According to TechFlow, the token distribution protocol Layer3 Foundation announced in its official Discord community that it will release the initial L3 token distribution checker on July 24, but the token will not be launched on that date. The Layer3 Foundation said that they have been working hard to get feedback from the community and create a token economic model that is consistent with the long-term development of Layer3.

According to previous news, the token distribution protocol Layer3 Foundation announced the economic model of the token L3. The total supply of L3 is 3,333,333,333, of which 51% (1.69 billion L3) are reserved for the community and 25.3% (843 million L3) are allocated to core contributors; the initial airdrop at TGE is 7.5% of the total supply, that is, 200 million L3 (6%) are allocated to early users and S1 participants, and 50 million (1.5%) are allocated to S2 participants.

The early user and S1 snapshots were taken on May 10, 2024, and the S2 snapshot will be taken on July 22. Users only need to enter the primary address to query the allocation, without the need for transactions or signature operations. The Layer3 Foundation reminds users to be wary of phishing attacks and to verify information through multiple channels, prioritizing security.