In a recent Webinar on 5 June, the Layer One X team, led by Kevin, shared exciting updates on their decentralized exchange (Quantum DeX), partnerships, and roadmap. The past two weeks have been described as "phenomenal," with significant milestones achieved, including the successful launch of Quantum DeX and partnerships that expand Layer One X’s reach.
Key Highlights
Quantum DeX Launch
The Quantum DeX V1 has officially launched, marking a major milestone for Layer One X. Two tokens, Biscuit and GDAO, have listed, with Biscuit seeing an astonishing 710,000% price surge and GDAO rising by 648%. Despite some teething issues, the team worked tirelessly—often without sleep—to ensure a successful release. The DEX allows swaps from any EVM network into Wrapped Layer One X (WL1X), with a $1 fee per swap distributed to the release pool and Layer One X NFT holders.
Partnership with Taskon
Layer One X has deepened its partnership with Taskon, integrating directly into their software to leverage Taskon’s community of over 10 million users and 9,000 projects. This collaboration aims to:
- Streamline project onboarding through Layer One X’s token builder.
- Enable smart contract and token activation campaigns, rewarding users for tasks like holding tokens or playing games on L1X MetaCity.
- Introduce a community voting system for projects seeking to list on L1X Quantum DeX, with the top five voted projects listing each month starting soon.
AuditSmart AI
AuditSmart AI, nearing completion, will allow projects on Layer One X or other EVM networks to submit smart contracts for AI-driven analysis and fixes. Once audited, a hash is created, minted as an NFT on Layer One X, and paired with a badge for transparency. This ensures projects deliver on their promises, verifiable via an upcoming AI analyzer tool.
Roadmap Updates
The team outlined a detailed roadmap:
- June 5–11, 2025: Focus on Quantum DeX bug fixes and streamlining the ticketing system.
- June 12: Release pool algorithm version 1.1 to enhance liquidity by automating buybacks on exchanges like Uniswap.
- June 19: Enable swapping out of WL1X to any network or token, with a $1 fee.
- June 26: Launch proof-of-intent, loan risk, and auto-adjustment models, plus an AI analyzer for pool analysis.
- July 5: Streamline swaps from any token to Quantum DeX-listed tokens without manual WL1X conversion.
- July 15: Introduce multi-network asset issuance and open-source Xtalk.
Dynamic Emission System and Node Operator Rewards
Layer One X is developing a performance-based dynamic emission system, unlike fixed models used by other DEXes. This AI-driven system rewards users with project tokens based on interaction, aiming to sustain liquidity and attract users. Additionally, node operators will receive rewards to cover server costs within the next few weeks, recognizing their critical role in the ecosystem.
Social Media and Community Engagement
Kody highlighted a 21% increase in social media engagement on Xtalks, with 99.5% of replies from non-followers, indicating growing reach. The team encourages community members to create 15–30-second clips from Xtalks Spaces to boost visibility, noting a 92% view-through rate for user-generated content. Layer One X has hosted 58 Spaces in the last six months, averaging 50–60 concurrent listeners, and participated in 254 others, reaching over 37 million people in the past year.
Market Insights
Bitcoin remains steady at $104,000–$106,000, driven by institutional interest, with retail participation absent. Layer One X’s price dipped slightly but recovered to around $2,050, supported by the DEX launch and community enthusiasm.
Looking Ahead
The Layer One X team is focused on refining the L1X Quantum DeX, onboarding high-quality projects, and enhancing liquidity through innovative systems like the dynamic emission model and release pool upgrades. With a robust community and strategic partnerships, Layer One X is poised for significant growth in the coming months.
Stay tuned for more Xtalks and upcoming Webinars every fortnight.
