Layer3 announces token economic model: 51% reserved for the community, initial airdrop accounts for 7.5%

According to Foresight 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: 51% (1.69 billion L3) are reserved for the community; 25.3% (843 million L3) are allocated to core contributors; 23.2% (773 million L3) are allocated to consultants; 0.5% (16 million L3) are allocated to consultants.

Among them, the initial airdrop at TGE is 7.5% of the total supply, 200 million L3 (6%) are allocated to early users and S1 participants, and 50 million (1.5%) are allocated to S2 participants. The allocation of early users and S1 participants is 4 times that of S2 participants. The early user and S1 snapshot was taken on May 10, 2024, and the S2 snapshot will be taken on July 22.

Foresight News previously reported that the token distribution protocol Layer3 completed a US$15 million Series A financing in June this year, led by ParaFi and Greenfield Capital.