# What is ALT?

AptosLaunch Token (ALT) is the Utility Token for the AptosLaunch Ecosystem. AptosLaunch is the first decentralized launchpad on the Aptos Network. With Aptos building the safest and most scalable Layer 1 blockchain for the next billion users, AptosLaunch is engineered from the ground up to empower Aptos project owners.

Token Holders can benefit from the following:

1. Voting
2. Insurance Fund
3. VIP Tiers
4. Participation of the Launchpad Projects
5. Staking Reward and Boost
6. Principal Protected


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