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Tokens are set to begin vesting only after a 12-month period.
Layer3, a fast-rising token distribution platform, has excited a feeling of anticipation among users. This follows after it took to its official X account page to announce its L3 claim that is set to go live on July 30.
The new platform promises to offer users flexibility and strategic options in managing their tokens, a more than welcome development in the world of crypto token distribution.
For Layer3, the L3 claim represents a big statement as it makes public its unique approach to token allocation. The announcement confirms that eligible participants will have the opportunity to either claim their tokens directly or opt for an enhanced staking option that offers additional bonuses. This means that the platform is seeking to serve both conservative investors who prefer immediate liquidity and those looking to maximize their holdings through staking.
Layer3 to Offer Unique Staking Opportunities
Layer3’s staking option is unique in so many ways. It offers incentives to users who are willing to lock their tokens for a specified period. By choosing to stake their tokens, users not only gain access to bonus rewards but also take part in ensuring the overall stability and security of the platform.
According to Layer3, L3 stakers will benefit in three major ways. Users would earn real-time L3 staking rewards, where an optional lock equals higher APY. Staking also grants users access to exclusive features, rewards, and utility. Lastly, users can improve their alignment score by staking more L3 and engaging in more activity. This alignment score is what it will use for future distributions, the firm says.
Token Distribution Rules
Layer3’s unique approach aligns with its broader vision of creating an unusual yet rewarding token economy. However, there are specific rules that govern this launch. These rules have already set it apart from other similar token distribution events even before going live.
Notably, Layer3 has prohibited team members, venture capitalists, and advisors associated with it from participating in the staking program. This way, the platform shows its commitment to fairness and transparency in its distribution process. Furthermore, tokens are set to begin vesting only after a 12-month period. With this, early supporters and insiders will not have an undue advantage in the staking process.
It might be worth noting that Layer3’s decision to exclude early stakeholders from staking their tokens is forward-thinking on its part. That is, the firm seeks to address a growing concern within the crypto community where biases have been pinpointed in some past token distributions. By implementing a clear vesting schedule for insiders, Layer3 is extending a hand of trust and equity to all participants.
