AltLayer (ALT) Initiates Airdrop Claim and Achieves Binance Listing

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AltLayer Opens Airdrop Claim for Users

On the morning of January 25th, AltLayer opened the airdrop claim portal for users based on the snapshot results from January 17th. The allocation for the first airdrop is 300 million ALT tokens, constituting 3% of the total supply of 10 billion tokens and valued at approximately $87 million USD.

📢Update: $ALT Airdrop Claims have now opened as of 9:00 AM UTC. https://t.co/LpfHsHu4Gk

Those eligible for AltLayer Airdrop Season One – please visit the official airdrop website to claim your $ALT!

Rest assured you will have one month to claim your $ALT tokens. https://t.co/zSYJw8gGt4

— AltLayer (@alt_layer) January 25, 2024

The airdrop recipients include those who participated in staking on Celestia (TIA) and EigenLayer, holders of NFT OG, or those who have participated in the project’s community campaigns. According to the announcement, AltLayer will distribute the airdrop to TIA stakers in the following week.

Link Claim: airdrop.altlayer.io

The claiming fee has also decreased compared to yesterday, as yesterday the claiming fee was around $20, but today it has reduced to only $5.

Binance Announces Listing of AltLayer

At the same time, Binance announced the listing of ALT at 10:00 AM on the same day. In the first 4 hours, ALT attracted a trading volume of over $300 million, according to CoinGecko data.

#Binance lists @alt_layer $ALT!

Trading is now live ➡️ https://t.co/dnv1O6EX8C pic.twitter.com/wswq5TUBAB

— Binance (@binance) January 25, 2024

The 1-hour chart for the ALT/USDT trading pair on Binance at 01:46 AM on January 26, 2024:

AltLayer is a decentralized protocol supporting developers in creating rollups from OP Stack, Arbitrum Stack, ZKStack, and Polygon CDK software as rollup-as-a-service.

Towards the end of last year, the project collaborated with EigenLayer to introduce the Restaked Rollup model, aiming to decentralize the Sequencer network (by redistributing MEV activities), accelerate finality, and restructure the profit-cost equation for units uploading proofs and Data Availability (DA).

In the future, ALT holders will have the right to participate in governance decisions or become operators within the ecosystem. ALT will also be used to reward contributors to the network, such as operators or validators, as well as for transaction fees on the network.

The project successfully raised $22.8 million from two private sale rounds, with the token sale portion accounting for 18.5% of the total supply.