#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Odaily Planet Daily News Token distribution protocol Layer3 X stated in an article that the L3 Tokenomics is based on 3 principles:
- The total supply of 3,333,333,333 L3 Tokens;
-2 destruction mechanisms;
-1 unified stake mechanism with 3 levels of utility (layered stake).
Earlier, Layer3 Foundation released the Token L3 economic model, which has a total supply of 3,333,333,333: 51% reserved for the community; 25.3% allocated to core contributors; 23.2% allocated to investors, and 0.5% allocated to advisors.
The initial Airdrop during TGE is 7.5% of the total supply, with 200 million L3 tokens (6%) allocated to early users and S1 participants, and 50 million tokens (1.5%) allocated to S2 participants. The snapshot for early users and S1 was taken on May 10, 2024, and the S2 snapshot will be taken on July 22 and will be available on the Airdrop query page on the 24th.