Layer3 (L3) Set to Launch on CoinW Exchange, Bringing Web3 Infrastructure to Wider Audience

CoinW, a leading cryptocurrency trading platform, has announced the upcoming listing of Layer3 (L3), a prominent Web3 infrastructure project, on its WEB 3.0 Zone. The L3/USDT trading pair will be available from July 30th, 2024, at 14:00 UTC, marking a significant expansion of Web3 accessibility for cryptocurrency traders and enthusiasts.

Layer3, developed by the Layer3 Foundation, has established itself as a crucial component in the Web3 ecosystem. The project's protocols and products serve as omnichain infrastructure for distribution, identity, and incentives across the blockchain landscape. To date, Layer3 has facilitated over 120 million transactions across more than 500 ecosystems, connecting millions of users worldwide.

At the core of Layer3's offering are innovative protocols such as CUBEs, which enable omnichain identity credentials across EVM (Ethereum Virtual Machine) chains. These protocols, along with token distribution mechanisms, have streamlined omnichain token operations, making Layer3 a cornerstone of the Web3 landscape.

The L3 token, which will be tradable on CoinW, is designed to create a global liquid market for attention, effectively turning it into a currency. With a total supply of 3,333,333,333 L3 tokens, the project implements two burn mechanisms to maintain scarcity. The tokenomics also feature a unified staking mechanism called Layered Staking, offering three tiers of rewards based on staking and active participation within the Layer3 ecosystem.

CoinW's decision to list L3 reflects the growing importance of Web3 infrastructure in the cryptocurrency space. As decentralized applications and services continue to evolve, projects like Layer3 play a crucial role in providing the necessary tools and protocols for seamless cross-chain interactions and identity management.

To celebrate the listing, CoinW is launching a "L3 bounty program: Register & Trade & Retweet" event with a reward pool of 5,000 USDT. This promotion, running from July 30th to August 9th, 2024, aims to encourage user engagement and familiarize the CoinW community with the Layer3 project. Participants can earn rewards through activities such as registration, trading, and community events.

The listing of L3 on CoinW is expected to provide increased liquidity and exposure for the Layer3 project, potentially accelerating its adoption and development. For traders and investors, this listing offers a new opportunity to engage with a project at the forefront of Web3 infrastructure development.

As the Web3 ecosystem continues to expand, the importance of robust infrastructure projects like Layer3 becomes increasingly apparent. The ability to manage identity, distribute tokens, and incentivize participation across multiple blockchain networks is crucial for the realization of a truly decentralized web.

The cryptocurrency trading platform CoinW has positioned itself as a key player in bringing innovative blockchain projects to a wider audience. By listing Layer3, CoinW is contributing to the growth and accessibility of Web3 technologies, potentially shaping the future of decentralized internet infrastructure.

As the launch date approaches, both CoinW users and the broader cryptocurrency community will be watching closely to see how the introduction of L3 to the exchange impacts the project's visibility and adoption. The success of this listing could set a precedent for future Web3 infrastructure projects seeking to expand their reach through major cryptocurrency exchanges.