Odaily News The Layer3 Foundation announced on X that it will release detailed L3 token economics next week. Earlier in May, the Layer3 Foundation announced on the X platform that it would launch the token L3 in early summer this year, with a total of 300 million tokens, and the community allocation accounted for 51% of the total supply. It is reported that the Genesis Airdrop of the Layer3 token will account for 5% of the total supply and will be allocated to early users and first-season participants. The Genesis Airdrop snapshot was taken at 2:00 pm UTC on May 10, 2024. In mid-June, Layer3 announced the completion of a $15 million Series A financing round, led by ParaFi and Greenfield Capital, and participated by Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber, etc.