Layer3: Airdrop application opens on July 30th and supports Token stake.

BlockBeats news, on July 29th, Token distribution protocol Layer3 announced that Airdrop application will be open on July 30th. Users can choose to stake L3 to receive rewards, and there is a 7-day withdrawal period for unstaking. The tokens of the team, investors, and advisors will start unlocking after being locked for 12 months, and they cannot participate in staking. Layer3 stated that the amount of staking, lock-up period, and activity level may affect future token distribution. The current L3 Token has not yet been launched. As previously reported by BlockBeats, Layer3 Foundation announced the token L3 economic model, with a total supply of 3,333,333,333 tokens: 51% reserved for the community; 25.3% allocated to core contributors; 23.2% allocated to investors, and 0.5% allocated to advisors. The initial Airdrop during TGE accounts for 7.5% of the total supply, with 200 million L3 tokens (6%) allocated to early users and S1 participants, and 50 million tokens (1.5%) allocated to S2 participants. The snapshot for early users and S1 was taken on May 10, 2024, and the S2 snapshot was taken on July 22nd.