GOAT Network, a Bitcoin Layer 2 solution, has officially launched its Early GOAT pre-mining campaign, providing Bitcoin (BTC) and Dogecoin (DOGE) holders an opportunity to earn BTC mining rewards ahead of its mainnet launch in Q1 2025.
The campaign, which went live this week, offers mining rewards exceeding 30% annual MRR (Mining Rewards Rate), paid in BTC and GOAT points. Interested participants can access the pre-mining campaign through premining.GOAT.network and contribute to either of two pools:
- BTC Pool: Live on Bitcoin’s Layer 1 network.
- DOGE Pool: Operates on Binance Smart Chain (BNB Chain).
To streamline participation, users can access and contribute directly through the GOAT Network website.
Key Details of the GOAT Network Pre-mining Campaign
The Early GOAT pools have capped limits of 20 BTC and 5 million DOGE tokens, making it a limited-time opportunity for early adopters to earn boosted BTC rewards.
GOAT Network aims to prepare BTC and DOGE holders for its alpha mainnet launch, scheduled for Q1 2025. Once live, the mainnet will introduce a unique dual-staking mechanism, enabling users to lock up BTC or DOGE to secure the network while earning sustainable BTC yields.
“With BTCFi gaining momentum, this campaign provides users a chance to capitalize on their BTC and DOGE holdings while supporting the decentralization of our Layer 2 network,” GOAT Network stated.
Supporting Bitcoin DeFi (BTCFi) and MemeFi
The campaign is part of GOAT Network’s broader vision to expand Bitcoin DeFi (BTCFi) and MemeFi ecosystems. A growing number of decentralized applications (dApps) built on GOAT will offer additional ways for users to enhance their BTC rewards through various DeFi use cases.
GOAT Network distinguishes itself by pioneering a sustainable BTC yield model, underpinned by decentralized sequencers. Sequencers are responsible for executing transactions and securing the Layer 2 network, and GOAT Network allows anyone to participate by securely locking BTC and DOGE on Bitcoin Layer 1.
Future Plans
This month, GOAT Network is set to become the first Bitcoin Layer 2 network to launch with multiple sequencer nodes, enhancing decentralization ahead of its public mainnet debut. Once fully operational, the network will allow BTC and DOGE holders to participate in dual-staking, earning BTC rewards while contributing to network security.
The Early GOAT campaign marks the first step toward this decentralized vision.
How to Participate
- Visit premining.GOAT.network.
- Choose between the BTC pool or DOGE pool.
- Supply your tokens and start earning BTC rewards.
With BTC’s price surpassing $100,000 and interest in Bitcoin DeFi surging, GOAT Network’s initiative aligns with the growing demand for yield-generating opportunities in the crypto space.