AltLayer

Dear Community Members,
We are thrilled to announce the official launch of ALT, a token that will power the AltLayer protocol!
The AltLayer Protocol
AltLayer is an open and decentralized protocol for rollups. With AltLayer, we bring together a novel idea of Restaked Rollups which takes existing rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.) and provides them with enhanced security, decentralization, interoperability, and crypto-economic fast finality. Restaked rollups combine the ease of spinning up rollups using rollup stacks and others with the power of EigenLayer’s restaking mechanism to bootstrap network security and build a decentralized network.
Restaked rollups are essentially a set of three vertically integrated Actively Validated Services (AVSes) created on-demand for a given rollup that works with any underlying rollup stack. These AVSes in conjunction offer three key services to rollups in particular to app-specific rollups:

1. Verification of rollups’ state correctness
2. Faster finality
3. Decentralized Sequencing

The above services are provided via three modular components called:

• VITAL (Decentralized verification of rollup’s state)
• MACH (Fast finality network)
• SQUAD (Decentralized sequencing framework)

Launch Process: Binance Launchpool
The token will be launched via Binance Launchpool. Users of Binance can stake BNB, and FDUSD, to farm ALT tokens over 6 days, with farming starting from January 19, 2024 at 00:00 (UTC). Binance will then list ALT on January 25, 2024 at 10:00 (UTC) and open trading with ALT/BTC, ALT/USDT and ALT/BNB, ALT/FDUSD and ALT/TRY trading pairs.