As a seasoned researcher with years of experience in the ever-evolving world of cryptocurrencies, I find myself constantly intrigued by the dynamic nature of this market. The recent surge in Bitcoin‘s price and the influx of institutional capital have been nothing short of breathtaking. However, it’s the advent of Bitcoin DeFi that truly excites me.
Currently, the crypto market is overflowing with excitement as Bitcoin surpasses the $100,000 mark. This surge can be attributed to over $33 billion being invested in the largest cryptocurrency via spot Exchange-Traded Funds (ETFs).
As institutional investment and a pro-cryptocurrency government push the value of the leading cryptocurrency to unprecedented levels, ordinary investors are flocking towards alternative cryptocurrencies such as Dogecoin. This influx is bringing the overall market cap of all cryptocurrencies close to hitting $4 trillion.
Despite Bitcoin’s high six-digit value, it leaves certain individual investors feeling excluded financially. However, the emergence of Bitcoin Decentralized Finance (DeFi) offers these investors an opportunity to participate in this $1 trillion digital asset market as a form of value storage.
This year, the popularity of Bitcoin DeFi has skyrocketed, growing from a mere $300 million in total value locked (TVL) to an impressive $3.58 billion. The path to unleashing even more potential for Bitcoin involves developers turning BTC into an active asset, enabling anyone who owns BTC to utilize it and receive returns.
An influential initiative that’s moving us towards this state is the Bitcoin Layer 2 GOAT Network. This network doesn’t just give rewards to BTC owners, but also to those who hold the original meme coin DOGE. This way, a larger group of crypto enthusiasts can join in on the process of creating and safeguarding wealth. It’s worth noting that Bitcoin’s triple-digit percentage growth this year and its over 500% upward trend since its November 2022 low have outperformed most significant altcoins.
As a researcher delving into blockchain technologies, I am currently focusing on the Groundbreaking Open Access Technology (GOAT) Network. This innovative system is designed to enhance scalability and transaction efficiency at Layer 1. In preparation for our mainnet launch, we are actively conducting a pre-mining campaign.
The “Early GOAT” Pre-Mining initiative allows holders of both Bitcoin (BTC) and Dogecoin (DOGE) to reap substantial Bitcoin mining rewards. This unique system, where you can stake both BTC and DOGE to acquire BTC mining rewards, was recently introduced by the project following the public launch of the GOAT testnet.
Individuals who contribute either Bitcoin (BTC) or Dogecoin (DOGE) will receive an Annual Mining Rewards Rate exceeding 30%. These rewards are distributed in both Bitcoin and GOAT points. This allows users to grow their Bitcoin reserves, which, unlike newer and flashier currencies, may prove more advantageous for consistent long-term prosperity.
Right now, the campaign is active! You can participate by navigating to our official site, goat.network/premining, to begin adding to either our Bitcoin pool (operational on the primary Bitcoin network) or our Dogecoin pool (running on the BNB Chain).
During the “Early GOAT” Pre-Mining campaign, which precedes the L2’s mainnet launch, there is a time-limited offer for enhanced rewards. The project has limited these pools to 20 Bitcoins and 5 million Dogecoin tokens each. Once these amounts are reached, no further deposits will be accepted.
Through this initiative, GOAT Network is preparing BTC and DOGE investors for the upcoming developments in early 2022, since they are gearing up for the mainnet release.
After GOAT’s mainnet launch, users can deposit Bitcoin (BTC) or Dogecoin (DOGE) into any of GOAT’s sequencer nodes, thereby contributing to the network’s security and receiving a continuous return in Bitcoin.
Once the mainnet is activated, users stand to gain additional Bitcoin rewards through the use of BTCFi and MemeFi applications. This marks the beginning of an innovative period for sustained Bitcoin income generation, further propelling the growth of Bitcoin Decentralized Finance (DeFi) at an accelerated pace.
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2024-12-09 20:20