Odaily Planet Daily News Token distribution protocol Layer3 X stated in an article that the L3 Tokenomics is based on 3 principles: - The total supply of 3,333,333,333 L3 Tokens; -2 destruction mechanisms; -1 unified stake mechanism with 3 levels of utility (layered stake). Earlier, Layer3 Foundation released the Token L3 economic model, which has a total supply of 3,333,333,333: 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 is 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 will be taken on July 22 and will be available on the Airdrop query page on the 24th.

Odaily Planet Daily News According to StarkWare's article on the X platform, StarkWare provides a series of expansion solutions to meet various needs. L3 on Starknet is about to be launched, which is similar to Appchain, but with a greater reduction in costs and expenses for developers and users.

On May 30th, Layer3 blockchain Orbs launched Perpetual Hub, an on-chain perpetual futures trading solution based on intention. Perpetual Hub was developed in collaboration with SYMMIO and IntentX, leveraging Orbs' L3 technology to provide traders with on-chain tools required to execute perpetual futures trades at CeFi level. Perpetual Hub supports on-chain perpetual futures trading, including services such as Hedger, Liquidator, and Price Oracle.

On May 30th, XAI announced a partnership with Horizon and Sequence to launch Xai Builder, an integrated L3 developer control platform for building AAA games.

Golden Finance reported that Texan, head of rise at Polygon, made several comments on the "Layer 3" on the X platform: Some people have proposed L3 to solve the encryption extension problem, but they have longer shortcomings; Aggregated L2 has all the advantages, but no disadvantages, and truly enables encryption scaling; Some L3s can be interoperable within a single L2 ecosystem, but this would still decentralize liquidity and users by creating a moat; long L3 model that relies on L2 for Settlement includes fee extraction; · L3 sacrifices some sovereignty and relies on governance and fee extraction imposed by L2.

🚀 Layer3 says airdrop for utility and governance token coming in early summer: Layer3 announced it will launch its governance and utility token, $L3, with an initial drop slated for this summer, according to a post to X. #layer3# #layer2# #layer1#

🎩 Degen Chain Stops Producing Blocks. The L3 Base network hasn't produced a block in more than 24 hours. #meme# #layer3#