Odaily Planet Daily News: Token distribution protocol Layer3 published a statement on X that the L3 token economics is based on 3 principles: -Total supply is 3,333,333,333 L3 tokens; -2 destruction mechanisms; -1 unified staking mechanism with 3 layers of utility (layered staking). Earlier news, 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 consultants. The initial airdrop at TGE was 7.5% of the total supply, 200 million L3 (6%) allocated to early users and S1 participants, and 50 million (1.5%) allocated to S2 participants. The early user and S1 snapshots were taken on May 10, 2024, the S2 snapshot will be taken on July 22, and the airdrop query page will be launched on the 24th.