This summer, Layer3 is rolling out its new L3 token with a generous 51% of the total supply allocated to the community.

Distribution and identity protocol, Layer3 Layer3 has announced plans to release the L3 token this summer, directing 51% of its total issuance of 300 million tokens toward community initiatives. Additional insights about the tokenomics will be available in June 2024, with the Token Generation Event (TGE) set to kick off later in the summer.

The first airdrop will hand out 5% of the entire L3 token supply to early supporters and CUBE minters. A snapshot for the initial Genesis airdrop was taken on May 10th at 2:00 PM UTC for early adopters and participants from season 1. Stay tuned for more details on additional airdrops.

Those who qualify for the initial community distribution can check their eligibility on the Layer3 Foundation’s website, with updates to be sent out when the allocation verification and claim tools become operational.

The L3 utility token offers a variety of functions, including opportunities for staking to earn L3 rewards, reward multipliers, tiered experiences, and access to the Layer3 launchpad. Users also have the option to burn L3 to craft on-chain experiences within the distribution and identity framework, and to participate in governance relating to certain aspects of Layer3 protocols. The community, backed by the Layer3 Foundation, will have the authority to make significant decisions that influence the ecosystem’s growth.

Stay updated with cryptocurrency distributions through our dedicated platform. Airdrops Calendar .

What Is Layer3?

Layer3 is an avant-garde distribution and identity protocol that aims to unlock the $1 trillion ‘attention’ market. Its core mission is to create a dynamic marketplace for attention, regarded as the most precious commodity on the internet, supported by an innovative identity and incentive infrastructure. Layer3 differentiates itself as the only omnichain solution for identity and earning that spans the Ethereum Virtual Machine (EVM). Solana , and Cosmos networks.

Since launching, this protocol has facilitated over 96 million interactions across 545 ecosystems, successfully engaging participants from nearly 150 nations.

Recently, Layer3’s protocol was thoroughly audited by Three Sigma, a prominent firm specializing in blockchain engineering and auditing. Additionally, the project partnered with others to reward users who explored its offerings with $50,000 in retroactive incentives. uk Please keep in mind that the details supplied on this page are purely informational and should not be construed as legal, tax, investment, or financial advice. It is crucial to invest only what you can afford to lose and to seek independent financial counsel should you have any uncertainties. For more information, we recommend reviewing the terms and conditions along with the help and support resources provided by the issuer or advertiser. MetaversePost is committed to delivering accurate and impartial news, but market conditions may change without prior notice.