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

According to BlockBeats, on July 5, 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% is reserved for the community; 25.3% is allocated to core contributors; 23.2% is allocated to investors, and 0.5% is 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.