Governance token distributions of Layer-One.X blockchain

Layer-One.X (L1X) blockchain provides the infrastructure layer on which decentralized applications can be created. L1X's governance token distribution is important and requires a proportional balance between token distribution, nurturing user activity and engagement, and financial incentives. In this paper, we present research in progress of L1X tokenomics describing key concepts and implementations including token velocity and value, incentive scheme, and broad distribution. Particularly the economic design of the native token of the L1X blockchain is presented.