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GOAT Network Launches Foundation and 1B GOATED Token for Bitcoin zkRollup

GOAT Network Launches Foundation and 1B GOATED Token for Bitcoin zkRollup

Binance Alpha introduces GOAT Network with $GOATED token priced at $0.175 and a market cap of $18.4 million, offering eligible users an airdrop of 375 tokens valued around $65.

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Fact Check
The statement is fully supported by the provided evidence. Multiple sources, including crypto news outlets and the official project website, corroborate that the GOAT Network (a Bitcoin zkRollup) has launched a foundation and a token named $GOATED with a 1 billion supply.
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Summary

According to Binance Alpha’s official announcement, GOAT Network has launched with its $GOATED token initially priced at $0.175 and a market capitalization of $18.4 million. Eligible users can claim an airdrop of 375 GOATED tokens, worth approximately $65 at the current price. This development follows the GOAT Foundation’s earlier reveal of the token generation event to power its Bitcoin zkRollup network, with GOATED functioning as both a governance and reward mechanism.

Terms & Concepts
  • zkRollup: A Layer 2 scaling solution that bundles multiple transactions off-chain and publishes a zero-knowledge proof on-chain for security and efficiency.
  • MEV (Maximal Extractable Value): The maximum value miners or validators can extract from transaction ordering beyond standard block rewards and fees.
  • Sequencer: A network role responsible for ordering and batching transactions before submitting them to the blockchain in rollup systems.