“The art of questioning is to ignite innovative thinking.”
GOAT is a multi-chain farming-as-a-service memecoin with a game changing twist: it'll be emitted through an OHM Fork. During the first 33-Days (emission phase), asset bonding will be available at discounts, and we truly recommend stacking assets to accumulate as much of them as you can before the Aconcagua Update.
Well, simple enough: treasury funding.
Selling bonds allows the treasury to raise as much money as it can during emission. DeFi 3.0 is at the verge of being actually real, but most farming projects fail to deliver good, consistent rewards to it's holders as taxes aren't enough to fund a competent treasury. Our system solves this. As the 33 days go by the treasury keeps getting fatter and fatter from the bond selling, assuring big farming yields that translates into big, juicy dividends.
Fair distribution - With no dev team allocation (except from Goat DAO tokens, which we won't sell any time soon) and no VC seed rounds, every token of the total supply will be free to purchase by any user that wants to.
Fair launch - There will be an initial bonding period to raise liquidity. During this time, users won't be able to bond for more than a certain percentage of the total supply to avoid whales and early dumpers. That percentage will be raised once the protocol has enough liquidity to launch the trading pair.
Unnecessary taxes - Since operations wallet will be funded with a 10% of every bond sale, future marketing will be payed with Goat DAO profit taking, and a memecoin doesn't need protocol owned liquidity (even though we have plans to accept LP's as bonds during early stages), almost every single penny from tax income will go to the treasury.
WTF is Aconcagua Update?
Is the transition between our emission phase and the multi-chain farming revenue.
With all of our supply fairly distributed and the treasury already generating yield with cross-chain farming strategies, MIM (Magic Internet Money) cash dividends will start to drop daily on the holders wallets. We will harvest and distribute these rewards once per day based on how much of the supply each holder owns. The total distributed per day will be displayed on our dashboard alongside with our treasury balance and allocation, and a few other useful metrics.
Despite our degen souls, yield farming can be pretty risky depending on market conditions, so reward distributions can eat up the treasury. That means that even if the treasury is solvent enough, it will need some kind of income to secure its stability.
So, as bonding won't be available anymore, we will implement a 15% tax on every transaction. 90% of this tax will go directly to the treasury wallet. We can do that because our emission phase has already provided both protocol owned liquidity and an operations budget. However, as time passes and the project scales, our operations fund must grow accordingly, that's why the remaining 10% (i.e 1.5% per transaction) will be going to the DEV Wallet so we can continue to keep up with the roadmap without having to market sell Goat DAO tokens.
Initially, all strategies will be decided by our Privacy Team, mainly to make the transition as smooth as possible and preserve the treasury until the community grows big enough. That's when the Vox Populi Update enters the field.
We believe in decentralization. Not a utopian one, though. In order to win over centralized finance and bring power back to the people, DeFi needs great leaders, founders and teams that can turn ideas into concepts into solutions.
Then, and only then, real decentralized governance comes into play. Until now, we've seen both sides: good teams being able to ship but not to give up power, and strong communities not being able to ship due to a lack of strong teams that carry the idea through. Let's change that.
Let me tell you about Vox Populi Update
As this ancient Latin proverb says: The Voice of the People is the Voice of God.
The Vox Populi Update is the day Goat Money starts belonging to God. And yes, by that we mean Governance.
We will implement a governance system on Goat DAO to propose and vote on farming strategies and future features when holders decide the best options to increase their income as we continue adding value to our products 👀👀. This way we guarantee transparent decision-making and long-term longevity.
Mainnet launch coming soon on Avalanche.
Future is bright, fellow grass lovers, don’t fade it.
See you soon,