The introduction of AltLayer (ALT) on Binance Launchpool is a major crypto community development. Binance Launchpool’s 45th project shows its commitment to blockchain and cryptocurrency innovation. AltLayer, the 45th project, integrates Optimistic and ZK Rollup Stacks to simplify Rollup creation. Binance Launchpool lets users stake Binance Coin (BNB) and FDUSD, a Dollar-anchored stablecoin, to farm ALT tokens.
Binance Plans to List ALT on January 25, 2024, ALT Tokenomics Unveiled
The start time for the 45th launchpool is January 19, 2024, at 00:00 (UTC). Individuals can deposit BNB and FDUSD into pools to receive airdrop of ALT tokens during the six-day farming cycle. The AltLayer homepage should launch 24 hours before the Launchpool.
Binance plans to list ALT at 10:00 (UTC) on January 25, 2024, following farming. Trading will begin with ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY. ALT will receive the Seed Tag during the listing. ALT gives vital information for prospective participants. The maximum token supply is 10 billion ALT. Launchpool awards will make up 5% of the token supply, 500 million ALT. ALT’s initial circulating quantity is 1.1 billion tokens, 11% of the maximum supply. Smart contract specifications show BNB Chain and Ethereum compatibility.
Staking ALT in the Launchpool requires KYC verification, demonstrating Binance’s commitment to regulatory compliance. Both the BNB and FDUSD pools have an hourly user limit to ensure prize distribution. Users can stake 277,777.77 ALT in the BNB pool, which accounts for 80% of prizes. The FDUSD pool’s hourly hard ceiling is 69,444.44 ALT, 20% of the rewards pool. The AltLayer Launchpool lets users invest in the project using their preferred coin and method.
AltLayer Launchpool Unveils New Opportunities for Binance Ecosystem Participants
Farmers in Canada, Cuba, Iran, Crimea Region, Japan, New Zealand, North Korea, Syria, Netherlands, the US and its territories, and ungoverned Ukraine may not be able to farm ALT. Binance discloses this information for regulatory purposes, and the prohibited locations list may change often.
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AltLayer on Binance Launchpool adds a new perspective to the ecosystem, boosting Binance’s prominence in the cryptocurrency sector. AltLayer’s cutting-edge technology for native and restaked Rollups advances decentralized finance.
Crypto enthusiasts and investors are eagerly expecting the start of ALT token farming as a unique opportunity to engage in a Binance ecosystem effort. The AltLayer Launchpool gives members new opportunities and shows Binance’s commitment to supporting innovative blockchain projects and growing the cryptocurrency ecosystem.