Layer3 Price

Layer3 (L3) is a Web3 project marketing platform that helps users engage with decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). By completing tasks on the platform, users can earn tokens, NFTs, and Experience Points (XP). Project owners use Layer3 to drive traffic and engagement by offering rewards through various on-chain and off-chain activities.

Layer3 aims to enhance the Web3 experience by providing users with guided interactions and rewarding participation in projects. It also introduces new users to Web3 technologies and projects, facilitating a more streamlined and rewarding experience.

Layer3 functions as a Web3 project marketing platform. It allows you to engage with DeFi, NFTs, and DAOs through interactive tasks called Quests. Here's how it works:

1. Connect Wallet: Start by connecting your crypto wallet to the platform.

2. Complete Quests: Participate in Quests designed to help you explore and learn about various Web3 projects and technologies. These Quests can involve activities such as swapping tokens, staking, or using DeFi applications.

3. Earn Rewards: By completing Quests, you earn rewards in the form of Experience Points (XP), NFTs, and sometimes tokens. These rewards can be traded or used within the Layer3 ecosystem.

4. Interactive Learning: Layer3 makes the learning process engaging and rewarding, encouraging you to discover new projects and technologies in a hands-on manner.

Layer3 facilitates over 120 million transactions across more than 500 ecosystems, helping to drive traffic and user engagement for Web3 projects.

Layer3 was founded by Brandom Kumar, a graduate of the University of Washington, who started his career in an investment institution before founding Layer3 in September 2021. The platform was launched in 2021.

Layer3 introduced its governance and utility token, $L3, in 2024. The token will enable users to participate in governance and access enhanced utility across the platform.

The platform conducted a Genesis Airdrop in May 2024, rewarding early users and active participants. Multiple airdrops are planned to align long-term engagement between users and ecosystems.

The L3 token on Layer3 web3 marketing platform is used for several key purposes:

1. Access Rewards: You can stake or redeem L3 tokens to access various incentives and multipliers, such as rewards and tiered experiences. Earn passive yield and additional rewards by staking L3 tokens. Staking unlocks various benefits across three layers:

> Layer 1: Earn passive L3 and participate in governance.

> Layer 2: Access exclusive quests, tiered rewards, and launchpad projects.

> Layer 3: Get multipliers on L3 airdrops based on activity.

2. Layer3 Ecosystem Gating: You can burn L3 tokens to create advanced on-chain experiences and to access certain protocol features, such as posting quests or gaining exclusive perks within the Layer3 community.

3. Governance: L3 token holders participate in governance decisions, influencing aspects of the Layer3 protocol and decentralized applications.

4. Trade L3 on KuCoin: Trade Layer3 coin against other cryptos listed on the KuCoin Spot Market based on your research and investment goals. You can buy, sell, or HODL $L3 in your portfolio to profit from changing market conditions and volatility.

There are 3,333,333,333 L3 tokens. The Layer3 token distribution is as follows:

> Community: 51% of the tokens (around 1.69 billion) are allocated to the community over four years.

> Core Contributors: 25.3% are reserved for core contributors, with a four-year lockup period.

> Investors: 23.2% are allocated to investors, also with a four-year lockup period.

> Advisors: 0.5% are set aside for advisors.