Aligned Layer

12 Apr 2024 - 23 Jan 2025
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Aligned Layer is a ZK modular stack created to make Ethereum proof verification faster and cheaper. The project is built on top of EigenLayer using ZK proofs, which is the main technology that will help Ethereum scale.

Aligned Layer crypto successfully raised $20M via the Series A round led by Hack VC and participation dao5, Everest Ventures, Symbiotic Capital and others. Moreover, Aligned Layer is now running an ICO round via Coinlist.

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CoinLaunch Score: Very High
Last update: 07 Nov 2023

Aligned Layer - WAITLIST Overview

Ticker: (ALIGN)
Start Date: 12 Apr 2024
End Date: 12 Apr 2024
Country: Argentina
Whitelist: No
KYC: Yes
Bounty: No
MVP: Yes
Security Audit: Yes
Raise Fund: $35,270,000

Aligned Layer - Review

Aligned Layer is a ZK modular stack created to speed up Ethereum's roadmap. Aligned's set of solutions unlocks the full power of ZK proofs, allowing builders to utilize the technology with less complexity and at a lower cost than current options.

The key technology that will enable Ethereum to grow is ZK. It will help open up new blockchain applications and transform the future of the internet. The primary problem is that Ethereum proofs' on-chain verification costs do not scale and will only grow more costly if nothing changes, particularly if ZK-proving technology advances speed and quality.

The Proof Verification Layer (Fast Mode Mainnet Beta), Aligned's initial product, uses EigenLayer for restaking to provide zero-knowledge proof verification services on Ethereum. Mainnet Beta delivers a cost savings of over 90% for verifying various zero-knowledge and validity-proof systems. Mainnet Beta can now process 1000 proofs per second with minimal expenses per proof. 

🤑 $ALIGN is a native Aligned Layer token of the ecosystem with three utilities:

  • Pay on demand: applications use $ALIGN to pay for verification on a per-proof basis;
  • Subscription model: applications must stake $ALIGN to access unlimited verification for one month;
  • Dual staking to secure the Aligned network: Stakers will receive fees from the network as compensation.

     

The CoinLaunch team analyzed Aligned Layer crypto and identified some pros and cons to consider before participating in the project ICO: 

✅ Aligned Layer pros: 

  • Has Public Security Audit from Tier 1 company;  
  • Not bad Marketing Infrastructure; 
  • Powerful SEO and Growth Marketing;
  • Good PR Performance and SMM;
  • It has a lot of reputable Partners and Backers (Hack VC; Lemniscap; dao5);
  • The executive team has a wide user base (@fede_intern; @rj_aligned; @diego_aligned).

📛 Aligned Layer cons: 

  • High Inflation Rate (about 37% of the total supply will be unlocked per the first year) ; 
  • Funds have 22% of the total supply with undisclosed valuation;
  • The project does not align with the current market narrative;
  • Has only one Security Audit;   
  • Low Float Market Cap  and High FDV ($400M);
  • Very Low Influencer Marketing performance.

Aligned Layer - Team

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