#### What is L? L ($L) is a unique [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) that aims to reward users based on their online activity. It is the first of its kind to reward users for their online presence, specifically targeting subscribers of a certain online service. The more influence a user has, the larger their reward. The $L community is composed of genuine supporters who not only encourage online subscription but also strive to build a community of authentic, non-automated supporters. #### How does L work? $L operates through a unique mechanism known as an [airdrop](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/airdrop-), which is based on a user's online influence. It employs a proprietary algorithm to determine the value of a user's online account in $L [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token). Users can reserve their airdrop during a specific period, and later claim their airdrop into their [digital wallet](https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet). Additionally, $L offers a [staking](https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/eth-2-0-staking) service, allowing users to earn rewards. #### What are the potential use cases for L? The primary use case for $L is to incentivize online activity and subscription to a specific online service. By rewarding users based on their online influence, $L aims to encourage more people to engage online and subscribe to this service. Furthermore, $L seeks to build a genuine community of real people, not automated bots, thereby fostering authenticity and real engagement in the online space. In the future, $L aims to launch a [decentralized autonomous organization](https://blog.coinbase.com/daos-social-networks-that-can-rewire-the-world-128b73732547) ([DAO](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/decentralized-autonomous-organization--dao-)) to vote on investments and incubations in projects that support justice, transparency, and fairness in the digital space. #### What is the history of L? The $L project was inspired by a tweet in 2021 from a well-known figure who expressed a preference for the character L from the popular series Death Note. This led to the formation of the $L community, which came together to support various ventures. The project was launched with the aim of incentivizing more people to subscribe to a specific online service. The $L token was launched on a [decentralized exchange](https://www.coinbase.com/learn/crypto-basics/what-is-a-dex) platform, and a portion of the unclaimed airdrop was burned to maintain the token's value. The project has since continued to evolve, with plans for future developments subject to change at the team's discretion.