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kazani.base.eth 🦂
@kazani.eth
The Layer3 Foundation has announced the eligibility checker for the initial distribution of the L3 protocol token. The L3 distribution is allocated to community members based on: ▫️All historical + current activity ▫️CUBE credentials ▫️Level & quests completed ▫️Consistent participation, achievements & daily gm’s ▫️Bridge & swap volume To qualify for the early user & S1 distribution, you needed at least 50 CUBE credentials by May 10, 2024. To qualify for the S2 distribution, you needed to mint the soulbound Trident NFT by July 22nd, 2024. https://layer3foundation.org/blog/allocation-checker-is-live
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chambalam
@chambalam
Unfortunately their allocation mechanism has been a disgrace! They are branding as the attention layer rather than a exchange and have weighted bridging and swapping quite heavily for the allocation. The community is not happy about it. Only positive thing is that price almost doubled since yesterday.
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WarpedOne
@warpedone
They rewared the most active users. Yes, there might be some false reports (wrong no eligibility detection) for some users, but the distribution was fair: most active users get the most.
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chambalam
@chambalam
How do you explain that 120 cubes, lvl 27 vs 531 cubes,lvl 42 got pretty much the same allocation? Those are the most 2 valuable metrics to measure activity. Not very fair, heyy? That was my case but have seen a lot of people crosschecking values, which do not make any sense. This was a randrop, and it is fine, no one owes nothing. However, L3 should've been honest about it.
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