Aligned Launches $ALIGN Token for Simplified Ethereum Development
Aligned has launched $ALIGN, its native token for the Ethereum ecosystem. The token will be used across Aligned's stack of services, which includes wallets, rollups, interoperability, and zero-knowledge services. With a fixed supply of 10 billion tokens, approximately 16% are circulating at launch.
Aligned aims to simplify building financial products on Ethereum by providing a single integration for fintechs, institutions, and enterprises. The company has been working closely with LambdaClass, which has made significant contributions to the Ethereum ecosystem. Aligned's stack is being built in collaboration with several key contributors, including Protocol Guild, L2BEAT, ZachXBT, and ZK Podcast.
The team plans to ship the remaining pieces of the stack by the end of the year, growing the number of products built on it. $ALIGN will be used as an option to pay for services across Aligned's stack, making it a utility token rather than equity or a claim on revenue or dividends.