What is AltLayer (ALT)? Binance Launchpool's 45th Launch

Table of Contents

Considered a unique synthetic layer, AltLayer introduces various innovations, empowering developers to maximize resource utilization.

What is AltLayer?

AltLayer is a decentralized protocol designed to streamline the deployment of both native and restaked rollups, incorporating both optimistic and ZK rollup stacks.

AltLayer introduces a rollup framework known as Restaked Rollups. These Restaked Rollups leverage the capabilities of:

Rollup stacks to autonomously initiate application-specific instances across various major rollup solutions.
EigenLayer’s restaking mechanism to kickstart the network by borrowing economic security from the Ethereum platform.

https://altlayer.io/

Highlights

Restaked Rollups: An integrated framework for application-specific rollups that harnesses EigenLayer’s restaking mechanism, delivering heightened security, decentralization, interoperability, and swift crypto-economic finality.

VITAL: An AVS where operators verify blocks and the corresponding states committed by the rollup sequencer, raising fraud-proof challenges if deemed necessary.

MACH: A protocol designed to expedite finality for rollups by enabling operators to restake Ethereum-based assets, reinforcing any claims made on the rollup state.

SQUAD: Introducing decentralized sequencing with economic backing. This approach eliminates short-term liveness concerns, mitigates issues such as bad MEV (Miner Extractable Value), and addresses rent extractions, distinguishing it from rollups operating with a single sequencer.

Ephemeral Rollups: In the context of ephemeral rollups, a dApp developer anticipating a surge in demand for their application could:

Swiftly deploy a rapid and scalable rollup customized for their application, secured by a Layer 1.
Utilize the rollup for the required duration.
Conclude the lifecycle of the rollup by settling it on the Layer 1 through an “end-of-life” process.

AltLayer’s Products

Ephemeral Rollups are currently operational, whereas other products like VITAL, MACH, and SQUAD are undergoing testing on a private testnet.
Ephemeral rollups have been implemented in various use cases, including mini-games, game tournaments, NFT mint events, and more.
2048 Game
Loot Royale: 134k game rooms
Cellula: 1.4MM Cellula NFT minted with 1.9MM transactions across 612k wallets

Information about the ALT token

Basic Information

Token Name: Altlayer
Ticker: ALT
Total Supply: 10,000,000,000 ALT
Circulating Supply: 1,100,000,000 ALT

Token Allocation

Allocation of ALT Token:

Binance Launchpool: 5.00% of the total token supply
Team: 15.00% of the total token supply
Investors: 18.50% of the total token supply
Advisors: 5.00% of the total token supply
Protocol Development: 20.00% of the total token supply
Ecosystem and Community: 15.00% of the total token supply
Treasury: 21.50% of the total token supply

Token Release Schedule

Development Team

Jia Yaoqi – Founder & CEO

Jia Yaoqi holds a Ph.D. in Philosophy and Computer Science from the National University of Singapore in 2017. He has a diverse professional background:

In 2017, worked as a researcher at the National University of Singapore.
From October 2017 to September 2019, served as the CTO, Co-Founder, and Advisor at the Zilliqa blockchain platform.
Engaged with the Web 3.0 Bootcamp Foundation as the Chairman.
Contributed to Parity Technologies, holding roles as Director, GM, and Advisor.
Since December 2021, Jia Yaoqi has been serving as the Founder & CEO at AltLayer.

Investors

AltLayer has announced the successful raising of $7.2 million in its Seed Round. This investment round was led by Polychain Capital, Jump Crypto, and Breyer Capital.

Other notable investors in this funding round include Gavin Wood, co-founder of Ethereum and founder of Polkadot; Balaji Srinivasan, former CTO of Coinbase and a former partner at a16z; Sean Neville, co-founder of Circle; as well as Kain Warwick and Jordan Momtazi, co-founders of Synthetix and Bodhi Ventures.

Roadmap and updates

Milestones

Q1 – 2023:

Launch of the RaaS (Rollups as a Service) Launchpad in a private launch.
Private launch of the RaaS (Rollups as a Service) Launchpad.

Q2 – 2023:

Launch of FlashGPT
AltLayer supports Arbitrum Orbit

Q3 – 2023:

Launch of Turbo: a game-dedicated rollup SDK

Q4 – 2023:

Support for xERC-20 in RaaS dashboard
Support Polygon CDK
Announced Restaked Rollups

Current Roadmap

Q1 2024:

Testnet launch of the integration of Arbitrum Orbit with Celestia, Espresso, EigenDA
Testnet launch of the integration of Op Stack with EigenDA and Avail
Support ZK Stack
VITAL, MACH: Testnet launch with OP Stack support
TGE
Season 1 Airdrop

Q2 2024:

Testnet launch of the integration of Polygon CDK with alt DAs
VITAL, MACH: Mainnet launch with OP Stack support along with EigenLayer AVS mainnet
Alt staking for restaked rollups
VITAL, MACH: Testnet launch with Arbitrum Orbit support

Q3 2024:

Support non-EVM rollups
VITAL, MACH: Mainnet launch with Arbitrum Orbit support along with EigenLayer AVS mainnet