GOAT Network Establishes Foundation, 7% of GOATED Tokens Allocated for Airdrop

Foresight News reports that Bitcoin-native ZK Rollup GOAT Network has announced the establishment of a foundation and the release of its token, GOATED. The total supply of GOATED is 1 billion, with 39.42% allocated for mining pool rewards (covering incentives for roles such as Sequencer, Prover, Challenger, etc.), 7% allocated for airdrops, 15% reserved for the treasury to support ecosystem incentives and liquidity, 15.58% distributed to early supporters, and 23% allocated to the team and advisors. GOATED can be used for staking to enhance returns, incentivizing developers and users, strengthening node sorting rights, and granting governance rights to holders. GOAT Network is a Bitcoin-native zkRollup that builds a sustainable revenue model through gas fees, MEV, and miner rewards, avoiding reliance on inflationary tokens. The GOAT Foundation will act as a coordinator to ensure smooth execution of ZK proof verification and role rotation mechanisms, making revenue distribution transparent and balanced.