AltLayer To Launch Token On Jan. 25

Restaked rollup provider will airdrop ALT tokens to early supporters, including Eigenlayer and Celestia stakers.

AltLayer, a decentralized protocol specializing in rollup networks, plans to launch its native ALT token on Jan. 25.

The project will airdrop ALT tokens to early adopters, which include AltLayer OG Badge NFT holders, Oh Ottie! NFT holders, qualified participants of Altitude campaigns, as well as qualified EigenLayer restakers and Celestia stakers.

The ALT token will be launched through Binance Launchpool, enabling Binance users to stake BNB and FDUSD and farm ALT tokens for six days starting on Jan. 19.

With Restaked Rollups, AltLayer aims to combine the ease of using rollup stacks with the restaking mechanism of EigenLayer. Restaked rollups consist of three Actively Validated Services, offering state correctness verification, faster finality, and decentralized sequencing.

AltLayer's ecosystem encompasses various infrastructure providers, including EigenLayer, Espresso, Astria, Radius, Celestia, EigenDA, Avail, OP Stack, ZKStack, Arbitrum Orbit, Polygon CDK, and more.

Notable projects in gaming, DeFi, and other sectors have chosen to utilize AltLayer's services. Among them are Double Jump Tokyo, Avive, Cometh, Polychain Monsters, Port3 Network.

As AltLayer's native utility token, ALT will be used for bonding, governance voting, incentivization rewards for operators, and network transaction fees. Additional airdrops are planned for wider ecosystem partners and supporters in the upcoming months.