The only Multichain Grants Program in Web3

L1X is launching a Grants Program with a twist on how you earn grants.

The L1X Ecosystem Grants Pool will run as an Airdrop program to incentivize performance, interoperability, and exposure for your projects and users.

A total of 50 million L1X coins are allocated in the L1X Ecosystem Grants Pool, the first 35 million coins will be allocated in the first phase.

L1X offers an easy and rewarding way to experience the power of swapping Coins between different blockchains (cross-chain swaps) using L1X's innovative bridgeless X-Talk technology! Projects and Developers will earn significant rewards for implementing the L1X Cross-Chain Swap capability.

The rewards will be distributed based on project performance, with a focus on transaction fees collected.

How does the L1X Ecosystem Grant work?

The process of participating in the L1X Ecosystem Grant, works as an Airdrop, it is relatively simple. It involves following a few steps to become eligible for receiving Coins:

• Firstly, users join the official L1X Protocol community channels, such as Telegram, Discord, and Twitter and promote to their community.
• Complete the registration process, which usually requires users to create their unique L1X Wallet, which becomes a wallet of wallets. Users will be able to set up their own digital identity, for which access to personal data is fully controlled by each user, enabling them to receive rewards for providing access to their data.
• Perform specific tasks or actions as instructed by the project team, such as liking, sharing, and retweeting content on social media platforms.
• Most importantly, use X-Talk for cross-chain swaps, the more users swap, the more they earn.
• Spread the word about the project through referrals and inviting others to join the community.
• Verify your participation by submitting the required information and completing any additional steps, as applicable.
• Wait for the distribution of Coins at the end of the airdrop campaign.

Projects

• Project airdrops: When a project connects to L1X and their users start transacting using L1X, the project will receive a specific amount of Coins.
• Bonus: The first TWO projects to reach 5 million transactions on the L1X network, the project will receive a bonus of USD$1m worth of L1X coins*.
• 35 million coins on offer: The L1X Foundation is making available 35 million L1X for the Early stage.

Note: The objective is to enable projects to be rewarded in L1X, effectively making the cost of going cross-chain free for projects.

Developers

• Developers will be incentivised for each project they work on by the project.

You can also access the L1X Developer Portal, access the L1X Development SDK and start Building on L1X Core or your first cross-chain smart contract.

Users

• Exclusive user Bounty Airdrop: We will be gifting users with an airdrop of L1X coins. To qualify for this reward, members must be long-standing users of L1X, conducting regular transactions using the L1XApp. Actions required to earn-TBD
• Tasks: Participants should accomplish various promotion tasks on platforms such as Discord, Facebook, and Twitter to get the airdrop. Additional coins will be rewarded for users completing transactions on L1X
• User Types: Users will receive bonus coins based on whether they qualify as active users, semi-active users or registered users. Project Onboarding
  • Active users: Registered for the L1X Wallet and L1X App
    • 21+: Users conduct more than 21 Cross-Chain transactions per Month.
  • Semi-active users: Registered for the L1X Wallet and L1X App
    • 6-20: Users conduct between 6 and 20 Cross-Chain transactions per Month.
  • Registered users: Registered for the L1X Wallet & L1X App
    • 1-5: Users who conduct between 1 and 5 Cross-Chain transactions per Month.

Project Requirements

It is important to note that the specific requirements and procedures may vary for projects and users, as it depends on the objectives and preferences of the project team. Therefore, it is essential to carefully read and understand the instructions provided by the specific project for each airdrop event.

L1X Airdrops not only serve as a way to distribute Coins, but they also help build a strong and engaged community around each specific project. By participating in an airdrop, individuals become more invested in the success of the project and are encouraged to actively contribute to its growth.

Furthermore, airdrops can also create a network effect, as more people become aware of the project and join the community. This increased visibility and user L1X can potentially attract further investment and partnerships, leading to a positive impact on the overall value and development of the L1X Protocol.

The L1X Airdrop strategy provides full engagement with the community, rewards supporters, and increases project awareness. By following the instructions provided, and actively participating in the airdrop campaigns, individuals can not only receive Coins but also contribute to the growth and success of the project.

Early Adopter Coin Grant

As an early adopter, (Partnership with L1X) by commencing integration with L1X, projects can earn the Early Adopter Coin Grant, of 35,000 L1X Coins.

Objective: The objective is to onboard a Project and User Tx lifecycle to bootstrap the growth of the L1X Core Protocol.

Base: Once integrated, a base grant of 25,000 L1X will be awarded to the Project.

Performance: A performance metric based on Transactions (TX’s), as detailed in the table below

The amounts below are a suggested idea:

• * The first two projects to reach 5 million Transactions (TX’s) within 12 months of the Airdrop start, will receive a bonus of double the airdrop entitlement.

Project Airdrop Criteria and Distribution

A specific pool has been allocated for Projects that are building applications in the L1X ecosystem, as well as the Core Protocol. We will take into account a variety of qualitative and quantitative metrics including when the project launched, whether it was native on L1X or transacting through L1X, how much TVL, activity, transaction volume, value of transactions, as well as the consistency of maintaining those metrics. The goal of using a broad variety of criteria was recognizing that L1X is home to a diverse range of projects that have different KPIs and user interactions.

Vesting and Lockup Details

While the user and project airdrops will be available from start of token distribution, all project and user airdrop tokens are subject to 15/24 month lockups, with the first unlocks happening six months after TGE.

Airdrop Points Based Eligibility

A points system will be used to determine the number of tokens that airdrop recipients can claim. Points criteria focuses primarily on a subset of criteria applied to activity on L1X and also partner Projects on L1X.

For example:

• Points earned on connecting and holding L1X could give a user up to 4 points total
• Earn one point per qualifying action performed before the snapshot date.
• Point scores will be capped at 100.
• Additionally, the criteria and design of the airdrop as a whole is intentioned to reward both projects and early adopter users.
• Points scored (minimum of three) before a project is launched on L1X MainNet are worth twice as many points scored.

Converting User Points to Tokens:

Points scored before and after L1X was deployed on the MainNet were weighted differently. Points scored before L1X were worth twice as much as points scored after - as a result, any points scored after TGE resulted in half as much of an allocation per point shown in the table above. If an address only became fully eligible (minimum of three points) post-TGE, all points scored counted as post-TGE points. Thus, the minimum airdrop entitlement is 200 Coins, half of the minimum entitlement in the table above; the maximum airdrop entitlement is 8,000 L1X Coins.

Exploit protection:

To prevent bots from taking advantage of the airdrop, several anti-Sybil rules Need to be established:

• If an airdrop recipient's wallet transactions have all occurred within 48 hours, one point is subtracted.
• If an airdrop recipient's wallet balance is less than .005 ETH, and if the wallet hasn't interacted with more than one smart contract, one point is subtracted.
• If an airdrop recipient's wallet address has been identified as a Sybil address during the Hop protocol bounty program the recipient is disqualified.
• Airdrops are increasingly popular in the crypto space as a way to distribute Coins to a wider audience and create awareness about a project. However, traditional airdrops have limitations, including fairness and efficiency issues.

The L1X Airdrop is designed to create a fair and transparent airdrop mechanism, where users can receive Coins based on specific actions by projects and users alike. L1X aims to eliminate the current flaws in airdrops and reward participants more equitably.

L1X Airdrop is a unique concept that aims to distribute Coins to many projects and their users, as a way to promote and raise awareness about specific projects or protocols building on L1X. The objective is for projects to attract attention and gain a wider user base.

With L1X, the distribution of airdrop coins is inclusive and democratic. Instead of solely relying on factors like wallet balance or previous involvement in the project, the airdrop mechanism is based on a Project or users’ level of ongoing engagement in the L1X ecosystem as a whole. This means that individuals who actively contribute to the community have a higher chance of receiving Coins, creating a more level playing field.

One of the key features of the L1X Protocol is the implementation of the Proof-of-X consensus mechanism. Unlike other popular consensus models like Proof of Work, PoX introduces a new dimension by incentivizing users who hold Coins and are actively participating in the ecosystem. Utilizing this mechanism ensures that the Coins are distributed to those who are genuinely supportive of the project, adding value to both the token holders and the overall ecosystem.

With a vision to disrupt the traditional airdrop model, L1X aims to bring about a fairer and more efficient distribution of Coins. By rewarding active participants and engaging the community, the project creates an ecosystem that is built on trust and collaboration. With its innovative features and commitment to inclusivity, L1X has the potential to reshape the way airdrops are conducted in the crypto space.

• Abolishes traditional limitations of airdrops
• Creates a fair and transparent distribution mechanism
• Implements Proof of X consensus for active participants
• Disrupts the existing airdrop model for a more equitable ecosystem

The L1X team understands the importance of community involvement and believes in rewarding its supporters. With the L1X Airdrop, we aim to incentivize users to engage with both your project and L1X and spread the word to others.

Projects

Having an Airdrop structure is an exciting initiative that offers projects the ability to unlock up to USD 1 million worth of L1X coins*, for the first two projects that transact 5 million transactions using L1X. This effectively translates to all of those transactions on L1X being free.

1. Free Coins: One of the primary benefits of participating in L1X Airdrop is the opportunity to receive free Airdrop coins. As a participant, projects can be rewarded with a certain amount of L1X Coins, which can hold significant value. These Coins can be utilized for various purposes, such as trading, investing, and even leveraging further opportunities within the L1X Protocol ecosystem.
2. Project Awareness: Another significant advantage of taking part in L1X Airdrop is the exposure and awareness it brings to the projects on L1X. By participating, you become an active contributor to the project's growth and success. As you engage with the community and share your experience, you help spread the word about L1X Protocol, which can lead to increased adoption and overall project development.
3. Participating: Participating in L1X Airdrop also enables you to stay updated with the latest developments and news regarding L1X. This not only enhances your knowledge in blockchain but also keeps you informed about potential investment opportunities in specific projects launching on L1X.
4. Community Engagement: L1X Airdrop offers a unique opportunity to connect with like-minded individuals who are passionate about cryptocurrencies and blockchain technology. By joining the L1X Protocol community, you can engage in meaningful discussions, share insights, and collaborate with others who share similar interests. Through community engagement, you can broaden your network, establish valuable connections, and even learn from experienced individuals in the crypto industry. This community aspect plays a vital role in expanding your knowledge, acquiring new skills, and staying updated on the latest developments within the L1X Protocol ecosystem.
5. Potential Future Benefits: Participating in L1X Airdrop not only provides immediate benefits but also opens doors to potential future advantages. As L1X Protocol continues to grow and develop, your early involvement as an airdrop participant may grant you exclusive privileges or incentives in the future. By actively participating, you position yourself as an early adopter of the project, increasing the likelihood of being considered for future airdrops, rewards, or even participation in unique events and programs within the L1X Protocol ecosystem.
6. Contributing: You can contribute to both a project and L1X’s success, enhance users knowledge of blockchain, connect with vibrant communities, and potentially unlock exclusive future advantages. So, don't miss out on the opportunity to participate in L1X Airdrop and be a part of the growing L1X Protocol ecosystem!

Potential Project and User rewards

How to Join the L1X Airdrop and Claim Your Coins

In the world of cryptocurrencies, airdrops have become a popular way for projects to distribute Coins to their community members. If you're interested in joining the L1X Airdrop and claiming your Coins, this article will guide you through the process step by step.

L1X Protocol, a decentralized finance (DeFi) platform, is conducting an airdrop to reward its early supporters and create a strong community. By participating in the airdrop, you have the opportunity to receive L1X Coins, which can hold significant value in the future.

L1X Step 1: Visit the L1X Airdrop Website

To begin, go to the official L1X Airdrop website, which can be found at https://l1x.foundation.

On the page, you will find all the necessary information about the airdrop, including the eligibility criteria and token distribution details.

L1X Step 2: Connect Your Wallet

Next, you need to connect your cryptocurrency wallet to the airdrop platform. L1X supports both the L1X Wallet and Metamask.

L1X Step 3: Complete the Airdrop Tasks

Once your wallet is connected, you will find a list of tasks that need to be completed to be eligible for the L1X Airdrop. These tasks may include joining L1X’s official Telegram group, L1X Twitter (X), and the L1X Discord. By following the L1X Twitter account, and retweeting specific posts. Make sure to complete all the required tasks to maximize your chances of receiving Coins.

L1X Step 4: Submit Your Details

After completing the tasks, you will need to provide some basic details, such as your email address and wallet address, to claim your Coins. It is crucial to provide accurate information to ensure a successful distribution of the Coins.

L1X Step 5: Transact

The more transactions users conduct the more they will earn.

L1X Step 6: Wait for Token Distribution

Once you have completed all the necessary steps, all that's left to do is wait for the token distribution. L1X Protocol will conduct a thorough verification process to ensure fairness and prevent any fraudulent activities. Once the verification is complete, you will receive your L1X Coins directly into your connected wallet.

Participating in the L1X Airdrop not only gives you the opportunity to claim Coins but also allows you to become part of a growing community. L1X Protocol aims to revolutionize DEX’s, RWA Projects, Decentralized finance (De-Fi), Gaming, and others, to empower users with innovative solutions.

By following the steps outlined above, you can join the L1X Airdrop and claim your Coins. Remember to visit the official L1X Airdrop website, connect your wallet, complete the tasks, submit your details, and patiently wait for the token distribution. Good luck!

Tips and Strategies for Maximizing your Projects L1X Airdrop Rewards

Gaining maximum rewards through the L1X Airdrop program is an exciting opportunity for blockchain users. By following some valuable tips and implementing effective strategies, you can enhance your chances of maximizing your rewards. Let's delve into some key strategies that can help you make the most out of the L1X Airdrop rewards.

In order to participate in the Airdrop from the L1X Ecosystem Grants Pool, it is essential to grasp the concept of the L1X Protocol. Familiarize yourself with the L1X Whitepaper. Understand the purpose, goals, and how it stands out from other blockchains - Check out the Blog of Understanding the Concept of L1X Protocol -. This knowledge will enable you to make informed decisions.

Stay Updated and Participate Actively

To optimize your rewards, it is crucial to stay informed about L1X Airdrop updates and news. Engage with the project community through social media channels, forums, and newsletters. Regularly check the official website and join discussions to gain insights and valuable information.

Spread the Word

Increasing your airdrop rewards can be as simple as spreading the word about the L1X Protocol. Share information about the project with your contacts, friends, family, and like-minded individuals. Encourage them to join the airdrop program, as referral rewards can significantly boost your own rewards.

Create Quality Content

Utilize your skills as a content creator to generate high-quality articles, videos, or podcasts about the L1X Protocol. Focus on providing valuable insights, showcasing the benefits of the project, and educating others about its potential. Create engaging content that sparks interest and encourages people to explore the L1X Airdrop program.

L1X Engage in Community Activities

Active participation in L1X community activities can be rewarding. Attend virtual events, webinars, and conferences related to the cryptocurrency space. Connect with fellow enthusiasts, ask questions, and share your thoughts and ideas. Engaging in such activities not only enhances your knowledge but also increases your chances of earning additional rewards.

L1X Leverage Social Media Platforms

Make use of various social media platforms to amplify your L1X Airdrop rewards. Engage with relevant influential individuals, L1X can recommend ways to engage with these individuals, to encourage users to actively contribute to discussions. By encouraging users to share their experiences, insights, and tips, you can attract more followers, potentially leading to increased rewards.

L1X Stay Consistent and Patient

Building a solid presence in your project community takes time and effort. Be consistent with your engagement, content creation, and promotional activities. Don't get discouraged by slow progress at times – airdrop rewards can accumulate gradually. Stay patient and persistent to reap the full benefits of your involvement in the L1X Airdrop program.

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