Layer3 Foundation announced that it will launch the token L3 this summer, with the genesis airdrop accounting for 5% of the total supply

ChainCatcher news, according to official sources, the distribution and identity protocol Layer3 Foundation announced that it will launch the token L3 in early summer this year, with a total supply of 300 million, and the community allocation accounts for 51% of the total supply. Detailed tokenomics will be released in June.

The Genesis Airdrop accounts for 5% of the total supply and will be allocated to early users and first-quarter participants. The snapshot for the Genesis Airdrop was taken on May 10, 2024, at 2:00 PM UTC.