Friday, November 22, 2024

AltLayer To Launch Token On Jan. 25

Restaked rollup supplier will airdrop ALT tokens to early supporters, together with Eigenlayer and Celestia stakers.

Restaked rollup supplier will airdrop ALT tokens to early supporters, together with Eigenlayer and Celestia stakers.

AltLayer, a decentralized protocol specializing in rollup networks, plans to launch its native ALT token on Jan. 25.

The undertaking will airdrop ALT tokens to early adopters, which embody AltLayer OG Badge NFT holders, Oh Ottie! NFT holders, certified contributors of Altitude campaigns, in addition to certified EigenLayer restakers and Celestia stakers.

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ALT Airdrop Eligibility

The ALT token will likely be launched by way of Binance Launchpool, enabling Binance customers to stake BNB and FDUSD and farm ALT tokens for six days beginning on Jan. 19.

With Restaked Rollups, AltLayer goals to mix the benefit of utilizing rollup stacks with the restaking mechanism of EigenLayer. Restaked rollups encompass three Actively Validated Companies, providing state correctness verification, sooner finality, and decentralized sequencing.

AltLayer’s ecosystem encompasses varied infrastructure suppliers, together with EigenLayer, Espresso, Astria, Radius, Celestia, EigenDA, Avail, OP Stack, ZKStack, Arbitrum Orbit, Polygon CDK, and extra.

Notable initiatives in gaming, DeFi, and different sectors have chosen to make the most of AltLayer’s companies. Amongst them are Double Bounce Tokyo, Avive, Cometh, Polychain Monsters, Port3 Community.

As AltLayer’s native utility token, ALT will likely be used for bonding, governance voting, incentivization rewards for operators, and community transaction charges. Further airdrops are deliberate for wider ecosystem companions and supporters within the upcoming months.

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