Binance has announced their 45th project on Binance Launchpool - AltLayer (ALT). AltLayer is a platform that facilitates the launch of native and restaked Rollups with both Optimistic and ZK Rollup stacks.
Anticipating the excitement among users, Binance has revealed that users will have the opportunity to stake their BNB and FDUSD in separate pools, enabling them to farm the ALT tokens over a period of six days, starting from January 19, 2024 at 00:00 (UTC).
Following the farming period, Binance will list ALT on January 25, 2024 at 10:00 (UTC), with the opening of trading pairs for ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY.
Key details about AltLayer Launchpool include:
- Token Name: AltLayer (ALT)
- Maximum Token Supply: 10,000,000,000 ALT
- Launchpool Token Rewards: 500,000,000 ALT (5% of max token supply)
- Initial Circulating Supply: 1,100,000,000 ALT (11% of max token supply)
- Smart Contract Details: BNB Chain, Ethereum
- Staking Terms: KYC required
The pool rewards and respective hard caps are as follows:
- Hourly Hard Cap per User:
- 277,777.77 ALT - BNB pool
- 69,444.44 ALT - FDUSD pool
- Supported Pools:
- Stake BNB (80% of rewards): 400,000,000 ALT
- Stake FDUSD (20% of rewards): 100,000,000 ALT
The Farming Period will commence on January 19, 2024, at 00:00 (UTC) and continue until January 24, 2024, at 23:59 (UTC).
The introduction of ALT on Binance's Launchpool illustrates the exchange's ongoing commitment to bring cutting-edge investment options and opportunities directly to its users while expanding the range of available digital assets.