Cryptocurrency exchange Binance announced its 45th altcoin project on Launchpool. Accordingly, the latest Launchpool project of the cryptocurrency exchange became AltLayer (ALT), an accessible platform for launching native and reorganized Rollups with both Optimistic and ZK Rollup Stacks.
Binance’s 45th Launchpool Project Became AltLayer (ALT)
Binance, the world’s largest cryptocurrency exchange by trading volume, announced its 45th altcoin project on Launchpool today, immediately following its 44th altcoin project Manta (MANTA) announced on January 15th. The latest Launchpool project of the cryptocurrency exchange is AltLayer. In short, AltLayer (ALT) stands out as an accessible platform for launching native and reorganized Rollups with both Optimistic and ZK Rollup Stacks.
Users will be able to stake their BNB and FDUSD in separate pools to farm ALT tokens starting from 03:00 AM (TSI) on January 19, 2024, for six days. The farming period will start on January 19 and end at 02:59 AM (TSI) on January 24.
Binance will then list ALT on January 25, 2024, at 01:00 PM (TSI) and open trading with the pairs ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY. The Seed Project Label will be applied to ALT.
Details of the AltLayer (ALT) Launchpool
AltLayer, the latest Launchpool project of Binance, will have a maximum token supply of 10 billion. A portion corresponding to 5% of the maximum token supply, which is 500 million tokens, has been allocated for Launchpool token rewards. Moreover, the initial circulating supply of AltLayer has been set at 1.1 billion tokens, corresponding to 11% of the maximum token supply.
Starting from January 19, the hourly cap for users who want to farm ALT tokens is set at 277,777 for the BNB pool and 69,744 for the FDUSD pool. Users will be able to farm ALT tokens within these set limits by staking in the BNB and FDUSD pools.
