Binance, the world’s largest cryptocurrency exchange, today announced its 45th launchpool project is AltLayer (ALT).
Binance also stated that it will list ALT at 10:00 UTC on January 25 and that the ALT/BTC, ALT/USDT and ALT/BNB, ALT/FDUSD and ALT/TRY trading pairs will be available for trading.
Following this announcement from Binance, the AltLayer team announced that they will launch their native ALT token on January 25th.
At this point the team stated that it will be released via Binance Launchpool after the farming period starting on January 19, and also gave the good news of an airdrop for its first users after the listing.
Explaining the details, the team said that the project’s early supporters after the listing, including NFT owners and those participating in community campaigns, could participate in the airdrop, and that the snapshot of the airdrop was taken on the 17th January.
“Please note that this airdrop is the first wave of airdrops for our community.
Additional rollouts will be made to our partners and supporters across the broader ecosystem in the coming months.
AltLayer will then also announce airdrops for qualified EigenLayer and Celestia stakers.”
BREAKING NEWS: ALT – the official token that will power the AltLayer ecosystem – will soon launch on @binance Launchpool.https://t.co/KRQ0LRM2qy
— AltLayer (@alt_layer) January 17, 2024
Stating that 1.1 billion tokens will be released to the market in the first phase, the team said that 15% of the total supply will be earmarked for the airdrop.
Finally, the team stated that community members who reside in or are citizens of the United States, Canada, China, Iran, Cuba, North Korea, Syria, Myanmar (Burma), Crimea, Donetsk, or Luhansk regions are not eligible for airdrop.
