GOAT Network introduced in summer 2024 as a Bitcoin Layer 2 network, designed to bring sustainable yield to BTC holders, while inheriting the native security of Bitcoin Layer 1.
We built a model to transform BTC from a passive asset that could only be bought or mined, into an active asset, one you could ape into every kind of decentralized finance dApp, or even use to secure a blockchain network.
Launched in 2009 as a wholly decentralized token, Bitcoin has never had a team or Foundation to rule over its use. Before it grew to become the largest, most established, most famous crypto coin, it was simply a great idea, one built to harness the power of community, and unite people from all walks of life behind a common cause.
In all of these ways, Bitcoin launched as the earliest prototype for a memecoin. Today, we can call it something else.
It’s not alone. There’s another asset out there that launched as a memecoin many years ago. It too has evolved, becoming bigger, more established, an idea that crossed over to the mainstream but remained rooted in the power of community. It’s even built with the same token standard as Bitcoin.
Despite all of that growth, this coin, like Bitcoin, has struggled to find broader use cases. This coin, like Bitcoin, has mostly remained something you can buy, hodl, and vibe with. It too can be considered The People’s Coin.
Today, our GOAT Network team is building a bigger tent. In addition to transforming Bitcoin from a passive to an active asset, we’re going to do the same with everyone’s favorite furry crypto friend.
Welcome to the party, Dogecoin.
And welcome to GOAT Network, Home of the People’s Coins.
Let’s go back for a second, and say it again: The most successful asset of our lifetime, the one that’s minted millionaires, beaten back the vicious force of inflation around the world, and changed so many people’s lives, started as a memecoin.
Sure, Bitcoin doesn’t have a picture of a cute animal as its logo. But when it launched in 2009, it was merely a big idea, dreamed up by an anonymous visionary, high-mindedly designed to one day change the way people see money, but without much real utility in the earliest days of its existence.
This was a feature, not a bug. At their heart, memecoins are designed to grow a following by channeling the power of community. A memecoin purchase of any size, from a buck to a million bucks, buys you a ticket into that community. It’s a place where profits are a huge goal, but vibes can be just as important.
The most successful memecoins have flourished because the vibes surrounding them are immaculate. Because their communities welcome you for being you. They exist, and thrive, for the people.
Today, Bitcoin has been adopted by many of the largest and most influential forces in the world. Billionaires hoard it in cold wallets buried in underground caverns. Sovereign nations stake their entire financial health and reputation on it. Iconoclasts become legends for continuing to buy it (and refusing to ever sell it), external conditions and market timing be damned.
But even at record-high prices, with some of the largest financial institutions aping in as its market cap approaches $2 Trillion(!), Bitcoin was, is, and will remain The People’s Coin.
It’s buyable even in tiny units (called SATs), giving anyone a chance to own it.
It offers people a potential path to financial independence and self-sovereignty, an alternative to brutal governmental economic policies that stoke inflation and crush the utility of fiat currencies.
And it’s wholly decentralized, with no team governing its use case, no overreaching Foundation or intrusive VCs putting their own interests above those of the community.
The next phase of Bitcoin’s evolution is enabling people to do more than simply buy it, or mine it. With our one-of-a-kind economic model, GOAT Network is empowering BTC to become the heart of a powerful DeFi ecosystem, the heart of a powerful DeFi ecosystem, as well as an asset you can supply to secure our entire network, in the process lifting up other members of the community.
Now, we are enabling DOGE holders to gain all the same benefits as BTC holders.
We see memecoins like DOGE as a way to help us build a nurturing, mutually supportive environment, one driven not by a rush to claim a one-time airdrop that inevitably disappoints, but by something deeper.
We’re building a community that empowers you to unlock your greatness. Where your wins are everyone’s wins. Where every time you do anything on-chain, you’re building consensus, and growing the pot for everyone.
From day one, DOGE has fostered a similar spirit of camaraderie and unity, where everyone rallies behind a common goal.
With no governing team or Foundation, a long, colorful, and wildly successful history dating back 11 years, and a community vibe so strong there’s now a U.S. government agency named after its powerful meme, Dogecoin is every bit the People’s Coin that Bitcoin is.
Moreover, the two People’s Coins share similar origins, with Dogecoin heavily baked into Bitcoin’s tech. They both run on the same token standard. Like Bitcoin, Dogecoin used to have halving events; it doesn’t anymore, but it’s still mined using the same technology stack (hash rate) as Bitcoin.
As with Bitcoin, Dogecoin is ready for the next phase of its journey. And we want to give back to the DOGE community just as do to the BTC community, to recognize the amazing culture that both have developed over the years.
When we launch GOAT Network mainnet (very thoon!), anyone will be able to supply DOGE into one of our sequencer nodes, earning sustainable yield payable in BTC…exactly the same way anyone will be able to supply BTC and earn BTC.
But wait, there’s more! GOAT Network will soon introduce a suite of MemeFi dApps that will give anyone the ability to earn greater rewards on their DOGE, the same way you would with ETH or stablecoins.
That’s what we mean by GOAT Network becoming Home of the People’s Coins.
Other chains have BTC and DOGE on them too. But GOAT Network is the place where you’ll be able to do the most with BTC and DOGE. It’s the place where these vibes-bearing coins will be used to secure a network, build consensus, and form a strong community, one relentlessly working toward a common goal.
Every time you supply BTC or DOGE into a GOAT Network sequencer node, every time you transact on our network, every time you swap, farm, perp, or perform any other task on GOAT using one of The People’s Coins, you’re pumping your own rewards and at the same time strengthening our community…your community.
So, friends…
Are you pumped to finally have a place to put your DOGE to work? Mesmerized by the idea of supplying DOGE to grow your Bitcoin(!) stack? Want to learn more about GOAT Network, Home of The People’s Coins?
Follow us on X, and join our Telegram community for all the latest happenings. We will soon announce a pre-mainnet campaign that will enable suppliers of both BTC and DOGE to earn tasty rewards. You won’t want to miss it.
LFG!
Wait, wait, let’s try that one again.
LFGOAT!
