Odaily News The Layer3 Foundation announced in its official Discord community that the Layer3 Foundation will release the initial L3 token allocation checker on July 24, but the token will not be launched on that date. Earlier news, the Layer3 Foundation announced the token L3 economic model, and the total supply of L3 is 3,333,333,333: 51% is reserved for the community; 25.3% is allocated to core contributors; 23.2% is allocated to investors, and 0.5% is allocated to consultants. The initial airdrop at TGE is 7.5% of the total supply, 200 million L3 (6%) are allocated to early users and S1 participants, and 50 million (1.5%) are allocated to S2 participants. The early user and S1 snapshots were taken on May 10, 2024, and the S2 snapshot will be taken on July 22.