Layer3 is a platform that allows anyone to learn about the world of cryptocurrencies through onchain quests, regardless of your skills. The platform is suitable for users who do not know how to create a cryptocurrency wallet, as well as for Satoshi Nakamoto himself.
All quests are developed by the creators of the project together with Layer3, which confirms the originality of the project, as well as eliminates the entrance to the platform pseudo original projects, as well as other dubious communities. When filling out the application form by the project owner to enter the platform, one of the mandatory items is the question: "What is your monthly budget for the development of Layer3 Quests?". For a minute, the amount sounds starting at $10,000.
Quests on Layer3, apart from teaching the basics of using cryptocurrencies, in my opinion are honed on getting retrodrops. With the help of Layer3 I got retrodrop from Arbitrum and Jupiter (when I did the quests, I didn't know about the intentions of retrodrop from the project yet).
All tier-1, tier-2 projects that have a chance of giving out retrodrop in 2024 place quests initially on Layer3 (my observations). Projects like ZkSync, ZetaChain, Base, LayerZero, Linea, Scroll, zkEVM, Wormhole, Zora, Mode network etc. + quests from swapaloks, breeches can give double drop. For example: by doing a quest in the ZkSync network, using the multichain DeFi aggregator rhino.fi, there is a chance to get a retrodrop from both ZkSync and rhino.fi.
The user rating system is expressed in levels, which can only be obtained by completing quests for which you get experience (XP). The rating can be viewed for all time / last 30 days / last 7 days / last 24 hours. As you gain XP and level up, you can access exclusive (hidden) quests, gifts and rewards.
For a certain number of completed quests you get achivki from projects (common, uncommon, rare, legendary), which indicates the percentage of users who have completed the quest.
Also for completed quests, except experience you can get project coins, usdt, NFT, and until recently treasure chests, the mystery of which is covered in darkness.
Earnings
As I wrote above, for completing quests you get project coins and NFT besides experience. For example, let's take the BASE network, which is actively campaigning on Layer3. For the completion of the quest The Doge in the network Base I was dropped 1770 $DOG (≈ $8). Who bought NFT Doge, to him dropped at least $50. By the way still once a week comes to the wallet once a week on 50 $DOG for the minut of other NFT in Base. One quest is tied to another. A trifle, but nice. For this activity you can read here
Many NFTs mined in quests are also worth a certain amount. They range in value from $5 to $100. I personally don't sell them, as they can serve as an onchain metric to get retrodrops. The trading volume of these simple NFTs is sometimes quite surprising (screenshot below).
The recent update emphasised the referral system, where you get 0,00002475 ETH for 1 invited user for 1 referral. BUT! Each quest has its own referral link. My referral link for registration (not quest) is poke.
**What the Layer3 community is talking about?
Reading the platform's social media, many users are really looking forward to the token. Those who have reached levels 40-50-60 have spent a total of $1000-$3000 or more to complete quests. The amount is not insignificant. The community is divided into two camps: some are waiting for retrodrop from Layer3, while others do not hope for it at all, because, for example, the Arbitrum quest with spending $3-$5 on 1 purse brought retrodrop for at least $1000. That is, the platform offers quests for potential retrodrop. 1 retrodrop can fully or partially recoup all costs.
But if you roughly calculate the cost of entry of the project in Layer3 and the monthly budget for the development of Layer3 Quests in $10.000 + the number of entered community (for a minute - 371), you can roughly imagine what sums there are spinning. Accordingly, token drop and retrodrop distribution look quite real!
$L3 is coming in July.
Overview:
Total Supply: 3,333,333,333 tokens
Token Contract:
Not yet deployedCommunity: 51% (1.69 billion L3)
51% of the total L3 supply is reserved for the community, over a 4 year-period with 40% in year 1, 30% in year 2, 20% in year 3, and 10% in year 4.
200,000,000 L3 (6%) is the OG & S1 airdrop. 50,000,000 (1.5%) is the S2 allocation. This entire allocation is unlocked at TGE.
25% is the initial budget allocated by the Foundation to planned airdrops and incentives
The remaining 26% will go to the community and governed by the DAO and Foundation to be allocated to future airdrops, incentives, and ecosystem initiatives over time.
Core Contributors: 25.3% (843 million L3)
All tokens allocated to core contributors are subject to a 4-year lockup period.
During the first year, no tokens will be unlocked. Starting in the second year, 33% of the tokens will be unlocked per year, distributed daily until the end of the 4 year period.
Investors: 23.2% (773 million L3)
All tokens allocated to investors are subject to a 4-year lockup period.
During the first year, no tokens will be unlocked. Starting in the second year, 33% of the tokens will be released per year, distributed daily over the next three years. This gradual release schedule reduce large supply shocks that often occur when a significant percentage of tokens become available after the first year.
Advisors: 0.5% (16 million L3)
All tokens allocated to advisors are subject to a 4-year lockup period.
During the first year, no tokens will be unlocked. Starting in the second year, 33% of the tokens will be released annually, distributed daily over the next three years.
Airdrop 1 & 2 will distribute 250,000,000 tokens to early users, community members, and participants in S1 and S2. The early users and S1 participants allocation is 4x S2, given the large difference in length. The early users and Season 1 snapshot occurred on May 10th, 2024. The Season 2 snapshot occurs on July 22nd, 2024.
The remaining community allocation (43.5%) of L3 will be distributed to the Layer3 community via Layered Staking and future token distributions on a schedule decided by the Layer3 Foundation. Ongoing airdrops will reward L3 to users who stay active in Layer3 and our partners.
L3 emitted to the community is tied to proof of contribution to the Layer3 ecosystem. To maximize network ownership, a stakeholder must be an active participant in the Layer3 ecosystem over a sufficiently long time horizon. Factors such as staking, insta-dumps, and Layer3 participation will all be factored into future distributions from the Foundation.
DYOR
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