$ALIGN Launched as Native Token for Aligned's Full Ethereum Stack
Aligned, a full-stack Ethereum infrastructure project, has launched $ALIGN, its native token for its ecosystem. This move marks an important step towards making it easier for fintechs and institutions to build financial products on Ethereum.
The Aligned ecosystem is designed to simplify the process of building on Ethereum by providing one-click solutions for wallets, rollups, interoperability, and zero-knowledge services. Currently, most assets on Ethereum are in the form of stablecoins, tokenized treasuries, or wrapped assets, but building financial products on top of these is still a complex task.
Aligned was built in collaboration with LambdaClass to address this issue. The project has already launched its Proof Aggregation Service, Wallet-as-a-Service (MVP), and is working on the Rollup-as-a-Service, the LambdaVM, and the interoperability protocol. $ALIGN will be used across the Aligned stack and will serve as a utility token for paying for services.
The total supply of $ALIGN is 10 billion, with approximately 16% circulating at launch. The Genesis airdrop was distributed to developers, researchers, community members, and holders of ecosystem tokens. In the future, Aligned plans to ship the remaining pieces of its stack and grow the number of products built on it.