Headline: The Hype is Real! $ALT is Officially on Binance! đ
You've seen the rumours, and now it's confirmed! $ALT, the native token of ALT Layer, is live on Binance.
But what exactly is it? đ€
đ· What is ALT Layer?
ALT Layer is a decentralized protocol for launchingnative and re-staked rollups. Think of it as a factory that helps projects easily build and scale their own custom blockchains (rollups) while staying secure.
đ· The ALT Token
$ALT is the fuel for this ecosystem.It's used for:
â Governance: Voting on the future of the protocol.
â Protocol Incentives: Rewarding operators and participants.
â Ecosystem Fees: Paying for services within the ALT Layer network.
â Collateral: Used as a stake to help secure the rollups.
With EigenLayer's restaking model at its core, ALT is at the forefront of crypto innovation.