Layer3
Crypto Overview
Purpose and Utility
Layer3 (L3) is a Web3 engagement platform that aims to onboard users into the crypto ecosystem through learn-to-earn and contribute-to-earn mechanisms. The platform allows users to complete tasks, engage with protocols, and earn rewards while learning about blockchain technology.
Business Model Analysis
The platform's business model revolves around creating an ecosystem where users can engage with various Web3 projects through quests and tasks. The L3 token serves as both a governance token and a rewards mechanism for platform participation. The model appears transparent and doesn't involve any inherently prohibited activities.
Real-World Adoption
Layer3 has established partnerships with numerous blockchain projects and protocols. The platform has documented user activity and engagement metrics, showing actual usage for its intended purpose. Users are actively participating in quests and earning rewards through legitimate engagement.
Development Activity
The project maintains active development with regular updates to the platform. The team consistently adds new features and quests, demonstrating ongoing commitment to the project's utility.
Token Distribution and Vesting
Token distribution information indicates predefined allocations for team, development, and community rewards with appropriate vesting schedules. The project maintains transparency regarding token economics and distribution mechanisms.
Revenue Model Analysis
The platform generates value through collaborative partnerships with Web3 projects and through facilitating user engagement. The revenue model does not involve interest-based mechanisms or prohibited activities.
Crypto Impact
To assign a comfort level investing in Layer3 from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Layer3.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.