AltLayer is a project having strong fundamentals, similar to $TIA , and is one that has a viable idea and a narrative that addresses market challenges. Read this article now and consider investing in AltLayer 👇
1. What is #AltLayer ? 🔥
In simple terms, $ALT Layer is a tool that allows both developers and non-technical individuals to create a custom rollup in just 2 minutes with a few simple mouse clicks. This tool is called the Rollups-as-a-Service model (RaaS), which is flexible and does not require coding skills.
One interesting aspect of AltLayer is that it is designed for multi-chain and multi-virtual machine environments, supporting both EVM (Ethereum Virtual Machine) and WASM (WebAssembly). It is compatible with various SDK (Software Development Kit) rollup frameworks such as OP Stack, Arbitrum Orbit, Polygon zkEVM, ZK Stack by zkSync, and StarkWare.
👉You guys should research more about RaaS model to know how it works!

2. Tokenomics 🤖
Some basic metrics about $ALT
Total supply: 10,000,000,000 ALTLaunchpool: 500,000,000 ALT (5%)Initial circulating supply: 1,100,000,000 ALT (11%)Token Release schedule as shown in the image below:

3. Funds & Backers 🐳🦄
a. Funds
Investment funds come from all tier-1 investors with a strong presence in crypto, such as
Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase and former GP at a16z), Gavin Wood (Co-Founder of Ethereum, Parity), Sean Neville (Co-Founder of Circle), and Ryan Selkis (Founder of Messari)...
b. Backers
Up to now, AltLayer has partnered with more than 30 projects, including prominent names such as Ethereum, CelestiaOrg, Eigen Layer, Injective, RiscZero, NEAR, Biconomy, etc.
It has a large community, and its media channels have good engagement with over 500k followers.
4. Seed rounds and Listing Price Prediction
AltLayer raised $22.8M in two rounds
18.50% sold for $0.008/$ALT (fully diluted valuation of $80M)$0.018/$ALT (fully diluted valuation of $180M).
👉Key milestones to note:
Market Cap of $200M => price of $0.18/$ALTMarket Cap of $150M => price of $0.136/$ALTMarket Cap of $100M => price of $0.09/$ALTMarket Cap of $50M => price of $0.045/$ALT
To put it into perspective, if $XAI raised funding through 3 rounds with a fully diluted valuation ranging from $25M to $85M and listed on an exchange with an all-time high market cap of $300M, AltLayer would potentially have a much higher valuation.

$ALT is currently being traded OTC at around $0.3 with a market cap of approximately $300M.
👉 Therefore, the public price could potentially range from $0.25 to $0.5.
5. Other information
The allocation rate for AltLayer's airdrop is as follows:
72.5% of the airdrop is dedicated to NFT holders and campaign participants. This portion is primarily intended for OG (original) holders and participants in the modular narratives. Therefore, the likelihood of a significant sell-off is not high.17.54% of the airdrop is reserved for EigenLayer stakers. As EigenLayer is set to list, there may be criteria for receiving $ALT rewards for staking EigenLayer.$ALT is required as a fee for using services on the protocol. This creates an incentive for accumulation and staking to receive EigenLayer rewards and participate in the pump for modular narratives and restaking. Selling pressure is expected to come from a portion of the Launchpool and retailers.

6. Conclusion
This project is quite "smart" in leveraging the tooling developed by other partners. It builds upon the foundations laid by major projects. Have you participated in staking BNB to receive the $ALT airdrop yet?
AltLayer ($ALT) will be listed on Binance Spot at 10:00 UTC today, January 25, 2024. You should DYOR deeper into the project to fully assess its potential.

#ALT #AltLayerLaunch