What is AltLayer (ALT)

1. Project Introduction
AltLayer is an open and decentralized Rollups protocol. AltLayer introduces an innovative concept called Restaked Rollup, which utilizes any rollup stack (such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and enhances their security, decentralization, interoperability, and rapid finality of cryptoeconomics through a re-staking mechanism.
Summary: AltLayer is a decentralized protocol designed to provide existing Rollups with enhanced security, decentralization, interoperability, and rapid finality.
2. Team & Investment Info
Yaoqi Jia: Co-founder and former CTO of Zilliqa, former Director at Parity Asia, holds a PhD from the National University of Singapore's School of Computing (2017).
Amrit Kumar: COO, previously a researcher at the National University of Singapore and co-founder of Zilliqa.
Funding: In February 2024, AltLayer announced the completion of a $14.4 million strategic funding round, co-led by Polychain Capital and Hack VC, with participation from SevenX, OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, and others. In July 2022, AltLayer completed a $7.2 million seed funding round, led by Polychain Capital, Jump Crypto, and Breyer Capital, with investments from Polkadot founder Gavin Wood, former Coinbase CTO and former a16z partner Balaji Srinivasan, Circle co-founder Sean Neville, and co-founders of Synthetix and Bodhi Ventures, Kain Warwick and Jordan Momtazi.
3. Social Media URLs
X: https://x.com/alt_layer
Telegram: https://t.me/altlayer
Discord: https://discord.com/invite/altlayer
Blog: https://blog.altlayer.io/
4. Token Info
Token Symbol: ALT
Total Supply: 10,000,000,000
Token Type: ERC-20; BEP-20
Issuance/Burn Mechanism: Fixed supply
Contract Addresses: https://etherscan.io/token/0x8457CA5040ad67fdebbCC8EdCE889A335Bc0fbFB; https://bscscan.com/token/0x8457ca5040ad67fdebbcc8edce889a335bc0fbfb
Token Distribution:
Binance Launchpool: 5%
Team: 15%
Investors: 18.5%;
Advisors: 5%
Protocol Development: 20%
Ecosystem & Community: 15%
Treasury: 21.5%
5. Related Links
Official Website: https://www.altlayer.io/
Docs: https://docs.altlayer.io/
LinkedIn: https://www.linkedin.com/company/altlayer/
Other Info: https://www.rootdata.com/Projects/detail/AltLayer?k=MjczNg%3D%3D