OKX Lists Layer3 (L3) Token for Spot Trading

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We are pleased to announce that OKX is listing the Layer3 (L3) token for spot trading. Please refer to the following schedule for key timelines:

What is the Layer3 (L3) Project?

Layer3 is a decentralized attention economy protocol designed to shift value from centralized web2 platforms to a decentralized web3 ecosystem. It leverages social incentives and identity protocols to create a unified infrastructure that connects various blockchain networks.

This omnichain approach aims to revolutionize how communities are built and how value is distributed. Users can discover new projects, complete a variety of tasks, and earn sustainable incentives through its platform. It also provides access to pre-token networks via launchpads, all managed through a single, cross-chain identity.

Key Token Details

Understanding the Omnichain Vision of Layer3

The core innovation of Layer3 lies in its ambition to serve as a universal connector between disparate blockchain ecosystems. In a fragmented digital asset space, moving value and identity across different networks is often complex. Layer3's infrastructure is built to simplify this, enabling seamless interaction.

By using a unified identity, users can participate in multiple ecosystems without managing separate wallets or profiles for each chain. This not only enhances user experience but also fosters a more interconnected and collaborative web3 environment. The protocol's use of sustainable incentives is key to attracting and retaining active participants.

A Guide to Participating in New Listings

For those interested in new digital asset listings, staying informed is crucial. Monitoring official exchange announcements provides the most accurate information on deposit, trading, and withdrawal schedules.

Engaging with a project’s community and understanding its core technology and tokenomics can provide valuable context before trading begins. It's always recommended to conduct thorough due diligence to assess the potential opportunities and risks involved with any new asset. For a secure and user-friendly platform to manage your digital assets, you can explore more trading strategies.

Risk Considerations for Traders

Digital assets are highly speculative and volatile investments. Prices can fluctuate significantly, and assets may become illiquid at any time, potentially leading to a total loss of investment.

The overview and forward-looking statements provided here, some of which are sourced from third parties, are for informational and educational purposes only. They do not constitute financial, investment, or any other form of advice, nor do they represent an offer, recommendation, or solicitation.

You must conduct your own research and carefully evaluate your risk tolerance before trading any digital asset. Ensure that accessing these services complies with the laws and regulations in your region of residence.

Frequently Asked Questions (FAQ)

Q: When can I start trading L3 on OKX?
A: The L3/USDT spot trading pair will officially open at 10:00 AM UTC on July 30, 2024. You must have deposited L3 tokens into your OKX account before this time to start trading.

Q: What is the total supply of L3 tokens?
A: The total maximum supply of Layer3 tokens is fixed at 3,333,333,333 L3. This information is important for understanding the token's scarcity and economic model.

Q: What makes Layer3 different from other protocols?
A: Layer3 focuses on building an omnichain infrastructure that connects different blockchains, allowing users to interact across ecosystems with a single identity and earn incentives through various tasks and engagements.

Q: How do I deposit L3 tokens to my OKX account?
A: Deposits for the L3 token will be enabled starting at 8:00 AM UTC on July 26, 2024. You can deposit tokens from an external wallet by generating a deposit address for L3 in your OKX funding account.

Q: Are there any risks I should be aware of before trading?
A: Yes, all digital asset trading carries significant risk due to high volatility and market speculation. It is essential to only invest what you can afford to lose and to view real-time market data to make informed decisions.

Q: Is this announcement available to users in all regions?
A: No, the availability of products and services is subject to jurisdictional laws and regulations. Users should confirm that accessing OKX and trading digital assets is permitted in their specific country of residence.