Binance is thrilled to announce the inclusion of AltLayer (ALT) as the 45th project on Binance Launchpool. AltLayer is a platform that facilitates the launch of native and restaked Rollups using both Optimistic and ZK Rollup Stacks. The webpage for AltLayer is expected to be available within the next 24 hours, just before the Launchpool commences.

During a period of six days starting from January 19, 2024, at 00:00 (UTC), users will have the opportunity to stake their BNB and FDUSD into separate pools in order to earn ALT tokens.

Following this, Binance will list ALT on January 25, 2024, at 10:00 (UTC) and enable trading with ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY trading pairs. The Seed Tag will be applied to ALT.

Here are the key details of the ALT Launchpool:

  • Token Name: AltLayer (ALT)
  • Max Token Supply: 10,000,000,000 ALT
  • Launchpool Token Rewards: 500,000,000 ALT (5% of max token supply)
  • Initial Circulating Supply: 1,100,000,000 ALT (11% of max token supply)
  • Smart Contract Details: BNB Chain, Ethereum
  • Staking Terms: KYC required
  • Hourly Hard Cap per User:
    • 277,777.77 ALT in BNB pool
    • 69,444.44 ALT in FDUSD pool
  • Supported Pools:
    • Stake BNB: 400,000,000 ALT in rewards (80%)
    • Stake FDUSD: 100,000,000 ALT in rewards (20%)

The farming period for ALT will run from January 19, 2024, at 00:00 (UTC) to January 24, 2024, at 23:59 (UTC).

Below is the breakdown of the ALT Farming Distribution:

Dates (UTC) Total Daily Rewards (ALT) BNB Pool Daily Rewards (ALT) FDUSD Pool Daily Rewards (ALT)
2024-01-19 - 2024-01-24 83,333,333.33 66,666,666.66 16,666,666.66

To learn more about AltLayer (ALT), please refer to our research report, which will be available within 30 minutes of publishing this announcement.

Project Links:

  • Website
  • Whitepaper
  • Twitter
  • Discord
  • Telegram
  • Medium

Please take note of the following:

  • Snapshots of user balances and total pool balances will be taken multiple times each hour to calculate user rewards based on hourly average balances. Rewards will be updated hourly and can be accumulated and claimed directly to spot accounts at any time.
  • The Annual Percentage Yield (APY) and total pool balance of each pool will be updated in real time.
  • Tokens can only be staked in one pool at a time. Users cannot stake the same BNB into two different pools simultaneously but can allocate 50% to one pool and 50% to another.
  • Users have the flexibility to unstake their funds at any time with no delay and participate in other available pools immediately.
  • At the end of each farming period, tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts.
  • Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in these products will automatically participate in the Launchpool and receive new token rewards.
  • If multiple Launchpool projects run concurrently, users’ BNB assets in BNB Vault and Locked Products will be divided equally among the projects, unless specified otherwise.
  • BNB assets collateralizing against Binance Loans (Flexible Rate) are not eligible for Launchpool rewards.
  • Staking BNB into Launchpool still offers users standard benefits, including airdrops, Launchpad eligibility, and VIP benefits.
  • Eligibility to participate in Launchpool is subject to the user’s country or region of residence. Check the instructions on the Launchpool page for more information.
  • Users must complete their account verification and be from an eligible jurisdiction to participate in farming ALT. Residents of Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, the United States of America, and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), as well as any non-government-controlled areas of Ukraine, are currently excluded from farming ALT.
  • This list of excluded countries may change periodically in response to legal, regulatory, or other considerations.

Note: Translations of this article may contain discrepancies. Please refer to the original English version for the latest and most accurate information.

Thank you for your continued support!

Binance Team 2024-01-17