In the coming days, you will frequently come across a project called GOAT @GOATRollup. But my advice: don't touch it, and definitely don't get involved in any way. 🔶 What is GOAT🟢 GOAT Network is a sustainable BTC yield chain powered by a decentralized sequencer using multi-currency PoS, simply put, it's an L2 for BTC. 🔶 Why I don't recommend getting involved 1⃣ Goat is a purely domestic team. Don't think I'm discriminating against domestic projects; you can look at the two projects they previously worked on, ZKM and Metis. Those who participated in these two projects probably didn't make any money, and the team members of these three projects have a high overlap; 2⃣ GOAT claims to be BTCFi, but like Merlin and B2, it is also a pseudo-BTC L2 based on EVM. So, are you still interested in depositing money??? 3⃣ GOAT itself has no funding. Its developer ZKM has $5 million in funding, but Goat claims a valuation of $120 million. Where does that confidence come from; 4⃣ GOAT held an IDO on June 3rd, and it seems the results were not very good. They say they are planning a second IDO. What, if they can't raise funds, will they just keep doing IDOs? 5⃣ I looked at this project a long time ago, and it is said that TGE is coming soon, so the significance of depositing money now is not great. 🔶 Why I don't recommend getting involved in any way 1⃣ Given Goat's current popularity and funding (IDO) situation, I think a $50 million valuation is already too much. The collaboration between Goat and Kaito offers a 1% reward, distributed to yappers and the Kaito ecosystem (most likely stakers), which amounts to $500,000. So, if we calculate the rewards for getting involved, it's about $250,000 U. 2⃣ If you think a $250,000 reward is not small, well, these rewards will be distributed in phases over 6 months after TGE. Do you still want it? 3⃣ If TGE happens tomorrow, you only need to wait 6 months. Assuming this is evenly distributed over 6 months, that's $40,000 per month, for the top 100, each person gets $400. Hmm~~~ 4⃣ If TGE happens in 2 months, you need to wait 8 months. How much is that per month? Too much, I can't calculate it. 🔶 Leave yourself a way out In the crypto world, whether a project can succeed sometimes doesn't matter much about the product. Even if you don't have a product, as long as your marketing is good, you can still make money for everyone. What if Goat's marketing team is really impressive, and after TGE, the market value shoots up to $1 billion? That would be awesome.