lianyanshe

The Alpha I brushed in the evening is profitable, what's going on 😂

In the cryptocurrency group, there are 100 messages a day, in the US stock group, there are thousands of messages a day that you can't even keep up with. What kind of outrageous increase is this from Circle?

How can a war be beneficial for stablecoins? 😳

$CRCL

Lista DAO, as an emerging decentralized finance (DeFi) protocol on the BNB Chain, is experiencing rapid growth, with TVL surpassing $2 billion in the short term, becoming one of the top 3 DeFi projects on the BNB Chain. Through a trinity of liquid staking, decentralized stablecoins, and P2P lending, it forms an efficient capital closed loop. It has also received a $100 million incentive program from the BNB Chain, and the BNB Chain Foundation wallet purchased $100,000 worth of $LISTA.

Here are the details👇

Roam Ecosystem Analysis: Staking (Up to 200% Annualized) , Lockup (Free Global Data Package), Reverse Burn Arbitrage, and Premium eSIM Full-Function Communication Solutions
➤ Detailed Explanation of Staking and Lockup
Staking Function
🔹Roam's staking pool is divided into a regular pool and a miner pool. Regular users staking $ROAM can earn an annual percentage yield (APY) of about 50%, while the miner pool can reach an APY of up to 200%, with an additional acceleration reward of 20%-30%. The miner pool is primarily aimed at node operators, incentivizing them to expand Roam's DePIN network infrastructure.

🔹The current locked amount in the regular staking pool exceeds one million $ROAM, with an APY in the range of 15%-50%. The miner pool has a smaller locked amount but a higher APY, reaching up to 200%.

Lockup Function

🔹Users can lock $ROAM for 28 days to receive a free global roaming data package. For example, locking 100 tokens provides 5GB, 200 tokens provide 12GB, and 500 tokens provide 30GB of data traffic.

🔹Lockup not only reduces the circulation of tokens but also allows users to directly experience Roam eSIM services, promoting their conversion into paying users.

🔹Data coverage in over 180 countries, with 4G/5G networks that are unlimited and do not reset, which is very attractive.

Web3 Entertainment Community MEET48 Token $IDOL Successfully Launched on Binance Alpha and Major Exchanges. It is the world's first economic ecosystem focusing on the entertainment field with AI-Agents and AIUGC creators and fans, valued at 100 million USD, backed by prominent institutions such as Liang Xinjun, Co-Founder of Fosun Group, Hash Global, HashKey Capital, Animoca, and others.

Through the "Idol Cultivation" and "Fan Economy" models, it introduces MEET48's mass adoption of Web3 through entertainment from three aspects.

The 'Useless Use' of Pop Mart Has Become the Greatest Value

We have always recognized paying for material things, but the emotional economy is rapidly developing and growing. Generation Z has long been free from material anxiety; the essence of the emotional economy is the spiritual necessity in an age of material surplus.

When functional needs are fully met, the core of consumer decision-making shifts to emotional identification and the construction of a sense of existence. The success of Pop Mart reveals that:

​Products are Media​: Creating space for user emotional projection through IP blank spaces.
​Consumption is Experience​: Making the shopping behavior entertaining, ritualistic, and the experience of rare blind box items is unique.
​Brands are Communities​: Strengthening user sense of belonging through UGC and subcultural dynamics, with celebrities promoting products.

As the emotional economy market grows, who can say that flipping sneakers, flipping NFTs, playing memes, and the millet economy don't count?

The success of Pop Mart is not an isolated case, but a reconstruction of consumption logic in an era of material surplus. As the functional value of products gradually takes a backseat, the narrative ability of cultural symbols and the scarcity of emotional resonance are becoming the core driving forces of the new consumption era. Yet, I still cannot discern what kind of emotional products are good products.

ICN: The financial backer behind Xiaomi bets on Web3 full-stack cloud. What is the strength of the 470M valuation?

At the end of May, ICN (Impossible Cloud Network) @ICN_Protocol announced that it had received strategic investment from NGP Capital, with a valuation of US$470 million. Many people's first reaction was: "Xiaomi invested in Web3?" Although this was not a direct move by Lei Jun, it was made by NGP Capital, the hard-core fund that had bet on Xiaomi, Helium, and WorkFusion. This means that ICN is not a storytelling project, but a real infrastructure player favored by traditional hard-core capital.

➤ What is ICN? Why is it favored by long-term institutions?
ICN is positioned as a full-stack decentralized cloud, dedicated to building the infrastructure layer of the decentralized Internet, a permissionless, composable cloud platform that integrates storage, computing, and networking. It not only provides Web2-level performance and experience, but also has the anti-censorship and community-driven characteristics of Web3, challenging the monopoly of centralized giants such as AWS and Google Cloud.

➡️This is not an abstract vision, but a project that has been implemented in the European market:

- Revenue strength: In 2024, ICN has achieved an annual revenue of 5 million US dollars, serving 1,000+ corporate customers, with a growth rate of over 2,000%. The reserve order exceeds 250PB, the real-time operation storage is 50PB, and 20-50 million files are processed daily, which has real market verification.
- Leading position in Europe: As the fastest growing cloud service provider in Europe, ICN was founded by serial entrepreneurs. The founder Kai Wawrzinek has the experience of listing on the Nasdaq of Goodgame Studios, and the team has received 31 million US dollars in financing (1kx, Protocol Labs, etc.).
- Community and nodes: With 250,000+ community members and 220,000+ test network users, its HyperNode + SLA Oracle model encourages participation through high-first-low-last rewards (18.4% released in the first month), and node sales revenue exceeds 12 million US dollars.
- Future plans: The mainnet and $ICNT tokens are expected to be launched in Q2 2025. It has been confirmed that multiple centralized exchanges support it. The brand is active in global events such as PBW and Token2049.

Unique highlights: ICN is called "AWS of Web3" not only because of its full-stack architecture, but also because it has achieved commercial results before the token is issued. Compared with the closed systems of Web2 giants, ICN provides an alternative that is censorship-resistant and has a low threshold;Compared with other DePIN projects, ICN's multi-business integration and B2B verification are more competitive.

➤ Comparison and economic model of ICN and other DePIN projects
Compared with "point-like projects" that only focus on a certain resource (such as Filecoin is limited to storage, Akash/IO.net focuses on computing power), ICN has chosen a more difficult but more valuable route-to be a "decentralized AWS" with a unified architecture and modular composability:

In addition, the HyperNode + SLA Oracle double-layer structure proposed by ICN also refreshed the node model, encouraging the community to participate in platform construction by "contributing resources to get profit sharing", opening up channels for future B2C expansion.

Economic model:
The total supply of $ICNT is 700 million (700,000,000), which is expected to be gradually released within 60 months (5 years). Node rewards, ecological development, and team allocation all adopt a decreasing or linear release method to avoid excessive selling pressure in the short term. The team and investors will not unlock in the first 12 months, reflecting long-term commitment.

➤ Outlook for the next stage of the DePIN track
The DePIN track is moving from single functions (such as storage and computing power) to full-stack infrastructure. ICN has seized this trend, especially when AI and data services place higher demands on computing power and architecture. Decentralized cloud has become the "water, electricity and coal" of Web3 due to its low cost, strong elasticity and high controllability, and is an indispensable infrastructure.

Potential of ICN:
🔸Full-stack vision: The integrated design of storage + computing power + network makes ICN a "one-stop" solution for developers and enterprises, and may support decentralized AI, social and other scenarios in the future.
🔸Community-driven: Through node dividends and $ICNT tokens, ICN promotes B2C growth, similar to the bottom-up model of the Bitcoin miner community.
🔸Challenge Web2 giants: ICN's ultimate goal is to compete with AWS and Alibaba Cloud, provide enterprise-level services in a decentralized way, and avoid censorship and lock-in risks.

Conclusion: Web3's cloud should not be defined by Web2 giants

ICN is promoting a less noisy "infrastructure revolution". It is not about improving a certain functional module, but rebuilding the entire technical foundation. It makes people think again: Should the decentralized world also have its own AWS?
We have all witnessed Xiaomi's investment story. Today, its investors are investing in a new future in Web3.

⏰The project TGE is coming soon, and some current participation angles are for reference: the previous Galxe Galaxy mission has ended, you can pay attention to the HyperNode plan and participate in the low-threshold node construction; or participate in social posting.

Log in to the official website: /world.icn.global Select the country and link the wallet and Twitter. Try to use the old wallet to link, because it involves the anti-witch Github score test, remember to mark#ICNTWorldDominationwhen posting

If you are interested, you can follow the official @ICN_Protocol or Chinese @ICN_China to learn more about the latest developments of the Q2 mainnet and tokens.

A platform for trading Hong Kong and US stocks with USDT without costs: Biyapay

Investing in high-quality global assets cannot be separated from US stocks, but transferring from crypto assets to US stocks can be too complicated. If you don't have a foreign currency card and want to trade US stocks, you can try this.

I previously wrote a complete withdrawal tutorial from USDT to fiat currency, but some people don't have a Hong Kong card, or the costs are too high after several operations, and remittances also take time. Converting back to USDT is also quite troublesome.

Registration link (remove the space after the period): biyapay.com/re/45922589 (20% fee waiver)

➤ Advantages and disadvantages of different Hong Kong and US stock brokers
Advantages
1. USDT can be directly exchanged for USD at a 1:1 ratio without costs
2. Can trade digital currencies, but the variety is very limited
3. Lower fees than Futu, and using the referral code gives a 20% discount, fees are only second to Interactive Brokers, registration link is above
4. The ordering mechanism is 1:1 real-time orders into the US stock market, and other methods also support the possibility of betting on US stocks with USDT
5. The trading experience is closer to digital currency trading rather than traditional US stock trading
6. There is a 5.48% USD/USDT current financial management yield
7. Compared to other US stock brokers, it might help avoid taxes; at least I haven’t received any notification using Interactive Brokers and Biyapay

Disadvantages
1. Loan interest is too high
2. Cannot participate in new issues of Hong Kong and US stocks
3. Has licenses from the USA, Canada, and New Zealand, but compared to legitimate internet brokers, it may have certain risks, not recommended to invest too much capital
4. Currency exchange fees are too high; for example, converting USD to HKD incurs high costs
5. No pre-market trading

Other Functions
- Global remittance is the main business of biyapay, but compared to backpack, karken, and Victory Securities, the remittance fees for fiat currency are relatively high, unless exchanging for other foreign currencies, the cost for converting USDT to fiat currency is 1%

USDT payment card
- There is a quick card, but the fees are not very competitive, worse than infini.

A platform for trading Hong Kong and US stocks with USDT without loss - Biyapay

Investing in high-quality global assets is inseparable from US stocks, but the process of converting crypto assets to US stocks is too cumbersome. If you do not have a foreign currency card and want to trade US stocks, you can try this.

Previously, I wrote a tutorial on how to withdraw from USDT to fiat currency, but some people do not have a Hong Kong card, or the loss is too high after several operations. Additionally, remittance takes time, and converting back to USDT is also quite troublesome.

Registration link (remove the space after the dot): biyapay.com/re/45922589 (20% fee waiver)

➤ Pros and Cons of Different Hong Kong and US Stock Brokers
Advantages
1. USDT can be directly exchanged 1:1 for USD without loss
2. Can trade digital currencies, though the variety is very limited
3. Transaction fees are lower than Futu, and using the referral code gives a 20% discount, with fees second only to Interactive Brokers. The registration link is above.
4. The ordering mechanism is real-time 1:1 orders to the US stock market; other uses also support the possibility of betting with USDT to buy US stocks.
5. The trading experience is closer to digital currency trading rather than traditional US stock trading.
6. There is a 5.48% USD/USDT current financial management return.
7. Compared to other US stock brokers, it may be able to avoid taxes; at least I have not received any notifications using Interactive Brokers and Biyapay.

Disadvantages
1. Loan interest is too high
2. Cannot participate in new listings for Hong Kong and US stocks
3. Holds licenses from the US, Canada, and New Zealand, but compared to formal internet brokerages, there may be certain risks
4. Currency exchange fees are too high; for example, exchanging USD to HKD incurs significant loss.

Other Functions
- Global remittance is the main business of biyapay, but compared to backpack, karken, and Victory Securities, the remittance fees for fiat currency are relatively high, unless exchanging for other foreign currencies. The fee for converting USDT to fiat currency is 1%.

USDT Payment Card
- There is a fast card, but the fees are not very competitive, not as good as infini.

➤ The large-scale adoption of stablecoins: Does Sui have the opportunity to overtake?
In the future, as the large-scale adoption of stablecoins brings more internet users into the Web3 world, currently only about 10% of internet users are Web3 users, indicating significant growth potential.

Since 2024, the market value of stablecoins on the Sui chain has experienced explosive growth, increasing nearly 200 times in a year, with the compliant stablecoin USDC being the main driving force, dominating 75% of the Sui stablecoin ecosystem.

Why is there a reason for potential overtaking?
1. The Sui project originated from the Facebook stablecoin team.
Core members of the Sui team come from Facebook (Meta) Diem/Libra stablecoin project. They have transformed Facebook's technological advantages, such as smart contract language (Move) and high-performance parallel processing, into the underlying architecture of Sui. At the time, the Diem/Libra stablecoin project had been fully developed, but was halted by regulatory issues. Now, with Circle's listing leading to a relaxation of regulations in the crypto industry, Sui has unique advantages in global compliance funding, institutional collaboration, and stablecoin expansion.

When AI model parameters break through the hundred billion level, the value of data as 'the new oil' is infinitely amplified. High-quality data models become smarter, yet they fall into the triple dilemma of 'ambiguous rights confirmation, imbalanced distribution, and inefficient circulation.' SaharaLabsAI @SaharaLabsAI has provided a systematic solution, referred to as the 'Web3 Operating System of the AI Era.'

The public round of SaharaLabsAI can KYC in most regions on Buidlpad, and I have already decided to participate. You can decide whether to join after reading the following text.

Key Points of the Article
Vision: SaharaLabsAI is committed to building an AI-native Layer 1 blockchain to solve issues of data ownership, value distribution, and governance transparency, positioning itself as the 'Web3 Operating System of the AI Era.'
Core Advantages: Led by AI and Web3 experts, it has received $51.5 million in investment, collaborating with Microsoft, Amazon, etc., and the testnet data is impressive (3.2 million accounts, 1.4 million daily active users).
Product Ecosystem: Includes Data Service Platform (DSP), AI Development Platform, AI Trading Market, and Knowledge Agent. The testnet is expected to go live in May 2025, with the mainnet anticipated in Q2/Q3 2025.
Economic Model: The $SAHARA token is used for governance, fees, and staking, with a public offering valuation of $600 million, and the tokens will be 100% unlocked at TGE.
Controversy: The last round valuation was $400 million. Although the pre-issue of $600 million on Buidlpad seems a bit high for the current market valuation, it is still worth participating. There is a KYC threshold, the last project that did this was Solayer, which ultimately returned close to 10 times. SaharaLabsAI's initial high valuation is expected to be around 3-5 times.

#AIforALL

What is this altcoin and why is it rising so rapidly? A market cap of 25 billion dollars is really hard to get into; if you buy in, it might actually become 250.

The valuation of Circle at 20% to 30% of Coinbase is quite reasonable, and earning 500 million dollars a year is not a problem. Based on a price-to-earnings ratio of 30, that puts it at 15 billion dollars, so it's better to wait until it's below 15 billion dollars to buy.

Most investments were made at a valuation of 4.5 billion dollars or higher, so at least the book return is already 5 times.

Interesting, HyperLiquid can actually benefit from the overflow business of exchanges, which turns out to be money laundering. Including memes, it is actually very suitable for wash trading; it's not just a lot of gamblers, but behind it are the big players in the gray market.

Using Circle's listing to discuss why exchanges are the key to the competition for stablecoins, and how stablecoin reserves are also the trump card for exchanges.

The leading exchange Binance and the leading stablecoin Tether both have annual revenues of billions of dollars.

➤ Why exchanges are the key to the stablecoin competition
1. The key to stablecoin issuance
Exchanges are the main venues for stablecoin trading, and their trading scale and activity directly impact the circulation of stablecoins. According to Circle's prospectus, as of March 2025, the circulation of USDC will exceed 60 billion dollars. The growth of stablecoin circulation is closely related to the promotion and support from exchanges. For example, Circle partnered with Binance, allowing USDC to participate in Launchpad mining. Circle paid Binance a one-time fee of 60.25 million dollars, which increased the USDC supply on the Binance platform from less than 1 billion dollars to 4 billion dollars, significantly boosting USDC's circulation. Coinbase has always been a major partner of Circle, with USDC reserves on Coinbase accounting for about 23% of the total circulation of USDC, which is approximately 13 billion USDC.

However, Tether (USDT) holds up to 70% market share in centralized exchanges. The strong market position of USDT is also related to Binance's initial support for USDT-related trading pairs, which are almost the main trading pairs in all exchanges, gradually growing into an irreplaceable giant with huge trading volume.

2. Determining the market share of stablecoins
The level of support for stablecoins by different exchanges directly affects the market share of stablecoins. Taking USDT and USDC as examples, there are differences in market share across different exchanges. In some mainstream exchanges, such as Binance and Coinbase, there are a variety of stablecoin trading pairs, but the main trading pairs are still dominated by USDT.

In Europe, due to regulatory restrictions, Coinbase will delist USDT by the end of the year, which will lead to a decline in USDT's market share in Europe, while the market share of regulated dollar stablecoins like USDC will increase.

3. Stablecoins are the most important asset for exchanges
Exchanges have a large user base, and stablecoins are a very important component. Binance's total reserves are 110 billion dollars, with the largest stablecoin reserve reaching 31 billion dollars, aside from BTC reserves.
At the same time, Binance has maintained zero-fee trading for stablecoins, and withdrawing stablecoins on the BSC chain is completely free, which are all very important reasons.

It turns out it was a call to the very reliable Tong, no wonder it went up

The bean bag under ByteDance is simply a神器 of web3.
Listening to English Space is no longer a panic, while opening bilingual subtitles and recording meetings, it automatically organizes after ending.
Below is the summary of the USD1 Summer space:

This meeting focused on the characteristics, ecological integration, and future planning of the stablecoin USD1, aiming to strengthen the position of the US dollar as a global reserve currency, with the following core content:

1. Introduction to various protocols
- PancakeSwap: Integrates USD1 as a core trading pair, with a daily trading volume of 10 million USD and a weekly trading volume of approximately 60-70 million USD. The team is embedding it into key liquidity mining strategies to deepen market depth through incentive mechanisms and believes that USD1 is a core component for building DeFi infrastructure.

- Venus: The only institutional-grade lending protocol on the BNB chain that supports deposits of USD1 and liquidity mining. It has extremely high capital efficiency, with total revenue exceeding 150 million USD last year, and returns earnings to users through the Venus Prime loyalty program, making it one of the safest and most decentralized lending protocols on the BNB chain.

- Aster: A multi-chain decentralized derivatives trading platform that supports up to 15 times leverage trading, with low trading fees, while providing passive income products like grid trading and liquidity mining, emphasizing that USD1 is the first stablecoin with strong community attributes.
- ListDAO: Positioned as the liquidity hub for USD1, supports USD1 as collateral for lending blue-chip assets (such as BNB, BTC.B), and provides high-yield USD1 liquidity pools on PancakeSwap, allowing users to participate in quantitative mining and liquidity mining.

2. Core features of USD1
Stability and security: Backed 100% by high-quality liquid assets such as US Treasury bonds and cash equivalents, with reserves held by Bitgo Trust Company, adopting a bankruptcy isolation structure; achieving real-time transparent verification through quarterly audits by the Big Four accounting firms and Chainlink on-chain reserve proof.
Low-friction trading: Eliminating minting and redemption fees, removing cost barriers for converting fiat to cryptocurrency, attracting institutional funds.
Community-driven and ecological collaboration: Compared to traditional stablecoins, USD1 emphasizes deep collaboration with project parties (such as PancakeSwap, Venus, etc.), building application landing through community activities and narratives, breaking through a market value of 2 billion USD in just 8 weeks, becoming the fastest-growing stablecoin.

3. Application scenarios and ecological integration
Lending and collateral: Users can borrow on Venus using USD1 as collateral, leveraging its deep liquidity to obtain long-term stable interest rates, avoiding fluctuations caused by short-term incentives.
Trading and liquidity mining: PancakeSwap launches trading pairs like USD1/BNB, with an average daily trading volume exceeding 10 million, allowing users to participate in mining by providing liquidity; Aster supports USD1 as margin for leveraged trading, meeting the needs of high-risk preference users.
meme coins and DeFi integration: Formium integrates USD1 in its token issuance mechanism for token buyback and destruction, providing a stable anchor for the high-volatility meme coin market, lowering the entry threshold for new users.

4. Vision to connect traditional finance with DeFi
Compliance and technology integration: USD1 combines traditional financial audit and custody standards (like Big Four audits, Bitgo compliant custody) with blockchain technology (Chainlink reserve proof), meeting institutional compliance requirements while achieving efficient and transparent on-chain transactions.
Promoting institutional fund entry: Through the MGX 2 billion USD investment case, proving that USD1 can serve as a bridge for traditional funds entering the crypto market, with a future goal of migrating tens of trillions of dollars of traditional financial transactions on-chain, expected to exceed a market value of 1 trillion USD.

5. Future plans and summer agenda
Ecological expansion: USD1 will continue to cooperate with BNB chain projects (such as ListDAO, Aster, etc.) to deepen its application in lending, trading, payment, and other scenarios, planning to launch more incentive activities (like trading competitions, liquidity mining rewards).
Community and market growth: Currently, there are over 85,000 USD1 holders, and the team encourages new projects to adopt it as a trading pair (like B/USD1 trading volume exceeding 1 billion USD), planning to consolidate its core stablecoin position on the BNB chain through more operational activities.

6. Closing remarks
Call to developers and users: Protocols like PancakeSwap, Venus, etc., call on developers to integrate into the USD1 ecosystem to gain liquidity support and incentives; users can participate in USD1-related trading and mining activities in the summer to enjoy the low-risk returns brought by stablecoins.
Team vision: The USD1 team thanks the BNB chain community for its support, emphasizing that it will promote the integration of DeFi and traditional finance through continuous technological innovation and ecological cooperation, creating 'the coolest stablecoin' and leading the industry into a new growth cycle.

Circle is going to be上市 today. You can't buy their stocks in the crypto world, but they have issued tokens that are available on major exchanges.

Since we can't buy stocks, let's go for the tokens they issued, USDC.

The reason why investing is difficult is that the times are changing, the structure of investors, the age groups of investments, and the income levels of investors are all changing.

But in the cryptocurrency world, it's quite magical; it’s mostly young people with small amounts of capital ultimately achieving big results. Almost every round has such opportunities—ICO, DeFi, NFT, meme, and airdrop—where young people around 20 years old achieve high multiples in returns, often with a short time in the space and strong acceptance of new things.

However, the cryptocurrency world changes too quickly, and many people find that trying to continue along the same path in the next round often doesn't work out.

Yesterday, I talked with a prominent investor about the issue of path dependence in investing because he has invested in many cryptocurrency teams and has seen many around him fall, often due to path dependence. What I’m discussing here are stories of people who have achieved great results in the past but are not meant for self-reflection.

1. Mining farms have always been very profitable, continuously scaling up, while also having a grasp of market cycles to judge bull and bear markets. Before the 519 incident, they leveraged their mining machines, losing more than half of their assets.
2. Altcoins have always been very profitable. A team that invested in several hundred-fold coins in the last bull market lost 20% this round.
3. Primary investments have always been very profitable. A very impressive primary fund invested in LPs, achieving returns of over 20 times in the last cycle, but this cycle saw returns of less than 10% over 4 years.
4. Holding ETH has always been very profitable. Having achieved 100 times returns on ETH, they became believers. They couldn't resist leveraging when the ETH to BTC exchange rate was low, simultaneously swapping their BTC, resulting in their BTC amount being halved repeatedly, and they could never exchange back for the same amount of BTC.
5. OTC trading has always been very profitable, and then they successfully got themselves into trouble.

What other examples have you seen where path dependence has led to poverty? I, who am working hard to learn, don't want to be held back.

It's terrible. The taxation on Hong Kong and US stocks isn't over yet, and they even want to close off the entry for newcomers. But is it useful? No one will stay in a market that doesn't make money.

Taxation on Hong Kong and US stocks
Internet brokerages continue to tighten account openings
The A-shares still lack profit-making effects

So where will people and funds go?
If internet brokerages can't open accounts, they can still go to Binance Alpha to make some money, and in the future, there will also be on-chain US stocks. You can buy stocks in crypto exchanges. China has always been a very important market with a lot of money and people, and tax rate arbitrage is still possible. After all, if you don't recognize crypto assets, you can't tax them. Seeing other countries charging 20-30% profit tax is quite painful.

GOAT is issuing 0.12% of its tokens on Aspecta. Let's briefly discuss this new way of launching new projects, with more and more projects adopting this approach for pre-issuance.

Key content:
- GOAT Network is an innovative Layer 2 network based on Bitcoin, providing a fast, secure, and yield-generating trading environment.
- GOAT will issue 0.12% of its tokens on Aspecta on June 3rd, fully released at TGE, using the BuildKey mechanism.
- You can participate by purchasing BuildKeys on the Aspecta platform, and you can buy and sell tokens at any time, or wait for future token unlocks to gain more rights.
- Aspecta achieves fair token distribution and market-based exchange through the BuildKey and Bonding Curve mechanism. Once the key is redeemed, the BuildKey can no longer be traded.

I. Basic Introduction of GOAT Network
📚 GOAT Network @GOATRollup is the first ZK Rollup to achieve sustainable BTC revenue natively on Bitcoin, and the first decentralized sequencer network in Bitcoin Layer2.
💎 Addressing the real needs of BTC holders seeking transparent investments with different risk preferences, it launches a complete suite of BTCFi products (2%–30%+ annualized yield). The economic model generates revenue trustlessly from gas fees, MEV, and miner rewards – eliminating the unsustainable problem of token mining subsidies.
💫 With multi-currency PoS (BTC, DOGE, BTCB, etc.), GOAT is building infrastructure for the trillion-dollar BTCFi economy.
💪 Supported by top institutions including OKX Ventures, Cryptocom, Amber Group, Polygon Ventures, Metis Foundation, etc.

II. GOAT's Token Issuance on Aspecta and Issuance Details
GOAT Network will issue 0.12% of its tokens (BuildKey) on the Aspecta platform on June 3, 2025. Everyone can participate in a fair lottery. The tokens will be 100% released at TGE. The issuance adopts the BuildKey mechanism, which is a "voucher for future token claims", allowing all users to participate fairly, and the tokens can be freely circulated after issuance, without the liquidity restrictions of traditional lock-up periods. The price is dynamically adjusted by market supply and demand through Bonding Curve. BuildKey not only represents the right to claim future tokens, but also comes with additional rights granted by the project party, such as airdrops, points, NFTs, governance rights, etc.

III. How to Participate on Aspecta @aspecta_ai
The main way to participate is by purchasing BuildKey tokens:
- Directly purchase GOAT Network's BuildKey using $BNB on the Aspecta platform.
- The purchase price is dynamically priced according to the Bonding Curve, and the more people buy, the higher the price.
- You can choose short-term speculation and sell for profit, or hold for the long term and wait for future token unlocks.
- The participation process is open and transparent, and the platform supports 7×24-hour free trading, allowing users to buy and sell tokens at any time.

IV. Aspecta's Token Redemption Mechanism
Aspecta uses the BuildKey mechanism as an asset voucher. Users who hold BuildKeys can redeem corresponding project tokens according to a certain redemption ratio. The redemption ratio will increase stepwise with the trading volume of BuildKey.
For example, in the initial stage, 1 Key can redeem 4 tokens. As the trading volume increases, the redemption ratio will also be higher, and the price may also increase. The specific calculation rules are as follows.

S1: 1 key = 0.000003% of total supply
S2: 1 key = 0.000004% of total supply
S3: 1 key = 0.000005% of total supply
Currently, it is S2. The project's market value can be calculated through the value of the key and the redeemable ratio. For example, if the current price of the key is 4.88u and the redemption ratio of the key is 0.000004%, then the corresponding market value is 4.88 ÷ 0.000004% = 122 million FDV, which is equivalent to buying tokens at this market value.

1. After purchasing the key, click "Redeem" to redeem the key for assets. Note: Once redeemed, the BuildKey can no longer be traded.
2. Redemption upgrade (representing the current Sx stage): The ratio of key to asset redemption increases as the project's market value increases. The more BuildKeys purchased, the more assets each BuildKey can redeem. The redemption ratio is determined at the TGE according to the stage reached by the sales value, not by the purchase price.
3. Redemption ends: Redemption deadline (DDL). To ensure you receive your assets, please redeem your BuildKey before the DDL. If you miss the DDL, you may no longer be able to redeem more assets with your BuildKey, but you can still sell the keys for profit.
4. Asset Allocation The asset allocation method after BuildKey redemption is divided into two types:
- Airdrop or NFT-type assets: Assets will be directly distributed to redeemers at a specific time (usually when the assets are generated).
- Vested assets After redemption, users will receive an on-chain voucher proving their ownership of unvested assets.
- This voucher can be transferred or traded on the secondary market, and users can obtain additional income by trading the voucher.
- Vested assets will be allocated subsequently based on the voucher.