Binance, one of the leading cryptocurrency exchanges, has just unveiled its 45th project on Binance Launchpool: AltLayer (ALT). Let’s explore what AltLayer is all about and how you can participate.
What Is AltLayer (ALT)?
- AltLayer (ALT) is a platform for launching native and restaked Rollups with both Optimistic and ZK Rollup Stacks. It aims to enhance scalability and efficiency for decentralized applications (dApps).
- By simplifying the deployment of Layer 2 applications on popular blockchains, AltLayer bridges the gap between traditional blockchain technology and cutting-edge solutions.
How Does AltLayer Launchpool Work?
- Staking Pools: During the six-day farming period, users can stake their BNB and FDUSD tokens into separate pools.
- ALT Token Rewards: By participating in the Launchpool, users can farm ALT tokens. A total of 500,000,000 ALT (which accounts for 5% of the max token supply) will be distributed to participants.
- Farming Period: The farming period starts from 2024-01-19 00:00 (UTC) and ends on 2024-01-24 23:59 (UTC).
- Listing and Trading: Binance will list ALT on 2024-01-25 10:00 (UTC). Trading pairs will include ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY.
Key Details:
- Max Token Supply: 10,000,000,000 ALT
- Initial Circulating Supply: 1,100,000,000 ALT (approximately 11% of the max token supply)
- Staking Terms: KYC required
- Hourly Hard Cap per User:
- 277,777.77 ALT in BNB pool
- 69,444.44 ALT in FDUSD pool
Supported Pools:
-
Stake BNB (webpage will be available in around 24 hours): 400,000,000 ALT in rewards (80%)
-
Stake FDUSD (webpage will be available in around 24 hours): 100,000,000 ALT in rewards (20%)
ALT Farming Distribution
Where to Learn More:
- Website: AltLayer
- Whitepaper: AltLayer Whitepaper
- Twitter: AltLayer
- Discord: AltLayer
- Telegram: AltLayer
- Medium: AltLayer Blog
Remember, snapshots of user balances and total pool balances will be taken multiple times each hour to calculate rewards. Get ready to dive into the AltLayer ecosystem and explore the possibilities! 🚀🔍
Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial advice. Always do your due diligence before investing in any cryptocurrency.