Layer3 is a newly founded launchpad aiming to assist users in creating effective token distribution models and contest events to gain exposure and build strong bonds with the community. As part of the Layer3 quest platform, it is powered by the native $L3 token, which will be used for accessing pre-token protocols and receiving extended rewards from contest events.
As of September 2024, the launchpad hasn’t announced any plans to conduct token sales, and its single ongoing contest event with the Caldera crypto project has not yet concluded, making it difficult to evaluate the impact of the Layer3 launchpad.
Layer3 Crypto Launchpad Overview
Layer3 Crypto Launchpad - About
Layer3 Launchpad is an IDO platform designed to bridge the gap between emerging protocols and users by helping develop new standards for token distribution and ecosystem growth. It is part of the Layer3 xyz, a leading Web3 quest platform with over 3M users.
Leveraging its extensive experience in socialFi and community growth, it offers users a range of services, including:
- Gaining Exposure: Through its large communities on Twitter and Discord, it aims to boost the growth of its Web3 clients' user bases;
- Incentivized Campaign Creation: Layer3 Launchpad provides crypto projects with comprehensive infrastructure and support to design highly effective incentive programs for even greater exposure;
- Effective Token Distribution: Using the same infrastructure and the Launchpad team's expertise, Web3 startups can develop more efficient, fair, and targeted token distribution models to build large, robust communities.
According to the project's tokenomics, its native Layer3 token ($L3) stakers will benefit from early and extended access to the launchpad's tiered benefits, which scale with users’ stakes, as well as boosted rewards on all campaigns. At the moment, only one $100,000 contest event is available with the Caldera crypto platform.
Given the strong community interest in the Layer3 and its upcoming launch of Caldera, our team conducted an in-depth analysis of the project and identified some notable pros and cons:
✅ Layer3 Launchpad Pros:
- Support for projects in conducting and hosting incentivizing programs;
- Medium social influence score;
- Diverse infrastructure to host quality quests and other contest events on the launchpad.
❌ Layer3 Launchpad Cons:
- Currently, there is no clear description of Layer3 Launchpad services, leading CoinLaunch to rate its project support as "Low”;
- The platform hasn’t announced plans to host token sales, meaning that contest events will be the only way to engage with projects through Layer3;
- Since the only available contest event on the launchpad has not yet concluded, it is difficult to assess the performance and impact of Layer3 Launchpad.
