Do you remember the 519 incident?
The 519 incident happened in 2021, just over a year after the 312 incident. Before this, Bitcoin had surged to over $60,000. On May 18, the central bank issued a document stating that providing virtual currency trading services was suspected of engaging in illegal financial activities. Consequently, Bitcoin plummeted from $44,000 to $29,000, a 34% drop.
Now, let’s talk about $ALT , which has garnered significant attention recently.
AltLayer (ALT) is a decentralized and flexible Rollup-as-a-Service (RaaS) protocol focused on delivering highly scalable Layer 2 solutions for blockchain applications. ALT users can earn basic rewards by staking ALT tokens in the main reward pool. Additionally, through re-staking, ALT can be delegated to various Launchpool pools to secure future rewards from projects like Xterio, SWELL, and DODO.
Re-staking has become a popular strategy in 2024. By holding and staking a token, users generate corresponding liquidity tokens, which can then be re-staked in other related projects to earn income from multiple sources simultaneously. Overall, this approach remains highly beneficial.
