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AltLayer launches claim site for ALT airdrop season one

AltLayer, a decentralized protocol for application-tailored rollups, has launched the claim site for its first airdrop of ALT tokens. The airdrop will distribute 3% of the total token supply (300 million ALT) to eligible users, including NFT holders, community campaign participants, EigenLayer restakers, and Celestia stakers.

The claim site, which is available at http://airdrop.altlayer.io, allows users to check their eligibility and claim their ALT tokens. The claim period will start on January 25th, at 9:00 UTC, and last for one month. Users are advised to claim their tokens as soon as possible, as unclaimed tokens will be burned after the deadline.

The ALT token is the native utility token of AltLayer, which enables developers to launch scalable, secure, and interoperable rollups for various applications. Rollups are a layer-2 solution that offload computation and storage from the main blockchain, reducing costs and increasing throughput.

AltLayer has recently announced its partnership with Binance, the world’s largest cryptocurrency exchange, to offer ALT farming on Binance Launchpool. Users can stake BNB, BUSD, or ETH tokens to earn ALT tokens as rewards. The farming period will last for 30 days, starting from January 25th, at 10:00 UTC. Binance will also list the ALT token on its platform, allowing users to trade ALT against other cryptocurrencies.

AltLayer has raised $7.2 million in two funding rounds, backed by prominent investors such as Binance Labs, Polychain Capital, Jump Crypto, Breyer Capital, and others. The project aims to become the leading platform for rollup development and adoption, supporting various use cases such as gaming, DeFi, NFTs, and social media.

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