SatLayer Foundation has announced its airdrop and the launch of the SLAY token on Binance Alpha. The new project focuses on the security of blockchain applications and has a token distribution strategy.
Airdrop and SLAY Listing
On August 11, Binance Alpha will be the first platform to launch the SLAY token. Eligible users can claim their airdrop via the event page on Binance Alpha as soon as trading goes live.
Securing Blockchain Apps with Bitcoin
SatLayer is a security platform that uses Bitcoin to protect other blockchain applications and services. It operates through smart contracts on Babylon, enabling users to leverage Bitcoin for securing various decentralized applications.
Token Distribution Strategy
The project divides its total token supply according to a strategic roadmap. A total of 2.1 billion tokens will be issued, with 45% allocated to the ecosystem, 20% to early contributors, 15% to early backers, 10% to the foundation, and 10% to the community.
The SatLayer Foundation airdrop, appealing tokenomics, and innovative use of Bitcoin for blockchain security create good prospects for future growth of the project.
