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binance launchpool

A Guide to Binance's Launchpool for Token Farming (AltLayer)

By Sermion | cyptosermion | 22 Jan 2024


In this piece, I'll be revealing one of the most effective ways to acquire native tokens of exciting new projects just before their launch with ease!

Are you familiar with Launchpool?

Alright, let me introduce you to the crypto projects on Binance's Launchpool.

Binance Launchpool is the platform's name, and it's a space on the Binance exchange where users can stake their crypto assets, such as BNB and/or stablecoins like FDUSD, to farm and earn tokens from upcoming projects.

This method allows users to engage in the early stages of a project and receive rewards. Users lock up their assets for a specified period, and in return, they receive new tokens from the project being launched.

Remember, the primary objective of this write-up is to present another exciting opportunity to you – securing tokens from the promising new project called 'AltLayer.'

 

binancealtlayer

What is AltLayer?

AltLayer is an open and decentralized protocol for rollups. AltLayer introduces the innovative concept of Restaked rollup, taking existing rollups (derived from any rollup stack like OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.) and enhancing them with improved security, decentralization, interoperability, and swift crypto-economic finality.

This fantastic opportunity arises from Binance's enthusiasm to announce the 45th project on Binance Launchpool, and that project is none other than AltLayer (ALT) – a platform for launching native and restaked Rollups with both Optimistic and ZK Rollup Stacks, as mentioned earlier.

Users can stake their BNB and FDUSD in separate pools to farm ALT tokens over six days, starting from January 19, 2024, at 00:00 (UTC).

Now, you might be wondering what comes next after farming the token; well, the listing follows!

Binance will list ALT on January 25, 2024, at 10:00 (UTC) and open trading with ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY trading pairs. 

Ready to get started?

Follow these responsible steps to participate in the ALT-LAYER pool farming:

- Head to the [Earn] section

- Select [Launchpad] and focus on the live Launchpool

- Pick the project you want to farm under; and

- Stake BNB or FDUSD to start earning.

You can collect your earnings hourly or after the pool concludes. Note that rewards distribution goes straight to your spot wallet.

Before you dive in, pay attention to the ALT Launchpool Details:

Token Name: AltLayer (ALT)

Max Token Supply: 10,000,000,000 ALT

Launchpool Token Rewards: 500,000,000 ALT (5% of max token supply)

Initial Circulating Supply: 1,100,000,000 ALT (11% of max token supply)

Smart Contract Details: BNB Chain and Ethereum

Staking Terms: KYC required

Hourly Hard Cap per User:

277,777.77 ALT in BNB pool

69,444.44 ALT in FDUSD pool

Supported Pools:
Stake BNB from the launchpool webpage to share 400,000,000 ALT in rewards (80% of the pool)

Or, Stake FDUSD from the launchpool webpage to share 100,000,000 ALT in rewards (20% of the pool)

Farming Period: January 19, 2024, at 00:00 (UTC) to January 24, 2024, at 23:59 (UTC).

If you want to learn more about the Launchpool terms and conditions, be sure to check out the pool details provided on the launchpool webpage.

And that wraps it up! Feel free to ask questions in the comments section, and I hope you find this article valuable.

Don't forget to follow me for more content related to opportunities.

Thank you!

 

Sermion

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Sermion
Sermion

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