---
description: >-
  Layer One X (L1X) has the potential to transform the way we manage our
  finances. It provides a decentralized, transparent, and secure way of
  conducting financial transactions.
---

# Use Case 1: Decentralised Finance (DeFi)

Collaboration with DeFi projects would involve building their protocols and applications directly on Layer One X's scalable infrastructure. This partnership would enable DeFi projects to leverage Layer One X's high throughput, low gas fees, and cross-chain capabilities, enhancing user experience and reducing transaction costs.

With L1X, individuals can control their finances without the need for intermediaries like banks. Blockchain-based platforms like Bitcoin and Ethereum have already gained a significant following, and they are being used as a store of value and a means of payment. &#x20;

For instance, the L1X blockchain can be used on the daily basis in the following manners:&#x20;

* Digital payments: L1X can be used for secure and fast digital payments without the need for intermediaries like banks or payment processors.&#x20;
* Microfinance and crowdfunding: Blockchain can be used to create microfinance and crowdfunding platforms, enabling individuals and small businesses to access funding without the need for traditional financial institutions.&#x20;
* Decentralised marketplaces: Blockchain technology can enable the creation of decentralized marketplaces for buying and selling goods and services without the need for intermediaries.&#x20;
* Rewards and loyalty programs: Blockchain technology can be used to create loyalty and rewards programs for customers, enabling them to earn and redeem rewards in a transparent and secure manner.
