1. Project introduction
AltLayer is a decentralized and flexible Raas protocol. Its core network Beacon Layer creates a codeless Rollups-as-a-Service dashboard that allows developers to quickly customize Rollups with fraud and zero-knowledge proofs. In addition, AltLayer also integrates the innovative concept of Restaked Rollups. On the one hand, by using Rollup (which can be derived from any Rollup stack, such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.), AltLayer provides these Rollups with enhanced security, decentralization, and interoperability. On the other hand, through EigenLayer's re-pledge mechanism, AltLayer not only improves economic security, but also lays the foundation for the stability and sustainability of the network.
2. Investment institutions
AltLayer received first-round financing in 2022 from well-known VCs and institutional founders such as Jump Crypto, Polkadot founder Gavin Wood, former Coinbase chief technology officer and former a16z partner Balaji Srinivasan.
3. Project hot spots
AltLayer has raised $22.8MM through two rounds of private token sales, in which 18.50% of the total ALT token supply was sold at $0.008/ALT and $0.018/ALT.
3.ALT Overview
As of January 17, 2024, the total supply of ALT is 10 billion, with a post-listing circulating supply of 1.1 billion (11% of the total token supply).
The distribution of tokens is shown in the figure below.
The Binance Launchpool accounts for 5% of the total token supply, with the team, investors, and advisors owning 15%, 18.5%, and 5% respectively. 20% is used for the future development of the protocol, 15% is allocated to the ecosystem and community, and the treasury receives 21.5%.
4. Other project information:
Risk reminder: There are huge risks in virtual asset transactions, please purchase carefully and pay attention to transaction risks. The contents of the announcement and other information on BiFinance do not constitute trading advice, and BiFinance will not bear any direct or indirect losses arising from reliance on such information. BiFinance does not undertake guarantee, compensation and other responsibilities for transaction behavior.
BiFinance Team
January 22， 2024
Follow us: Official Website | Twitter ｜ Telegram | Medium | Facebook
Comments
0 comments
Article is closed for comments.