AltLayer

AltLayer Airdrop

Team: AltLayer
Category
Infra
Status
Archived
Chain
EthereumCelestia
Difficulty
Funding
$14.4M
Rating
N/A
Tasks4
No ratings yet

Event Timeline

Altitude campaign runs

2023

Completed

Celestia staker registration

Jan 2024

Completed

ALT token generation event

Jan 25, 2024

Completed

Claim window closes

Feb 25, 2024

Completed

About AltLayer

AltLayer provides rollups as a service, letting a team launch an application-specific chain without operating the sequencing, settlement and verification stack themselves. Its restaked rollup design leans on EigenLayer for economic security.

Season 1 is notable for how many separate constituencies it paid at once. Rather than a single activity metric, five pools were defined, and a wallet could qualify through routes that had nothing to do with each other: owning an AltLayer NFT, completing the Altitude campaign, restaking on EigenLayer, or staking TIA on Celestia.

Airdrop Stats

300M ALT Distributed
3% Of Total Supply
5 Separate Eligibility Pools
10B Total Supply
AltLayer airdrop details: total ALT supply, the size of the Season 1 airdrop, its share of total supply, the number of eligibility routes and the claim window
TGE details for the AltLayer (ALT) airdrop

Five pools, five different reasons to qualify

Most airdrops define one behaviour and measure it. AltLayer defined five, and a wallet could clear several at once. The Altitude campaign and the NFT holder pool together took nearly three quarters of the 300 million tokens, but the interesting quarter sat elsewhere.

Roughly 27% went to EigenLayer restakers, EigenLayer ecosystem partners and Celestia stakers. None of that activity happened on AltLayer. It was a bet that the people already securing and using the infrastructure AltLayer depends on were the right people to hold the token.

AltLayer Season 1 airdrop split across the Altitude campaign, NFT holders, EigenLayer restakers, Celestia stakers and EigenLayer ecosystem partners
ALT Season 1 airdrop split

How it worked to get the AltLayer airdrop

Step 1

Hold an AltLayer NFT

The largest single share after the campaign pool, 35.47% of the 300M, went to NFT holders.

Step 2

Complete the Altitude campaign

The biggest pool at 37.07%. This was the route open to people without a prior position.

Step 3

Restake on EigenLayer

13.05% went to EigenLayer restakers, with a further 4.49% to ecosystem partners, paying a behaviour that had nothing to do with AltLayer directly.

Step 4

Or stake TIA on Celestia

9.92% went to Celestia stakers, who registered through a dedicated phase in January 2024.

Was the AltLayer airdrop worth it?

  • Multiple independent routes in. Five pools meant a wallet could qualify several times over, and the people who had restaked and staked TIA and run the campaign did best.
  • It paid for activity on other protocols. Roughly 27% of the pool went to EigenLayer and Celestia users, a bet that overlapping communities were the right people to own the token.
  • A one-month claim window. Claims closed 25 February 2024; the allocation was forfeited after that.

AltLayer Official Links

Official channels, documentation and community for this airdrop:

This airdrop has concluded. It is kept for research rather than participation.

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