According to BlockBeats, on July 29, the token distribution protocol Layer3 announced that it 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 the pledge is released. The locked tokens of the team, venture capital and consultants will be unlocked after 12 months and cannot participate in the pledge. Layer3 stated that the amount of pledge, lock-up period and activity may affect the future token distribution. Currently, the L3 token has not yet been launched.
BlockBeats previously reported that the Layer3 Foundation announced the L3 token economic model. 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. 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 early user and S1 snapshots were taken on May 10, 2024, and the S2 snapshot was taken on July 22.