Layer3 Raises $15M to Launch Token and Conduct Token Distribution, AI-Powered Protocol in the Pipeline

Layer3, a token distribution protocol, has announced that it has raised $15 million in Series A round funding as it prepares to launch its token and

Layer3, a protocol for token distribution, has announced that it has raised $15 million in Series A round funding. The funds will be used to launch Layer3's token and prepare for a token distribution. The round of funding was co-led by ParaFi and Greenfield Capital with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber, and other investors.

Layer3 is a token distribution platform that enables projects to distribute their tokens across multiple layers of the blockchain. By integrating user activity and targeting, Layer3 provides an efficient distribution service to over 100 cryptocurrency projects, including Uniswap, Base, Arbitrum, and Linea, and has reached users in over 120 countries, onboarding over 3 million users.

Layer3 is also developing an AI-powered protocol for token distribution strategies, which will be launched later this year. This protocol will enable the creation of projects for issuing and distributing tokens and the improvement of client-oriented services.

Layer3 recently launched its native utility and governance token, L3, with a total circulating supply of 300 million. The first airdrop will allocate 5% of the total supply (15 million tokens) to early birds and CUBE creators. CUBE (Credential to Unify Blockchain Events) is a dynamic NFT that is generated after completing various tasks. Layer3 has allocated 51% of the total token supply to the community, while the details of the remaining distribution will be announced at a later date.

Layer3 uses an AI-based protocol to determine the optimal method for distributing tokens. Layer3 collects data on user activity, token circulation, and other blockchain events. This data is then used by the AI system to identify trends, preferences, and potential limitations.

Based on users' profiles and historical patterns with tokens, Layer3 customizes token distribution. It considers factors such as user interactions, geographical region, and preferred platforms. The AI also dynamically adjusts the distribution of tokens in an airdrop.

Different criteria, such as usage level or specific achievements, are rewarded with a corresponding amount. Layer3's AI predicts gas fees on a particular blockchain and intelligently manages tokens to minimize users' transaction costs. The AI learns and adapts to new trends or shifts in user habits and market conditions. It continuously updates distribution strategies for improved results.

Layer3's AI-powered protocol is designed to revolutionize the process of token distribution. Layer3 will use AI to optimize the token issuance and distribution process, making it more efficient and personalized. This approach will serve as a key solution for optimizing the distribution of tokens across different blockchains for both project teams and consumers. As such, an AI protocol from Layer3 is set to make waves in the crypto world with the upcoming token launch and airdrop.

With the new capital, Layer3 aims to expand its workforce from 13 to 20 employees throughout the year, including engineers, data scientists, and business developers. Stay tuned as Layer3 prepares to release its token and shake up token distribution in the crypto space. Layer3's AI aims to optimize the distribution of tokens, making it more efficient, non-biased, and user-satisfying.