Goat.Tech Launches Revolutionary On-Chain Reputation System to Combat Crypto Scams and Foster Trust

8 months ago 5

ARTICLE AD BOX

[PRESS RELEASE – Hong Kong, Hong Kong, March 29th, 2024]

Cryptocurrency scams are rampant, costing victims billions. A shocking report by the Federal Trade Commission (FTC) reveals that since the beginning of 2021, over $1 billion has been lost to crypto scams, a staggering figure representing more than one out of every four dollars reported lost in scams. In this Wild West of finance, trust is hard to come by. As the famous investor Warren Buffett said, “It takes 20 years to build a reputation and five minutes to ruin it.” The blockchain technology, with its anonymous nature, exacerbates this issue.

Enter Goat.Tech: The Solution for Decentralized Trust and Reputation

Goat.Tech throws open the doors to a future where “your reputation is your currency”. Goat.Tech aims for a world where financial stability and the trust of others pave the way for success on the blockchain. Goat.Tech introduces an on-chain, real-time reputation standard that reflects a user’s present financial stability and potential value generation. This revolutionary Trust Score is transparent and visible to everyone, allowing users to make informed decisions about who to trust.

Trust Score: The Centerpiece of Everything

Goat.Tech’s roadmap takes a two-pronged approach to building trust in the Wild West of crypto. First comes the Goat Dapp, a gamified social-financial platform where users stake ETH to boost each other’s Trust Score and compete for the Greatest of All Time (GOAT). This not only incentivizes positive behavior but also unlocks the power of Trust Scores for everyone in the Web3 space, from KOLs and investors to regular users. Looking ahead, Goat.Tech plans to introduce Goat L2, the first-ever Layer 2 designed specifically for on-chain reputation. This innovative system is designed to restake the user’s ETH with the aim of optimizing potential yields, while simultaneously building its reputation and increasing its ETH balance. By starting with a gamified approach of Goat Dapp and then transitioning to the advanced features of Goat L2, Goat.Tech creates a secure and trustworthy environment for everyone to thrive.

Goat.Tech plans to introduce Goat L2, the first Layer 2 designed specifically for on-chain reputation

Trust Score is the foundation of every Goat.Tech feature and interaction. The higher the Trust Score a user achieves, the more $GOAT tokens are generated for individuals who stake in their pool. This, in turn, attracts more people to stake in the user’s pool, facilitating instant earnings for the user, which further increases their Trust Score, and so forth. This virtuous cycle fosters a transparent and secure environment. Goat.Tech aspires to make Trust Score the standard, transforming the blockchain into a more trustworthy space.

Trust Score is the foundation of every Goat.Tech feature and interaction.

KOLs: Leaders of the Revolution

KOLs (Key Opinion Leaders) are the tastemakers of the crypto world. With Goat.Tech, their reputation becomes their most valuable asset. The higher their Trust Score, the more they can earn. This incentivizes genuine, trustworthy KOLs to build strong followings. Goat.Tech isn’t just a platform to monetize reputation; it’s a place where KOLs can build loyal communities and solidify their influence in the ever-evolving Web3 landscape.