In an exciting announcement, Binance Launchpool presents AltLayer, which allows users to engage in staking with BNB and FDUSD.

Cryptocurrency exchange Binance unveiled AltLayer (ALT) as its 45th project on Binance Launchpool AltLayer operates as a platform for launching both native and restaked Rollups, offering support for diverse ecosystems. Optimistic and ZK Rollup Stacks .

Participants in this project can stake BNB and FDUSD across various pools to farm ALT tokens and reap rewards. The farming phase kicks off on January 19, 2024, at midnight UTC, running for a total of six days.

In addition, Binance is set to list the ALT token on January 25, 2024, at 10:00 AM (UTC), with trading available for multiple pairs: ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY. The ALT token will also have the Seed Tag applied to it.

AltLayer functions as a decentralized and open protocol for rollups, introducing the novel idea of Restaked Rollups. This innovation significantly enhances security, decentralization, interoperability, and the rapid finality of crypto transactions, utilizing various rollup stacks like OP Stack, Arbitrum Orbit, and more through a restaking process.

The ALT token, serving as AltLayer’s native utility token, plays several key roles. It acts as an economic bond, facilitates governance voting, rewards protocol operators, and serves as a payment method for services within the network.

The total supply of the ALT token is capped at 10 billion, with 500 million ALT set aside for token rewards, representing just 5% of its maximum supply. The farming phase is expected to wrap up on January 24, 2024, at 23:59 (UTC).

Binance indicates that participants from Canada, Cuba, Crimea, Iran, Japan, New Zealand, the Netherlands, North Korea, and Syria, along with their territories, are barred from farming ALT tokens. United States of America Binance Launchpool Frequently Introduces Cutting-Edge Projects 

Binance Launchpool serves as a platform that enables users to engage in token farming for emerging projects, allowing them to stake their assets and earn new tokens as rewards.

, a Web3 and AI-driven gaming platform, lets users stake BNB, FDUSD, and TUSD in unique pools for token farming opportunities. 

Recently, the platform introduced Sleepless AI ($AI) The native token $AI within the Sleepless AI ecosystem grants users access to premium features, governance participation, and the ability to earn staking rewards. Additionally, $AI is listed on " 

, another significant cryptocurrency exchange. Recently, SleeplessAI launched AI Together, a community project aimed at attracting more institutional supporters involved in funding, public relations, and technology. Bitget With the introduction of AltLayer, Binance Launchpool is broadening its horizons, offering users a range of unique farming and staking opportunities.

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