A Case for AquaGoat

by Gideon Six

The AquaGoat token is described on its Litepaper (whitepaper) as “a decentralized frictionless yield-generation utility eco-token.” This is another example of a deflationary token, similar to Safemoon Protocol and Papel, where holders are rewarded for holding. Also, the tokenomics are designed to have an automated liquidity pool that is resistant to rug pulls. This article will seek to understand the promise of AquaGoat, its following and potential.

Welcome to AquaGoat 

The official site for this token is AquaGoat.finance. The visitor is greeted by an image of a dabbing goat. The layout is clear and crisp with a calming feel. The layout seems to invite one to take their time checking out each section of the site. AquaGoat was “stealth-launched” on April 7th, 2021 by an anonymous Australian developer according to the Litepaper. A stealth launch basically means that the token does not currently have any doxxed developers, which is common for many crypto tokens at the project stage of development. This project was “fair-launch” so there was no presale or gifted tokens prior to launch. The contract address is: 0x07af67b392b7a202fad8e0fbc64c34f33102165b and is on the Binance Smart Chain (BSC) located here. AquaGoat’s developers are inspired by environmental conscientiousness. They desire to create a token that does not require mining to create/ gain value. This token employs tokenomics, static- redistribution, and automated liquidity. BSCscan shows 296,945 addresses for wallets. AquaGoat can be purchased through PancakeSwap, Bitmart, Snowgecoin, Coingecko, Ztb, Vndc.io/, Hotbit, Whitebit, Bitrue, Coinsbit.io, Bkex, Lbank, and Bibox. Current Market Cap is estimated at $17,004,088 Fully Diluted.

Tokenomics

AquaGoat was launched with an incredible supply of 100 Quadrillion tokens and 40% immediately sent to a burn wallet. When the tokenomics are properly implemented on an exchange, each transaction will incur a 4% fee. Of which, 1.2% is redistributed to holders, 0.8% is sent to the burn wallet, and 2% is paired with BNB (1% sold buy contract, 1% left in Liquidity Pool). The liquidity pool is locked in perpetuity.

Social Media Presence

Twitter- https://twitter.com/AquaBsc 58.7k Followers

Instagram- https://www.instagram.com/AquaGoat_official/ 13.5k Members

LinkedIn- https://www.linkedin.com/company/AquaGoat-finance/ 4 Employees; 147 Followers

Discord- https://discord.com/invite/QmGT2Rcyn3 6,099 Members

Reddit- https://www.reddit.com/r/AquaGoatFinance/ 5.6k Followers

Telegram- https://t.me/AquaGoat 32,346 Members

Facebook-https://www.facebook.com/groups/1238333166671755 10k Members

Youtube- https://www.youtube.com/channel/UCqwhp8K_DP5Wii4YUAYobSg 626 Subscribers

TikTok- Not Found

Twitch- https://www.twitch.tv/AquaGoatfinance 639 Followers

Medium- https://AquaGoatfinance.medium.com/ 100 Followers

The social media following for this token is fairly robust but does have room to grow. The followers are active and the posting is consistent over time. There is plenty of content and media to go through.

Charity

The pillars of this token are rooted in a deep belief for charitable works particularly those affecting oceans (the Aqua in Aquagoat) and climate change as a whole.  So far, AquaGoat has made donations to and is partnered many foundations: Blue Marine Foundation, SeaShepherd, CoralVita, Ocean Conservation Society, Parley, Friends of Sea Turtles Education & Research, Mrs. California Earth,  the Ocean Cleanup, Haribon Foundation, with plans for more to come. The expectation is that the community will work with the AquaGoat team to expand these efforts to make a global impact.

Roadmap (AquaGoat Trail)

Currently, the token is in Phase 3. The goals yet to be accomplished in this phase are as follows:  

Launch merchandising with AquaGoat ecommerce integration for material purchases, with all proceeds routed to our respective donation and marketing wallets.

Continually expand charity partnership network through community-led polls and outreach efforts

Promote store-of-value and method-of-donation use case with partnered charity organizations.

Research and development of NFT creation and NFT exchange architecture

Research and development of AquaGoat mobile/dApp video game

Although the Phases are clear, it is not clear what the timeline is. Most roadmaps are designed to be quarterly, but there is no indication that AquaGoat is designed the same way.

The Team 

There is currently no publicly available information on who the developer(s) are except a notation that the Dev is Australian. It is strange to have marketing and social media representatives without listed social media profiles, but a fair amount of the team is self- doxxed. The rest of the listed public information is below:

Patrick Aberin- Co-Project Manager- graduate of Kwantlen Polytechnic University- Canada's only polytechnic university

James Jamison- Social Media/Community (US)- Army Veteran, Cyber-Security Analyst

Shahar- Outreach? Unconfirmed Twitter- No other available information

Kaitlin- Social Media (CA)- No other information

Jhunehl Fortaleza- Charity and Outreach, BIPOC public school educator

Eddie- Marketing (BG)- Unconfirmed Twitter

David- Graphic Design (VN)- Probable Twitter

Mariel Operana, Marketing Coordinator (CA), Student at The University of British Columbia

Hanh Tran, Ambassador, Miss California Earth

Summary

The massive supply is concerning for a quick pump in price- although the token was not designed to be a pump and dump token. Tokens like this are usually dominated by whales however with AquaGoat, the top 10 Holders only have 12.98% of the supply as of this writing according to whalewatcher.finance. More encouraging is that the top 100 holders only hold 20% of the total circulating supply. The live AMAs on twitch are also great, but occasionally lacking in useful information pertaining to the financial outlook of the token- most of the air time is geared toward discussing the charity initiatives which is a major goal and basically the whole reason for the tokens existence so - fair enough.

The 4% fee may not be high enough to burn tokens near term in a way that will have a huge impact on price. Another update to the token could change this but there is no public information to suggest the developers will do this. The fee is low enough that one could day trade on high volume days without incurring a rug pull. The large number of exchanges this token is listed on is also encouraging, though it is difficult to know if all of them are implementing the tokenomics correctly.

The price is low enough that if you have $100 to invest and don’t need it back for a few years, then you definitely should. In order for major movement, the goals in the trail will need to have dates attached to them to prove that the team is being aggressive in pursuing them. Also, there needs to be clear information regarding which exchanges are fully participating in Tokenomics and which are not. Otherwise, it is difficult to know the most beneficial place to invest money in AquaGoat. The wallet address used to fund the charitable projects should also be identified to improve transparency.

References

https://coinmarketcap.com/alexandria/glossary/rug-pull

https://drive.google.com/file/d/1Mtvc579cBt_DE1xOLUHYjuW9ionV5jUR/view

https://www.AquaGoat.finance/

https://dyor-crypto.fandom.com/wiki/Fair_launch

https://bscscan.com/token/0x07af67b392b7a202fad8e0fbc64c34f33102165b

https://whalewatcher.finance/currencies/AquaGoat

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