Overview
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OpenWhat is Altitude
The framework of the technology acts as a fully composable native asset bridge with core functionality similar to Stargate, but focusing on single basket instead of multi basket pools, which limits impermanent loss and enhancing protocol security.
The native token of Altitude, ALTD, is a governance token which can be farmed by proving liquidity for supported tokens.
When providing liquidity on Altitude, the provider will be issued LP tokens which are needed to withdraw that liquidity. The provider will be able to earn fees by staking these LP tokens to earn ALTD. The protocol collects a 5 basis (.05%) fee for all bridging transfers. 100% of these fees goes to the protocol treasury governed and redistributed to governance holders of the protocol through gALTD.
DetailsIDO (Fjord Launchpad): Aug 22, 2023 - Aug 25, 2023Token supply: 100,000,000 ALTD Total tokens for sale: 7,000,000 ALTD Hard cap: 2,100,000 USD LegalRegistration year: 2022 | Token infoTicker: ALTDType: Utility-token Token price in USD: 1 ALTD = 0.42 USD Token distribution: Community - 60.5% Foundation - 25% Advisors - 2.5% Public Sale - 7% Strategic Airdrop - 5% |
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