Name & Symbol AltLayer, ticker ALT
Max Supply 10,000,000,000 ALT tokens
Launchpool & Initial Sale Binance Launchpool had 500 million ALT (5% of total supply) for farming by staking BNB / FDUSD.
Token Distribution Something like: Team ~15%, Investors ~18.5%, Strategic Advisors ~5%, Protocol Development ~20%, Ecosystem & Community ~15%, Treasury ~21.5%, etc.
Blockchain / Standard ERC-20.
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⚙️ Utility / Use Cases of ALT
The ALT token is designed to serve several roles in the AltLayer ecosystem:
Economic Bond / Restaking: ALT is used alongside restaked assets to provide economic backing of certain protocol guarantees. If protocol participants misbehave, their stake (including ALT) may be slashed.
Governance: ALT holders can vote on protocol upgrades, parameter changes, etc.
Protocol Incentives / Rewards: Operators, validators, sequencers in the network can earn ALT tokens as rewards for services.
Fee Payment: Participants in the network pay some protocol fees in ALT. (E.g. for intra-network services)
