Today we’re proud to announce GOAT Foundation, an independent entity that will support GOAT Network. GOAT Foundation will help GOAT Network achieve its goal of advancing the Bitcoin ecosystem by scaling Bitcoin performance and enabling sustainable BTC yield, while inheriting native Bitcoin security.
GOAT Network is the first Bitcoin-native ZK Rollup engineered to enable sustainable, native BTC yield through a breakthrough combination of the fastest production-ready zkVM, a practical BitVM2 challenge model (reducing the challenging period from 14 days to less than 1 day), and Bitcoin’s first Decentralized Sequencer network.
Addressing the wants of BTC holders seeking transparent, risk-adjusted performance, GOAT features a full BTCFi product suite spanning earning, trading, and playing. Its novel economic design enables trustless yield generation from gas fees, MEV, and miner rewards—eliminating reliance on unsustainable token farming.
One of the biggest upcoming milestones for GOAT Network will be the launch of its native token, $GOATED. To summarize the utilities of the $GOATED token, please see the following graphic:
The $GOATED Token plays a critical meta-layer role on GOAT Network. Its use on GOAT Network unlocks utilities, spanning across several key functions, as shown in the diagram:
For parties interested in becoming sequencer node operators, this would be an additional utility for $GOATED:
Note that some additional functions, such as Boosting Returns and Earning goatBTC mint/redeem fees, won't be available until some time after TGE, and will depend on additional factors.
For more details on the broader GOAT economic model and $GOATED token utilities, visit https://www.goat.network/btc-sustainable-yield-network-economics
GOAT Foundation Disclaimer — Forward-Looking Statements
When we talk about what GOAT Network intends to do or might do in the future, we are sharing our current vision and goals. These statements, including any contemplated and intended utilities, are not promises, and there is no guarantee that we will carry them out, that they will work as intended, or that conditions will remain the same. Technology changes quickly, and so do the factors that affect our plans. Any expectations or predictions may prove wrong. Always check the date of this information—after that, the facts, assumptions, or circumstances may have changed significantly. The implementation of these items may be subject to the execution and performance of definitive, binding agreements with respective counterparties, as well as applicable legal, regulatory, and technical conditions. Please review the GOAT Terms and Conditions at https://www.goat.network/termsofuse
With the $GOATED TGE on its way, it’s time to introduce $GOATED’s tokenomics.
By far the largest percentage of $GOATED lifetime supply will be reserved for the GOAT ecosystem’s Mining Pool.
That Mining Pool covers:
Sequencer Mining: GOAT Network is the first Bitcoin ecosystem blockchain to introduce a Decentralized Sequencer model. Instead of one entity (usually the foundation that owns and oversees the chain) controlling all network operations and reaping all network revenue, GOAT Network shares both network operations and revenue with a network of Sequencer Node operators. These Sequencer Node operators perform a range of duties, including producing blocks, batching transactions, and more. In exchange for those services, GOAT Sequencer Node operators earn rewards, paid in both BTC, and $GOATED tokens.
zk Proof Verification: One of the biggest challenges facing any project’s ability to build and scale a Bitcoin zkRollup is how to properly incentivize all key stakeholders. A zkRollup model must include a Sequencer, Prover, Publisher, and Challenger. But if those roles come with unequal rewards, the system breaks down. GOAT Network introduced a zkRollup economic model that designs rotating roles and thus balanced incentives for all those stakeholders – while also solving for latency issues and other challenges. Read the GOAT Network zkRollup Economic Paper to learn more about how $GOATED rewards are shared among different parties in the zk Proof Verification process: https://www.goat.network/bitcoin-zk-rollup-economic-paper
Ecosystem Contributors: Blockchain is a highly competitive industry, one that requires the right incentives to attract both top-notch builders, and the users that every chain needs to flourish. With that in mind, a portion of the overall Mining Pool rewards are earmarked for both dApp builders and users, via activities ranging from providing liquidity to staking, farming to borrowing and lending, and more. You can check out the GOAT Network ecosystem of BTCFi, Gaming, Infrastructure, and other dApps here: GOAT.network/ecosystem
This allocation is reserved for the core team at GOAT Network, the core team at GOAT Network’s sister project/tech stack builder ZKM, the future employees the company plans to hire as it grows and scales, and select key partners and advisors who bring valuable counsel and visibility to the project. All of these allocations are governed by long-term vesting that’s designed to align incentives with the company’s sustained growth and integrity.
Incubating a blockchain requires heavy development work, at a time well before operational revenue begins to flow. As such, early backers/investors serve as important and necessary partners to help bring early ideas to fruition. In the case of GOAT Network, this includes Pre-Seed investments dating back to 2023 and Seed investments from early 2024. As with team and core contributor allocations, investors are subject to vesting schedules, to ensure aligned incentives for all parties.
Initial funds for the onchain treasury that can be used to fund initiatives, liquidity provision, ecosystem incentives.
This pool of tokens gets unlocked based on prior snapshots, incentivizing user adoption and community participation.
The vesting/unlock schedule for the $GOATED token takes into account both immediate utility on TGE Day and the long-term health, stability, and growth of both GOAT Network and its native token.
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Immediate utility at TGE: 10.43% of $GOATED’s lifetime supply of 1 billion tokens unlocks on TGE Day. This unlock is necessary to ensure active user participation in GOAT Network, by way of dApps and other key onchain protocols having ample liquidity and incentives to offer to users.
Gradual Release for Long-Term Alignment: The majority of $GOATED allocations follow a gradual release schedule, with cliff periods and vested linear unlocks.
Team members, core contributors, key partners and advisors, are subject to a 12-month cliff, followed by an 18-month linear vesting period.
Pre-Seed investors receive 6% of their allocation on TGE Day, followed by the same 12-month cliff/18-month linear vesting period as team and core contributors.
Seed investors receive 6% of their allocation on TGE Day, followed by a 6-month cliff/12-month linear vesting period.
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