Altitude logo
WebsiteFjord Launchpad

Altitude (ALTD)

IDO

Altitude is a composable native asset bridge for blue chip altcoins, and one of the first dApp’s built on LayerZero, a cross-chain communication infrastructure designed to ease the current constraints of omnichain activity.

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Overview

Project industryBlockchain Infrastructure
Product typeDapp
WhitepaperAltitude White Paper Open

What 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.

Details

IDO (Fjord Launchpad): Aug 22, 2023 - Aug 25, 2023
Token supply: 100,000,000 ALTD
Total tokens for sale: 7,000,000 ALTD
Hard cap: 2,100,000 USD

Legal

Registration year: 2022

Token info

Ticker: ALTD
Type: 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%

Social media

Altitude web-siteAltitude RedditAltitude MediumAltitude TelegramAltitude TwitterAltitude DiscordAltitude Github

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