Everything about Altlayer Airdrop

The latest airdrop that farmers are expecting is Altlayer, and it is already on Binance Launchpad.
They just released their criteria for being eligible for their airdrop. This article is intended to highlight most of the qualifying factors.
What is Altlayer
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 work with any underlying rollup stack. These AVSes, in conjunction, offer three key services to rollups, in particular 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)

AltLayer Ecosystem
The AltLayer ecosystem has grown tremendously with established infrastructure providers such as EigenLayer, Espresso, Astria, Radius, Celesita, EigenDA, Avail, OP Stack, ZKStack, Arbitrum Orbit, Polygon CDK, and service providers such as Blockscout, Dexguru, Parsec Finance, Connext, Celer, HyperLane, Transak, Halliday, and many others.
Official Token Generation Event: January 25, 2024
Mark your calendars as we prepare for the launch of ALT Token on January 25, 2024 at 10:00 (UTC) (token listing date). Join us in celebrating this milestone and be among the first to explore the limitless possibilities our token brings to AltLayer and beyond.
🚀 Launch Process: Binance Launchpool
The token will be launched via the Binance Launchpool. Users of Binance can stake BNB and FDUSD to farm ALT tokens over 6 days, with farming starting on 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, ALT/BNB, ALT/FDUSD, and ALT/TRY trading pairs.
Please refer to the Binance blogpost for further details on how to get involved.
🚨 Airdrop to AltLayer early supporters
To our community, we thank you for your love and support. We could not have come this far without you. And therefore, as a token of appreciation, we will have a dedicated airdrop for our community members. High-level information is given below, but more details will follow in the coming days.
Eligibility Criteria: If you are: a) AltLayer OG Badge NFT holder; b) Oh Ottie! NFT holder; or c) qualified participants of Altitude campaigns; d) qualifiedEigenLayer restakers and Celestia stakers, you are eligible for an airdrop. Additionally, to qualify for the airdrop, you should not be a citizen or a resident of any of the sanctioned regions (read below).
Snapshot date: A snapshot of all qualified addresses was taken on January 17, 2024, at 12:00:11 AM (Ethereum block number 19022890).
Sanctioned regions: Community members who reside in, or are citizens of, are located in the United States of America, Canada, China, Iran, Cuba, North Korea, Syria, Myanmar (Burma), the regions of Crimea, Donetsk or Luhansk, or any other country or region that is the subject of comprehensive country-wide or region-wide economic sanctions by the United States, EU and the UK (collectively, “Restricted Territories”) will not be eligible for the airdrop.
More details on the airdrop will be shared in the coming days. Do 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.
Token Information
Token Distribution
🌟 Key Features of ALT Token:
ALT will be AltLayer’s native utility token and will be used in the following functions:
Economic bond: ALT token will be used alongside restaked assets to provide economic stake. This stake can be slashed if a malicious behavior is detected.
Governance: ALT token holders can vote on governance decisions.
Protocol Incentivization: Operators in the AltLayer ecosystem can earn ALT tokens as rewards for their services.
Protocol Fees: Network participants will need to pay for intra-network services in ALT tokens.

For ALT Airdrop Season One, they have reserved a total of 300,000,000 ALT Tokens (3% of the total supply) to be distributed across NFT holders (OG Badge and Oh Ottie! collections), ‘Altitude’ campaign participants, EigenLayer restakers, EigenLayer ecosystem partners, and Celestia stakers.
The table below breaks down the allocated ALT tokens across different communities and categories.
NFT Holders
Since the launch of AltLayer, we have issued two NFT collections namely AltLayer OG Badge and Oh Ottie! Collection. Addresses that own the NFTs at the snapshot time qualify for the airdrop.
We would like to highlight that only circulating NFTs are eligible for airdrops. The OG Badge NFT collection has a circulating supply of 389 and Oh Ottie! Collection has a circulating supply of 1,768. The non-circulating NFTs in our Treasury are not qualified to receive any ALT airdrop.
Altitude Campaign Participants
We also ran 4 Galxe campaigns to involve our community with testing our early products and services. These campaigns were called AltLayer Altitude Campaigns and were run in four phases. The table below lists the number of qualified addresses for each of these phases.
* Number of Qualified Address: We have used anti-sybil analytics to identify non-sybil addresses that qualify for the airdrop. The selection criteria was:

• A wallet address should have engaged with at least 1 on-chain transaction on the Ethereum mainnet besides participating in the AltLayer Altitude Campaigns for the past year (Ethereum block number 16107850 to 18769911) to be qualified.
• Wallet addresses with the same source of funding are disqualified altogether. For instance, if more than 10 wallet addresses have received funds from one treasury account that holds a lot of funds and does not belong to a faucet, and these addresses perform similar trading behaviors at the same time, then these addresses will be deemed as one sybil cluster and will be disqualified.

EigenLayer Restakers
Our core offering of Restaked Rollups leverages EigenLayer’s restaking mechanism and therefore, we have a dedicated ALT token pool for the restaking community.
The number of ALT token airdropped to EigenLayer restakers is based on the five tiers of “Restaked Points” (as presented in the table below). We obtained Restaked Points data from the EigenLayer team, as well as Renzo, Ether.fi, and KelpDAO teams.
For more information on Restaked Points calculation, please refer to the EigenLayer docs: https://docs.eigenlayer.xyz/restaking-guides/restaking-user-guide/restaked-points
EigenLayer Ecosystem Partners
We will also airdrop to the EigenLayer team and their ecosystem partners as thanks for their continued support for our ‘Restaked Rollup’ services.
Celestia Stakers and others
Due to technical differences in the claiming mechanism, we would make the airdrop to TIA stakers available for claim at a later time post-listing. We are working on the token airdrop portal for TIA stakers with the support of the Celestia team. Please stay tuned for updates. We apologize for not being able to get it ready pre-token listing. Rest assured that you will not be forgotten and we are doing our best to get it ready as soon as possible.
Claim Duration
The airdrop claim site will be open for 1 month starting from January 25, 2024 to February 25, 2024. Any unclaimed ALT tokens post the end of the claim period will be returned to AltLayer’s Treasury.
This is the Airdrop Season One. We’ll provide more incentives for partners and participants adopting restaked rollups. We’ll keep you posted.
Claim Portal
The claim portal will be announced closer to the opening time.