GOAT Network is a Bitcoin-connected Layer 2 with EVM-compatible execution. Its current ecosystem token is GOATED; native BTC, not GOATED, pays transaction gas on the network. The CoinGecko market entry also tracks a BNB Chain token contract, so confirm the chain and contract as well as the ticker before sending or trading.
Market Data Snapshot
| Metric | CoinGecko snapshot |
|---|---|
| Ticker | GOATED |
| Price | $0.01521 USD |
| Market capitalization | $1.59M USD |
| 24-hour change | — |
| Circulating supply | 104.348M GOATED |
| Maximum supply | 1B GOATED |
| Network | GOAT Network; CoinGecko also tracks a BNB Chain contract |
| Contract | GOAT Network: 0xbC10000000000000000000000000000000000001; BNB Chain: 0x5d7909f951436d4e6974d841316057df3a622962 |
Network and token roles
The network supports familiar EVM tooling while using Bitcoin as its native gas asset. GOAT Network documentation describes its execution environment as a Type-1 zkEVM and identifies Ziren as its proving system. The docs also describe a BitVM2-based bridge and Bitcoin settlement. These are the project’s current technical descriptions; a design description alone is not independent proof that every bridge or application is risk-free.
GOATED and BTC have separate functions. According to the project FAQ, GOATED supports governance, staking, and ecosystem incentives. Staking is described as supporting decentralized sequencing; sequencers process transactions and earn fees denominated in BTC. Users still need BTC for network gas. The network therefore belongs in discussions of Bitcoin Layer 2s and Bitcoin DeFi (BTCfi), while its market token is not the gas coin.
Tokenomics
The project FAQ and CoinGecko list a total and maximum supply of 1 billion GOATED. CoinGecko’s current circulating figure is a dated market-data snapshot and can change as tokens vest or enter circulation. The FAQ identifies 40% for mining and ecosystem rewards, 23% for the team and partners under a 12-month cliff and 18-month vesting schedule, 15.58% for early supporters under vesting, and 7% for community airdrops. Those listed categories do not add up to the full supply, so this summary is not a complete allocation table.
Do not read the GOATED ticker as a promise that the token pays gas or that returns are guaranteed. Bridge design, sequencer decentralization, vesting, market liquidity, and smart-contract risk are separate questions to investigate.
Related Terms
See Also
- How Do Crypto Bridges Work — And Why Are They Such a Hack Target?
- Bitcoin as Collateral: Bank Loans, Mortgages, and DeFi Explained
- Are Layer 2 Networks Actually Decentralized?
Trade crypto with ChangeNOW — This referral link may earn the site a commission; review the provider terms before using it.
Sources
- CoinGecko — GOAT Network (GOATED) — Confirms the current GOATED listing, market snapshot, circulating supply, maximum supply, and separate BNB Chain and GOAT Network contracts.
- GOAT Network token FAQ — The project explains GOATED utility, BTC gas, supply, and selected allocation and vesting figures.
- GOAT Network execution environment docs — Describes EVM execution, BTC as native gas, Ziren proofs, and Bitcoin settlement.
- GOAT Network contracts — Lists the native GOATED contract and other deployed network contracts.