Used for minting and updating NFTs on GOAT Network
- Determines eligibility for future airdrops and lucky draws
- Forms your Proof of Activity (PoA) score
GOAT Points:
- Focuses specifically on liquidity provision and trading activities
- Reflects your economic engagement within the ecosystem
- Will be converted to GOATED tokens after TGE
- Higher points correlate with greater potential rewards
Maximizing Your GOAT Network Airdrop
To optimize your potential airdrop rewards on GOAT Network, consider these strategies:
- Bridge the minimum recommended amount: Ensure you bridge at least $50 worth of assets to qualify for New User rewards.
- Diversify your activities: Engage with multiple dApps in the ecosystem rather than focusing on just one.
- Maintain consistent activity: Regular transactions are likely to be more valuable than sporadic large ones.
- Provide liquidity: Adding liquidity to protocols on GOAT Network can significantly increase your GOAT Points.
- Monitor official announcements: Stay updated with GOAT Network’s communication channels for new incentivized activities.
Eligible Assets for GOAT Network
The following assets can be bridged to GOAT Network to participate in its ecosystem:
- BTC (native Bitcoin)
- BTCB (Binance-pegged Bitcoin on BNB Chain)
- DOGEB (Binance-pegged Dogecoin on BNB Chain)
- USDT (via Stargate)
- USDC.e (via Stargate)
- WETH (via Stargate)
GOAT Network Ecosystem Overview
GOAT Network aims to become a universal Layer 2 solution by addressing key challenges in the Bitcoin ecosystem:
- Scalability enhancement: Increasing Bitcoin’s transaction throughput from approximately 7 transactions per second
- Cost reduction: Lowering transaction fees compared to Bitcoin’s Layer 1
- Smart contract functionality: Enabling complex DeFi applications through EVM compatibility
- Cross-chain interoperability: Plans to connect with Ethereum, TON, Cosmos, and other blockchains
- Decentralized ownership: Sharing network control with node operators rather than a centralized team
FAQs
What makes GOAT Network different from other Bitcoin L2 solutions?
GOAT Network distinguishes itself through its decentralized sequencer model and the integration of ZKM’s Entangled Rollup technology. Unlike many centralized L2 solutions, GOAT Network shares control with node operators, aligning with Bitcoin’s ethos of decentralization. Additionally, it offers real BTC rewards for staking rather than alternative tokens, appealing to Bitcoin maximalists.
When will the GOAT token be distributed?
While the exact date for GOAT Network’s token generation event (TGE) hasn’t been announced, the project is actively preparing for this milestone by tracking user participation through GEC and GOAT Points. After TGE, GOAT Points will be converted to GOATED tokens according to the project’s tokenomics plan.
How can I check my current points in the GOAT Network ecosystem?
You can view your GEC and GOAT Points by connecting your wallet to the One Piece dashboard. This dashboard provides a comprehensive overview of your activity and accumulated rewards within the GOAT Network ecosystem.
Is there a minimum amount required to participate in GOAT Network?
Yes, to qualify for New User rewards, you should bridge a minimum of $50 worth of eligible tokens into the GOAT Network. This ensures you receive BTC for gas fees and establishes your presence in the ecosystem.
Conclusion
GOAT Network represents a significant development in the Bitcoin ecosystem, offering enhanced scalability, smart contract functionality, and yield opportunities while maintaining Bitcoin’s security model. By participating in the GOAT Network ecosystem through bridging assets, providing liquidity, and engaging with its dApps, users can potentially qualify for future token airdrops and rewards.
The project’s Alpha Mainnet launch and ongoing campaigns demonstrate its commitment to building a robust Bitcoin Layer 2 ecosystem. With a focus on community-driven growth and a substantial allocation of tokens for community rewards, GOAT Network presents an interesting opportunity for those looking to actively participate in the evolution of Bitcoin’s utility beyond a store of value.
For the latest updates and developments, following GOAT Network’s official channels is recommended, as the project continues to expand its ecosystem and introduce new features and opportunities for participation.
You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
Don't forget to follow us on Twitter, Telegram, & Facebook and subscribe our newsletter to receive new airdrops!Estimated Value
n/a
Tokens per Claim
n/a
Max. Participants
Unlimited
