Question 1

What is Layer3?

Accepted Answer

Layer3 is a decentralised platform providing omnichain infrastructure for blockchain ecosystems. It facilitates interoperability between blockchains, supports on-chain identity verification, and manages incentive systems. The platform enables the creation and execution of advanced on-chain tasks and rewards mechanisms, allowing blockchain projects and communities to interact seamlessly across multiple networks.

Through its infrastructure, Layer3 provides tools for building custom on-chain experiences, tracking user engagement, and distributing rewards. It integrates these capabilities into a single ecosystem to streamline operations for creators, developers, and communities.

Question 2

What is Layer3 (L3) used for?

Accepted Answer

Layer3 (L3) is the utility token of the Layer3 ecosystem and is used for:

* **Governance:** L3 token holders can vote on proposals and participate in decision-making processes related to the platform's development and resource allocation.

* **Staking and Rewards:** L3 tokens can be staked to earn rewards, improve eligibility for incentives, and enhance utilities across the ecosystem.

* **Incentive Distribution:** The token facilitates the distribution of rewards for on-chain activities, such as completing tasks or participating in engagement campaigns.

* **Access to Platform Features:** L3 tokens unlock exclusive tools and services within the ecosystem, including advanced on-chain engagement features and the ability to customise incentivised tasks.

* **Token Burning:** L3 tokens are burned as part of specific ecosystem activities, reducing the circulating supply and supporting deflationary mechanisms.

The L3 token is integral to Layer3’s operations, enabling efficient governance, reward allocation, and platform functionality.

Question 3

Who created Layer3 (L3)?

Accepted Answer

Layer3 was co-founded by Dariya Khojasteh and Brandon Kumar.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	L3-USD L3-USD	coinbase	AA	0.002750USD	-11.29%	72,090,218.00L3	2,792	0.003100USD	0.003190USD
2	L3-USDT L3_USDT	gateio	A	0.002771USDT	-11.10%	19,640,728.00L3	1,917	0.003117USDT	0.003187USDT
3	L3-USDT L3-USDT	kucoin	BB	0.002780USDT	-10.03%	3,417,662.40L3	1,268	0.003090USDT	0.003200USDT
4	L3-USDT L3USDT	bybit	A	0.003034USDT	-2.26%	2,913,163.90L3	398	0.003104USDT	0.003596USDT
5	L3-USD L3USD	kraken	AA	0.002817USD	-9.54%	1,534,518.78L3	101	0.003114USD	0.003230USD
6	L3-USD L3_USD	cryptodotcom	AA	0.002785USD	-9.98%	332,110.00L3	19	0.003093USD	0.003155USD
7	L3-USDT l3usdt	huobipro	C	0.002720USDT	-11.40%	583,278,200.68L3	30,096	0.003070USDT	0.003210USDT
8	L3-USDT L3_USDT	bitunix	C	0.002759USDT	-11.03%	23,416,370.00L3	5,930	0.003101USDT	0.003190USDT
9	L3-USDT L3USDT	mexc	C	0.002713USDT	-13.32%	17,788,857.11L3	3,262	0.003130USDT	0.003180USDT
10	L3-USDT L3_USDT	bydfi	-	0.002778USDT	-11.25%	13,406,603.77L3	3,333	0.003130USDT	0.003180USDT
11	L3-USDT L3_USDT	coinw	-	0.002770USDT	-10.65%	8,166,659.28L3	1,916	0.003100USDT	0.003170USDT
12	L3-THB THB_L3	bitkub	C	0.09270THB	-7.94%	6,703,245.04L3	256	0.1007THB	0.1094THB
13	L3-IDR l3idr	indodax	E	55.00IDR	-8.33%	2,474,411.33L3	388	60.00IDR	63.00IDR
14	L3-USDT L3USDT	coinex	C	0.002779USDT	-10.76%	177,180.50L3	1,458	0.003114USDT	0.003431USDT
15	L3-KRW L3_KRW	coinone	C	3.73KRW	-24.50%	33,001.51L3	17	4.94KRW	4.94KRW
16	L3-USDT L3USDT	hitbtc	E	0.01048USDT	0.00%	0L3	0	0.01048USDT	0.01048USDT
17	L3-USDT L3USDT	bitrue	D	0.07777USDT	0.00%	0L3	0	0.07777USDT	0.07777USDT
18	L3-USDT L3_USDT	poloniex	C	0.005490USDT	0.00%	0L3	0	0.005490USDT	0.005490USDT