$ALIGN Token Launched for Aligned's Full Ethereum Stack
Aligned has launched $ALIGN, its native token for the Ethereum stack, which provides one-click solutions for wallets, rollups, interoperability, and zero-knowledge services. The project aims to make building financial products on Ethereum easier by integrating multiple vendors into a single stack.
Currently, less than 1% of the world's assets are on-chain, with most being stablecoins, tokenized treasuries, or wrapped assets. Aligned's goal is to increase this number and turn Ethereum into the world's financial backend.
The $ALIGN token will be used across the Aligned stack, which includes Proof Aggregation Service, Wallet-as-a-Service, Rollup-as-a-Service, LambdaVM, and interoperability protocol. The initial circulating supply of $ALIGN is approximately 16% of the total token supply, with a fixed total supply of 10 billion tokens.
Aligned has distributed $ALIGN through a series of airdrops to developers, researchers, community members, and holders of ecosystem tokens. The team plans to ship the remaining pieces of the stack and grow the number of products built on it throughout the year.