Unveiling AltLayer (ALT): Binance's Pioneering 45th Launchpool Project

Introduction

Binance, the global blockchain company behind the world's largest cryptocurrency exchange, is thrilled to introduce the 45th project on its Binance Launchpool - AltLayer (ALT). This innovative platform is designed to revolutionize the crypto space by enabling the launch of native and restaked Rollups, incorporating both Optimistic and ZK Rollup Stacks. The dedicated webpage for AltLayer is set to go live in 24 hours, just in time for the Launchpool's commencement.

Launchpool and Farming Details

The Binance Launchpool has become a hallmark of innovation, allowing users to leverage their existing assets to farm new tokens. With AltLayer's introduction, users have the unique opportunity to stake their BNB and FDUSD into separate pools to farm ALT tokens. This exciting farming period is scheduled to last for six days, beginning sharply at 2024-01-19 00:00 (UTC).

Listing and Trading Information

Following the farming period, Binance is set to list ALT on 2024-01-25 at 10:00 (UTC), broadening the horizon for ALT holders. The listing will introduce multiple trading pairs, including ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY. Additionally, the Seed Tag will be applied to ALT, ensuring a structured and transparent trading environment.

ALT Launchpool Tokenomics

AltLayer's entry into the market is backed by robust tokenomics. The token, named AltLayer (ALT), has a max supply capped at 10,000,000,000 ALT. Notably, the Launchpool token rewards are set at 500,000,000 ALT, representing 5% of the maximum token supply. The initial circulating supply is slated to be 1,100,000,000 ALT, which is 11% of the max token supply. AltLayer operates on both the BNB Chain and Ethereum, adhering to the highest standards of blockchain technology. Participants should note that staking terms include a mandatory KYC process.

Staking Details and Reward Structure

The Launchpool imposes an hourly hard cap per user, set at 277,777.77 ALT for the BNB pool and 69,444.44 ALT for the FDUSD pool. These pools are not only a testament to Binance's commitment to providing diverse investment opportunities but also come with enticing rewards. The BNB pool offers a staggering 400,000,000 ALT in rewards, accounting for 80% of the total, while the FDUSD pool provides 100,000,000 ALT, making up the remaining 20%. The farming period, stretching from 2024-01-19 00:00 (UTC) to 2024-01-24 23:59 (UTC), promises daily rewards totaling 83,333,333.33 ALT, with the BNB and FDUSD pools receiving 66,666,666.66 ALT and 16,666,666.66 ALT respectively.

Conclusion

Binance's 45th project, AltLayer (ALT), marks a significant milestone in the continuous evolution of the crypto space. With its innovative approach to launching native and restaked Rollups and a solid reward structure, AltLayer stands poised to captivate the interest of the crypto community. As the Launchpool gears up to start, and with the trading pairs set to go live, participants are encouraged to engage actively, ensuring compliance with all terms and timelines.