AltLayer Moves Up ALT Token Unlock Schedule, Mimicking Worldcoin

The AltLayer (ALT) restaking solution has announced that they will move up the token unlock schedule to the present time.

Altlayer Moves Up Alt Token Unlock Schedule, Mimicking Worldcoin

According to the initial plan, AltLayer was set to carry out its first token unlock for investors, the team, advisors, and the treasury on July 25, 2024. This unlock was expected to allocate 684 million ALT tokens, representing 42% of the circulating supply, valued at approximately $99.8 million at the time of writing.

However, to ensure the project’s stability and long-term growth, all relevant parties have agreed to postpone the unlock to January 24, 2025. This means that no new ALT tokens will be introduced into circulation during this period.

The unlock schedule from January 25, 2025, will be as follows:

  • Unlock over 2 years for investors and strategic partners.
  • Unlock over 3 years for the team, advisors, the reserve fund, and other individuals and organizations.

Vesting

AltLayer is a decentralized protocol that supports developers in creating rollups, compatible with various SDKs like OP Stack, Arbitrum Orbit, Polygon zkEVM, zkSync’s ZK Stack, and StarkWare, along with shared sequencing services such as Espresso and Radius.

This news has been compared to Worldcoin by many in the cryptocurrency community, noting that Worldcoin recently adjusted its tokenomics. This information led to a 70% increase in Worldcoin (WLD) prices. However, for AltLayer (ALT), some believe this move is an attempt to retain holders as AltLayer’s position in the restaking segment has diminished.

Related: WLD Surges Over 70% After Worldcoin Revises Tokenomics

AltLayer (ALT) Price Movement

Following this announcement, ALT’s trading volume surged by 118% compared to the previous day. However, the price remained relatively stable, trading around the $0.14 mark.

Alt

(1 vote)

5.0/5

(1 vote)

Latest

Bio Soars 58% After Upbit Listing, Desci Tokens Make A Powerful Comeback

News | Altcoin | Editor Choice

BIO Soars 58% After Upbit Listing, DeSci Tokens Make a Powerful Comeback

South Korea’s crypto market just witnessed a major explosion as Upbit, the country’s largest exchange by trading volume, announced the listing of BIO Protocol’s native token, BIO. Following the news, the altcoin skyrocketed over 58%, while its trading volume surged by more than 500% within hours.

Ripple Chairman Accused Of Dumping 50m Xrp On Retail Investors

News | Altcoin | Editor Choice

Ripple Chairman Accused of Dumping 50M XRP on Retail Investors

The XRP community is in turmoil after a new claim by CryptoQuant analyst Maartunn alleged that Ripple Chairman Chris Larsen sold off 50 million XRP, “dumping” on retail investors. However, industry experts quickly pushed back, clarifying that the transaction was not a sell-off as speculated.

Chainlink Whales Accumulate $15 Million, Is Link Poised For A Breakout

News | Altcoin | Editor Choice

Chainlink Whales Accumulate $15 Million, Is LINK Poised for a Breakout?

The market is buzzing as major investors quietly scoop up millions of dollars’ worth of Chainlink (LINK) — a signal that a powerful breakout could be on the horizon.

Bitcoin Heads Into November With Two Pivotal Catalysts

News | Bitcoin | Editor Choice

Bitcoin Heads Into November with Two Pivotal Catalysts

Bitcoin enters November amid unpredictable volatility, as the upcoming CPI report and FOMC meeting could become the decisive catalysts shaping its price trend in Q4.

18 Wallets Dump 890 Million Tokens, Astra Nova Crashes 65%

News | Altcoin | Editor Choice

18 Wallets Dump 890 Million Tokens, Astra Nova Crashes 65%

After 18 wallets suddenly dumped 890 million RVV tokens worth over $10.6 million, the Astra Nova team was forced to launch an emergency token buyback program to calm the community.

Screenshot 2025 10 20 091338