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Key Takeaways
Layer3’s airdrop enhance to 7.5% helps its imaginative and prescient for a scalable omnichain infrastructure.
With new funding, Layer3 plans to broaden its workforce and operations, concentrating on development within the APAC area.
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Layer3, a community-driven initiative centered on constructing an omnichain infrastructure for distribution, id, and incentives, has adjusted its tokenomics and elevated the preliminary airdrop to 7.5% of the whole provide, Layer3 Basis shared in a latest submit on X.
To match the dimensions of the imaginative and prescient for Layer3, we’ve got made 2 key adjustments:
• Whole provide of L3: 3,333,333,333.• The preliminary airdrop might be elevated to 7.5% of whole provide.
Detailed tokenomics will be discovered within the Layer3 Basis’s docs.https://t.co/xmeaXcv88G pic.twitter.com/hxH0dj91Fv
— Layer3 Basis (@Layer3FDN) July 5, 2024
As detailed in Layer3’s documentation, the whole provide of L3, Layer3’s native token, is about at 3,333,333,333. It’s deliberate that 51% of the whole provide might be distributed to the neighborhood, round 25% to core contributors, 23% to buyers, and the remaining to advisors.
Of the 7.5% of the whole L3 token provide allotted for launch on the preliminary airdrop, 6% is devoted to rewarding the venture’s early adopters (OG) and S1 program contributors. These are customers who actively participated within the venture’s early levels and demonstrably contributed to Layer3’s preliminary growth.
The remaining 1.5% is allotted to S2 reward program contributors. The snapshot to find out eligibility for the OG and S1 airdrop occurred on Might 10, 2024.
The newest updates come as Layer3 gears up for its summer season token launch and airdrop.
Final month, the venture stated it secured $15 million in Sequence A funding led by ParaFi and Greenfield Capital, with participation from Electrical Capital, King River, and Tioga Capital, amongst others. The spherical additionally noticed participation from angel buyers from LayerZero and notable figures like Scott Keto, Chief Working Officer at CoinList, and Mats Olsen, Dune’s co-founder.
Layer3 goals to make use of the funds to assist its development, together with a deliberate workforce growth and operations extension into the Asia-Pacific area.
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