KEY FACT: AltLayer’s Token launches a 300 million $ALT token launch to NFT holders from January 25, 2024 to February 25, 2024.
Designed on Paint
AltLayer’s Token Airdrop (Season One)
AltLayer, an open and decentralized protocol for rollups, launches a month-long airdrop of 300,000,000 ALT Tokens to NFT holders (OG Badge and Oh Ottie! collections), ‘Altitude’ campaign participants, EigenLayer restakers, EigenLayer ecosystem partners and Celestia stakers. The airdrop amount constitutes 3% of the total token supply, commenced on Thursday, January 25, 2024 and will last till February 2024. Addresses that own the NFTs at the snapshot time qualify for the airdrop.
The allocated tokens across different communities and categories, at the time of the snapshot on Januar 17, 2024 (Ethereum block number 19022890) are as shown in the screenshot below. Any unclaimed ALT tokens post the end of the claim period will be returned to AltLayer’s Treasury.
AltLayer brings together a novel idea of Restaked Rollups which takes existing rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.) and provides them with enhanced security, decentralization, interoperability, and crypto-economic fast finality.
At the time of this writing, AltLayer's community, built in two years spans over 1M people across Twitter, Discord, and beyond. AltLayer also builds on top of the other projects in the space such as EigenLayer and Celestia. Following the launch of the airdrop, AltLayer has issued two NFT collections namely AltLayer OG Badge and Oh Ottie! Collection.
Qualification for the Airdrop
A designed anti-sybil analytics has been put in place to identify non-sybil addresses that qualify for the airdrop. According to the announcement:
A wallet address should have engaged with at least 1 on-chain transaction on the Ethereum mainnet besides participating in the AltLayer Altitude Campaigns for the past year (Ethereum block number 16107850 to 18769911) to be qualified. Wallet addresses with the same source of funding are disqualified altogether. For instance, if more than 10 wallet addresses have received funds from one treasury account that holds a lot of funds and does not belong to a faucet, and these addresses perform similar trading behaviors at the same time, then these addresses will be deemed as one sybil cluster and will be disqualified.
EigenLayer Restakers
The Muse
With this massive development, has the airdrop season already unfolded? This preludes the next Bitcoin halving and proposed ETH ETF approval. It is obvious that many users could feel bullish about the ALT token. Do you think its the right tome to get positioned for the next airdrop by getting more NFTs?
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