Layer 3 sponsored by Coinbase B3.fun will mainnet and airdrop for users

B3 is an LLayer-3 gaming network built on Base — Ethereum's lLayer-2 chain incubated by Coinbase. The project has just announced plans to issue B3 native tokens on February 10, accompanied by a community airdrop.

The token will be listed on Bybit along with several other major exchanges. According to information from the development team, a snapshot of network activity has been taken in preparation for the airdrop “S1,” and this is just the beginning.

In the near future, the project will continue to roll out more airdrops, tournaments and other opportunities to earn rewards through gamification mechanisms.

The B3 token serves not only as a trading asset, but also as a tool to support game developers in the B3 ecosystem. Development teams can sign up for funding to help scale their games.

In addition, this token offers a referral reward for those who bring new players into the ecosystem, regardless of which Gamechain they participate in. In addition, B3 holders will also benefit from future airdrops from B3's infrastructure partners.

B3 currently hosts more than 80 games and has attracted more than 6 million players. The ecosystem also supports “Gamechains” — specialized blockchains dedicated to each game, creating an optimized environment for each title. B3 staking participants will have access to the tokens of these Gamechains, as well as early testing of new games launched on the platform, which comes with many attractive rewards.

In terms of tokenomics, the project allocates 34.2% of the total token supply to the community and ecosystem, 23.3% to the development team and advisors, 22.5% to the Player1 Foundation to support the overall development of B3, and the remaining 20% is allocated to investors.

Investors, team members, and advisors will suffer a one-year cliff before tokens begin to unlock month by month over the next three years. At the moment, the exact total supply of B3 has not yet been announced.

In another development, Coinbase has also announced that it will support B3 trading on its platform. Users can trade this token on the Base network, however, Coinbase warns against sending tokens to other blockchains to avoid losing assets

Listing will begin when liquidity conditions are met, with the B3-USD trading pair deployed in stages. To increase transparency, Coinbase has also published B3's smart contract address on Base.

Immediately after the announcement of the token airdrop, some users expressed dissatisfaction with B3's total supply of 100 billion tokens, but the airdrop rate for each wallet was very low, some people did not receive tokens despite having participated in many campaigns on Galxe.

Token B3 is provided with liquidity and begins trading on the DEX at 9:30pm on February 10. In the early stages, the market saw strong volatility as token prices fell significantly.

By dawn on February 11, B3's capitalization dropped to $90 million, reflecting selling pressure from airdrop recipients or short-term traders. However, soon after, the token made a strong recovery.

At the time of writing, B3 has established a new ATH level with a capitalization of $170 million, indicating great interest from the community and the influx of cash pouring into this ecosystem.