AltLayer is online and airdropped. The airdrop objects include AltLayer OG Badge NFT and Oh Ottie! NFT holders, Altitude event eligible participants, as well as EigenLayer re-hypothecaters and Celestia stakers.
Except for the TIA pledge, the claim quantity cannot be checked, and other parts can be checked and claimed.
I saw the number of ALT airdrops shared by players on Twitter, ranging from 200 to thousands. For those who have participated in ALT task interactions and NFT holders, you can check the number of airdrops.
What is AltLayer?
AltLayer is a decentralized, elastic Rollup-as-a-Service (RaaS) protocol dedicated to providing highly scalable Layer 2 solutions for blockchain applications.
AltLayer is a temporary extension layer built on OptimisticRollups, connected to Layer1 and Layer2 such as Ethereum, Solana, Arbitrum, Optimism, etc.;
It has the characteristics of multi-chain and multi-VM support, elastic rollup technology, code-free deployment and decentralized coordination, etc. to solve problems such as on-chain congestion and high transaction fees.
Simply put, developers only need to click buttons and configure parameters, and use AltLayer's launchpad or control panel to quickly publish application-specific Rollups in a few minutes and create a Rollup service platform.
For example, in the process of some popular NFT Mint projects, AltLayer can solve the problem of on-chain congestion.
Due to the limited supply of NFT, each Mint will have a short-term surge in high TPS demand, which will also bring about a large number of transaction failures and network congestion.
AltLayer provides a temporary Rollup to quickly expand and prevent congestion on the basic chain; after Mint ends, the Rollup can be disbanded and the assets and status return to the basic chain.
With the support of AltLayer's expansion technology, there will no longer be a situation like the boring ape Otherdeeds land sale, when casting an NFT, a single gas transaction reaches 2.7ETH.
At that time, the entire project of Otherdeed for Otherside was minted and contributed a total of US$180 million in sky-high gas fees.
AltLayer provides technical support and customized execution environments for scenarios with short-term high TPS demand, such as NFT Mint and GameFi, and provides flexible, low-cost and rapid deployment RaaS solutions for various applications.
How to receive AltLayer airdrop?
AltLayer has launched airdrop query, the query address is airdrop.altlayer.io.
An airdrop for NFT holders, OG, and EigenLayer and Celestia stakers, ALT tokens will also be listed on the Binance platform in a few hours.
ALT is the native token of AltLayer. Its main functions are economic binding, governance, operator agreement incentives and user service fees.
The total amount of ATL is 10 billion, of which 18.5% is allocated to investors, 5% is allocated to Binance Launchpool, 15% is allocated to the team, 5% is allocated to strategic advisors, 20% is allocated to protocol development, 21.5% is allocated to the treasury, and the ecosystem and The community allocates 15%.
AltLayer raised $22.8 million through two rounds of private token sales, with 18.50% of total ALT sold at prices of 0.008 USDT and 0.018 USDT respectively.
ALT is about to be launched for trading, and the private placement cost is 0.018. Some people predict that the price may be around 0.2-0.3 US dollars after the launch. Ultimately, it depends on the market reaction.
What are the future expectations for AltLayer?
In July 2022, AltLayer completed a $7.2 million seed round of financing.
Led by Polychain Capital and Jump Crypto, well-known investors such as Polkadot founder Gavin Wood and former Coinbase CTO Balaji Srinivasan also participated.
In August 2023, it also received investment from Binance Labs.
The AltLayer team has a strong background, with members coming from top projects in the blockchain field, and has a strong technical team and financial support.
Ethereum's liquidity and user traffic have brought huge ecological opportunities to the project, but high gas fees and on-chain congestion have also plagued the project experience and further development. AltLayer came into being under such needs.
With the rise of the modular concept, especially as Celsetia pledge continues to obtain air investment qualifications for different projects, modular blockchains have received more attention.
AltLayer, as a decentralized and highly scalable L2 solution, may also achieve good development driven by the modular concept, so stay tuned.
The above is just my personal opinion, no investment advice. I am Chuxiaolian, and I am paying attention to the encryption market and web3.
