What is an ALLY token? Overview about The People’s Alliance project (Great publication)

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9 Jan 2024
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The People’s Alliance (ALLY token) is the world's first and largest exclusive blockchain community governance system.

What is the People’s Alliance (ALLY Token)?


The People’s Alliance is a coalition of 50 protocols from across the Web3 world with a combined value exceeding 10 billion USD. Collaborative projects aim to reward Linea community collaboration and loyalty.

Supported by the Particle Network, The People’s Alliance launches the most groundbreaking inscription system in the blockchain world exclusively for the Linea community. On January 4th, the platform initiated the minting event for 21,000,000,000 tokens and has already attracted over 280,000 participants.
READ MORE: https://coinbay.io/vi/huong-dan-mint-the-people-s-alliance-ally-28518

Characteristics of The People’s Alliance


Community


The alliance comprises 50 Web3 protocols, among which several stand out:

  • Particle Network: It serves as the foundational infrastructure for Web3 applications. The project aims to propel the development of communication protocols and decentralized applications by promising developers.


  • Rats Community: Rats Community introduced a meme coin on the Bitcoin blockchain. Participants in transactions receive a 2% reward entirely automatically.


  • 1Inch: 1Inch is a DEX Aggregator Protocol enabling users to execute token trades at favorable prices and with low slippage.


  • ZkFair: ZkFair is the first ZK-L2 community built on the Polygon CDK and Celestia DA. ZKFair ensures 100% compatibility with EVM, exceptional performance, minimal fees, and robust security.


  • Polyhedra: This project constructs infrastructure for the interactivity, scalability, and privacy of Web3 through zero-knowledge-proof technology.


Investors can receive points and an Inscribe Card upon completing tasks set by each partner. These tasks are often straightforward, such as following Twitter accounts, joining Telegram or Discord channels, making transactions, or converting tokens.

Inscription


Users can utilize the Inscribe feature to mint tokens within The People’s Alliance, comprising the Inscribe Card and Inscribe Card Gasless. Detailed information about the inscription is as follows:

  • Chain: Linea
  • Protocol: ORC-20
  • Symbol: ALLY
  • Total token supply: 21,000,000,000
  • Minted: 21,000,000,000
  • Limit per mint: 1,000
  • Duration: January 4th
  • Number of holders: 120,193
  • Number of transactions: 1,516,824



Leaderboard


Under the "Leaderboard" section, investors can view the scores of other participants as well as their own. This provides an overview of the platform and aids in forming a sensible investment strategy. Those with higher rankings will receive enticing rewards from the People’s Alliance and its partners.


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Conclusion


The People’s Alliance is a Particle Network-developed project aimed at constructing a robust coalition of Web3 projects, fostering partner relationship development in the cryptocurrency market. The project successfully launched the ALLY minting campaign with 120,193 holders and 1,516,824 in trading volume, showing promising potential for The People’s Alliance's future development. However, investors should conduct thorough research before deciding to engage with the platform.



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