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Today’s recommendation:
- AltLayer (ALT)
$ALT
AltLayer (ALT) is the native utility token of the AltLayer ecosystem, a decentralized rollup protocol designed to enhance Web3 scalability. Here are some key details about ALT:
Features of AltLayer:
1. Restaked Rollups: AltLayer enables application-specific rollups using optimistic and ZK-rollup stacks. It leverages EigenLayer’s restaking mechanism to boost security, scalability, and interoperability.
2. Products:
• VITAL: Validates rollup blocks and issues fraud-proof challenges.
• MACH: Accelerates rollup finality by allowing restaking of Ethereum-based assets.
• SQUAD: Provides decentralized sequencing to improve network liveness and reduce reliance on single sequencers.
ALT Token Uses:
1. Economic Bond: Tokens act as a financial stake for rollup operations, with penalties for malicious behavior.
2. Governance: ALT holders participate in ecosystem decisions.
3. Fees and Incentives: Used for transactions and rewarded to ecosystem contributors.
Tokenomics:
• Total Supply: 10 billion ALT.
• Circulating Supply: 2.29 billion ALT (22.87% of total).
• Market Cap: $452.57 million.
• Price: ~$0.1985 as of now.
• Launch Date: January 25, 2024   .
Backing and Team:
• Investors include Binance Labs, Polychain Capital, and Jump Crypto.
• Founded by Dr. Yaoqi Jia, former CTO of Zilliqa 
- AltLayer (ALT)
$ALT
AltLayer (ALT) is the native utility token of the AltLayer ecosystem, a decentralized rollup protocol designed to enhance Web3 scalability. Here are some key details about ALT:
Features of AltLayer:
1. Restaked Rollups: AltLayer enables application-specific rollups using optimistic and ZK-rollup stacks. It leverages EigenLayer’s restaking mechanism to boost security, scalability, and interoperability.
2. Products:
• VITAL: Validates rollup blocks and issues fraud-proof challenges.
• MACH: Accelerates rollup finality by allowing restaking of Ethereum-based assets.
• SQUAD: Provides decentralized sequencing to improve network liveness and reduce reliance on single sequencers.
ALT Token Uses:
1. Economic Bond: Tokens act as a financial stake for rollup operations, with penalties for malicious behavior.
2. Governance: ALT holders participate in ecosystem decisions.
3. Fees and Incentives: Used for transactions and rewarded to ecosystem contributors.
Tokenomics:
• Total Supply: 10 billion ALT.
• Circulating Supply: 2.29 billion ALT (22.87% of total).
• Market Cap: $452.57 million.
• Price: ~$0.1985 as of now.
• Launch Date: January 25, 2024   .
Backing and Team:
• Investors include Binance Labs, Polychain Capital, and Jump Crypto.
• Founded by Dr. Yaoqi Jia, former CTO of Zilliqa 
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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