The recent Layer One X (L1X) Community AMA on 25 April 2025, hosted by Kody and featuring Kevin Coutinho, Prasanna, Srinivas, and Vivek, provided a comprehensive update on the project's progress, new features, and exciting developments. Here's a summary of the key highlights from the session.
L1X App Upgrade
The L1X App has undergone a significant upgrade, improving user navigation and accessibility. While the dock feature was temporarily removed, the new UI has resulted in faster page transitions, enhancing the user experience. The team is actively seeking community feedback to refine the interface further.
The upgraded app will also support the upcoming L1X App Store, making new projects more accessible.
Zero Fee Swap Initiative
Layer One X introduced a groundbreaking Zero Fee Swap feature for cross-chain transactions. Users pay no fees for swaps, and the gas fees (e.g., Ethereum to Binance) are converted into L1X points based on the user's NFT tier (Pawn, Knight, Bishop, Rook, Queen, King). These points can be converted to L1X tokens and deposited into the Release Pool (Category B), which went live recently.
Higher NFT tiers yield more points, with King NFT holders potentially earning significant returns (e.g., ~$35,000 annually for 1,200 swaps at $250 each).
A fee calculator on the L1X app helps users estimate savings.
Hackathon and New Projects
The L1X hackathon attracted over 350 applications, with 50+ projects shortlisted. Six standout projects were highlighted:
- MAIGA (Make AI Great Again): An AI-powered trading and signal analysis framework integrating with the L1X App for coin analysis, offering sentiment and technical scores.
- L1X Metacity: A metaverse project simplifying Web3 accessibility with Web2 interfaces, starting with casino-style games and expanding to virtual land sales.
- DAN (Digital Asset Network): A Shopify-like platform for NFTs, enabling projects to launch customizable NFT stores using a unique ERC NFT standard.
- Insight Genesis: An AI-powered identity engine using voice and facial recognition for behavioral insights, targeting banking and hiring applications.
- Rohum: An AI-based avatar builder for adaptive human-like interactions, starting with teleprompting and NFT creation.
- AuditSmartAI: A tool analyzing smart contracts against historical Web3 hacks to identify vulnerabilities, integrating into L1X’s developer toolkit.
These projects will be listed on the upcoming L1X App Store, with NFT tier benefits enhancing user interactions.
Quantum DEX and Multi-Network Asset Issuance
The Quantum DEX is in development, with Phase 1 launching in six weeks. It will use a Uniswap V4 AMM model, enabling projects to mint and trade tokens. Projects can borrow L1X from the Release Pool for liquidity, benefiting stakers. The multi-network asset issuance model allows projects to launch tokens across multiple chains while managing them from L1X, driving transaction fees and utility.
Armor One X: Enterprise Integration
Prasanna and Srinivas introduced Armor One X, an enterprise-focused version of L1X designed for Web3 and Web2 cybersecurity marketplaces. It aims to bridge public and private blockchain use cases, integrating with L1X for interoperability. This initiative targets regulated entities like governments and banks, with potential applications in India’s CBDC (e-rupee).
Community Engagement and Market Insights
Kody reported a spike in community engagement, with recent Xtalks spaces attracting up to 21,000 live listeners. The team encourages more interaction on social media to maintain momentum.
On the market front, Bitcoin is consolidating around $83,000-$85,000, with potential to reach $90,000-$125,000 by May 2025. L1X’s coin price is stable within a trading channel, supported by the Release Pool.
Roadmap
April saw upgrades to the L1X website, L1X App, and Staking features. In May, the L1X App Store and Multi-network asset issuance standard will roll out, alongside the Quantum DEX. A Tier 1 exchange listing on CoinDCX is planned, with two additional exchanges in discussion. The XTO upgrade and open-sourcing are also on the horizon.
Conclusion
The Layer One X AMA showcased a robust ecosystem with innovative features like Zero Fee Swaps, a vibrant Hackathon, and strategic enterprise integration through Armor One X. With a clear roadmap and growing community engagement, L1X is positioning itself as a leading interoperable Layer 1 protocol.
Stay tuned for more updates, and check out the Xtalk spaces for deeper insights into these projects.
