AltLayer (ALT) is a decentralized, resilient Rollup-as-a-Service (RaaS) protocol designed to provide highly scalable solutions for blockchain applications. On January 25, its native utility token $ALT was launched on the Binance Launchpool platform. This article will introduce in detail AltLayer’s operating principles, token economics, airdrop plans and future price predictions to help you fully understand this project.

What is AltLayer (ALT)?

AltLayer (ALT) is a superior blockchain scaling solution that is committed to providing efficient and efficient solutions for various blockchain applications with its decentralized and elastic Rollup-as-a-Service (RaaS) protocol. Scalable second layer solution. As an innovator in blockchain technology, AltLayer achieves self-management of transaction batches through its unique rollup optimism model and beacon chain sequencer network, further improving the performance and scalability of the blockchain.

The core components of AltLayer are based on the Substrate framework and fully support WASM and EVM virtual machines, thus providing powerful Layer-1 support outside the EVM chain. This innovative design enables AltLayer to seamlessly connect with multiple mainstream blockchain networks (including Ethereum, Solana, Arbitrum and Optimism, etc.), taking full advantage of multi-chain, multi-VM support, flexible rollup technology, codeless deployment and decentralization. coordination and other advantages.

For developers, using AltLayer means being able to easily create highly customized Rollups and publish them to the blockchain in a short time. Through its intuitive launchpad or control panel, developers can quickly configure parameters and launch the Rollup service platform, thereby simplifying the development process and accelerating application time to market.

In terms of financing, AltLayer has successfully completed two rounds of financing. The first seed round was completed on February 17, 2022, raising a total of US$7.2 million in funding, led by well-known investment institutions Polychain Capital, Jump Crypto and Breyer Capital. Binance Lab also joined this wave on August 4, 2023, and became one of AltLayer’s investors. Although the specific amount raised and valuation have not yet been disclosed to the public, these investments undoubtedly provide a solid financial foundation for AltLayer's further development and innovation.

In addition, AltLayer has established partnerships with several well-known companies in the cryptocurrency market, including Arbitrum, Orbiter Finance, Celestia, and EigenLayer. These partners not only provide AltLayer with valuable resources and cooperation opportunities, but also jointly promote the progress and innovation of blockchain technology.

AltLayer's core products

AltLayer's core products include Restked Rollup, VITAL, MACH and SQUAD, which are all designed to improve the scalability and security of blockchain networks.

Restaked Rollup：

· Function: Provide Rollup Layer services for various Rollups to improve transaction processing capabilities and decentralization.

· Features: Enhance network security with Active Authentication Service (AVS), including authenticators such as VITAL, MACH and SQUAD.

VITAL：

· Positioning: Active verification service located between Rollup and Layer 1.

· Function: Verify transactions and status from Rollup to ensure the security of the network.

MACH：

·Purpose: To speed up Rollup’s transaction speed.

· Mode: including pessimistic mode, optimistic mode and validity proof mode.

SQUAD：

· Function: Helps decentralize the sequencer and improve the decentralization of the sequencer.

Purpose: Minimize issues such as Maximum Extractable Value (MEV) or performance dependence on a single sequencer.

other products:

· Multifunctional Rollup stack: Provides the necessary layers for projects seeking to implement Rollup, including a settlement layer and a data availability layer.

· No-code dashboard: Provides RaaS services for developers or inexperienced users to create Rollup-related code.

· FlashGPT: An artificial intelligence chatbot application that helps users build Rollups and create smart contracts.

· Ephemeral Rollups: Tailored for dApp developers expecting surges in demand, quickly launch scalable rollups protected by Layer 1.

These core products and other products are designed to improve the scalability and security of blockchain networks, providing comprehensive solutions for Web3 projects. By leveraging re-staking mechanisms, active verification services and decentralized technology, AltLayer's products not only improve network performance and security, but also provide developers with convenient development tools and platforms, promoting the further development and development of blockchain technology. application.
What is ALT coin?
ALT coin is a native utility token, and the project it belongs to is AltLayer. AltLayer is a pioneer in Rollup technology, through which it aims to change the way blockchain networks handle scalability and security. AltLayer stands at the forefront of blockchain technology, with advanced frameworks and strong partnerships, and is expected to be a game changer in the blockchain world.

In AltLayer's ecosystem, ALT coins play multiple roles. First, as an economic bond, ALT coins are staked alongside re-pledged assets, providing economic security to the entire ecosystem. In addition, ALT token holders have governance rights and can make key decisions on the future of the protocol. The token also incentivizes protocol operators to provide services and is used to pay for services within the network.

Detailed explanation of Alt token economics

Alt Token Economics mainly focuses on the total supply of tokens, the initial circulating supply, and the distribution of tokens. These factors jointly determine the market demand for tokens, price formation, and the operation of the entire ecosystem.

1. Total supply and initial circulating supply

· Total supply: The total supply of Alt is 10,000,000,000 ALT, which is a fairly large number and shows that Alt is a relatively decentralized network. The setting of the total supply usually reflects the project’s long-term vision and token economics model.

· Initial circulating supply: The initial circulating supply is 1,100,000,000 ALT, accounting for 11% of the total supply. This ratio means that approximately 11% of the tokens will enter the circulation market when the project is launched. This helps provide the necessary liquidity for transactions and activities in the early stages of the project.

1. Token distribution

· Investors: 18.5% of tokens are allocated to investors. This is a common strategy to raise capital for a project and incentivize long-term holding. This allocation helps build an investor base and provides support for the long-term development of the project.

· Binance Launchpool: 5% allocated to Binance Launchpool. This may be related to the cooperation agreement between the project party and the exchange to support the early promotion and market construction of the project.

· Team and Consultants: 15% allocated to the team and 5% allocated to strategic consultants. These tokens are often used as rewards for team members to incentivize them to contribute to the long-term success of the project. At the same time, the participation of strategic consultants also helps to enhance the professionalism and credibility of the project.

· Protocol development: 20% is allocated to protocol development, which shows that the project party attaches great importance to technology research and development and continuous innovation investment to ensure the security, stability and sustainable development of the protocol.

· Vault vs. Ecosystem and Community: 21.5% allocated to the Vault and 15% allocated to the Ecosystem and Community. The treasury may be used to reserve funds to meet future challenges and opportunities. The token distribution of the ecosystem and community is to encourage developers, partners and users to participate in the construction and development of the network and promote the prosperity of the entire ecosystem.

Alt Token Sale
It is an important means for AltLayer to raise funds and promote its projects. Through private placement and public placement, project parties can attract investors and provide necessary liquidity for the early circulation of tokens.

1. Private token sales: AltLayer successfully raised US$22.8 million through two rounds of private token sales, accounting for 18.5% of the total ALT token supply. This ratio is quite high, indicating the project side’s trust and emphasis on private equity investors. The list of investors includes some well-known cryptocurrency funds and industry experts such as Polychain Capital, Binance Labs, TRGC, Jump Crypto, etc. These investors not only provide financial support for the project, but also bring a wealth of industry resources and network relationships to AltLayer.

2. Binance Launchpool: Binance’s Launchpool provides users with an opportunity to mine ALT tokens by staking BNB and FDUSD. This mechanism provides investors with a way to directly participate in the AltLayer ecosystem, while also introducing more liquidity and attention to the project side. Staking conditions require KYC (Know Your Customer) verification to ensure the legitimacy of participants. Staking BNB can get 400,000,000 ALT rewards, and staking FDUSD can get 100,000,000 ALT rewards. This incentive mechanism helps attract more investors to participate.

3. Public offering and circulation: In addition to private placement and Binance Launchpool, some ALT tokens will also enter the public offering market for circulation. The price of tokens in the public offering market is determined by market supply and demand, and investors can buy or sell according to their needs and risk preferences. As the project progresses and the ecosystem continues to grow, the circulation and usage scenarios of ALT tokens will gradually increase, attracting more investors and users.

AltLayer airdrop

AltLayer also applied for an airdrop. Airdrop users include those who staked on Celestia and EigenLayer, AltLayer NFT holders, and participants in community activities.

The first airdrop included 300 million ALT tokens ($87 million), representing 3% of the total supply.
ALT token airdrop summary list:

Price trend analysis of ALT tokens

Since Binance listed the ALT token trading pair on January 25, the price trend of the ALT token has been attracting attention. As one of Binance’s trading pairs, the trading volume of ALT/BTC increased rapidly in the early days of its launch, setting a good trading record. At the same time, the liquidity of other trading pairs such as ALT/USDT, ALT/BNB, ALT/FDUSD and ALT/TRY has also been significantly improved.

Within 24 hours after going online, the price of ALT tokens showed an upward trend. According to the latest data, the price of ALT tokens on Binance reached a maximum of $0.345802, a price increase of 12.61% compared to the previous day’s closing price.

ALTlayer ALT Token Price Prediction In-Depth Analysis

When discussing the future price trend of the ALTlayer ALT token, we cannot ignore the strong potential behind it. First, let’s break it down from a technical perspective.

Technology leads the future:

The Restaked Rollup technology used by ALTlayer is undoubtedly the core value of its token ALT. This innovative technology has the potential to gain widespread attention and applications in the blockchain ecosystem. With the popularization of technology and the expansion of the ecosystem, the demand for ALT tokens is expected to continue to grow, thus driving up its price steadily.

Strong backing:

The endorsement of well-known investment institutions such as Polychain Capital and Binance Labs has injected strong trust and confidence into the ALTlayer project. The resources and experience of these institutions not only bring valuable support to the project, but also provide solid support for the stability and increase of token prices.

However, investing in the cryptocurrency market, especially predictions of future prices, requires a cautious and sensible attitude. Although ALT tokens have shown great potential, market uncertainty and risk factors remain.

Market uncertainty:

The volatility of the cryptocurrency market is a reality that investors must face. From the macroeconomic environment to policy changes to technological development, many factors may affect the price trend of ALT tokens. Therefore, any price predictions should be viewed as preliminary and speculative opinions rather than firm conclusions.

AltLayer: An in-depth look at the future

In the context of the booming Ethereum ecosystem, AltLayer undoubtedly carries huge expectations. It aims to solve the problem of high gas fees and on-chain congestion, providing a smoother and more efficient solution. This positioning gives it a unique advantage in the ever-expanding blockchain market.

Technological innovation leads the future:

Ethereum's liquidity and user traffic provide AltLayer with valuable ecological resources. But more importantly, AltLayer's technological innovation has opened up a broad space for development. Rollup technology not only reduces transaction costs, but also increases throughput, laying a solid foundation for AltLayer's leading position in future competition.

The rise of the modular concept:

With the popularity of the modular concept, especially the wide recognition of Celsetia Promise in different projects, modular blockchain has gradually become the focus of the industry. As a decentralized and highly scalable L2 solution, AltLayer is expected to become the industry leader driven by the modular concept.

The blueprint outlook of the roadmap:

AltLayer’s roadmap is full of ambitions. The upcoming test network and main network support for various technologies indicate its future development potential. This kind of forward-looking planning not only demonstrates the strength and determination of the team, but also brings confidence to investors and partners.

Conclusion
AltLayer stands at the forefront of Rollup technology and is committed to changing the scalability and security of blockchain networks. With its advanced technology framework and strong partnerships, AltLayer is poised to be a game changer in the blockchain world. If you are interested in its projects, please follow the official website and official social media for the latest information. Be wary of related scams and ensure investment safety.
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