Binance unveils Lauchpool for AltLayer (ALT)

Binance prepares to open its latest Launchpool with the Rollups-as-a-Service project AltLayer. The giant of the cryptocurrencies will list its token ALT afterwards.

On Wednesday, Binance announced that AltLayera provider of Rollup-as-a-Service (RaaS) solutions designed to accelerate the deployment of “highly scalable” DApps, was the next project in its Launchpool program.

Binance is delighted to announce the 45th project on Binance Launchpool – AltLayer (ALT), a platform offering native and reorganized rollups with Optimistic and ZK rollup stacks. […] Users will be able to place their BNB and FDUSD in separate pools to operate ALT tokens over 6 days, starting on 19/01/2024 at 00:00 (UTC),” the exchange said.

As a reminder, Binance Launchpool allows users to acquire tokens in the form of rewards for staking BNB or other tokens.

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The renowned crypto exchange then plans to list the project’s native token with the Seed tag and Bitcoin, USDT, BNB or even FDUSD pairs on its trading platform. ALT has a total offering of 10 billion units and the initial offering will be 1.1 billion, according to the announcement.

Last summer, Binance made an undisclosed investment in AltLayer. The startup has designed a multi-VM protocol (EVM/WASM) enabling both experienced and novice developers to create a customized rollup in just a few minutes.

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On X, AltLayer at the same time presented the tokenomics of its token and indicated that an airdrop will also take place to reward members of its community.

AltLayer’s Launchpool will succeed that of Manta Network , which opened earlier this week on Binance.

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