Grantees and L1X Labs must sign a formal legal agreement that outlines the expectations and responsibilities of both parties. L1X Labs has the sole right to make changes to the program before the agreement is signed.
We value transparency and collaboration, so we require that all smart contracts and front-end code be made public unless otherwise stated.
If you are awarded a grant, you cannot share this information (including the number of tokens you have received or are vested) until L1X Labs does so.
L1X Labs and/or its partners may invest up to $250,000 in the project's next earliest fundraising round, up to one year after the grant is awarded.
Note that eligible projects can be in the early ideation stage, active development stage, or in the mature operational stage, looking to make meaningful contributions to the Layer One X ecosystem.
The general investment program is designed to fund projects covering a wide range of topics, including, but not limited to:
- DeX and DeFi
- Gaming and Metaverse
- Asset Tokenization
- Data Ownership and Transmission
- Health Management
- NFT Utility
- Identity Management
- Applications that increase adoption of cryptocurrencies and blockchain
- Projects using L1X Coin effectively within its utility features
- Social Media Related, or
- Other innovative Web3 Projects
All projects will be tracked on GitHub. Teams can apply for grants more than once, but they need to successfully complete the previous project before receiving additional grants.