Layer3: The Transformation of Full-Chain Identification in Attention Economy

Layer3 recently completed a $15 million financing round, led jointly by ParaFi and Greenfield Capital. This financing has sparked interest in Layer3, let's explore what makes Layer3 unique.

1. Overview

In the Web3 ecosystem, tokens are an important tool for community cohesion. However, the price fluctuations of tokens often affect community stability. Layer3, as a platform for aggregating and distributing attention resources, provides the necessary resources for users and projects through the construction of a full-chain identification infrastructure.

Layer3 not only provides new users with an interesting way to enter the Web3 ecosystem but also encourages existing users to explore new protocols and applications. It showcases the combination of attention economy and GameFi, aiming to unlock significant market value through a trinity strategy of attention economy, full-chain identification, and token distribution protocols.

2. Current Status of Web3 Task Platforms

Web3 task platforms can be divided into three categories:

• Traffic types ( such as Galxe, SoQuest, TaskOn )
• Education type ( such as Layer3, RabbitHole )
• Vertical subcategories ( such as Phi Land and Dework )

Currently, the overall market enthusiasm has declined, and the growth of the second-tier platforms has slowed down. Increasing user activity and addressing bot issues are key tasks for platform development. Future competition will revolve around innovation and user conversion.

The platform needs to transform into a long-term traffic pool, optimize user experience, and build a unique profit model. How to once again unite the community through benefits, thereby consolidating value, is a key growth point that needs to be explored in the future.

3. The workflow of Layer3

3.1 for C-end users

Layer3, as the infrastructure platform for full-chain identification, is committed to returning data and value sovereignty to individuals, embodying the core values of Web3.

For users, Layer3 offers the following advantages:

1. Quickly subscribe to the projects you are interested in, evaluate the project's prospects through project popularity and task progress.
2. Completing tasks can earn you CUBE as identification on the chain, accessing CUBE can yield profits.
3. One Fish, Multiple Meals: Completing tasks can earn you CUBE, Layer3 airdrop opportunities, and potential airdrops from other quality projects.

3.2 for B-end users

Layer3 provides the following advantages for project parties:

1. CUBE Certificate: Records user behavior, helping project parties identify high-quality users.
2. Simple Integration: Integrate Layer3 experience with just two lines of code.
3. Complete toolchain: Integrating cross-chain bridges and other tools to lower the user entry barrier.

3.3 Summary

Layer3 serves as a connecting bridge from ToC to ToB, providing an efficient platform for both parties. Its protocol creates a virtuous cycle: new protocols attract new users, and new users attract more protocols to join.

4. Layer3's Token Economy

4.1 Overview of Token Economics Model

The token economic model of Layer3 includes:

• Total Supply: 1 billion
• Deflationary mechanism: Token burn
• Staking mechanism: tiered staking
• Token Utility: Governance, Access Privileges, Fee Discounts, etc.
• Token distribution: balancing the interests of the community, core contributors, investors, and advisors.

4.2 Characteristics of Token Economic Model

1. Deflationary Design: User and community behavior is linked to token burns.
2. Innovative Staking Model: The staking amount + staking duration + participation level jointly determine the returns.
3. Reasonable allocation: The locking period and gradual release mechanism balance the interests of all parties.

4.3 Economic Model Operation

The economic model of Layer3 forms a stable triangular structure:

1. Build token liquidity in the trading market
2. The burning mechanism resists the risk of a large influx of tokens.
3. Link earnings to participation, promoting user activity.

5. Summary

Layer3 serves as a full-chain identification infrastructure under the attention economy, building a bridge for users and projects through an innovative token economic model and workflow. It not only efficiently promotes the prosperity of project ecosystems but also provides users with tangible benefits and a sense of participation, with the potential to unlock tremendous value in the Web3 ecosystem.