The mainnet launch of Layer One X, on or about January 31st, has the potential to redefine the benchmark against which other blockchains are measured. The reality now live is already remarkable. The future potential is mind boggling.
Source: L1X Foundation blog on "Unravelling Layer One X Tokenomics"
Think of Google, the Web2 titan. Is it just ridiculous hyperbole to even suggest the possibility of Layer One X being considered in the same category in Web3 someday? I will answer with simply saying a post to even begin to cover the scope of the vision of what Layer One X aspires to become would be far too long.
I will present you my version of a ... "highlight reel" ... instead and introduce you to this extraordinary new technology.
The story begins in Western Australia. The University of Western Australia in Perth to be exact. There we find this man ...
Source: Profile of Kevin Coutinho, Founder,
on L1X's "Who We Are" webpage.
There's intelligent. There's brilliant. Then ... There's Kevin Coutinho. What word would be used to describe his ability to first read every line of code behind 8 different blockchains, including Ethereum (what would a fellow wunderkind / prodigy like Vitalik Buterin say about this?), and then write the code to make direct communication between smart contracts on any of them possible?
A feat never before achieved (until 3 Mar 2023)! Rendering bridges, the single greatest point of failure resulting in the largest loss of funds (estimates vary, but it is in the billions), obsolete!!
Pause and think about that. For just a minute ... Or two ...
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"No man is an island."
As remarkable as the programming prowess of Kevin is, he cannot build his vision of what is possible by himself.
Source: Profile of Matiu Randolph, Chief Operating Officer,
on L1X's "Who We Are" webpage.
Early on, his efforts attracted the attention Matiu Randolph, a fellow Australian, who is now the Chief Operating Officer of Layer One X. He, in turn, was very effective at drawing the attention of many in his own network, to check out the potential of what Kevin was building.
Which included @abrockman, one of our fellow Hivians, who has been very successful in Splinterlands, as well as many other ventures outside of our Hive blockchain (for instance, EMP Money on the BNB Chain and SparkSwap on Pulsechain).
Who, in turn, I "met" due to @raymondspeaks answering a time-sensitive question of mine, in the Dragon Lounge channel of his Man Cave Project on Discord. Due to my unrelenting time restrictions, Ray had about (literally) a 15-minute window to answer, otherwise it is very unlikely I would be writing this post ...
So ...
It was through my association with these communities, as a VIP member, that I first learned of Layer One X and the opportunity to invest in it.
Networking, at its finest ... π
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With that, what then is the vision for what Layer One X aspires to become?
Well, okay, you are obviously not experiencing this as a video, so ... How about a "highlight reel" of bullet points in a post here on our Hive blockchain?
First, what exactly will be possible on Day 1 of the MainNet launch?
Source: L1X Foundation blog on "Layer One X and X-Talkβs Multichain Connectivity"
Full interoperability of the eight blockchains illustrated above - Avalanche, BNB Chain, Ethereum, Polygon, Solana, Optimism, Arbitrum, and Fantom.
TVL - Total Value Locked
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With that, on to the ... "highlight reel!"
Source: The awesome "1-click" power
of exchanges in the L1X App!
Source: L1X Foundation blog on "The Next Era of Web3 Gaming: DigaLabs & L1X"
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I will leave it at the above listing, for the time being. In the future, I may provide an update on how this all unfolds - focusing on one specific feature at a time.
Whatever happens, it is "right around the corner!"
Like what you see (hear)? Here is a list of resources to Layer One X's:
There are more DYOR resources, but ... This should get you started! π«‘
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Need some extra incentive to look into the potential of Layer One X? Here are a couple:
How about an incredible airdrop campaign, with 2 winners receiving a 500,000 L1X coin airdrop (amongst other smaller airdrops)? During the current beta phase, L1X has a value of $0.50.
In other words, 2 people are going to be receiving an airdrop worth $250,000! π
Source: L1X Foundation blog on "The L1X App Bounty Airdrop Just Got Bigger!"
If this is of interest to you, dear reader, please read the blog linked for you above, for more info.
If you hurry (before February 1st or MainNet launch), you can take advantage of the remarkable bonuses being offered, as incentives to stake your LIX HODLings:
Source: Vesting options illustrated, in the XPerks Club, inside the L1X App!
A 10% to 20% bonus will be paid, upon MainNet launch (i.e. deposited directly into your wallet), on all L1X coins you elect to vest, as shown above. In addition to the other benefits referenced ...
As a proud owner now of an Event Listener Node NFT, I am personally looking forward to the promised details
of what is involved to actually run one. Or ... If that doesn't seem too appealing, for whatever reason,
selling it to someone in the L1X marketplace, to someone who is interested!"
If interested, you can read more about it here.
The launch of blockchains and all that goes with them is not new. Since deciding to invest in crypto, beginning in August 2017, I have experienced a number of them. I have never experienced anything like this one.
My introduction to all Layer One X has the vision and aspiration to become led to my making my single biggest investment so far. We are soon to experience whether or not the reality matches or, ideally, exceeds the promise!
Iβd love to hear any feedback you may be inspired to provide. Or, if I can help you with any follow-up questions, please don't hesitate to ask.
Until "next time," all the best to you for a better tomorrow, as we all work together to build up our Hive Communities and add increasing value to our Hive blockchain! π π
Respectfully,
Blogger @roleerob
Hive "Dolphin" π¬ & Man Cave "Dragon" π
P.S. I am not a financial adviser. Please consider this post as financial information and / or opinion only. Please perform your own due diligence, in whatever manner seems best to you, if you have found it to be beneficial.
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βImmutably enshrinedβ in the Hive blockchain on Tuesday, 23 January 2024!
π² No trees were harmed in the publishing of this post! π²
Commemorative NFT I received, as a
Private Sale investor, to celebrate history
being made by Layer One X, on 3 March 2023.