Dear User:

Binance Launchpool now supports the 45th project - AltLayer (ALT), a platform for launching native and re-collateralized Rollups, supporting both Optimistic and ZK Rollup stacks.

Users can invest BNB and FDUSD into the ALT mining pool on the Launchpad website after 08:00 (GMT+8) on January 19, 2024 to receive ALT rewards. ALT can be mined for a total of 6 days. The website is expected to be updated within approximately 24 hours of this announcement before the mining activity is launched.

New coin listing

Binance will list AltLayer (ALT) at 18:00 (ET8) on January 25, 2024, and open ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD and ALT/TRY trading markets, subject to seed label trading rules.

Project Details

• Token name: AltLayer (ALT)

• Maximum Token Supply: 10,000,000,000 ALT

• Initial circulation: 1,100,000,000 ALT (11% of the maximum token supply)

• Total mining volume: 500,000,000 ALT (5% of the maximum token supply)

• Research report: AltLayer (ALT) (The research report will be online within 30 minutes after the announcement)

• Smart Contract Details: BNB Chain; Ethereum

• Restrictions: KYC required

• Individual hourly mining hard cap

  • BNB mining pool: 277,777.77 ALT

  • FDUSD Pool: 69,444.44 ALT

Mining Pools:

• BNB Mining Pool (the website will be updated within 24 hours of this announcement and before the mining activity starts): A total of 400,000,000 ALT can be mined (accounting for 80%)

• FDUSD Mining Pool (the website will be updated within 24 hours of this announcement and before the mining activity starts): A total of 100,000,000 ALT can be mined (accounting for 20%)

• Mining time: 08:00 on January 19, 2024 to 07:59 on January 25, 2024, GMT+8

Mining quota phase allocation

Note: The above table uses UTC time every day, which is converted into 08:00:00 am on the same day to 07:59:59 am the next day in GMT+8 time.

Notice:

• Binance will randomly take snapshots of user holdings and the total holdings of the mining pool several times every hour to calculate the user's average hourly holdings and calculate mining rewards;

• Users can collect mined tokens (the reward amount is updated every hour) to their spot accounts at any time;

• The annualized income and total holdings data of each mining pool will be updated in real time;

• Each mining pool calculates annualized returns separately. Users can flexibly allocate tokens to corresponding mining pools, but multiple mining of one coin is not supported;

• Users can redeem tokens from a mining pool and transfer them to other mining pools at any time;

• After all the tokens in the mining pool are mined, the assets involved in the mining and the tokens that have not yet been claimed will be automatically returned to the user's spot account;

• Binance BNB Revenue Pool and BNB Regular Products will support the new coin mining in this period. The BNB in ​​the BNB Revenue Pool and BNB Regular Products will automatically participate in the new coin mining;

• When there are multiple new coin mining projects running at the same time, unless otherwise specified, the BNB in ​​the BNB Revenue Pool and BNB Periodic Products will be evenly distributed to multiple new coin mining projects;

• If BNB income pool assets are used as collateral for current loan, users will not be able to obtain new coin mining income;

• BNB transferred to the mining pool will still enjoy the holding statistics of BNB's standard benefits, such as airdrops, Launchpad holding statistics, VIP benefits, etc.

Related Links

Official website: https://altlayer.io/

Whitepaper: https://docs.altlayer.io/

X：https://twitter.com/alt_layer
 Discord：https://discord.com/invite/altlayer 
 Telegram：https://t.me/altlayer
 Medium：https://blog.altlayer.io/

Whether a user can participate in Launchpool is subject to restrictions in the country or region where they are located. Please refer to the prompts on the Launchpool page for details.

Please note that the list of restricted countries or regions below is not comprehensive and may be updated as local laws, regulations and other considerations change.

Users must complete identity verification (KYC) and are not in the following countries or regions to participate in the new coin mining.
 
Currently, users residing in the following countries or regions cannot participate in ALT new coin mining: Canada, Cuba, Crimea, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, the United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands and the U.S. Virgin Islands), any non-government-controlled areas of Ukraine.

The list of restricted countries or regions may be updated periodically as legal, regulatory and other factors change.
Note: There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.

Thank you for your support!

Binance Team

January 17, 2024