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Aligned cancels its ALIGN public auction site, leaving launch date open

The Genesis Drop allocates 8.7% of a fixed 10 billion ALIGN supply, with 44.4% unlocking at token generation event, after the auction sale was canceled.

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Aligned published the terms of its ALIGN airdrop on Tuesday, about 20 months after registration closed, but the company still has not set a token launch date, leaving key figures tied to a token generation event that has not been dated.

According to The Defiant, every amount in the published post is pegged to a token generation event, and the ALIGN contract on Ethereum shows 26 holders with no transfers. CoinGecko and CoinMarketCap list preview pages without a price.

The outlet also reports that sale.alignedlayer.com, the site Aligned built for a public auction it announced in April, now displays a single line saying the sale has been canceled. The Genesis Drop covers 8.74% of a fixed 10 billion ALIGN supply, with 44.36% unlocking at TGE, roughly 3.88% of total supply.

The tokenomics split three ways, including a main community allocation of about 6.54% of supply and liquidity conditions based on a cutoff of 10,000 tokens per wallet, plus additional components for a ZK Arcade gaming campaign and four named recipients labeled Distinguished Contributors. The release schedule also includes an extended vesting period for part of the allocation, with Aligned stating it runs linearly over 47 months for the longest schedule described in its terms.

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