L1X Community AMA – Swaps, Hackathons, and a Multi-Chain Future
The L1X Community AMA hosted on 27th Feb was packed with updates, ambitious plans, and a whole lot of community love. From new swap features to a game-changing Hackathon, here’s the rundown of what the L1X team is cooking up in the wild world of blockchain.
Kicking Things Off with Kody and Kevin
Kody welcomed alongside the L1X team—Kevin, Ronnie, Mike, Shrinivas, and more—who were buzzing with excitement. Kevin took the lead, sharing his screen to walk us through a PowerPoint that laid out L1X’s roadmap. Despite battling a cold (props for powering through, Kev!), he set the stage: January and February 2025 were stellar, and the next three months are all about building fundamentals, boosting liquidity, and rolling out big projects.
The vision? Simple yet bold: more liquidity in the release pool, killer utility for the L1X coin, and a massive push for awareness through hackathons and community engagement. Let’s break it down.
Swaps Galore and the Release Pool
First up, the L1X Swap is live, letting you trade into L1X from Ethereum, BNB, Solana, and more—straight from the app. Kevin explained their strategy: instead of waiting for one big liquidity “silver bullet,” they’re striking while the iron’s hot, creating multiple small revenue streams that flow into the release pool. Think LBank and BitMart activations (going live the day of the AMA) and a new “fee” category where swap charges will juice up the pool too.
To spice things up, they’re launching a “Swapon Daily Draw.” Swap a minimum of $5 into L1X, hold it for 24-48 hours, and you could win over $100 daily. It’s a clever way to drive hype and get more eyes on the L1X app—small stakes, big excitement.
Community Engagement on Steroids
The team’s been crushing it with platforms like TaskOn, Quest, and now Galaxy. Kody jumped in to hype up Galaxy, a flexible platform that’ll let L1X collaborate with other projects and roll out creative tasks. TaskOn stats are wild: a 110% jump in participants (175,000 members!), 92% more qualifiers (339,000+), all in three months. Quest saw a 35% uptick with 151,000 actions, and the community’s grown from 65,000 to 75,000 since mid-February. These numbers show L1X isn’t just talking the talk—they’re walking it.
The AI + Blockchain Hackathon Bombshell
Ronnie dropped the mic with news of an AI-focused Hackathon launching in two weeks (think early April 2025) and running for eight weeks. Why AI? It’s a “green field” in blockchain—untapped potential where L1X wants to lead. The goal: onboard 50+ projects, with a $2 million L1X token prize pool. Winners won’t just grab cash and dash—they’ll deploy on the mainnet and keep building, tying their success to L1X’s ecosystem.
Here’s the kicker: a Referral Program. Bring in a quality project, and you could earn $250 in L1X per referral (valued at $0.50 now, with the coin at $10—20x potential!). If your project hits the top 15 or wins, you might snag up to $1,000, potentially worth $20,000. It’s a community-driven push to get developers building on L1X, and Shrinivas added that targeting sunrise sectors like smart cities and automation could position L1X as a global pioneer.
The Multi-Chain Token Standard
Kevin unveiled Xtalks a multi-chain token standard with an integrated release pool. It’s a “deploy everywhere” campaign—launch your token on L1X, Ethereum, Solana, wherever, with two lines of code. No bridges, no mess—just seamless, bridgeless movement. New projects can hit multiple networks, tap liquidity, and scale without the headache of complex multi-chain setups. Paired with the Garter Launchpad, it’s a no-code lifeline for devs on a budget. The team’s betting big on this to make L1X the go-to for token launches.
App Growth and Roadmap Highlights
The L1X app’s blowing up—83,000 users in Jan-Feb 2025 alone, doubling 2024’s full-year total of 47,000. Swaps are at 45,300 with a tiny 0.89% fail rate (they’re aiming for 0.1% by June). Upcoming features include staking (March 6), any-network swaps (March 7), and a wallet profiler home screen. Single staking’s paused for now, but the dev team’s juggling a packed slate—kudos to them for keeping the wheels turning.
Community: The Heart of L1X
Kody and Mike couldn’t stop raving about the community. Twitter engagement’s at 65.1% (up 207% in two weeks!), with 220,000 engagements and 450,000 organic impressions. That’s bonkers for a project this size—proof the community’s pushing L1X into the spotlight. From X Talks (Tuesdays at 10 a.m. EST) to Kevin’s podcast spree (Wolf Finance, anyone?), the team’s everywhere, and the community’s amplifying it. They even teased merch giveaways—hats, water bottles—for top Twitter posters. Count me in!
The Big Picture
Shrinivas nailed it: L1X could be the “Google of blockchain”—a gateway to every chain. With 450,000 members across platforms (up from 250,000 in January), the momentum’s real. Kevin wrapped up with a heartfelt thank-you to the OGs from September 2023 and newbies alike, crediting them for making this happen. Mike echoed it: “Together, we’re uniting all of crypto.”
Final Thoughts
This AMA was a masterclass in vision and execution. L1X isn’t just another layer-1—they’re building a frictionless, community-powered ecosystem. Whether it’s swaps, hackathons, or XTalks, they’re playing chess while others play checkers. Jump in, try the swap, and join the ride—L1X is heating up, and 2025’s looking like their year.
