According to Foresight News, the token distribution protocol Layer3 will open airdrop applications on July 30. Users can choose to stake L3 to obtain rewards, and there is a 7-day withdrawal period after unstaking. In addition, the locked tokens of the team, venture capital and consultants will be unlocked after 12 months and cannot participate in staking. Officials said that the staked amount, lock-up period and activity may affect future token distribution.

Foresight News previously reported that the Layer3 Foundation announced the economic model of the L3 token. The total supply of L3 is 3,333,333,333: 51% (1.69 billion L3) is reserved for the community; 25.3% (843 million L3) is allocated to core contributors; 23.2% (773 million L3) is allocated to consultants; 0.5% (16 million L3) is allocated to consultants.