AltLayer to Launch $ALT and Plan Airdrop for EigenLayer Restakers and Celestia Stakers
Reported by The Block, AltLayer, a decentralized protocol for restaked rollups, announced to launch its $ALT token via Binance Launchpool.
Binance users will be able to stake BNB and the FDUSD stablecoin to farm ALT tokens over six days from 00:00 UTC on Friday, with the crypto exchange then listing the utility token on Jan. 25 at 10:00 UTC, offering ALT/BTC, ALT/USDT and ALT/BNB, ALT/FDUSD and ALT/TRY trading pairs. Binance Launchpoolโs allocation accounts for 500,000,000 ALT โ 5.00% of the total 10 billion token supply.
AltLayer will also be conducting an airdrop to early supporters of the project upon listing, including its NFT holders and participants in community campaigns. The project said a snapshot of all qualified addresses was taken on Jan. 17, with more details to be shared in the coming days.
โDo note that this is the first wave of airdrop to our community. More airdrops to our wider ecosystem partners and supporters will follow in the coming months,โ AltLayer added, with airdrops for qualified EigenLayer restakers and Celestia stakers also to be announced.
AltLayerโs protocol enables restaked rollups, merging existing rollups from stacks such as OP Stack, Arbitrum Stack, ZKStack and Polygon CDK with EigenLayerโs restaking mechanism to โbootstrap network security and build a decentralized network,โ according to the team.
AltLayer's native utility token will serve as an economic bond, where it, alongside restaked assets, provides a stake that can be reduced in the case of malicious behavior. Additionally, ALT token holders will have the ability to participate in governance decisions, operators within the AltLayer ecosystem will be rewarded with ALT tokens and network participants will be required to pay protocol fees using ALT.
AltLayer previously raised $22.8 million from two rounds of private token sales, accounting for 18.5% of the total ALT token supply.
๐ "ALT (Altlayer) - a promising project, especially considering our confident long-term position entered at 0.35$ with a first target at 1$. Holding this position currently makes sense as we anticipate further growth. The high total value locked (TVL) of the coin and interest from major investors only confirm the project's potential. Under these conditions, acquiring the coin now could be a prudent move, considering its movement is just beginning, offering new opportunities for us as investors. ๐ฐ"
Let's say you have $10,000 and want to invest it effectively. What to do? Let me tell you what I would do. The main thing in investments is diversification - the distribution of funds between different groups of assets. Never go all-in on any project or topic. So, my recommendations:
$ALT Iโll tell you a simple thing that will give you wealth in the near future. Ask yourself a simple question: how much money can you allocate every day so that you donโt even feel any inconvenience? I calculated that for me itโs 50 dollars And every day I start my morning with a purchase of 50 dollars ALT
In 3 weeks, $1,500 was invested into the wallet And, the profit from the growth of the coin is more than 1000 dollars
Starknet has launched the second phase of the airdrop for those who will use defi projects on their blockchain. The promotion will last 6 months, and tokens will be issued every 2 weeks. A total of 40 million tokens have been allocated. With this you can farm several airdrops at once, both from starknet and from projects. Below are the projects that are participating in this promotion and that are planning their own airdrop.
1. Nostra - throw in some of our strk tokens and sit and accumulate points until the airdrop
2. Zklend - a smaller part can be thrown here and we also sit and accumulate points.
3. For experienced ones! Ekubo - for a small part of the thrown strk we borrow usdc and throw it into one of the pools eth-usdc, usdc-usdt or any strk pair. And we also accumulate points. This option is only for experienced ones and is the last thing you can lose.
As a result, on all these projects you will farm points and receive as many as 3 airdrops if you do everything correctly. From starknet, nostra, zklend. And if you figure it out, 4 from ekubo.
And remember, Braavos and Argent will stark their wallets. Do not send $STRK tokens to others
๐When a manipulator needs the market to grow, it will grow without recoil, and all technical analysis goes to hell.
๐คกAt such moments the market is irrational
๐First, the โsmartestโ traders who go against the trend and short are shaved off.
๐Then the hamsters are shaved off, who for some reason havenโt bought the market for the last six months and will fly in at the crossing.
And according to tradition, no one will be allowed to buy at the lowest price.
๐ผKeep SPOT, keep it confidently, buy more with discipline. The best entry point will always be in the past or future. What you see is not yet a bull. There are still a few challenges to be overcome before the generous distribution...
Let's say you have $10,000 and want to invest it effectively. What to do? Let me tell you what I would do. The main thing in investments is diversification - the distribution of funds between different groups of assets. Never go all-in on any project or topic. So, my recommendations:
๐ธ The user received $653,000 from #Crypto exchange by mistake and disappeared
In January, Australian exchange OTCPro accidentally transferred AUD 995,000 ($653,000) to a user instead of AUD 99,500 ($65,300). On February 4, the error was discovered, after which they began to contact the user with a request to return the funds. However, Kow Seng Chai ignored the emails. Exchange employees also tried to contact the user using the linked phone number, but the person who answered the phone said that he did not know any Chai. Kow Seng Chai also failed to appear in court. On February 9, the court froze the userโs assets, and on February 21, banned him from leaving the country. What would you do in such a situation? #Bitcoin #Btc #Hodl #Write2Earnโฌ
$BTC What's next after this massive breakout? After consolidating for 2 weeks above $50K, BTC has printed a god candle to the upside backed by substantial volume. It only stopped temporarily at the $54K resistance before smashing through it. Currently BTC is in the middle of nowhere, and 3 possible scenarios can occur:
1) Extremely bullish case - BTC climbs up to our eventual target of ~$58K then consolidates while altcoins catch up.
2) Very bullish case - BTC comes down to retest the $54K as support before making its way up to $58K.
3) Bullish case - BTC comes down to retest the top of the previous consolidation range at $53K before climbing back up to $58K.
There is no bear case in these market conditions - any dips are an opportunity to buy. $ETH and its BTC pair has broken out of a major HTF trend and the majority of altcoins look like they're about to go on a massive run.
Starknet's STRK Jumps After Developer StarkWare Agrees to Delay Token Unlocks
Starknet's STRK token jumped as much as 10% Thursday after developer firm StarkWare agreed to drastically reduce the number of tokens allocated to the team that are scheduled to unlock in April, after heavy criticism from the community.
The statement came after the Ethereum layer-2 project this week airdropped more than 700 million tokens to early users, contributors and other targeted groups, with the additional disclosures that developers and investors might be able to start sell much of their own allocations as early as next month. The market capitalization of the tokens, based on the circulating supply, currently stands around $1.44 billion.
"After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare's early contributors and investors to make it more gradual," according to an emailed statement. StarkWare is the primary developer behind Starknet, a layer-2 blockchain atop Ethereum.
Under the new schedule, 0.64% of the 10 billion tokens initially minted will unlock on April 15, instead of the planned 13.4% (1.34 billion tokens), according to the statement.
"The gradual unlock will continue at a pace of 0.64% (64 million tokens) monthly until March 15, 2025, after which it will change to 1.27% (127 million tokens) monthly for the next 24 months until March 15, 2027," StarkWare said.
"Under the new unlock plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, as opposed to 2 billion of those tokens under the previous schedule," according to StarkWare. "1.4 billion additional tokens will be gradually unlocked by the end of 2025, another 1.5 billion will be unlocked by the end of 2026 and 380 million will be unlocked by March 15, 2027."
Starknet, developed by developer firm StarkWare, is a layer-2 network that makes use of zero-knowledge cryptography, allowing decentralized applications operating on top of it to scale the Ethereum blockchain. It does this by bundling transactions off-chain into a proof that is submitted to Ethereum, which in turn is supposed to process the transaction faster and lower fees for computing them.
Starknet's token unlocking schedule for the development team and early investors came under criticism from market observers. STRK started trading at $5 earlier this week, then quickly fell. At press time, the token was changing hands at $2.
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