layer3 logo

Layer3 (L3)

Past
Total Raise: $21,200,000
Date: 30 Sep 2021 - 13 Jun 2024

Layer3 is a token distribution protocol, aiming to help projects distribute their tokens more efficiently to attract and retain users. It enables web3 startups to create various social, on-chain, and product-related quests, and allows users to complete them and earn XP, Cubes, and token airdrop rewards. 

The Layer3 quest platform is powered by the native $L3 token, the main role of which is to grant users access to DAO voting and exclusive features on Layer3.

Since its inception in 2021, the project has raised over $21.2M from leading funds and backers, including Electric Capital, ParaFi Capital, Balaji Srinivasan, and others.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Layer3 Overview

Ticker: L3
Country: United States
Industry: Social
Founded: 2021
Whitelist: No
Blockchain Network: Ethereum
KYC: Yes
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit: Yes

Layer3 Review

🤔 What is Layer3?

Layer3 is one of the token distribution protocols with over 3M users, designed to connect newcomers in the crypto space with web3 startups.

It allows blockchain companies to attract new audiences by creating a wide range of quests and tasks, including:

  • Social tasks: Projects are able to create various quests related to their social media and track the progress via Layer3;
  • On-chain activity: Web3 startups can create tasks related to their product, and track users' performance on-chain.
  • Quizzes: Blockchain projects can create various quizzes and educational events to allow users to understand their technology and approach.

For completing the Layer3 quests, users receive XP and mint Cubes and NFTs from crypto projects, which allows blockchain startups to identify the most active community members and reward them accordingly.

🪙 Layer3 token: On June 5th, 2024, the company announced the upcoming release and airdrop of its native $L3 token, which will provide users with an access to the governance layer of the platform and exclusive features via staking $L3. 

According to TheBlock, the main criteria for the airdrop will be users' amount of XP and Cubes acquired when completing quests from other crypto projects.

Considering the possible release of the token soon, the CoinLaunch team conducted complete research on the Layer3 crypto platform. Here are some major pros and cons we found:

 

✅ Layer3 pros:

  • Leading token distribution protocol with over 3M users;
  • Strong average PR, SEO, and Growth Marketing performance;
  • The platform hosted multiple security assessments from tier 3 auditors;
  • Above the average Marketing Infrastructure and Influencer Marketing score;
  • Some of the top-tier backers and funds invested into the project, including Balaji Srinivasan, ParaFi Capital, Sandeep Nailwal and others;
  • Presence of a diverse network of top-tier partners;

❌ Layer3 cons: 

  • No tokenomics and roadmap presented by the team yet;
  • Lack of security audits from top-tier companies; 
  • Lack of experience of the executive team in the crypto domain before Layer3;
  • Below the average SMM score for a project of such a caliber;
  • No roadmap was presented by the team. 

Layer3 Token Economy

Total Raise: $21,200,000
Total Supply: 3,333,333,333
Private/Pre-sale: 77,333,333 (2.32%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Layer3 Token Sale (ICO & IDO) Rounds

Seed: Oct 2021 Past

Price: N/A
Tokens for sale: N/A
Raise: $2,500,000
Lock-Up: N/A
Strategic: Mar 2022 Past

Price: N/A
Tokens for sale: N/A
Raise: $3,700,000
Lock-Up: N/A
Private: Jun 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $15,000,000
Lock-Up: N/A

Layer3 Token Release Schedule

Layer3 Token Release (Vesting) Schedule

Layer3 Funds and Backers
(3/12)

Submit
Amber Group Logo
Amber Group
Score: Medium
9 numbers of
investment
Read More
5 numbers of
investment
Read More
Electric Capital logo
Electric Capital
Score: High
4 numbers of
investment
Read More
View All

Layer3 Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  18 Jun 2024 Upgrade

Layer3 Team

Dariya Khojasteh
Co-Founder & CEO
Brandon Kumar
Brandon Kumar
Co-Founder
Zeel Patel
Zeel Patel
Core Team
Ehsan Abbaszadeh
Ehsan Abbaszadeh
Head of Growth

Layer3 News

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