Layer3: Will open for airdrop application and support token staking on July 30th

The token distribution protocol Layer3 announced that it will open for airdrop claims on July 30. Users can choose to stake L3 to receive rewards, with a withdrawal period of 7 days after unstaking. The locked tokens of the team, venture capitalists, and advisors will start unlocking after 12 months and cannot participate in staking. Layer3 stated that the amount staked, lock-up period, and activity level may affect future token distributions. The current L3 token has not yet been launched. In previous news, the Layer3 Foundation announced the economic model of the L3 token; there is 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 advisors. The initial airdrop at TGE accounts for 7.5% of total supply -200 million L3 (6%) are distributed among early users and S1 participants while another fifty million (1.5%) are given out to S2 participants.The snapshot for early users and S1 was taken on May10th ,2024,and that for S2 was taken on July 22nd.