Layer3 Announces Token Economy Model: 51% Reserved for Community, 7.5% Initial Airdrops

The Layer3 Foundation, the token distribution protocol, has announced its economic model for token L3, with a total supply of 3,333,333,333 tokens: 51% (1,690,000,000 L3) reserved for the community; 25.3% (843,000,000 L3) allocated to core contributors; 23.2% (773,000,000 L3) allocated to advisors; and 0.5% (16,000,000 L3) allocated to advisors. consultants. The initial airdrop at TGE is 7.5% of the total supply, with 200 million L3s (6%) allocated to Early Stage Users and S1 Participants and 50 million (1.5%) to S2 Participants. The allocation for Early Adopter and S1 Participants is four times that of S2 Participants, with the Early Adopter and S1 snapshots taken on May 10, 2024, and the S2 snapshot to be taken on July 22nd.