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L1X Community Live Webinar - Monthly Recap & April Roadmap
Recorded: March 27, 2025 Duration: 1:15:40Space Recording
Short Summary
L1X Community Update: As the project gears up for Q2, significant advancements in user experience, strategic partnerships, and a robust fundraising strategy are set to enhance growth and community engagement. With over 620,000 task qualifiers and a focus on quantum-resistant technology, L1X is positioning itself as a leader in the evolving crypto landscape.
Full Transcription
I think we are left.
All right.
Good morning, good afternoon, good evening, wherever you're at in this crypto world.
My name is Cody and I'm your host here for the L1X Community Update.
So I've got a great group of guys joining me today.
Hello, guys.
How are we doing this morning?
Let's kick this thing off right. Kevinvin do you want to get us started yeah yeah absolutely firstly good morning good afternoon good evening
to wherever you are welcome back to the organics amy pretty excited you know for the time to come
because quarter one is almost over and what a quarter to have.
I think if you compare it with all the projects that's out there and you do a straight up
90 day comparison between what we've done and what has been going on, I think the whole
team deserves a good night's sleep, at least least one day but yeah i think i'm pretty
proud of the community and i'm pretty proud of the team that we've worked hard and you know
the quarter one has completed where we don't regret what we did we did everything we could
and we want to get into quarter two with more enthusiasm and you know more work that's that's coming up so i
think in this ama we'll cover up quite a bit of that what i'll do is i'll share my screen like
always and we'll go through the pointers one by one so let me share my screen okay Let me know once you guys can see my screen. Yep, it's up.
Okay. Good.
Okay. So in this specific AMA, what we'll do is we'll go through, you know, updates since the last AMA.
Leo will go through his part as well. Ronnie will give you an update on the hackathon.
And of course, you know, we'll look at the roadmap, what's coming up next.
I might give a little bit of alphas here and there.
So if you stick around in the AMA,
you might get a few alphas for you as well.
First, let's hand it over to Leo.
And maybe Leo, you want to kick it off?
Yeah, perfect.
So we did upgrade the swap UI
where the users will be able to go and perform a swap as usual, but they won't
have to wait until the swap is completed. So it makes, you know, like it gives more space to the
user to exactly do what they have to do and a transaction that is completed or in progress
is basically parked at the site and then the user can track now the reason why this is one
um you know of the most like one of the important feature for the swap is many a times you know
there are delays because you, the congestion on the destination
networks and that's why the swap is still in progress. So what our users can do is, you know,
just go complete the swap and they can keep a track of, you know, if the swap is in pending
state and, you know, just continue with the actions. And once the swap is completed, as you can see in the UI,
there's a green notification just about the tabs over there.
So you just get a notification and you can go and track.
So this is gonna make the swaps seamless
and keep more users,
like allow users to go and swap over there.
Yeah, can we move to the next piece?
Yeah, I'll continue further with the tech updates
as well for the week.
Now, since we have already picked up the swap,
if you go and use the current swaps on L1X app,
what users experience is, for every action,
there are multiple calls that are sent for fetching quotes and stuff, and that causes the user's actions to freeze.
So every user action makes a call in the backend and it freezes the application.
be releasing an update where these things are optimized and the user will be able to
get a better experience while performing swaps.
So that's an update on the swap feature.
The next update is a lot of users, a lot of community members have been reaching out through
area sources.
So as I mentioned previously, we did have a bottleneck before with the nodes
we are trying our best and for the last 48 hours we have had a good result you know on testing
and we have been working very closely with few volunteers as well so the bottleneck problem
that used to halt the network or i would say like fail the
transactions um has been resolved by the team the team has been working very hard towards it
and um in next uh two days we will be making an update whether community users will be able to
you know basically start contributing to the network right right? Acting as a validator. And to the existing node users,
I know like the nodes are not active,
but as promised, we will be giving you the daily rewards
that you all have been receiving so far.
And once, I think somewhere if things go well
and somewhere around mid next week,
the users will be only receiving rewards for their contribution to the network that's all from mine kevin okay good yeah i think
uh you know i think leonel and the dev team definitely you require a good round of applause
for this because for the last three months you
know because when i was in the office as well we you know sit down in a specific place to work and
after 16 hours somebody else is calling us we're still in the same place um so i think all the
devs have been working really hard and all these small things will start adding up you know to more
hard and all these small things will start adding up you know to more adoption liquidity and
you know rolling out into the new features that's going to help as well anyhow let's move on
i think someone's mic is on can you mute yeah okay moving on we have the bitcoin integrated into l1x swap so if you connect your wallet which
is the bitcoin wallet and you go to l1x app and go to the l1x swap page you will be able to swap
from and to bitcoin with other networks now this is important because definitely, you know, everyone in the crypto space must have had some kind of experience getting Bitcoin in the decentralized context.
Right. And to make that experience seamless when they come on the protocol or on the app specifically, this specific feature helps them realize that this could be a great entry point for someone to get into even Web3.
Bitcoin being one of the first coins and PlayerOneX being the second one.
Right. Until we go to the first.
Anyhow, also what is important to understand over here is because the Bitcoin network fee is comparatively higher than the other ones there is more fees that is
collected and the more fee that is collected the more amount of liquidity that goes into the release
pool as well so we definitely want to push this specific feature um you know for new user onboarding
and of also you know moving it into the liquidity.
One of the other features we are pretty excited about is the...
Ronald is on stage as well.
Okay.
So one of the other features we are excited about is the direct swap.
We'll talk about that.
But Bitcoin into the direct swap is going to be very seamless because you won't even need to connect a wallet after that.
So I think all this wallet connectivity issues or stuff
that you have onto multiple different places connecting
different types of wallets, next month,
and probably before the second week,
we'll have the direct swap integrated
with all these networks.
So you will be able to swap out seamlessly as well. Moving on. Yes, we did not
waste any time. You know, we went into an AMA and after four to five days, we have the first version
of the white paper released, which targets quantum resistant cross-chain messaging,
white paper released, which targets quantum resistant cross-chain messaging, secure state
storage and multi-chain rollups.
And this specific white paper, I would like to believe is the first white paper in the
Web3 space for an interoperability protocol in terms of allowing other protocols to be
quantum resistant using your technology so i'm pretty
proud of this white paper if you haven't read the white paper i definitely recommend
you know you go in have a look and for those of you who actually want to you know use chat gpt
along with this quantum based paper what i recommend is there is a website called doc send to PDF that allows you to convert
your docs and link to a PDF, right? So for our community members, if you download that PDF,
and you go in there, you can definitely ask some questions. But more importantly,
you know, not only from the tech perspective, we have also focused on this myth around,
Not only from the tech perspective, we have also focused on this myth around protocols
that the moment you connect quantum-based cryptography into your protocol, your quantum
resistance, right?
One silver bullet to everything.
And I think Mike worked with me on this specific paper as well.
So Mike, maybe if you have something to add.
Yeah, it's very easy for chains to actually put a nice little add-on on the side and claim
they're resistant. I think probably one of the key things here is it's got to be fully
integrated through the solution from the core. And the way that Kevin and the developers
have actually put together Xtalk, the virtual machines, every component that makes up the
Layer 1X network is that it's been built with that modularity to enable those components to be integrated together as one so that they form part of the whole.
Whereas other chains are going to be adding on.
It's almost like you go and get your Microsoft Word and you stick another little add-on in it that does your spell check or your grammar.
The reality here is it's got to be that fully integrated solution and that's really what um uh kevin is um and the um
and the des are actually looking at uh achieving now the other thing is with and i've said this
before one of the problems that's going to come up with uh with blockchain is that those your
public sorry your private keys are going to be crackable in the future within about the next
five years is the estimate from the NSA
and a number of other NIST and a number of other agencies.
So we need to solve this problem.
And we can't wait for five years before we look at it.
It's got to be solved today.
And I think the ones that can do that and actually integrate it
into the solution and provide those cross-chain swaps
and make them secure,
that's a winner.
Kevin, back to you.
Yeah, definitely.
And I think along with that, the ability
to understand where at the moment, if you look at 2016, 2017
onwards, when the need of multi-chain came up with RAP tokens and you had the immediate
solutions, those were bridges were picked up, right? So your first solution that you try to
pick up to solve a specific problem is always like a raw version or an implementation of things.
And with quantum being there, when that need arises, where, you know, in four years, NSA has
mentioned that you should be quantum resistant
up to a certain point and when this solution is out there which has you know marinated over a
period of 12 months um you know it becomes the natural choice in an interoperable protocol
uh with all the things that we have been you know uh you know going with to be adopted so
that being said i think the adoption is also one strong point that we are
looking at. But on the other hand, all this liquidity that is spreading around and when
there is abstraction on the liquidity coming by at that point in time as well, some kind of
protection against these kinds of liquidities through quantum resistance could also be a very
strong use case. So multiple different angles to it.
But of course, you know, adoption, liquidity creation and rolling into the next utility
is one of the core of this specific technology.
Okay.
Yes, I think Cody has put together, you know, all the spaces into one single area.
Yeah.
So I don't know if Cody, you want to say something on this or?
Yeah, for sure.
So a lot of different things are happening behind the scenes many of you guys are participating in like the 10-minute pitch the uh
weekly x talks that we have listening into kevin's uh guests uh interviews that he's doing with these
amas as well plus we've got some hackathon uh participant interviews as well. So lots of different things moving, and it's easy to get lost and have that
unorganized. And so we put together spaces.l1xapp.com so that we can kind of organize it,
make it a little bit more intuitive for new people that are coming into the space as well as old
OGs that are in the space as well, so that you can come in, find stuff, you can search for
particular type of interviews or spaces that we're doing, and always just keep up to date.
One of the things that the reasons why we did this is to help us with SEO, so search engine
optimization as well, is so that if you jump into one of these different
spaces that we've done, we've either done a complete transcript of the space, we've done
a summary of the space, or we've done kind of like an analysis on it as well so that
we kind of put our own little flavor on it which will help us anytime somebody's
searching for a particular type of project will show up as well so this will help drive some
organic traffic to the site as well so that's one of the main reasons why we did this
yeah definitely some good work there um we also have projects.l1xapp.com, which Ronnie and the team put together. Ronnie, do you want to say something about it?
community to go check it out. It gives you a list of the projects that are actively building on
L1X along with certain information as to what's the project about, why is it that they chose L1X
and also equally importantly why is it that we are excited about the project because
and we'll cover this in a little bit once we get to the hackathon piece but there are some
projects out there that are like,
they've picked up some really interesting themes.
So would encourage everybody in the community to check it out.
And just so just so everyone's aware, like with everything else,
this will be a continuous, this will be under continuous development.
It would, I guess it would never really be one and done.
I'm sure Cody doesn't like that, but that's a reality.
We'll be adding more information, more projects.
For each project, we'll be adding as much information
as we feel is relevant, but really, yes,
would encourage everybody in the community to go check it out.
Yeah. Thanks for that, Roni.
And I think it's important to have a space where you know all
these projects now that they are building on l1x you know the community and you know any person
wanting to understand more about the utility of the protocol can go in and i think more importantly
find three things right number one about the project number two is you know where the project
is in the life cycle this is
an idea is it into production is it a you know ready product and i think number three is how
exactly are they willing to use l1x and you know increase the utility for the layer 1x
so i think these three things you know will definitely be important on this specific panel
uh will definitely be important on this specific panel okay moving on
we have put together you know a quick link navigator on the home page so if you go to
l1xapp.com right now on the bottom right you have an icon which looks like a link if you click on that it will nicely segregate it for you
based on what new links are added on the website you know but also more importantly about the
resources so if you ever want to find anything about l1x you know you just go in there you'll
get everything into one single space and very soon we'll also be using this
in terms of user onboarding.
So as a new user, if you connect your wallet,
what have you read?
What have you not read?
And if there is any new stuff that comes up,
if the tokenomics content is updated,
if the white paper is updated,
there will be an icon over there telling you
that there has been an update over here and you have not read it so you know you know exactly where you are at every
point in time with the protocol as well we are planning to integrate this into the socials as
well so if you haven't you know joined it would you know ask you to join first step towards a larger purpose that we have with the NFT team.
Okay, this week we won't go a lot into the performance on socials.
Everyone can see the performances itself with the numbers, right?
But just with TaskOn, we have crossed 620,000 task qualifying.
We are, I think, right now, the second or the third largest community
on TaskOn out of a few couple of hundreds of them with projects that have raised millions
and millions of dollars, tens of millions of dollars, competing with them on TaskOn. We have been there. And this, I think, is a great testament to something which
is we catch a specific focus area in marketing and push that, drive everything towards that,
and that working where users coming from there into the swaps are one of the barometer as to if this is working for us or not. So it definitely helps.
And we are going to partner up with TaskOn, you know, even for more things, which is once the
multi-asset issuance standard is out, where you allow projects to go and, you know,
mint your tokens onto multiple networks, a lot of projects on TaskOn don't have their tokens
yet.
So, you know, this is a natural honeypot for us to onboard these users and projects from
there as well.
Okay, now I am going to zoom in a little bit over here.
Okay.
So with the roadmap, I won't go too much into the past, but just to recap, since we last spoke,
we did have the NFT tiering thing, tick marked it over here.
L1X swap version 2 update has been done.
Tronk link has been updated.
Release pool upgrade has been done where the swap fee is adding up.
So if you go into the release pool now, any swap being done, a small amount of that is going in. Bridgeless swap campaign has been
started. So I support bridgeless swap. There is a huge set of graphics that we put on as well.
That definitely helps. Quantum based white paper is out. Swap widget has been upgraded as we went
through. Bitcoin upgraded all spaces for your uh you know your twitter
uh spaces that we have amas projects now what is coming up next so we are upgrading the l1x
foundation website because we do believe that you know there's quite a bit of things in there
uh that is missing out so we are upgrading it probably by the 2nd of april we'll have it ready
where um you know all the retail investors coming in looking at the price of the coin they want to
see uh if they want to get in or not in the cx's or dx's they want to you know try to figure out
should we actually buy this coin they are naturally going into the about page so when
uh you know one information or we have one data that we have
collected is when somebody's trying to come and swap into l1x they try to go about into the about
section and look at the page so we have looked at certain heat maps through hotjar and we have
figured out what to add what not to add what to remove out of there so uh this is this is going
to be probably 5x more contentful than the current
version of the about section or the about page for l1x even the quantum paradigms are coming in there
there's quite a lot of things being added up but it's being made for the mobile version as well
and we are also a small thing but we are coming up with a new way of how you can navigate the
content on the device on the phone right um Through an assistive touch kind of thing.
So wait for it.
You'll get that.
It definitely helps because our goal over here is if someone comes on the website, they
like it, we are going to allow them to buy the L1X coin through direct swap by just depositing
into the address directly.
So if they're going through the website and they want to buy L1X,
they don't have to go to the swap page, swap into L1X and all that thing. They just look at that
wallet address, they click that, they go to the wallet, they deposit and they get the call.
So we are going to leave these things across the website. One step or one stop wallet
profiler as well. So this is going to be the first step for new projects or new users or anyone coming in.
That's the dashboard that we are coming up with.
We have the direct swap upgrade.
35 plus networks are going to be supported.
So whatever network you have currently into the regular swap,
you're going to have it into the direct swap.
And I think this is going to be the first time ever,
these all networks will be in a technology where you don't have to connect your work.
Right.
So that is really helpful.
We are launching a campaign, you know, on the zero fee swaps on while you swap.
And I think in my last AMA, I went through this a little bit where what we are going to do is because based on the NFT tier whenever you swap you get
scoring points your scoring points can be converted into L1X and your L1X can be deposited
into the release pool so effectively over a period of time we want to actually show people that if you have an NFT tier that makes sense to you based on how many swaps you do, what are the networks you swap with?
What are the tokens you swap with?
There is an algorithm that is coming out that is going to estimate the total gas fee that you will pay probably for one year or even your entire life if you do cross chain swaps.
for one year or even your entire life if you do cross-chain swaps. And then if you do it with L1X
swap, what will be the earnings that you can have against the gas fees? So this is going to be a
marketing campaign that we want to do where we are going to call it $0 swap fees when you want
to go cross-chain, get the users into the widget. And even if we have 3% to 4% conversion in there,
the volume of users coming onto the platform because of this
will definitely increase the buying into L1X,
which increases more flow into the liquidity pool
of the release pool contracts as well.
We will have Uniswap LP staking with daily rewards on L1X app. And
what I mean by that is currently there is, you know, lesser number of liquidity available
in the Uniswap, Pancake and Radium, and that is okay for now. But just a little bit of
alpha over here before I, you know, go ahead. And it's a little too early, but I just wanted
to mention that we are actually speaking
to a few VCs and institutional investors
to raise $25 million at around,
in between one, one and a half dollar of L1X price,
but there is going to be a hefty cliff
and a hefty vesting period to those coins as well.
And this money, which we we raise we are going to commit
you know some percent of that into the release pool so whenever that raise happens a percent of
that is going to be committed into the release pool and uh you know there is going to be a
portion of that which is going to be used into um you know one of the decks that is building with us
and you know allowing the projects that are building with us to have their own tokens,
but also this liquidity will be added into Uniswap, Pancake, and Radium as well.
So we do have a plan to increase, you know, the liquidity going in there and,
you know, to give that bump in the release pool, you know,
even if we take 10 to 20% of what it would be raised,
that's a couple of million dollars going into the release pool you know even if we take 10 to 20 percent of whatever we raise that's a couple of
million dollars going into the release pool straight up so we will commit that percentage
into the release pool for our community members um you know so uh this is still early and you
know we are working on that as much as we can and you know once we have more information on it we will let it out to you guys as well
21st April uh we are working on x-stock upgrade and x-stock open source along with the multi-network
asset issue and standard it's a upgrade to the x-stock infrastructure and we are doing it you
know um gradually one firm step at a time because that's what has switched things from, you know, probably
September onwards last year for us, which is one firm step at a time. That is what we are going to
take. We are not going to rush anything. And I think, you know, with the multi-network asset
issuance standard, it fits into a strategy, a marketing strategy that we believe it's going to allow us to scale
now before i go ahead and i discuss one of the scaling strategies that we are putting in place
probably will take 10 to 15 minutes max like what are we actually trying to do to scale certain
things apart from you know raising that 25 million dollars or you know, slowly building up our scaling strategy, apart from
influences, AMAs and all those things are great, but what are the foundational things
we need to do to scale?
Before that, if the team members have anything to say?
Nothing specific, Kevin, but I think like entire plan of you sharing about the fundraise and
how that would go back into the release pool, I feel that's pretty impactful for the community,
combined with the fact that I like that you stressed on the very heavy clip, because obviously
we don't want to pump and dump, and the entire idea of the release pool was to avoid that.
So I'm glad that the fundraiser is in sync
with the ethos of the release pool.
Yeah.
Definitely.
I think, you know, yeah, go ahead.
Yeah, look, I think with what we're
looking at doing with the VCs, et cetera,
and talking a little bit more about the release pool, I did a little bit of an analysis
across some of the other chains, layer one chains that have actually launched since between about
2022 and 2025. And you've got to look at them and not having in place something like a release pool.
When you look at the likes of Aptos, dropped um uh nearly 50 within uh within a day of launch so it
went from 13.73 as a high dropped to nearly uh 50 down to seven seven dollars 27 um and that was
attributed to early recipients eg all those airdrop in the inside of selling immediately
um and that's common across most of me look at sui very similar. You know,
they did a massive release of their circulating supply and that, you know, by October 2023
after their launch, they hit a low of 37 cents, you know, and same with say, you know, that
dropped as well. And but by basically any rapid increase in circulating supply can trigger
a dump. Now by putting in place the the release pool and we're actually working through a paper on uh on the white paper on that at the moment um it will actually
these are sort of things that would actually make a massive difference to a lot of these chains and
a lot of the coins that are launching to provide that market stability and that's probably key
where we can remove the ability for um individuals and organizations to manipulate prices, it can only have a beneficial
effect. It causes stability in the markets. And we've spent we've spent many, many years watching
that absolute instability across so many, so many blockchains and coins, you know, that price ramping
and the gouging and all that sort of thing. So it'll be good to actually get that, you know,
you know, some institute, some form of control around it to stop, stop dumps.
some institute some form of control around it to stop, stop dumps.
Yeah. Yeah. And I think, you know, one of the, uh,
thing that I mentioned to the, uh, in institutional investors,
where they were asking about, you know,
you did a raise on one cent and they are into the release pool thing. Um,
I think, you know, uh, if you think about it, right. Uh,
if you came in at one cent or ten cents let's
take one cent over there as an example right it's okay good numbers um you know you you probably
have a multiple of like 1100 x like if you think about from one center tender if the price is one
ten dollars right um if you look at the flip side you know if you wanted to achieve that kind of scale in Bitcoin, you would have to have bought Bitcoin in late 2010 or early 2011 when Bitcoin was around $38, $40 to achieve that scale.
So you take 2011 and you take 2025, that's 14 years, 13 years, 10 10 years 14 years so although the release pool is gradually growing you know
the price we are not you know here to say that it's worth one dollar ten dollar whatever it is
but um i think the strategies are in are getting in place to increase that so it takes time right
i mean if you if you want to sell anything at 1000x, that is a time-consuming thing, but we are trying to do it as fast as possible as well.
We're not saying that we should take that much time that Bitcoin took, for example, but we are trying to do it in the right way possible.
Even with the institutional funds, one thing which is very clear to us is there is going to be a good cliff and there is going to be a good listing.
which is very clear to us is that is going to be a good cliff and there is going to be a good listing.
So, and even if they come in between one, one and a half dollar, we don't want to reduce the price below that.
Right. So there are mechanisms being put in place, even the liquidity that can come into the release food from the race.
Right. So our community members can have that portion of that liquidity as well.
All these things are getting into place for that. Okay, now just moving
on and you know just a disclaimer you know what I'm going to go through right now is a quick
scaling strategy that we are trying to put in place so that you know we can further fund and fuel
those activities around it. Okay, now in terms of know, the scaling or foundation that we have to put for the scaling, excluding influences, marketing, you know, liquidity, all these things, there are certain strategies that we have to put in place that we can't avoid, right?
right so utility and investment driven stakeholders so these are your retail guys that come in you
know they want to buy l1x x y and z um and then the second one is the ecosystem development for
developers and projects so you know how do we get developers and projects on the platform now the
target area is three different things that applies to both the stakeholders is awareness and new
stakeholder stakeholder onboarding so how do we create more and more awareness and onboard
the first person on l1x the second one is once he's onboarded he or she's onboarded on l1x how
do we convert that onboarding into liquidity and net buy pressure on the coin right and the third
one is of course once that happens how do we then you know create a virtuous cycle of utility and
increasing the user engagement so that goes into more liquidity and net pressure.
So it's like a cycle that we want to create based on this, you know, framework.
Now, the first one.
So the target audience is utility and investment driven stakeholders.
And the target area is awareness and new stakeholder onboarding.
stakeholder onboarding. As I mentioned the $0 SwafP campaign, I think if the release pool
As I mentioned, the $0 Swap fee campaign.
is what the release pool is to tokenomics, what xDoc is to bridge business,
the $0 SwafP campaign is going to be to L1xSwap. And one of the angles over here is we are actually creating a great UI UX for anyone coming in just
to punch in some numbers and show them oh well you're going to be spending thousand two thousand
dollars on swap fees in the next one year versus you're going to be in you're going to be making
money out of that year if you wait for three years or two years right so it's like taking
your rental income or rental money and invest and making it uh you know
an investment like you could own equity right out of it so that's the agenda over here so we are
going to actually focus on the zero swap the campaign to onboard new users coming into the
protocol and the app specifically we have the bridge swap narrative
as well over here you know of course not everything is going to be based upon you know
you know actionable points but also the story behind you know uh it where we have already
released this where you can go and mint your pawn nft as a as a as a model of saying i support this
activity but because i support this you are going to start earning points
whenever you do a swap kind of mechanism. And of course the quantum resistance narrative.
The quantum resistance narrative is in such a spot it's like in a Goldilocks situation where
not a lot of people get what it is but people are afraid of it. It's like a ghost.
get what it is, but people are afraid of it, it's like a ghost. You're not seeing the ghost,
but you are afraid of the ghost. It may exist, it may not exist. So I think using the quantum
resistance narrative into the protocol and trying to be the first ones out there to look at quantum
resistance from an interoperability perspective puts us in a Goldilocks situation,
right, as well. So this is positioning ourselves into places where just bridgelessness wouldn't
take us as well. Because this is not only focusing on L1X from the perspective of quantum
resistance, this is also focusing on dApps on the other protocol. So this is what we've learned
from the past, where you don't have to build on L1x if you don't want to but well do you want to be
quantum resistant right and if you want to what all solutions are currently even available in
the market so that is where this positioning uh comes from as well the second one is, you know, liquidity and the net buy pressure. Now, as I mentioned that, you know, you have the $0 swap fee mechanism where, you know,
your expense can turn into an investment.
How do we make that more meaningful, right?
How do we give, you know, more push to that for more liquidity and net buy pressure?
So what we are going to do is we are going to allow for multiplier points.
What I mean by that is we are in a good position today where we've got users, we've got swaps going on.
We can start introducing L1X as the universal gas fee.
Now, what I mean by that is if you are trying to swap from Binance, Solana, Bitcoin, you know, even for
example, Near Protocol and you do not have the native coins of these protocols, you will still
be able to perform a swap, you know, through a payment master contract that we are trying to
build. If you hold L1X, you will be able to use that as a universal gas fee. But if you hold L1X you will be able to use that as a universal gas fee but if you hold L1X
up to a certain level and you keep it over there you will be able to get multiplier points on your
swap as well. So not only can you use L1X as the universal gas fee like a debit card mechanism
where you just put L1X and it automatically uses as a gas fee on l1x protocol but at the same time it also gives
you the ability to earn more points when you swap because everybody swaps everyone needs to swap
right um it's like the bread and butter of web 3. so l1x as the universal gas fee is going to give
some good liquidity into the uh you know into the release pool as well increasing the net buy pressure for us because
you'll have to keep loading up l1x coin um as the gas fee and we already have the tech behind so you
know all we need to do is restructure a few things and off we go imagine l1x as the universal gas fee
in direct swaps right it's crazy crazy what can be achieved with that. Okay. We also have ERC 721 staking,
as I mentioned. So Uniswap V3 introduced the concept that you will be getting an NFT card
whenever you stake into the Uniswap pools, but then you can't do anything with that nfd card which is the seven
to one so there's going to be a way where you can stake that nfd card on l1x and you know earn l1x
eth as rewards on a daily basis right but of course it's going to be in a way where we know
that you know it's not going to impact the health of the product you know the coin as well so it's coming up soon
which will increase the liquidity right and of course if you need to go and add liquidity into
uni swap you also need l1x which also increases the net buy pressure so each and every feature
is not let's build the feature and let's see how we market it now it's about how do we increase
the target area right and what feature can be built quickly
to actually get these ball rolling.
And we don't want to take a lot of time as well.
And I don't want to point fingers over here,
but I recently had a look at Supra chain
where they claim that they are multi-chain and stuff.
And then I hear about, well, we are building a bridge to go between Supra and the other networks. And I was like, how will are multi-chain and stuff and then i hear about well we are building a bridge
to go between supra and the other networks and i was like how do you multi-chain if you still
don't have a bridge and i went to their website to have a look at how are they going cross chain
and it 40 million dollars raised after four years i what i see over there
in the section where cross chain is going to be there coming soon.
in the section where cross chain is going to be there coming soon
It's amazing. It's amazing.
$40 million for years and coming soon.
I think it makes perfect sense.
Anyhow.
Yeah.
So along with that, how do we increase the utility
and increasing the user engagement?
Our good old NFT tier system.
We are going to actually increase, you know,
the utility of the NFT tiering system into the X wallet.
So we are assembling a team to work on the X wallet,
where the NFT tiering system, direct swap, universal gas fee,
all these features will be available in X wallet directly.
You wouldn't even have to come to a Linux app if you didn't want to.
Right.
And the NFT tiering system is going to be a little bit more than that, because
our idea ahead is kind of calling it like a soul bound, quantum resistant ID
and then working our way into multiple different dimensions
from that, like an ID system, which is quantum resistant
and slowly you build your data
around this quantum resistancy.
So rather than going project quantum resistant and user,
you go user quantum resistant
and then the project can use your data, right?
By giving permission.
I think Cody is smiling because we thought about this
probably a year ago, we were discussing this
one and a half, two years ago.
But yeah, I think that's where the NFT tiering system
was thought of long time ago.
Anyhow, moving on, we have the ecosystem development
for developers and projects,
plus also the awareness and new user stakeholders. So, okay, how do we onboard new developers and projects
into the protocol? One is the growth pool. So, what we are currently, you know,
contemplating and analyzing strongly is all these projects that build up, one of the things that
happens over there is that, you know, they lose traction over a period of time.
So when you give them the grant and they lose traction, the problem there is everybody gets the same level of grant.
And then there's no way of saying that, okay, this project is not working as hard as the other.
So how do we create an equilibrium here?
What we are thinking about is getting a portion of the growth pool
and assigning it to transaction performance.
And what I mean by that is over a period of time,
whichever projects are generating the maximum number of state changing calls
that make sense as well. Right.
It's not just upgrading the state for the sake of it.
You know, we're not at us.
But anyhow, you anyhow, we want to
make sure that we kind of remunerate and provide utility to the projects along with the performances
and along with the bonus that they get. So this percentage will be rewarding them based on the
weightage of the quantity of transactions that they do right so like an ecosystem transaction
generator kind of campaign that we can have around this at least for a while so it will push projects
to come up earlier on and say that okay um you know there's 10 million points for this 12 months
whoever comes first gets these coins but again these coins are going to go through the release. Right. And if they believe that this is something that they want to adopt, they can.
We also have, you know, the princeless multi-chain application development.
Now, why I say this as an onboarding tool is because whenever a project wants to go, wants to launch their coin, you know, one of the hardest question to answer at that point in time is,
do I choose gas fee efficiency versus liquidity? Because if you want gas fee efficiency, you can
go on any network. If you want liquidity, you've got to go to Ethereum, right? Or Solana. And if
you go to Solana now, okay, now how do I go back to the other ones, right? So this is where the
multi-network asset issuance standard is going to solve that
specific question for them saying you don't need to build on l1x that's fine you can build on l1x
from the perspective that you want to go and build on multiple different networks to go and take that
liquidity and onboard those users that is why you use this tech which will allow you to do it in less than 60 minutes of your time.
And we have already started setting up funnels from hackathon, from task one, from launch pads to use this tech.
So we are setting up our customers before the tech is up.
We are doing this a little bit differently, the way it should be done.
Quantum resistant narrative.
Again, I keep saying this quantum resistant narrative
thing. And right now, of course, it doesn't carry the exact amount of weightage that
bridgelessness does. But there is a foresight over here saying that the way you will be
able to sell bridgelessness is through quantum resistance in terms of giving it to enterprises, governments and the other guys.
This is definitely going to be a game changer in the future and we want to
get up on that horse and ride it all the way.
Okay, the other one is liquidity and net buy pressure.
We have the L1X app, which is a great product that we built.
But along with that, all these projects that are coming up, one of the hardest thing for
these projects is to get users.
They'll build the product, but I don't have any users.
And we've seen projects that are not on L1X, still talking about, can you integrate this?
Can you integrate that into L1X for us? Because we've got such an amazing community, such an amazing user base on
L1X app that they want to leverage. And we have decided that we do build a small app store kind
of concept in the L1X app, where your dashboard, your unique soulbound NFT data, all these things
where the project's building on us can start advertising to you itself, NFT data, all these things where the projects building on us can start advertising to
you itself, you know, about their product or feature. So this is definitely something that's
going to help in terms of liquidity and net buy pressure. Why? Because any project wanting to build
on the protocol and of course go on the app store, we will swap certain tokens that, you know, of
these projects with our tokens as well and what
that will do is it will start providing some kind of immediate liquidity to the coins into the
release pool number one number two when the DEX is up and running uh you know in the coming probably
by the end of quarter two there are liquidity pools that will be built so it could be l1x and the
project token a l1x project token b how are
they going to find that l1x we will allow them to use the l1x from the release pool into the
project pool so that they can pair their project token with the l1x and that is going to allow us
to sell l1x from the release pool directly to the external users of these projects. So anything that we are trying
to establish here is of course awareness and new user onboarding, liquidity and net buy pressure,
and of course, creating more utility around it as well. And how do we get more utility to it as well?
We focus on the L1X multi-network asset issuance standard in terms of pushing the utility of the
coin first but once they go on multiple network their main contract that manages the supply and
demand is on l1x right so once they build that on l1x they will also want to go on to multiple
different networks in terms of the features that they provide so it is going to be easier for you
to now build another contract on l1x and manage those features then to decide to go and build
something else so this is an eventual step that we are allowing them to take because previously
we were pushing them to do step number two without focusing on step number one. This time we got our step number one correct.
We make them do that and then release the utility for,
now you go and build a logical flow around your functions
onto multiple different networks.
Not to even talk about quantum resistancy,
not to talk about, we are going to allow you to use L1X
from the release pool.
So the release pool participants will be giving grants to these projects in a way,
if you think about it, but only if they advance, right?
So that they can take the L1X coins and pair it with their token.
And whenever there is people coming in, the release algorithm is going to make sure
that it keeps selling the coins into the pool of these projects as well upon the decks.
So all these different avenues being created and it's not a long time.
We are going to take this is quarter two strategy.
This is what we are going to finish in quarter two.
Isolionel is already a bit tense.
Like how many more hours do I need to work?
It's all right, man.
As long as we are pushing forward, that's all matters.
I see it's a little tensed already.
But we've got to do what we're going to do, right?
We've got to finish up the release pool
as quickly as possible.
So it is what it is yeah okay
ronnie i think this is your area awesome perfect um
okay everyone so first off um thank you to everybody in the community who helped spread
the word on the hackathon i believe like two weeks ago
when we were talking about it we were talking about our targets which were like around 50ish
total submissions of which we can um get 15-ish projects which are good that was our target
and uh yeah we we blew through it so we had about we had exactly 350 total submissions
and we've shortlisted 56 projects.
And when we say shortlisted, just to verify, these are the projects which from the first
look, they submitted an application that aligned with what we are trying to achieve at the
hackathon.
We will be talking to each of these 56 projects and then doing like a further short list if we need to to see which projects actually have
the ability and the intent to execute and get something going by the end of the hackathon.
As you can see there were like a lot of themes that the project spanned and most interestingly
tooling or creating essential tools for the ecosystem are probably like what emerged as the biggest theme out there where and I guess what we are trying to say is like, yes, there are projects that want to build NFT marketplaces, want to build DEX things. For example, building a search engine native to L1X,
that's a decentralized search engine.
And that is something which can be used by literally any project out there
that's trying to build something similar.
And I think that's probably very interesting.
And the other piece that you can see over here is that
almost half of the projects, a little less than half,
are already in an MVP or a production stage.
And what that tells us is that it's not just, you know, the hackathon didn't just attract people who are like, hey, this is cool.
Let me go build something.
But they were builders out there who were already working.
And either they were kind of searching for a chain or they had researched and they hadn't found a good fit.
And that's why they came over here.
So that's something very interesting as well um can we go into the next size please
yeah so so yes as i said like uh when we look at some common themes and observations
um there are a lot of projects which are focused on adding tooling such as low code no code tools to build
out apps data aggregators decentralized search engines and what's interesting is that besides
adding utility to the network they will set l1x apart i'm not 100 sure maybe kevin or others on
the team can opine but i don't believe there are too many chains out there that have say decentralized
search engines or that have ready you know low no-code
tools just like how you have in the web 2 space that can allow you to build and deploy apps uh
quickly what is that what is a decent search engine what's that i i've never seen one on any chain
yeah exactly i mean and i can share that project for you, Devah, I think two submissions on this, but really the idea is that it's in some ways like Google for Web3 that you can kind of go and search across multiple sources.
And what's also interesting is that some niche projects that are being built, which are focusing on the social angle. So EdTech is a theme of building a LinkedIn version for DLT where you can sort of have your on-chain resumes, connect with the job seekers on-chain, get a score, using DLT to assist visually impaired individuals.
So again, I think this will be a network differentiator.
And what's also interesting is like, as Kevin mentioned a few minutes ago, he is talking to several VCs and there are VCs out there who do like this angle.
They do like the entire DLT for social inclusion,
financial inclusion angle.
So it's important or it's good to see these projects.
What's a common theme is that a lot of projects
are using L1X for interoperability and cross chain swaps.
So which is again, great, which means that, you know, our marketing around it is working. And I know Cody, sometimes you talk about interoperability and cross-chain swaps so which is which is again great which means that you know our marketing around it is working and i know cody sometimes you talk about
interoperability and you're like yeah we need to change it but but it also works at times
and and it's interesting that um there are like projects that are looking at cross-chain swaps
and then looking at innovative ways to do it right from meme bots snipers to crypto trading bots so that those are other areas
um healthcare and crime prevention both uh using ai and blockchain to prevent digital crimes so
prevent rug pulls as well as prevent physical crimes so basically um uh cameras that can sort
of detect uh adverse events using AI technology to detect adverse events,
report them on L1X are areas that are emerging as well.
I think these are some really interesting pieces.
Probably, I guess, what's the most interesting piece out of all of this
is that when we launched the hackathon, we gave ideas.
I think our intent was not to bucket anyone anyone but it was more of that okay if
people are struggling then let's help them out and uh we've got to go back and check but i don't
believe a lot of our ideas were used which is great which shows that people have come with the
mind of our own so we weren't necessarily wrong but people have come with the mind of their own
and they know what they want to build yeah yeah and Yeah. And I think, you know, a lot of this, like what I've noticed by speaking to certain
institutional investors is that they're trying to like search for projects that bring Web3 very
close to Web2. Like, you know, how do we create that abstraction level? Right. So I think that
is where a lot of projects are also focused upon. Yes and and that's that's you're right like i think
ultimately um ultimately web 3 you really shouldn't be able to differentiate between web 2 and web 3
like today when we use uh our smartphones for example we don't really you know know what's
the underlying technology behind it uh so so i think that's how it should be with Web3, where at some
point you should not really care what wallet you're using, what chain it's on. It should be seamless.
And I think that's definitely something that the VCs are going for. And yeah, the last slide,
it's really just on some high-level timelines. So, okay, there was a typo over here i'm sorry about that but basically next week we'll
be meeting the 56-ish projects and we'll determine who do we want to invite in the hackathon we don't
have a number in mind maybe you know like we look at say you know 30-ish but again if all 56 have
a solid plan then we don't want to exclude anyone. Managing them through the hackathon would be,
it might be a logistics challenge, but we'll figure that out.
And then basically all of April, we want to do a, yeah, Kevin is smiling.
He's like, all of April, we will continuously have a dialogue with these projects,
make sure that we resolve all their dev queries,
monitor the build status.
We will be conducting like regular interviews with them
and airing them.
And the idea is just to sort of showcase their journey
that what was it like when they started off at the hackathon?
What's their experience been like, et cetera?
So if you kind of think about it,
going back to projects.l1xapp.com whether it's a community
member or it's a vc if they are interested in a project what's the project is interesting what
their demo is interesting but what can also be interesting is what's their journey been through
the l1x ecosystem when they started out by applying for the hackathon what is it that they were
thinking i'm sure they would have made some assumptions and during the hackathon process
those change once they go live uh those get refined so i think it's it's it's always
interesting to see that um but yes but really uh all of next month would be spent in hand holding
them and making well not hand holding them but in making sure that um they get the support they need
and then in may by may 15th we want to make sure that the projects are ready to present.
And what that means is they should have working code.
They should have a demo.
They should have a short PowerPoint.
They should be ready to present that by May 12th.
And that is when we would have the final presentations
and announcements of winners.
And then really starting May 15th,
we need to also start planning the next steps
with all of the projects.
Yes, they won a hackathon, great, but what's next?
Like winning the hackathon is probably the easy part.
Scaling from there on and becoming a real project
with utility is the harder part.
And that's what our focus would be on.
Cool, I think that's it from my side.
Anything else that the team wants to add?
I was smiling because initially when we went on,
we thought, okay, let's try to get at least 48 plus applications,
50 plus, select 10 or 15 out of them.
We should be lucky to get that many and we received 300 plus.
I think the universe is definitely smiling at us
from the top this year. So let's make the best of it. Yes, yep, exactly. Yeah, when you've got
something good going, you squeeze the maximum out of it. Yeah. Okay.
I think smiling is definitely the theme of this AMA for sure.
Definitely a lot of that going on.
If you're not smiling by the end of this AMA, I don't know.
There's something wrong with you, I guess.
There's a lot of great alpha that's being dropped.
Mike's behind the scenes dropping some dad jokes. I mean, it's a great day.
So I totally agree with Kevin.
I thought it was a good name I thought it was a good name.
Centralize Google. Yeah.
Run your own imagination.
Yep, exactly. So, but anyways, it's, it's a great space. Yes.
The universe is definitely smiling upon us for sure. So I'll make this quick.
Definitely, definitely doing really,
really well on the analytic side of impressions and engagements. I'm sharing this with you just so that you can kind of get an idea of,
you know, kind of the things that are clicking, what's working, what's not working.
The active times are usually right around our spaces and which are great. And they just kind of catapult us through that hump during the week.
We usually have a lot of good engagement at the beginning of the week.
And then it seems to kind of taper off during the week and then pick it back up around the
weekends.
And a lot of this has to do with everyday life, right?
Everybody's got to work.
Everybody's got their routines that they go through as well. But you know, it's great to kind of, we strategically planned our weekly AMAs that we do during the
week so that we can kind of get up over that hump a little bit. But yeah, it's definitely
helping with a lot of momentum with the regular posts that we're doing throughout the week as well.
And kudos to you guys, because you're the ones that are helping drive this so again just as a just as a recommendation to help us spread the
word even more when you see l1x anything l1x don't do the lazy man just the like jump in there and
respond uh throw a comment out there get show some love. Even if it's just somebody else within
the community that's posting L1X stuff, step up, show the love. It's the best way for us to get
that out. So go on to the next one. All right. Next one. Yeah. Basically in terms of replies,
we had a really good week this week on our AMA.
Really drove a lot of replies, which was pretty cool.
But yeah, again, keep the replies coming because that's what's going to help keep us going with that momentum.
Go on to the next one.
In terms of spaces, we have, if you remember the slide that I shared last time, in total listeners, we were only at about 1.2 million, and that was only two weeks ago. So within two weeks,
we were able to add another 1.5 million active listeners on there. We are now averaging about
four AMAs. I've actually am two minutes late for one right now that I got to jump over to,
but we're doing four of these a day. It's going really well for us there. And our active listeners
when we host over since the beginning of the year is over a thousand live listeners tuning in
every single AMA that we host, which is phenomenal.
So you can kind of see that rapid growth there.
And so this strategy has worked and it will continue to work for us.
It's opening up a lot of doors as well.
So go on to the next one.
And then you can kind of see what we've got coming down the pipe for terms of Xtalk episodes,
chain abstraction, why user experience sucks.
These are all great clickbait kind of things to get people in.
The last one was really good for clickbait.
We had about 1,100 live listeners from the very get-go, which was awesome.
We also rolled out the 10-minute pitch
show. If you haven't heard the first couple, they went really well, had a lot of good projects come
in there and chill, which is just another great BD opportunity for Ronnie and those guys to kind
of learn more about projects without talking to them, right? So this way we can reach out to them,
know where they're at in their stage, how we can help all that kind of jazz.
So all in all, it's been a really, really good successful time and we're only going
to keep growing.
Uh, we keep getting Kevin onto as many different AMAs as possible.
Uh, it's definitely a team behind the scenes working on this and there is a lot of time
and effort being put into this but uh this is what
gets me smiling every single day i'm excited to get out and and kind of cheerlead and and do as
much as i can for the l1x community it always has a special place in my heart and that's why i'm
smiling so uh uh yeah so that's my my take So great, great AMA today for sure.
Great.
Okay.
All right.
Thanks, Cody.
And I think you're going to be off to your AMA now, I guess.
Yep.
Catch you later.
All right.
Just a little quick update on the L1X coin and a little bit about bit about our market strategy so as a bit of a weekend recap i know we're in uh on a thursday now but um essentially the market activities remained within
a local range and there's no significant surges um as we anticipated recently that the l1x reacted
to at the trend line boundary now that was a bit of feedback from our um market maker and it led to about a 13 price jump on on saturday and the price
reached about 11.40 and it's since consolidated around that level i think around 11.70 odd at the
moment um so what's next um monitoring the dynamics of layer 1x relation to the layer 1 sector as a
whole we can see that over the last week the the layer one sector has grown by about 1%
and the price of L1X has grown by about the same amount.
This sort of suggests to us that the market is currently
relatively quiet.
If we compare the dynamics, not for the last week,
but over the last two months, it's
clear that the layer one sector as a whole is down.
And what that means, and interpreting that,
is that the potential in there for the price of L1X
may start to show growth or volume as potentially undervalued compared to the overall sector.
So going back to our market maker strategy, and this comes back to the release pool,
we know that our market maker strategy represents a significant evolution over previous models that
have been used on other chains um and I know that because
having done a lot of the research around some of those other chain layer one launches like um
uh Apdos sui say um I can actually see how that release pool um is actually going to make such a
significant difference um so we've incorporated that gradual data-driven approach to price the
dynamic liquidity and distribution and the adaptive order book management now if we
didn't have that in place we would start seeing dumps occurring indicating why the release pool
is needed effectively those token releases should be matched to market capacity because when there's
too many tokens chasing too few buyers the price falls so that release pool makes all the difference uh in in our strategy moving forward and uh who's next on there
oh oh yeah just a chart up there of the old one x price over the last week there's nothing
significant in that um it's showing pretty a pretty reasonable trading ranges we have some
dips down there into the red um uh on on a couple of occasions but uh you know overall it's showing pretty reasonable trading ranges. We have some dips down there into the red on a couple of occasions.
But, you know, overall, it's pretty steady.
And I think we should be pleased at that
because we're not seeing those massive swings
that we start seeing on the other chains.
You know, like I said before,
you start seeing those drops on APDOS, SUI, SAE and all the others.
They're massive price swings,
and that creates a lot of um angst
amongst um buyers and holders so yeah like i just had a question when are we going to see this
sorry when are we going to well i think we're probably looking look here's a realistic call
because people say oh yes you know sometimes you know, sometimes you over guess.
I believe that over the next, if we see some of these projects
coming through, we'll see a nice uptick.
If we start seeing the adoption of things like quantum resistance,
we're going to see a pretty strong uptick because when that starts
getting the interest of some of these big organisations out there,
that's going to put us on the map.
And that's what we want to get that exposure out there.
The swaps. Yeah, look, they work fantastically well.
You know, they're they're priced right.
The the speed is there.
The security and safety side of things are the transactions there.
But you also need the other side of it is is where are you going next?
And that is really around that quantum resistance.
Introducing that, you know, that capability into the whole chain is going to make a big difference. is where are you going next and that is really around that quantum resistance introducing that
you know that capability into the whole chain is going to make a big difference when that covers your data not only not only your transactions but your data and other other components as well
that makes a big difference if you don't understand it read the white paper and i'm guarantee you
you'll probably walk out of that and you might feel a bit more confused but that's what chat gpt
and google is there for research those terms and understand it because it's going to be big the
existing banking system will not cope uh with um with quantum computing um it will be pretty easy
for those for whoever's running those systems to be able to hack the banking system the way it
stands at the moment all those systems will have to be upgraded to be quantum resistant
All those systems will have to be upgraded to be quantum resistant.
Yeah.
Yeah.
I think it was definitely a good one.
And I think the final words from me for today's AMA would be, it took 14 years for Bitcoin to have that kind of multiple.
Yeah.
14 years after each and every person in Web3 non-web3 backing it up and with us you
know with the value that we are trying to create around it as well with the utility
and the resources we have at disposal right right? You compare apples to apples and check the performance.
It's having a bit of patience, right?
Number one.
And also at the same time, number two,
making sure that each and everything lining up
in terms of projects,
the features that we are releasing
that the projects can use,
but having a foresight on the quantum resistance
along with the bridge business
that the current 50 plus projects also want to use.
We are pushing on all cylinders to make sure that this will work right number one and number
two i think the community definitely you know the release pool is one of the very important
component to track the progress but sometimes a little bit of patience you know will take us far because all these things that we are
trying to do these are not mean utilitive pumps these are you know uh strategies and utility
that takes time to build up but once these things start rolling the effect of that is compounding
as well so the community has been very patient about it and you know we appreciate that uh
patience and the support that the community has given without which L1x wouldn't be where it is
today uh you know uh it could be from any angle it wouldn't be where it is today from any different angle and
we are working 24 7 around the clock to make sure that this thing you know is standing strong and
you know our goal of making sure that we exhaust the release pool but more importantly
we start creating tents in the Web3 space with utility,
hardcore utility going into it. And we have received some good words from institution
investors and VCs, which doesn't mean a lot to me unless they show that good words mean something
into actions. But still coming out of their mouth makes a little bit of difference because it tells us, okay,
we are on the path that the whole market is trying to project itself, right? Because of the
experience and the exposure that these people have when they look at projects. So yeah, I think a
little bit of patience, keep an eye on the roadmap, keep an eye on L1X app and you know um keep doing your swaps uh you know that you are doing
and keep supporting the protocol as much as you can um yeah i think it was a great ama
and i'm looking forward to quarter two with the same banger in terms of all the features that we
want to do anything else anyone wants to add up to?
I think a great effort tonight from everybody
giving their updates.
I think what people should be doing
is getting out there and reading things like the white
that we're releasing, but also to actually
start getting out there with snippets of those
and attributing back to L1X on the likes of twitter so take some of those um uh you know the descriptions and put it post
it out there um link it back to l1x um start engaging in those conversations and if you don't
understand it we'll then tag us in and we'll um we'll help you work through that um help answer those questions. Yeah, I think it was a great AMA. So, you know, I've seen like there are many new
users coming to swaps as well, the numbers are increasing. You know, there is a lot of engagement
with the L1X app. And again, you know, since we are moving towards getting more traffic
since we are moving towards getting more traffic with the way the marketing is pushing forward.
Just looking forward for more features. Thanks.
I guess many of the guys have been confused and related to the airdrop leaderboard extension.
And I see some most of the guys are asking where is the lead when is the airdrop TG or something
like that. So guys, it is already we have already edited our official airdrop page, which you can
see the extension extension there itself in the homepage of the L1X app. And yeah, keep pushing because the L1X airdrop
is worth around $100 million, making the airdrop one
of the largest airdrop.
And even with the 10% initial increase, initial release,
it's worth $10 million, which is also one of the huge amount, okay, as you compare to other projects.
And, yeah, and also, thank you for your continuous support.
And due to your support, we have finally reached out, like, 250,000 community members with 600,000 plus task qualifiers on Task Home.
So, thank you. Keep pushing, guys.
Thanks for your support
yeah absolutely yeah no i think it was a great amy um you know thank you so much um for the support
and yeah we are pushing our you know selves as much as we can to make sure that the release
pool goes up but i think you know practically speaking a little
bit of patience is definitely required right we would want to sell it as fast as we can as well
but yeah thank you thanks a lot the entire community members and we will see you again
in the next one peace
yeah
