Goatcoin (GOAT) Price, Charts, and News | Coinbase: goatcoin, goat coin

What Is Goatcoin (GOAT)?

Gotcha is a platform that is building a decentralized (https://www.coinbase.com/learn/crypto-basics/what-are-nfts#:~:text=NFTs%20(or%20%E2%80%9Cnon%2Dfungible,worth%20exactly%20the%20same%20amount.) ecosystem on the Binance Smart Chain. Gotcha is seeking to upgrade the NFT space with innovation. Gotcha supports various tokens.) like GOAT, WBNB, BUSD, DITTO, CAKE, etc.

As its website states, the core feature of Gotcha is trading NFTs. Users can mint their original NFTs and create their collections. They can set a fixed price for their NFTs, and while others can submit lower bids, they can choose whether to accept or not. Gotcha supports various image file formats, audio files, and video files. However, Gotcha incurs a fee of 2.5 percent on minting and trading of NFTs.

Goatcoin (GOAT) is a meme coin and the governance token of Gotcha. GOAT is issued on the Binance Smart Chain and can be used for staking, payments, voting, etc. The platform also performs a weekly airdrop of up to one GOAT to promote active engagement in the Gotcha marketplace. One must be a Gotcha user to be eligible for the airdrop. The amount of GOAT distributed to each address is proportionate to the amount traded. Users can earn more GOAT by increasing the volume of trades.

Further, Butter (BUTT) is GOAT’s partner token. Holders of GOAT tokens can trade them for BUTT at a 1:1 ratio of one GOAT to one million BUTT. This conversion rate is fixed, and users can convert BUTT to GOAT at any moment. BUTT is completely backed by GOAT and can be swapped back at a fixed rate at any time. Due to the limited supply of GOAT, which is 999 total tokens, BUTT solves the concerns that GOAT can be inaccessible to traders when they see a high price.

History of Goatcoin (GOAT)

GOAT was launched in February of 2021.