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

AltLayer is an advanced platform specifically designed for application developers to enhance and integrate execution layers.

What Is Altlayer (alt)? Binance Launchpool’s 45th Launch_65d5d0ca8c949.webp

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.

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