Crypto World Community AMA: Highlights from This Week’s Episode
Live Community AMA hosted on 14th Feb (rescheduled from 13 Feb) brought some fantastic updates from the L1X team. Joined by Kevin (the Founder), Lionel, and other key team members like Mike and Ronnie, we dove into the latest developments, upcoming plans, and how our incredible community is driving this project forward. Here’s a rundown of what we covered in case you missed it!
Audit Report Released: A Milestone for L1X
Kevin kicked things off with a major announcement: the long-awaited audit report from Hashlock is out! With over 100,000 lines of code reviewed, the team is proud to share that only one high-severity vulnerability was found—and it’s already been fixed. The report earned L1X a “Secure” rating, a testament to the team’s dedication to building a robust and reliable protocol. While it didn’t snag the “Hashlocked” badge (reserved for projects with active bug bounty programs), Kevin emphasized that this is as secure as it gets for a passive audit. The report is public, so feel free to dive into the PDF and explore it yourself—maybe even toss it into ChatGPT for some extra insights!
The L1X dev team didn’t stop there. They tackled medium and low-severity issues related to performance and efficiency, rolling out fixes in just three days. With the audit complete, the code is now open-sourced, inviting community feedback as L1X gears up for more transactions and project onboarding.
L1X Swap Widget: Phase One Incoming
Next up, Kevin shared exciting news about the L1X Swap widget. Originally planned later in the roadmap, the team is accelerating its rollout in two phases. Phase one, launching within the next seven days, will make L1X tokens swappable across Ethereum, Binance Smart Chain, and Solana networks directly in the app. This move ties into a record-breaking milestone: the L1X app hit 5,000 daily users recently, up from just 300 in September!
To capitalize on this growth, the team is introducing a “Swap to L1X” campaign with rewards and educational content to onboard new users. Even a modest 1-2% conversion rate could mean 50-100 new users swapping into L1X daily, boosting liquidity on decentralized exchanges (DEXs). Phase two, expected within two weeks, will expand the widget to support swaps across all major networks and tokens.
Community Engagement: TaskOn, Competitions, and More
The community’s energy is unstoppable! We’ve crossed 175,000 task qualifiers on TaskOn, and our X account is teetering on the edge of 100,000 followers.
Kevin revealed plans for two TaskOn competitions—an arbitrage opportunity and a trading contest—tied to the L1X Swap. With daily prizes, these initiatives aim to drive engagement and trading activity.
L1X also partnered with TaskOn for their Cupid Carnival campaign, securing a prime spot to attract thousands of users. Meanwhile, the Quest platform saw 112,000 actions in a week and grew by 4,000 members, all for a modest $3,900 spend—proof of the team’s ROI-focused approach.
Kody chimed in about Galaxy, a platform similar to TaskOn but with unique perks. It’ll power more granular tasks—like staking or specific swaps—encouraging deeper ecosystem interaction. Paired with the Swap widget upgrades, this could draw bridge users to L1X, amplifying demand.
Release Pool Activation and Roadmap Updates
The Release Pool is now live, with a short tutorial video from Lionel and the team explaining how to claim (minimum $50 to cover fees). Kevin addressed community feedback about potentially lowering this threshold—let them know your thoughts! The roadmap also got a refresh: listings on BitMart and LBank are live (with a CoinMarketCap hiccup now resolved), and staking activation on Uniswap is slated for February 17th, followed by BitMart and LBank on the 20th. A swap analytics Dashboard drops on the 18th, and the wallet profiler hits on the 25th.
The team is also open-sourcing the XTalk code by February 27th, building on its inclusion in the Hashlock Audit.
Marketing and Community Power
Speaking of marketing, Kody gave a massive shoutout to our community for boosting engagement by 24% week-over-week on Twitter. He likened our efforts to pushing a car: one person can start it, but it takes a team to get it rolling fast. Liking and retweeting are great, but commenting and sparking conversations? That’s the secret sauce to tricking algorithms into amplifying our reach. (Pro tip: include the L1X App link in your replies!)
The team’s also hitting the AMA circuit hard. Kevin’s got Crypto Eagles lined up, while Kody and Ronnie are jumping into other communities to build expertise, authority, and trust (EAT, as Cody calls it). X Talks returns next week with topics like “The Great Divide” (L1 survival to 2026) and “The DeFi Dilemma”—perfect chances to showcase L1X’s interoperability and security chops. Got a project to nominate? DM the L1X handle or Kody directly!
Ecosystem Growth: Hackathons and Partnerships
Ronnie shared the team’s strategy for onboarding projects: Hackathon (starting with an AI theme), partnerships with Layer 1s needing cross-chain solutions, and merit-based individual projects. Kevin added that L1X EVM’s low-cost, fast transactions make it ideal for early-stage projects, while its multi-chain potential appeals to established ones.
The GStarter Launchpad is also in the works, with a whitepaper underway. Plus, talks with Layer 1s and private chains hint at adapters to bridge public and private liquidity—big potential there!
Community Q&A
We wrapped with some community questions:
- Cross-chain swaps? Yes, the L1X Swap widget supports them!
- Spending L1X on GStarter? It’s under consideration—stay tuned.
- Release pool phases? It’s a long-term play for gradual sales and stability. Early investors at 1-10 cents are already up big at $10!
- Staking updates? Paused due to price volatility, but rewards continue, with a relaunch by month-end.
- Tron/Bitcoin integration? Coming by February’s end in phase two of the swap rollout.
Final Thoughts
Kevin, Mike, Lionel, Ronnie, and I can’t thank you enough. From Crypto Psycho’s lightning-fast videos to the OGs, this community is the heartbeat of L1X. Keep pushing, keep talking, and let’s hit 100,000 X followers by Monday!
