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Home ยป Layer3 Tokenomics Revealed 51 Allocated to Community Initial Airdrop at 75
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Layer3 Tokenomics Revealed 51 Allocated to Community Initial Airdrop at 75

By adminJun. 21, 2024No Comments1 Min Read
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Layer3 Tokenomics Revealed 51 Allocated to Community Initial Airdrop at 75
Layer3 Tokenomics Revealed 51 Allocated to Community Initial Airdrop at 75
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On July 5 July 5th, the Token Distribution Protocol Layer3 Foundation unveiled its token L3 economic model. The total supply of L3 is 3,333,333,333 tokens: 51% (1.69 billion L3) allocated to the community, 25.3% (843 million L3) distributed to core contributors, 23.2% (773 million L3) allocated to advisors, and 0.5% (16 million L3) allocated to consultants. Notably, the initial airdrop at TGE constitutes 7.rdrop during the Token Generation Event (TGE) accounts for 7.5% of the total supply, with 200 million L3 (6%) allocated to early users and S1 participants, and 50 million L3 (1.5%) to S2 participants. Allocation for early users and S1 participants is four times that of S2 participants. The snapshot for early users and S1 was taken on May 10, 2024, and the S2 snapshot is scheduled for July 22.

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