TechFlow reported, Rollup service protocol AltLayer has announced its tokenomics with a total supply of 10 billion tokens. Allocations are as follows: 18.5% for investors, 5% for Binance Launchpool, 15% for the team, 5% for strategic advisors, 20% for protocol development, 21.5% for the treasury, and 15% for ecosystem and community.
Airdrop recipients include holders of AltLayer OG Badge NFTs, Oh Ottie! NFT holders, qualified participants in the Altitude campaign, eligible EigenLayer stakers, and Celestia stakers.
Snapshots were taken on January 17, 2024, at 8:00:11 AM UTC (Ethereum block number 19022890).
ALT will serve as AltLayer's native utility token, playing roles in economic security, governance, protocol incentives, and protocol fees.
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