This article provides a comprehensive overview of the goNativeCC protocol on the Sui Testnet, including its project details, funding, revenue model, and a step-by-step guide for interacting with the platform for a potential airdrop.
GoNative Project Overview
GoNative, also known as Native’s Bitcoin Yield Hub, is a platform designed to allow users to earn yield on their Bitcoin holdings. A key feature is its ability to do so without requiring users to bridge or wrap their Bitcoin, or rely on centralized custodians. The project is built on the Sui Network, leveraging its high-speed and low-cost transactions.
Technology and Core Concepts
GoNative utilizes a Zero Trust Architecture and 2PC-MPC cryptography to ensure security and decentralization. It introduces nBTC, a non-custodial, trust-minimized representation of Bitcoin, which is 1:1 backed by real BTC held in decentralized dWallets. This approach aims to bring Bitcoin’s liquidity into DeFi while maintaining user control and aligning with Bitcoin’s core principles.
Roadmap
- Q2 2025: Focus on nBTC smart contracts and UI for minting, Bitcoin proving and verification system, integration with select DeFi partners, and community activation.
- Q3 2025: Planned integration with IKA testnet, enabling withdrawals, bridge transactions, co-marketing efforts, a Testnet Campaign with user activities, and the launch of BTCFi Beelievers NFT.
- June-July 2025: Launch of Native Mainnet, expansion of the Bitcoin Yield Hub, integration with more DeFi and social applications, liquidity mining, and comarketing/PR activities.
- Q4 2025 – Q1 2026: Introduction of Bitcoin “Single-click” integration, Token Generation Event (TGE), governance module, BTC Orchestration, IBC Integration, and support for Dogecoin & Litecoin, alongside further PR and marketing campaigns.
Revenue Model / Yield Generation
The yield generated on nBTC originates from three primary sources:
- DeFi Supply and Demand: Users earn interest or fees by deploying nBTC in lending markets or liquidity pools.
- Native Protocol Incentives: These are distributed to encourage early adoption and bootstrap BTCFi use cases.
- Partner Rewards: Offered by ecosystem protocols seeking to attract nBTC into their products and drive BTC-based activity on Sui.
Funding and Team Information
Direct funding information specifically for GoNative as a separate entity is not readily available through public searches. However, GoNative leverages technology from Ika, which has successfully raised over $21 million in total funding. This indicates that GoNative benefits from the technological advancements and backing of a well-funded partner in the blockchain space, particularly in the area of 2PC-MPC cryptography.
Information regarding the core team members of goNativeCC is not publicly disclosed in the search results.
Step-by-Step Guide for Interacting with GoNative (Sui Testnet) Airdrop
This guide outlines the steps to interact with the GoNative protocol on the Sui Testnet for a potential airdrop. Please note that this is a testnet environment, and the process may change for the mainnet.
Prerequisites:
- Slush Wallet: Ensure you have the Slush Wallet installed and configured for the Sui Testnet.
- Testnet SUI Tokens: You will need testnet SUI tokens to perform swaps. You can obtain these from the Sui Faucet (https://faucet.sui.io/) or alternative faucets mentioned on the GoNative application page.
Interaction Steps:
1. Access the goNativeCC BYIELD Application:
- Navigate to the BYIELD application: https://byield.gonative.cc/
2. Connect Your Sui Wallet:
- On the BYIELD application page, click on the “Connect Sui Wallet” button.
- Follow the prompts in your Slush Wallet to connect it to the BYIELD application.
3. Obtain Testnet SUI Tokens (if needed):
- If you do not have sufficient testnet SUI, click on the “Request Sui Tokens from faucet” link or check the “alternative faucets” links provided on the BYIELD application page.
- Follow the instructions on the faucet page to claim your testnet SUI tokens.
4. Swap SUI to nBTC:
- Once your wallet is connected and you have testnet SUI tokens, locate the input fields for swapping SUI to nBTC.
- Enter the desired amount of SUI you wish to swap. The application indicates a fixed price of 25,000 SUI / nBTC.
- Confirm the transaction in your Slush Wallet when prompted.
5. Complete the Whitelist Application Form
- After making your first NBTC swap transaction, complete the application form for the BTCFi Beelievers NFT whitelist.
Latest News on GoNative (Native Bitcoin Yield Hub)
GoNative: Your Latest Airdrop & Reward Opportunities!
GoNative, the innovative Bitcoin Yield Hub building on the Sui Network, has been making significant strides, aiming to bring secure and trust-minimized Bitcoin DeFi to the forefront. For airdrop hunters eyeing new opportunities, there’s a key event to keep on your radar right now!
Current Airdrop/Reward Opportunities:
Sui Network Overflow Hackathon: $25,000 Community Reward Pool!
GoNative has achieved a significant milestone, successfully reaching the finals of the prestigious Sui Network Overflow Hackathon. This is a remarkable feat, placing them among the top 5% out of over 600 projects and 3,000+ builders, showcasing their strong potential in the burgeoning BTCFi space.
To celebrate this achievement and foster community engagement, GoNative has announced their participation in a $25,000 community reward pool. This is a direct opportunity for you to support GoNative on their journey to the final summit in Athens and potentially earn rewards!
By casting your vote for GoNative, you’re not only contributing to their hackathon success but also gaining eligibility for a share of this community reward pool. This is an exciting chance to be an early supporter and potentially benefit from their ongoing progress.
| Event Type | Details | Action Required | Important Link |
|---|---|---|---|
| Community Reward Pool | GoNative has qualified for the finals of the Sui Network Overflow Hackathon and is part of a substantial $25,000 community reward pool. This demonstrates their commitment to rewarding early supporters and community participation as they advance in the hackathon. | Vote for GoNative in the Sui Network Overflow Hackathon finals. By casting your vote, you will support their project’s journey to the main stage and become eligible for a share of the community reward pool. Ensure you follow the instructions provided via the link below. | Vote and Join Reward Pool |
What Else Has Been Happening?
Beyond this immediate reward opportunity, GoNative continues to innovate, focusing on making nBTC (Native Bitcoin) truly usable, playable, and interactive within the metaverse and broader DeFi ecosystem on Sui. They are actively exploring new use cases, from mini-games to advanced decentralized finance applications, all centered around unlocking Bitcoin’s full potential.
Their strong performance in the Sui hackathon is a clear indicator of their technological capabilities and the significant traction their project is gaining. While there are no other direct airdrop events or NFT claims announced at this time, such strong project development often precedes future community incentives.
Stay Connected!
Keep a close watch on GoNative’s official channels for further announcements regarding new developments, potential future seasons of incentives, or additional community rewards. As they pave the way for Bitcoin on the Sui DeFi landscape, being an early and engaged community member could prove to be highly beneficial down the line.
Michael Gu
Michael Gu, Creator of Boxmining, stared in the Blockchain space as a Bitcoin miner in 2012. Something he immediately noticed was that accurate information is hard to come by in this space. He started Boxmining in 2017 mainly as a passion project, to educate people on digital assets and share his experiences. Being based in Asia, Michael also found a huge discrepancy between digital asset trends and knowledge gap in the West and China.