AltLayer Airdrop Puts $100 Million in Ethereum Users’ Wallets

Drop season continues, and the latest sizeable token distribution comes from Ethereum Ecosystem, thank you AltLayer. The expansion protocol has started. ALT air drop on Thursday, and the number of tokens offered to eligible community members is over $100 million.

ALT is now available to solicit early AltLayer users and select ecosystem participants, and the token is already up 18% to $0.327 today. CoinGecko. After 5:00 p.m., it started at a price above $0.27.

300 million ALT tokens were set up in this initial drop, meaning the total AltLayer airdrop is currently worth just under $100 million. Air drops Crypto applications and protocols are a way to reward both early adopters and contributors while decentralizing the governance process by distributing the governance process to multiple holders.

They have a growing number of crypto protocols It has started airdrops in recent months Amid improving cryptocurrency prices and renewed optimism around the industry. They include very late air drops Solana Gito protocol And Pit Networkas well Xai game network selection. Next week Jupiter (JUP) air drop on Solana About one million wallets will benefit.

AltLayer is a decentralized protocol designed to allow Ethereum developers to deploy coils and other scaling options, and is compatible with scaling networks such as Decision, OptimismAnd Polygon. In addition to its open protocol, AltLayer offers a “package-as-a-service” feature for custom-build scale integrations.

Currently, approximately 500,000 wallets are eligible for the airdrop, including AltLayer holders. NFTs and participants in the protocol's pre-launch pilot and engagement campaigns. Users of OwnLayerReboot features may also require ALT.

In addition to that, Celestia (TIA) Holders of the token will be eligible for an airdrop, but not yet. as if Blog post This week, AltLayer cited “technical differences in the request method” for delaying Celestia users' weather requests, but promised it would still be forthcoming.

ALT Weather claims will last until February 25th, at which point any unclaimed tokens will be sent to AltLayer's treasury. Note that the Airdrop is not available in certain territories, including the United States, Canada, China, and others listed in Blog post.