News Report Technology
June 25, 2024

Layer3 Introduces Milestones Token Distribution Tool To Reward Users For Ongoing And Future Activity

In Brief

Layer3 introduced Milestones, a programmable tool that extends token distribution beyond an airdrop to an ongoing, behavior-driven process.

Layer3 Introduces Milestones Token Distribution Tool To Reward Users For Ongoing And Future Activity

Distribution and identity protocol, Layer3 introduced Milestones, a programmable token distribution tool aimed at dynamically unlocking tokens based on usage. Unlike traditional airdrops that distribute tokens for past activities, Milestones can dynamically unlock tokens as usage increases to incentivize users’ future use, extending token distribution to an ongoing, behavior-driven process.

Its key benefits include incentivizing future usage based on ongoing activities, aligning user actions with the growth objectives of the protocol. Furthermore, it has the capability to create targeted multi-variable engagement paths and can act as a gate through any sybil-resistance tool or criteria.

Additionally, Milestones can be customized by incorporating token holdings, retained airdrops, or staked tokens data, Layer3 CUBEs, POAPs, or other credentials, as well as Gitcoin passport, along with other custom integrations.

Furthermore, it maintains user engagement by offering new challenges and incentives that evolve with the growth of the project’s ecosystem. The tool ultimately enhances tokenomics within the cryptocurrency sector, ensuring that tokens incentivize future activities and sustained participation over time.

Layer3 Announces L3 Token Launch, Allocating 51% Of 300M Supply To Community

Layer3 operates as a new distribution and identity protocol aimed at tapping into the $1 trillion ‘attention’ market. It aims to create a seamless marketplace for attention, recognized as the internet’s most valuable commodity, by leveraging an identity and incentive infrastructure. It represents the only omnichain identity and earning solution, spanning Ethereum Virtual Machine (EVM), Solana, and Cosmos networks.

Recently, Layer3 disclosed the upcoming launch of its token L3 and the Token Generation Event (TGE) scheduled for this summer, with plans to allocate 51% of the total token supply, amounting to 300 million tokens, to the community. Importantly, the introduction of Milestones as an additional feature is independent, and will not affect genesis airdrop.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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