Layer3: The airdrop application will be open on July 30 and will support token staking.
ChainCatcher news, the token distribution protocol Layer3 announced that it will open the airdrop claim on July 30, and users can choose to stake L3 to obtain rewards, with a 7-day withdrawal period after the staking is unlocked. The team, investors, and advisors' locked tokens will start to be unlocked 12 months later and cannot participate in staking. Layer3 stated that the staking amount, lock-up period, and activity may affect the future token distribution. The L3 token has not yet been launched.
Previously, the Layer3 Foundation announced the token L3 economic model, with a total supply of 3,333,333,333 L3: 51% reserved for the community; 25.3% allocated to core contributors; 23.2% allocated to investors, and 0.5% allocated to advisors. The initial airdrop at TGE will be 7.5% of the total supply, with 200 million L3 (6%) distributed to early users and S1 participants, and 50 million (1.5%) distributed to S2 participants. The snapshots for early users and S1 will be taken on May 10, 2024, and the S2 snapshot will be taken on July 22.
