On July 5th, Layer3 Foundation announced the L3 token 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, and 23.2% (773 million L3) allocated to advisors. Additionally, 0.5% (16 million L3) is reserved for consultants. At the Token Generation Event (TGE), an initial airdrop of 7.5% of the total supply, 200 million L3 (6%), will be distributed to early users and S1 participants, with 50 million L3 (1.5%) allocated to S2 participants. The distribution 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 will be taken on July 22.
