AlignedPrice

(ALIGN)

Aligned functions as a Zero-Knowledge (ZK) verification layer, or a ZK modular stack, primarily designed to accelerate the Ethereum roadmap. Its core purpose is to unlock the full potential of ZK proofs by offering builders a suite of products that minimize complexity and reduce costs associated with proof usage. While not an Ethereum Layer 2 itself, Aligned represents a vertically integrated stack for building on a verifiable internet, providing solutions for launching Ethereum L2s/rollups and various ZK services.

Aligned directly addresses the significant issues of high cost and complexity that are currently associated with on-chain ZK proof verification on the Ethereum network. By tackling these challenges, Aligned enables developers to verify ZK proofs far more efficiently. It facilitates up to a 90% reduction in verification costs and achieves higher throughput, allowing for the processing of thousands of transactions per second, thereby making ZK technology more accessible and practical for widespread adoption.

The ALIGN token is integral to the Aligned ecosystem, serving multiple key purposes. It is utilized for payments related to proof verification services, allowing users to cover the costs associated with verifying ZK proofs. Furthermore, ALIGN tokens are essential for validator staking, enabling participants to secure the network and earn rewards. Lastly, the token grants holders the ability to participate in the project's governance, influencing future development and protocol parameters.

The ALIGN token has a defined total supply of 10,000,000,000 (10 billion) tokens. At the time of the Token Generation Event (TGE), the initial circulating supply was established at 3,000,000,000 (3 billion) tokens. These foundational tokenomics are designed to create the scarcity and distribution model for ALIGN, which underpins its economic framework and aims to foster active engagement and stability within the Aligned network.

Yes, staking ALIGN tokens is permissionless, meaning anyone can participate. The Annual Percentage Yield (APY) for staking is dynamic, influenced by factors such as liquidation events within the protocol and ALIGN token emissions. During periods of high network activity or volatility, the APY has the potential to reach significant levels. Staking rewards typically need to be claimed manually. Generally, ALIGN tokens deposited into the Stability Pool do not have a fixed lock-up period, unless a liquidation event is actively in progress.

Yes, an airdrop was conducted for ALIGN tokens as a way to reward active participants across the Zero-Knowledge (ZK) and broader Ethereum ecosystems. Eligibility for this airdrop was extended to holders of specific tokens, which included STRK, MINA, ZK, POL, SCR, TAIKO, and EIGEN. Eligible users were able to check their qualification status and register to receive their allocated tokens via the official genesis.alignedfoundation.org platform.