Layer3 is gearing up to open its airdrop claims on July 30, giving users the opportunity to secure extra rewards.

Distribution and identity protocol, Layer3 Layer3 has announced that it will start accepting airdrop claims on July 30th. Users can choose to claim their tokens or go a step further by staking them for added rewards.

Layer3 highlighted that users can reap benefits from L3 staking in three key ways, earning real-time staking rewards. Locking their tokens can increase their annual percentage yield (APY). Additionally, staking grants access to unique features, rewards, and utilities. More activity and improved staking within L3 can also positively impact the alignment score, which affects future rewards distribution. Note that the APY depends on the overall amount of L3 tokens being staked.

Once users stake their L3 tokens, they can lock them for a certain period. The length of this lock period directly influences the real-time L3 rewards—the longer the lock, the higher the rewards. There’s also a special S3 bonus for anyone who makes a claim and stakes their tokens in one go, ensuring that those with the best alignment receive maximum rewards.

Users have the flexibility to maintain multiple stakes at once, each varying in quantity and duration.

Additionally, users can unstake their tokens whenever they wish; however, they must observe a seven-day withdrawal timeframe to prevent any misuse of the system. The terms of the lock period, the amount staked, and user activity can all play a role in future allocations and access within the ecosystem. It’s worth noting that team members, venture capitalists, and advisors are prohibited from staking locked tokens, as these won't begin to vest until a year later.

Layer3 Gears Up To Launch L3 This Summer 

The token hasn’t launched yet. Once it does, L3 will serve as both a governance and utility token, strengthening the Layer3 ecosystem. The total supply of L3 is capped at 300 million, with 51% allocated to the community. The tokenomics of L3 break down as follows: 51% for community distribution, 25.3% for core contributors, 23.2% for investors, and 0.5% for advisors.

Layer3 This platform functions as a distribution and identity protocol focused on the $1 trillion ‘attention’ market. It aims to create a marketplace for capturing attention through an identity and rewards framework. The platform offers a versatile omnichain identity and earning solution that integrates across EVM. Solana , as well as Cosmos networks.