Layer One X is a new decentralised blockchain, providing unrivalled interoperability, scalability, speed, and security. It claims transaction speeds up to 100,000 per second, fees of $0.00001 and Network Block Creation time of <500ms. It's designed to be compatible with the most used chains, EVM and non EVM. Most importantly it allows interacting between these chains WITHOUT a bridge! The potential here is friggin massive!

Cross-chain bridges are a major weak point in the current infrastructure and accounted for about two-thirds of all crypto stolen, or about $3.1 billion worth of assets. last year. L1X eliminates centralized players and the need to trust a central point of failure, in other words, it eliminates the need for a bridge. This makes cross-chain communication faster, safer and less expensive.

As per this article on CoinTelegraph, "The goal of L1X is to unite all blockchains and unleash their full potential, providing decentralized multichain interoperability that is accessible to all users. Its proprietary virtual machine (L1X VM) is compatible with the Ethereum Virtual Machine (EVM) Smart Contracts, which enables it to connect chains that account for over 80% of the total value locked (TVL) on decentralized finance (DeFi) protocols. These include EVM and non-EVM compatible chains like Ethereum, Solana, Binance, Polygon, Avalanche, Arbitrum and Optimism.   L1X will further expand its network by unlocking access to additional chains to make Web3 more accessible and less fragmented."

Private Sale Details - Ends Mar 31st.

Sounds sexy right? Well, right now they are having a private sale on their website. If you want in you can have in at private sale prices. There are no VCs here. 

Here's the presale link: L1X Private Sale

You transfer what you want in USDT or USDC and multiple chains are ok, so BNB, Polygon as well as Ethereum. You can keep your gas fees down. Make sure to check the top right of the website to find the Litepaper and Whitepaper. Down the bottom you can check out the team and all their linkedIn profiles.

If you put in more than 1000$ you get a commemorative NFT which is actually an entry to a draw. Winner can win 100,000 L1X tokens at launch! Max investment I believe is $50K which helps limit massive whales etc. and helps to distribute tokens around the community adding to decentralisation.

Some Pros

Private sale price per token is $0.10. I believe there was a seed sale at $0.09 which is a cent cheaper. This is excellent.

Seed sale raised $1.6M, Private Sale is to raise $10M.

Launch is in August at $0.5. Already a 5x.

No VCs, all community funding but there will be a public sale later.

Tokenomics designed by Prysm Group - who did the tokenomics for ETH foundation, Polygon etc.

Testnet is up and running, check it out yourself.

AJ from EMP & Jake from DexFinance, both DeFi visionaries, are working on the launch DEX.

The Scaling Solution Meta is hot and only going to get hotter.

The team's tokens are vested over 30 YEARS!

Some Cons

If you invest, your tokens will be vested over 15 months, 7% at launch.

You gota wait till August to get your first batch of tokens.

There are plenty of competitors on the scaling solution meta though none are quite doing what L1X profess.

The tech seems to be there but success will rest on their marketing. They haven't done any real marketing yet so social media seems a bit light. That said, we are at private sale stage, not public sale or launch.

You don't have a huge amount of time for research as the sale ends March 31st.

IMPORTANTLY - DYOR

This is NOT financial advice. I am not recommending you invest in this project. I am bringing it to your attention so you can do your own research, read the lite/whitepaper, check out the team do your due diligence and make your own decision.

Also, the link above is an affiliate link. If you contribute I will receive a small bonus. This cost you nothing. If you're happy I brought this to your attention then I'd appreciate if you used my link :-)