Leading cryptocurrency exchange Binance announced its 45th project on Launchpool: AltLayer (ALT). AltLayer is a platform designed for launching native and reshared rollups, supporting both Optimistic and ZK Rollup Stacks. Here are the details…
Binance introduced the new Launchpool project
Users can participate in the AltLayer Launchpool by staking BNB and FDUSD tokens into separate pools, thus collecting ALT tokens over a six-day period. Farming activity is planned to start at 03:00 on January 19, 2024. Following the conclusion of the Launchpool, Binance will officially list ALT on January 25, 2024 at 1:00 PM ET. Trading will be initiated with a variety of pairs including ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD and ALT/TRY. ALT will also carry the Seed Tag when listing. Details of AltLayer Launchpool:
- – Token name: AltLayer (ALT)
- – Maximum token supply: 10,000,000,000 ALT
- – Launchpool token rewards: 500,000,000 SALT (5% of maximum token supply)
- – Initial supply in circulation: 1,100,000,000 ALT (11% of maximum token supply)
- – Smart contract details: BNB Chain, Ethereum
- – Staking requirements: KYC required
What are the staking details?
To participate in the AltLayer Launchpool project, users must be aware of the following details:
Fixed hourly limit per user:
- 277,777.77 SALT in BNB pool
- 69,444.44 ALT in FDUSD pool
Supported repositories
- 1. For BNB stakers: 400,000,000 ALT reward (80%)
- 2. For FDUSD stakers: 100,000,000 ALT reward (20%)
AltLayer farming period is set to last from January 19, 2024 at 03:00 CET until January 25, 2024 at 02:59 CET. Launchpool offers users a unique opportunity to participate in the growth of AltLayer while earning ALT tokens through strategic staking.
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