Trade L3 with Leverage

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Intro

Layer3 (L3) is a blockchain-based protocol designed to unlock and monetize the attention economy. By creating the first liquid market for attention, Layer3 aims to transform how digital identity and incentives are managed and utilized. The protocol is built to support a vast array of ecosystems, integrating with Ethereum Virtual Machine (EVM), Solana, and Cosmos blockchains to enhance interoperability and scalability across the Web3 space. Layer3’s infrastructure leverages innovative identity and incentives mechanisms to reward users for their engagement and contributions within the ecosystem.

Users interact with the platform through various activities, such as completing quests, participating in ecosystems, and minting CUBE credentials. These interactions generate engagement metrics that are converted into rewards, distributed in the form of L3 tokens.

The protocol utilizes decentralized identifiers (DIDs) to ensure secure and verifiable transactions without relying on centralized entities. The Layer3 platform supports complex reward structures, including milestones that reward users for sustained engagement over time, enhancing user retention and participation.

The introduction of milestones as a reward mechanism encourages continuous user engagement by providing incentives based on long-term activities rather than single transactions. 

Users manage their data and receive rewards directly from the protocol, contrasting with traditional advertising models that often exploit user data without direct compensation. This model fosters a large and active user base while providing direct value to participants.

The L3 token is central to the Layer3 ecosystem. L3 token holders can participate in governance decisions, stake their tokens to earn additional rewards, and access exclusive features within the Layer3 platform. The total supply of L3 tokens is capped at 300 million. The initial token distribution includes a Genesis Airdrop, allocating 5% of the total supply to early users and Season 1 participants. This airdrop is designed to reward the most active and engaged users within the ecosystem.

The overall community allocation stands at 51% of the total supply, ensuring that a portion of tokens is reserved for user rewards and ecosystem development. The remaining tokens are allocated for team incentives, investor allocations, and ecosystem growth initiatives.