Aligned Unveils Native Token $ALIGN to Streamline Ethereum Development

Aligned, a full-stack Ethereum infrastructure project, has launched $ALIGN, its native token and utility for users building financial products on Ethereum. Aligned aims to simplify the process of going on-chain by providing one-click solutions for wallets, rollups, interoperability, and zero-knowledge services.

The current state of on-chain assets is that less than 1% are stored on Ethereum, with most being stablecoins, tokenized treasuries, and wrapped assets. Building financial products on top of these is still a complex process, requiring multiple vendors and months-long integration efforts. Aligned seeks to change this by providing a single stack for users to access various services.

The team behind Aligned has already launched the Proof Aggregation Service in mainnet alpha, as well as an MVP for Wallet-as-a-Service, which allows users to sign up with Google or Face ID and receive a real Ethereum wallet without seed phrases or gas fees. The Rollup-as-a-Service, LambdaVM, and interoperability protocol are currently in development.

$ALIGN has a fixed supply of 10 billion tokens, with about 16% circulating at launch. The tokenomics for the full allocation and Genesis airdrop can be found on the Aligned blog. The team plans to ship the remaining pieces of the stack and grow the number of products built on it in the coming months.