RaaS platform AltLayer, which facilitates the creation of customized L2 networks, has announced the launch of its ALT token with the support of Binance Launchpool.
BREAKING NEWS: ALT — the official token that will power the AltLayer ecosystem — will soon be launched on @binance Launchpool.https://t.co/KRQ0LRM2qy
— AltLayer (@alt_layer) January 17, 2024
Users of the largest cryptocurrency exchange can lock BNB and the stablecoin FDUSD to farm the new asset. The campaign will run from January 19 to 25. A total of 500 billion ALT — 5% of the total supply — will be distributed.
Subsequently, the asset will be available for trading in pairs ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY.
Shortly after listing, AltLayer will also conduct an airdrop among early project followers, including NFT holders and participants in various social activities. A snapshot was taken on January 17.
“Note that this is the first wave of token distribution to our community. More airdrops will follow in the coming months,” the developers emphasized.
They added that rewards will also be given to qualified EigenLayer restakers and Celestia stakers.
Previously, AltLayer raised $22.8 million through two rounds of private token sales, allocating 18.5% of the ALT supply.
Earlier, DEX aggregator Jupiter announced the official launch of its JUP token, accompanied by an airdrop.