PANews reported on July 5 that the token distribution protocol Layer3 Foundation released its token economics model and announced two important changes: the total supply of L3 tokens is 3,333,333,333, and the initial airdrop is increased to 7.5% of the total supply. Layer3 token economics is based on three principles: total supply, destruction mechanism, and layer staking. Layer staking includes passive income and governance, earning other tokens and increasing utility through staking, and activity-based L3 rewards. The community must purchase and destroy L3 tokens to access the Layer3 protocol and network. The initial airdrop will distribute 250 million tokens to early users and community members, and the remaining allocation will be released gradually.
