GOAT Foundation unveils $GOATED token with 1 billion supply and mining rewards
The GOAT Foundation has announced the launch of its native cryptocurrency, $GOATED, designed to power the GOAT Network, a Bitcoin Layer 2 solution leveraging ZK Rollup technology. The token will serve as both a governance tool and a reward system, with up to 40% of its supply allocated to mining rewards.
Tokenomics and supply distribution
The $GOATED token has a total supply capped at 1 billion tokens. Of this, 10.43% equivalent to 104.3 million tokens, will be unlocked on the token generation event (TGE) day for trading. The remaining supply is strategically allocated to various ecosystem initiatives to promote growth and sustainability.
A significant 40% of the total supply is reserved for mining rewards, designed to incentivize activities such as sequencer mining, ZK proof verification, and contributions to the ecosystem. This allocation underlines the foundation’s commitment to encouraging active participation and securing the network.
Additionally, 23% of the tokens are allocated to the team, contributors, future employees, key partners, and advisors. These tokens will follow a vesting schedule, with a 12-month cliff and an 18-month linear release period, ensuring alignment with long-term project goals.
Early supporters of the ecosystem will receive 15.58% of the tokens, also subject to a cliff and vesting period. Another 15% is allocated to an on-chain treasury, which will fund initiatives such as liquidity provision and ecosystem development.
Airdrop and community incentives
To engage the community and encourage adoption, 7% of the $GOATED token supply is set aside for airdrops. These tokens will be distributed to users based on prior snapshots, rewarding those who have demonstrated active participation and commitment to the network.
The foundation has emphasized that the airdrop is part of a broader strategy to foster community involvement and expand the ecosystem’s reach.
Building a sustainable ecosystem
The GOAT Foundation’s tokenomics reflect a deliberate approach to creating a decentralized and sustainable ecosystem. By distributing tokens across mining rewards, team incentives, and community engagement, the foundation aims to ensure the long-term success of the GOAT Network.
As the project moves forward, additional details about the token’s governance and utility are expected, providing further opportunities for the community to benefit from the ecosystem’s growth.
-
16:18
-
16:10
-
15:54
-
15:49
-
15:38
-
15:24
-
15:16
-
14:51
-
14:36
-
14:23
-
13:56
-
13:45
-
13:32
-
11:55
-
11:49
-
11:36
-
11:18
-
11:16
-
10:56
-
10:34
-
09:54
-
09:37
-
09:17
-
08:55
-
08:35
-
08:18
-
07:57
-
07:37
-
07:20
-
07:02
