Binance, the world’s largest cryptocurrency exchange by trading volume, has announced AltLayer (ALT) as its latest Launchpool project. AltLayer is a platform designed to facilitate the launch of native and restructured Rollups using both Optimistic and ZK Rollup Stacks, aiming to provide accessible solutions in the blockchain space.
Following the announcement of Manta (MANTA) as the 44th Launchpool project, Binance has quickly moved on to unveil AltLayer. This new project stands out for its focus on Rollup technologies, which are critical for scaling blockchain networks and improving transaction efficiency.
Starting from January 19, 2024, at 03:00 AM (UTC+3), users will be able to stake their BNB and FDUSD in separate pools to farm ALT tokens over a six-day period. The farming phase will conclude on January 24, 2024, at 02:59 AM (UTC+3).
Binance is set to list ALT on January 25, 2024, at 01:00 PM (UTC+3), offering trading pairs such as ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY. The ALT token will be tagged as a “Seed Project” upon its listing.
The maximum token supply for AltLayer is set at 10 billion, with 500 million tokens (5% of the max supply) allocated for Launchpool rewards. The initial circulating supply will be 1.1 billion tokens, representing 11% of the maximum supply. Users can farm ALT tokens within the set hourly limits for the BNB and FDUSD pools during the farming period.